Wednesday, 30 May 2018

HC admits challenge to 'pre-import condition' for availing exemption under Advance Authorization scheme


Delhi HC admits writ petition challenging constitutional validity of amendment to Notification No. 18/2015–Cus vide Notification No. 79/2017-Cus whereby exemption from IGST and Compensation Cess on inputs under Advance Authorization Scheme has been subjected to “pre-import condition”; Petitioner has also challenged amendment to Para 4.14 of FTP vide Notification No. 33/2015-20 in this regard; Matter has been listed for hearing on August 8

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Bombay HC Clarifies That Genuine Bad Debt Write-offs Need Not Fail for Accounting Technicalities

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