Threshold for allottee-initiated insolvency petitions in leasehold real estate upheld; petition admitted after possession letters deemed legally ineff...
Contravention of foreign exchange rules in crossborder diamond payments; appellate tribunal reduces one appellant's penalty for delay and proportional...
RPA (Remote Pilot Aircraft) for military use defined to include drones/UAV/UAS; exemptions limited to specified defence imports with Joint Secretary c...
Transfer of going concern and transfer of input tax credit under GST allowed; exemption applies though interstate ledger transfers left to authorities...
Corn silk extract powder, being a single-plant extract obtained by solvent extraction without further purification or chemical modification and supplied as bulk raw material, was held classifiable as vegetable saps and extracts under Heading 1302, specifically CTI 1302 19 19, consistent with HSN Explanatory Notes; classification under residual Heading 2106 was rejected because it covers formulated food preparations/dietary supplements in measured doses and, under GRI 3(a), a product specifically described in 1302 cannot be shifted to a residuary heading. Since the goods fall under CTSH 1302 19 and are not within the notification's listed exclusions, exemption under Sr. No. 54 of Notification No. 50/2017-Cus was held applicable - AAR
Corn silk extract powder, being a single-plant extract obtained by solvent extraction without further purification or chemical modification and supplied as bulk raw material, was held classifiable as vegetable saps and extracts under Heading 1302, specifically CTI 1302 19 19, consistent with HSN Explanatory Notes; classification under residual Heading 2106 was rejected because it covers formulated food preparations/dietary supplements in measured doses and, under GRI 3(a), a product specifically described in 1302 cannot be shifted to a residuary heading. Since the goods fall under CTSH 1302 19 and are not within the notification's listed exclusions, exemption under Sr. No. 54 of Notification No. 50/2017-Cus was held applicable - AAR
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