Business reorganisation requires recognition of successor's modified return; draft orders against dissolved transferor quashed and fresh review direct...
Pre-commencement R&D deduction denied where business had not commenced; deeming benefit requires tangible start of manufacture or commercial exploitat...
Priority of set-off: brought forward business losses must be adjusted before unabsorbed depreciation; procedural safeguards required for invoking rest...
Tariff values under the customs valuation notification are revised by substituting Tables 1 to 3, while many commodity values remain unchanged. The notification fixes tariff values for specified edible oils, brass scrap, gold, silver and areca nuts, including separate rates for gold and silver where the benefit of the specified customs entries is availed, and for defined forms of gold and silver imports. It also clarifies the scope of certain silver and gold categories through explanations, including exclusions for silver coins, jewellery and articles made of silver, and the meaning of gold findings. The amendment takes effect from 12 June 2026.
Tariff values under the customs valuation notification are revised by substituting Tables 1 to 3, while many commodity values remain unchanged. The notification fixes tariff values for specified edible oils, brass scrap, gold, silver and areca nuts, including separate rates for gold and silver where the benefit of the specified customs entries is availed, and for defined forms of gold and silver imports. It also clarifies the scope of certain silver and gold categories through explanations, including exclusions for silver coins, jewellery and articles made of silver, and the meaning of gold findings. The amendment takes effect from 12 June 2026.
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