Transfer pricing requires evidence for AMP transactions, functionally reliable comparables, and appropriate aggregation or Berry Ratio benchmarking me...
Revisionary jurisdiction cannot reopen share capital assessments where adequate inquiry supports a permissible view and no independent error is establ...
Reassessment jurisdiction fails where unverified portal information is aggregated without examining the taxpayer's explanation or relevance of entries...
Statutory sanction for delayed reassessment requires approval from the prescribed authority; approval by an inferior authority invalidates jurisdictio...
Transfer pricing margin adjustments require matching treatment of non-operating income and related costs, with comparability issues reconsidered on ev...
Preliminary-expense amortisation and MAT exempt-income adjustments prevailed, while trademark costs and managerial remuneration require fresh verifica...
Export valuation requires contemporaneous evidence; unrelated invoices cannot prove overvaluation, and dual penalties on firm and partner are impermis...
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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