Co-operative society's mandatory reserve and share capital fixed deposits with banks-interest treated as business income under 80P(2)(a)(iii) deductio...
Income tax reassessment reopening after four years on investigation tip, without s.147 proviso disclosure failure, struck down as borrowed satisfactio...
The note concludes that imported flavoured supari are classifiable under tariff item 21069030 based on HSN Explanatory Notes, Chapter and Section notes, the essential character test and applicable GIR principles; the CBIC circular clarifying classification of scented sweet supari and flavoured coated cardamom applies and informs the rate analysis. Consequently, goods falling under 21069030 qualify for concession under Serial No. 39 of Notification No. 68/2012-Customs, thereby making flavoured supari eligible for the specified Customs duty exemption on importation.
The note concludes that imported flavoured supari are classifiable under tariff item 21069030 based on HSN Explanatory Notes, Chapter and Section notes, the essential character test and applicable GIR principles; the CBIC circular clarifying classification of scented sweet supari and flavoured coated cardamom applies and informs the rate analysis. Consequently, goods falling under 21069030 qualify for concession under Serial No. 39 of Notification No. 68/2012-Customs, thereby making flavoured supari eligible for the specified Customs duty exemption on importation.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4817 
Join Channel 
