Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer...
Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
Six new Standard Input Output Norms have been fixed for Chemical and Allied Product Group A, covering Artemether PH.I/USP, Artesunate PH.I, Dihydro Artemisinin and three Doxycycline Hyclate DR tablet variants. The notified norms specify the corresponding import inputs and permitted quantities for each export product. The operative effect is to enable Regional Authorities to issue Advance Authorisations directly on the basis of these SIONs, avoiding case-by-case referral to the Norms Committee and promoting faster, more uniform approvals under the Foreign Trade Policy 2023.
Six new Standard Input Output Norms have been fixed for Chemical and Allied Product Group A, covering Artemether PH.I/USP, Artesunate PH.I, Dihydro Artemisinin and three Doxycycline Hyclate DR tablet variants. The notified norms specify the corresponding import inputs and permitted quantities for each export product. The operative effect is to enable Regional Authorities to issue Advance Authorisations directly on the basis of these SIONs, avoiding case-by-case referral to the Norms Committee and promoting faster, more uniform approvals under the Foreign Trade Policy 2023.
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