Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
Under s.25(1) of Customs Act 1962, GOI issued a notification establishing revised import duty rates for specified goods effective Feb 2, 2025. Key provisions include duty exemptions for various metal waste/scrap items, 70% duty on imported passenger vehicles and motorcycles, 20% duty on most consumer goods including furniture, bicycles, and smart meters. The notification sets differential rates: nil duty for metal scrap/waste (copper, tin, tungsten etc.), 7.5% for chemical compounds, 20% for most manufactured goods, and 70% for vehicles and personal imports. Special provisions apply to personal baggage and goods for personal use. The measure aims to rationalize the tariff structure while protecting domestic industries through strategic duty calibration.
Under s.25(1) of Customs Act 1962, GOI issued a notification establishing revised import duty rates for specified goods effective Feb 2, 2025. Key provisions include duty exemptions for various metal waste/scrap items, 70% duty on imported passenger vehicles and motorcycles, 20% duty on most consumer goods including furniture, bicycles, and smart meters. The notification sets differential rates: nil duty for metal scrap/waste (copper, tin, tungsten etc.), 7.5% for chemical compounds, 20% for most manufactured goods, and 70% for vehicles and personal imports. Special provisions apply to personal baggage and goods for personal use. The measure aims to rationalize the tariff structure while protecting domestic industries through strategic duty calibration.
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