Intaxication at Apex Level – Revenue wins hands Down – Seagram loses Sober war

By Vijay Kumar

'PASSPORT' is not what you need to go out of the country; ‘Black and White' has nothing to do with your income; VAT is not related to taxes; Black Dog is not exactly what Maneka Gandhi would fight for and there is nothing really special about Something Special.

These are all brand names of premium alcoholic drinks and were all together in the intaxicating precincts of the Supreme Court.

In a major decision in favour of the Revenue, the Supreme Court held that valuation of imported CAB - Concentrate of Alcoholic Beverages, was no more an issue as the Supreme Court had earlier dismissed the party's appeal against the Tribunal order.

This Judgement was delivered yesterday and TIOL brings it to you today.

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