The amendment allows disposal of goods not cleared within 30 days and introduces re-export options after 15 days. It ensures quicker handling of pending consignments and reduces delays.
The notification expands Form E by adding fields on export clearance, e-commerce exports, and export benefits. It mandates supporting documents for transparency. The change strengthens reporting and compliance requirements.
The amendment clarifies that income from investments made before 1 April 2017 is excluded from Chapter XI provisions. It ensures that legacy investments are protected from retrospective tax implications while applying anti-abuse rules prospectively.
The latest amendment excludes income arising from transfer of pre-2017 investments from GAAR scrutiny. It reinforces the protection of grandfathered investments despite broader applicability of anti-avoidance provisions.
The notification grants customs duty relief to SEZ units clearing goods to DTA, provided production began before 31 March 2025. It clarifies eligibility conditions, exclusions, and compliance requirements for availing the benefit.
The RBI extended the time for realisation of export proceeds from nine to fifteen months due to global uncertainties. This decision addresses delays caused by geopolitical tensions and logistical disruptions.
The government amended the earlier notification by replacing Table 1 with a revised duty structure. This change impacts applicable customs rates and compliance requirements for specified goods.
The government amended the earlier notification by replacing Table I, II, and III with updated duty structures. The change impacts applicable rates and conditions for specified goods under customs law.
CBIC removed the value cap on courier exports to boost e-commerce and trade flexibility. The reform allows seamless exports and reduces reliance on traditional cargo modes.
The government notified a statutory commission for tax benefits under section 10(46A). The exemption applies from AY 2026-27 subject to continued eligibility conditions.
