Home Highlights January 2016 Year 2016 This

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1. Conversion of wet blue leather into finished leather is Manufacture

2. Amend notification No 27/2011-Customs to reduce the export duty on EI tanned leather and Hides, skins and leathers, tanned and untanned, all sorts.

3. Manufacture - conversion of wet blue leather into finished leather - Wet blue leather loses its identity as wet blue leather and becomes a different commodity with a...

4. Export of Finished Leather or Unfinished Leather - The fact of buyer accepting the goods and making payment, ordering further quantities and terming only 13 cartons of...

5. Misdeclaration of export goods - Export of restricted item - Sheep Nubuck (Snuffed) Finished Leather - as per the test report, it is not Nubuck Leather at all as the...

6. Anti-dumping duty (ADD) imposed on PU Leather originating in or exported from China PR - Notification

7. Attempt to export unfinished leather in the guise of finished leather - Prohibited goods or not - After taking note of the fact that the goods have been provisionally...

8. Rejection of duty drawback - Evasion of payment of export duty and to avail duty drawback - fraudulent export of Semi-finished Leather - Even if it is to be assumed that...

9. Classification of goods - dyes and chemicals, Ammonia Victoria blue, rhodamine, methyl violet, oil blue, oil green and croum scarlet - since the goods are sold as dyes,...

10. Income Computation and Disclosure Standards (ICDS) - New ICDS to be effective from AY 2017-18 - OLD ICDS notified in 2015 rescinded - CBDT