Higher depreciation for qualifying commercial vehicles, exempt-income disallowance, research deduction verification, and club-expense treatment clarif...
Charitable registration renewal cannot become an assessment of receipts, profitability or annual exemption compliance, requiring renewal and donation ...
AMP expenditure for own business is not an international transaction without an associated-enterprise arrangement, eliminating transfer pricing adjust...
Customs valuation must use comparable contemporary imports, while confiscation fines and penalties require proportionate recalculation on reassessed v...
Depositor-protection proceedings prevail over corporate insolvency, while liquidators may recover chit receivables using copies of seized company reco...
Imposition of Minimum Import Price (MIP) - Temporary Measure - A Minimum Import Price of 3.5 US Dollars per Kilogram is set for the specified synthetic knitted fabric ITC(HS) Codes. This aims to regulate the import prices of these fabrics, potentially to protect the domestic industry from underpriced imports. - The changes are effective only until 15th September 2024, after which the policy reverts to its status prior to this notification, unless further amended.
Imposition of Minimum Import Price (MIP) - Temporary Measure - A Minimum Import Price of 3.5 US Dollars per Kilogram is set for the specified synthetic knitted fabric ITC(HS) Codes. This aims to regulate the import prices of these fabrics, potentially to protect the domestic industry from underpriced imports. - The changes are effective only until 15th September 2024, after which the policy reverts to its status prior to this notification, unless further amended.
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