Patent-settlement expenditure treated as commercially expedient revenue outlay, with foreign-law restrictions inapplicable before the prospective amen...
International transaction benchmarking restricts transfer pricing adjustments to associated-enterprise dealings, while functional comparability govern...
Joint development agreements defer taxable transfer where possession lacks part performance, while completed flats determine consideration and exempti...
Passenger baggage re-export requires true declaration and cannot be granted indirectly through discretionary redemption of undeclared prohibited goods...
CBIC amends the customs tariff-value notification under section 14(2) of the Customs Act, 1962 by substituting revised Tables 1 to 3 for edible oils, brass scrap, gold, silver and areca nuts. The notification keeps the tariff values unchanged for several items, including crude palm oil, palmolein, crude soya bean oil, brass scrap, gold covered by the specified import entries, and areca nuts, while setting tariff values for silver in specified forms at US$ 2,455 per kilogram and maintaining gold at US$ 1,508 per 10 grams for the listed categories. It takes effect from 20 May 2026.
CBIC amends the customs tariff-value notification under section 14(2) of the Customs Act, 1962 by substituting revised Tables 1 to 3 for edible oils, brass scrap, gold, silver and areca nuts. The notification keeps the tariff values unchanged for several items, including crude palm oil, palmolein, crude soya bean oil, brass scrap, gold covered by the specified import entries, and areca nuts, while setting tariff values for silver in specified forms at US$ 2,455 per kilogram and maintaining gold at US$ 1,508 per 10 grams for the listed categories. It takes effect from 20 May 2026.
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