Reversal of input tax credit in proportion to exempt supply: specificity of show-cause notice required; order set aside, fresh proceedings allowed wit...
Benami transaction and beneficial ownership: documentary and circumstantial evidence show payors were true beneficiaries, resulting in PBPTA consequen...
CBIC substitutes Tables 1-3 of the principal customs notification to fix and/ or maintain tariff values for specified imports: edible oils (various palm and soybean oil products), brass scrap, gold and silver in specified forms, and areca nut; the substitution prescribes the operative tariff values for each listed tariff item and takes effect from 25 February 2026. The amendment thereby updates the schedule of tariff values used for customs valuation and import assessment under the Customs Act, 1962 by replacing the prior tables with the new entries.
CBIC substitutes Tables 1-3 of the principal customs notification to fix and/ or maintain tariff values for specified imports: edible oils (various palm and soybean oil products), brass scrap, gold and silver in specified forms, and areca nut; the substitution prescribes the operative tariff values for each listed tariff item and takes effect from 25 February 2026. The amendment thereby updates the schedule of tariff values used for customs valuation and import assessment under the Customs Act, 1962 by replacing the prior tables with the new entries.
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