Consultancy fees claimed as business expense-can tax disallowance rest on survey suspicion despite invoices, contracts and bank trail? Appeal dismisse...
Notification amends Notification No. 41/2025-Customs by substituting revised TABLE I and TABLE II prescribing updated tariff concessions for specified goods under the India-EFTA trade arrangement (Switzerland). The substituted tables revise the applicable Basic Customs Duty (BCD) rates and, where specified, Agriculture Infrastructure and Development Cess (AIDC) and health cess rates, including value-based rate distinctions for certain alcoholic beverages by reference to CIF value per 750 ml bottle. The amended concessional duty structure applies to imports of the listed tariff items in accordance with the revised schedules, and takes effect from 1 January 2026.
Notification amends Notification No. 41/2025-Customs by substituting revised TABLE I and TABLE II prescribing updated tariff concessions for specified goods under the India-EFTA trade arrangement (Switzerland). The substituted tables revise the applicable Basic Customs Duty (BCD) rates and, where specified, Agriculture Infrastructure and Development Cess (AIDC) and health cess rates, including value-based rate distinctions for certain alcoholic beverages by reference to CIF value per 750 ml bottle. The amended concessional duty structure applies to imports of the listed tariff items in accordance with the revised schedules, and takes effect from 1 January 2026.
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