Summary: The Madras High Court ruled that the Customs Department lacks jurisdiction to issue a show cause notice regarding the misclassification of SEIS (Service Exports from India Scheme) scrips ...

The Foreign Trade Policy (FTP) and past court rulings (Zuari Industries, Titan Medical, Alstom India) confirm that customs cannot override DGFT’s decisions. The petitioners misclassified their goods ...

Financial reporting frameworks increasingly rely on measurements of fair value and other estimates, “leading to a corresponding rise in the frequency and significance of the use of the work of ...