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 notification amends tariff values for various commodities under the Customs Act, 1962. The Central Board of Indirect Taxes & Customs issued Notification No. 28/2025-Customs (N.T.) on 23rd April, 2025, establishing fixed tariff values for edible oils (palm oil, palmolein, soya bean oil), brass scrap, precious metals (gold and silver), and areca nuts. The tariff values remain unchanged from previous rates, with specific values designated for different categories and grades of goods. The notification becomes effective from 24th April, 2025, providing updated customs valuation guidelines for import and trade purposes.
The notification amends tariff values for various commodities under the Customs Act, 1962. The Central Board of Indirect Taxes & Customs issued Notification No. 28/2025-Customs (N.T.) on 23rd April, 2025, establishing fixed tariff values for edible oils (palm oil, palmolein, soya bean oil), brass scrap, precious metals (gold and silver), and areca nuts. The tariff values remain unchanged from previous rates, with specific values designated for different categories and grades of goods. The notification becomes effective from 24th April, 2025, providing updated customs valuation guidelines for import and trade purposes.
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