Revisional power in block assessment upheld, undisclosed search income sustained, freight suppression addition restored, accrued lorry hire liability ...
Reassessment and fee-for-technical-services classification: reopening upheld, but certain reimbursements and mobilization charges fell outside treaty ...
Section 80P deduction for co-operative societies remains available despite nominal members and housing society status, with limited interest income tr...
Basic customs duty is exempted, to the extent it exceeds nil, on specified imported chemicals, petrochemicals and polymer products listed in the notification, subject to the corresponding tariff classifications in the First Schedule to the Customs Tariff Act, 1975. The exemption covers items such as ammonia, toluene, styrene, methanol, MEG, PTA, polypropylene, PVC, PET chips, resins, polyurethanes and related polymers. The notification takes effect from 2 April 2026 and remains operative up to and including 30 June 2026.
Basic customs duty is exempted, to the extent it exceeds nil, on specified imported chemicals, petrochemicals and polymer products listed in the notification, subject to the corresponding tariff classifications in the First Schedule to the Customs Tariff Act, 1975. The exemption covers items such as ammonia, toluene, styrene, methanol, MEG, PTA, polypropylene, PVC, PET chips, resins, polyurethanes and related polymers. The notification takes effect from 2 April 2026 and remains operative up to and including 30 June 2026.
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