TIOL-DDT 2767 · the untouched capture
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<p><strong><font color="#663399" size="3" face="Verdana, Arial, Helvetica, sans-serif">TIOL-DDT 2767 </font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><br>
18 01 2016 <br>
Monday </font></strong></p>
<p align="center"><font size="3" face="Georgia, Times New Roman, Times, serif"><strong><em><font color="#006600">CBEC Action Plan to Reduce Litigation </font></em></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>CBEC</strong> Member (L&J) Ananya Ray has issued instructions to the officers to avoid unnecessary litigations. She has frankly admitted the lapses of departmental adjudication and litigation mechanism. Her instructions are divided into 2categories, one remedial for actions taken in the past and the other preventive: </font></p>
<p align="justify"><u><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Remedial Action </font></strong></u></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1. Withdrawal of appeals filed by Department below the threshold limit prescribed by the Board in CESTAT & High Courts (See instruction <a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MTg5Mjc=" target="_blank"><strong>F.No. 390/Misc/163 2010-JC</strong> </a>dated 17.12.2015 in this regard). </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2. Withdrawal of appeals in CESTAT and High Courts by the Committee of Principal Commissioners/Chief Commissioners following a Supreme Court decision which has been accepted by the department {See instruction <a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MTg5MzQ=" target="_blank"><strong>F.No. 390/Misc/67-2014-JC</strong> </a>dated 18.12.2015 in this regard). </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">3.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(a) <font color="#FF0000">CC's </font>to assign cases of adjudication officer-wise on a monthly basis in personam for disposal and report sent to the respective Zonal Member by 5th of the following month with a copy to JS (Review). </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(b) <font color="#FF0000">CC's</font> to take up with the Chief Justices of their respective states to setup more benches to deal with taxation matters for quicker disposal. </font></p>
</blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"style="background-color:#DFF3CB" span="span">Madam, there are a lakh of cases pending in the CESTAT. Why don't you start more CESTAT Benches and provide them infrastructure and Members? </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"style="background-color:#DFF3CB" span="span">And why don't you review all the pending cases in the High Courts and withdraw all the frivolous appeals and concede in all the legitimate appeals of the assessees and then maybe you can request the chief justices to allot a bench for a couple of months to throw out all the mindless litigation cases. </font></p>
<p align="justify"><strong><u><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Preventive Action </font></u></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2. Trade & CESTAT have repeatedly voiced concern about the non-observance of principles of natural justice, non-adherence to judicial discipline, lack of analysis/appreciation of the relevant facts, evidence and legal principles which force more appeals/litigation.<strong> A bimonthly conference at the level of Zonal Chief Commissioners/Pr. Commissioner to <font color="#FF0000">advice</font> and counsel the respective adjudicating authorities/appellate authorities on how to pass good adjudication orders/ appellate orders, is being made mandatory. Persistent ignoring of such advice would render the officer concerned liable to strict action. </strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"style="background-color:#DFF3CB" span="span">Madam, don't you think the Commissioners and other adjudicating authorities know all this? If you are serious about this strict action, do something to ensure that an adjudicating authority will tremble on passing an illegal order which invites censure from CESTAT. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"style="background-color:#DFF3CB" span="span"><br>
I have seen a letter written by a Commissioner to his boss that the Commissioner (Appeals) was also helpful in meeting his revenue target. Doesn't this Commissioner know that the job of the Commissioner (A) is not to boost revenue targets? </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"style="background-color:#DFF3CB" span="span">I was told by a Chief Commissioner that during the revenue drive, he met the Chief Justice to request him to list high value cases which he thought were favourable to revenue. Is it fair for one of the litigating parties to go and meet the chief justice with regard to cases pending in the court? And remember this was part of target reaching action of the department. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">3. National Academy (NACEN) to conduct regular training for all adjudicating authorities - former members of the CESTAT (The Appellate Tribunal) to be invitees to lecture the officers. Intensive training also to <font color="#FF0000">AR's</font> in the act of advocacy, interpretation of <font color="#FF0000">statues</font>, to be given. Similarly officers working in TRU as well as policy wings in the CBEC to be trained in proper drafting of laws, rules, notification, etc. so that there is little room for disputes arising due to ambiguity or misunderstandings. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"style="background-color:#DFF3CB" span="span">NACEN should instil this at the very beginning. DDT has reported about adjudication by young Assistant Commissioners, like one Assistant Commissioner charged the assessee with not following principles of natural justice and another Assistant Commissioner refused to follow the decision of the jurisdictional High Court, because it was in the case of a different assessee! As for training the TRU guys, Board has to do it. If you can really start there, half the litigation can be avoided. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">4. Adjudicating authorities to be suitably empowered/assured of the backing of the Board, so that they do not succumb to pressure from enforcement agencies like DRI, DGCEI etc. to confirm demands and levy penalties on all the accused. Similarly on non-adherence by the adjudicating authority to these directions, the review committees not to file appeal when it is not warranted. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"style="background-color:#DFF3CB" span="span">So, it is an admitted fact that DRI and DGCEI put pressure on adjudicators and they succumb to it. Now that DRI is given the power to adjudicate, there is no pressure to succumb to. Why don't you ask DRI and DGCEI also to be a little fair in adjudication? </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">5. Pre show cause notice consultation with the Principal Commissioners and Commissioners is being made mandatory prior to issue of SCN in the case of demands of duty above Rs. 50 Lakhs (except for preventive/offence related SCN's). </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"style="background-color:#DFF3CB" span="span">Madam, do you think consultation with the Commissioner or Principal Commissioner (in more than 50 lakh cases) will make the Show Cause Notices any better? Madam, as of now such Show Cause Notices are issued and signed by the Principal Commissioners or Commissioners. They have only to consult themselves! Remember the days when Show Cause Notices were to be approved by Chief Commissioners? </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">6. Re-examination of all exemption notifications and withdrawal of the same wherever
possible. Exemption notifications are a major cause of litigations amongst the trade. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"style="background-color:#DFF3CB" span="span">Major cause of litigation is officers - not the law - when the Tribunal and High Courts are able to understand an exemption notification, why can't a departmental officer? As,officers are major cause of litigation - Re-examine their performance and remove THEM - not the notifications. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">7. Adjudicating authorities should be made accountable for the quality of orders passed by them. With about 70 to 80% of the orders passed by the departmental officers at the level of Commissioners and Commissioner (Appeals) being set-aside by the CESTAT, speaks poorly about the quality of adjudications and the appellate orders. </font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"style="background-color:#FFFF00" span="span">Revenue bias is clearly evident in most of the case. </font><font size="2" face="Verdana, Arial, Helvetica, sans-serif">This adds to litigation. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Periodic review of the orders set-aside by the CESTAT should be undertaken by the Zonal CCs of the adjudicating authorities posted under him/her, if the orders are found to be bad in law, a mention of the same made in their <font color="#FF0000">APAR's</font> be considered. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"style="background-color:#DFF3CB" span="span">Madam, the field has successfully frustrated every effort of the Board to improve the quality of adjudication, review and appeal. A mind set has to be developed that an order in favour of revenue by itself is not welcome and that an order against revenue will not land the adjudicator in trouble. There should be data on every order passed by an officer with the ultimate decision. If more than half his orders are set aside, in a period of ten years, he should not be eligible for a promotion. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Please note all the words marked in red. If they had an English teacher in the Board, she would have told them that an apostrophe is not used for plural as <font color="#FF0000">AR's</font> don't mean <font color="#FF0000">ARs</font>. And training on 'interpretation of <font color="#FF0000">statues'</font> is not really a good idea as they should be trained in statu<font color="#FF0000">t</font>es and that '<font color="#FF0000">advice</font>' is a noun.The para numbers above are as in the Board's letter. </font></p>
<p align="justify"><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MTkwNTA=" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">CBEC Member's instruction in F.No. 1080/09/DLA/MISC/15/757., Dated: December 21, 2015 </font></strong></a></p>
<p align="center"><font size="3" face="Georgia, Times New Roman, Times, serif"><strong><em><font color="#006600">Income Tax - refunds up to Rs. 5000 - No Adjustment against arrears </font></em></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE</strong> CBDT has directed that in order to provide relief to the small taxpayers, refunds up to Rs. 5,000/- and refunds in cases where arrear demand is up to Rs. 5,000/- may be issued without any adjustment of outstanding arrears under section 245 of the Act during FY 2015-16. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">As on 09.01.2016, there are 64,938 cases of refunds below Rs.5,000/-involving Rs.1,148.14 Crore in non-CASS cases for AYs 2013-14 and 2014-15 pending in AST. Board wants the Assessing Officers to issue these refunds without any adjustment of arrears under Section 245. Similarly, the non-CASS cases for these assessment years where the refund amount is more than Rs.5,000/- but the outstanding arrear is Rs.5,000/- or less may also be processed for issue of refund without any adjustment under Section 245. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">CBDT wants the above exercise to be completed before 31st January, 2016 and a compliance report to be sent to the Member (Revenue). </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">CASS = Computer Assisted Scrutiny Selection</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">AST = Assessment Information System </font></p>
<p align="justify"><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MTkwNDI=" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">CBDT Office Memorandum in F. No. 312/109/2015-OT., Dated: January 14, 2016 </font></strong></a></p>
<p align="center"><font size="3" face="Georgia, Times New Roman, Times, serif"><strong><em><font color="#006600">Regulations for Export of Goods and Services from India </font></em></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>RESERVE </strong>Bank of India has issued new regulations called Foreign Exchange Management (Export of Goods and Services) Regulations, - 2015 </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Declaration of exports:</strong> - In case of exports taking place through Customs manual ports, every exporter of goods or software in physical form or through any other form, either directly or indirectly, to any place outside India, other than Nepal and Bhutan, shall furnish to the specified authority, a declaration in one of the forms set out in the Schedule and supported by such evidence as may be specified, containing true and correct material particulars. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Exemptions:</strong>- Certain exports like export of trade samples, personal effects of travellers, ship's stores, aircrafts or aircraft engines and spare parts.. are exempted from filing the declaration. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Indication of importer-exporter code number:</strong>- The importer-exporter code number allotted by the Director General of Foreign Trade under Section 7 of the Foreign- Trade (Development & Regulation) Act, 1992 (22 of 1992) shall be indicated on all copies of the declaration forms submitted by the exporter to the specified authority and in all correspondence of the exporter with the authorised dealer or the Reserve Bank, as the case may be. </font></p>
<p align="justify"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Authority to whom declaration is to be furnished and the manner of dealing with the declaration:- </font></strong></p>
<p align="justify"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">A. Declaration in Form EDF </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(1) (i) The declaration in form EDF shall be submitted in duplicate to the Commissioner of Customs. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(ii) After duly verifying and authenticating the declaration form, the Commissioner of Customs shall forward the- original declaration form/data to the nearest office of the Reserve Bank and hand over the duplicate form to the- exporter for being submitted to the authorised dealer. </font></p>
<p align="justify"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">B. Declaration in Form SOFTEX </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(i) The declaration in Form SOFTEX in respect of export of computer software and audio/video/ television software- shall be submitted in triplicate to the designated official of Ministry of Information Technology, Government of India- at the Software Technology Parks of India (STPIs) or at the Free Trade Zones (FTZs) or Special Economic Zones- (SEZs) in India. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(ii) After certifying all three copies of the SOFTEX form, the said designated official shall forward the original directly- to the nearest office of the Reserve Bank and return the duplicate to the exporter. The triplicate shall be retained by the- designated official for record. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Manner of payment of export value of goods:</strong> - Unless otherwise authorised by the Reserve Bank, the amount representing the full export value of the goods exported shall be paid through an authorised dealer in the manner specified in the Foreign Exchange Management (Manner of- Receipt and Payment) Regulations, 2000 as amended from time to time. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Period within which export value of goods/software/ services to be realised:</strong>- The amount representing the full export value of goods / software/ services exported shall be realised and- repatriated to India within nine months from the date of export. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Advance payment against exports:</strong> - Where an exporter receives advance payment (with or without interest), from a buyer / third party named in the- export declaration made by the exporter, outside India, the exporter shall be under an obligation to ensure that the shipment of goods is made within one year from the date of receipt of advance payment; </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Project exports: </strong>- Where an export of goods or services is proposed to be made on deferred payment terms or in execution of a turnkey project or a civil construction contract, the exporter shall, before entering into any such export arrangement, submit the proposal for prior approval of the approving authority, which shall consider the proposal in accordance with- the guidelines issued by the Reserve Bank of India from time to time. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Form EDF:</strong> To be completed in duplicate for export from non EDI ports. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Form SOFTEX:</strong> To be completed in triplicate for declaration of export of software otherwise than in physical form, i.e.- magnetic tapes/discs, and paper media. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The regulations do not mention about online submission of Softex. </font></p>
<p align="justify"><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MTkwNDA=" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">RBI Notification 23(R)/2015-RB, Dated: January 12, 2016 </font></strong></a></p>
<p align="center"><font size="3" face="Georgia, Times New Roman, Times, serif"><strong><em><font color="#006600">Trade Data for Service Exports - DGFT wants exporters to take IEC </font></em></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>AS</strong> of now, the data on services trade is managed by RBI; but the present reporting system is inadequate in many respects. Since there is little voluntary compliance of reporting of trade statistics relating to export/import of services, data reporting system needs a major improvement. The Department of Commerce is undertaking an exercise of collection of data/ statistics relating to import and export of services. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">As per the Section 7 of FTDR Act, no person can export/import merchandise without getting an Importer Exporter Code (IEC). But such a requirement is not mandatory for an exporter/importer of services unless an exporter wants to take any benefit under FTP. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">All data on import/export of merchandise are IEC based. Similarly, the Department of Commerce would like to capture Services trade data on the same line. In the absence of IEC for most service exporters, the services trade data as of now in not comprehensive. As any policy intervention by the Government of the day requires authentic data and its analysis, it is felt that all services exporters should have IEC at least for the purpose of comprehensive data collection. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">DGFT requests: </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">all those exporters of services who do not possess IEC to voluntarily obtain IEC from Regional Authorities of (RAs) of DGFT. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">All trade and industry chambers to impress upon their members (exporters of services) to voluntarily obtain IEC and use it while effecting export /import of services so that trade statistics relating to export/import of services can be captured effectively. </font></p>
<p align="justify"><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MTkwNDk=" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">DGFT Trade Notice No.13/2015-20., Dated January 15, 2015 </font></strong></a></p>
<p align="center"><font size="3" face="Georgia, Times New Roman, Times, serif"><strong><em><font color="#006600">Excise Duty on Petrol and Diesel hiked </font></em></strong></font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>GOVERNMENT </strong> has hiked the excise duty on petrol and diesel with effect from 16th January 2016 </font></p>
<table width="90%" border="1" align="center" cellpadding="3" cellspacing="0">
<tr bgcolor="#FF9966">
<td><div align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Sl. No. </font></strong></div></td>
<td><div align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Chapter or heading or sub-heading or tariff item of the First Schedule </font></strong></div></td>
<td><div align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Description of excisable goods </font></strong></div></td>
<td><div align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Existing Rate </font></strong></div></td>
<td><div align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Rate w.e.f <br>
<font color="#FF0000">16 01 2016 </font></font></strong></div></td>
</tr>
<tr>
<td><div align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(1)</font></strong></div></td>
<td><div align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(2)</font></strong></div></td>
<td><div align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(3)</font></strong></div></td>
<td><div align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(4)</font></strong></div></td>
<td><div align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(5)</font></strong></div></td>
</tr>
<tr valign="top">
<td rowspan="3"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">70 </font></td>
<td rowspan="3"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2710</font></td>
<td colspan="3"><div align="center"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">Motor spirit commonly known as petrol,- </font></div></td>
</tr>
<tr>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(i) intended for sale without a brand name; </font></td>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Rs. 7.73 per litre </font></td>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Rs. 8.48 per litre </font></td>
</tr>
<tr>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(ii) other than those specified at (i) </font></td>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Rs.8.91per litre </font></td>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Rs.9.66 per litre </font></td>
</tr>
<tr valign="top">
<td rowspan="3"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">71</font></td>
<td rowspan="3"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2710 19 30 </font></td>
<td colspan="3"><div align="center"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">High speed diesel (HSD),- </font></div></td>
</tr>
<tr>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(i) intended for sale without a brand name; </font></td>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Rs. 7.83 per litre </font></td>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Rs. 9.83 per litre </font></td>
</tr>
<tr>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(ii) other than those specified at (i) </font></td>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Rs. 10.19 per litre </font></td>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Rs. 12.19per litre </font></td>
</tr>
</table>
<p><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MTkwNDg=" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Notification 02/2016-CE., Dated: January 15, 2016</font></strong></a></p>
<p align="center"><font size="3" face="Georgia, Times New Roman, Times, serif"><strong><em><font color="#006600">Slight Changes in Tariff Value </font></em></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>GOVERNMENT</strong> has decreased the Tariff value of brass scrap, increased that of gold and silver's. Oils also see minor changes in tariff values. </font></p>
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<td colspan="5" valign="top"><div align="center"><strong><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Table 1 </font></strong></div></td>
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<td valign="top"><div align="center"><strong><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">S. No. </font></strong></div></td>
<td valign="top"><div align="center"><strong><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Chapter/ heading/ sub-heading/tariff item </font></strong></div></td>
<td valign="top" bgcolor="#D3E9BE"><div align="center"><strong><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Description of goods </font></strong></div></td>
<td valign="top"><div align="center"><strong><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff value USD (Per Metric Tonne) as on 31.12.2015 </font></strong></div></td>
<td valign="top"><div align="center"><font color="#FF0000"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff value USD (Per Metric Tonne) from 15.01.2016 </font></strong></font></div></td>
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<td valign="top"><div align="center"><strong><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">(1) </font></strong></div></td>
<td valign="top"><div align="center"><strong><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">(2) </font></strong></div></td>
<td valign="top"><div align="center"><strong><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">(3) </font></strong></div></td>
<td valign="top"><div align="center"><strong><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">(5) </font></strong></div></td>
<td valign="top"><div align="center"><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">(6) </font></strong></div></td>
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<td valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1 </font></td>
<td valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 10 00 </font></td>
<td valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Crude Palm Oil </font></td>
<td valign="bottom"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">557 </font></td>
<td valign="bottom"><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">553 </font></strong></td>
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<td valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">2 </font></td>
<td valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 90 10 </font></td>
<td valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">RBD Palm Oil </font></td>
<td valign="bottom"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">581 </font></td>
<td valign="bottom"><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">585 </font></strong></td>
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<td valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">3 </font></td>
<td valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 90 90 </font></td>
<td valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Others - Palm Oil </font></td>
<td valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">569 </font></td>
<td valign="top"><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">569 </font></strong></td>
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<td valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">4 </font></td>
<td valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 10 00 </font></td>
<td valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Crude Palmolein </font></td>
<td valign="bottom"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">595 </font></td>
<td valign="bottom"><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">596 </font></strong></td>
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<td valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">5 </font></td>
<td valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 90 20 </font></td>
<td valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">RBDPalmolein </font></td>
<td valign="bottom"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">598 </font></td>
<td valign="bottom"><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">599 </font></strong></td>
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<tr bgcolor="#B9FCFF">
<td valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">6 </font></td>
<td valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 90 90 </font></td>
<td valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Others - Palmolein </font></td>
<td valign="bottom"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">597 </font></td>
<td valign="bottom"><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">598 </font></strong></td>
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<td valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">7 </font></td>
<td valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1507 10 00 </font></td>
<td valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Crude Soyabean Oil </font></td>
<td valign="bottom"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">733 </font></td>
<td valign="bottom"><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">729 </font></strong></td>
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<td valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">8 </font></td>
<td valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">7404 00 22 </font></td>
<td valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Brass Scrap (all grades) </font></td>
<td valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">2904 </font></td>
<td valign="top"><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">2893 </font></strong></td>
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<td valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">9 </font></td>
<td valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1207 91 00 </font></td>
<td valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Poppy seeds </font></td>
<td valign="bottom"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">2722 </font></td>
<td valign="bottom"><strong><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">2722 </font></strong></td>
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<td colspan="5" valign="top"><div align="center"><strong><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Table 2 </font></strong></div></td>
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<td valign="top"><div align="center"><strong><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">S. No. </font></strong></div></td>
<td valign="top"><div align="center"><strong><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Chapter/ heading/ sub-heading/tariff item </font></strong></div></td>
<td valign="top"><div align="center"><strong><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Description of goods </font></strong></div></td>
<td valign="top"><div align="center"><strong><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff value USD from 31.12.2015 </font></strong></div></td>
<td valign="top"><div align="center"><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff value USD from 15.01.2016</font></strong></div></td>
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<td valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1 </font></td>
<td valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">71 or 98 </font></td>
<td valign="top"><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></td>
<td valign="top"><strong><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">345 per 10 grams </font></strong></td>
<td valign="top"><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">354 per 10 grams </font></strong></td>
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<tr bgcolor="#D3E9BE">
<td valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">2 </font></td>
<td valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">71 or 98 </font></td>
<td valign="top"><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></td>
<td valign="top"><strong><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">452 per kilogram </font></strong></td>
<td valign="top"><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">457 per kilogram </font></strong></td>
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<td colspan="5" valign="top"><div align="center"><strong><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Table 3 </font></strong></div></td>
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<tr bgcolor="#FCB970">
<td valign="top"><div align="center"><strong><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">S. No. </font></strong></div></td>
<td valign="top"><div align="center"><strong><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Chapter/ heading/ sub-heading/tariff item </font></strong></div></td>
<td valign="top"><div align="center"><strong><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Description of goods </font></strong></div></td>
<td valign="top"><div align="center"><strong><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff value USD (Per Metric Tons) from 31.12.2015 </font></strong></div></td>
<td valign="top"><div align="center"><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff value USD (Per Metric Tons) from 15.01.2016 </font></strong></div></td>
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<tr bgcolor="#FCB970">
<td valign="top" bgcolor="#FCB970"><div align="center"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1 </font></div></td>
<td valign="top" bgcolor="#FCB970"><div align="center"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">080280 </font></div></td>
<td valign="top" bgcolor="#FCB970"><div align="center"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Areca nuts </font></div></td>
<td valign="top"><div align="center"><strong><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">2558 </font></strong></div></td>
<td valign="top"><div align="center"><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">2558 </font></strong></div></td>
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</table>
<p><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MTkwNDQ=" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Notification No. 13/2016-Customs (NT), Dated: January 15, 2016 </font></strong></a></p>
<p align="center"><font size="3" face="Georgia, Times New Roman, Times, serif"><strong><em><font color="#006600">Tell the FM </font></em></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>WE</strong> start our Budget Run Up shortly. Please send in your suggestions. Please be brief and precise if you want the powers that be to read your views. We will try to take your suggestions to the FM and maybe you can help in making the Budget 2016. Rush your mails to <a href="mailto:editor@tiol.in" target="_blank"><strong>editor@tiol.in </strong></a></font></p>
<p><font color="#FF6666" size="2" face="Verdana, Arial, Helvetica, sans-serif">Until Tomorrow with more <strong>DDT</strong></font></p>
<p><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" target="_blank"><strong>vijaywrite@tiol.in</strong></a></font></p>
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