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...
The notification amends the previous Central Excise notification No. 04/2022 to exempt the export of petrol and diesel from the Special Additional Excise Duty when exported to Bhutan. Specifically, it inserts new entries in the table to provide a nil rate of duty for petrol and diesel cleared for export to Bhutan, while retaining the existing duty rates for exports to countries other than Bhutan. The amendment comes into force on September 3, 2024.
The notification amends the previous Central Excise notification No. 04/2022 to exempt the export of petrol and diesel from the Special Additional Excise Duty when exported to Bhutan. Specifically, it inserts new entries in the table to provide a nil rate of duty for petrol and diesel cleared for export to Bhutan, while retaining the existing duty rates for exports to countries other than Bhutan. The amendment comes into force on September 3, 2024.
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TaxTMI 
TaxTMI 
of 4916 
