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...
The GoI MoF amended Notification No. 77/2023 - Customs (N.T.) regarding All Industry Rates of Duty Drawback for Articles of Jewellery. Specifically, the amendment modifies three tariff items in Chapter-71: tariff item 711301 duty drawback rate increased from 335.50 to 405.40, tariff item 711302 rate increased from 4468.10 to 4950.03, and tariff item 711401 rate increased from 4468.10 to 4950.03. The amendment was issued under powers conferred by Customs Act, 1962 and Central Excise Act, 1944, read with Customs and Central Excise Duties Drawback Rules, 2017, effective from the date of notification.
The GoI MoF amended Notification No. 77/2023 - Customs (N.T.) regarding All Industry Rates of Duty Drawback for Articles of Jewellery. Specifically, the amendment modifies three tariff items in Chapter-71: tariff item 711301 duty drawback rate increased from 335.50 to 405.40, tariff item 711302 rate increased from 4468.10 to 4950.03, and tariff item 711401 rate increased from 4468.10 to 4950.03. The amendment was issued under powers conferred by Customs Act, 1962 and Central Excise Act, 1944, read with Customs and Central Excise Duties Drawback Rules, 2017, effective from the date of notification.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
