Handicraft job work receives concessional GST only for registered principals and predominantly handmade goods; commercial resin articles remain taxabl...
Reassessment disclosure requirements permit stated reasons without revealing information sources, but prior-taxation claims require full examination b...
Independent assessment discretion and corroborated electronic evidence determine validity of on-money additions and undisclosed-consideration assessme...
The Central Board of Indirect Taxes & Customs issued Notification No. 44/2025-Customs (N.T.) under Section 14(2) of the Customs Act, 1962, amending tariff values for specified commodities effective July 1, 2025. The notification substituted existing tables in the principal notification No. 36/2001-Customs (N.T.) with revised tariff values for edible oils including crude palm oil ($1006/MT), RBD palmolein ($1047/MT), crude soya bean oil ($1095/MT), brass scrap ($5563/MT), gold ($1054/10 grams), silver ($1164/kg), and areca nuts ($6970/MT unchanged). The amendment exercises statutory powers to fix tariff values for customs valuation purposes, ensuring standardized assessment of import duties on these commodities.
The Central Board of Indirect Taxes & Customs issued Notification No. 44/2025-Customs (N.T.) under Section 14(2) of the Customs Act, 1962, amending tariff values for specified commodities effective July 1, 2025. The notification substituted existing tables in the principal notification No. 36/2001-Customs (N.T.) with revised tariff values for edible oils including crude palm oil ($1006/MT), RBD palmolein ($1047/MT), crude soya bean oil ($1095/MT), brass scrap ($5563/MT), gold ($1054/10 grams), silver ($1164/kg), and areca nuts ($6970/MT unchanged). The amendment exercises statutory powers to fix tariff values for customs valuation purposes, ensuring standardized assessment of import duties on these commodities.
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