Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer...
Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
This notification amends the export duty rates on certain varieties of rice under the Customs Act, 1962. It introduces a 10% export duty on rice in husk (paddy or rough), husked (brown) rice, and parboiled rice. However, it exempts semi-milled or wholly-milled rice (other than parboiled and Basmati rice) from export duty. The changes are effective immediately.
This notification amends the export duty rates on certain varieties of rice under the Customs Act, 1962. It introduces a 10% export duty on rice in husk (paddy or rough), husked (brown) rice, and parboiled rice. However, it exempts semi-milled or wholly-milled rice (other than parboiled and Basmati rice) from export duty. The changes are effective immediately.
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