Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
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Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
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Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
The MoF issued Notification No. 31/2025-Customs amending previous customs notifications to reduce basic customs duty from 20% to 10% for crude soya bean, sunflower, and palm oils. The notification also extends the exemption condition for Yellow Peas imports to bills of lading issued on or before 31.03.2026. Implemented through powers under section 25 of the Customs Act, 1962 and section 124 of the Finance Act, 2021, the changes take immediate effect to serve public interest by potentially lowering import costs for specified agricultural commodities.
The MoF issued Notification No. 31/2025-Customs amending previous customs notifications to reduce basic customs duty from 20% to 10% for crude soya bean, sunflower, and palm oils. The notification also extends the exemption condition for Yellow Peas imports to bills of lading issued on or before 31.03.2026. Implemented through powers under section 25 of the Customs Act, 1962 and section 124 of the Finance Act, 2021, the changes take immediate effect to serve public interest by potentially lowering import costs for specified agricultural commodities.
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