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 central government has amended the import policy for ITC (HS) code 71131921 (unstudded platinum articles of jewellery) changing its classification from "Free" to "Restricted," effective immediately until 30 April 2026. The amendment is made under powers granted by the Foreign Trade (Development & Regulation) Act, 1992, and relevant provisions of the Foreign Trade Policy 2023, and is issued with ministerial approval by the Department of Commerce/Directorate General responsible for foreign trade.
The central government has amended the import policy for ITC (HS) code 71131921 (unstudded platinum articles of jewellery) changing its classification from "Free" to "Restricted," effective immediately until 30 April 2026. The amendment is made under powers granted by the Foreign Trade (Development & Regulation) Act, 1992, and relevant provisions of the Foreign Trade Policy 2023, and is issued with ministerial approval by the Department of Commerce/Directorate General responsible for foreign trade.
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