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- ‘Redemption fine’ constitutes as duty-interest-penalty under SVLDRS; Delhi HC directs refund with interest
- Upholds law denying foreign subsidiaries from availing SFIS-benefits; Dismisses Cummins Tech. SLP
CBEC apprises field formations & trade / industry the decision of Ministry of Environment, Forests and Climate Change that licenses of import of plastic and PET scrap issued under previous Hazardous Waste (Management, Handling and Transboundary Movement) Rules 2008 will be treated as valid documents; However, import will be limited to (i) those consignments which have arrived under valid licenses on Indian ports, (ii) consignments under valid licenses which are in transit from country of origin, (iii) quantity of import for which Letter of Credit has already been opened by valid license, and (iv) quantity of import for which advance has already been paid with documentary evidences (quantity would be limited to value of advance paid)
Instruction F.No. 401/26/2014-Cus-III(Pt.) dated September 30, 2016
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