Alternative statutory remedy and unexplained delay barred writ review of customs confiscation adjudication, leaving merits for appellate consideration...
Authorised courier due diligence protects against penalties where declared exports conceal prohibited goods despite proper documentation and customs p...
Customs-controlled container movement now extends to DP World facilities, subject to segregation, inspections, reconciliation, and EXIM cargo priority...
Income Tax: Section 206C(1F) of the Income Tax Act is proposed to be amended to levy Tax Collection at Source (TCS) on sale of any other goods exceeding Rs. 10 lakh, in addition to motor vehicles, as may be notified by the Central Government. The amendment aims to widen the tax base and track expenses on luxury goods by high net worth individuals. The notified goods would be in the nature of luxury goods. The amendment will take effect from January 1, 2025.
Income Tax: Section 206C(1F) of the Income Tax Act is proposed to be amended to levy Tax Collection at Source (TCS) on sale of any other goods exceeding Rs. 10 lakh, in addition to motor vehicles, as may be notified by the Central Government. The amendment aims to widen the tax base and track expenses on luxury goods by high net worth individuals. The notified goods would be in the nature of luxury goods. The amendment will take effect from January 1, 2025.
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