- 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
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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