Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
The DGFT issued Notification No. 18/2025-26 under the Foreign Trade (Development & Regulation) Act, 1992, amending import policy conditions for precious metals under Chapter 71 of ITC (HS) 2022. The notification maintains "Free" import policy for palladium, rhodium, and iridium across six specific HS codes (71102100, 71102900, 71103100, 71103900, 71104100, 71104900) covering both unwrought/powder forms and other forms. However, new restrictions were imposed on alloys of these metals containing gold content exceeding one percent by weight, which are now classified as "Restricted" imports. The amendment took immediate effect from June 17, 2025, requiring importers to comply with additional regulatory requirements for gold-containing alloys while maintaining liberalized import regime for pure forms of these precious metals.
The DGFT issued Notification No. 18/2025-26 under the Foreign Trade (Development & Regulation) Act, 1992, amending import policy conditions for precious metals under Chapter 71 of ITC (HS) 2022. The notification maintains "Free" import policy for palladium, rhodium, and iridium across six specific HS codes (71102100, 71102900, 71103100, 71103900, 71104100, 71104900) covering both unwrought/powder forms and other forms. However, new restrictions were imposed on alloys of these metals containing gold content exceeding one percent by weight, which are now classified as "Restricted" imports. The amendment took immediate effect from June 17, 2025, requiring importers to comply with additional regulatory requirements for gold-containing alloys while maintaining liberalized import regime for pure forms of these precious metals.
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