- SC : Ink & chemicals used in lottery-ticket-printing under works-contract taxable as 'sale'; Finds tangible transfer
- SC : Upholds ITC benefit for purchaser-dealer despite selling-dealer's failure to deposit tax
- SC permits DRI probe into goods transshipped from Pakistan; Suspends HC’s SCN deadline
- SC dismisses Revenue’s SLP on dropping Rs. 125 cr service-tax demand over Airtel’s call free allowance
- SC : Upholds Cadbury's ‘Perk’ classification as ‘Wafer Biscuit’ entitled for concessional duty-rate; Dismisses Revenue’s appeal
CBEC notifies detailed procedure for valuation / assessment of Iron Ore, fines and pellet exports, following reports of change in properties of Iron Ore during transit; Declared value of export goods to be scrutinized in terms of provisions of Rule 14 of Customs Valuation (Determination of Value of Export Goods) Rules, 2007 and shipping bill may be provisionally assessed; Customs Houses to monitor receipt of Bank Realization Certificates for comparison with final invoices submitted by exporter to satisfy accuracy of assessed values
Circular No. 12/2014-Cus dated November 17, 2014
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