Opportunity to furnish unsecured-loan confirmations is required before reassessment initiation; proceedings require fresh consideration after taxpayer...
Under-reporting on a first reassessment return attracts penalty, while enhanced misreporting penalty requires proof of a statutory misreporting catego...
DGTR imposed a 20% countervailing duty on imports of Saccharin (tariff item 2925 11 00) from China PR following an anti-subsidy investigation. The duty applies to all forms of Saccharin produced by any manufacturer in China PR and will remain in effect for five years from notification date. This supersedes previous notification 2/2019-Customs (CVD). The decision was based on findings that cessation of duty would likely lead to continued subsidization and injury to domestic industry. CIF value determination follows Customs Act provisions, with duty payable in Indian currency at applicable exchange rates specified under Section 14 of Customs Act, 1962.
DGTR imposed a 20% countervailing duty on imports of Saccharin (tariff item 2925 11 00) from China PR following an anti-subsidy investigation. The duty applies to all forms of Saccharin produced by any manufacturer in China PR and will remain in effect for five years from notification date. This supersedes previous notification 2/2019-Customs (CVD). The decision was based on findings that cessation of duty would likely lead to continued subsidization and injury to domestic industry. CIF value determination follows Customs Act provisions, with duty payable in Indian currency at applicable exchange rates specified under Section 14 of Customs Act, 1962.
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TaxTMI 
TaxTMI 
of 4916 
