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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 clarifies that “Transmission shafts / Power takeoff (PTO) shafts" to be classified under heading 8483 instead of headings 8432/8433 (dealing with agricultural/harvesting machinery) of Harmonised Customs Tariff by applying General Rules of Interpretation of Import Tariff; Directs pending assessments to be finalized accordingly
Customs Circular No. 02/2014-Customs dated January 9, 2014
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