The Supreme Court has agreed to give its verdict on the identity of the popular soft-drink 'Nimbooz', launched by PepsiCo in 2013. According to the the current categorization, based on a decision by the Allahabad bench of Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) in November last year, the bench of justices Dilip Gupta and P Venkata Subba Rao categorized 'Nimbooz' as a fruit juice-based drink, because of which it came under tariff Item 2202 90 20 of the Central Excise Tariff.
But a company named Aradhana Foods, has decided to file a petition against the ruling and to reconsider the status of the soft-drink, and categorize it as lemonade, instead of fruit-based juice. The SC is expected to give the verdict in April.
It is to be noted that 'Nimbooz' was marketed as a fruit-based drink containing real lemon juice and no fizz and no added flavours.
Report by Chetan
Graphics by Pragya
Comentarios