TIOL-DDT 2190 · the untouched capture
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<p><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><font color="#663399" size="3" face="Verdana, Arial, Helvetica, sans-serif">TIOL-DDT 2190 </font><font size="3" face="Verdana, Arial, Helvetica, sans-serif"></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><br>
16.09.2013 <br>
Monday</font></strong></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Duty Drawback -Government Notifies New AIR </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>FRIDAY's <a href="http://www.taxindiaonline.com/RC2/inside2.php3?filename=bnews_detail.php3&newsid=18612" target="_blank">DDT 2189</a></strong> had mentioned that the Finance Minister had directed a downward revision of Drawback rates and the very next day they have been reduced. Please recall our extract from the minutes of the Chief Commissioners' Conference,"</font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><em>Drawback: </em></strong><em>It was pointed out that in the first quarter of the year, drawback refunds have increased by 47% as compared to last year. It was observed that drawback under All Industry Rate is fixed in terms of ‘Indian Currency' and hence, drawback refund outgo will be high despite the decline in the export due to depreciation of Rupee. FM directed that All Industry Rates be re-fixed considering the devaluation of Indian currency and the revised rate should be made effective from 01.04.2013. </em></font></p>
</blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Fortunately they are not given retrospective effect. The new Rates will come into effect from 21.09.2013. The last revision was on 10th October 2012 by Notification No. 92/2012-Cus NT, which is now superseded. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The Notes and Conditions are almost identical, but the rates have gone down in most cases. The Press Note issued by the Ministry states, "<em>With the revised rates, the Central Government will continue to support exporters with substantial total drawback</em>.” </font></p>
<p align="justify"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=24&filename=notification/custom/2013/cnt13_098.htm" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Notification No. 98/2013 - Cus NT, Dated: September 14, 2013</font></strong></a></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Drawback - What is ‘said Schedule'? </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>IN</strong> the above drawback notification, there is a major drawback. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The opening paragraph of the Notification states, "<em>the Central Government hereby determines the rates of drawback as specified in the Schedule annexed hereto (hereinafter referred to as the <strong>said Schedule</strong>) subject to the following notes and conditions, namely:-</em>" </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">So, throughout the notification, the <em><strong>said Schedule</strong></em> means the Drawback Schedule annexed to the Notification. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Condition (2) of the Notifications reads as, <em>"The General Rules for the Interpretation of the<strong> First Schedule</strong> to the said Customs Tariff Act, 1975 shall mutatis mutandis apply for classifying the export goods listed in the <strong>said Schedule</strong>.</em>” </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Now there are two schedules here - one is the <strong>First Schedule</strong> to the Tariff Act and the other is the Drawback <strong>Schedule</strong>. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">And here the confusion starts: </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Condition (3) of the notification declares, "Notwithstanding anything contained in the <strong>said Schedule...</strong>"</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Here what the Government means is the ‘<strong>First Schedule</strong>' and not the ‘<strong>said schedule</strong>' . </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">DDT had pointed out this defect in <strong><a href="http://www.taxindiaonline.com/RC2/NewsDesc.php?MpoQSrPnM=MTc2NTU=" target="_blank">DDT 2096 02.05.2013</a></strong> and asked <font color="#FF0000"><strong>Will the Board clarify/rectify?</strong></font></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">But obviously it was not heard. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">In all fairness to the present draftsman, it must be admitted that this is not a new mistake and it first occurred in 2006 by Notification No. 114/2006 - Cus NT dated 22.11.2006 and has been religiously continued since then with regal regularity year after year. </font></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Drawback Rules Amended </font></strong></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>IN</strong> the existing Rules, no drawback was allowed on the following goods </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">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>
</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">0401 </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Milk and cream, not concentrated nor containing added sugar or other sweetening matter </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">0402 </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Milk and cream, concentrated or containing added sugar or other sweetening matter </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">0403 </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Buttermilk, curdled milk and cream, yogurt, kephir and other fermented or acidified milk and cream, whether or not concentrated or containing added sugar or other sweetening matter or flavoured or containing added fruit, nuts or cocoa </font></p></td>
</tr>
<tr>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">4 </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">0404 </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Whey, whether or not concentrated or containing added sugar or other sweetening matter; products consisting of natural milk constituents, whether or not containing added sugar or other sweetening matter, not elsewhere specified or included </font></p></td>
</tr>
<tr>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">5 </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">0405 </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Butter and other fats and oils derived from milk; dairy spreads </font></p></td>
</tr>
<tr>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">6 </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">0406 </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Cheese and curd</font></p></td>
</tr>
<tr>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">7 </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1006 </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Rice </font></p></td>
</tr>
<tr>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">8 </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">3501 </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Casein, caseinates and other casein derivatives; casein glues </font></p></td>
</tr>
</table>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Now drawback is allowed on all the above items except Rice (at Sl. No.7) and wheat falling within heading 1001. Drawback rates have also been notified for the above goods at 1% when CENVAT Credit has not been availed and 0.3% when CENVAT facility has been availed. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">These rules are called the Customs, Central Excise Duties and Service Tax Drawback (Amendment) Rules, 2013 and would come into force on 21st September, 2013. </font></p>
<p align="justify"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=24&filename=notification/custom/2013/cnt13_097.htm" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Notification No. 97/2013 - Cus NT, Dated: September 14, 2013 </font></strong></a></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff Values of Gold and Silver reduced - Other items also affected </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE </strong>Government has reduced the Tariff values of Gold and Silver and changed the values of all other items except Areca Nuts. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff values as on <strong>30.08.2013</strong> and with effect from <strong>13.09.2013</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 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 Tonne) <br>
from 30.08.2013 </font></strong></p></td>
<td valign="top"><p align="center"><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff value USD(Per Metric Tonne) <br>
from 13.09.2013 </font></strong></p></td>
</tr>
<tr>
<td valign="top" bgcolor="#FFCADB"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(1) </font></strong></p></td>
<td valign="top" bgcolor="#FFCADB"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(2) </font></strong></p></td>
<td valign="top" bgcolor="#FFCADB"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(3) </font></strong></p></td>
<td valign="top" bgcolor="#FFCADB"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(4) </font></strong></p></td>
<td valign="top" bgcolor="#FFCADB"><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">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">833 </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">827 </font></p></td>
</tr>
<tr>
<td valign="top" bgcolor="#FFCADB"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2 </font></p></td>
<td valign="top" bgcolor="#FFCADB"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 90 10 </font></p></td>
<td valign="top" bgcolor="#FFCADB"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">RBD Palm Oil </font></p></td>
<td valign="top" bgcolor="#FFCADB"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">875 </font></p></td>
<td valign="top" bgcolor="#FFCADB"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">868 </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">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">854 </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">848 </font></p></td>
</tr>
<tr>
<td valign="top" bgcolor="#FFCADB"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">4 </font></p></td>
<td valign="top" bgcolor="#FFCADB"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 10 00 </font></p></td>
<td valign="top" bgcolor="#FFCADB"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Crude Palmolein </font></p></td>
<td valign="top" bgcolor="#FFCADB"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">879 </font></p></td>
<td valign="top" bgcolor="#FFCADB"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">880 </font></p></td>
</tr>
<tr>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">5 </font></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">882 </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">883 </font></p></td>
</tr>
<tr>
<td valign="top" bgcolor="#FFCADB"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">6 </font></p></td>
<td valign="top" bgcolor="#FFCADB"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 90 90 </font></p></td>
<td valign="top" bgcolor="#FFCADB"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Others -Palmolein </font></p></td>
<td valign="top" bgcolor="#FFCADB"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">881 </font></p></td>
<td valign="top" bgcolor="#FFCADB"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">882 </font></p></td>
</tr>
<tr>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">7 </font></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">951 </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">963 </font></p></td>
</tr>
<tr>
<td valign="top" bgcolor="#FFCADB"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">8 </font></p></td>
<td valign="top" bgcolor="#FFCADB"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">7404 00 22 </font></p></td>
<td valign="top" bgcolor="#FFCADB"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Brass Scrap (all grades) </font></p></td>
<td valign="top" bgcolor="#FFCADB"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">3745 </font></p></td>
<td valign="top" bgcolor="#FFCADB"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">3785 </font></p></td>
</tr>
<tr>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">9 </font></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">2763 </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2717 </font></p></td>
</tr>
</table>
<p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Table 2</strong></font></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 30.8.2013 </font></strong></p></td>
<td valign="top" bgcolor="#FFFF00"><p align="center"><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff value <br>
(USD) from 13.09.2013 </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">458 per 10 grams </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>
</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">783 per kilogram </font></p></td>
<td valign="top" bgcolor="#FFFF00"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">736 per kilogram </font></p></td>
</tr>
</table>
<p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Table 3 </font></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 (USD Per Metric Tons) from 30.8.2013 </font></strong></p></td>
<td valign="top" bgcolor="#FFFF00"><p align="center"><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff Value (USD Per Metric Tons) from 13.09.2013 </font></strong></p></td>
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<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>
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<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">080280 </font></p></td>
<td valign="top" bgcolor="#FFFF00"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Areca nuts </font></p></td>
<td valign="top" bgcolor="#FFFF00"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1870 </font></p></td>
<td valign="top" bgcolor="#FFFF00"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1870 (no change) </font></p></td>
</tr>
</table>
<p><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=24&filename=notification/custom/2013/cnt13_096.htm" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Notification No. 96/2013-Cus (NT), Dated: September 13, 2013 </font></strong></a></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Central Excise - Exemption for Goods Used in Rotor Blades - Expanded </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>AS</strong> per Sl. No. 327 of Notification No. 12/2012-CE, dated 17.03.2012, certain goods used in the manufacture of rotor blades for wind operated electricity generators are exempted. Now the exemption is expanded to include intermediates, parts and sub-parts of rotor blades. </font></p>
<p><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=30&filename=notification/excise/2013/etariff13_27.htm" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Notification No. 27/2013-CE, Dated: September 12, 2013</font></strong></a></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Rotation of officials working in sensitive posts - CVC Directions </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>CENTRAL</strong> Vigilance Commission had earlier instructed that Ministries/Departments/Organisations and CVOs are to identify the sensitive posts and staff working in these posts and also ensure that they are strictly rotated after every two/three years to avoid developing vested interests. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The Commission has observed that such rotational transfers are not affected in many organisations due to which officials continue to remain in the same posts for long periods. Such overstay and continuous postings afford scope for indulging in <strong>corrupt activities</strong>, developing vested interests etc. which may not be in the interest of the organisation. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">So, the Commission wants periodical rotation of officials holding sensitive posts/jobs to be ensured. Heads/CVOs of all Departments/Organisations are advised to ensure strict compliance of the Commission's guidelines and implement the same in letter and spirit. Further, the CVOs should specifically report the action taken indicating the number of officials rotated/transferred in the respective organisations in the Monthly Report of CVOs submitted to the Commission. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">What are <strong>Sensitive Posts</strong>? At least in the Revenue Department, they are identified as posts with potential to make money and rotational transfers are required to give an equitable opportunity to all. Officers in non-sensitive posts feel cheated when they are not shifted to sensitive posts even after two or three years and some favoured officers continuing in sensitive posts well beyond the stipulated tenure. Rich getting richer and poor becoming poorer - in a higher sense! </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Transfer is a High Net Worth commercial Activity in many Departments! </font></p>
<p><a href="http://www.taxindiaonline.com/RC2/pdfdocs/wnew/cir_13092013.pdf" target="_blank"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Central Vigilance Commission Circular No. 03/09/13-CE, Dated: September 11, 2013 </strong></font></a></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">FEMA - Export of Goods and Services-Simplification of Declaration Form </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>AS</strong> per the Foreign Exchange Management (Export of Goods and Services) Regulations, 2000, every exporter of goods or software has to give declaration in one of the forms (GR/PP/SDF/SOFTEX/Bulk SOFTEX) and submit it to the specified authority for certification. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">In order to simplify the existing form used for declaration of exports of Goods/Software, a common form called "Export Declaration Form” (EDF) has been devised to declare all types of export of goods from Non-EDI ports and a common "SOFTEX Form” to declare single as well as bulk software exports. The EDF will replace the existing GR/PP form used for declaration of export of Goods. The procedure relating to the exports of goods through EDI ports will remain the same and SDF form will be applicable as hitherto. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Under the revised procedure, the exporters will have to declare all the export transactions, including those less than USD 25000, in the form as applicable. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">This comes into effect from 1.10.2013. </font></p>
<p align="justify"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=280&filename=notification/rbi/2013/rbi13cir043.htm" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">RBI/2013-14/254 A.P. (DIR Series) Circular No.43, Dated: September 13, 2013 </font></strong></a></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">New Companies Act - MoCA Clarifies </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE</strong> Companies Act 2013 received the assent of the President on 29th August, 2013 and was notified in the Gazette of India on 30th August, 2013.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Ministry of corporate Affairs has also notified 98 Sections for implementation of the provisions of the companies Act, 2013 on 12.9.2013. Certain difficulties have been expressed by the stakeholders in the implementation of following provisions of the said Act. With a view to facilitate proper administration of the Act, Ministry has clarified that: </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Sub-section (58) of section 2:- Registrar of Companies may register those Memorandum and Articles of Association received till 11.9.2013 as per the definition clause of the ‘private company' under the Companies Act 1956 without referring to the definition of ‘private company' under the new Act. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Section 102:- All companies which have issued notices of general meeting on or after 12.9.2013, the statement to be annexed to the notice shall comply with additional requirements as prescribed in section 102 of the new Act. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Section 133:- Till the Standards of Accounting or any addendum thereto are prescribed by Central Government in consultation and recommendation of the National Financial Reporting Authority, the existing Accounting Standards notified under the Companies Act 1956 shall continue to apply. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Section 180:- In respect of requirements of special resolution under Section 180 of the new Act, as against ordinary resolution required by the Companies Act 1956, if notice for any such general meeting was issued prior to 12.9.2013, then such resolution may be passed in accordance with the requirement of the Companies Act 1956. </font></p>
<p align="justify"><a href="http://www.taxindiaonline.com/RC2/inside2.php3?filename=wnew/mca_circular_15_2013.htm" target="_blank"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Ministry of Corporate Affairs General Circular No. 15/2013-CE, Dated: September 13, 2013 </strong></font></a></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">ITAT Needs a President - Any High Court Judge Interested? </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE </strong>post of the President of the Income Tax Appellate Tribunal - the oldest and largest Tribunal in India is lying vacant for more than three years and now the Law Ministry has decided to initiate the process of appointment of a President. They have written to all the High Court Registrars General to send the names of sitting or retired judges of the High Courts with at least seven years service as a judge and who are willing to be considered for the post. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">No sitting judge of a High Court would normally like to become President of the Tribunal for the only benefit is three years of additional service (unless he is going to retire in a couple of months). In fact a serving President of the Tribunal had joined a High Court as a junior judge - and with three years of service foregone. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The letter from the Law Ministry is dated 29th August and they want the High Courts to send the names by 13th September by which time the letter might not have even reached all the Registrars. If they are serious about appointing a High Court Judge, they should give wide publicity to this and give enough time. Maybe the last date should be extended by a month. </font></p>
<p align="justify"><a href="http://www.taxindiaonline.com/RC2/inside2.php3?filename=wnew/LawMinistrycircular.htm" target="_blank"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Ministry of Law and Justice Letter No.A-12023(1)/2/2013-Admn.III(LA) Dated: August 29, 2013 </strong></font></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"> – Tuesday'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">Central Excise</font></strong></p>
<p align="justify"><strong><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif">Rule 9B of CER, 1944 - Refund - Unjust enrichment will not be applicable for refunds arising out of finalization of provisional assessments pertaining to period prior to 25.06.1999 even if assessments are finalized after 25.06.1999: Larger Bench of CESTAT</font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE</strong> issue involved pertains to finalization of the assessments for the period from 1986 to 1998 pursuant to the order passed by the Gujarat High Court.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Two questions arose in the said appeal before the CESTAT. </font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><em>(i) Whether the adjustment of the excess amount against the short paid amount has been correctly made? </em></font></p>
<p align="justify"><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(ii) Whether the surplus (excess) amount, after adjustment, is subjected to refund based on the amended provisions of the erstwhile Rule 9B of the Central Excise Rules, 1944 ('the Rules'), which was amended on 25th June, 1999, whereas the assessments pertain to the period 1986 to 1998, although the assessments were finalized on 14th October, 2005 by the Asst. Commissioner?. </font></em></p>
</blockquote>
<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 purchased shares for lock-in period of three years and for acquiring management rights in company, there cannot be presumption that shares were acquired with object of trading and not investment - YES: Bombay HC </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE</strong> assessee is a private limited company engaged in the business of investments. Assessee declared long term capital gain arising from sale of shares of ‘M' an unlisted company to two other shareholders of ‘M'. Assessee claimed benefit of deduction of entire capital gain as it was invested in specified bonds u/s 54EC. The issue before the Bench is - Whether when the assessee purchased shares for a lock in period of three years and for acquiring management rights in the company, there cannot be a presumption that the shares were acquired with the object of trading and not investment. And the verdict goes in favour of the assessee. </font></p>
<p align="justify"><strong><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif">Service Tax </font></strong></p>
<p align="justify"><strong><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif">Pipes or pipeline does not come under category of ‘plant, machinery or equipment' and, therefore, laying of pipeline does not come within scope of ‘Commissioning or Installation Service'-Rs.3.36 cr. demand rightly dropped- Revenue appeal dismissed: CESTAT</font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE</strong> respondent entered into an agreement with M/s. ONGC dated 17/03/2003 for laying of submarine pipelines for the transport of petroleum crude oil from Bombay High and Bassein Field Offshore sites.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The department was of the view that the said activity undertaken by the respondent is exigible to service tax under the category of ‘Commissioning and Installation Service' and accordingly issued a notice dated 01.10.2006 demanding service tax of Rs.3,36,33,940/- for the period 01/07/2003 to 31/03/2004.</font></p>
<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>
<p><font color="#FF6666" size="2" face="Verdana, Arial, Helvetica, sans-serif">Mail your comments to</font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"> <a href="mailto:vijaywrite@taxindiaonline.com"><strong>vijaywrite@taxindiaonline.com</strong></a></font></p>
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