- 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 revises amount of insurance to be provided by Customs Cargo Service Provider, same shall be equal to average value of goods likely to be stored in Customs Area for a period 10 days (based on projected capacity); Further, reduces value of courier bond to be furnished in respect of imported/export goods to the extent of 10 days’ storage from current 30 days
Circular No. 42/2016-Cus dated August 31, 2016
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