Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer...
Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
Constitutional judicial review permits challenges to ECIRs and connected money-laundering proceedings where coercive action affects fundamental intere...
The CBIC issued Instruction No. 05/2025-Customs clarifying CITES regulations for international travelers carrying agarwood products. Per CITES Resolution Conf.13.7 (Rev.CoP17), individuals may transport personal effects including up to 1 kg wood chips, 24 ml oil, and two sets of beads/prayer beads from Appendix II species without requiring export permits. Customs authorities are instructed to sensitize officers about these allowable limits for dead specimens, parts, or derivatives of agarwood products during international travel, ensuring compliance with international wildlife trade regulations while facilitating personal transportation of specified quantities.
The CBIC issued Instruction No. 05/2025-Customs clarifying CITES regulations for international travelers carrying agarwood products. Per CITES Resolution Conf.13.7 (Rev.CoP17), individuals may transport personal effects including up to 1 kg wood chips, 24 ml oil, and two sets of beads/prayer beads from Appendix II species without requiring export permits. Customs authorities are instructed to sensitize officers about these allowable limits for dead specimens, parts, or derivatives of agarwood products during international travel, ensuring compliance with international wildlife trade regulations while facilitating personal transportation of specified quantities.
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