- 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
DGFT updates list of banks authorised by RBI to import both gold and silver, and the list of banks authorised only for import of silver for FY 2025-26, effective from April 01, 2025; A total of 13 banks from public and private sectors are authorised for gold and silver import, whereas Indian Overseas Bank and Union Bank of India are authorised for import of gold only: DGFT Public Notice
Public Notice No. 01/2025-26 dated April 03, 2025
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