The authority found non-compliance with Section 42(6) due to absence of a separate bank account. It held that such violation attracts penalty under Section 42(10).
The authority refused to entertain the application as the classification of provisionally preserved areca nuts was already decided by the High Court. It held that settled judicial precedent bars fresh rulings on identical issues.
The government has amended customs infrastructure rules by deleting a specific entry for Tamil Nadu. The update signals continued rationalisation of notified customs locations.
ICSI highlights delays in marking defective forms by RoCs under CCFS 2026. It urges MCA to mandate time-bound processing or allow direct refiling to resolve compliance hurdles.
DGFT extends RELIEF scheme benefits to Egypt and Jordan to support exporters impacted by global logistics issues. The move widens export facilitation coverage under EPM.
The amendments replace the consultation committee with CoC oversight, giving creditors greater control over liquidation decisions. This ensures improved transparency and accountability in the process.
The government excludes Lithograde aluminum coils above 1150 mm width from anti-dumping duty. The change follows court directions and revised DGTR findings.
The authority held that a foam production line qualifies as an injection moulding machine due to its integrated process of injecting and forming polymer products. Residual classifications were rejected.
Failure to include required disclosures in an explanatory statement led to adjudication and penalty. Reduced penalty applied due to startup status under Section 446B.
A corrigendum fixes multiple drafting and referencing mistakes in income tax rules. The update ensures clarity without altering substantive provisions.
