Ratification of resignation acceptance validates separation retrospectively, while withdrawal may be refused through reasoned administrative discretio...
Nature-dependent electricity contracts receive new Ind AS accounting, hedge designation, transition and financial-statement disclosure requirements fr...
Alternative GST remedy permitted protective writ intervention for ex parte adjudication, preserving independent appellate review of input tax credit d...
Assessment against deceased sole proprietor requires proceedings against the legal representative, rendering prior assessment and appellate orders inv...
Residential waste collection classification under SAC 999423 defeats composite-supply exemption where facilitating goods are not transferred to the lo...
Imported electric ride-on toy components comprising only 60-65% of the parts needed for a complete toy, with essential components absent, are treated as toy parts rather than complete toys in CKD/SKD condition. Assembly with locally procured or manufactured components and subsequent testing produces a distinct finished product and constitutes manufacture under the concessional-duty import rules. Such imports are classified under CTH 95030091 and qualify for concessional customs-duty exemption under Notification No. 50/2017-Cus. The Toys (Quality Control) Order, 2020 does not apply because toy parts cannot independently be regarded as toys and BIS certification is not required for them.
Imported electric ride-on toy components comprising only 60-65% of the parts needed for a complete toy, with essential components absent, are treated as toy parts rather than complete toys in CKD/SKD condition. Assembly with locally procured or manufactured components and subsequent testing produces a distinct finished product and constitutes manufacture under the concessional-duty import rules. Such imports are classified under CTH 95030091 and qualify for concessional customs-duty exemption under Notification No. 50/2017-Cus. The Toys (Quality Control) Order, 2020 does not apply because toy parts cannot independently be regarded as toys and BIS certification is not required for them.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4798
Join Channel
TaxTMI 
