Transfer pricing requires evidence for AMP transactions, functionally reliable comparables, and appropriate aggregation or Berry Ratio benchmarking me...
Revisionary jurisdiction cannot reopen share capital assessments where adequate inquiry supports a permissible view and no independent error is establ...
Reassessment jurisdiction fails where unverified portal information is aggregated without examining the taxpayer's explanation or relevance of entries...
Statutory sanction for delayed reassessment requires approval from the prescribed authority; approval by an inferior authority invalidates jurisdictio...
Transfer pricing margin adjustments require matching treatment of non-operating income and related costs, with comparability issues reconsidered on ev...
Preliminary-expense amortisation and MAT exempt-income adjustments prevailed, while trademark costs and managerial remuneration require fresh verifica...
Export valuation requires contemporaneous evidence; unrelated invoices cannot prove overvaluation, and dual penalties on firm and partner are impermis...
This notification amends Notification No. 77/2023-Customs (N.T.) dated 20.10.2023 by revising the All Industry Rates (AIRs) of duty drawback for gold and silver jewellery/articles under Chapter 71 of the Customs Tariff. The AIR for tariff item 711301 is revised from 704.1 to 335.50, for tariff item 711302 from 8949 to 4468.10, and for tariff item 711401 from 8949 to 4468.10. The amendment is issued by the Central Government u/s 75 of the Customs Act, 1962 and sub-section (2) of Section 37 of the Central Excise Act, 1944, read with Rules 3 and 4 of the Customs and Central Excise Duties Drawback Rules, 2017.
This notification amends Notification No. 77/2023-Customs (N.T.) dated 20.10.2023 by revising the All Industry Rates (AIRs) of duty drawback for gold and silver jewellery/articles under Chapter 71 of the Customs Tariff. The AIR for tariff item 711301 is revised from 704.1 to 335.50, for tariff item 711302 from 8949 to 4468.10, and for tariff item 711401 from 8949 to 4468.10. The amendment is issued by the Central Government u/s 75 of the Customs Act, 1962 and sub-section (2) of Section 37 of the Central Excise Act, 1944, read with Rules 3 and 4 of the Customs and Central Excise Duties Drawback Rules, 2017.
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