Faceless assessment and registration procedures are updated through electronic communication, revised recovery rules, extended deadlines, and replacem...
Risk-based selective vessel boarding requires accurate declarations and preserves master and agent liability where physical inspections are not select...
Permanent-establishment reassessment cannot revisit scrutinised disclosures; extended reopening fails without undisclosed material facts and within st...
HSN code for non-edible neem oil is 1515 90 20, classified under Chapter 15, not Chapter 31 as fertilizer. The product remains neem oil in essential character despite chemical modification by adding solvents to reduce Azadirachtin content. As per Notification No. 09/2022-Central Tax (Rate), no refund of unutilized input tax credit is allowed for goods under Chapter 15 like non-edible neem oil where input tax rate exceeds output tax rate for such specified goods.
HSN code for non-edible neem oil is 1515 90 20, classified under Chapter 15, not Chapter 31 as fertilizer. The product remains neem oil in essential character despite chemical modification by adding solvents to reduce Azadirachtin content. As per Notification No. 09/2022-Central Tax (Rate), no refund of unutilized input tax credit is allowed for goods under Chapter 15 like non-edible neem oil where input tax rate exceeds output tax rate for such specified goods.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
