Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
The GoI, exercising powers under Section 25(1) of the Customs Act, 1962, rescinds Notification No. 04/2025-Customs dated 1st February, 2025, relating to import duty exemptions. The rescission is effective 1st May, 2025, and applies prospectively, preserving legal actions taken prior to this date. The notification withdrawal stems from rationalization of Basic Customs Duty (BCD) tariff, indicating an administrative restructuring of import duty regulations to align with current economic considerations.
The GoI, exercising powers under Section 25(1) of the Customs Act, 1962, rescinds Notification No. 04/2025-Customs dated 1st February, 2025, relating to import duty exemptions. The rescission is effective 1st May, 2025, and applies prospectively, preserving legal actions taken prior to this date. The notification withdrawal stems from rationalization of Basic Customs Duty (BCD) tariff, indicating an administrative restructuring of import duty regulations to align with current economic considerations.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
