Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
The Central Government amended notification No. 153/94-Customs under Section 25(1) of the Customs Act, 1962, and Section 3(12) of the Customs Tariff Act, 1975. The amendment expands the scope of exemption for goods of foreign origin imported for repairs and return by including Chapter 86 (railway/tramway equipment) alongside the existing Chapters 88 (aircraft) and 89 (ships/boats) in the proviso to clause (ii) against serial number 1 in the notification's table. This modification broadens the categories of transportation equipment eligible for customs duty exemption when imported for repair purposes. The amendment takes effect from February 2, 2025, reflecting the government's policy to facilitate maintenance and repair operations across multiple transport sectors.
The Central Government amended notification No. 153/94-Customs under Section 25(1) of the Customs Act, 1962, and Section 3(12) of the Customs Tariff Act, 1975. The amendment expands the scope of exemption for goods of foreign origin imported for repairs and return by including Chapter 86 (railway/tramway equipment) alongside the existing Chapters 88 (aircraft) and 89 (ships/boats) in the proviso to clause (ii) against serial number 1 in the notification's table. This modification broadens the categories of transportation equipment eligible for customs duty exemption when imported for repair purposes. The amendment takes effect from February 2, 2025, reflecting the government's policy to facilitate maintenance and repair operations across multiple transport sectors.
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