Authentication of paper assessment orders upheld, while qualifying repairs, consumables and vendor advance write-offs remain deductible business claim...
Transaction value cannot be rejected solely on non-statutory valuation guidelines without corroborative evidence supporting reassessment of final cust...
Cross-examination rights and corroborated evidence limit customs penalties for misdeclaration in genuine import transactions involving documented clea...
Tariff classification of vehicle gear components follows the specific gearing entry, displacing motor-vehicle parts classification and related liabili...
This notification from the Central Board of Indirect Taxes and Customs under the Ministry of Finance revises the tariff values for import of certain goods like edible oils, brass scrap, areca nuts, gold, and silver. Table 1 specifies the tariff values per metric ton for various forms of crude and refined palm oil, crude soya bean oil, and brass scrap. Table 2 prescribes tariff values for import of gold in different forms like bars, coins, and findings, as well as silver in the form of bars, coins, and semi-manufactured items. Table 3 maintains the existing tariff value for import of areca nuts. The revised tariff values are effective from 31st October 2024.
This notification from the Central Board of Indirect Taxes and Customs under the Ministry of Finance revises the tariff values for import of certain goods like edible oils, brass scrap, areca nuts, gold, and silver. Table 1 specifies the tariff values per metric ton for various forms of crude and refined palm oil, crude soya bean oil, and brass scrap. Table 2 prescribes tariff values for import of gold in different forms like bars, coins, and findings, as well as silver in the form of bars, coins, and semi-manufactured items. Table 3 maintains the existing tariff value for import of areca nuts. The revised tariff values are effective from 31st October 2024.
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