TIOL-DDT 2609 · the untouched capture
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<p align="justify"><font size="2"><strong><font size="2"><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="3"><s><strong><font size="2"><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="3"><s><strong><font size="2"><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=23157"><img src="http://www.taxindiaonline.com/RC2/image/stories/limca_book2015_1.jpg" alt="DDT in Limca Book of Records - Third Time in a row" width="300" height="148" hspace="5" border="0" align="right" ></a></font></strong></font></strong></font></strong></font></strong></font></strong></s></font></strong></font></strong></font></strong></font></strong></font></strong></font></strong></s></font></strong></font></strong></font></strong></font><font color="#663399" size="3" face="Verdana, Arial, Helvetica, sans-serif">TIOL-DDT 2609 </font><font color="#663399" face="Verdana, Arial, Helvetica, sans-serif"></font><font face="Verdana, Arial, Helvetica, sans-serif"><br>
</font></strong><font face="Verdana, Arial, Helvetica, sans-serif"><strong>01 06 2015 <br>
Monday </strong></font></font></p>
<p align="center"><font size="2" face="Georgia, Times New Roman, Times, serif"><strong><font color="#006600" size="3"><em>Service Tax Sways - 14% from Today Liquor - Delhi High Court declines Stay</em></font></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>SERVICE TAX</strong> is at 14% from today. With GST round the corner, the line between State Taxes and Central Taxes, is getting slowly blurred and maybe as a preparation, the Service Tax levies are stepping into the State zone - with an increase in tax rate - after all under the GST regime there will be a State Service Tax and a Central Service Tax. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Liquor is a good source of revenue for the State Governments, next only to VAT and the Centre has been having an eye on it notwithstanding constitutionally prescribed bar on intaxication. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The CBEC issued a draft circular proposing to tax the job work of bottling liquor. In <strong><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=43&filename=legal/hc/2006/2006-TIOL-268-HC-MP-ST.htm">2006-TIOL-268-HC-MP-ST </a> </strong> the High Court held that bottling of liquor is liable to Service Tax. However in Board's letter <a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=41&filename=notification/servicetax/2008/truliquor.htm"><strong>CBEC Letter F.No . 249/1/2006- CX 4 dated 27th October 2008</strong></a>, it was clarified that there would be no service tax. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">When the negative list concept came in 2012, <em>any process amounting to manufacture or production of goods </em> was included in the negative list in Section 66D(f) of the Finance Act 1994. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><em>Any</em> <em> process amounting to manufacture or production of goods </em>was defined as <em>a process on which duties of excise are leviable under section 3 of the Central Excise Act, 1944 or any process amounting to manufacture of <font color="#FF0000">alcoholic liquors for human consumption</font>, opium, Indian hemp and other narcotic drugs and narcotics on which duties of excise are leviable under any State Act for the time being in force</em>. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">So, it was clear that there would be no service tax on job work manufacture of alcohol. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">In the 2015 Finance Act, alcoholic liquor for human consumption was taken out of the negative list and consequently this <em><font color="#FF0000">alcoholic liquors for human consumption </font></em>was also removed from the definition of manufacture. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The crux of the story is that from today, Service Tax shall be levied on contract manufacturing/job work for production of potable liquor - which means almost the entire liquor industry will come under the Service Tax net and that booze is going to be slightly more expensive from today. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The Industry is obviously not happy and the Confederation of Indian Alcohol Beverages Companies took the matter to the Delhi High Court. The High Court was not impressed enough to grant stay of the levy. The case is posted for disposal on 10.09.2015. At least until then, happy intaxication. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><em>The State shall endeavour to bring about prohibition of the consumption except for medicinal purposes of intoxicating drinks and of drugs which are injurious to health </em>- Article 47 of the Constitution. </font></p>
<p align="center"><font size="2" face="Georgia, Times New Roman, Times, serif"><strong><font color="#006600" size="3"><em>What about the balance of credit of Education Cess? CBEC should clarify immediately to avoid unnecessary litigation </em></font></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>WHILE</strong> there will be no education cess on Service Tax from today, somehow CBEC is shying away from giving a clarification on how the balance of CENVAT credit on education cess lying in the accounts as on 1.6.2015 can be used by the service providers and as on 1.3.2015 by the manufacturers. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">CBEC should understand that they have put every manufacturer and every service provider in the country under deep distress, because there is no clarity on the issue. A leading manufacturer asked us, "<em>What is the status of balance amount lying in both the cess in CENVAT account as on 01.03.2015 and Service tax Edu cess lying as on 31.05.2015. Shall we wait till the board clarifies or can we merge all the cess with basic excise duty?</em>." With the hope that Board will soon clarify, we advised them to wait. But how long? Does the Board believe in the concept of ' <em>ease of doing business' </em>? Or are our tax laws intentionally made complicated to torture the assessees? </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Unfortunately there is a school of thought in the Department, which believes that this credit will lapse. Before such dangerous thoughts spread and the litigation system is further clogged with unwanted notices and appeals, CBEC/TRU should wake up to the reality and urgently issue the clarifications/amendments. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Will TRU listen? </font></p>
<p align="center"><font size="2" face="Georgia, Times New Roman, Times, serif"><strong><font color="#006600" size="3"><em>Six New Technical Members for CESTAT? </em></font></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>IT</strong> is learnt from reliable sources that the Government has issued orders appointing six Commissioners/Principal Commissioners as Members (Technical) and posted them to Delhi, Mumbai, Chennai, Bangalore and Ahmedabad. There seems to be some confusion about one Member because of a mistaken identity. Maybe things will be clear today. </font></p>
<p align="center"><font size="2" face="Georgia, Times New Roman, Times, serif"><strong><font color="#006600" size="3"><em>Anti Dumping Duty on Electronic Calculators </em></font></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>GOVERNMENT </strong>has imposed anti dumping duty on 'Electronic Calculators of all types [excluding calculators with attached printers, commonly referred to as printing calculators; calculators with ability to plot charts and graphs, commonly referred to as graphing calculators; programmable calculators]' falling under heading 8470 of the First Schedule to the Customs Tariff Act, originating in, or exported from the People's Republic of China. The duty is supposed to be valid for a period of five years. </font></p>
<p align="justify"><a href="http://www.taxindiaonline.com/RC2/pdfdocs/ADD-24.pdf" target="_blank"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Notification No. 24/2015-Customs (ADD), Dated: May 29, 2015 </strong></font></a></p>
<p align="center"><font size="2" face="Georgia, Times New Roman, Times, serif"><strong><font color="#006600" size="3"><em>'Thru Proper Channel' - CBEC Officers have no respect for channel </em></font></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>AS</strong> per the existing instructions, representations on service matters should be forwarded through proper channel and the proper course for a Government servant is to address his immediate superior official, or the Head of his office, or such other authority at the lowest level as he is competent to deal with the matter. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Submission of representations directly to higher authorities by-passing the prescribed channel of communication, is to be viewed seriously and appropriate disciplinary action should be taken against those who violate these instructions as it can rightly be treated as an unbecoming conduct attracting the provisions of Rule 3(1) (iii) of the CCS (Conduct) Rules, 1964. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">However, of late, CBEC observes that some officers of Indian Customs and Central Excise tend to by-pass the prescribed channels of representation and write directly to the higher functionaries and functionaries outside, including State Government in violation of the prescribed channels. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>This has been viewed seriously. </strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">CBEC reiterates that the Government of India instructions on the issue may be brought to the notice of all the officers for strict compliance. All the officers may be suitably advised to refrain from sending application/ representation to other Ministry/ Department/ State Governments/ Organisations on service matter. The officers may be impressed upon to strictly follow the existing instructions in this regard, failing which appropriate disciplinary action may be taken against them. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The instructions were issued in 1968 and periodically reiterated. But still employees and their associations write to various Ministers, MPs, Prime Minister, President of India and many of these VIPs forward such representations dutifully to the Board. Has the Board in the last 47 years ever taken action against any officer for sending a representation through the improper channel? </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">But why do officers trained at NACEN for two years send their representations through all other kinds of channels, when the clear and proper channel is available? It is simply because the proper channel is so polluted and clogged that nothing flows through it and nothing comes out of it, unless you clear the blockages at each stage. And you are treated with contempt and disbelief by the top brass when the representations are sent through proper channels, whereas a representation sent through a political functionary gets immediate attention. Nobody will go out of the channel if the channel is effective. Board should first ensure that the channel is clear and representations are considered fairly. It is often found that senior officers talk insultingly and rudely to officers just one rank below them. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Anyway nobody will be bothered about this threat of '<em>viewing seriously' </em> and disciplinary action as they all know that if the improper channel is big enough, no action will be taken. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">CBEC had issued similar instructions in September 2014<strong> (<a href="http://www.taxindiaonline.com/RC2/inside2.php3?filename=bnews_detail.php3&newsid=21613">DDT 2447</a>)</strong> and October 2014 <strong>(<a href="http://www.taxindiaonline.com/RC2/NewsDesc.php?MpoQSrPnM=MjE3MTU=">DDT 2455</a>) </strong></font></p>
<p align="justify"><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MTgxMTU=" target="_blank"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>CBEC F. No.A.35017/32/2015-Ad.II.., Dated May 28 2015</strong></font></a></p>
<p align="center"><font size="2" face="Georgia, Times New Roman, Times, serif"><strong><font color="#006600" size="3"><em>Talcher STPP renamed as Talcher TPP in Customs and Excise Notifications </em></font></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>GOVERNMENT </strong>has amended exemption notification No. 12/2012-Central Excise, dated the 17th March, 2012 and Notification No. 12/2012-Customs, dated the 17th March, 2012 to change Talcher STPP to Talcher TPP. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MTgxMTE=" target="_blank">Notification No. 31/2015-Cx., Dated: May 28, 2015</a> And <a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MTgxMTA=" target="_blank">Notification No. 35/2015-Cus., Dated: May 28, 2015 </a></strong></font></p>
<p align="center"><font size="2" face="Georgia, Times New Roman, Times, serif"><strong><font color="#006600" size="3"><em>Government Notifies Black Money Act </em></font></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>GOVERNMENT </strong>has notified the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, on 27 th May 2015. The Act comes into force with effect from 1st April 2016. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Some of the major Penalties and Offences under the Act: </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Penalties: </strong></font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1. Three times the tax in respect of undisclosed foreign income and asset; </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2. Ten lakhs of rupees for not filing the required return; </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">3. Ten lakhs if he fails to furnish any information or furnishes inaccurate particulars in such return relating to any asset or relating to any income from a source located outside India; </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">4. Equal to the amount of tax arrear for default of payment of tax; </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">5. Rs. 50,000 to 2 lakhs - for refusing to answer any question; fails to honour summons. </font></p>
</blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Offences: </strong></font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1. Wilfully fails to furnish in due time the return of income which he is required to furnish - <em>rigorous imprisonment for a term which shall not be less than six months but which may extend to seven years and with fine </em>: </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2. Wilfully fails to furnish in such return any information relating to an asset located outside India, or disclose any income from a source outside India - <em>rigorous imprisonment for a term which shall not be less than six months but which may extend to seven years and with fine</em>. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">3. If a person, being a resident other than not ordinarily resident in India, wilfully attempts in any manner whatsoever to evade any tax, penalty or interest - <em>rigorous imprisonment for a term which shall not be less than three years but which may extend to ten years and with fine</em>. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">4. If a person wilfully attempts in any manner whatsoever to evade the payment of any tax, penalty or interest under this Act - <em>rigorous imprisonment for a term which shall not be less than three months but which may extend to three years and fine. </em></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">5. If a person, makes a statement in any verification under this Act or under any rule made thereunder, or delivers an account or statement which is false - <em>rigorous imprisonment for a term which shall not be less than six months but which may extend to seven years and with fine. </em></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">6. If a person abets or induces in any manner another person to make and deliver an account or a statement or declaration relating to tax payable under this Act which is false - <em>rigorous imprisonment for a term which shall not be less than six months but which may extend to seven years and with fine. </em></font></p>
</blockquote>
<p align="center"><font color="#006600" size="3" face="Georgia, Times New Roman, Times, serif"><em><strong>Tariff Value of Gold and Silver Decreased </strong></em></font></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 385 USD per 10 gms. The tariff value of Silver is decreased from 567 USD to 544 USD per kilogram. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff values of Poppy Seeds and Areca Nuts remain unchanged. Tariff Values of oils are increased. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The Tariff values as on 15.05.2015 and with effect from 29.05.2015 are as under: </font></p>
<table width="90%" border="1" align="center" cellpadding="3" cellspacing="0">
<tr>
<td colspan="8" valign="top"><p align="center"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Table 1 </strong></font></p></td>
</tr>
<tr bgcolor="#D2FFDE">
<td valign="top"><p align="center"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>S. No. </strong></font></p></td>
<td colspan="2" valign="top"><p align="center"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Chapter/ heading/ sub-heading/tariff item </strong></font></p></td>
<td colspan="2" valign="top"><p align="center"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Description of goods </strong></font></p></td>
<td colspan="2" valign="top"><p align="center"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Tariff value USD (Per Metric Tonne) from 15.05.2015 </strong></font></p></td>
<td valign="top"><p align="center"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Tariff value USD (Per Metric Tonne) from 29.05.2015 </strong></font></p></td>
</tr>
<tr bgcolor="#AAD5FF">
<td valign="top"><p align="center"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>(1) </strong></font></p></td>
<td colspan="2" valign="top"><p align="center"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>(2) </strong></font></p></td>
<td colspan="2" valign="top"><p align="center"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>(3) </strong></font></p></td>
<td colspan="2" valign="top"><p align="center"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>(5) </strong></font></p></td>
<td valign="top"><p align="center"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>(6) </strong></font></p></td>
</tr>
<tr bgcolor="#AAD5FF">
<td valign="top" bgcolor="#AAD5FF"><p align="center"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1 </font></p></td>
<td valign="top"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 10 00 </font></p></td>
<td colspan="3" valign="top"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Crude Palm Oil </font></p></td>
<td colspan="2" valign="top"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">650 </font></p></td>
<td valign="top"><p align="justify"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">657 </font></p></td>
</tr>
<tr bgcolor="#AAD5FF">
<td valign="top" bgcolor="#AAD5FF"><p align="center"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">2 </font></p></td>
<td valign="top"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 90 10 </font></p></td>
<td colspan="3" valign="top"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">RBD Palm Oil </font></p></td>
<td colspan="2" valign="top"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">670 </font></p></td>
<td valign="top"><p align="justify"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">676 </font></p></td>
</tr>
<tr bgcolor="#AAD5FF">
<td valign="top" bgcolor="#AAD5FF"><p align="center"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">3 </font></p></td>
<td valign="top"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 90 90 </font></p></td>
<td colspan="3" valign="top"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Others - Palm Oil </font></p></td>
<td colspan="2" valign="top"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">660 </font></p></td>
<td valign="top"><p align="justify"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">667 </font></p></td>
</tr>
<tr bgcolor="#AAD5FF">
<td valign="top" bgcolor="#AAD5FF"><p align="center"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">4 </font></p></td>
<td valign="top"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 10 00 </font></p></td>
<td colspan="3" valign="top"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Crude Palmolein </font></p></td>
<td colspan="2" valign="top"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">676 </font></p></td>
<td valign="top"><p align="justify"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">682 </font></p></td>
</tr>
<tr bgcolor="#AAD5FF">
<td valign="top" bgcolor="#AAD5FF"><p align="center"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">5 </font></p></td>
<td valign="top"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 90 20 </font></p></td>
<td colspan="3" valign="top"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">RBDPalmolein </font></p></td>
<td colspan="2" valign="top"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">679 </font></p></td>
<td valign="top"><p align="justify"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">685 </font></p></td>
</tr>
<tr bgcolor="#AAD5FF">
<td valign="top" bgcolor="#AAD5FF"><p align="center"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">6 </font></p></td>
<td valign="top"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 90 90 </font></p></td>
<td colspan="3" valign="top"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Others -Palmolein </font></p></td>
<td colspan="2" valign="top"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">678 </font></p></td>
<td valign="top"><p align="justify"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">684 </font></p></td>
</tr>
<tr bgcolor="#AAD5FF">
<td valign="top" bgcolor="#AAD5FF"><p align="center"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">7 </font></p></td>
<td valign="top"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1507 10 00 </font></p></td>
<td colspan="3" valign="top"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Crude Soyabean Oil </font></p></td>
<td colspan="2" valign="top"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">758 </font></p></td>
<td valign="top"><p align="justify"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">789 </font></p></td>
</tr>
<tr bgcolor="#AAD5FF">
<td valign="top" bgcolor="#AAD5FF"><p align="center"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">8 </font></p></td>
<td valign="top"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">7404 00 22 </font></p></td>
<td colspan="3" valign="top"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Brass Scrap (all grades) </font></p></td>
<td colspan="2" valign="top"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">3548 </font></p></td>
<td valign="top"><p align="justify"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">3657 </font></p></td>
</tr>
<tr bgcolor="#AAD5FF">
<td valign="top" bgcolor="#AAD5FF"><p align="center"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">9 </font></p></td>
<td valign="top"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1207 91 00 </font></p></td>
<td colspan="3" valign="top"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Poppy seeds </font></p></td>
<td colspan="2" valign="top"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">2602 </font></p></td>
<td valign="top"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">2602 </font></p></td>
</tr>
<tr>
<td colspan="8" valign="top"><p align="center"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Table 2 </strong></font></p></td>
</tr>
<tr bgcolor="#D2FFDE">
<td height="57" valign="top"><p align="center"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>S. No. </strong></font></p></td>
<td valign="top"><p align="center"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Chapter/ heading/ sub-heading/tariff item</strong></font></p></td>
<td colspan="3" valign="top"><p align="center"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Description of goods</strong></font></p></td>
<td colspan="2" valign="top"><p align="center"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Tariff value USD from 15.05.2015</strong></font></p></td>
<td valign="top"><p align="center"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Tariff value USD from 29.05.2015</strong></font></p></td>
</tr>
<tr bgcolor="#D2FFDE">
<td valign="top" bgcolor="#D2FFDE"><p align="center"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1</font></p></td>
<td valign="top"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">71 or 98</font></p></td>
<td colspan="3" valign="top"><p align="justify"><font color="#0000FF" 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 colspan="2" valign="top"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>398 per 10 grams</strong></font></p></td>
<td valign="top"><p align="justify"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>385 per 10 grams</strong></font></p></td>
</tr>
<tr bgcolor="#D2FFDE">
<td valign="top" bgcolor="#D2FFDE"><p align="center"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">2</font></p></td>
<td valign="top"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">71 or 98</font></p></td>
<td colspan="3" valign="top"><p align="justify"><font color="#0000FF" 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 colspan="2" valign="top"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>567 per kilogram</strong></font></p></td>
<td valign="top"><p align="justify"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>544 per kilogram</strong></font></p></td>
</tr>
<tr>
<td colspan="8" valign="top"><p align="center"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Table 3 </strong></font></p></td>
</tr>
<tr bgcolor="#FFE6D9">
<td valign="top"><p align="center"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>S. No. </strong></font></p></td>
<td colspan="2" valign="top"><p align="center"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Chapter/ heading/ sub-heading/tariff item</strong></font></p></td>
<td valign="top"><p align="center"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Description of goods</strong></font></p></td>
<td colspan="2" valign="top"><p align="center"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Tariff value USD (Per Metric Tons) from 15.05.2015</strong></font></p></td>
<td colspan="2" valign="top"><p align="center"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Tariff value USD (Per Metric Tons) from 29.05.2015</strong></font></p></td>
</tr>
<tr bgcolor="#FFE6D9">
<td valign="top" bgcolor="#FFE6D9"><p align="center"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1</font></p></td>
<td colspan="2" valign="top"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">080280</font></p></td>
<td valign="top"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Areca nuts</font></p></td>
<td colspan="2" valign="top"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>2264 </strong> </font></p></td>
<td colspan="2" valign="top"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>2264</strong></font></p></td>
</tr>
</table>
<p align="justify"><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MTgxMTI=" target="_blank"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Notification No. 49/2015-Cus.(N.T.), Dated: May 29, 2015 </strong></font></a></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 size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#FF6666">Have a nice day.</font></strong></font></p>
<p align="justify"><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@tiol.in"><strong>vijaywrite@tiol.in</strong></a></font></p>
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