Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
Constitutional judicial review permits challenges to ECIRs and connected money-laundering proceedings where coercive action affects fundamental intere...
MoF amended Notification 11/2021-Customs by exercising powers under s.25(1) of Customs Act 1962 and s.124 of Finance Act 2021. The amendment modifies Agriculture Infrastructure and Development Cess (AIDC) rates for alcoholic beverages. For bourbon whiskey (tariff items 2208 30 11 and 2208 30 91), AIDC is set at 50%, while other alcoholic beverages under headings 2204, 2205, 2206, and 2208 retain 100% AIDC rate. The notification took immediate effect upon issuance on February 13, 2025, implementing differential AIDC treatment for bourbon whiskey compared to other alcoholic beverages.
MoF amended Notification 11/2021-Customs by exercising powers under s.25(1) of Customs Act 1962 and s.124 of Finance Act 2021. The amendment modifies Agriculture Infrastructure and Development Cess (AIDC) rates for alcoholic beverages. For bourbon whiskey (tariff items 2208 30 11 and 2208 30 91), AIDC is set at 50%, while other alcoholic beverages under headings 2204, 2205, 2206, and 2208 retain 100% AIDC rate. The notification took immediate effect upon issuance on February 13, 2025, implementing differential AIDC treatment for bourbon whiskey compared to other alcoholic beverages.
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