CENEX UPDATE – 07.11.2020

CX - Property in the goods passed from the appellant to his buyer only at the port where they have obtained Let Export Order - services of CHA, CNF, testing and sampling etc. are Input services: CESTAT

ST - Since the appellant is engaged in the business of asset management and portfolio management service, event management service availed by them for conducting training, meetings etc. is an input service: CESTAT

Cus - Goods re-imported for repair and re-exported - Merely because Assessee could claim duty drawback later on and it may give rise to a revenue neutral situation, it cannot be said that period of one year prescribed in 158/95-Cus is without any meaning: HC