Tax deduction compliance and payee income recognition govern consultancy disallowance, while no exempt income prevents related expenditure disallowanc...
Derivative abetment liability fails when correctly declared imported components establish no underlying improper importation by the principal importer...
Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return filing...
Import policy for silver bars under ITC(HS) codes 71069221 and 71069229 is amended from "Free" to "Restricted" with immediate effect. The revised policy applies to bars containing 99.9% or more silver and other silver bars, and import is now subject to Policy Condition No. 7 of Chapter 71 of ITC(HS) 2022, Schedule I. The notification also replaces the earlier RBI-regulated free import treatment for these items, thereby tightening the import control regime for specified silver bar classifications.
Import policy for silver bars under ITC(HS) codes 71069221 and 71069229 is amended from "Free" to "Restricted" with immediate effect. The revised policy applies to bars containing 99.9% or more silver and other silver bars, and import is now subject to Policy Condition No. 7 of Chapter 71 of ITC(HS) 2022, Schedule I. The notification also replaces the earlier RBI-regulated free import treatment for these items, thereby tightening the import control regime for specified silver bar classifications.
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