Deductibility for charitable donations affirmed where payments to approved relief funds, even if CSR-driven, qualify under the donation deduction sche...
Mis-declaration in import descriptions must be deliberate to justify confiscation; withheld contemporaneous import documents invalidate value redeterm...
Liability for EPCG export shortfall: duty and interest sustained, but confiscation and penalties quashed where no fraud and causes beyond importer con...
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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