GST Daily
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The appellant was an apex body for marketing of milk and milk products produced by various District Co-operative Milk Producer Unions. It filed an application for the advance ruling to determine the classification of flavoured milk. The Authority for Advance Ruling held that 'Flavoured Milk' is classifiable under HSN 22029030 as a beverage containing milk. It filed an appeal against the order. ? ? ?
The Appellate Authority for Advance Ruling observed that flavoured milk is produced from standardization of fresh milk according to fat contents and then heated at a certain temperature followed by filtration, pasteurization and homogenization and thereafter mixing of sugar and various flavours finally bottling is done. The milk constituent in the instant product is 'standardized milk' or 'toned milk' which is not full cream milk, or 'skimmed milk' as per definitions and Chapter Note I to Chapter 4 of Customs Tariff Act, 1975. Therefore, this product would be excluded from the purview of Tariff Heading 0402. However, beverage as per Oxford dictionary definition includes any type of drink except water. Thus, flavoured milk would be treated as a beverage and classified under Tariff Item 2202 99 30.
The Central Board of Indirect Taxes and Customs (CBIC) has notified the rate of exchange of conversion of the foreign currencies into Indian currency or vice versa, with effect from 16th September 2022, for the import and export of goods. In this regard, notification has been issued in supersession of the Notification No. 73/2022-Customs (N.T.), dated September 1st, 2022 ? ? ? ?
The CBIC has extended the validity of e-scrip to 2 years from one year. Now the e-scrips shall be valid for a period of two years from the date of its creation in the ledger and any duty credit in the e-scrip remaining unutilized at the end of this period shall lapse. The duty credit available in the e-scrip in the ledger shall be used for payment of specified duties of Customs. ? ? ? ? ?
In this regard, notification has been issued to amend Electronic Duty Credit Ledger Regulations, 2021 and Electronic Duty Credit Ledger (Amendment) Regulations, 2022 are notified.
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