Blocked input tax credit for resort construction remains unavailable; interest follows actual utilisation, while delayed payment attracts statutory pe...
Duplicate PAN allocation requires record verification and deactivation reasons before assessment-related transactions can be attributed to an assessee...
Faceless assessment safeguards require requested personal hearings and adequate final show-cause response time, failing which reassessment is required...
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This notification from the Central Board of Indirect Taxes and Customs (CBIC) under the Ministry of Finance revises the tariff values for the import of certain goods like edible oils, brass scrap, areca nut, gold, and silver. Table 1 specifies the tariff values per metric ton for various edible oils like crude palm oil, RBD palm oil, crude palmolein, RBD palmolein, crude soyabean oil, and brass scrap. Table 2 lists the tariff values for gold in various forms like bars, coins, and findings, as well as silver in forms like bars, coins, and semi-manufactured items. Table 3 mentions the tariff value for areca nuts. The revised tariff values are effective from November 15, 2024. This enables the CBIC to periodically update the tariff rates based on global commodity prices to facilitate proper valuation and revenue collection.
This notification from the Central Board of Indirect Taxes and Customs (CBIC) under the Ministry of Finance revises the tariff values for the import of certain goods like edible oils, brass scrap, areca nut, gold, and silver. Table 1 specifies the tariff values per metric ton for various edible oils like crude palm oil, RBD palm oil, crude palmolein, RBD palmolein, crude soyabean oil, and brass scrap. Table 2 lists the tariff values for gold in various forms like bars, coins, and findings, as well as silver in forms like bars, coins, and semi-manufactured items. Table 3 mentions the tariff value for areca nuts. The revised tariff values are effective from November 15, 2024. This enables the CBIC to periodically update the tariff rates based on global commodity prices to facilitate proper valuation and revenue collection.
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