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 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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