TIOL-DDT 2263 · 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 size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><font color="#006600"><strong><strong><strong><strong><strong><strong><strong><strong><strong><img width="115" height="125" border="0" align="right" src="image/ddt/10yearsDDT.jpg" alt="" /></strong></strong></strong></strong></strong></strong></strong></strong></strong></font></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></font></strong></font></strong></font></strong></font></strong></font></strong></font></strong></font></strong></font></strong></font></strong></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><font color="#006600"><strong><strong><strong><strong><strong><strong><strong><strong><strong><a href="http://www.taxindiaonline.com/RC2/inside2.php3?filename=bnews_detail.php3&newsid=17063"><img width="175" hspace="5" height="120" border="0" align="right" src="http://www.taxindiaonline.com/RC2/image/stories/limca_book2013.jpg" alt="DDT in Limca Book of Records" /></a></strong></strong></strong></strong></strong></strong></strong></strong></strong></font></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></font><font color="#663399" size="3">TIOL-DDT 2263</font><br>
01.01.2014<br>
Wednesday</strong></font></p>
<p align="center"> </p>
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<td><p align="center"><strong><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif">HAPPY NEW YEAR</font></strong></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><img src="http://www.taxindiaonline.com/RC2/image/stories/HAPPY_NEW%20_YEAR.jpg" alt="Legal Corner Icon" width="244" height="244" hspace="5" border="0" align="center"></font></p> </td>
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<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">CENVAT Credit on Invoices Issued by Importer - Amendments to Rules </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE</strong> Central government has amended the Central Excise Rules, 2002 in the following manner. These amendments would become operational with effect from 01.03.2014. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Rule 9(1) at present reads - </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(1) Every person, who produces, manufactures, carries on trade, holds private store-room or warehouse or otherwise <font color="#663399">uses excisable goods</font>, shall get registered: </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The proposed amendment would result in the following - </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(1) Every person, who produces, manufactures, carries on trade, holds private store-room or warehouse or otherwise uses excisable goods <font color="#663399">or an importer who issues an invoice on which CENVAT Credit can be taken</font>, shall get registered: </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><em><font color="#844242">Why should an importer who issues an invoice on which CENVAT credit can be taken get registered? </font></em></font></p>
<p align="justify"><font color="#844242"><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">This is a long story and correction of a 12 year old mistake. The basic question is can CENVAT Credit be taken on an invoice issued by an importer? As per Rule 9(a)(ii) of the CENVAT Credit Rules, 2004, an invoice issued by an importer is a valid document for taking credit - but should the importer get registered as a dealer and is he required to enclose a copy of the Bill of Entry along with his invoice? Can he issue several invoices for one Bill of Entry? Who will verify whether he is passing on more credit than the CVD he paid? And what happens if he does? The Department usually adopts the easy method - deny credit. </font></em></font></p>
<p align="justify"><font color="#844242"><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Go back to history - twelve years - when we had the Central Excise Rules 1944 - let us see some of the provisions: </font></em></font></p>
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<td valign="top"><p><font color="#844242"><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Central Excise Rules 1944 </font></em></font></p></td>
<td valign="top"><p><font color="#844242"><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Central Excise Rules 2002/CENVAT Credit Rules 2004 </font></em></font></p></td>
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<td valign="top"><p><font color="#844242"><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Rule 174: registration: A person issuing an invoice under Rule 57AE was required to get registered. As per Rule 57AE an invoice issued by an importer under Rule 52AA was an eligible document for taking CENVAT Credit. 52 AA specified the procedure for issuing invoice. </font></em></font></p>
<p><font color="#844242"><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">So an importer who wanted to issue a cenvat table invoice had to get registered and follow the procedure under Rule52AA. </font></em></font></p></td>
<td valign="top"><p><font color="#844242"><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Rule 9: registration: No requirement of registration for a person issuing invoice. </font></em></font></p>
<p><font color="#844242"><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">An importer issuing an invoice is not required to get registered. </font></em></font></p></td>
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<p align="justify"><font color="#844242"><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Of course there are other minor complications like First and Second Stage dealers. Even before this concept of registered dealers was introduced, Modvat Credit was allowed on the triplicate copy of the Bill of Entry or an endorsed copy.</font></em></font></p>
<p align="justify"><font color="#844242"><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Recently the Finance Minister had constituted a Forum under the chairmanship of his adviser Dr. Parthasarathy Shome. The Forum brought to the notice of the FM certain difficulties faced by the trade and this was one of the problems. The FM readily solved some of the issues and issued directions. This was one of them. </font></em></font></p>
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<td bgcolor="#CCCCCC"><p align="justify"><strong><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">CENVAT Credit on endorsed bill of entry - </font></em></strong></p>
<p align="justify"><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Issue: The earlier practice of endorsement of Bill of Entry by customs officer to an importer has since been dispensed with. This has led to ambiguity as to the mechanism by which CENVAT credit would be available to a subsequent manufacturer receiving the imported goods. </font></em></p>
<p align="justify"><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Decision: A process is being designed to get the importers to register with the Department, who may then more easily pass on the CENVAT credit of CVD to a manufacturer. The new mechanism will be in place by 31/12/2013. </font></em></p></td>
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<p align="justify"><font color="#844242"><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">As promised, CBEC has made the necessary changes in the Rules and issued the notifications on 31/12/2013. </font></em></font></p>
<p align="justify"><font color="#844242"><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>What are the changes?</strong> The Central Excise Rules 2002 and the CENVAT Credit Rules 2004 are amended with effect from 1.3.2014. </font></em></font></p>
<blockquote>
<p align="justify"><font color="#844242"><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1. Registration is made mandatory for importers issuing invoices on which CENVAT Credit can be taken. </font></em></font></p>
<p align="justify"><font color="#844242"><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2. </font><font size="2" face="Verdana, Arial, Helvetica, sans-serif">An importer issuing cenvat table invoice is now made a “First Stage Dealer” </font></em></font></p>
<p align="justify"><font color="#844242"><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">3. Certain consequential amendments are made. </font></em></font></p>
</blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">In order to simplify the 1944 Rules, some of these provisions were simply wiped off from the statute - and now they are brought back with avoidable confusion. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">There are still some questions to be answered. </font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1. Is a manufacturer's depot required to be registered? </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2. Is an importer's depot required to be registered? </font></p>
</blockquote>
<p align="justify"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=30&filename=notification/excise/2013/exnt13_17.htm" target="_blank"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Notification No. 17/2013-CX., (N.T.), Dated: December 31, 2013 and </strong></font></a></p>
<p align="justify"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=30&filename=notification/excise/2013/exnt13_18.htm" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Notification No. 18/2013-CX., (N.T.), Dated: December 31, 2013 </font></strong></a></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">File new Customs baggage declaration from 1st March, 2014 </font></strong></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>IN <a href="http://www.taxindiaonline.com/RC2/NewsDesc.php?MpoQSrPnM=MTkzNTQ=" target="_blank">DDT 2257</a></strong>, dated 23rd December, 2013 we mentioned - </font></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">New Customs Declaration form to be filled from January 1, 2014 </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>YESTERDAY</strong>, PTI carried the following news item -</font></p>
<blockquote>
<p align="left"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">New customs form for Indians, foreigners from Jan 1 </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">New Delhi: All passengers coming to India will be filling up an ''Indian Customs Declaration Form'' seek details that will be different from the detachable perforated strip which is part of the immigration card at the moment. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">And all the news portals started flashing the same and the newspapers followed suit today. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">DDT too received a few calls and mails asking as to why we had not reported this important news.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">DDT would like to inform that the PTI news item is only a <font color="#FF0000"><strong>reminder</strong></font> to<em> "all the passengers coming to India"</em> that the new Customs Declaration form would be required to be filled from January, 1, 2014.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">In fact, this is warranted in terms of the Customs Notification <a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=24&filename=notification/custom/2013/cnt13_090.htm"><strong>90/2013-Cus(NT)</strong> </a> dated August 29, 2013 by which the Customs Baggage Declaration Regulations, 2013 have been framed and which regulations are to come into effect from January 1, 2014. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Please visit <strong> <a href="http://www.taxindiaonline.com/RC2/NewsDesc.php?MpoQSrPnM=MTg1NDc=">DDT 2181</a></strong><a href="http://www.taxindiaonline.com/RC2/NewsDesc.php?MpoQSrPnM=MTg1NDc="> </a> dated 03.09.2013 wherein we had carried a detailed story on the issue. </font></p>
</blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Yesterday afternoon too, the PTI carried the following new item - </font></p>
<blockquote>
<p align="justify"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">New customs form for passengers coming to India </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">New Delhi, Dec 31 (PTI) All passengers coming to India will have to fill in a new detailed customs form on their arrival from tomorrow. <br>
<br>
It will help authorities check duty frauds and cases of under-valuation as well keep a record of gold jewellery and bullion being brought into the country. <br>
<br>
Also from January 1, Indian citizens will have to fill up immigration form only when they go out. </font></p>
</blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">We felt that this was just another reminder to passengers who would be reaching India at the break of dawn after their New Year party abroad. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif" >Ironically, at the time when this news was being flashed by the Press Trust of India yesterday, the CBEC had uploaded on its website a new notification dated 30th December, 2013 by which - </font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif" style="background-color:#FFFF00" span="span"><strong>2.</strong> In regulation 2 of the Customs Baggage Declaration Regulations, 2013, for the figures, letters and word “ 1st January, 2014 ”, the figures, letters and word “ 1st March, 2014 ” shall be substituted. </font></p>
</blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">So, the fact of the matter is that there is no need to worry for the passengers coming to India. <font color="#FF0000"><em><strong>The new baggage declaration forms are to be filed from 1st March, 2014, at least as of now!</strong></em></font></font></p>
<p align="justify"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=24&filename=notification/custom/2013/cnt13_133.htm" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Notification 133/2013-Cus (NT), dated December 30, 2013. </font></strong></a></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff Value of Gold, Silver and other items reduced </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE </strong>Government has decreased the Tariff value of Gold from 398 USD to 392 USD per 10 gms and that of Silver from 643 to 638 USD per kilogram with effect from 31.12.2013. The Tariff Values of oil have also been reduced. However the tariff values of brass scrap and poppy seeds have been increased. There is no change in the tariff value of areca nuts. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The Tariff values as on <strong>13.12 .2013</strong> and with effect from <strong>31 .12.2013</strong> are as under: </font></p>
<p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Table 1 </font></strong></p>
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<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"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff value USD (Per Metric Tonne)<br>
from 13.12.2013 </font></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 31.12.2013 </font></strong></p></td>
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<tr bgcolor="#FFD7EB">
<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"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(5) </font></p></td>
<td valign="top"><p align="center"><font color="#FF0000"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(4) </font></strong></font></p></td>
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<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">912 </font></p></td>
<td valign="top"><p><font color="#FF0000"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">892 </font></strong></font></p></td>
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<td valign="top"><p><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2 </font></strong></p></td>
<td valign="top" bgcolor="#FFD7EB"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 90 10 </font></p></td>
<td valign="top" bgcolor="#FFD7EB"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">RBD Palm Oil </font></p></td>
<td valign="top" bgcolor="#FFD7EB"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">947 </font></p></td>
<td valign="top" bgcolor="#FFD7EB"><p><font color="#FF0000"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">922 </font></strong></font></p></td>
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<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">930 </font></p></td>
<td valign="top"><p><font color="#FF0000"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">907 </font></strong></font></p></td>
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<tr bgcolor="#FFD7EB">
<td valign="top"><p><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">4 </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 Palmolein </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">954 </font></p></td>
<td valign="top"><p><font color="#FF0000"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">925 </font></strong></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">957 </font></p></td>
<td valign="top"><p><font color="#FF0000"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">928 </font></strong></font></p></td>
</tr>
<tr bgcolor="#FFD7EB">
<td valign="top"><p><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">6 </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 -Palmolein </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">956 </font></p></td>
<td valign="top"><p><font color="#FF0000"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">927 </font></strong></font></p></td>
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<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">995 </font></p></td>
<td valign="top"><p><font color="#FF0000"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">958 </font></strong></font></p></td>
</tr>
<tr bgcolor="#FFD7EB">
<td valign="top"><p><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">8 </font></strong></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">7404 00 22 </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Brass Scrap (all grades) </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">3930 </font></p></td>
<td valign="top"><p><font color="#FF0000"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">3940 </font></strong></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">3154 </font></p></td>
<td valign="top"><p><font color="#FF0000"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">3195 </font></strong></font></p></td>
</tr>
</table>
<p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Table 2 </font></strong></p>
<table border="1" align="center" cellpadding="3" cellspacing="0">
<tr bgcolor="#FFFF00">
<td width="42" valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">S. No.</font></strong></p></td>
<td width="144" 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="118" valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Description of goods </font></strong></p></td>
<td width="108" valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff value <br>
(USD) from 13.12.2013 </font></strong></p></td>
<td width="118" valign="top"><p align="center"><font color="#FF0000"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff value <br>
(USD) from 31.12.2013 </font></strong></font></p></td>
</tr>
<tr bgcolor="#FFFF00">
<td width="42" valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(1) </font></strong></p></td>
<td width="144" valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(2) </font></strong></p></td>
<td width="118" valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(3) </font></strong></p></td>
<td width="108" valign="top"><p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(5) </font></p></td>
<td width="118" valign="top"><p align="center"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">(4) </font></p></td>
</tr>
<tr bgcolor="#FFFF00">
<td width="42" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1 </font></p></td>
<td width="144" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">71 or 98 </font></p></td>
<td width="118" valign="top"><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 width="108" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">398 per 10 grams</font></p></td>
<td width="118" valign="top"><p><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">392 per 10 grams </font></strong></p></td>
</tr>
<tr bgcolor="#FFFF00">
<td width="42" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2 </font></p></td>
<td width="144" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">71 or 98 </font></p></td>
<td width="118" valign="top"><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 width="108" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">643 per kilogram </font></p></td>
<td width="118" valign="top"><p><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">638 per kilogram </font></strong></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">
<tr bgcolor="#FFFF00">
<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 width="21%" valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff Value (USD Per Metric Tons) from 13.12.2013 </font></strong></p></td>
<td width="26%" valign="top"><p align="center"><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff Value (USD Per Metric Tons) from 31.12.2013 </font></strong></p></td>
</tr>
<tr bgcolor="#FFFF00">
<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 width="21%" valign="top"><p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(5) </font></p></td>
<td width="26%" valign="top"><p align="center"><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">(4) </font></strong></p></td>
</tr>
<tr bgcolor="#FFFF00">
<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 width="21%" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1816 </font></p></td>
<td width="26%" valign="top"><p><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">1816 (no change) </font></strong></p></td>
</tr>
</table>
<p><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=24&filename=notification/custom/2013/cnt13_134.htm" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Notification No. 134/2013-Cus (NT), Dated: December 31, 2013 </font></strong></a></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">FTP - Application for grant of authorization for export of various chemicals in terms of Notification No. 56 dated 12.12.2013. </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>EXPORT</strong> of </font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(i) Dimethylamine Hydrochloride </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(ii) Sodium Cyanide and </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(iii) Sodium Fluoride </font></p>
</blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">had been restricted as per Notification No. 56 dated 12.12.2013. Accordingly, these can be exported only with an authorization issued by DGFT. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">An electronic procedure has been designed to issue such export authorizations expeditiously. Exporters may address an e-mail to <a href="mailto:chemicalexport-dgft@nic.in"><strong>chemicalexport-dgft@nic.in</strong></a>, with a CC to the <strong>concerned </strong>Jurisdictional Regional Authority (RA) of DGFT from where export authorizations will be issued. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Authorizations will be issued from Jurisdictional RA on clearance from DGFT (Hqrs) and on submission of application in ANF 2 D by the applicant. </font></p>
<p align="justify"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=46&filename=notification/dgft/2013/dgft13cir011.htm" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">DGFT Policy Circular No.11 (RE-2013)/2009-14, Dated: December 30, 2013 </font></strong></a></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Amendment to SION A-2611 - “Chemical and Allied Products” </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE</strong> Standard Input Output Norms (SION) for export product under S.No . A-2611 have been reviewed. There is no change in either description of the export product or in the permitted inputs, but the respective quantities of permitted inputs have been revised downwards. </font></p>
<p align="justify"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=47&filename=notification/dgft/2013/dgft13pn044.htm" target="_parent"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">DGFT Public Notice No.44/(RE: 2013)/2009-2014, Dated: December 30, 2013</font></strong></a></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">International Customs Day, 2014 theme is 'Communication' </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>IN</strong> <strong><a href="http://www.taxindiaonline.com/RC2/NewsDesc.php?MpoQSrPnM=MTkyMDc=" target="_blank">DDT 2246</a> </strong>06.12.2013, we reported</font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>ON</strong> 26th January every year the Customs Administrations of Member States of the World Customs Organization organize various national events to celebrate the first session of the Customs Co-operation Council. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">For the International Customs Day falling on 26th January, 2014, WCO has chosen the theme "Communication" and which goes with the slogan "<font color="#663399">Communication: sharing information for better cooperation</font>."</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">On this occasion, the CBEC has decided to award "WCO Certificate of Merit" to Customs officers and representatives of the private sector who have demonstrated their commitment to the Customs Communication theme. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Nominations along with justification/proposal (along with the vigilance clearance certificate in case of customs officers) are required to be sent to the Joint Secretary (Customs), CBEC before 31 st December, 2013. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The nominations are to be sent on email ids, one of which is a gmail account. <font color="#FF0000">When will they understand that using private email ids for official matters is a risky affair? </font></font></p>
<p align="justify"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=70&filename=pitara/sernews/order/circular_wco_certificate_merit.htm">CBEC F.No. 21000/91/2013 - IC (ICD) dated 5.12.2013</a></font></strong></p>
</blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">On the captioned subject, the Board now says - </font></p>
<blockquote>
<p align="justify"><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">"3. It has become a well-established tradition for us to celebrate the International Customs Day, too. However, as 26th January is devoted to Republic day celebrations, a suitable date is generally fixed after 26th January for celebrating the International Customs day. <strong>It has been decided by the Board that this year the International Customs Day shall be celebrated on Monday, the 27th January 2014.</strong> As part of the celebrations, members of the trade, office bearers of CHA Associations, senior level officers of other departments associated with Customs and other stakeholders can also be invited to the function."</font></em></p>
</blockquote>
<p align="justify"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">Did the Board not know this clash of dates before? </font></p>
<p align="justify"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">And hope they have received all those nominations yesterday. </font></p>
<p><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=25&filename=notification/custom/2013/International_Customs_Day.htm" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">CBEC F.No. 21000/91/2013 - IC (ICD) dated 31.12.2013. </font></strong></a></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">A Rare Stellar Alignment - Jab the Stars (of Taxation) Met </font></strong></p>
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<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Tax Stars with the Doyen</strong> - Picture shows Shailendra, Managing Editor of TIOL, Padmini Sundaram (Bangalore), our columnist, Sunil Achutan, TIOL Editor (Mumbai), Radhakrishna (CE), <strong>R K JAIN</strong>, the legendary editor of Centax (ELT), Raghavendra Rao, TIOL Editor (Hyderabad), Jai Kumar and Joseph Prabakar (Chennai), our columnists. This very rare constellation happened in Hyderabad recently during my daughter's wedding. </font></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Adieu VCES </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"> - Thursday'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">Word ‘Automobile' is not defined in the CEA or CETA - Loader, Backhoe loader & Road Rollers are Automobiles - purchase of various parts & repacking these parts with new packing material and affixing Logo, fixing of MRP and selling under own brand name amounts to manufacture - Revenue appeal allowed: CESTAT </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THIS</strong> is a Revenue appeal against the order of the CCE, Pune-I dropping a total Central Excise demand of Rs.19.22 crores raised against the assessee.And the best part of the proceedings is that the Revenue has WON the case, albeit for the normal period of demand. <font color="#FF0000">But a victory is a victory! </font></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The assessee is engaged in activities involving purchase of <em><strong>various parts</strong></em> of Loaders, Backhoe Loaders, Road Rollers from different suppliers in India and abroad, repacking these parts with new packing material and affixing their Logo, fixing of MRP and selling under their own brand name. </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 assesse shows certain advance received from non-resident majority shareholder towards exports in books for 10 years, such a sum cannot be construed as taxable receipt u/s 41(1) unless same is written off in books - YES: ITAT</font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE</strong> assessee is engaged in giving advisory services and trading in shares. It was earlier a trader in Superior kerosene oil (SKO). It imported SKO for sale in the domestic market. Under the head 'current liabilities', the assessee had shown an advance against export, received from M/s Amas Mauritius, in 1997, in order to buy goods for export purpose. M/s Amas Mauritius, was a company registered in Mauritius for the purpose of export of goods and a 40 per cent shareholder in the assessee-company. However, the exports could not be made by the assessee as the required goods could not be identified and the balance was still shown as due and payable as on January 31, 2007. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The issue before the Bench is - Whether when the assesse shows certain advance received from its non-resident majority shareholder towards exports in its books for a record 10 years, such a sum cannot be construed as taxable receipt u/s 41(1) unless the same is written off in the books. And the answer 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"><font color="#FF6633"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Section 72 - Best Judgement - No order passed; only Show Cause Notice issued - assessee directed to reply to Show Cause Notice: HC</font></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>NATIONAL</strong> Building Construction Corporation Limited has invoked the writ jurisdiction seeking quashing of demand-cum-show cause notice dated 19.12.2012. The primary contention in the writ petition is that the respondents have passed a best judgment assessment order under Section 72 of the Finance Act, 1994 despite neither circumstance existed for making of best judgment assessment order as there is no allegation that the petitioner failed to file service tax returns or tax paid in the service tax return filed is not in accordance with law. </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><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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