Proportionate interest, unexplained credits and partner remuneration disputed; proofs of fund nexus and lender identity were decisive and disallowance...
Capital gains valuation from stamp assessment versus net consideration for residential reinvestment: deemed stamp value replaced for gains but not for...
Superseding the earlier 2019 exemption notification, specified excisable tobacco products in the Fourth Schedule to the Central Excise Act, 1944 are exempted from so much of the duty of excise as exceeds the rates prescribed in the table for each relevant tariff heading/subheading/item, including tobacco (2401), cigarettes and tobacco substitutes (2402) with length-wise per-thousand rates and, in some cases, ad valorem-or-specific higher-of formulations, and other manufactured tobacco products including hukkah tobacco, smoking mixtures, reconstituted tobacco, chewing tobacco preparations, snuff preparations, extracts/essences, cut-tobacco, gutkha, and specified products under 2404 at stated ad valorem rates. The operative consequence is that, from 1 February 2026, duty is capped at the specified rate for each covered item.
Superseding the earlier 2019 exemption notification, specified excisable tobacco products in the Fourth Schedule to the Central Excise Act, 1944 are exempted from so much of the duty of excise as exceeds the rates prescribed in the table for each relevant tariff heading/subheading/item, including tobacco (2401), cigarettes and tobacco substitutes (2402) with length-wise per-thousand rates and, in some cases, ad valorem-or-specific higher-of formulations, and other manufactured tobacco products including hukkah tobacco, smoking mixtures, reconstituted tobacco, chewing tobacco preparations, snuff preparations, extracts/essences, cut-tobacco, gutkha, and specified products under 2404 at stated ad valorem rates. The operative consequence is that, from 1 February 2026, duty is capped at the specified rate for each covered item.
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