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Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
This notification Issued by CBIC amends the tariff values for certain imported goods effective November 30, 2024, u/s 14(2) of the Customs Act, 1962. The key amendments are: 1) Revised tariff values for import of various edible oils like crude palm oil ($1119/MT), RBD palm oil ($1127/MT), crude palmolein ($1129/MT), RBD palmolein ($1132/MT), and crude soyabean oil ($1117/MT). 2) Tariff value for brass scrap (all grades) has been fixed at $5220 per metric ton. 3) For gold, two tariff value slabs: - $850 per 10 grams for forms availing exemption under Notification 50/2017 - $850 per 10 grams for gold bars (excluding tola bars), coins over 99.5% purity, and gold findings 4) For silver, three value slabs: - $978/kg for forms availing exemption under Notification 50/2017 - $978/kg for silver excluding coins/medallions over 99.9% purity and semi-manufactured forms.
This notification Issued by CBIC amends the tariff values for certain imported goods effective November 30, 2024, u/s 14(2) of the Customs Act, 1962. The key amendments are: 1) Revised tariff values for import of various edible oils like crude palm oil ($1119/MT), RBD palm oil ($1127/MT), crude palmolein ($1129/MT), RBD palmolein ($1132/MT), and crude soyabean oil ($1117/MT). 2) Tariff value for brass scrap (all grades) has been fixed at $5220 per metric ton. 3) For gold, two tariff value slabs: - $850 per 10 grams for forms availing exemption under Notification 50/2017 - $850 per 10 grams for gold bars (excluding tola bars), coins over 99.5% purity, and gold findings 4) For silver, three value slabs: - $978/kg for forms availing exemption under Notification 50/2017 - $978/kg for silver excluding coins/medallions over 99.9% purity and semi-manufactured forms.
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