Authentication of paper assessment orders upheld, while qualifying repairs, consumables and vendor advance write-offs remain deductible business claim...
Transaction value cannot be rejected solely on non-statutory valuation guidelines without corroborative evidence supporting reassessment of final cust...
Cross-examination rights and corroborated evidence limit customs penalties for misdeclaration in genuine import transactions involving documented clea...
Tariff classification of vehicle gear components follows the specific gearing entry, displacing motor-vehicle parts classification and related liabili...
The Ministry of Finance, Department of Revenue, through Notification No. 37/2024-CUSTOMS (N.T.), has amended tariff values for various goods u/s 14 of the Customs Act, 1962. The notification substitutes Tables 1, 2, and 3 with revised tariff values for goods such as edible oils, brass scrap, areca nut, gold, and silver. The notification, effective from 22nd May 2024, maintains existing tariff values for items like Crude Palm Oil, RBD Palm Oil, Crude Palmolein, and others. It also specifies tariff values for Gold and Silver in different forms. This amendment aligns with the government's customs regulations and aims to regulate import duties accordingly.
The Ministry of Finance, Department of Revenue, through Notification No. 37/2024-CUSTOMS (N.T.), has amended tariff values for various goods u/s 14 of the Customs Act, 1962. The notification substitutes Tables 1, 2, and 3 with revised tariff values for goods such as edible oils, brass scrap, areca nut, gold, and silver. The notification, effective from 22nd May 2024, maintains existing tariff values for items like Crude Palm Oil, RBD Palm Oil, Crude Palmolein, and others. It also specifies tariff values for Gold and Silver in different forms. This amendment aligns with the government's customs regulations and aims to regulate import duties accordingly.
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