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Income Tax - Highlights / Catch Notes

Home Highlights June 2012 Year 2012 This

Exemption under Section 10(48) - Notified Foreign oil Company ...

Income Tax

June 15, 2012

Exemption under Section 10(48) - Notified Foreign oil Company selling crude oil in India - Notification

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  1. Classification of leftover goods after manufacture - Residual Crude Petroleum Oil’ or ‘Reduced Crude Petroleum Oil’ - ‘Reduced Crude Oil’ was in fact crude oil -...

  2. Amendment of section 10. - Provides exemption in respect of any income of a foreign company on account of storage of crude oil in a facility in India and sale of crude...

  3. CBIC revises tariff values for various goods, including crude palm oil, RBD palm oil, crude soybean oil, and brass scrap, among others, with the changes taking effect...

  4. Raw grade palm oil would mean it is crude oil and merits classification under 15111000 and not under 15119090, as crude palm oil which is imported and declared as such - AT

  5. Change in Tariff Value of Crude Palm Oil, RBD Palm Oil, Others – Palm Oil, Crude Palmolein, RBD Palmolein, Others – Palmolein, Crude Soyabean Oil, Brass Scrap (All...

  6. Notification No. 28/2024-Customs (N.T.) retains the tariff values for crude palm oil, RBD palm oil, others – palm oil, crude palmolein, RBD palmolein, others –...

  7. The DGFT issued Notification No. 80/2023, amending the policy condition for the export of crude oil under HS Code 2709 00 10. The amendment exempts AMI (ADNOC Marketing...

  8. Classification - Residual Crude Petroleum Oil (RCPO)/ Residual Fuel Oil (RFO) / Residual Bottom Oil (RBO) - demands classifying the item as fuel oil 27101950 dropped - AT

  9. Concessional rate of duty - import of Crude Palmolein (Edible Grade) - When the imported goods conform to the specific description under Ch 1511 10 00 as “crude Oil” and...

  10. Exemption from specified income U/s 10(46) – ‘Godavari River Management Board, Hyderabad’ notified - Notification

 

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