Specified fund definition expands PAN exemption eligibility for registered alternative investment funds and qualifying International Financial Service...
Tax exemption for specified legal-services authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and...
Approved resolution plans extinguish unsubmitted pre-approval tax claims, preventing later recovery outside the insolvency process and preserving a cl...
Transfer pricing comparability requires functional alignment and permits working capital adjustment, while APA margins cannot govern non-covered years...
An advance-ruling request on roasted areca nuts is barred where the identical classification issue has already been decided by a High Court and no new facts are presented; no ruling is issued on that question. Roasting is distinguished from drying because it produces material physical and chemical changes, and roasted nuts are treated as products otherwise prepared or preserved under Chapter 20. Applying the General Rules for Interpretation, tariff notes, HSN explanatory notes and common trade parlance, roasted cashews fall under the specific tariff entry for roasted cashew nuts, while roasted almonds and pistachios fall under the entry for other roasted nuts and seeds. Preferential customs-duty treatment requires proof of originating status under the applicable origin rules.
An advance-ruling request on roasted areca nuts is barred where the identical classification issue has already been decided by a High Court and no new facts are presented; no ruling is issued on that question. Roasting is distinguished from drying because it produces material physical and chemical changes, and roasted nuts are treated as products otherwise prepared or preserved under Chapter 20. Applying the General Rules for Interpretation, tariff notes, HSN explanatory notes and common trade parlance, roasted cashews fall under the specific tariff entry for roasted cashew nuts, while roasted almonds and pistachios fall under the entry for other roasted nuts and seeds. Preferential customs-duty treatment requires proof of originating status under the applicable origin rules.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4782
Join Channel
TaxTMI 
