- 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
- HC : Post-import lapses by importers don’t attract penalty on foreign exporter; Clarifies Department’s extra-territorial jurisdiction
DGFT amends procedure for import of items under TRQ under India-UAE Comprehensive Economic Partnership Agreement (CEPA), informing that the last date for application for TRQs under India-UAE CEPA for FY 2023-24 shall be on February 28, 2023; Clarifies that validity of TRQs under India-UAE CEPA has been revised wherein traders have been allowed to import under TRQs for all tariff lines except 7108; Advises that validity of Tariff Rate Quotas (TRQ) under tariff head 7108 already issued in FY 2022-23 may be revalidated till March 31, 2023; Validity of TRQs under tariff head 7108 to be issued for 4th quarter of FY 2022-23 shall be June 30, 2023; Adds that the allocation of TRQs under tariff head 7108 from FY 2023-24 onwards, shall be on annual basis; Annexes revised conditions
Public Notice No. 47/2015-2020 dated December 29, 2022.
To download click here
 (1).PNG)
