On the trade side, India has entered into free trade agreements (FTA) with several countries, which would require that its ...

The Tribunal upheld reclassification and duty recovery but ruled that section 111(o) applies only where exemption conditions are breached. Mere ineligibility to exemption due to wrong classification ...

Income tax exemptions, GST clarifications, and penalty rulings dominated the week. Courts and authorities reinforced substance over form in compliance ...