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. 10/2022-Central Excise to exempt the export of petrol and diesel to Bhutan from the Road and Infrastructure Cess (RIC). The key changes are: Petrol exported to countries other than Bhutan will attract RIC, while petrol exported to Bhutan will be exempt. Similarly, diesel exported to countries other than Bhutan will attract RIC, while diesel exported to Bhutan will be exempt. The notification comes into force on 3rd September 2024 and omits paragraph 2 of the previous notification.
This notification amends the previous Notification No. 10/2022-Central Excise to exempt the export of petrol and diesel to Bhutan from the Road and Infrastructure Cess (RIC). The key changes are: Petrol exported to countries other than Bhutan will attract RIC, while petrol exported to Bhutan will be exempt. Similarly, diesel exported to countries other than Bhutan will attract RIC, while diesel exported to Bhutan will be exempt. The notification comes into force on 3rd September 2024 and omits paragraph 2 of the previous notification.
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