Tax authority's substitution of projected figures with actuals overturned; original acquisition valuation upheld; transfer pricing issues remitted for...
Beneficial owner held liable for differential customs duty; royalties added under Rule 10(1)(c); confiscation, penalties under s.111(m), s.114A, s.112...
The government amends two customs notifications: cane molasses (HS 1703 10 00) is added to the exemption schedule, making its export duty nil; and crude olive pomace oil (HS 1510 10 00) is inserted into the import duty schedule with a 15% customs duty, alongside a revision substituting certain vegetable oil tariff lines in an existing entry. The amendments take effect by modification of the respective earlier notifications under the Customs Act authority and adjust the tariff treatment for these specific commodities.
The government amends two customs notifications: cane molasses (HS 1703 10 00) is added to the exemption schedule, making its export duty nil; and crude olive pomace oil (HS 1510 10 00) is inserted into the import duty schedule with a 15% customs duty, alongside a revision substituting certain vegetable oil tariff lines in an existing entry. The amendments take effect by modification of the respective earlier notifications under the Customs Act authority and adjust the tariff treatment for these specific commodities.
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