TIOL-DDT 2739 · the untouched capture
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<p><strong><font color="#663399" size="3" face="Verdana, Arial, Helvetica, sans-serif">TIOL-DDT 2739 </font><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif"></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><br>
07 12 2015 <br>
Monday </font></strong></p>
<p align="center"><font size="3" face="Georgia, Times New Roman, Times, serif"><em><strong><font color="#006600">GST - historic opportunity for India to implement game-changing tax reform - Arvind Subramanian Panel </font></strong></em></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE</strong> Committee headed by the Chief Economic Adviser Dr. Arvind Subramanian on Possible Tax rates under GST has submitted its Report to the Finance Minister. </font></p>
<table width="90%" border="1" align="center" cellpadding="3" cellspacing="0">
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<td colspan="6" valign="top"><div align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Summary of Recommended Rate Options (in percent) </font></strong></div></td>
</tr>
<tr>
<td valign="top" bgcolor="#78B300"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">RNR </font></strong></td>
<td valign="top" bgcolor="#DFF3CB"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Rate on precious metals </font></strong></td>
<td colspan="2" valign="top" bgcolor="#DFF3CB"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">"Low" rate (goods) </font></strong></td>
<td valign="top" bgcolor="#DFF3CB"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">"Standard" rate (goods and services) </font></strong></td>
<td valign="top" bgcolor="#DFF3CB"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">"High/Demerit" rate or Non-GST excise (goods) </font></strong></td>
</tr>
<tr>
<td valign="top" bgcolor="#78B300"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Preferred </font></strong></td>
<td valign="top" bgcolor="#F4FEEB"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">15 </font></td>
<td valign="top" bgcolor="#F4FEEB"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">6 </font></td>
<td valign="top" bgcolor="#F4FEEB"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">12 </font></td>
<td valign="top" bgcolor="#F4FEEB"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">16.9 </font></td>
<td valign="top" bgcolor="#F4FEEB"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">40 </font></td>
</tr>
<tr>
<td valign="top" bgcolor="#78B300"> </td>
<td valign="top" bgcolor="#DEFCC2"> </td>
<td colspan="2" valign="top" bgcolor="#DEFCC2"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">4 </font></td>
<td valign="top" bgcolor="#DEFCC2"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">17.3 </font></td>
<td valign="top" bgcolor="#DEFCC2"> </td>
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<td valign="top" bgcolor="#78B300"> </td>
<td valign="top" bgcolor="#F4FEEB"> </td>
<td colspan="2" valign="top" bgcolor="#F4FEEB"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2 </font></td>
<td valign="top" bgcolor="#F4FEEB"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">17.7 </font></td>
<td valign="top" bgcolor="#F4FEEB"> </td>
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<td valign="top" bgcolor="#78B300"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Alternative </font></strong></td>
<td valign="top" bgcolor="#DEFCC2"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">15.5 </font></td>
<td valign="top" bgcolor="#DEFCC2"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">6 </font></td>
<td valign="top" bgcolor="#DEFCC2"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">12 </font></td>
<td valign="top" bgcolor="#DEFCC2"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">18.0 </font></td>
<td valign="top" bgcolor="#DEFCC2"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">40 </font></td>
</tr>
<tr>
<td valign="top" bgcolor="#78B300"> </td>
<td valign="top" bgcolor="#F4FEEB"> </td>
<td colspan="2" valign="top" bgcolor="#F4FEEB"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">4 </font></td>
<td valign="top" bgcolor="#F4FEEB"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">18.4 </font></td>
<td valign="top" bgcolor="#F4FEEB"> </td>
</tr>
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<td valign="top" bgcolor="#78B300"> </td>
<td valign="top" bgcolor="#DEFCC2"> </td>
<td colspan="2" valign="top" bgcolor="#DEFCC2"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2 </font></td>
<td valign="top" bgcolor="#DEFCC2"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">18.9 </font></td>
<td valign="top" bgcolor="#DEFCC2"> </td>
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</table>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"> - On the RNR, the Committee's view is that the range should be between 15 percent and 15.5 percent (Centre and states combined) but with a preference for the lower end of that range. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">- On structure, in line with growing international practice and with a view to facilitating compliance and administration, India should strive toward a one-rate structure as the medium-term goal. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">- Meanwhile, the Committee recommends a two-rate structure. In order to ensure that the standard rate is kept close to the RNR, the maximum possible tax base should be taxed at the standard rate. The Committee would recommend that lower rates be kept around 12 per cent (Centre plus states) with standard rates varying between 17 and 18 per cent. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">- It is now growing international practice to levy sin/demerit rates—in the form of excises outside the scope of the GST--on goods and services that create negative externalities for the economy. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">- This historic opportunity of cleaning up the tax system is necessary in itself but also to support GST rates that facilitate rather than burden compliance. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">- The GST also represents a historic opportunity to rationalize the tax system that is complicated in terms of rates and structures and has become an "<em>Exemptions Raj</em>,” rife with opportunities for selectivity and discretion. Tax policy cannot be overly burdened with achieving industrial, regional, and social policy goals; more targeted instruments should be found to meet such goals, for example, easing the costs of doing business, public investment, and direct benefit transfers, respectively; cesses should be reduced and sparingly used. Another problem with exemptions is that, by breaking up the value-added chain, they lead in practice to a multiplicity of rates that is unpredictable, obscured, and distortionary. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">- The rationalization of exemptions is especially salient for the centre, where exemptions have proliferated. Indeed, revenue neutrality for the centre can only be achieved if the base for the centre is similar to that of the states (which have fewer exemptions - 90 products versus 300 for the center). If policy objectives have to be met, instruments other than tax exemptions such as direct transfers could be deployed. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">- The Committee's recommendations on rates summarized in the table above are all national rates, comprising the sum of central and state GST rates. How these combined rates are allocated between the centre and states will be determined by the GST Council. This allocation must reflect the revenue requirements of the Centre and states so that revenues are protected. For example, a standard rate of 17% would lead to rates at the Centre and states of say 8 percent and 9 percent, respectively. The Committee considers that there are sound reasons not to provide for an administration-complicating "<em>band</em>” of rates, especially given the considerable flexibility and autonomy that states will preserve under the GST (including the ability to tax petroleum, alcohol, and other goods and services). </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">- Implementing the GST will lead to some uncharted waters, especially in relation to services taxation by the states. Preliminary analysis in this report indicates that there should not be large shifts in the tax base in moving to the GST, implying that overall compensation may not be large. Nevertheless, fair, transparent, and credible compensation will create the conditions for effective implementation by the states and for engendering trust between the Centre and states; </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"> - The GST also represents a historic opportunity to Make in India by Making One India. Eliminating all taxes on inter-state trade (including the 1 percent additional duty) and replacing them by one GST will be critical to achieving this objective; </font></p>
</blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Will GST now get through Rajya Sabha? We will know in a few days. </font></p>
<p align="center"><font size="3" face="Georgia, Times New Roman, Times, serif"><em><strong><font color="#006600">Service Tax - Provisional Attachment of Property -Commissioner and Deputy Warned and Cost Imposed by High Court </font></strong></em></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>AS</strong> per the Service Tax (Provisional Attachment of Property) Rules, 2008, a notice has to be issued by the Commissioner before provisional attachment of property and in the first instance immovable property is required to be provisionally attached and, in absence of immovable property, attachment of movable property could be done. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">As per Board Circular No <strong><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MjUzNg==" target="_blank">103/2008</a></strong>: </font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1. the provision for attaching a property provisionally is of an extraordinary nature and should be resorted to in the utmost circumspection and with maximum care and caution. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2. The authorities should have a reasonable belief that the assessee may dispose of, or remove the property which would not be in the interest of the revenue and, therefore, a firm opinion should be formed that the interest of the revenue is required to be protected. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">3. Once an opinion is formed, the proposal should forward it within one month of the issuance of the show cause notice but where proceedings under Section 73 or 73 (A) of the Act has already been initiated, only the Commissioner would have the power to attach the property. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">4. <strong> if the power is frivolously exercised and attachment is made without any cogent reasons then appropriate disciplinary proceeding may be initiated against the officers. </strong></font></p>
</blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">But these are cumbersome legal inanities up with which many of our Commissioners cannot put and so a bright Commissioner and his deputy sprung into action and attached property without notice. A Show Cause Notice was issued on 20th October 2015 and even before the assessee could get it on 21st October, the bank accounts of the assessee were attached on 20th October itself. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The High Court found that; the bank accounts were attached in gross violation of Rule 3 of the Rules of 2008; the proposal submitted by the Deputy Commissioner, clearly indicated that first the property should be attached and thereafter notice should be issued. This proposal was approved by the Commissioner without any application of mind and without considering the provision of the Rules and the circular. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The High Court issued Notice to the Commissioner and Deputy to show cause as to why disciplinary proceeding should not be instituted against them in terms of paragraph 2 (iii) of the Circular. The High Court issued a warning to the Commissioner and Deputy Commissioner, apart from imposing a cost of Rs. 25,000. Who will pay this cost? </font></p>
<p align="justify"><font color="#FFFFFF" size="2" face="Verdana, Arial, Helvetica, sans-serif"style="background-color:#623094" span="span">Board directed to issue Circular.: </font><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The Court directed a copy of the order to be sent to CBEC with specific instruction to issue a circular to all the officers ensuring that the powers under Rule 3 should be exercised with utmost care and caution and should not be exercised frivolously. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">We bring you this order today. Please see <strong><a href="http://www.taxindiaonline.com/RC2/inside2.php3?filename=bnews_detail.php3&newsid=25416" target="_blank">Breaking News.</a></strong> </font></p>
<p align="center"><font size="3" face="Georgia, Times New Roman, Times, serif"><strong><em><font color="#006600">Tamil Nadu Floods - Revenue Reacts </font></em></strong></font></p>
<p align="justify"><font color="#FFFFFF" size="2" face="Verdana, Arial, Helvetica, sans-serif"style="background-color:#623094" span="span">INCOME Tax - Extension of time for deposit of tax deducted at source and tax collected at source: </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">CENTRAL Board of Direct Taxes has extended the due date [under section 200 (1) of the Act] for paying to the credit of the Central Government, tax deducted at source and the due date [under 206C (3)] for paying to the credit of the Central Government, tax collected at source, in respect of deductions or collections made during the month of November, 2015, from 7th of December, 2015 to 20th of December, 2015 in respect of deductors located in the State of Tamil Nadu. </font></p>
<p align="justify"><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MTg4NTg=" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">CBDT Order under section 119 of the Income Tax Act in F.No. 385/26/2015-IT(B)., Dated: December 05, 2015 </font></strong></a></p>
<p align="justify"><font color="#FFFFFF" size="2" face="Verdana, Arial, Helvetica, sans-serif"style="background-color:#623094" span="span">Central Excise; Service Tax - CBEC Follows Suit: </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">For all Central Excise and Service Tax assessees in the State of Tamil Nadu, the date for payment of Central Excise duty and Service Tax for the month of November 2015 is being extended to the 20th of December 2015 and the date of filing of the Central Excise return for the month of November 2015 is being extended to the 31st of December 2015. CBEC has not yet issued the notifications, but will issue them shortly. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The Revenue Secretary Hasmukh Adhia tweeted, "Because of calamity we are extending the last date of payment of central excise and service tax to 20th Dec 2015 in the State of Tamilnadu. Also we are extending the date for filing central excise monthly Return to 31st Dec. 2015 for Tamilnadu.</font></p>
<p align="center"><font size="3" face="Georgia, Times New Roman, Times, serif"><em><strong><font color="#006600">Adventure Sports for Babus </font></strong></em></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE</strong> Department of Personnel and Training recognizes that welfare of employees is one of the prime tasks of personnel management and sports activities play an important role in improving their efficiency and morale, Participation by Central Government Employees in adventure sports and similar activities will give them a platform where they would learn lessons from nature and use the knowledge acquired for welfare of the society. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The Government has formulated a Scheme to encourage Central Government employees to take part in adventure sports. The Mission of the Scheme for promotion of adventure sports and similar activities is to encourage Central Government Employees working in the Ministries/Department of the Government of India to take part in these activities by giving financial assistance and other incentives. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Objectives: </font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(i) The Scheme would tackle the alarming situation of stress and impact of sedentary life on Government servants as highlighted in several studies conducted so far; </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(ii) It would provide a creative outlet to Central Government Employees; </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(iii) It would create and foster spirit of risk - taking, cooperative team work, capacity of readiness and vital response to challenging situations and of endurance; </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(iv) Central Government Employees would be prepared for better Disaster Management; and </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(v) Environmental awareness would be inculcated amongst the Central Government Employees. </font></p>
</blockquote>
<p align="justify"><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MTg4NTk=" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">DoPT Office Memorandum No.125/1/2015-16-CCSCSB., Dated: December 04 2015 </font></strong></a></p>
<p align="center"><font size="3" face="Georgia, Times New Roman, Times, serif"><strong><em><font color="#006600">Summons thru email </font></em></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>NEXT</strong> time you get a mail from the Income Tax Department, it could be a notice or summons. The Principal Director General of Income-tax(Systems) or the Director General of Income-tax(Systems) shall specify the procedure, formats and standards for ensuring secure transmission of electronic communication and shall also be responsible for formulating and implementing appropriate security, archival and retrieval policies in relation to such communication. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The Income Tax Rules are amended. </font></p>
<p align="justify"><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MTg4NDc=" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">CBDT Notification No. 89/2015., Dated: December 02, 2015 </font></strong></a></p>
<p align="center"><font size="3" face="Georgia, Times New Roman, Times, serif"><strong><em><font color="#006600">CBEC Wants to send off Truant Officers </font></em></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>CBEC </strong>wants Chief Commissioners to take action against officers who are unauthorisedly absent for a period of more than 5 years. The Department of Personnel and Training, vide GSR 261(E) dated 29.03.2012 provides that a Government servant who remains absent from duty for a continuous period exceeding five years other than on foreign service, with or without leave, shall be deemed to have resigned from the Government service, provided that a reasonable opportunity to explain the reasons for such absence shall be given to that Government servant before this provision is invoked. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">All the Chief Commissioners/Directors General are directed to ensure that letters are issued to all such officers who are unauthorisedly absent for a period of more than five years at their last known addresses immediately with the request to report for duty within a period of 15 days from the date of issue of the letter, failing which action will be taken against them as per prevailing rules. If they neither respond nor report for duty, a last opportunity should be given by publishing a public notice in the local newspapers. </font></p>
<p align="justify"><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MTg4NTY=" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">CBEC No.C.50/74/2015-Ad.IIDated: December 02, 2015</font></strong></a></p>
<p align="center"><em><font size="3" face="Georgia, Times New Roman, Times, serif"><strong><font color="#006600">E-Service Book </font></strong></font></em></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE</strong> Service Book of a Government servant is a document to record all the events in his/her entire service period and career recording each and every administrative action of the Government servant right from the stage of his recruitment till his retirement to reflect the history of service of a Government employee. As per SR 198 & 199 such a Service Book is to be maintained for a Government servant from the date of his/her first appointment and is required to be kept in the custody of the Head of Office in which he is serving and transferred with him from office to office. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Government has decided to switch over to electronic format for maintenance of Service Book. The e-Service Book module is presently available under the e-Office Mission Mode Project. The data entered in e- service book is available to the employees to enable them to cross-check and report any discrepancies. The Controller General of Accounts (CGA) was requested to accept e-service book as a legal tender. The CGA has agreed to accept the e-service book as legal tender for all purposes and accordingly issued instructions to all Controllers of Accounts. </font></p>
<p align="justify"><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MTg4NjA=" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">DoPT Office Memorandum No.21011/15/2010-Estt(AL)., Dated: November 30 2015 </font></strong></a></p>
<p align="center"><font size="3" face="Georgia, Times New Roman, Times, serif"><strong><em><font color="#006600">Anti Dumping Duty</font></em></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>GOVERNMENT</strong> has imposed Anti Dumping Duty on the following: </font></p>
<p align="justify"><font color="#FFFFFF" size="2" face="Verdana, Arial, Helvetica, sans-serif" style="background-color:#623094" span="span">Melamine Tableware and Kitchenware products: </font><font size="2" face="Verdana, Arial, Helvetica, sans-serif">"<em>Melamine Tableware and Kitchenware products</em>" falling under headings 3924 or 3926 of the First Schedule to the Customs Tariff Act originating in, or exported from the People's Republic of China, Thailand and Vietnam, and imported into India. </font></p>
<p align="justify"><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MTg4NTM=" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Notification No. 55/2015-Customs (ADD), Dated: December 4, 2015 </font></strong></a></p>
<p align="justify"><font color="#FFFFFF" size="2" face="Verdana, Arial, Helvetica, sans-serif"style="background-color:#623094" span="span">Phthalic Anhydride: </font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><em>Phthalic Anhydride </em>falling under heading2917 35 00 of the First Schedule to the Customs Tariff Act originating in, or exported from Japan and Russia, and imported into India. </font></p>
<p align="justify"><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MTg4NTQ=" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Notification No. 56/2015-Customs (ADD), Dated: December 4, 2015 </font></strong></a></p>
<p align="justify"><font color="#FFFFFF" size="2" face="Verdana, Arial, Helvetica, sans-serif"style="background-color:#623094" span="span">Plastic processing or injection moulding machines: </font><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">plastic processing or injection moulding machines also</font></em><font size="2" face="Verdana, Arial, Helvetica, sans-serif"> known as injection presses used for processing or moulding of plastic materials, having clamping force not less than 40 tonnes and not more than 1000 tonnes falling under heading 8477 10 00 of the First Schedule to the Customs Tariff Act originating in, or exported from People's Republic of China, and imported into India. </font></p>
<p><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MTg4NTU=" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Notification No. 57/2015-Customs (ADD), Dated: December 4, 2015 </font></strong></a></p>
<p align="center"><font size="3" face="Georgia, Times New Roman, Times, serif"><strong><em><font color="#006600">Service Tax Supdts Demand One Crore Bribe - Lands Up in Gaol </font></em></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>IT</strong> is reported that two Superintendents of Service Tax in Mumbai were arrested by CBI for demanding a bribe of one crore rupees, while accepting the first instalment of ten lakh rupees. The CBI recovered cash of Rs. 10.5 lakhs from the residence of one of the Superintendents. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">How many Pay Commissions can compensate this kind of bribe? But then what can substitute a few years in jail, humiliation for the entire family and clan and torture for the rest of life? Is it really worth? </font></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"><strong><font color="#FF6666" size="2" face="Verdana, Arial, Helvetica, sans-serif">Have a nice day. </font></strong></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@tiol.in"><strong>vijaywrite@tiol.in</strong> </a></font></p>
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