Penalty on exchange vacated for lack of evidence that exchange authorized subsidiaries' investments; Regulations 43(1) 2012 and 38(2) 2018 inapplicabl...
Petitioner not an eligible assessee under s.144C(15)(b); draft and final assessments under s.144C(1)/s.143(3)/s.144B quashed and penalty show-cause no...
The Central Government, exercising powers under the Customs Act, 1962 and the Customs Tariff Act, 1975, amends Notification No. 50/2017-Customs to substitute "18%" in column (5) against S. No. 404, thereby increasing the duty rate to 18% for the specified goods when imported by the specified person in connection with petroleum operations or coal bed methane operations under the relevant policy; the amendment takes effect on 22 September 2025.
The Central Government, exercising powers under the Customs Act, 1962 and the Customs Tariff Act, 1975, amends Notification No. 50/2017-Customs to substitute "18%" in column (5) against S. No. 404, thereby increasing the duty rate to 18% for the specified goods when imported by the specified person in connection with petroleum operations or coal bed methane operations under the relevant policy; the amendment takes effect on 22 September 2025.
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