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 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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