Interest on Wrongful Input Tax Credit is mandatory where excess transitional credit was retained and later reversed, and related objections were rejec...
Reopening Assessments invalid where satisfaction and jurisdictional approval are absent for third party seized material, leading to quashing of assess...
Tariff values under the Customs Act are revised for specified imported goods by substituting the tables in the principal customs notification. The updated values cover edible oils and palmolein varieties, brass scrap, gold and silver in specified forms, and areca nuts, with defined tariff values applying to the listed headings and conditions. For gold and silver, the notification also preserves separate treatment for goods imported under the identified entries and for certain forms excluded from those entries. The revised tariff values take effect from 31 March 2026.
Tariff values under the Customs Act are revised for specified imported goods by substituting the tables in the principal customs notification. The updated values cover edible oils and palmolein varieties, brass scrap, gold and silver in specified forms, and areca nuts, with defined tariff values applying to the listed headings and conditions. For gold and silver, the notification also preserves separate treatment for goods imported under the identified entries and for certain forms excluded from those entries. The revised tariff values take effect from 31 March 2026.
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