Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
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.
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