Penny-stock additions require transaction-specific evidence; general investigation material alone cannot establish undisclosed income or accommodation...
Transfer pricing comparability prioritises reliable external CUPs and foreign-currency LIBOR benchmarks for exports, borrowings and delayed receivable...
Section 153C satisfaction and seized electronic records sustained unexplained-investment addition, subject to proportionate ownership-share verificati...
CBIC, exercising powers under Section 14(2) of the Customs Act, 1962, has revised tariff values for specified imported goods through Notification No. 17/2025-Customs (N.T.) dated March 28, 2025. The notification amends the earlier Notification No. 36/2001-Customs (N.T.) by substituting new tariff values in three tables covering: edible oils (including palm oil variants and soya bean oil), brass scrap, precious metals (gold at US$984 per 10 grams and silver at US$1102 per kilogram), and areca nuts. These revised valuations, which serve as the base for calculating customs duties, will take effect from March 29, 2025.
CBIC, exercising powers under Section 14(2) of the Customs Act, 1962, has revised tariff values for specified imported goods through Notification No. 17/2025-Customs (N.T.) dated March 28, 2025. The notification amends the earlier Notification No. 36/2001-Customs (N.T.) by substituting new tariff values in three tables covering: edible oils (including palm oil variants and soya bean oil), brass scrap, precious metals (gold at US$984 per 10 grams and silver at US$1102 per kilogram), and areca nuts. These revised valuations, which serve as the base for calculating customs duties, will take effect from March 29, 2025.
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