Payment of premium for reinsurance contracts permits assumption of risk without advance premium payment for insurance accepted under automatic reinsurance contracts. Facultative reinsurance risk may be assumed without advance payment where a Premium Payment Warranty clause is incorporated and its terms are followed. Reinsurers must maintain systems to ensure that all premiums receivable are duly received and accounted for.

Every insurance contract must specify the mode and schedule of premium payment, any grace period and consequences of non-payment, conditions for revival of a lapsed policy, and the date on which risk commences. It must also identify the date of risk termination on unpaid or unrealised premium, considering the line of business and policy duration, include any agreed Premium Payment Warranty clause, and contain further information specified by the Authority.

Premium payment arrangements may be mutually agreed between an IIO and a prospect or insured for an insurance contract. Payment may be structured in instalments, with the parties determining the time schedule and manner applicable to each instalment. The agreement is incorporated through a premium payment warranty clause forming part of the contract of insurance.

Assumption, continuation or termination of insurance risk by an IIO requires satisfaction of an applicable premium-payment condition. These conditions include receipt of premium, a prescribed premium guarantee, an advance deposit for adjustment against premium, or payment in accordance with insurance contract terms or another manner specified by the Authority.

Filing of Bills of Entry and approvals under section 48 shall be unavailable from the specified evening time on Budget presentation day until ICES is updated, while other ICEGATE services and officer functions continue. Shipping Bill filing and assessment shall continue; where new export duty, cess, or export levies apply before online directory changes, the relevant Shipping Bills must be tracked and such levies collected manually. Officers must also review prior Bills of Entry for changed duty liability before out-of-charge.

Premium payment to an IIO may be made by a proposer or policyholder through recognised banking-channel instruments, including electronic payment; a bank guarantee or equivalent bank-issued instrument in favour of the IIO where the insured defaults; cash deposit; or any other payment method specified by the Authority.

Definitions governing premium payment and receipt cover cash deposits, grace periods, premium payment warranty clauses and premium. A grace period preserves an existing policy's force while payment is made without penalty, late fee or lapse. Premium has the meaning assigned under the Insurance Act, 1938; in reinsurance, it is the consideration paid or payable under a reinsurance contract to cover risk. Undefined terms adopt meanings assigned under the applicable statutory framework and related rules or regulations.

Premium payment, risk assumption, receipt and refund mechanisms for insurance business in International Financial Services Centres are governed by conditions aligned with Section 64 VB of the Insurance Act, 1938. The framework prescribes the manner of premium payment, assumption of risk, receipt or refund of premiums, and related terms and conditions.

Manner of payment and receipt of premium within International Financial Services Centres is governed by the International Financial Services Centres Authority (Manner of Payment and Receipt of Premium) Regulations, 2022. Commencement occurs on publication in the Official Gazette, and applicability extends to all IIOs, bringing them within the premium payment and receipt framework.

GST transitional-credit claims through TRAN-1 and TRAN-2 could be filed or revised during a one-time portal facility. Applicants had to upload the prescribed declaration, upload TRANS-3 where Credit Transfer Document-based credit was claimed, and submit self-certified copies and supporting material to the jurisdictional tax officer within seven days. Form details could be amended only before submission; once submitted, the form was frozen and no further filing or revision was permitted. Claims were subject to verification, production of records where required, reasonable opportunity of hearing, and reflection of allowed credit in the Electronic Credit Ledger.

Reassessment cannot be initiated merely by reconsidering issues already examined during the original assessment. Where recorded reasons arise solely from the existing assessment record, and the taxpayer had answered specific original-assessment queries on those matters, no new tangible material supports reopening. Such reconsideration constitutes a change of opinion, rendering initiation of reassessment invalid.

IIOs may receive insurance premium through recognised banking and electronic instruments, bank guarantees, cash deposits, or other specified methods. Risk may be assumed, continued or terminated where premium is received, guaranteed, supported by an advance deposit, or governed by contractual or specified terms. Insurance contracts must state premium schedules, grace periods, consequences of non-payment, revival conditions, risk commencement and termination, and any premium payment warranty clause. Premium refunds must be paid directly to insured persons, while IIOs must maintain Board-approved credit-risk mitigation policies.

Late fees for delayed filing of Bills of Entry are waived where the delay relates to consignments covered by Import General Manifests filed on 1 and 2 February 2021 and resulted from the ICES shutdown for Budget 2021-22 system updation. The waiver applies to late fees otherwise chargeable under the Bill of Entry (Forms) Amendment Regulations, 2017. ICES filing services were restored on 3 February 2021.

Rule 43 of the Value Added Tax Rules, 2005 requires refund applications to be filed before the Additional Commissioner of State Taxes. An application filed before the Joint Commissioner of State Taxes is not a valid application before the prescribed authority. The claimant must submit a proper refund application to the Additional Commissioner, who must consider the claim and process any refund expeditiously.

Refund of accumulated input tax credit for tax periods from January 2022 onwards is restricted to credit reflected in FORM GSTR-2B for the relevant or preceding tax periods and otherwise available to the applicant; previously disposed claims are not reopened. Exporters who subsequently export goods or realise export-service payment after the bond or Letter of Undertaking time limits may claim otherwise admissible refund of unutilised input tax credit and integrated tax paid, but not interest. Exported-goods value in adjusted total turnover follows the rule 89(4) Explanation.

Seized material belonging to an assessee and found during a search of another person must be assessed under the specific search-assessment regime, rather than through general reassessment provisions. Section 153C overrides reassessment under Sections 147/148 for such material, rendering reassessment invalid where the specific procedure applies. An additional ground challenging reassessment may be admitted at the second-appellate stage when it raises a jurisdictional issue, goes to the root of the assessment, and is determinable from material already on record.

Where the Tribunal follows binding High Court precedent and identical Revenue appeals have already been dismissed, no substantial question of law arises unless contrary material distinguishes or displaces the settled position. The Revenue's challenge failed because it identified no basis to depart from the governing precedent, and the issue remained decided in favour of the assessee.

Global investment access is integrated into IFANOW's wealth-management platform through Appreciate's technology infrastructure, enabling advisors and clients to access Global Funds and US Stock Baskets within existing workflows. Assisted and DIY journeys support onboarding, KYC, remittance and investment execution. Appreciate provides infrastructure for execution, payments, distribution, advisory and exchange connectivity through APIs and SDKs. Global investments are facilitated through regulated GIFT City IFSC and FEMA-compliant Liberalised Remittance Scheme routes, with supported banking channels for funding.

Orange Retail Finance India Private Limited completed a listed non-convertible debenture issuance as the first tranche of its listed debt programme. The issuance is part of a broader debt-fundraising plan to diversify funding sources, establish an institutional capital-raising platform and support asset-liability management. It accompanies a transition from legacy two-wheeler lending to secured retail finance focused on gold loans and MSME loan against property in semi-urban and rural markets.

Pending completion of role mapping on the Boweb Portal, existing officer assignments continue despite changes in office nomenclature or territorial jurisdiction. Officers must continue to perform tasks allocated before the revised jurisdictional allocation, including registration, refund, scrutiny, audit, enforcement, adjudication, appeals and related functions, until the portal mapping is updated.