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September 19, 2026
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Tariff treatment of Indian exports shifted from reciprocal duties to targeted trade measures, sectoral duties, and specified exemptions.
Upon expiry of the temporary global measure, an India-targeted 10 per cent Section 301 tariff, linked to forced-labour concerns, replaced it; the effective charge for most covered exports remained MFN duty plus 10 per cent. The current regime applies the Section 301 tariff to Indian exports except specified goods, with separate sectoral duties on steel, aluminium and auto components. Smartphones, medicines and energy products are exempt.
September 19, 2026
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Free trade agreements expand market access, entrepreneurial partnerships and youth career opportunities alongside public-sector recruitment and development participation.
Free Trade Agreements are presented as mechanisms for expanding cross-border partnerships, market access for entrepreneurs, and career opportunities for young persons. Youth employment is also linked to the expansion of the startup ecosystem beyond major cities and to public-sector recruitment through Rozgar Melas. Newly selected candidates are to join central government ministries, departments and organisations. Public service is framed around citizen-centred administration and decisions supporting a developed and self-reliant India.
September 19, 2026
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Recurring token reward distributions connect eligible holdings, platform activity, and partner participation through hourly settlement cycles.
BC Engine permits eligible $BC holdings to participate in hourly settlement rounds distributing BCD rewards. Participants can monitor active balances, cumulative rewards, unclaimed BCD, and settlement history through the Engine interface. Settlement amounts vary with ecosystem activity, while the mechanism links platform activity, token utility, user participation, and commercial partners through repeated value distribution rather than one-time promotional incentives.
September 18, 2026
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Bulk sugar stockholding limits now allow expanded inventories only where additional supplies derive from designated import channels.
Bulk sugar consumers using more than 10 tonnes monthly as a raw material may hold up to 30 days' requirement instead of 15 days. Holdings above 15 days must consist exclusively of sugar imported under the Tariff Rate Quota or Advance Authorisation Scheme; sugar obtained from the open market remains restricted to 15 days' consumption. Bulk consumers must declare and disclose their sugar inventories every Friday through the food ministry's online portal.
September 18, 2026
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Customs cooperation and trade facilitation advance electronic origin verification, pre-arrival information exchange, and safeguards against preferential trade misuse.
Customs cooperation and trade facilitation measures included pre-arrival information exchange, electronic verification of Certificates of Origin, and Customs automation and digitalisation. These measures are directed at facilitating legitimate trade while ensuring compliance with applicable rules and preventing misuse of preferential trade arrangements. Rail and road connectivity, freight movement, Integrated Check Posts and land-port infrastructure were reviewed to improve infrastructure utilisation and address operational bottlenecks affecting bilateral and transit trade.
September 18, 2026
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Duty-free market access will cover all covered exports upon entry into force under the bilateral free trade agreement.
Upon entry into force, the India-New Zealand Free Trade Agreement grants duty-free access in New Zealand for 100 per cent of Indian exports, including textiles and apparel, leather and footwear, engineering goods, pharmaceuticals, agriculture, and processed food products. It also provides enhanced preferential access to the Indian market for specified New Zealand exports. The Agreement further covers services, investment, professional, student and youth mobility, and cooperation in agricultural productivity, pharmaceuticals and medical devices, traditional medicine and AYUSH, technology, and trade facilitation.
September 17, 2026
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Sanctions bill permits punitive tariffs on oil and gas trading partners, raising energy-market and bilateral relationship concerns.
United States sanctions bill concerning Russia would authorize the President to impose sanctions on Russia and punitive tariffs of up to 100 per cent on nations importing Russian crude oil. The tariff mechanism may affect oil and gas trading partners, bilateral relations and global energy markets, with concern expressed over its implications for energy trade.
September 17, 2026
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Secondary sanctions on Russian energy trade could expose major crude importers to punitive tariffs and economic pressure.
Congressional legislation targeting Russia and Iran would authorise sanctions against Russia's leadership, energy sector, and vessels facilitating evasion of oil-delivery restrictions. It would also permit punitive tariffs of up to 100 per cent on leading trading partners continuing to import Russian oil and gas. India has identified possible effects on bilateral economic relations and the international energy market, while maintaining that diversified sourcing is necessary for energy security and that its trade and economic interests will be protected.
September 17, 2026
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Deep-sea fishing access supports export-oriented harvesting of high-value species, with foreign-port high-seas landings recognised as exports.
Deep-sea fishing policy promotes expansion of fishing operations within India's Exclusive Economic Zone (EEZ) and on the high seas to increase fisherfolk income through exports of high-value species. High-seas catch classification has been altered so that fish caught on the high seas and offloaded at a foreign port are treated as exports rather than imports.
September 17, 2026
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Buyer-seller engagement supports sourcing and export-market opportunities for tools and hardware businesses through an international trade fair.
International Hardware Fair India 2026 is scheduled for 23-25 October 2026 at Bharat Mandapam, New Delhi, as a trade platform for the tools and hardware sector. Organised by Koelnmesse in association with the Federation of Indian Export Organisations, it is intended to facilitate product discovery, sourcing activity and exploration of domestic and international markets. Its Reverse Buyer-Seller Meet will bring hosted international buyers together with Indian manufacturers and suppliers for direct discussions on product presentations, buyer requirements and export-market opportunities.
September 17, 2026
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Gulfood partnership expands market access for food exporters through global buyer engagement and broader inclusion of emerging enterprises.
APEDA and InD Events Dubai have entered into a memorandum of understanding to support India's participation as Official Partner Country at Gulfood 2027. The partnership is directed at increasing global visibility for India's agricultural and processed food products, connecting Indian exporters with international buyers, and expanding market-access and business-engagement opportunities. Participation will bring together exporters, farmer producer organisations, MSMEs, startups, commodity boards and government institutions through product showcases, curated business-to-business meetings, conferences and industry engagements.
September 16, 2026
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Raw-material security and import-duty reform are urged to strengthen ferro-alloy competitiveness amid expanding steel demand.
Ferro-alloy competitiveness depends on raw-material security, commercially viable domestic mineral access and lower input costs as steel demand expands. Faster exploration and development of manganese, chrome and other critical minerals, supported by mine-auction frameworks that encourage operational production, can reduce import dependence. Measures sought include zero import duties on unavailable-grade raw materials for noble alloys, competitive electricity costs and rationalised electricity levies. Cleaner energy, efficient furnaces, automation and improved raw-material utilisation are also necessary to reduce costs and emissions.
September 16, 2026
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Free trade agreement tariff liberalisation expands market access through phased concessions, services mobility pathways, safeguards, and investment commitments.
The free trade agreement grants duty-free access across all New Zealand tariff lines for Indian exports and provides Indian tariff liberalisation for a substantial share of New Zealand goods, while preserving exclusions for sensitive dairy, agricultural, industrial and other specified products. It provides duty-free entry, phased levy reductions, and quota-based concessions with minimum import price and other safeguards for identified goods. New Zealand also commits market access for Indian service suppliers and establishes skilled-employment, student-mobility and post-study work visa pathways.
September 16, 2026
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RCMC exemption for eligible small-value exports reduces upfront registration requirements while preserving compliance for larger consignments.
RCMC or Certificate of Registration is not required, wherever otherwise mandated under the Foreign Trade Policy, 2023, for export consignments with a Free-on-Board value of up to Rs. 3 lakh. Export consignments exceeding that threshold continue to require a valid RCMC or Certificate of Registration wherever applicable. The exemption reduces the initial registration burden for MSMEs, artisans, small businesses, first-time exporters and occasional exporters undertaking eligible small-value exports, including through Postal, Courier, e-commerce and other emerging channels.
September 16, 2026
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Trade performance estimates show merchandise and services exports increasing while imports rise, widening the cumulative trade deficit.
External trade estimates for April-August 2026-27 show combined merchandise and services exports of US$399.27 billion and imports of US$459.65 billion, with a trade deficit of US$60.38 billion. Merchandise exports reached US$215.91 billion, while services exports were estimated at US$183.36 billion. Non-petroleum exports increased to US$180.61 billion. Growth in August merchandise exports was driven by electronic goods, petroleum products, engineering goods, chemicals, and cotton yarn, fabrics, made-ups and handloom products. Services-sector figures for August were estimated using data available through July.
September 15, 2026
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Special economic zone approval enables a silicon carbide semiconductor facility operating under an export-oriented technology investment framework.
Approval for a special economic zone-linked silicon carbide semiconductor manufacturing unit permits establishment of a facility under the jurisdiction of Falta Special Economic Zone. The unit is proposed to manufacture silicon carbide diodes and silicon carbide MOSFETs. Project financing combines government capital subsidies and promoter contribution, while the facility is projected to support export-oriented advanced semiconductor manufacturing, domestic capabilities, and technology-driven capital investment.
September 15, 2026
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Merchandise trade performance reflects strong export momentum, import-led deficit pressures, and expanded services trade during August.
Merchandise exports increased by 26.12 per cent year-on-year to USD 43.81 billion in August, led by electronics, engineering goods and petroleum products. Merchandise imports rose 14.1 per cent to USD 70.76 billion, driven by crude oil, project goods, electronic items, silver, coal and coke. Gold imports declined substantially, contributing to a five-month low merchandise trade deficit. During April-August 2026-27, higher imports reflected domestic economic expansion, energy requirements and manufacturing-sector input needs.
September 15, 2026
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Export expansion and domestic manufacturing guide JCB India's strategy through broader equipment offerings, fuel efficiency, and operator comfort.
JCB India targets 15-20 per cent export growth during the current financial year and plans a similar increase in annual production. Its export operations cover approximately 135 countries, including Southeast Asia, Africa and developed markets. The company's construction and earthmoving equipment portfolio is designed, engineered and manufactured in India for domestic and international customers, with product development focused on fuel efficiency, operator ergonomics, comfort and productivity.
September 15, 2026
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Merchandise export growth driven by petroleum products coincided with lower gold imports and a narrowing trade deficit.
Merchandise exports increased sharply in August, led by petroleum product shipments, while imports also rose year-on-year. Reduced gold imports contributed to a narrower merchandise trade deficit. During the first five months of the fiscal year, the cumulative deficit widened as higher imports reflected domestic expansion, energy requirements and manufacturing-input demand. Energy commodities and electronic goods were principal contributors to the deficit, while export growth was supported by engineering goods, petroleum products, chemicals and textiles.
September 15, 2026
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Commercial-vehicle safety readiness and connected fleet support underpin expanded regional operations, automated transmission adoption, and localized manufacturing investment.
BharatBenz's product transformation is directed toward safer, more productive and efficient commercial transport. The truck and bus portfolio is being prepared with Advanced Driver Assistance Systems calibrated to Indian operating conditions in advance of evolving safety requirements. Automated Manual Transmission technology is being expanded to improve driver comfort, reduce fatigue, support fleet safety and efficiency, and lower total cost of ownership. Customer support combines connected fleet technology, service assurance, parts availability and service-network expansion.

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Customs & Trade

DICV Expands Regional Role as India Anchors New ISEAA Customer Region

September 15, 2026

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• At IAA Transportation 2026, Daimler India Commercial Vehicles highlights India's expanded role within Daimler Truck and outlines the next phase of BharatBenz growth through product transformation, customer ecosystem expansion and continued investment.

• Announcement reaffirms DICV's additional ₹ 4,000 crore investment, taking cumulative investment in India to more than ₹ 14,500 crore, while advancing next-generation active safety technologies and expanding AMT-equipped BharatBenz models across its portfolio.

CHENNAI, India, Sept. 15, 2026 /PRNewswire/ -- Daimler India Commercial Vehicles (DICV), the maker of BharatBenz trucks and buses, today highlighted India's growing strategic importance within Daimler Truck following the establishment of the Mercedes-Benz Trucks segment's ISEAA (India, South-East Asia and Australia-Pacific) customer region. DICV also outlined the next phase of BharatBenz's growth through product innovation, customer ecosystem expansion and continued investment in India.

Mercedes-Benz Trucks, one of Daimler Truck's global key segments*, is home to two brands: Mercedes-Benz Trucks and BharatBenz. While BharatBenz serves customers in India through Daimler India Commercial Vehicles (DICV), the Mercedes-Benz Trucks brand serves customers across South-East Asia and Australia-Pacific, as well as other global markets.

As part of its new global operating model, Mercedes-Benz Trucks segment is organized into four customer regions: Europe, LAMEA (Latin America, Middle East and Africa), China, and ISEAA (India, South-East Asia and Australia-Pacific). The ISEAA region brings together markets that were previously managed separately under a single customer-focused structure, serving customers through BharatBenz in India and Mercedes-Benz Trucks across South-East Asia and Australia-Pacific.

India's Expanded Regional Role DICV serves as the anchor entity for the ISEAA customer region. The structure places India at the center of a regional framework spanning India, South-East Asia and Australia-Pacific, reflecting DICV's growing role as a manufacturing, engineering and export hub within Daimler Truck. Since commencing operations, DICV has exported more than 75,000 trucks and buses and over 330 million parts to over 70 markets worldwide and supplies medium-duty transmissions from its Chennai facility to Daimler Truck plants in Germany.

The ISEAA customer region spans 42 countries and nearly 2.8 billion people, bringing together some of the most dynamic transportation and infrastructure markets globally. With commercial vehicle demand across the region expected to grow by more than 5% annually, ISEAA represents a significant long-term growth opportunity for Mercedes-Benz Trucks. The regional structure enables closer customer engagement, faster decision-making and stronger collaboration across markets.

Torsten Schmidt, CEO & Managing Director, Daimler India Commercial Vehicles and President Mercedes-Benz Trucks Customer Region ISEAA, said: "India has long been an important market for Daimler Truck and the home of BharatBenz. Through the new ISEAA customer region, we are bringing India, South-East Asia and Australia-Pacific closer together to strengthen collaboration, share capabilities and respond faster to customer needs across these markets. DICV serves as the anchor entity for the region, building on its established strengths in manufacturing, engineering and exports. For our customers in India, BharatBenz remains focused on delivering products and services designed specifically for local operating conditions, while benefiting from the scale, expertise and collaboration of the broader Mercedes-Benz Trucks segment." BharatBenz Enabling India's Growth Through Products and Customer Support Alongside its expanded regional role, DICV is accelerating the next phase of BharatBenz's product transformation journey, focused on delivering safer, more productive and more efficient transport solutions for customers. As India's safety regulations evolve, BharatBenz is preparing its truck and bus portfolio with Advanced Driver Assistance Systems (ADAS) calibrated for Indian operating conditions, ensuring readiness ahead of upcoming regulatory requirements while enhancing on-road safety.

Building on the successful introduction of HX and Torqshift in the construction and mining segment, BharatBenz continues to bring globally proven Daimler Truck technologies to Indian customers across its portfolio. Proven in hundreds of thousands of Daimler Truck heavy-duty vehicles worldwide and adapted for Indian duty cycles, Torqshift Automated Manual Transmission (AMT) technology enhances driver comfort, reduces fatigue and supports safer, more efficient fleet operations while contributing to a lower Total Cost of Ownership (TCO). As fleet operators increasingly prioritize productivity, driver wellbeing and operational efficiency, DICV sees significant potential for the broader adoption of automated transmission technologies in the Indian commercial vehicle market.

Strengthening the Customer Ecosystem DICV continues to invest in a customer ecosystem designed to maximize uptime, productivity and lifecycle value. BharatBenz's digital fleet management solution, TruckConnect, enables customers to monitor vehicle performance, enhance operational efficiency and improve fleet management through connected technologies and data-driven insights.

The BharatBenz Rakshana service assurance program now services and delivers more than 98% of vehicles within 48 hours. To further strengthen customer support across the country, DICV plans to expand its nationwide service network from 430 touchpoints today to 600 touchpoints by 2030, with a particular focus on strengthening coverage across northern, eastern and north-eastern India. The expanded network, combined with enhanced digital solutions, improved parts availability and uptime-focused services, will help bring support closer to customers, reduce response times and further enhance the overall BharatBenz customer service experience.

Investing in India's Next Phase of Growth India's expanded role within Daimler Truck's global operations is supported by continued investment in local manufacturing, engineering and technology capabilities. These initiatives build on DICV's recently announced additional investment of approximately ₹4,000 crore in Tamil Nadu as part of a non-binding facilitation MoU with the Government of Tamil Nadu. The commitment takes DICV's cumulative investment in India to more than ₹14,500 crore and is aimed at strengthening manufacturing capacity, R&D infrastructure, future technologies and long-term competitiveness for BharatBenz.

Today, DICV operates with 92% localization and is supported by more than 400 local suppliers, reinforcing its contribution to India's manufacturing ecosystem while strengthening the company's ability to develop products and technologies tailored for Indian and global markets.

For further information: https://dicv.daimlertruck.com/ and https://www.bharatbenz.com/ Daimler Truck at a Glance Daimler Truck is one of the world's leading commercial vehicle manufacturers, operating 35 main locations and employing around 100,000 people worldwide. With 130 years of heritage — dating back to the invention of the first trucks and buses — Daimler Truck is committed to a clear purpose: For all who keep the world moving. Together with its global partners, the company is shaping the future of transportation with the ambition to be the industry's leading truck and bus manufacturer. Daimler Truck focuses on delivering sustainable, regulation compliant transport solutions that enable our customers to succeed in their respective markets. The company operates through four key segments*: Trucks North America (Freightliner, Western Star, Thomas Built Buses), Mercedes-Benz Trucks (including BharatBenz), Daimler Buses (Mercedes Benz and Setra) and Daimler Truck Financial Services. Daimler Truck's portfolio includes light-, medium-, and heavy- duty trucks for long haul, distribution, construction, vocational and defense applications. In the bus segment, the company offers city buses, school buses, coaches and bus chassis. In addition to vehicle sales, Daimler Truck also offers financing products, after-sales services, digital and connectivity solutions.

Mercedes-Benz Trucks at a Glance Mercedes-Benz Trucks, a business unit of Daimler Truck AG, is responsible for the global activities of the Mercedes-Benz and BharatBenz brands under the leadership of Achim Puchert. The Mercedes-Benz Trucks product range extends from heavy-duty long-haul trucks and 8-ton trucks for urban distribution to trucks for special applications. Mercedes-Benz Trucks has its own international sales and service network, which is constantly being developed. The BharatBenz brand's product range includes heavy and medium-duty trucks as well as buses and is specifically aimed at customers in the Indian market. BharatBenz also has a close-knit service network. The Mercedes-Benz Trucks segment operates production facilities around the globe, some of which are accompanied by test and development sites. In addition, there are further production facilities operated with partners in various countries. The Global Parts Center in Halberstadt, Saxony-Anhalt, which was inaugurated in July 2025, will control the entire spare parts supply for Mercedes-Benz trucks in the future.

Daimler India Commercial Vehicles at a Glance Daimler India Commercial Vehicles Pvt. Ltd. (DICV), a wholly owned subsidiary of Daimler Truck AG, is the maker of BharatBenz trucks and buses in India. Established in 2009, DICV serves the Indian commercial vehicle market while also contributing as a manufacturing, engineering and export hub for Daimler Truck's global operations. BharatBenz was commercially launched in 2012, offering trucks across the 10-55 tonne range and buses for school, staff and intercity applications. Since launch, more than 230,000 BharatBenz trucks and buses have been delivered to customers across India. DICV operates a 400-acre integrated manufacturing and R&D facility at Oragadam near Chennai and is supported by more than 4,000 employees, over 400 suppliers and more than 430 dealer and service touchpoints nationwide. DICV also contributes to Daimler Truck's global footprint through exports of vehicles and parts to more than 70 markets worldwide, including exports of more than 75,000 trucks and buses and over 330 million parts.

As the anchor entity for the ISEAA (India, South-East Asia and Australia-Pacific) customer region within the Mercedes-Benz Trucks Segment, DICV supports closer regional collaboration while continuing to advance BharatBenz's focus on safety, productivity, customer uptime and future-ready mobility solutions for India's commercial transportation ecosystem.

Media Contact: Shina Satyapal: [email protected] Bhargav T S: [email protected] Amudhini M V: [email protected] Ravi Shankar: [email protected] (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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