Transfer-pricing treatment of ITeS margins excludes pass-through tax recoveries and separate delayed-receivables interest after working-capital adjust...
Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
TNMM functional comparability requires excluding rice manufacturers from a pure Basmati rice trader's benchmark and recognising operating export recei...
Working-capital adjustment subsumes delayed-receivable effects in TNMM benchmarking of captive software-development services, avoiding separate notion...
Transfer-pricing comparability requires exclusion of financially illogical super-profit comparables and correction of unsupported annual-report and ma...
Charitable character assessment preserves Section 80G approval despite inclusive spiritual teachings and incidental religious expenditure within the s...
Penalty proceedings for cash-loan acceptance require assessment proceedings and recorded Assessing Officer satisfaction; absent these, the proceedings...
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The Ministry of Finance amended notification No. 25/2002-Customs to expand customs duty exemptions for capital goods used in manufacturing lithium-ion batteries. The amendment introduces two distinct categories under S. No. 69 and 69A, covering specialized manufacturing equipment for mobile phone batteries and electrically operated vehicle batteries respectively. The notification details 50 types of equipment for mobile phone battery production and 57 types for electric vehicle battery manufacturing, including machinery for electrode production, cell assembly, testing, and quality control. The amendment becomes effective February 2, 2025, exercising powers under Section 25(1) of the Customs Act, 1962, aimed at promoting domestic battery manufacturing capabilities.
The Ministry of Finance amended notification No. 25/2002-Customs to expand customs duty exemptions for capital goods used in manufacturing lithium-ion batteries. The amendment introduces two distinct categories under S. No. 69 and 69A, covering specialized manufacturing equipment for mobile phone batteries and electrically operated vehicle batteries respectively. The notification details 50 types of equipment for mobile phone battery production and 57 types for electric vehicle battery manufacturing, including machinery for electrode production, cell assembly, testing, and quality control. The amendment becomes effective February 2, 2025, exercising powers under Section 25(1) of the Customs Act, 1962, aimed at promoting domestic battery manufacturing capabilities.
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