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...
Constitutional judicial review permits challenges to ECIRs and connected money-laundering proceedings where coercive action affects fundamental intere...
This notification from the Central Board of Indirect Taxes and Customs, issued u/s 14(2) of the Customs Act, 1962, revises the tariff values for certain imported goods. It substitutes new tables for edible oils like crude palm oil, RBD palm oil, palmolein, and soybean oil, maintaining the existing tariff values. The tariff values for brass scrap and areca nuts remain unchanged. For gold and silver imports, separate tariff values are prescribed based on form, purity levels, and import mode. The notification comes into effect on October 24, 2024, amending the previous Customs (N.T.) notification.
This notification from the Central Board of Indirect Taxes and Customs, issued u/s 14(2) of the Customs Act, 1962, revises the tariff values for certain imported goods. It substitutes new tables for edible oils like crude palm oil, RBD palm oil, palmolein, and soybean oil, maintaining the existing tariff values. The tariff values for brass scrap and areca nuts remain unchanged. For gold and silver imports, separate tariff values are prescribed based on form, purity levels, and import mode. The notification comes into effect on October 24, 2024, amending the previous Customs (N.T.) notification.
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