TIOL-DDT 2179 · the untouched capture
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<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/inside2.php3?filename=bnews_detail.php3&newsid=17063"><img src="http://www.taxindiaonline.com/RC2/image/stories/limca_book2013.jpg" alt="DDT in Limca Book of Records" width="175" height="120" hspace="5" border="0" align="right"></a></font></strong></font></strong></font></strong></font></strong></font></strong></font></strong></font></strong></font></strong></font></strong></font><font color="#663399" size="3">TIOL-DDT 2179 </font><br>
30.08.2013<br>
Friday</strong></font></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Reimbursement of Duty (ROD) in lieu of drawback for supply of goods to SEZ developers against Indian Rupees - procedure amended </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>IN</strong> the meeting held on 7th August 2008, the Empowered Group of Ministers (EGoM) on SEZ had agreed to the request received from the various quarters for Reimbursement of Duty (RoD) for supply of goods to SEZ Developers against Indian Rupees.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">This was made law by amending Rule 30(8) of SEZ Rules by GSR 72(E) dated 3rd February 2009. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The following procedure was required to be followed by an applicant for claiming RoD- </font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(i) The Developer shall file a duty reimbursement claim in prescribed format (Form‘1') with the Development Commissioner within a period of twelve months from date of payment on a monthly or quarterly basis at the option of claimant. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(ii) On application received within six month after the expiry of last date, 2% cut shall be imposed. In case application is received after this period but within another six months, 5% cut shall be imposed. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(iii) The developer shall enclose the following documents in original along with the self attested copies: </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(a) Assessed triplicate copy of bill of export; </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(b) Original invoice of the supplier issued under Rule 11 of Central Excise Rules 2002; </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(c) Original ARE-1, if applicable; </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(d) Proof of payment in (Form ‘2')</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif" style="background-color:#FFFF00" span="span">(e) Disclaimer Certificate from DTA supplier on letter head that no CENVAT on raw material has been availed. </font></p>
</blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The Ministry has now amended the aforesaid <strong><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=260&filename=sez/sez_instructions/sez09ins009.htm" target="_blank">Instruction No.9 dated 18th February, 2009</a></strong> by substituting the para 2 (iii)(e) appearing above by the following: </font></p>
<blockquote>
<p align="justify"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">"2(iii)(e) "Disclaimer Certificate from DTA supplier on letter head that no CENVAT on raw material has been availed. However, if the DTA supplier has availed of CENVAT credit on inputs<strong> <em>to a certain extent</em></strong> then it shall furnish a certificate to the Developer indicating the exact amount claimed. The Developer may make a claim for Reimbursement of Duty after <strong><em>adjusting the CENVAT credit already availed</em></strong>." </font></p>
</blockquote>
<p align="justify"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">It's time to remember the famous notification 203/92-Cus, the VBAL Scheme& the Amnesty Scheme! </font></p>
<p align="justify"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=260&filename=sez/sez_instructions/sez13ins077.htm" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Instruction no. 77 dated August, 6, 2013 issued by Ministry of Commerce & Industry, Department of Commerce (SEZ Division) </font></strong></a></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Delegation of Powers by DG, FT </font></strong></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE</strong> following powers have been delegated - </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">Designation of the Officer </font></strong></p></td>
<td valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Delegated powers </font></strong></p></td>
</tr>
<tr>
<td valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(1) </font></strong></p></td>
<td valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(2) </font></strong></p></td>
<td valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(3) </font></strong></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">The Additional Director General of Foreign Trade </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Suspension and cancellation of Importer-Exporter Code Number </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">The Joint Director General of Foreign Trade </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Suspension of Importer-Exporter Code Number subject to confirmation by the Additional Director General within thirty days from the date of the order. </font></p></td>
</tr>
</table>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">It is also mentioned that the Director General of Foreign Trade may revoke such authorisation or may him-self exercise the powers under the said section, if in his opinion such a course of action is necessary in the public interest.</font></p>
<p align="justify"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=45&filename=notification/dgft/2013/dgft13not039.htm" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">DGFT Notification 39/(RE-2013)/2009-2014, Dated: August 29, 2013 </font></strong></a></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">e-filing of ST-3 Return for October, 2012 to March, 2013 ends tomorrow </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>IN <a href="http://www.taxindiaonline.com/RC2/inside2.php3?filename=bnews_detail.php3&newsid=18494" target="_blank">DDT 2176</a></strong>, we had mentioned this - </font></p>
<blockquote>
<p align="justify"><strong><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif">“ST- 3 Return - Online Version now Available </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"> <strong>THE </strong>ACES website proudly proclaims, "The online version of the Service Tax return (ST-3) for the period October'12 to March'13 is now available for e-filing in ACES." ACES informs that, "Assessees can also use the offline utility by downloading the latest version from <a href="http://acesdownload.nic.in/"><strong>http://acesdownload.nic.in</strong> </a>or from 'DOWNLOADS' Section of ACES website. Assessees whose ST 3 returns for the period October'12 to March'13 for "Banking and other Financial services" got rejected are requested to use the latest version of ST 3, either online or off-line to file their return. The last date of e-filing of ST 3 for the period October, 2012 to March, 2013 is <strong>31st August, 2013</strong>. To avoid congestion and inconvenience on the last date assessees are advised to start e-filing the returns immediately and not to wait till the end of the month." </font></p>
<p align="justify"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">CBEC should have made this online version available in April 2013 and they did it in the last week of August leaving just a week for filing the return . </font></p>
<p align="justify"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">CBEC should seriously consider extending the last date for filing the return from the present 31 August to at least 30 September 2013.” </font></p>
</blockquote>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><img src="http://www.taxindiaonline.com/RC2/image/stories/wait.jpg" alt="Legal Corner Icon" width="54" height="50" hspace="5" border="0" align="left">It appears that as of now, the CBEC is not interested in granting any extension as the aces website has the hourglass clock-type announcement - "<strong>Last 2 days</strong>" and the warning "<strong>Late filing attracts late fee</strong>".</font></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Offline e-filing - Grievance of a netizen </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>IN</strong> the matter of the offline e-filing utility, we received this mail - </font></p>
<blockquote>
<p align="justify"><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">"I would like to draw your attention on offline e-filing utility provided for filing ST-3 return for the period Oct-12 to March-13 through ACES. Wherein if you have entered 100% value under reverse charge mechanism (RCM) in specified column and put rate of service tax @9% for manpower, your return will get rejected. Rather this is correct mechanism as Notn. No. 30/2012-ST prescribes the % of service tax to be paid by service provider or recipient. If you go with the value 75% and update rate of service tax as 12%, ACES system is accepting the return. This is an error in new offline return in my view. Need to highlight the said issue to CBEC. </font></em></p>
<p align="justify"><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">What to do in such case? </font></em></p>
<p align="justify"><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">a) Whether to go with another option to e-file return, which may not correct in terms of Notn. No. 30/2012-ST. </font></em></p>
<p align="justify"><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">b) Shall we file the return with second option within due date and clarification if any received from CBEC, shall go for revised filing of return. </font></em></p>
<p align="justify"><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">I would request you to highlight this issue."</font></em></p>
</blockquote>
<p><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">Hope the ACES Helpdesk has a solution <strong><em>which is workable</em></strong>. </font></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Another problem in ACES faced by many return filers</font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>ANOTHER</strong> netizen writes in:</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">I would like to highlight your attention to the error being shown on the ACES website to various service tax assesses during the upload of the ST3 returns for the period Oct-Mar, 2013 since Wednesday. The said error is as follows: </font></p>
<p align="justify"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">"Uploaded XML structure is not valid, please verify the structure or log a complaint to service desk. In case you are uploading xml from return period October-March 2013 onwards, please make sure you have downloaded correct offline utility/xsd specific from October-March 2013 onwards."</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The above error is being given for all the assesses and even after filling the ST3 data in the modified ST3 utility made available on August 28, 2013. The same appears to be a technical error on the website. </font></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff Values for Areca Nuts increased on August, 21, 2013 </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE</strong> Central Government has increased the Tariff Value of Areca Nuts for the second time after they were notified on 25th June, 2013. Now, it stands at 1870 US $ Per Metric Tons. Areca Nuts began its journey at a value of 1613 and soon climbed to 1683 on August, 14, 2013. The Tariff values of various Palm oils, Palmolein, Crude Soyabean oil and Brass Scrap, Poppy Seeds, Gold and Silver remain at the same levels as notified by notification <strong><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=24&filename=notification/custom/2013/cnt13_082.htm" target="_blank">82/2013-Cus (NT)</a></strong>, dated 14/08/2013. </font></p>
<p align="justify"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=24&filename=notification/custom/2013/cnt13_085.htm" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Notification 85/2013-Cus (N.T), dated August, 21, 2013.</font></strong></a></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff Values for Gold, Silver increased</font></strong></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE</strong> Tariff values as on <strong>21.08.2013 </strong>and with effect from <strong>29.08.2013</strong> are as under: </font></p>
<p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Table 1</strong> </font></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">S. No. </font></strong></p></td>
<td width="26%" valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Chapter/ heading/ sub-heading/tariff item</font></strong></p></td>
<td width="24%" valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Description of goods</font></strong></p></td>
<td width="20%" valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff value USD(Per Metric Tonne) <br>
from 21.08.2013</font></strong></p></td>
<td width="23%" valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff value USD(Per Metric Tonne) <br>
from 29.8.2013 </font></strong></p></td>
</tr>
<tr>
<td valign="top" bgcolor="#FFBFD5"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(1) </font></strong></p></td>
<td valign="top" bgcolor="#FFBFD5"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(2) </font></strong></p></td>
<td valign="top" bgcolor="#FFBFD5"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(3) </font></strong></p></td>
<td valign="top" bgcolor="#FFBFD5"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(4) </font></strong></p></td>
<td valign="top" bgcolor="#FFBFD5"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(5) </font></strong></p></td>
</tr>
<tr>
<td valign="top"><p><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1 </font></strong></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 10 00 </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Crude Palm Oil </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">808 </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">808 </font></p></td>
</tr>
<tr>
<td valign="top" bgcolor="#FFBFD5"><p><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2 </font></strong></p></td>
<td valign="top" bgcolor="#FFBFD5"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 90 10 </font></p></td>
<td valign="top" bgcolor="#FFBFD5"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">RBD Palm Oil </font></p></td>
<td valign="top" bgcolor="#FFBFD5"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">851 </font></p></td>
<td valign="top" bgcolor="#FFBFD5"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">851 </font></p></td>
</tr>
<tr>
<td valign="top"><p><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">3 </font></strong></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 90 90 </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Others - Palm Oil </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">830 </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">830 </font></p></td>
</tr>
<tr>
<td valign="top" bgcolor="#FFBFD5"><p><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">4 </font></strong></p></td>
<td valign="top" bgcolor="#FFBFD5"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 10 00 </font></p></td>
<td valign="top" bgcolor="#FFBFD5"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Crude Palmolein </font></p></td>
<td valign="top" bgcolor="#FFBFD5"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">854 </font></p></td>
<td valign="top" bgcolor="#FFBFD5"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">854 </font></p></td>
</tr>
<tr>
<td valign="top"><p><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">5 </font></strong></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 90 20 </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">RBDPalmolein </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">857 </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">857 </font></p></td>
</tr>
<tr>
<td valign="top" bgcolor="#FFBFD5"><p><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">6 </font></strong></p></td>
<td valign="top" bgcolor="#FFBFD5"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 90 90 </font></p></td>
<td valign="top" bgcolor="#FFBFD5"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Others -Palmolein </font></p></td>
<td valign="top" bgcolor="#FFBFD5"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">856 </font></p></td>
<td valign="top" bgcolor="#FFBFD5"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">856 </font></p></td>
</tr>
<tr>
<td valign="top"><p><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">7 </font></strong></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1507 10 00 </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Crude Soyabean Oil </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">928 </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">928 </font></p></td>
</tr>
<tr>
<td valign="top" bgcolor="#FFBFD5"><p><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">8 </font></strong></p></td>
<td valign="top" bgcolor="#FFBFD5"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">7404 00 22 </font></p></td>
<td valign="top" bgcolor="#FFBFD5"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Brass Scrap (all grades) </font></p></td>
<td valign="top" bgcolor="#FFBFD5"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">3743 </font></p></td>
<td valign="top" bgcolor="#FFBFD5"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">3743 </font></p></td>
</tr>
<tr>
<td valign="top"><p><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">9 </font></strong></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1207 91 00 </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Poppy seeds </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2648 </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2648 </font></p></td>
</tr>
</table>
<p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Table 2 </font></strong></p>
<table width="90%" border="1" align="center" cellpadding="3" cellspacing="0">
<tr>
<td valign="top" bgcolor="#FFFF00"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">S. No. </font></strong></p></td>
<td valign="top" bgcolor="#FFFF00"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Chapter/ heading/ sub-heading/tariff item </font></strong></p></td>
<td valign="top" bgcolor="#FFFF00"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Description of goods </font></strong></p></td>
<td valign="top" bgcolor="#FFFF00"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff value <br>
(USD) from 21.8.2013 </font></strong></p></td>
<td valign="top" bgcolor="#FFFF00"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff value <br>
(USD) from 29.8.2013 </font></strong></p></td>
</tr>
<tr>
<td valign="top" bgcolor="#FFFF00"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(1) </font></strong></p></td>
<td valign="top" bgcolor="#FFFF00"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(2) </font></strong></p></td>
<td valign="top" bgcolor="#FFFF00"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(3) </font></strong></p></td>
<td valign="top" bgcolor="#FFFF00"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(4) </font></strong></p></td>
<td valign="top" bgcolor="#FFFF00"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(5) </font></strong></p></td>
</tr>
<tr>
<td valign="top" bgcolor="#FFFF00"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1 </font></p></td>
<td valign="top" bgcolor="#FFFF00"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">71 or 98 </font></p></td>
<td valign="top" bgcolor="#FFFF00"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Gold, in any form in respect of which the benefit of entries at serial number 321 and 323 of the Notification No. 12/2012-Customs dated 17.03.2012 is availed </font></p></td>
<td valign="top" bgcolor="#FFFF00"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">432 per 10 grams </font></p></td>
<td valign="top" bgcolor="#FFFF00"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">461 per 10 grams </font></p></td>
</tr>
<tr>
<td valign="top" bgcolor="#FFFF00"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2 </font></p></td>
<td valign="top" bgcolor="#FFFF00"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">71 or 98 </font></p></td>
<td valign="top" bgcolor="#FFFF00"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Silver, in any form in respect of which the benefit of entries at serial number 322 and 324 of the Notification No. 12/2012-Customs dated 17.03.2012 is availed </font></p></td>
<td valign="top" bgcolor="#FFFF00"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">697 per kilogram </font></p></td>
<td valign="top" bgcolor="#FFFF00"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">803 per kilogram </font></p></td>
</tr>
</table>
<p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Table 3</font></strong></p>
<table width="90%" border="1" align="center" cellpadding="3" cellspacing="0" bgcolor="#FFFF00">
<tr>
<td valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">S. No. </font></strong></p></td>
<td valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Chapter/ heading/ sub-heading/tariff item </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"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff Value (USD Per Metric Tons) from 21.8.2013 </font></strong></p></td>
<td valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff Value (USD Per Metric Tons) from 29.8.2013 </font></strong></p></td>
</tr>
<tr>
<td valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(1) </font></strong></p></td>
<td valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(2) </font></strong></p></td>
<td valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(3) </font></strong></p></td>
<td valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(4) </font></strong></p></td>
<td valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(5) </font></strong></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">080280 </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Areca nuts </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1870 </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1870 </font></p></td>
</tr>
</table>
<p><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=24&filename=notification/custom/2013/cnt13_091.htm" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Notification No. 91/2013-Cus (NT), Dated: August, 29, 2013 </font></strong></a></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">New Exchange rates Notified </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>GOVERNMENT</strong> has notified new exchange rates for Australian Dollar, Canadian Dollar, New Zealand Dollar, Norwegian Kroner, Pound Sterling, Singapore Dollar and South African Rand for imported goods and export goods with effect from 30.08.2013 by amending notification No <strong><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=24&filename=notification/custom/2013/cnt13_083.htm" target="_blank">83/2013</a></strong>-Customs (N.T.) dated the 14th August, 2013. </font></p>
<p align="justify"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=24&filename=notification/custom/2013/cnt13_092.htm" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Notification 92/2013-Cus (N.T), dated August 29, 2013. </font></strong></a></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Notf. 108/95-CE - notification requires that officer should certify that said goods are required for execution of project and that said project has duly been approved by GOI - certificate not in name of manufacturer is no reason to deny benefit </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>IN</strong> respect of excisable goods cleared in terms of notification 108/95-CE, a SCN was issued seeking denial of the exemption on the ground that the assesse had not submitted the documentary evidence as prescribed in the notification. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The assesse produced the certificate before the adjudicating authority and the proceedings were dropped. Revenue was not satisfied with the ‘certificate' and took the matter to the Commissioner (A) where they lost. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">So, the Revenue is before the CESTAT. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The Bench observed -</font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><em><font color="#663399">"5. We find that as per the benefit of Notification no. 108/95 dt. 28.8.1995, the project has to be proved by the Government of India and certificate from the specified officer is required in respect of the goods that the same are required for the execution of the said project. </font></em></font></p>
<p align="justify"><font color="#663399"><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">6. Both the authorities below held that applicant produced the necessary certificate that the goods in question are required for the project by the Government of India. Before us only objection raised by the Revenue is that certificate was not in the name of present respondents. From the reading of the notification, we find that the certificate is to be in respect of the goods that the same are required for the project. As the respondents has produced necessary certificate, which is accepted by the authorities below that goods in question are for the project approved by the Government of India. Therefore, we find no merit in the appeal. The appeal is dismissed."</font></em></font></p>
</blockquote>
<p align="justify"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">Hope Revenue is satisfied. </font></p>
<p><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">See <a href="http://www.taxindiaonline.com/RC2/caseLawDet.php?QoPmnXyZ=ODk2MDg=" target="_blank"><font size="1">2013-TIOL-1291-CESTAT-MUM</font></a></font></strong></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">DDT Cartoon </font></strong></p>
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<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"> - Monday's cases</font></strong></font></strong></font></p>
<p><strong><font color="#663399" 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">Service Tax </font></strong></p>
<p align="justify"><strong><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif">ST - From budget-speech and Circulars issued by Board at various points of time, what emerges so far as Life Insurance is concerned is that prior to 1.5.2011 Service Tax was leviable on risk premium and nothing else - If that be so, it is not understood as to how various charges collected by insurer in addition to risk premium can be taxed under ‘Life Insurance Service' - sweeping observation by adjudicating without examining matter - order set aside and matter remanded: CESTAT </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE</strong> appellant is registered under ‘Insurance Auxiliary Service', ‘Life Insurance Service', ‘Renting of Immovable Property' and ‘Business Support Services'. Audit of the records of the appellant company revealed that during the financial year 2004-05 to 2008-09 , the appellant had not included income earned in the nature of - (a) Recovery of Agency Processing Fees, (b) Lapse Charges, (c) Back Dating Alteration Charges, (d) recoveries on Look in and (e) Policy Reinstatement Fees, in the gross taxable value. </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">I-T - Whether when banks have seized assets of assessee and auctioned same to highest bidders, assessee can still claim notional depreciation - NO: ITAT </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE </strong>issues before the Bench are - Whether depreciation u/s 32 is an allowance for natural wear and tear of the assets; Whether when the banks have seized the assets of the assessee and auctioned the same to the highest bidders, the assessee can still claim notional depreciation and Whether when due to one-time settlement, assessee considered the amount of interest outstanding as paid first, no disallowance can be made u/s 43B particularly when for the principal amount which remained unpaid is already offered by the assessee. And the verdict partly goes against the assessee. </font></p>
<p align="justify"><strong><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif">Excise </font></strong></p>
<p align="justify"><strong><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif">CENVAT Credit - Inputs received from 100% EOUs - Restriction under Rule 3(7)(a) of CENVAT Credit Rules is not applicable to clearances made by EOU under Sl No 1 of Notification No 23/2003 CE: CESTAT</font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE</strong> appellant argued that the provisions of Rule 3(7)(a) prescribing a formula for determining Cenvat credit available in respect of inputs received from a 100% EOU are applicable only when the inputs received, from a 100% EOU have suffered duty under S.No.2 of the Notification No. 23/2003, as all the provisions of this sub-rule are in respect of inputs received from 100% EOU on which the duty has been paid under S.No.2 of the table to the Notification No. 23/03-CE, that since in this case the inputs, had suffered duty under S.No.1 of the notification, the provisions of the rule 3(7)(a) are not applicable. </font></p>
<p><strong><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif">See our Columns Monday for the judgements</font></strong></p>
<p><font color="#FF6666" size="2" face="Verdana, Arial, Helvetica, sans-serif">Until Monday with more <strong>DDT</strong></font></p>
<p><font color="#FF6666" size="2" face="Verdana, Arial, Helvetica, sans-serif">Have a nice weekend. </font></p>
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