TIOL-DDT 2776 · the untouched capture
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<p align="left"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#663399" size="3">TIOL-DDT 2776</font><br>
01 02 2016<br>
Monday</strong></font></p>
<p align="center"><font face="Georgia, Times New Roman, Times, serif"><strong><font color="#006600" size="3"><em>Tribunal cannot pass orders based on sentiments - High Court remands matter to original authority</em></font></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE</strong> assessee is a Bank. The dispute is about reversal of CENVAT Credit on input services used for providing dutiable and exempted services. At the material period, there was a rule which allowed full credit on certain input services (rule 6(5)), though they are used for exempted services and another rule which stipulated that the assessee is entitled to utilize credit only to the extent of 20% of their output tax liability. It is the case of the revenue that the assessee had utilized credit in excess of 20% limit and also irregularly classified certain services to take the benefit of full credit. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">When the matter reached Tribunal, vide its order reported in <strong><a href="http://www.taxindiaonline.com/RC2/caseLawDet.php?QoPmnXyZ=OTY2NDg=" target="_blank">2014-TIOL-1945-CESTAT-BANG</a>, </strong>CESTAT held that as per the details furnished by the appellant and certified by the Chartered Accountant, the appellant had not availed CENVAT Credit in excess of 20% and also the entire demand is barred by limitation. On the second issue, the Tribunal, though thought of remanding the case, made a suggestion to the counsel for the assessee that, if the appellant pays the amount due for the normal period, the matter can be closed even though in Tribunal's opinion appellant did have a case in their favour. Accordingly, the assessee came forward to pay RsRs.3,71,501/- and interest of Rs.4,025/ which was accepted by the Tribunal. While disposing the case, the Tribunal observed: </font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><em>We also agree that the sentiment expressed in the letter even though they do not agree with the contention of the Department, in order to cooperate with the Department and buy peace and to bring an end to the litigation which involves very small amount, the appellant has chosen to pay the same. </em></font></p>
</blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Aggrieved by the above, revenue filed appeal before the High Court and the High Court remanded the matter to the original authority with the observation that “the Tribunal proceeded to pass the order based on sentiments which is uncalled for, particularly, while adjudicating the revenue matters”. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">It will be interesting to see if the revenue can finally get more than the amount confirmed by the CESTAT or even lose that. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Please see <a href="http://www.taxindiaonline.com/RC2/inside2.php3?filename=bnews_detail.php3&newsid=25929" target="_blank">Breaking News</a></strong></font></p>
<p align="center"><font size="3" face="Georgia, Times New Roman, Times, serif"><strong> <font color="#006600"><em>Service Tax - EBIZ MD gets bail </em></font></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>ON</strong> Friday, DDT carried the case of the arrest of EBIZ MD. The bail application of the MD as reported came up for hearing on Friday. The MD is said to be a citizen of Canada holding a Canadian passport but is a resident of India. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The case of the prosecution is that a specific intelligence was received by the DGCEI officers that M/s e-Biz.com Pvt Ltd were selling their e-educational packages to their customers to be accessed online by using login and password, however, in order to enjoy exemption of90% available to tour operators, they rechristened their e-educational package as ‘eBiz Holiday Accommodation Packages'. Both the packages i.e eBiz educational package or eBiz Holiday Accommodation Packages were available at a fixed price of Rs 10,880/- (inclusive of all taxes), however, they were not at all in tour operating business. The investigation revealed that the company had shown more than40% of its business from holiday packages, on which they were taking abatement of 90% under the category of ‘Tour Operator', whereas, they were not providing any service covered under ‘touroperator'. As per the case of the prosecution the service tax collected by the company but not paid/deposited is more than Rs 17 crores.The applicant is stated to be the MD of the company. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The Additional Sessions Judge court observed, </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><em>It is an admitted fact that at this stage, the applicant is in custody in this case since 20 01.2016 and his statement u/s 14 of the Central Excise Act, 1944 dated 20.01.2016 has already been recorded The above said company has without prejudice to the rights and contentions has also voluntarily deposited Rs. 17 crores towards the Service Tax (copy of receipts have been filed on record in that regard) i.e has deposited the entire alleged evaded service tax amount of Rs. 17 crores. The issue whether the said company could have claimed the said exemption under the Notification dated 20.06.2012 is under dispute between the parties, however still the said company to show its bona fides has deposited the said alleged evaded amount of Rs 17 crores with the Service Tax department. </em></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><em>The applicant at this stage does not seem to be required for any further investigation and is stated to be in custody in this case since 20.01.2016. </em></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><em> </em></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><em>In view of the totality of the facts and circumstances of the case, period of custody, as the applicant does not seem to be required for further inquiry / investigation and the said company has voluntarily deposited the alleged evaded amount of Rs. 17 crores with the Service Tax department, therefore, no fruitful purpose would be served by keeping the applicant in further custody. </em></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><em>The applicant accused Pawan Malhan is thus admitted to bail on furnishing a personal bond in the sum of Rs 1 lakh with one surety of the like amount subject to the following conditions:</em></font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><em>(1) That the applicant / accused shall join the inquiry investigation as and when required or directed by the IO, </em></font></p>
<p align="justify"><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(2) That the applicant / accused shall as stated by the ld counsel for the applicant deposit his passport with the trial court at the rime of furnishing bail bonds and </font></em></p>
<p align="justify"><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(3) That the applicant/ accused shall not leave India without the prior permission of the trial court. </font></em></p>
</blockquote>
<p align="justify"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">It is heard that DGCEI is now investigating Amazon.com in a 200 crore evasion case. </font></p>
<p align="center"><font size="3" face="Georgia, Times New Roman, Times, serif"><strong><font color="#006600"><em>Reduction in Government Litigation - Withdrawal of Cases </em></font></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>RECENTLY</STRONG> the Board had increased the monetary limits for the Department filing appeal in the High Court to Rs. 15 lakhs and the CESTAT to Rs. 10 lakhs. The Board wanted the Chief Commissioners to withdraw cases below the above limits. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The CBEC finds that the reports sent from the field and the data available in the Board do not match as to the number of appeals to be withdrawn. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">So the Board wants the Chief Commissioners to re-examine the cases and submit fresh reports to the Board. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">As per the Board's data,there are 7355 cases pending in CESTAT in which the amount involved is less than Rs. 10 lakhs. There are 3537 cases pending in High Courts where the amount involved is less than Rs. 15 lakhs. The fact is that no Commissionerate has any reliable data on the number of cases pending in various appellate forums. </font></p>
<p align="justify"><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MTkxMDk=" target="_blank"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>CBEC Member's D.O.F No. 390/Misc/163/2010-JC., Dated: January 28, 2016 </strong></font></a></p>
<p align="center"><font size="3" face="Georgia, Times New Roman, Times, serif"><strong><font color="#006600"><em>FTP - IEC Code - Ease of Doing Business </em></font></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">To get an Importer-Exporter Code (IEC)following are the requisite details/documents (scanned copies) to be submitted/ uploaded along with the application for IEC: </font></p>
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<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(i) Details of the entity seeking the IEC: </font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(1) PAN of the business entity in whose name Import/Export would be done (Applicant individual in case of Proprietorship firms). </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(2) Address Proof of the applicant entity. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(3) LLPIN /CIN/ Registration Certification Number (whichever is applicable). </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(4) Bank account details of the entity. Cancelled cheque bearing entity's pre- printed name or Bank certificate in prescribed format ANF-2A (I). </font></p>
</blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(ii) Details of the Proprietor/ Partners/ Directors/ Secretary or Chief Executive of the Society/ Managing Trustee of the entity: </font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(1) PAN (for all categories)</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(2) DIN/DPIN (in case of Company /LLP firm) </font></p>
</blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(iii) Details of the signatory applicant: </font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(1) Identity proof </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(2) PAN </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(3) Digital photograph </font></p>
</blockquote>
</blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The Government has amended the Foreign Trade Policy to stipulate that only the following are required to be uploaded along with the application for IEC with immediate effect: </font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(1) Digital photograph of the signatory applicant; </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(2) Copy of the PAN card of the business entity in whose name Import/Export would be done (Applicant individual in case of Proprietorship firms); </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(3) Cancelled cheque bearing entity's pre-printed name or Bank certificate in prescribed format ANF-2A(I) </font></p>
</blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">And from 1.4.2016 only online application for IEC /modification in IEC can be made by applicants through digital signature. </font></p>
<p align="justify"><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MTkwOTk=" target="_blank"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>DGFT Notification No. 34/2015-2020 , Dated: January 29, 2016</strong></font></a></p>
<p align="center"><font color="#006600" size="3" face="Georgia, Times New Roman, Times, serif"><strong><em>Excise Duty on Petrol and Diesel hiked </em></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>GOVERNMENT </strong>has again hiked the excise duty on petrol and diesel with effect from 31st January 2016 </font></p>
<table width="90%" border="1" align="center" cellpadding="3" cellspacing="0">
<tr bgcolor="#FFA466">
<td width="0"><p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Sl. No. </strong></font></p></td>
<td width="0"><p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Chapter or heading or sub-heading or tariff item of the First Schedule </strong></font></p></td>
<td width="0"><p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Description of excisable goods </strong></font></p></td>
<td width="0"><p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Existing Rate </strong></font></p></td>
<td width="0"><p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Rate w.e.f <br>
31 01 2016 </strong></font></p></td>
</tr>
<tr>
<td width="0"><p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>(1) </strong></font></p></td>
<td width="0"><p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>(2) </strong></font></p></td>
<td width="0"><p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>(3) </strong></font></p></td>
<td width="0"><p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>(4) </strong></font></p></td>
<td width="0"><p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>(5) </strong></font></p></td>
</tr>
<tr>
<td width="0" rowspan="3" valign="top"><p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">70</font></p> </td>
<td width="0" rowspan="3" valign="top"><p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2710</font></p> </td>
<td colspan="3" valign="top"><p align="center"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">Motor spirit commonly known as petrol,- </font></p></td>
</tr>
<tr>
<td width="0"><p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(i) intended for sale without a brand name; </font></p></td>
<td width="0"><p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Rs. 8.48 per litre </font></p></td>
<td width="0"><p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Rs. 9.48 per litre </font></p></td>
</tr>
<tr>
<td width="0"><p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(ii) other than those specified at (i) </font></p></td>
<td width="0"><p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Rs.9.96per litre </font></p></td>
<td width="0"><p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Rs. 9.48 per litre </font></p></td>
</tr>
<tr>
<td width="0" rowspan="3" valign="top"><p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">71</font></p> </td>
<td width="0" rowspan="3" valign="top"><p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2710 19 30</font></p> </td>
<td colspan="3" valign="top"><p align="center"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">High speed diesel (HSD),- </font></p></td>
</tr>
<tr>
<td width="0"><p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(i) intended for sale without a brand name; </font></p></td>
<td width="0"><p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Rs. 9.83 per litre </font></p></td>
<td width="0"><p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Rs. 11.33 per litre </font></p></td>
</tr>
<tr>
<td width="0"><p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(ii) other than those specified at (i) </font></p></td>
<td width="0"><p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Rs. 12.19 per litre </font></p></td>
<td width="0"><p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Rs. 13.69per litre </font></p></td>
</tr>
</table>
<p align="justify"><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MTkxMDg=" target="_blank"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Notification No. 4/2016-CE., Dated: January 30, 2016 </strong></font></a></p>
<p align="center"><strong><font color="#006600" size="3" face="Georgia, Times New Roman, Times, serif"><em>Anti Dumping - Government amends a Non Existing entry in Notification</em></font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>GOVERNMENT</STRONG> had imposed anti dumping duty on Rubber Chemical PX-13 with effect from 5.5.2008, by Notification No. 133/2008, dated 12.12.2008. Sl. No. 4 of the table to the Notification was: </font></p>
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<td width="0" valign="top"><p align="justify"><font size="1" face="Verdana, Arial, Helvetica, sans-serif">4 </font></p></td>
<td width="0" valign="top"><p align="justify"><font size="1" face="Verdana, Arial, Helvetica, sans-serif">2902, 2907, 2909, 2917, 2921, 2925, 2930, 2933, 2934, 2935, 2942,3811, 3812, or 3815 </font></p></td>
<td width="0" valign="top"><p align="justify"><font size="1" face="Verdana, Arial, Helvetica, sans-serif">Rubber Chemical PX-13 </font></p></td>
<td width="0" valign="top"><p align="justify"><font size="1" face="Verdana, Arial, Helvetica, sans-serif">N-(1,3-dimethyl butyl)-N' Phenyl-p- phenylenediamine or </font></p>
<p align="justify"><font size="1" face="Verdana, Arial, Helvetica, sans-serif">6C, or Pilflex 13, Sirantox 4020, antioxidant 4020, kumhonax 13, vulcanox 4020 </font></p></td>
<td width="0" valign="top"><p align="justify"><font size="1" face="Verdana, Arial, Helvetica, sans-serif">Korea RP </font></p></td>
<td width="0" valign="top"><p align="justify"><font size="1" face="Verdana, Arial, Helvetica, sans-serif">Korea RP </font></p></td>
<td width="0" valign="top"><p align="justify"><font size="1" face="Verdana, Arial, Helvetica, sans-serif">Kumho Petrochemicals Co.Ltd </font></p></td>
<td width="0" valign="top"><p align="justify"><font size="1" face="Verdana, Arial, Helvetica, sans-serif">Kumho Petrochemicals Co.Ltd </font></p></td>
<td width="0" valign="top"><p align="justify"><font color="#FF0000" size="1" face="Verdana, Arial, Helvetica, sans-serif">10.35 </font></p></td>
<td width="0" valign="top"><p align="justify"><font size="1" face="Verdana, Arial, Helvetica, sans-serif">Per kilogram </font></p></td>
<td width="0" valign="top"><p align="justify"><font size="1" face="Verdana, Arial, Helvetica, sans-serif">Rupees </font></p></td>
</tr>
</table>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">By Notification No. 93/2011-Cus, dated 20.9.2011, the above entry No. 4 was omitted. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Now, the Government has amended the amount Rs. 10.35 to Rs. 5.90 in the omitted Sl. No 4 above. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">So, perhaps, no one will complain! </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Can they amend an entry they deleted in 2011? </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The Notification states that it would be effective from 5.5.2008 to 19.9.2011. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Does this amendment have something to do with the decision reported as <strong><a href="http://www.taxindiaonline.com/RC2/caseLawDet.php?QoPmnXyZ=OTQ5MTU=" target="_blank">2014-TIOL-1130-HC-DEL-AD</a></strong>? </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Maybe the Board can seriously consider amending the Statutes retrospectively without going to Parliament.</font></p>
<p align="justify"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=337&filename=notification/custom/ctariffadd2016.htm" target="_blank"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Notification No. 4/2016- Customs (ADD)., Dated: January 29 2016</strong></font></a></p>
<p align="center"><font color="#006600" size="3" face="Georgia, Times New Roman, Times, serif"><strong><em>Slight Changes in Tariff Value </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 and poppy seeds, increased that of gold and reduced silver's. Oils also see minor changes in tariff values. </font></p>
<table width="90%" border="1" align="center" cellpadding="3" cellspacing="0">
<tr bgcolor="#D3E9BE">
<td colspan="5" valign="top"><p align="center"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Table 1</strong></font></p></td>
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<tr bgcolor="#D3E9BE">
<td width="0" valign="top" bgcolor="#D3E9BE"><p align="center"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>S. No. </strong></font></p></td>
<td width="0" valign="top" bgcolor="#D3E9BE"><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 width="0" valign="top" bgcolor="#D3E9BE"><p align="center"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Description of goods </strong></font></p></td>
<td width="0" valign="top" bgcolor="#D3E9BE"><p align="center"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Tariff value USD (Per Metric Tonne) as on 15.01.2016 </strong></font></p></td>
<td width="0" valign="top"><p align="center"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Tariff value USD (Per Metric Tonne) from 29.01.2016 </strong></font></p></td>
</tr>
<tr bgcolor="#D3E9BE">
<td width="0" valign="top" bgcolor="#D3E9BE"><p align="center"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>(1) </strong></font></p></td>
<td width="0" valign="top" bgcolor="#D3E9BE"><p align="center"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>(2) </strong></font></p></td>
<td width="0" valign="top" bgcolor="#D3E9BE"><p align="center"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>(3) </strong></font></p></td>
<td width="0" valign="top" bgcolor="#D3E9BE"><p align="center"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>(5) </strong></font></p></td>
<td width="0" valign="top"><p align="center"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>(6) </strong></font></p></td>
</tr>
<tr bgcolor="#B9FCFF">
<td width="0" valign="top" bgcolor="#B9FCFF"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1 </font></p></td>
<td width="0" valign="top" bgcolor="#B9FCFF"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 10 00 </font></p></td>
<td width="0" valign="top" bgcolor="#B9FCFF"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Crude Palm Oil </font></p></td>
<td width="0" valign="bottom" bgcolor="#B9FCFF"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">553 </font></p></td>
<td width="0" valign="bottom"><p align="justify"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>566 </strong></font></p></td>
</tr>
<tr bgcolor="#B9FCFF">
<td width="0" valign="top" bgcolor="#B9FCFF"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">2 </font></p></td>
<td width="0" valign="top" bgcolor="#B9FCFF"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 90 10 </font></p></td>
<td width="0" valign="top" bgcolor="#B9FCFF"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">RBD Palm Oil </font></p></td>
<td width="0" valign="bottom" bgcolor="#B9FCFF"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">585 </font></p></td>
<td width="0" valign="bottom"><p align="justify"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>586 </strong></font></p></td>
</tr>
<tr bgcolor="#B9FCFF">
<td width="0" valign="top" bgcolor="#B9FCFF"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">3 </font></p></td>
<td width="0" valign="top" bgcolor="#B9FCFF"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 90 90 </font></p></td>
<td width="0" valign="top" bgcolor="#B9FCFF"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Others - Palm Oil </font></p></td>
<td width="0" valign="top" bgcolor="#B9FCFF"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">569 </font></p></td>
<td width="0" valign="top"><p align="justify"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>576 </strong></font></p></td>
</tr>
<tr bgcolor="#B9FCFF">
<td width="0" valign="top" bgcolor="#B9FCFF"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">4 </font></p></td>
<td width="0" valign="top" bgcolor="#B9FCFF"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 10 00 </font></p></td>
<td width="0" valign="top" bgcolor="#B9FCFF"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Crude Palmolein </font></p></td>
<td width="0" valign="bottom" bgcolor="#B9FCFF"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">596 </font></p></td>
<td width="0" valign="bottom"><p align="justify"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>594 </strong></font></p></td>
</tr>
<tr bgcolor="#B9FCFF">
<td width="0" valign="top" bgcolor="#B9FCFF"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">5 </font></p></td>
<td width="0" valign="top" bgcolor="#B9FCFF"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 90 20 </font></p></td>
<td width="0" valign="top" bgcolor="#B9FCFF"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">RBDPalmolein </font></p></td>
<td width="0" valign="bottom" bgcolor="#B9FCFF"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">599 </font></p></td>
<td width="0" valign="bottom"><p align="justify"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>597 </strong></font></p></td>
</tr>
<tr bgcolor="#B9FCFF">
<td width="0" valign="top" bgcolor="#B9FCFF"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">6 </font></p></td>
<td width="0" valign="top" bgcolor="#B9FCFF"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 90 90 </font></p></td>
<td width="0" valign="top" bgcolor="#B9FCFF"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Others - Palmolein </font></p></td>
<td width="0" valign="bottom" bgcolor="#B9FCFF"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">598 </font></p></td>
<td width="0" valign="bottom"><p align="justify"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>596 </strong></font></p></td>
</tr>
<tr bgcolor="#B9FCFF">
<td width="0" valign="top" bgcolor="#B9FCFF"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">7 </font></p></td>
<td width="0" valign="top" bgcolor="#B9FCFF"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1507 10 00 </font></p></td>
<td width="0" valign="top" bgcolor="#B9FCFF"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Crude Soyabean Oil </font></p></td>
<td width="0" valign="bottom" bgcolor="#B9FCFF"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">729 </font></p></td>
<td width="0" valign="bottom"><p align="justify"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>720 </strong></font></p></td>
</tr>
<tr bgcolor="#B9FCFF">
<td width="0" valign="top" bgcolor="#B9FCFF"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">8 </font></p></td>
<td width="0" valign="top" bgcolor="#B9FCFF"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">7404 00 22 </font></p></td>
<td width="0" valign="top" bgcolor="#B9FCFF"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Brass Scrap (all grades) </font></p></td>
<td width="0" valign="top" bgcolor="#B9FCFF"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">2893 </font></p></td>
<td width="0" valign="top"><p align="justify"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>2821 </strong></font></p></td>
</tr>
<tr bgcolor="#B9FCFF">
<td width="0" valign="top" bgcolor="#B9FCFF"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">9 </font></p></td>
<td width="0" valign="top" bgcolor="#B9FCFF"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1207 91 00 </font></p></td>
<td width="0" valign="top" bgcolor="#B9FCFF"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Poppy seeds </font></p></td>
<td width="0" valign="bottom" bgcolor="#B9FCFF"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">2722</font></p></td>
<td width="0" valign="bottom"><p align="justify"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>2593 </strong></font></p></td>
</tr>
<tr>
<td colspan="5" 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="#D3E9BE">
<td width="0" valign="top"><p align="center"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>S. No. </strong></font></p></td>
<td width="0" 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 width="0" 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 width="0" valign="top"><p align="center"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Tariff value USD from 15.01.2016 </strong></font></p></td>
<td width="0" valign="top"><p align="center"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Tariff value USD from 29.01.2016 </strong></font></p></td>
</tr>
<tr bgcolor="#D3E9BE">
<td width="0" valign="top"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1 </font></p></td>
<td width="0" valign="top"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">71 or 98 </font></p></td>
<td width="0" 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 width="0" valign="top"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>354 per 10 grams </strong></font></p></td>
<td width="0" valign="top"><p align="justify"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>362 per 10 grams </strong></font></p></td>
</tr>
<tr bgcolor="#D3E9BE">
<td width="0" valign="top"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">2 </font></p></td>
<td width="0" valign="top"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">71 or 98 </font></p></td>
<td width="0" 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 width="0" valign="top"><p align="justify"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>457 per kilogram </strong></font></p></td>
<td width="0" valign="top"><p align="justify"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>443 per kilogram </strong></font></p></td>
</tr>
<tr bgcolor="#D3E9BE">
<td colspan="5" 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="#FCB970">
<td width="0" valign="top"><p align="center"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>S. No. </strong></font></p></td>
<td width="0" 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 width="0" 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 width="0" valign="top"><p align="center"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Tariff value USD (Per Metric Tons) from 15.01.2016 </strong></font></p></td>
<td width="0" valign="top"><p align="center"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Tariff value USD (Per Metric Tons) from 29.01.2016 </strong></font></p></td>
</tr>
<tr bgcolor="#FCB970">
<td width="0" valign="top"><p align="center"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1 </font></p></td>
<td width="0" valign="top"><p align="center"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">080280 </font></p></td>
<td width="0" valign="top"><p align="center"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Areca nuts </font></p></td>
<td width="0" valign="top"><p align="center"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>2558 </strong></font></p></td>
<td width="0" valign="top"><p align="center"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>2558 </strong></font></p></td>
</tr>
</table>
<p align="justify"><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MTkxMDA=" target="_blank"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Notification No. 16/2016-Customs (NT), Dated: January 29, 2016 </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>
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