Condonation of Delay: directoral disputes and pending company proceedings can constitute reasonable cause, allowing a belated return to be treated as ...
Revisionary jurisdiction under section 263 upheld; faceless assessments subject to revision when AO fails requisite enquiries, remitted for fresh asse...
Limited scope of processing under section 143(1): enhancement without show cause is unsustainable; remand for residency, taxation and TDS verification...
Customs exemption and cess schedules for gold, silver, coins and other precious-metal goods are revised by amending Notifications 11/2018-Customs and 11/2021-Customs. The concessional entries are expanded to cover additional tariff headings, including 7107, 7109, 7111, 7112 and 7118, while certain entries are omitted or substituted. Social Welfare Surcharge rates are updated for specified precious-metal goods, including spent catalyst or ash containing precious metals, gold and silver findings, and goods covered by the relevant exemption notification, with separate rates or nil treatment as prescribed. The changes also impose procedural conditions for imported spent catalyst or ash, including an undertaking on precious-metal content and a Ministry of Environment certificate. The notification takes effect from 13 May 2026.
Customs exemption and cess schedules for gold, silver, coins and other precious-metal goods are revised by amending Notifications 11/2018-Customs and 11/2021-Customs. The concessional entries are expanded to cover additional tariff headings, including 7107, 7109, 7111, 7112 and 7118, while certain entries are omitted or substituted. Social Welfare Surcharge rates are updated for specified precious-metal goods, including spent catalyst or ash containing precious metals, gold and silver findings, and goods covered by the relevant exemption notification, with separate rates or nil treatment as prescribed. The changes also impose procedural conditions for imported spent catalyst or ash, including an undertaking on precious-metal content and a Ministry of Environment certificate. The notification takes effect from 13 May 2026.
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