Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Expanded Rule 3 list clarifies agricultural commodities under section 116(7) for commodities transaction tax applicability</h1> Rule 3 of the Commodities Transaction Tax Rules, 2013 specifies which products qualify as 'agricultural commodities' for the purposes of clause (7) of section 116 of the Act. It provides an exhaustive list of such commodities, including various cereals, pulses, oilseeds, spices, fibers, nuts, and related products (for example, almond, barley, cotton, guar seed, maize, pepper, potato, rapeseed/mustard seed, soybean, turmeric, wheat, and numerous dals and millets). A 2015 notification substituted the earlier, shorter list with an expanded and more detailed enumeration, thereby clarifying and broadening the scope of agricultural commodities subject to the statutory scheme.