Specified development authority income receives retrospective tax exemption, subject to non-commercial activity, unchanged income sources, and return-...
Unified Brand India framework introduces voluntary Trust Mark certification and funding support for export branding, packaging and global promotional ...
Origin Declaration authentication governs preferential tariff claims under India-UK CETA, requiring a validated reference number before import clearan...
Separate assessment orders for different years remain valid when distinct notices and hearing opportunities prevent prejudice from combined proceeding...
Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Social Welfare Surcharge on imports cleared against MEIS/SEIS duty credit scrips is discussed where Basic Customs Duty is exempt under the relevant customs notifications. The note explains that the surcharge is calculated on the aggregate customs duties payable, rather than on a notional Basic Customs Duty. Accordingly, where the exemption reduces aggregate customs duty payable to nil, no Social Welfare Surcharge arises. It records that this approach was applied to imports of Synthesis Menthol and resulted in the challenged demands being set aside with consequential relief.
Social Welfare Surcharge on imports cleared against MEIS/SEIS duty credit scrips is discussed where Basic Customs Duty is exempt under the relevant customs notifications. The note explains that the surcharge is calculated on the aggregate customs duties payable, rather than on a notional Basic Customs Duty. Accordingly, where the exemption reduces aggregate customs duty payable to nil, no Social Welfare Surcharge arises. It records that this approach was applied to imports of Synthesis Menthol and resulted in the challenged demands being set aside with consequential relief.
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