present. However if the Jeweller melts that ring and makes another ring or any other jewellery and sells the same then valuation under this Rule will not be applicable and now if he sells the new product Rs.25000/- he will have to pay tax on whole of Rs.25000/- and not on his ...
In the 1970s the US faced a serious shock to the supply of oil but the shortage of oil was caused by price controls. Today, California is facing a serious water drought but the shortage of water is caused by price controls, subsidies and the lack of water markets. In an excellent colum...