Condonation of delay permits statutory appeal restoration where inadequate service explanation prevented consideration of reassessment and taxable-inc...
Limitation in customs appeals permits exclusion for bona fide refund proceedings, enabling restoration of Bill of Entry assessment challenges on merit...
Warehousing permission requires deposit at the designated bonded warehouse; unauthorised diversion triggers confiscation, redemption fine and importer...
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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