Can anyone help me with a query in Custom Act?
Referring to the Baggage Rules 2016, Annexure 1, What shall be the interpretation of "Alcoholic liquor or wine in excess of 2 litres",if a passenger brings 3 litres of wine what shall be taxable- whole 3 litres or 1 litre which is in excess to 2 litres? Please quote a case law,if any.
Thanks.
Menu
CUSTOM ACT
Replies (1)
2 Litres will be included in the calculation of GFA and the balance 1 litre is liable to customs duty fully.
Recent Topic
- AIS UTILITY
- NPS Premature withdrawl -Tier 1 Account
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
Related Topics
CAclubindia
