- HC : Notification prescribing recovery of Clean-Environment-Cess in lieu of Statutory Procedure intra-vires; Upholds validity
- Tribunal : PepsiCo’s ‘Nimbooz’, ‘Slice’ and ‘Tropicana’ taxable as fruit drinks at 4%/5.5% KVAT, not 14%/14.5%
- SC : ‘Sharbat’ deriving identity from fruit content, is fruit drink; Applies common-parlance, essential-character test
- HC : Test report not invalid merely because samples tested in two labs; Upholds DRI seizure
- SC : Copy of SC-judgment quashing demand on 'Naphtha' predominantly used for fertilizer-production despite partial non-fertilizer use
CBEC decides that Principal Commissioners / Commissioners of Customs shall require importer to furnish "solvency certificate" from scheduled bank equivalent to amount of duty involved for purpose of storing goods in private bonded warehouse; However, in case of Central / State Government / UT administration / their undertakings, such solvency certificates shall not be required; Further clarifies that there will be no need to obtain such certificate in case of EOUs / EHTP / STPI units, as conditions regarding furnishing of bank guarantee / security are specified in Chapter 6 of FTP
Circular No. 24/2016-Cus dated June 2, 2016
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