Opportunity to furnish unsecured-loan confirmations is required before reassessment initiation; proceedings require fresh consideration after taxpayer...
Under-reporting on a first reassessment return attracts penalty, while enhanced misreporting penalty requires proof of a statutory misreporting catego...
The customs authority amended the tariff values for specified goods including edible oils, brass scrap, areca nuts, gold, and silver by substituting updated tables in the existing notification. The revised tariff values set specific rates per metric tonne or per unit for crude and refined palm oil, palmolein, soya bean oil, brass scrap, areca nuts, gold, and silver in various forms. These changes, effective from July 16, 2025, update the customs valuation for import duty calculation purposes under the Customs Act, 1962. The notification replaces previous tariff values to reflect current market conditions and applies to goods imported under specified tariff headings.
The customs authority amended the tariff values for specified goods including edible oils, brass scrap, areca nuts, gold, and silver by substituting updated tables in the existing notification. The revised tariff values set specific rates per metric tonne or per unit for crude and refined palm oil, palmolein, soya bean oil, brass scrap, areca nuts, gold, and silver in various forms. These changes, effective from July 16, 2025, update the customs valuation for import duty calculation purposes under the Customs Act, 1962. The notification replaces previous tariff values to reflect current market conditions and applies to goods imported under specified tariff headings.
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TaxTMI 
TaxTMI 
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