PMLA anticipatory bail requires satisfaction of twin conditions, while predicate-offence protection does not extend to independent money-laundering pr...
School-affiliation charges remain taxable where not directly connected with examinations, while extended limitation requires proof of deliberate tax e...
SC held that crude degummed soyabean oil is a manufactured product distinct from its agricultural origin, not an agricultural product. The administrative circular No. 10/2004 cannot legally expand the exclusionary clause of notification No. 53/2003. The manufacturing process transforms soyabean into a new commodity with different characteristics, thereby enabling the appellant to claim duty-free credit entitlement. The court rejected the HC's finding that crude degummed soyabean oil remains an agricultural product, and allowed the appeal, granting the appellant benefits under the original notification.
SC held that crude degummed soyabean oil is a manufactured product distinct from its agricultural origin, not an agricultural product. The administrative circular No. 10/2004 cannot legally expand the exclusionary clause of notification No. 53/2003. The manufacturing process transforms soyabean into a new commodity with different characteristics, thereby enabling the appellant to claim duty-free credit entitlement. The court rejected the HC's finding that crude degummed soyabean oil remains an agricultural product, and allowed the appeal, granting the appellant benefits under the original notification.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4827 
Join Channel 
