Independent manufacturing undertaking eligibility preserves Section 80IA/80IB deductions, while machinery kept ready for use qualifies for depreciatio...
Assessing Officer Satisfaction Requirement Bars Penalty for Cash Receipt in Immovable-Property Sale Cases Where Initiation Lacks Recorded Satisfaction...
Customs duty reforms aim to boost domestic manufacturing, deepen local value addition, enhance export competitiveness, and simplify taxation while prioritizing public interest. Exemptions granted on 25 critical minerals, three cancer drugs, and inputs for seafood, leather, and textile sectors. Duty reduced on mobile phones, chargers, and components to 15%. Renewable energy sector supported through duty exemptions on capital goods for solar cell manufacturing. Duty rationalized for gold, silver, platinum, ferro nickel, and blister copper to enhance domestic value addition. Comprehensive review of customs duty structure planned for rationalization and simplification.
Customs duty reforms aim to boost domestic manufacturing, deepen local value addition, enhance export competitiveness, and simplify taxation while prioritizing public interest. Exemptions granted on 25 critical minerals, three cancer drugs, and inputs for seafood, leather, and textile sectors. Duty reduced on mobile phones, chargers, and components to 15%. Renewable energy sector supported through duty exemptions on capital goods for solar cell manufacturing. Duty rationalized for gold, silver, platinum, ferro nickel, and blister copper to enhance domestic value addition. Comprehensive review of customs duty structure planned for rationalization and simplification.
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