ESOP expenditure allowed as FMV difference; long-term capital gain issue sent back for collector rate determination; deferred income additions disallo...
Appeal allowed; impugned order quashed as regulator failed to prove nexus or manipulative scheme; sale genuine - s.12A(a)-(c), Regs 3(a)-(d),4(1),4(2)...
Appellant's ring-back tone service held OIDAR, taxable domestically for 01.07.2012-31.07.2016; liability confirmed, penalties vacated, remanded for re...
The central government amended the ITC (HS) 2022 Schedule-I (Import Policy) to align with the Finance Act, 2025, issuing a notification that revises section and chapter notes, product descriptions and numerous tariff codes (inserted, deleted, split, merged or re-classified) with immediate effect. A new policy condition requires pesticides to have registration from the Central Insecticides Board & Registration Committee and not be prohibited under the Insecticides Act, 1968. Detailed lists and supplementary notes are annexed; customs and trade officers are directed to take requisite action and report any implementation difficulties to the Board.
The central government amended the ITC (HS) 2022 Schedule-I (Import Policy) to align with the Finance Act, 2025, issuing a notification that revises section and chapter notes, product descriptions and numerous tariff codes (inserted, deleted, split, merged or re-classified) with immediate effect. A new policy condition requires pesticides to have registration from the Central Insecticides Board & Registration Committee and not be prohibited under the Insecticides Act, 1968. Detailed lists and supplementary notes are annexed; customs and trade officers are directed to take requisite action and report any implementation difficulties to the Board.
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