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...
The Ministry of Finance amended notification No. 22/2022-Customs relating to India-UAE CEPA through notification No. 08/2025-Customs dated February 1, 2025. Key changes include removal of multiple serial numbers from Table I and insertion of new entries in Table II covering various goods. Notable additions include new tariff rates for marble/stone products (8-20%), automotive items including CKD kits (10.5-20%), electric vehicles (10.5-35% based on assembly level), motorcycles (0-35% based on type and assembly), and certain electronic components (0%). The amendments aim to update preferential tariff treatment under the trade agreement while introducing differentiated duty structures based on value addition and assembly levels. The notification takes effect from February 2, 2025.
The Ministry of Finance amended notification No. 22/2022-Customs relating to India-UAE CEPA through notification No. 08/2025-Customs dated February 1, 2025. Key changes include removal of multiple serial numbers from Table I and insertion of new entries in Table II covering various goods. Notable additions include new tariff rates for marble/stone products (8-20%), automotive items including CKD kits (10.5-20%), electric vehicles (10.5-35% based on assembly level), motorcycles (0-35% based on type and assembly), and certain electronic components (0%). The amendments aim to update preferential tariff treatment under the trade agreement while introducing differentiated duty structures based on value addition and assembly levels. The notification takes effect from February 2, 2025.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
