TIOL-DDT 2880 · the untouched capture
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<p><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 2880</font><br>
01 07 2016<br>
Friday
</strong></font></p>
<p align="center"><font color="#006600" size="3" face="Georgia, Times New Roman, Times, serif"><em><strong>CBEC - Launch of special drive from 1.7.2016 to 30.9.2016 to resolve certain pending issues in drawback cases</strong></em></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>A </strong>delegation of the office bearers of Delhi Exporters Association (All India Body of Exporters) met Chairman (CBEC) on 22.6.2016 and requested that there be no letup in the timely disposal of AIR Drawback claims. Certain instances of field formations asking for <em>"no overdue payments"</em> certificates from banks w.r.t. realization of export proceeds or raising of generalized queries or queries for producing documents that prima facie do not have specificity to the claims were brought to notice of Chairman. Drawback hold up on account of EGM mismatch was highlighted. The field formations insisting on timely <em>"supplementary"</em> claims from exporters when the drawback Cells had, themselves, in the past, made drawback <em>"zero-zero" </em>without following normal procedure or principles of natural justice was also raised and the Association pointed out that <em>"zero-zero"</em> drawback was an administrative action so such insistence by field formations was not appropriate.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Board desires that:</font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1. the Zones continue to ensure there is no hold up of drawback and that processable cases are disbursed timely.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2. resolving EGM mis match by Airlines should be made a continuous process via regular Trade Facilitation Committee meetings.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">3. Insofar as a seeking realization certificate from Banks is concerned, the Zones are aware that the new electronic RBI-BRC Module is effective for exports with LEO dates from 1.4.2014 onwards. This obviates need to routinely seek documents from the large majority of compliant exporters.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">4. Even for earlier shipping bills, the Commissioners should be instructed to personally ensure that outstanding issues are resolved in a trade friendly manner.</font></p>
</blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The Board has also decided that Commissioners shall launch a concerted drive from 1.7.2016 to 30.9.2016 to -</font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(a) weed out generalized queries or irrelevant requests for information in queried cases by undertaking a review of the database of queries and resolve such queried cases;</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(b) redress the above cited type of zero-zero drawback cases where exporters have produced the documents/replied to queries.</font></p>
</blockquote>
<p align="justify"><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MjAxMzg=" target="_blank"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>CBEC Letter in F.No.609/14/2014-DBK., Dated June 30 2016</strong></font></a></p>
<p align="center"><font color="#006600" size="3" face="Georgia, Times New Roman, Times, serif"><em><strong><a name="f1"></a>Balance of Education Cesses in PLA - whether lapses or is refundable?</strong></em></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>WE</strong> received this mail -</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">I find that DDT has championed the cause of we assessees in the matter of utilization of accumulated credit of Education Cess(es).</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Nonetheless, we were disheartened to note the contents of the <a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MTg4NjM=" target="_blank"><strong>Para B-21 of CBEC Instruction in F.No.96/85/2015-CX.I., Dated: December 07, 2015</strong></a></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Reported in <a href="http://www.taxindiaonline.com/RC2/NewsDesc.php?MpoQSrPnM=MjU0NDM=" target="_blank"><strong>DDT 2741</strong> </a>wherein you have encapsulated the Board's decision thus -</font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><em>1. It was Government's conscious policy decision to withdraw the Education Cess and Secondary & Higher Education Cess.</em></font></p>
<p align="justify"><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2. It is a policy decision to not allow utilization of accumulated credit of education cess and secondary and higher education cess after these Cesses have been phased out.</font></em></p>
<p align="justify"><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">3. As these Cesses have been phased out and no new liability to pay such Cess arises, no vested right can be said to exist in relation to the accumulated credit of the past.</font></em></p>
<p align="justify"><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">4. The rule and notifications as they exist need to be followed and do not need any amendment.</font></em></p>
</blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">In a manner of sorts, we have resigned ourselves to our fate in the matter.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">However, a few of our brethren had a balance of such Education cesses in their account current (PLA) and which on the fateful day of the Government exempting the Cesses remained unutilized and continue to remain so. A couple of them, after getting to know the Board decision (cited above) waited for the Union Budget but finding nothing therein filed refund claims u/s 11B of CEA, 1944, recently.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Not to mention that the departmental authorities have issued SCNs alleging time bar, we feel that the ground is inapplicable if we delve into the past Board instructions (almost three decades old, which advises a mere transfer of credit) and also a few decisions of the Tribunal.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>+ Board Circular No. 7/93-CX.6 Dated 23-4-1993</strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Subject: Central Excise - Transfer of Credit Balance lying in Personal Ledger Account under one minor head to another minor head - Regarding.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The Board has examined the question of utilisation of credit balance of Special Excise Duty (SED) lying unutilised in the PLA consequent to the abolition of SED vide Notification No. 5/93-C.E., dated 28-2-1993. The issue had earlier been examined by the Board the context of abolition of SED vide Notification No. 178/86-C.E., dated 1-3-86 and instructions were issued, in consultation with Chief Controller of Accounts, vide Circular No. 23/86-CX.6, dated 27-6- 1986. Board desires that the procedure prescribed therein may be followed,<em> mutatis - mutandis</em>, in case of unutilised credit balance of SED lying in PLA of assessees in your jurisdiction.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>+ The Circular 23/86-CX.6</strong> mentions -</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">3. The assessee desiring to transfer the unutilised credit balance of SED to the head of account of BED in his PLA may make an application in quintuplicate indicating, <em>inter-alia</em>, (i) name and address of the assessee, PLA No. sub-major and minor head of account name of the commodity and tariff item balance of SED and (ii) sub major and minor head of BED account, name of the commodity and tariff item to which the amount is to be transferred. On receipt of the said application, the Range Superintendent after making necessary effect checks and verifications will permit the transfer of the credit balance under SED to the BED after indicating the proper head of account and make endorsement to this effect on all copies of the application. One copy of the application bearing the Range Officer's endorsement permitting the transfer shall be forwarded to the C.A.O. so has to enable him to carry out necessary reconciliation/adjustment in his accounts. Other copies will be handed over to the assessee, who would attach the same to the RT-12 pertaining to the month in which the transfer is effected.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Coupled with the above, the following decisions as reported by TIOL should assist the assessee in getting the due refund -</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><em>++ Jay Shree Tea & Industries Ltd.</em> <a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=34&filename=legal/cestat/2005/2005-TIOL-1626-CESTAT-KOL.htm" target="_blank"><strong>2005-TIOL-1626-CESTAT-KOL</strong></a></font></p>
<p align="justify"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">Refund - Withdrawal of sum deposited in PLA following removal of duty on packaged tea - Neither unjust enrichment nor limitation to apply such deposits as the money belongs to the assessee.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><em>++ Bijalimoni Tea Estate</em> <a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=34&filename=legal/cestat/2007/2007-TIOL-2332-CESTAT-KOL.htm" target="_blank"><strong>2007-TIOL-2332-CESTAT-KOL</strong></a></font></p>
<p align="justify"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">Un-utilised amount in PLA is refundable to the appellants</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><em>++ Welspun India Ltd -</em> <a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=34&filename=legal/cestat/2009/2009-TIOL-1313-CESTAT-AHM.htm" target="_blank"><strong>2009-TIOL-1313-CESTAT-AHM</strong></a></font></p>
<p align="justify"><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif">Refund of Unutilized amount in PLA - the money is that of the assessee and can be claimed by him without attracting the provisions of refund claim:</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">It is also pertinent to note that section 11B(2), first proviso clearly excludes the following from the bar of unjust enrichment -</font></p>
<p align="justify"><font color="#990000" size="2" face="Verdana, Arial, Helvetica, sans-serif">(b) unspent advance deposits lying in balance in the applicant's account current maintained with the Commissioner of Central Excise;</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>DDT</strong> may like to make a mention of the above in its daily issue for the benefit and guidance of all concerned. Hopefully, the Board also shows some indulgence.</font></p>
<p align="center"><font color="#006600" size="3" face="Georgia, Times New Roman, Times, serif"><em><strong><a name="f2"></a>Writ Jurisdiction of the Supreme Court - Only When Fundamental rights are violated</strong></em></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>IN</strong> a case pertaining to NDPS, there was a writ petition in the Supreme Court asking for a direction to allow remission of sentence. The issue here is whether a writ of mandamus can be issued to authorities to grant remission to the petitioners. The Supreme Court held that <em>Article 32, as has been interpreted and stated by the Constitution Bench and well settled in law, can be only invoked when there is violation of any fundamental right or where the Court takes up certain grievance which falls in the realm of public interest litigation.</em></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">For more details, please see<strong> <a href="http://www.taxindiaonline.com/RC2/inside2.php3?filename=bnews_detail.php3&newsid=27412" target="_blank">Breaking News</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>Rates of Interest - What is meaning of 'except as respects things done or omitted to be done before such supersession'?</strong></em></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>IN </strong>a recent meeting of the Regional Advisory Committee of the Cochin Central Excise Zone, a query was raised:</font></p>
<p align="justify"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">Notification 13/2016 dated 1.03.2016 supersedes Notification 12/2014 which prescribed different rates of interest from 18% - 30 % from 1.10.2014. The Notification prescribes two different rates of 24% and 15% as the case may be. But the supersession is subject to the condition <em>"except as respects things done or omitted to be done before such supersession"</em>. </font></p>
<p align="justify"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">Please clarify whether the above expression would cover: </font></p>
<blockquote>
<p align="justify"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">1. Show Cause Notice issued but not adjudicated. </font></p>
<p align="justify"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">2. Show Cause adjudicated but pending filing of appeal </font></p>
<p align="justify"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">3. Investigation started/Audit completed but no show cause issued. </font></p>
</blockquote>
<p align="justify"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">In case no Departmental Investigation /Enquiry/Audit initiated whether the assessee can adopt 15% interest for the past period also. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">On this query, the Commissioner Trivandrum explained to the members that the phrase <em>"Except as respects things done or omitted to be done before such supersession"</em> suggests that there is an existing order and this order is superseded or replaced by new order to such an extent that where the replacing or new order is silent, the prevalent rules and process are to be followed.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">It was clarified that in all the situation/cases mentioned in the query, the interest rate applicable would be the rates notified as per the Notifications which were in force during the respective periods. The new Interest rate as specified in NotfnNo.13/2016 takes effect only with effect from the date the Finance Bill, 2016 receives the assent of the President of India and the changes has only prospective effect.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">A Member requested the chair to clarify as to why such an expression is given in the Notification, for which, the Chief Commissioner explained that it is a legal requirement for the transition and has only the meaning as explained by the Commissioner. The Commissioner, Trivandrum added that same wording can be seen in the earlier Notifications also.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">QED!</font></p>
<p align="center"><font color="#006600" size="3" face="Georgia, Times New Roman, Times, serif"><strong><em><a name="f4"></a>Increase in Tariff Values of Gold and Silver</em></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>GOVERNMENT</STRONG> has increased the tariff values of gold and silver. The Tariff values of other items are also changed.</font></p>
<div align="justify">
<table width="90%" border="1" align="center" cellpadding="3" cellspacing="0">
<tr>
<td valign="top" colspan="5"><div align="center"><strong><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Table 1 </font></strong></div></td>
</tr>
<tr bgcolor="#D3E9BE">
<td valign="top"><strong><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">S. No. </font></strong></td>
<td width="23%" valign="top"><strong><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Chapter/ heading/ sub-heading/tariff item </font></strong></td>
<td width="31%" valign="top"><strong><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Description of goods </font></strong></td>
<td width="18%" valign="top"><strong><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff value USD (Per Metric Tonne) as on 15.06.2016 </font></strong></td>
<td valign="top"><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff value USD (Per Metric Tonne) from 30.06.2016 </font></strong></td>
</tr>
<tr bgcolor="#B9FCFF">
<td valign="top"><div align="center"><font color="#0000FF"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(1) </font></strong></font></div></td>
<td width="23%" valign="top"><div align="center"><font color="#0000FF"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(2) </font></strong></font></div></td>
<td width="31%" valign="top"><div align="center"><font color="#0000FF"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(3) </font></strong></font></div></td>
<td width="18%" valign="top"><div align="center"><font color="#0000FF"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(5) </font></strong></font></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>
</tr>
<tr bgcolor="#B9FCFF">
<td valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1 </font></td>
<td width="23%" valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 10 00 </font></td>
<td width="31%" valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Crude Palm Oil </font></td>
<td width="18%" valign="bottom"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">710 </font></td>
<td valign="bottom"><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">676 </font></strong></td>
</tr>
<tr bgcolor="#B9FCFF">
<td valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">2 </font></td>
<td width="23%" valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 90 10 </font></td>
<td width="31%" valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">RBD Palm Oil </font></td>
<td width="18%" valign="bottom"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">716 </font></td>
<td valign="bottom"><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">700 </font></strong></td>
</tr>
<tr bgcolor="#B9FCFF">
<td valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">3 </font></td>
<td width="23%" valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 90 90 </font></td>
<td width="31%" valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Others - Palm Oil </font></td>
<td width="18%" valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">713 </font></td>
<td valign="top"><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">688 </font></strong></td>
</tr>
<tr bgcolor="#B9FCFF">
<td valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">4 </font></td>
<td width="23%" valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 10 00 </font></td>
<td width="31%" valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Crude Palmolein </font></td>
<td width="18%" valign="bottom"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">724 </font></td>
<td valign="bottom"><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">725 </font></strong></td>
</tr>
<tr bgcolor="#B9FCFF">
<td valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">5 </font></td>
<td width="23%" valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 90 20 </font></td>
<td width="31%" valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">RBD Palmolein </font></td>
<td width="18%" valign="bottom"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">727 </font></td>
<td valign="bottom"><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">728 </font></strong></td>
</tr>
<tr bgcolor="#B9FCFF">
<td valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">6 </font></td>
<td width="23%" valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 90 90 </font></td>
<td width="31%" valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Others - Palmolein </font></td>
<td width="18%" valign="bottom"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">726 </font></td>
<td valign="bottom"><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">727 </font></strong></td>
</tr>
<tr bgcolor="#B9FCFF">
<td valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">7 </font></td>
<td width="23%" valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1507 10 00 </font></td>
<td width="31%" valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Crude Soyabean Oil </font></td>
<td width="18%" valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">800 </font></td>
<td valign="top"><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">765 </font></strong></td>
</tr>
<tr bgcolor="#B9FCFF">
<td valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">8 </font></td>
<td width="23%" valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">7404 00 22 </font></td>
<td width="31%" valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Brass Scrap (all grades) </font></td>
<td width="18%" valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">2933 </font></td>
<td valign="top"><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">2903 </font></strong></td>
</tr>
<tr bgcolor="#B9FCFF">
<td valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">9 </font></td>
<td width="23%" valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1207 91 00 </font></td>
<td width="31%" valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Poppy seeds </font></td>
<td width="18%" valign="bottom"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">2533 </font></td>
<td valign="bottom"><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">2533 </font></strong></td>
</tr>
<tr>
<td valign="top" colspan="5"><div align="center"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Table 2 </strong></font></div></td>
</tr>
<tr bgcolor="#D3E9BE">
<td valign="top"><strong><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">S. No. </font></strong></td>
<td width="23%" valign="top"><strong><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Chapter/ heading/ sub-heading/tariff item </font></strong></td>
<td width="31%" valign="top"><strong><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Description of goods </font></strong></td>
<td width="18%" valign="top"><strong><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff value USD from 15.06.2016 </font></strong></td>
<td valign="top"><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff value USD from 30.06.2016 </font></strong></td>
</tr>
<tr bgcolor="#D3E9BE">
<td valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1 </font></td>
<td width="23%" valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">71 or 98 </font></td>
<td width="31%" 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 width="18%" valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">418 per 10 grams </font></td>
<td valign="top"><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">430 per 10 grams </font></strong></td>
</tr>
<tr bgcolor="#D3E9BE">
<td valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">2 </font></td>
<td width="23%" valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">71 or 98 </font></td>
<td width="31%" 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 width="18%" valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">562 per kilogram </font></td>
<td valign="top"><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">594 per kilogram </font></strong></td>
</tr>
<tr>
<td valign="top" colspan="5"><div align="center"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Table 3 </strong></font></div></td>
</tr>
<tr bgcolor="#FCB970">
<td valign="top"><strong><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">S. No. </font></strong></td>
<td width="23%" valign="top"><strong><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Chapter/ heading/ sub-heading/tariff item </font></strong></td>
<td width="31%" valign="top"><strong><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Description of goods </font></strong></td>
<td width="18%" valign="top"><strong><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff value USD (Per Metric Tons) from 15.06.2016 </font></strong></td>
<td valign="top"><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff value USD (Per Metric Tons) from 30.06.2016 </font></strong></td>
</tr>
<tr bgcolor="#FCB970">
<td valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1 </font></td>
<td width="23%" valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">080280 </font></td>
<td width="31%" valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Arecanuts </font></td>
<td width="18%" valign="top"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">2630 </font></td>
<td valign="top"><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">2630 </font></strong></td>
</tr>
</table>
</div>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MjAxMzU=" target="_blank">Notification No. 92/2016-CUSTOMS (N.T.)., Dated: June 30, 2016</a></strong></font></p>
<p align="justify"><font color="#FF6666" size="2" face="Verdana, Arial, Helvetica, sans-serif">Until Monday 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 Weekend.</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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