TIOL-DDT 2868 · the untouched capture
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<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/inside2.php3?filename=bnews_detail.php3&newsid=26988"><img src="http://www.taxindiaonline.com/RC2/image/stories/limca_book2016.jpg" alt="DDT in Limca Book of Records - Third Time in a row" width="252" height="220" hspace="5" border="0" align="right" ></a></font><font color="#663399" size="3">TIOL-DDT 2868</font><br>
15 06 2016 <br>
Wednesday</strong></font></p>
<p align="center"><font color="#006600" size="3" face="Georgia, Times New Roman, Times, serif"><strong><em>Virtually All States Support GST - FM</em></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">
<em>"<strong>VIRTUALLY</strong> all states have supported the idea of GST today barring Tamil Nadu which has expressed some reservations. Tamil Nadu has offered a few suggestions which have been noted by the committee."</em>, said the Finance Minister yesterday after a meeting of the empowered committee of State Finance Ministers. He said that there was no deadline as such but hoped to get the laws in place by the end of this year. The Finance Ministry released the Model GST Law for public scrutiny. And every line will be dissected in the coming days. I am personally very pessimistic about GST being a reality in the near future and am really scared about the monster that is going to be unleashed, but a few observations on the Draft Act may be not out of place.</font></p>
<p align="center"><img src="http://www.taxindiaonline.com/RC2/image/stories/2868_ddt.jpg" alt="" width="479" height="340" hspace="5" border="0" align="middle"></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>The Mysterious Competent Authority</strong>: In Government, there is a latent mysterious<em> "Competent Authority"</em> who seems to be all powerful but rarely visible. In most of the cases, we do not know who this 'competent authority' is. The GST Act also has this 'competent authority' propping up many times. The 'competent authority' can</font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1. Authorize distrain and detention of property for recovery of tax;</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2. Extend the period for return of seized goods;</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">3. Authorize an officer to summon any person;</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">4. Compound offences;</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">5. Decide on persons authorized to represent;</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">6. Transfer proceedings from one officer to another;</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">7. Decide on publication of names of offenders;</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">8. Issue written instructions;</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">9. Delegate powers;</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">10. Extend the period for return of goods cleared for job work.</font></p>
</blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">But who is this omnipotent 'competent authority'?</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">There is however one place where the 'competent authority' is defined. For issue of completion certificate for construction of a complex. In the days to come let's hope to find this authority, who is going to be the unseen hand that is going to run the GST regime.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Capital Goods under some schedule</strong>: The model Act defines Capital Goods as;</font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><em>"capital goods" means: -</em></font></p>
<blockquote>
<p align="justify"><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(A) the following goods, namely:-</font></em></p>
<blockquote>
<p align="justify"><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(i) all goods falling within Chapter 82, Chapter 84, Chapter 85, Chapter 90, heading6805, grinding wheels and the and the like, and parts thereof falling under heading 6804 of the <strong>Schedule </strong>to this Act;</font></em></p>
</blockquote>
</blockquote>
</blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The schedule to this Act has no Chapters and headings; what is meant is obviously the schedule to the Central Excise Tariff Act.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Retrospective Notifications</strong>: The Act seeks to confer certain 'retro' powers on the officers. Section 132 provides for - The Central Government (or the State Government) may, on the recommendation of the Council, make rules, including rules conferring the power to issue notifications with <font color="#FF0000">retrospective effect</font> under those rules, to carry into effect the purposes of this Act. As per Section 21, the registration can be cancelled with retrospective effect.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>What is input tax credit?</strong> Section 2(58) defines <em>"input tax credit"</em> as credit of 'input tax' as defined in section 2(56) - and section 2(56) defines <em>"Input Service Distributor"</em>!</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>GST compliance rating:</strong></font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><em>(1) Every taxable person shall be assigned a GST compliance rating score based on his record of compliance with the provisions of this Act.</em></font></p>
<p align="justify"><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(2) The GST compliance rating score shall be determined on the basis of parameters to be prescribed in this behalf.</font></em></p>
<p align="justify"><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(3) The GST compliance rating score shall be updated at periodic intervals and intimated to the taxable person and also placed in the public domain in the manner prescribed.</font></em></p>
</blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Lawyer friendly</strong>: The Law seems to be as lawyer-friendly as possible.</font></p>
<p align="center"><font color="#006600" size="3" face="Georgia, Times New Roman, Times, serif"><em><strong><a name="f1"></a>Customs - Single Window Project - Simplification of procedure in SWIFT for clearance of consignments related to drugs & cosmetics</strong></em></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE</strong> Single Window Interface for Trade (SWIFT) provides the importers/exporters a single point interface for clearance of import and export goods thereby reducing dwell time and cost of doing business. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Since its implementation, reports have been received highlighting problems faced by trade in relation to the import of drugs, cosmetics and medical equipment. The Board has examined these issues and in consultation with the Drug Controller General of India certain decisions have been taken to simplify the procedure for clearance of such goods: </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Items that are Chemicals and Not drugs</strong>: Several items falling under different Customs Tariff Heads which have been mapped in SWIFT as requiring clearance from Assistant Drug Controller's (ADC) office are chemicals and not drugs. These are being routed for ADC's clearance by virtue of the Customs Tariff Heads under which they are declared, and the ADC's office routinely declares them as <em>"out of scope"</em>. In this regard, a list of such items have been prepared and published on the ICEGATE website as part of PGA Exemption Category (PEC).The Board has already </font><font size="2" face="Verdana, Arial, Helvetica, sans-serif">established a Working Group to examine all such items. The PEC will be duly updated after holding consultations in the Working Group and with the approval of the concerned PGAs (DCGI - in case of drugs and cosmetics items). </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Dual Use Items & Excipients</strong>: Several items falling under different Customs Tariff Heads which have been mapped in SWIFT as requiring clearance from Assistant Drug Controllers' (ADC) office have dual use (use for medicinal and non-medicinal purposes) and excipients (an inactive substance that can serve as the vehicle or medium for a drug or other active substance). A large number of importers are importing them for purposes other than drugs or medicinal use. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">In respect of the category of dual-use items or excipients, in the Integrated Declaration, the items will normally not be referred to the ADC clearance. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Any problems faced by field formations may be reported to Single Window Project team, CBEC. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MjAwNTU=" target="_blank">CBEC Circular No. 28/2016-Cus., Dated: June 14, 2016 </a></strong></font></p>
<p align="center"><font color="#006600" size="3" face="Georgia, Times New Roman, Times, serif"><em><strong><a name="f2"></a>Excise Duty on readymade garments having a retail sale price of Rs. 1000 or more - CBEC Clarifies</strong></em></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>REPRESENTATIONS</STRONG> have been received from the trade regarding the scope of the levy of excise duty on readymade garments and made articles of textiles bearing a brand name or sold under a brand name and having a retail sale price of Rs. 1000 or more in this year's Budget. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The issue is: whether excise duty would be chargeable on readymade garments or made up articles of textiles which are sold by a retail store which merely affixes the retail sale price on the readymade garments or made up articles of textiles which are purchased by such retail store from the open market. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Board clarifies: </font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1. The present levy is not on all readymade garments and made ups, and is restricted only to readymade garments and made up articles of textiles bearing a brand name or sold under a brand name and having retail sale price (RSP) of Rs. 1000 or above. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2. To avoid disputes and minimize duty evasion, it has also been provided that affixing a brand name on the product, labeling or relabeling of its containers or repacking from bulk packs to retail packs or the adoption of any other treatment to render the product marketable to the consumer, shall amount to manufacture. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">3. However, such retailer shall not be liable to pay excise duty if: </font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">a) the retail sale price of such readymade garments or made up articles of textiles is less than Rs. 1000, or </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">b) the aggregate value of clearances for home consumption by such person is less than Rs. 1.5 crore in a year [provided aggregate value of clearances during previous financial year was less than Rs. 4 crore]. </font></p>
</blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">4. Merely because the outlets [shop] of a retailer, from where readymade garments or made ups are sold, has a name, say, M/s XYZ and Sons, the readymade garments or made ups sold from such outlet [shop] cannot be held as branded readymade garments or made ups and become liable to excise duty. Deemed manufacture and liability to excise duty will arise only if such retailer affixes a brand name on the readymade garments and affixes a label bearing the RSP on the packages containing the readymade garments of Rs. 1000 or above. </font></p>
</blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Board has directed that <em>field formations shall not visit individual retail outlets or retail chains, except based on specific inputs regarding duty evasion and with the approval of the jurisdictional Commissioner or Additional Director General <font color="#FF0000">or above</font>.</em> Who is this <em><font color="#FF0000">or above? </font></em></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MjAwNTQ=" target="_blank">CBEC Circular No. 1031/19/2016-CX., Dated: June 14, 2016</a></strong></font></p>
<p align="center"><font color="#006600" size="3" face="Georgia, Times New Roman, Times, serif"><em><strong><a name="f3"></a>Increase in Tariff Values of Gold</strong></em></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>GOVERNMENT </strong> has increased the tariff value of Gold. There is no change in the rates of other commodities: </font></p>
<div align="justify">
<table width="90%" border="1" align="center" cellpadding="3" cellspacing="0">
<tr valign="top" bgcolor="#D3E9BE">
<td colspan="5"><div align="center"><font color="#0000CC"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Table 1 </font></strong></font></div></td>
</tr>
<tr valign="top">
<td bgcolor="#D3E9BE"><strong><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">S. No. </font></strong></td>
<td bgcolor="#D3E9BE"><strong><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">Chapter/ heading/ sub-heading/tariff item </font></strong></td>
<td bgcolor="#D3E9BE"><strong><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">Description of goods </font></strong></td>
<td bgcolor="#D3E9BE"><strong><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff value USD (Per Metric Tonne) as on 31.05.2016 </font></strong></td>
<td bgcolor="#D3E9BE"><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff value USD (Per Metric Tonne) from 14.06.2016 </font></strong></td>
</tr>
<tr valign="top" bgcolor="#B9FCFF">
<td><div align="center"><font color="#0000CC"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(1) </font></strong></font></div></td>
<td><div align="center"><font color="#0000CC"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(2) </font></strong></font></div></td>
<td><div align="center"><font color="#0000CC"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(3) </font></strong></font></div></td>
<td><div align="center"><font color="#0000CC"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(5) </font></strong></font></div></td>
<td><div align="center"><font color="#0000CC"><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">(6) </font></strong></font></div></td>
</tr>
<tr valign="top" bgcolor="#B9FCFF">
<td><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">1 </font></td>
<td><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 10 00 </font></td>
<td><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">Crude Palm Oil </font></td>
<td><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">715 </font></td>
<td><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">715 </font></strong></td>
</tr>
<tr valign="top" bgcolor="#B9FCFF">
<td><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">2 </font></td>
<td><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 90 10 </font></td>
<td><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">RBD Palm Oil </font></td>
<td><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">729 </font></td>
<td><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">729 </font></strong></td>
</tr>
<tr valign="top" bgcolor="#B9FCFF">
<td><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">3 </font></td>
<td><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 90 90 </font></td>
<td><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">Others - Palm Oil </font></td>
<td><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">722 </font></td>
<td><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">722 </font></strong></td>
</tr>
<tr valign="top" bgcolor="#B9FCFF">
<td><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">4 </font></td>
<td><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 10 00 </font></td>
<td><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">Crude Palmolein </font></td>
<td><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">746 </font></td>
<td><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">746 </font></strong></td>
</tr>
<tr valign="top" bgcolor="#B9FCFF">
<td><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">5 </font></td>
<td><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 90 20 </font></td>
<td><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">RBD Palmolein </font></td>
<td><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">749 </font></td>
<td><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">749 </font></strong></td>
</tr>
<tr valign="top" bgcolor="#B9FCFF">
<td><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">6 </font></td>
<td><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 90 90 </font></td>
<td><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">Others - Palmolein </font></td>
<td><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">748 </font></td>
<td><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">748 </font></strong></td>
</tr>
<tr valign="top" bgcolor="#B9FCFF">
<td><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">7 </font></td>
<td><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">1507 10 00 </font></td>
<td><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">Crude Soyabean Oil </font></td>
<td><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">782 </font></td>
<td><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">782 </font></strong></td>
</tr>
<tr valign="top" bgcolor="#B9FCFF">
<td><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">8 </font></td>
<td><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">7404 00 22 </font></td>
<td><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">Brass Scrap (all grades) </font></td>
<td><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">2970 </font></td>
<td><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">2970 </font></strong></td>
</tr>
<tr valign="top" bgcolor="#B9FCFF">
<td><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">9 </font></td>
<td><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">1207 91 00 </font></td>
<td><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">Poppy seeds </font></td>
<td><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">2533 </font></td>
<td><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">2533 </font></strong></td>
</tr>
<tr valign="top">
<td colspan="5"><div align="center"><font color="#003399" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Table 2</strong></font></div></td>
</tr>
<tr valign="top" bgcolor="#D3E9BE">
<td><strong><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">S. No. </font></strong></td>
<td><strong><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">Chapter/ heading/ sub-heading/tariff item </font></strong></td>
<td><strong><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">Description of goods </font></strong></td>
<td><strong><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff value USD from 31.05.2016 </font></strong></td>
<td><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff value USD from 14.06.2016 </font></strong></td>
</tr>
<tr valign="top" bgcolor="#D3E9BE">
<td><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">1 </font></td>
<td><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">71 or 98 </font></td>
<td><font color="#0000CC" 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><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">395 per 10 grams </font></td>
<td><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">416 per 10 grams </font></strong></td>
</tr>
<tr valign="top" bgcolor="#D3E9BE">
<td><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">2 </font></td>
<td><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">71 or 98 </font></td>
<td><font color="#0000CC" 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><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">531 per kilogram </font></td>
<td><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">531 per kilogram </font></strong></td>
</tr>
<tr valign="top">
<td colspan="5"><div align="center"><font color="#0033CC" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Table 3 </strong></font></div></td>
</tr>
<tr valign="top" bgcolor="#FCB970">
<td><strong><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">S. No. </font></strong></td>
<td><strong><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">Chapter/ heading/ sub-heading/tariff item </font></strong></td>
<td><strong><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">Description of goods </font></strong></td>
<td><strong><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff value USD (Per Metric Tons) from 31.05.2016 </font></strong></td>
<td><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff value USD (Per Metric Tons) from 14.06.2016 </font></strong></td>
</tr>
<tr valign="top" bgcolor="#FCB970">
<td><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">1 </font></td>
<td><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">080280 </font></td>
<td><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">Arecanuts </font></td>
<td><font color="#0000CC" size="2" face="Verdana, Arial, Helvetica, sans-serif">2617 </font></td>
<td><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">2617 </font></strong></td>
</tr>
</table>
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<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MjAwNTI=" target="_blank">Notification No. 85/2016-CUSTOMS (N.T.)., Dated: June 14, 2016</a></strong></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"><font color="#FF6666" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Have a nice day.</strong></font></p>
<p align="justify"><font color="#FF6666" size="2" face="Verdana, Arial, Helvetica, sans-serif">Mail your comments to <a href="mailto:vijaywrite@tiol.in" target="_blank"><strong>vijaywrite@tiol.in</strong></a></font></p>
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