Foreign Trade Policy & Hand Book of Procedures 2015-2020 extended upto 31.03.2021
Foreign Trade Policy 2015-2020 extended upto 31.03.2021
The existing Foreign Trade Policy 2015-2020 which is valid upto 31.3.2020 has been extended upto 31.03.2021. Various other changes has also also made extending the date of exemptions by one year and extending validity of DFIA and EPCG Authorizations for import purposes.
Hand Book of Procedures 2015-2020 extended upto 31.03.2021
Similarly, validity of the existing Hand Book of Procedures, 2015-20 has been extended upto 31st March, 2021.Various other amendments are also made providing extension in the export obligation period in case of Advance and EPCG Authorisations, extension in validity period of status certificates, extension in the dates of filing various applications and returns etc.
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- AO is under an obligation to assign reasons for rejecting explanation of the assessee
- CBIC issues SoP for clearance of imported goods through Foreign Post Offices
- Sale deed executed with full knowledge of only part consideration paid, not void – SC
- No fault in serving notice to last known address when PAN data was not updated – ITAT
- Investment by firm through capital introduced by partners cannot be treated as unexplained
