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...
Tariff values under the Customs Act are revised by substituting Tables 1 to 3 for specified goods, including crude palm oil, palmolein, crude soya bean oil, brass scrap, gold, silver and areca nuts. The notification fixes or restates the tariff values for these items, including no-change values for gold, silver and areca nuts, and applies specific tariff values for the listed oils and brass scrap. The operative effect is that customs valuation for the covered goods is to be determined using the substituted tariff values from 30 May 2026.
Tariff values under the Customs Act are revised by substituting Tables 1 to 3 for specified goods, including crude palm oil, palmolein, crude soya bean oil, brass scrap, gold, silver and areca nuts. The notification fixes or restates the tariff values for these items, including no-change values for gold, silver and areca nuts, and applies specific tariff values for the listed oils and brass scrap. The operative effect is that customs valuation for the covered goods is to be determined using the substituted tariff values from 30 May 2026.
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