Co-operative society's mandatory reserve and share capital fixed deposits with banks-interest treated as business income under 80P(2)(a)(iii) deductio...
Income tax reassessment reopening after four years on investigation tip, without s.147 proviso disclosure failure, struck down as borrowed satisfactio...
Eight imported products intended for lithium-ion cell manufacture were classified under the Customs Tariff based on their essential character and HSN explanatory notes: hot-melt adhesive under 3506 91 90 (not 3506 10 00, as not retail-packed); electrolyte mixture under residuary 3824 99 00; graphite powder under 3801 10 00; lithium cobalt oxide under 2825 90 90; carbon black under 2803 00 10; NMP under 2933 79 10; ethylene carbonate under 2920 90 00; and boehmite under 2818 30 00. As all items were inputs/raw materials directly used in lithium-ion cell production, concessional BCD benefit was held available under Sr. No. 523A of Notification 50/2017-Cus and Sr. No. 314 of Notification 45/2025-Cus, subject to IGCR Rules, 2022 and end-use verification, with benefit ceasing after 31.03.2026. - AAR
Eight imported products intended for lithium-ion cell manufacture were classified under the Customs Tariff based on their essential character and HSN explanatory notes: hot-melt adhesive under 3506 91 90 (not 3506 10 00, as not retail-packed); electrolyte mixture under residuary 3824 99 00; graphite powder under 3801 10 00; lithium cobalt oxide under 2825 90 90; carbon black under 2803 00 10; NMP under 2933 79 10; ethylene carbonate under 2920 90 00; and boehmite under 2818 30 00. As all items were inputs/raw materials directly used in lithium-ion cell production, concessional BCD benefit was held available under Sr. No. 523A of Notification 50/2017-Cus and Sr. No. 314 of Notification 45/2025-Cus, subject to IGCR Rules, 2022 and end-use verification, with benefit ceasing after 31.03.2026. - AAR
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