Transfer-pricing treatment of ITeS margins excludes pass-through tax recoveries and separate delayed-receivables interest after working-capital adjust...
Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
TNMM functional comparability requires excluding rice manufacturers from a pure Basmati rice trader's benchmark and recognising operating export recei...
Working-capital adjustment subsumes delayed-receivable effects in TNMM benchmarking of captive software-development services, avoiding separate notion...
Transfer-pricing comparability requires exclusion of financially illogical super-profit comparables and correction of unsupported annual-report and ma...
Charitable character assessment preserves Section 80G approval despite inclusive spiritual teachings and incidental religious expenditure within the s...
Penalty proceedings for cash-loan acceptance require assessment proceedings and recorded Assessing Officer satisfaction; absent these, the proceedings...
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This public notice amends paragraph 4.59 of the Handbook of Procedures, 2023, and modifies the Standard Input Output Norms (SION) M-1 to M-8 for the export of jewellery. It revises the maximum permissible wastage or manufacturing loss percentages for various categories of gold, platinum, and silver jewellery and articles, distinguishing between handcrafted and mechanized production processes. The SION tables specify the quantities of gold, platinum, and silver required as inputs to produce one kilogram of different types of exported jewellery items. The revisions aim to align the norms with current industry practices and ensure efficient utilization of precious metals in jewellery exports.
This public notice amends paragraph 4.59 of the Handbook of Procedures, 2023, and modifies the Standard Input Output Norms (SION) M-1 to M-8 for the export of jewellery. It revises the maximum permissible wastage or manufacturing loss percentages for various categories of gold, platinum, and silver jewellery and articles, distinguishing between handcrafted and mechanized production processes. The SION tables specify the quantities of gold, platinum, and silver required as inputs to produce one kilogram of different types of exported jewellery items. The revisions aim to align the norms with current industry practices and ensure efficient utilization of precious metals in jewellery exports.
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