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...
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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