Treaty benefit, goodwill depreciation and hedging costs: export commission disallowed, while key business deductions and depreciation claims succeeded...
Undisclosed foreign asset classification requires an unexplained source; unrebutted affidavits and corroborative evidence defeated the Black Money Act...
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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