Transfer pricing comparability requires functional alignment and permits working capital adjustment, while APA margins cannot govern non-covered years...
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...
The Ministry of Finance, u/s 14 of the Customs Act, 1962, issued Notification No. 43/2024-CUSTOMS (N.T.) on 14th June, 2024, amending tariff values for various goods like edible oils, brass scrap, areca nut, gold, and silver. New tariff values per metric tonne were specified for items such as Crude Palm Oil, RBD Palm Oil, Crude Palmolein, Brass Scrap, Areca Nuts, Gold, and Silver. The notification, effective from 15th June, 2024, substituted previous tables with updated values. This amendment was deemed necessary and expedient by the Central Board of Indirect Taxes & Customs.
The Ministry of Finance, u/s 14 of the Customs Act, 1962, issued Notification No. 43/2024-CUSTOMS (N.T.) on 14th June, 2024, amending tariff values for various goods like edible oils, brass scrap, areca nut, gold, and silver. New tariff values per metric tonne were specified for items such as Crude Palm Oil, RBD Palm Oil, Crude Palmolein, Brass Scrap, Areca Nuts, Gold, and Silver. The notification, effective from 15th June, 2024, substituted previous tables with updated values. This amendment was deemed necessary and expedient by the Central Board of Indirect Taxes & Customs.
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