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 31 May 2025. The Central Board of Indirect Taxes & Customs exercises powers under section 14(2) of the Customs Act, 1962 to substitute TABLE-1, TABLE-2, and TABLE-3 with updated tariff values. Key modifications include new tariff values for crude palm oil (965 US$/MT), RBD palm oil (1018 US$/MT), brass scrap (5483 US$/MT), gold (1067 US$/10 grams), silver (1080 US$/kg), and areca nuts (6970 US$/MT), reflecting current market conditions and regulatory adjustments in customs valuation.
The notification amends tariff values for various goods, including edible oils, brass scrap, areca nuts, gold, and silver, effective 31 May 2025. The Central Board of Indirect Taxes & Customs exercises powers under section 14(2) of the Customs Act, 1962 to substitute TABLE-1, TABLE-2, and TABLE-3 with updated tariff values. Key modifications include new tariff values for crude palm oil (965 US$/MT), RBD palm oil (1018 US$/MT), brass scrap (5483 US$/MT), gold (1067 US$/10 grams), silver (1080 US$/kg), and areca nuts (6970 US$/MT), reflecting current market conditions and regulatory adjustments in customs valuation.
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