SEZ-unit profit deduction covers voluntary transfer-pricing adjustments, while exempt-income costs, foreign-exchange loss and ITeS comparables are exa...
Infrastructure-development deduction remains available to EPC contractors when substantive statutory conditions outweigh contractor labels in agreemen...
Tariff classification of oven-roasted nuts distinguishes roasting from drying: oven-heating that creates roasted characteristics is treated as roasting, placing almonds and pistachios within the residual entry for other roasted nuts and seeds. Cashew nuts fall within the specific tariff entry for roasted, salted, or roasted and salted cashews, rather than a general entry, under the specific-over-general classification principle. No fresh advance ruling is available on roasted areca nuts where materially indistinguishable classification issues have already been considered. Preferential customs-duty treatment requires independent verification at importation of originating status and prescribed documentary conditions; classification alone is insufficient.
Tariff classification of oven-roasted nuts distinguishes roasting from drying: oven-heating that creates roasted characteristics is treated as roasting, placing almonds and pistachios within the residual entry for other roasted nuts and seeds. Cashew nuts fall within the specific tariff entry for roasted, salted, or roasted and salted cashews, rather than a general entry, under the specific-over-general classification principle. No fresh advance ruling is available on roasted areca nuts where materially indistinguishable classification issues have already been considered. Preferential customs-duty treatment requires independent verification at importation of originating status and prescribed documentary conditions; classification alone is insufficient.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4886 
