![FinMin Revises Customs Tariff Values for Crude Palm Oil, Precious Metals and Other Key Imports [Read Notification]](https://images.taxscan.in/h-upload/2025/10/16/500x300_2097210-finmin-customs-tariff-customs-tariff-values-crude-palm-oil-taxscan.webp "FinMin Revises Customs Tariff Values for Crude Palm Oil, Precious Metals and Other Key Imports [Read Notification]")
FinMin Revises Customs Tariff Values for Crude Palm Oil, Precious Metals and Other Key Imports [Read Notification]
The Central Board of Indirect Taxes and Customs (CBIC), under the Ministry of Finance, issued Notification No. 65/2025-Customs (N.T.) dated October...
![Finance Ministry notifies Customs Tariff Value of Oil, Gold, Silver and Areca nuts [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/09/Finance-Ministry-CBIC-Customs-tariff-update-CBIC-notification-on-gold-CBIC-notification-taxscan.jpg "Finance Ministry notifies Customs Tariff Value of Oil, Gold, Silver and Areca nuts [Read Notification]")
![Govt updates Customs Tariff Value of Palm Oil, Gold, Silver and Areca Nuts w.e.f. 16th April 2024 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/04/CBIC-Ministry-of-Finance-Customs-Tariff-Value-update-Customs-updates-taxscan.jpg "Govt updates Customs Tariff Value of Palm Oil, Gold, Silver and Areca Nuts w.e.f. 16th April 2024 [Read Notification]")
Allowability of expenditure u/s 40A(2) for the transfer pricing made in respect of specified domestic transaction not sustainable: ITAT directs Re-Adjudication [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that provisions of Section 40A (2) of the IT act governs the allowability of expenditure, thus the assessment of AO unsustainable. ...
![Allowability of expenditure u/s 40A(2) for the transfer pricing made in respect of specified domestic transaction not sustainable: ITAT directs Re-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Allowability-of-expenditure-transfer-pricing-respect-specified-domestic-transaction-sustainable-ITAT-Re-Adjudication-RAXSCAN-1.jpg "Allowability of expenditure u/s 40A(2) for the transfer pricing made in respect of specified domestic transaction not sustainable: ITAT directs Re-Adjudication [Read Order]")
CBIC notifies Latest Customs Tariff Value of Palm Oil, Gold, Silver and Areca Nuts w.e.f. 30th Sep 2023 [Read Notification]
The Central Government has amended the Customs Tariff Value of certain goods including Palm oil, gold, silver, areca nuts etc. vide notification no. 71/2023 S.O. 4256(E), published on 29th September...
![CBIC notifies Latest Customs Tariff Value of Palm Oil, Gold, Silver and Areca Nuts w.e.f. 30th Sep 2023 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/09/CBIC-notifies-Latest-Customs-Tariff-Value-Palm-Oil-Gold-Silver-Areca-Nuts-taxscan.jpg "CBIC notifies Latest Customs Tariff Value of Palm Oil, Gold, Silver and Areca Nuts w.e.f. 30th Sep 2023 [Read Notification]")
Import of Crude Oil granted before the effect of Notification on enhancement of Duty Rate: Calcutta HC quashes Enhanced Duty charged [Read Order]
The single judge bench of Calcutta High Court quashed the enhanced duty rate charged on the import of crude oil, as it was imported before the effect of notification on the enhancement of duty rate. ...
![Import of Crude Oil granted before the effect of Notification on enhancement of Duty Rate: Calcutta HC quashes Enhanced Duty charged [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Import-crude-oil-notification-duty-rate-HC-taxscan.jpeg "Import of Crude Oil granted before the effect of Notification on enhancement of Duty Rate: Calcutta HC quashes Enhanced Duty charged [Read Order]")
CBIC Extends Reduction of AIDC on Crude Soya, Sunflower and Palm Oils till September [Read Notification]
The Central Board of Indirect taxes and Customs (CBIC) has extended the reduction of Agriculture Infrastructure Development Cess (AIDC) on crude soya, sunflower and palm oils till 31.09.2022. The...
![CBIC Extends Reduction of AIDC on Crude Soya, Sunflower and Palm Oils till September [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/07/CBIC-AIDC-Crude-Soya-Sunflower-Palm-Oils-September-Taxscan.jpg "CBIC Extends Reduction of AIDC on Crude Soya, Sunflower and Palm Oils till September [Read Notification]")
No Automatic Immunity from Penalty to Co-Noticees that main Noticee has been settled: CESTAT [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), New Delhi held that there is no automatic immunity from Penalty for improper importation to co-noticees that main noticee has been...
![No Automatic Immunity from Penalty to Co-Noticees that main Noticee has been settled: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Compounding-Offence-CESTAT-Taxscan.jpg "No Automatic Immunity from Penalty to Co-Noticees that main Noticee has been settled: CESTAT [Read Order]")
Fatty Acid / Soap Stock produced during Manufacture of Refined Palm Oil is not liable to Excise Duty: CESTAT [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) on April 26th ordered that Fatty Acids/ Soap stock arising in the course of manufacture of refined palm oil is not liable to central...
![Fatty Acid / Soap Stock produced during Manufacture of Refined Palm Oil is not liable to Excise Duty: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Excise-Duty-Taxscan.jpg "Fatty Acid / Soap Stock produced during Manufacture of Refined Palm Oil is not liable to Excise Duty: CESTAT [Read Order]")
Import of Crude Palm Oil which is not used exclusively for manufacture of soap or Industrial Fatty Acid not eligible for exemption: SC [Read Judgment]
In a recent ruling, the division bench of Supreme Court observed that, Crude Palm Oil (non-edible grade) which is not used exclusively for manufacture of soap or Industrial Fatty Acid not eligible for...
