Opportunity to furnish unsecured-loan confirmations is required before reassessment initiation; proceedings require fresh consideration after taxpayer...
Under-reporting on a first reassessment return attracts penalty, while enhanced misreporting penalty requires proof of a statutory misreporting catego...
This notification amends the previous Notification No. 18/2022-Central Excise to exempt Aviation Turbine Fuel (ATF) exported to Bhutan from the Special Additional Excise Duty. The key changes are: 1) The existing entry for ATF export is modified to specify it applies to countries other than Bhutan. 2) A new entry is inserted exempting ATF exported to Bhutan from the Special Additional Excise Duty. The amendment comes into force on 3rd September 2024 under the Central Excise Act, 1944 read with the Finance Act, 2002.
This notification amends the previous Notification No. 18/2022-Central Excise to exempt Aviation Turbine Fuel (ATF) exported to Bhutan from the Special Additional Excise Duty. The key changes are: 1) The existing entry for ATF export is modified to specify it applies to countries other than Bhutan. 2) A new entry is inserted exempting ATF exported to Bhutan from the Special Additional Excise Duty. The amendment comes into force on 3rd September 2024 under the Central Excise Act, 1944 read with the Finance Act, 2002.
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