https://medha-academy.in/subjects/taxation/ Free Law of Taxation notes for LL.B. — the concept, nature and kinds of tax, direct vs indirect tax, tax vs fee/cess, tax evasion, avoidance and planning, the constitutional power of taxation (Article 265 and the federal base), GST (the 101st Amendment, dual CGST/SGST/IGST model, levy on supply, the GST Council, registration, input tax credit and exemptions), income tax (residential status and the heads of income — salaries, house property, business & profession, capital gains and other sources — clubbing, deductions, TDS, assessment and authorities), and customs law (officers, valuation, duty drawback, warehousing, baggage and SEZ units). Full topic notes, landmark cases and solved IRAC problems. Hugo en-us https://medha-academy.in/subjects/taxation/solved-problems/ Mon, 01 Jan 0001 00:00:00 +0000 https://medha-academy.in/subjects/taxation/solved-problems/ Ten Law of Taxation exam problems solved in the IRAC method — Issue, Rule, Analysis, Conclusion — with full model answers, spanning all five units. https://medha-academy.in/subjects/taxation/past-questions/ Mon, 01 Jan 0001 00:00:00 +0000 https://medha-academy.in/subjects/taxation/past-questions/ KSLU previous-year question papers for Law of Taxation — unit-wise and topic-wise questions and frequency. https://medha-academy.in/subjects/taxation/concept-nature-and-characteristics-of-tax-kinds-of-taxes/ Mon, 01 Jan 0001 00:00:00 +0000 https://medha-academy.in/subjects/taxation/concept-nature-and-characteristics-of-tax-kinds-of-taxes/ Free Law of Taxation LL.B. notes on Concept, Nature & Characteristics of Tax; Kinds of Taxes. A tax is money the State forces you to pay, under a law, to run the country — and you get no particular service back for it. That last part ('no service… https://medha-academy.in/subjects/taxation/direct-tax-vs-indirect-tax/ Mon, 01 Jan 0001 00:00:00 +0000 https://medha-academy.in/subjects/taxation/direct-tax-vs-indirect-tax/ Free Law of Taxation LL.B. notes on Direct Tax vs Indirect Tax. If you cannot pass the tax on to anyone else, it is direct (income tax). If it hides in the price and the buyer really pays it, it is indirect (GST, customs). https://medha-academy.in/subjects/taxation/tax-vs-fee-tax-vs-cess-compensatory-regulatory-tax/ Mon, 01 Jan 0001 00:00:00 +0000 https://medha-academy.in/subjects/taxation/tax-vs-fee-tax-vs-cess-compensatory-regulatory-tax/ Free Law of Taxation LL.B. notes on Tax vs Fee; Tax vs Cess; Compensatory/Regulatory Tax. Tax = pay, get nothing specific back. Fee = pay, get a specific service back (and the charge roughly matches its cost). Cess = a tax, but locked to one purpose… https://medha-academy.in/subjects/taxation/tax-evasion-tax-avoidance-and-tax-planning-retrospective-taxation/ Mon, 01 Jan 0001 00:00:00 +0000 https://medha-academy.in/subjects/taxation/tax-evasion-tax-avoidance-and-tax-planning-retrospective-taxation/ Free Law of Taxation LL.B. notes on Tax Evasion, Tax Avoidance & Tax Planning; Retrospective Taxation. Evasion is cheating (illegal). Avoidance is using loopholes (legal on paper, frowned upon). Planning is using the discounts the law gives you… https://medha-academy.in/subjects/taxation/power-of-taxation-under-the-constitution-art-265-the-federal-base/ Mon, 01 Jan 0001 00:00:00 +0000 https://medha-academy.in/subjects/taxation/power-of-taxation-under-the-constitution-art-265-the-federal-base/ Free Law of Taxation LL.B. notes on Power of Taxation under the Constitution (Art. 265; the Federal Base). No law, no tax (Art. 265). And even with a law, only the right legislature can pass it — the Constitution's lists say who taxes what.… https://medha-academy.in/subjects/taxation/immunity-of-state-agencies-fundamental-rights-and-the-power-of-taxation/ Mon, 01 Jan 0001 00:00:00 +0000 https://medha-academy.in/subjects/taxation/immunity-of-state-agencies-fundamental-rights-and-the-power-of-taxation/ Free Law of Taxation LL.B. notes on Immunity of State Agencies; Fundamental Rights & the Power of Taxation. The Union and the States generally cannot tax each other's property (Arts. 285 & 289) — but if a State runs a business, the Union can tax… https://medha-academy.in/subjects/taxation/commerce-clause-inter-state-commerce-and-taxation/ Mon, 01 Jan 0001 00:00:00 +0000 https://medha-academy.in/subjects/taxation/commerce-clause-inter-state-commerce-and-taxation/ Free Law of Taxation LL.B. notes on Commerce Clause; Inter-State Commerce and Taxation. Goods should move freely across India (Art. 301). A State may still tax goods from other States, but only if it taxes its own goods the same way — no favouring… https://medha-academy.in/subjects/taxation/delegation-of-taxing-power-centre-state-tax-relations/ Mon, 01 Jan 0001 00:00:00 +0000 https://medha-academy.in/subjects/taxation/delegation-of-taxing-power-centre-state-tax-relations/ Free Law of Taxation LL.B. notes on Delegation of Taxing Power; Centre-State Tax Relations. A legislature can let the government or a municipality fix the exact rate and run the machinery of a tax — but it must first decide what is taxed, who pays,… https://medha-academy.in/subjects/taxation/finance-commission/ Mon, 01 Jan 0001 00:00:00 +0000 https://medha-academy.in/subjects/taxation/finance-commission/ Free Law of Taxation LL.B. notes on Finance Commission. Every five years the President sets up a five-member Finance Commission (Art. 280) to advise how central tax money is split between the Union and the States, and among the States. Its advice is… https://medha-academy.in/subjects/taxation/income-meaning-concept-and-characteristics-aims-of-the-act/ Mon, 01 Jan 0001 00:00:00 +0000 https://medha-academy.in/subjects/taxation/income-meaning-concept-and-characteristics-aims-of-the-act/ Free Law of Taxation LL.B. notes on Income — Meaning, Concept & Characteristics; Aims of the Act. Income tax law defines 'income' with an open list — it includes salary, business profit, rent, capital gains, even lottery winnings, and the courts… https://medha-academy.in/subjects/taxation/person-assessee-assessment-year-vs-previous-year/ Mon, 01 Jan 0001 00:00:00 +0000 https://medha-academy.in/subjects/taxation/person-assessee-assessment-year-vs-previous-year/ Free Law of Taxation LL.B. notes on Person; Assessee; Assessment Year vs Previous Year. The Act taxes a 'person' (seven kinds — individual, HUF, company, firm, AOP/BOI, local authority, artificial juridical person). The one liable is the 'assessee'.… https://medha-academy.in/subjects/taxation/residential-status-and-scope-of-total-income-ss5-9/ Mon, 01 Jan 0001 00:00:00 +0000 https://medha-academy.in/subjects/taxation/residential-status-and-scope-of-total-income-ss5-9/ Free Law of Taxation LL.B. notes on Residential Status & Scope of Total Income (ss.5–9). Count the days in India. 182+ days (or 60+365) makes you a resident; residents pay on their world income. Fail those and you are a non-resident, taxed only on… https://medha-academy.in/subjects/taxation/agricultural-income-and-its-taxability/ Mon, 01 Jan 0001 00:00:00 +0000 https://medha-academy.in/subjects/taxation/agricultural-income-and-its-taxability/ Free Law of Taxation LL.B. notes on Agricultural Income & its Taxability. Agricultural income (rent/produce from land actually cultivated in India) is tax-free (s.10(1)/s.2(1A)). But dairy, poultry, wild forest produce, tractor rent, and farm income… https://medha-academy.in/subjects/taxation/incomes-exempt-from-tax-s10-10aa-casual-income/ Mon, 01 Jan 0001 00:00:00 +0000 https://medha-academy.in/subjects/taxation/incomes-exempt-from-tax-s10-10aa-casual-income/ Free Law of Taxation LL.B. notes on Incomes Exempt from Tax (s.10, 10AA); Casual Income. Section 10 is the list of receipts the law keeps out of your income entirely — agricultural income, gratuity, HRA, scholarships, and more. But do not confuse… https://medha-academy.in/subjects/taxation/income-from-salaries-ss15-17-perquisites-deductions/ Mon, 01 Jan 0001 00:00:00 +0000 https://medha-academy.in/subjects/taxation/income-from-salaries-ss15-17-perquisites-deductions/ Free Law of Taxation LL.B. notes on Income from Salaries (ss.15–17); Perquisites; Deductions. Salary is taxed only if you are an employee (ss.15–17). 'Salary' covers basic pay, pension, gratuity, commission, perquisites (car, house, loans) and… https://medha-academy.in/subjects/taxation/income-from-house-property-ss22-27/ Mon, 01 Jan 0001 00:00:00 +0000 https://medha-academy.in/subjects/taxation/income-from-house-property-ss22-27/ Free Law of Taxation LL.B. notes on Income from House Property (ss.22–27). This head taxes the owner of a building on its annual value (roughly its letting value), not just the rent. Work out GAV, subtract municipal taxes to get NAV, then take only… https://medha-academy.in/subjects/taxation/profits-and-gains-of-business-or-profession-ss28-44/ Mon, 01 Jan 0001 00:00:00 +0000 https://medha-academy.in/subjects/taxation/profits-and-gains-of-business-or-profession-ss28-44/ Free Law of Taxation LL.B. notes on Profits & Gains of Business or Profession (ss.28–44). Business income = profit computed commercially, then adjusted. Genuine business expenses 'wholly and exclusively' for the business are allowed (s.37);… https://medha-academy.in/subjects/taxation/capital-gains-ss45-55-capital-vs-revenue-receipt/ Mon, 01 Jan 0001 00:00:00 +0000 https://medha-academy.in/subjects/taxation/capital-gains-ss45-55-capital-vs-revenue-receipt/ Free Law of Taxation LL.B. notes on Capital Gains (ss.45–55); Capital vs Revenue Receipt. Sell a capital asset for more than it cost you, and the profit is a 'capital gain' (s.45). Hold it long enough and it is long-term (indexation + lower rate);… https://medha-academy.in/subjects/taxation/income-from-other-sources-ss56-59/ Mon, 01 Jan 0001 00:00:00 +0000 https://medha-academy.in/subjects/taxation/income-from-other-sources-ss56-59/ Free Law of Taxation LL.B. notes on Income from Other Sources (ss.56–59). Anything that is income but does not fit Salaries, House Property, Business, or Capital Gains lands here (s.56) — dividends, interest, lottery winnings, letting of machinery,… https://medha-academy.in/subjects/taxation/clubbing-of-income-ss60-65-set-off-and-carry-forward-ss70-80/ Mon, 01 Jan 0001 00:00:00 +0000 https://medha-academy.in/subjects/taxation/clubbing-of-income-ss60-65-set-off-and-carry-forward-ss70-80/ Free Law of Taxation LL.B. notes on Clubbing of Income (ss.60–65); Set-off & Carry-Forward (ss.70–80). Clubbing (ss.60–65) stops you from shifting income to your spouse or minor child to save tax — the income is taxed back to you. Set-off (ss.70–80)… https://medha-academy.in/subjects/taxation/permissible-deductions-chapter-vi-a-ss80c-80u/ Mon, 01 Jan 0001 00:00:00 +0000 https://medha-academy.in/subjects/taxation/permissible-deductions-chapter-vi-a-ss80c-80u/ Free Law of Taxation LL.B. notes on Permissible Deductions — Chapter VI-A (ss.80C–80U). After adding up income from all five heads (Gross Total Income), Chapter VI-A lets you subtract savings and good-cause spending — provident fund and insurance… https://medha-academy.in/subjects/taxation/deduction-of-tax-at-source-tds-and-advance-tax/ Mon, 01 Jan 0001 00:00:00 +0000 https://medha-academy.in/subjects/taxation/deduction-of-tax-at-source-tds-and-advance-tax/ Free Law of Taxation LL.B. notes on Deduction of Tax at Source (TDS) & Advance Tax. TDS makes the payer cut tax before paying you (salary, interest, prizes) and deposit it for you. TCS makes the seller add tax when selling certain goods. Advance tax… https://medha-academy.in/subjects/taxation/assessment-kinds-return-of-income-and-e-filing-refund/ Mon, 01 Jan 0001 00:00:00 +0000 https://medha-academy.in/subjects/taxation/assessment-kinds-return-of-income-and-e-filing-refund/ Free Law of Taxation LL.B. notes on Assessment — Kinds; Return of Income & E-Filing; Refund. Assessment is how the department checks your return. You first self-assess and pay (s.140A). The return is processed (s.143(1)); some are picked for… https://medha-academy.in/subjects/taxation/income-tax-authorities-itat-cbdt-power-to-reduce-waive-penalty/ Mon, 01 Jan 0001 00:00:00 +0000 https://medha-academy.in/subjects/taxation/income-tax-authorities-itat-cbdt-power-to-reduce-waive-penalty/ Free Law of Taxation LL.B. notes on Income-Tax Authorities; ITAT; CBDT; Power to Reduce/Waive Penalty. Income tax is run by a ladder — CBDT (policy) at the top, then Chief Commissioners, Commissioners, Joint/Deputy Commissioners, and the Income-Tax… https://medha-academy.in/subjects/taxation/collection-and-recovery-of-tax/ Mon, 01 Jan 0001 00:00:00 +0000 https://medha-academy.in/subjects/taxation/collection-and-recovery-of-tax/ Free Law of Taxation LL.B. notes on Collection & Recovery of Tax. Tax comes in through TDS, advance tax, and payment on demand. If you still do not pay after the demand notice, you are a defaulter, and the Tax Recovery Officer can attach and sell… https://medha-academy.in/subjects/taxation/appeal-and-revision-provisions/ Mon, 01 Jan 0001 00:00:00 +0000 https://medha-academy.in/subjects/taxation/appeal-and-revision-provisions/ Free Law of Taxation LL.B. notes on Appeal & Revision Provisions. If you disagree with your assessment, you appeal up a ladder — Commissioner (Appeals), then ITAT, then High Court (only on law), then Supreme Court. Separately, the Commissioner can… https://medha-academy.in/subjects/taxation/offences-and-penalties-pan/ Mon, 01 Jan 0001 00:00:00 +0000 https://medha-academy.in/subjects/taxation/offences-and-penalties-pan/ Free Law of Taxation LL.B. notes on Offences & Penalties; PAN. Cheat on your tax and you face two kinds of consequences — penalties (money, up to 200% of the tax on concealed income, s.270A) imposed by officers, and offences (prosecution,… https://medha-academy.in/subjects/taxation/concept-and-features-of-gst-benefits-impact-on-the-economy/ Mon, 01 Jan 0001 00:00:00 +0000 https://medha-academy.in/subjects/taxation/concept-and-features-of-gst-benefits-impact-on-the-economy/ Free Law of Taxation LL.B. notes on Concept & Features of GST; Benefits; Impact on the Economy. GST is one tax on the supply of goods and services that replaced a dozen old taxes. Because each seller gets credit for tax already paid, only the value… https://medha-academy.in/subjects/taxation/constitutional-basis-of-gst-the-101st-amendment-2016/ Mon, 01 Jan 0001 00:00:00 +0000 https://medha-academy.in/subjects/taxation/constitutional-basis-of-gst-the-101st-amendment-2016/ Free Law of Taxation LL.B. notes on Constitutional Basis of GST — the 101st Amendment (2016). The Constitution had to be changed so the Centre and the States could both tax the same supply. The 101st Amendment (2016) did this — Art. 246A gives both… https://medha-academy.in/subjects/taxation/dual-gst-model-cgst-and-sgst-salient-features/ Mon, 01 Jan 0001 00:00:00 +0000 https://medha-academy.in/subjects/taxation/dual-gst-model-cgst-and-sgst-salient-features/ Free Law of Taxation LL.B. notes on Dual GST Model; CGST & SGST; Salient Features. GST is shared between the Centre and the States. Sell within your State and you charge two taxes — CGST (Centre) + SGST (State). Sell across States (or import) and… https://medha-academy.in/subjects/taxation/levy-and-collection-on-supply-ss7-and-9-cgst-the-taxable-event/ Mon, 01 Jan 0001 00:00:00 +0000 https://medha-academy.in/subjects/taxation/levy-and-collection-on-supply-ss7-and-9-cgst-the-taxable-event/ Free Law of Taxation LL.B. notes on Levy & Collection on 'Supply' (ss.7 & 9 CGST); the Taxable Event. GST is triggered by one event — supply. 'Supply' (s.7) covers almost every way goods or services change hands for consideration in business — sale,… https://medha-academy.in/subjects/taxation/gst-council-art-279a-structure-powers-and-functions/ Mon, 01 Jan 0001 00:00:00 +0000 https://medha-academy.in/subjects/taxation/gst-council-art-279a-structure-powers-and-functions/ Free Law of Taxation LL.B. notes on GST Council (Art. 279A) — Structure, Powers & Functions. The GST Council (Art. 279A) is the joint Centre-State forum, chaired by the Union Finance Minister with every State's Finance Minister, that recommends GST… https://medha-academy.in/subjects/taxation/registration-under-gst-procedure-and-advantages/ Mon, 01 Jan 0001 00:00:00 +0000 https://medha-academy.in/subjects/taxation/registration-under-gst-procedure-and-advantages/ Free Law of Taxation LL.B. notes on Registration under GST — Procedure & Advantages. If your turnover crosses the threshold (about ₹40 lakh for goods, ₹20 lakh for services) — or you fall in a compulsory category like inter-State sellers or… https://medha-academy.in/subjects/taxation/input-tax-credit-composition-levy-works-contract-tax-invoice-gstn/ Mon, 01 Jan 0001 00:00:00 +0000 https://medha-academy.in/subjects/taxation/input-tax-credit-composition-levy-works-contract-tax-invoice-gstn/ Free Law of Taxation LL.B. notes on Input Tax Credit; Composition Levy; Works Contract; Tax Invoice; GSTN. Input tax credit lets you subtract the GST you paid on purchases from the GST you owe on sales, so you pay tax only on the value you added… https://medha-academy.in/subjects/taxation/exemption-of-tax-under-gst/ Mon, 01 Jan 0001 00:00:00 +0000 https://medha-academy.in/subjects/taxation/exemption-of-tax-under-gst/ Free Law of Taxation LL.B. notes on Exemption of Tax under GST. The government can exempt goods/services from GST by notification in the public interest (s.11). But watch the credit: exempt and nil-rated supplies carry no tax and no input credit… https://medha-academy.in/subjects/taxation/igst-inter-state-supply-nature-and-place-of-supply-imports-exports/ Mon, 01 Jan 0001 00:00:00 +0000 https://medha-academy.in/subjects/taxation/igst-inter-state-supply-nature-and-place-of-supply-imports-exports/ Free Law of Taxation LL.B. notes on IGST — Inter-State Supply; Nature & Place of Supply; Imports/Exports. IGST is the Centre's single tax on supplies that cross State borders (and on imports). Whether a sale is inter-State is decided by comparing… https://medha-academy.in/subjects/taxation/utgst-gst-for-union-territories/ Mon, 01 Jan 0001 00:00:00 +0000 https://medha-academy.in/subjects/taxation/utgst-gst-for-union-territories/ Free Law of Taxation LL.B. notes on UTGST — GST for Union Territories. UTGST is simply SGST's twin for Union Territories that have no legislature (Lakshadweep, A&N, Chandigarh, etc.). On a sale within such a UT you charge CGST + UTGST. UTs that do… https://medha-academy.in/subjects/taxation/compensation-to-states-impact-of-gst-on-state-revenue/ Mon, 01 Jan 0001 00:00:00 +0000 https://medha-academy.in/subjects/taxation/compensation-to-states-impact-of-gst-on-state-revenue/ Free Law of Taxation LL.B. notes on Compensation to States; Impact of GST on State Revenue. States gave up big taxes to join GST, so the Centre guaranteed (for five years from 2017) to make good any revenue that fell short of a 14% growth benchmark,… https://medha-academy.in/subjects/taxation/reverse-charge-mechanism-anti-profiteering-authority/ Mon, 01 Jan 0001 00:00:00 +0000 https://medha-academy.in/subjects/taxation/reverse-charge-mechanism-anti-profiteering-authority/ Free Law of Taxation LL.B. notes on Reverse Charge Mechanism; Anti-Profiteering Authority. Reverse charge flips the normal rule — instead of the seller collecting GST, the buyer pays it directly (used for advocates, transporters, imports, and… https://medha-academy.in/subjects/taxation/securities-transaction-tax-stt-gst-exemption-on-securities/ Mon, 01 Jan 0001 00:00:00 +0000 https://medha-academy.in/subjects/taxation/securities-transaction-tax-stt-gst-exemption-on-securities/ Free Law of Taxation LL.B. notes on Securities Transaction Tax (STT); GST Exemption on Securities. Shares and bonds are kept out of GST — the definitions of 'goods' and 'services' both exclude 'securities' — so buying/selling them carries no GST… https://medha-academy.in/subjects/taxation/customs-officers-appointment-powers-and-functions/ Mon, 01 Jan 0001 00:00:00 +0000 https://medha-academy.in/subjects/taxation/customs-officers-appointment-powers-and-functions/ Free Law of Taxation LL.B. notes on Customs Officers — Appointment, Powers & Functions. Customs is run by a ladder of officers (s.3) — from the Chief Commissioner down to Inspectors and Appraisers — appointed by the CBIC/Central Government (s.4),… https://medha-academy.in/subjects/taxation/search-seizure-and-arrest-detection-of-smuggled-goods/ Mon, 01 Jan 0001 00:00:00 +0000 https://medha-academy.in/subjects/taxation/search-seizure-and-arrest-detection-of-smuggled-goods/ Free Law of Taxation LL.B. notes on Search, Seizure & Arrest; Detection of Smuggled Goods. To stop smuggling, customs officers can search persons, premises and vehicles, seize goods they reasonably believe are smuggled (s.110), arrest offenders… https://medha-academy.in/subjects/taxation/levy-assessment-of-duty-and-valuation-of-goods-dutiable-goods/ Mon, 01 Jan 0001 00:00:00 +0000 https://medha-academy.in/subjects/taxation/levy-assessment-of-duty-and-valuation-of-goods-dutiable-goods/ Free Law of Taxation LL.B. notes on Levy, Assessment of Duty & Valuation of Goods; Dutiable Goods. Customs duty is charged on goods crossing the border (s.12), at the rates in the Customs Tariff Act, on 'dutiable goods' (s.2(14)). Where duty is a… https://medha-academy.in/subjects/taxation/clearance-of-imported-goods-from-the-port/ Mon, 01 Jan 0001 00:00:00 +0000 https://medha-academy.in/subjects/taxation/clearance-of-imported-goods-from-the-port/ Free Law of Taxation LL.B. notes on Clearance of Imported Goods from the Port. Imported goods cannot just walk out of the port. The steps: the carrier files a manifest (s.30) and gets entry inwards (s.31); the importer files a bill of entry (s.46),… https://medha-academy.in/subjects/taxation/baggage/ Mon, 01 Jan 0001 00:00:00 +0000 https://medha-academy.in/subjects/taxation/baggage/ Free Law of Taxation LL.B. notes on Baggage. Baggage gets a simple regime (ss.77–81): declare what you carry (s.77), duty is at the rate on the declaration date (s.78), and your bona fide personal effects plus a free allowance are duty-free (s.79) —… https://medha-academy.in/subjects/taxation/duty-drawback/ Mon, 01 Jan 0001 00:00:00 +0000 https://medha-academy.in/subjects/taxation/duty-drawback/ Free Law of Taxation LL.B. notes on Duty Drawback. Duty drawback refunds customs duty when goods are exported, so India exports goods not taxes. Section 74 refunds duty when the same imported goods are re-exported (up to 98% if unused). Section 75… https://medha-academy.in/subjects/taxation/warehousing-ports-goods-in-transit/ Mon, 01 Jan 0001 00:00:00 +0000 https://medha-academy.in/subjects/taxation/warehousing-ports-goods-in-transit/ Free Law of Taxation LL.B. notes on Warehousing; Ports; Goods in Transit. Warehousing (ss.57–73) lets an importer park goods in a bonded warehouse and pay duty only when he removes them (s.68) — deferring the duty and freeing up cash. He gives a… https://medha-academy.in/subjects/taxation/restrictions-and-prohibitions-on-imports-and-exports-prohibited-goods/ Mon, 01 Jan 0001 00:00:00 +0000 https://medha-academy.in/subjects/taxation/restrictions-and-prohibitions-on-imports-and-exports-prohibited-goods/ Free Law of Taxation LL.B. notes on Restrictions & Prohibitions on Imports and Exports; Prohibited Goods. Section 11 lets the Central Government ban or restrict the import/export of goods by notification, for reasons like national security, public… https://medha-academy.in/subjects/taxation/goods-imported-or-exported-by-post/ Mon, 01 Jan 0001 00:00:00 +0000 https://medha-academy.in/subjects/taxation/goods-imported-or-exported-by-post/ Free Law of Taxation LL.B. notes on Goods Imported or Exported by Post. Goods coming or going by post get a simpler procedure (ss.82–84): the parcel's label/declaration acts as the bill of entry (s.82), and duty is charged at the rate on the date… https://medha-academy.in/subjects/taxation/exemption-from-customs-duty/ Mon, 01 Jan 0001 00:00:00 +0000 https://medha-academy.in/subjects/taxation/exemption-from-customs-duty/ Free Law of Taxation LL.B. notes on Exemption from Customs Duty. Section 25 lets the Central Government waive customs duty in the public interest — either by a general notification (s.25(1), for a class of goods, absolutely or on conditions) or by a… https://medha-academy.in/subjects/taxation/sez-units/ Mon, 01 Jan 0001 00:00:00 +0000 https://medha-academy.in/subjects/taxation/sez-units/ Free Law of Taxation LL.B. notes on SEZ Units. An SEZ (SEZ Act, 2005) is a duty-free zone treated as foreign territory for customs. An SEZ unit can import inputs and machinery duty-free for export production. Selling into an SEZ counts as an export…