Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer...
Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
DGFT issues a notification which amends the Import Policy for Raw Petroleum Coke (RPC) and Calcined Petroleum Coke (CPC) under Chapter 27 of the ITC (HS), 2022, Schedule-I (Import Policy). The revised policy allows for the total import of 1.9 Million MTs of RPC for CPC manufacturing and 0.5 Million MTs of CPC for the Aluminium Industry in FY 2024-25, with adjustments in the following years, subject to specific conditions including usage restrictions and domestic needs. The amendment aligns with the recommendations of the Commission for Air Quality Management issued on 14.02.2024.
DGFT issues a notification which amends the Import Policy for Raw Petroleum Coke (RPC) and Calcined Petroleum Coke (CPC) under Chapter 27 of the ITC (HS), 2022, Schedule-I (Import Policy). The revised policy allows for the total import of 1.9 Million MTs of RPC for CPC manufacturing and 0.5 Million MTs of CPC for the Aluminium Industry in FY 2024-25, with adjustments in the following years, subject to specific conditions including usage restrictions and domestic needs. The amendment aligns with the recommendations of the Commission for Air Quality Management issued on 14.02.2024.
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