Transfer-pricing benchmarking and capital-receipt principles sustained taxpayer relief, while unsupported property-advance write-offs remained disallo...
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Agency in CNG distribution makes outlet operators commission agents, rendering taxable Business Auxiliary Service rather than purchasing goods for res...
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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