Pre-amendment reassessment limitation bars late notices under the preserved regime, invalidating consequential reassessment for affected earlier asses...
Cash-sales explanations for bank deposits require documentary reconciliation; reassessment notice survived where effective response time was available...
Functional comparability in transfer pricing prevents ad hoc arm's length adjustments where functions, assets, risks and reliable comparables are unes...
Contingency expenses, exempt-income disallowance, and royalty benchmarking: unsupported adjustments were deleted under consistent accounting and trans...
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 4921 
