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 notification amends tariff values for various goods, including edible oils, brass scrap, areca nuts, gold, and silver, effective 16 May 2025. The Central Board of Indirect Taxes & Customs exercises powers under section 14(2) of the Customs Act, 1962 to substitute Tables 1, 2, and 3 with updated tariff values. Key modifications include setting tariff values for crude palm oil at $987 per metric ton, brass scrap at $5,473 per metric ton, gold at $1,028 per 10 grams, silver at $1,065 per kilogram, and areca nuts at $6,970 per metric ton, maintaining consistent regulatory framework for customs valuation.
The notification amends tariff values for various goods, including edible oils, brass scrap, areca nuts, gold, and silver, effective 16 May 2025. The Central Board of Indirect Taxes & Customs exercises powers under section 14(2) of the Customs Act, 1962 to substitute Tables 1, 2, and 3 with updated tariff values. Key modifications include setting tariff values for crude palm oil at $987 per metric ton, brass scrap at $5,473 per metric ton, gold at $1,028 per 10 grams, silver at $1,065 per kilogram, and areca nuts at $6,970 per metric ton, maintaining consistent regulatory framework for customs valuation.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
