TIOL-DDT 1777 · the untouched capture
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<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#663399" size="3">TIOL-DDT 1777 </font><br>
18.01.2012 <br>
Wednesday </strong></font></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Customs Duty on Gold, Silver - On ad valorem Basis </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>IMPORT</strong> of Non-industrial diamonds including lab-grown diamonds (other than rough diamonds), which hitherto attracted a ‘nil' customs duty will now attract a 2% Customs Duty. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Platinum, which was charged a duty of Rs. 300 per 10 grams, will now be on an ad valorem rate of 2% </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Diamonds including lab-grown diamonds- semi-processed, half-cut or broken will be on ‘nil' duty. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Gold ores and concentrates for use in manufacture of gold will be on 1% duty instead of the present Rs. 140 per 10 grams. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Gold dore bar, having gold content not exceeding 95%, will attract 1% customs duty instead of Rs. 140 per 10 grams. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Silver dore bar having silver content not exceeding 95%, will be on 3% customs duty. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Sl. Numbers 187, 189, 422, 518A, 518B of the Table and condition No. 109 of <strong><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2002/ctariff02_021.htm" target="_blank">Notification No. 21/2002-Cus dated 1.3.2002</a></strong>, are amended. </font></p>
<p align="left"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2012/ctariff12_001.htm" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Notification No. 1/2012-Cus, Dated January 16, 2012 </font></strong></a></p>
<p align="justify"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Ad valorem rates for Gold, Silver : The existing and amended rates for import of gold and silver other than through post, courier or baggage : </font></strong></p>
<table width="90%" border="1" align="center" cellpadding="3" cellspacing="0">
<tr>
<td width="7%" valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Sl. No </font></strong></p></td>
<td width="67%" valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Description of goods </font></strong></p></td>
<td width="16%" valign="top"><p align="center"><font color="#0000FF"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Present Rate </font></strong></font></p></td>
<td width="10%" valign="top"><p align="center"><font color="#FF0000"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">New Rate </font></strong></font></p></td>
</tr>
<tr>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1 </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Gold bars, other than tola bars, bearing manufacturer's or refiner's engraved serial number and weight expressed in metric units, and gold coins having gold content not below 99.5%. </font></p></td>
<td valign="top"><p><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Rs. 300 per 10 gms </font></p></td>
<td valign="top"><p align="center"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">2% </font></p></td>
</tr>
<tr>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2 </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Gold in any form (other than those specified against S. No.1 in this column) including liquid gold and tola bars. </font></p></td>
<td valign="top"><p><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Rs. 750 per 10 gms </font></p></td>
<td valign="top"><p align="center"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">5% </font></p></td>
</tr>
<tr>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">3 </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Silver in any form including silver coins having silver content not below 99.9%. </font></p></td>
<td valign="top"><p><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Rs. 1500 per kg </font></p></td>
<td valign="top"><p align="center"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">6% </font></p></td>
</tr>
</table>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2004/ctariff04_062.htm" target="_blank">Notification No. 62/2004_cus dated 12.05.2004</a></strong> is superseded. </font></p>
<p align="left"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2012/ctariff12_002.htm" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Notification No. 2/2012-Cus, Dated January 16, 2012 </font></strong></a></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Gold and Silver imported by passengers.</strong> The present and amended rates are: </font></p>
<table width="90%" border="1" align="center" cellpadding="3" cellspacing="0">
<tr>
<td valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Sl. No </font></strong></p></td>
<td valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Description of goods </font></strong></p></td>
<td valign="top"><p align="center"><font color="#0000FF"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Present Rate </font></strong></font></p></td>
<td valign="top"><p align="center"><font color="#FF0000"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">New Rate </font></strong></font></p></td>
</tr>
<tr>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1 </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Gold bars, other than tola bars, bearing manufacturer's or refiner's engraved serial number and weight expressed in metric units, and gold coins having gold content not below 99.5%. </font></p></td>
<td valign="top"><p><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Rs. 300 per 10 gms </font></p></td>
<td valign="top"><p align="center"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">2% </font></p></td>
</tr>
<tr>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2 </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Gold in any form other than at S.No.1 above, including tola bars and ornaments, but excluding ornaments studded with stones or pearls </font></p></td>
<td valign="top"><p><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Rs. 750 per 10 gms </font></p></td>
<td valign="top"><p align="center"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">5% </font></p></td>
</tr>
<tr>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">3 </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Silver, in any form including ornaments, but excluding ornaments studded with stones or pearls </font></p></td>
<td valign="top"><p><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Rs. 1500 per kg </font></p></td>
<td valign="top"><p align="center"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">6% </font></p></td>
</tr>
</table>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Notification No.172/1994-Cus dated 30.09.1994 and <strong><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2003/ctariff03_031.htm" target="_blank">31/2003-Cus dated 01.03.2003</a></strong> are superseded. </font></p>
<p align="left"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2012/ctariff12_003.htm" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Notification No. 3/2012-Cus, Dated January 16, 2012 </font></strong></a></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>VALUATION of Gold or Silver imported by passengers:</strong> Are passengers coming from abroad after a tiring journey required to haggle with the Customs officers at the airports over the valuation of gold brought with them? Not necessary. The Government has thought of this problem and fixed tariff values for the Gold and Silver imported availing Notification No.3/2012-Cus (passengers). The tariff value for gold is 526 US Dollars per 10 grams and silver 953 US Dollars per kg. </font></p>
<p align="left"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=24&filename=notification/custom/2012/cnt12_003.htm" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Notification No. 3/2012-Cus (NT), Dated January 16, 2012 </font></strong></a></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Ad Valorem Excise Duties for Gold and Silver </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>GOLD</strong> bars which hitherto attracted an excise duty of Rs. 200 per 10 gms will now be charged duty at the rate of 1.5% and gold bars manufactured during the process of copper smelting which attracted a duty of Rs. 300 per 10 gms will now be charged 2% duty. Silver at Rs. 1500 per kg hitherto will now suffer 6% duty. </font></p>
<p align="left"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=30&filename=notification/excise/2012/etariff12_02.htm" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Notification No. 2/2012-CX, Dated January 16, 2012 </font></strong></a></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>GOLD manufactured in EOU/EHTP/STP:</strong> Gold jewellery which was charged Rs. 750 per 10 gms will now attract 5% ad valorem and Silver jewellery which was charged Rs. 1000 per kg will now be charged 6% ad valorem. </font></p>
<p align="left"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=30&filename=notification/excise/2012/etariff12_03.htm" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Notification No. 3/2012-CX, Dated January 16, 2012 </font></strong></a></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Steep Hike in Gold Prices? </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>AN</strong> increase in Customs duty on Gold in India is big news in many countries. The <strong>Khaljeet Times</strong> reported, "<em>India, the world's biggest bullion consumer, sharply hiked import duties on gold and silver on Tuesday in a move that will raise domestic prices of the precious metals"</em>. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">What is the hike? Let us do a rough calculation about a passenger who brings with him a kg of gold and a kg of silver. (All values in Rupees) </font></p>
<table width="90%" border="1" align="center" cellpadding="3" cellspacing="0">
<tr>
<td valign="top"> </td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Description </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Value in India </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Duty payable <br>
<br>
before <br>
17.01.2012 </font></p> </td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff value </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">NOW </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Duty payable </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">NOW </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Difference </font></p></td>
</tr>
<tr>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1 </font></p></td>
<td valign="top"><p align="right"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1 kg of gold </font></p></td>
<td valign="top"><p align="right"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">28,00,000 </font></p></td>
<td valign="top"><p align="right"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">30,000 </font></p></td>
<td valign="top"><p align="right"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">26,30,000 </font></p></td>
<td valign="top"><p align="right"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">52,600 </font></p></td>
<td valign="top"><p align="right"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">22,600 </font></p></td>
</tr>
<tr>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2 </font></p></td>
<td valign="top"><p align="right"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1 kg of Silver </font></p></td>
<td valign="top"><p align="right"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">53,000</font></p></td>
<td valign="top"><p align="right"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1,500 </font></p></td>
<td valign="top"><p align="right"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">47,650 </font></p></td>
<td valign="top"><p align="right"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2,859 </font></p></td>
<td valign="top"><p align="right"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1,359 </font></p></td>
</tr>
<tr>
<td valign="top"> </td>
<td valign="top"><p align="right"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">TOTAL </font></p></td>
<td valign="top"><p align="right"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">28,53,000 </font></p></td>
<td valign="top"><p align="right"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">31,500 </font></p></td>
<td valign="top"><p align="right"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">26,77,650 </font></p></td>
<td valign="top"><p align="right"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">55459 </font></p></td>
<td valign="top"><p align="right"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">23,959 </font></p></td>
</tr>
</table>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Thus, a passenger coming with gold and silver worth about Rs. 29 lakhs will have to pay an excess duty of Rs. 24,000. Less than 1 percent. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">But the problem is - rich educated Indians coming from foreign countries are not prepared to pay this customs duty. They would haggle, fight, persuade, beg or bribe Customs officers to let them go without that duty and would rather smuggle that gold out than pay duty! </font></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Hurried Hike - Customs Officers Caught Unawares </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE</strong> Gold Notifications are all dated 16th January 2012, but the Board made them public only on 17th January and they are effective from 17th January that is from 00.00 hrs of 17.01.2012. But till 1130 AM on 17th January, nobody knew about these notifications. What would have been the duty charged from passengers who landed early in the morning of 17th January? Do you go in search of them now to demand the short paid duty? Why can't they give a little time to the Customs officers to understand the notifications and implement them? </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>DDT</strong> spoke to several Customs Officers in various airports about the changed duty structure. They were all aware of some notifications but most them had no clue as to what the tariff values were. God knows how they cleared the precious metals last night and the night before that! </font></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Anti Dumping Duty on PVC Resin - tariff numbers changed </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>GOVERNMENT</strong> has amended Notification No. 70/2010-Cus dated 25.6.2010 to change the tariff item numbers in tune with the new headings brought into effect from 1.1.2012. This notification imposes anti dumping duty on PVC resin originating in or exported from European Union. </font></p>
<p><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=337&filename=notification/custom/2012/ctariffadd12_008.htm" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Notification No. 8/2012-Cus (ADD), Dated January 16, 2012 </font></strong></a></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Commodity Hedging - RBI Clarification </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>RESIDENT</strong> entities in India, engaged in import and export trade or as otherwise approved by the Reserve Bank from time to time, are permitted to hedge the price risk of permitted commodities in the international commodity exchanges / markets as per Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Now, RBI clarifies that all AD Category-I banks are permitted to grant permission to companies to hedge the price risk in respect of any commodity (except gold, silver, platinum) in the international commodity exchanges/ markets as specified under the delegated route. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Further, AD Category-I banks can also grant permission to unlisted companies to hedge price risk on import/ export in respect of any commodity (except gold, silver, platinum) in the international commodity exchanges/ markets subject to guidelines. </font></p>
<p align="justify"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=280&filename=notification/rbi/2011/rbi11cir068.htm" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">RBI AP(DIR Series) Circular No. 68, Dated January 17, 2012 </font></strong></a></p>
<p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#006600">Jurispruden</font><font color="#FF6633" size="5">tiol</font><font color="#006600"> – Thursday's cases</font></strong></font></strong></font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><img src="http://www.taxindiaonline.com/RC2/image/stories/ddt_hammer.jpg" alt="Legal Corner Icon" width="100" height="84" hspace="5" border="0" align="left"><strong><font color="#663399">Central Excise </font></strong></font></p>
<p align="justify"><strong><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif">Conditional Exemption - Conditions are to be followed to avail exemption - Substantial compliance not enough: SC</font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>A</strong> <strong>provision for exemption, concession or exception, as the case may be, has to be construed strictly and if the exemption is available only on complying certain conditions, the conditions have to be complied with:</strong> The language of Rule 192 of Chapter X of the Rules is clear that for availing concession from excise duty on excisable goods used in a specified industrial process, a person must obtain a registration certificate from the Collector and that "the concession shall, unless renewed by the Collector, cease on the expiry of the registration certificate". </font></p>
<p align="justify"><strong><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif">Income Tax </font></strong></p>
<p align="justify"><strong><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif">Whether when assessee lets out premises to related concern, refundable security deposit received by assessee is to be treated as deemed dividend - NO, rules ITAT </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>IT</strong> was stated by the assessee that the said security deposit received by virtue of a new agreement superseding the earlier agreement did not come under the ambit of dividend as defined in sec. 2(22)(e) of the Act, because the said amount had neither been given as an advance nor a loan in this case but was given as a security deposit for obtaining a lease from the assessee-company. It was further stated that such security deposit cannot be treated as deemed dividend by invoking provisions of sec. 2(22)(e) of the Act.</font></p>
<p align="justify" style="margin-bottom: 10.0pt"><font face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#663399" size="2">Customs</font></strong></font></p>
<p align="justify" style="margin-bottom: 10.0pt"><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b
style='mso-bidi-font-weight:normal'><span style='mso-fareast-font-family:"-ÿ3ÿ f g";mso-bidi-font-family:"Times New Roman"; mso-ansi-language:EN-GB;mso-fareast-language:JA' lang="EN-GB" xml:lang="EN-GB">Customs
- Refund under Section 18 should have been made without any application
for refund: High Court
<o:p></o:p>
</span></b></font></p>
<p class="MsoNormal" style='text-align:justify'><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b
style='mso-bidi-font-weight:normal'><span style='mso-fareast-font-family:"-ÿ3ÿ f g";mso-bidi-font-family:"Times New Roman"; mso-ansi-language:EN-GB;mso-fareast-language:JA' lang="EN-GB" xml:lang="EN-GB">THE
</span></b><span style='mso-fareast-font-family:"-ÿ3ÿ f g";mso-bidi-font-family:"Times New Roman"; mso-ansi-language:EN-GB;mso-fareast-language:JA' lang="EN-GB" xml:lang="EN-GB"> <strong>s</strong></span><strong><span style='mso-fareast-font-family:"-ÿ3ÿ f g";mso-bidi-font-family:"Times New Roman"; mso-ansi-language:EN-GB;mso-fareast-language:JA' lang="EN-GB" xml:lang="EN-GB">ubstantial question of law</span><span style='mso-fareast-font-family: "-ÿ3ÿ f g";mso-bidi-font-family:"Times New Roman";mso-ansi-language:EN-GB; mso-fareast-language:JA' lang="EN-GB" xml:lang="EN-GB">:</span></strong><span style='mso-fareast-font-family: "-ÿ3ÿ f g";mso-bidi-font-family:"Times New Roman";mso-ansi-language:EN-GB; mso-fareast-language:JA' lang="EN-GB" xml:lang="EN-GB"> Whether
Customs, Excise and Service Tax Appellate Tribunal is right in holding
that refund under Section 18 of the Customs Act should have been made without
any application for refund and that Section 18 was applicable and Section
27 of the Customs Act, 1962 was not applicable?
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<p align="justify"><strong><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif">See our columns Tomorrow for the judgements </font></strong></p>
<p align="justify"><font color="#FF6666" size="2" face="Verdana, Arial, Helvetica, sans-serif">Until Tomorrow with more <strong>DDT</strong></font></p>
<p align="justify"><font color="#FF6666" size="2" face="Verdana, Arial, Helvetica, sans-serif">Have a Nice Day. </font></p>
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