TIOL-DDT 2897 · the untouched capture
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<p><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><strong><font color="#663399" size="3">TIOL-DDT 2897</font><br>
27 07 2016 <br>
Wednesday </strong></font></p>
<p align="center"><font size="3" face="Georgia, Times New Roman, Times, serif"><strong><em><font color="#006600">Customs - Assessment of Bulk Liquid Cargo Imports </font></em></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>CBEC </strong>has decided that in case of all bulk liquid cargo imports, whether for home consumption or for warehousing, the shore tank receipt quantity i.e., dip measurement in tanks on shore into which such cargo is pumped from the tanker, should be taken as the basis for levy of Customs Duty irrespective of whether Customs Duty is leviable at a specific rate or <em>ad-valorem</em> basis [including cases where tariff value is fixed under Section 14(2) of the Customs Act, 1962]. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Board also clarifies that where bulk liquid cargo is cleared directly on payment of duty without being pumped in a shore tank, assessment may continue to be done as per ship's ullage survey report at the port of discharge.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Board has rescinded the Circular No. <a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=25&filename=notification/custom/2002/cuscir96.htm" target="_blank"><strong>96/2002-Customs</strong> </a> dated 27.12.2002 & Circular No. <a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=25&filename=notification/custom/2006/cuscir06_06.htm" target="_blank"><strong>06/2006 </strong></a>dated 12.01.2006. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">In the <em>Mangalore Refinery and Petrochemicals Limited</em> <a href="http://www.taxindiaonline.com/RC2/caseLawDet.php?QoPmnXyZ=MTA2MjY4" target="_blank"><strong>2015-TIOL-199-SC-CUS</strong></a><strong>.</strong> case, the Supreme Court had held,<em> the quantity of crude oil actually received into a shore tank in a port in India should be the basis for payment of customs duty</em>. This judgement was delivered on 02.09.2015 and now the Board seems to have officially accepted the verdict. </font></p>
<p align="justify"><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MjAyMzg=" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">CBEC Circular No. 34/2016-CUSTOMS., Dated July 26, 2016 </font></strong></a></p>
<p align="center"><font size="3" face="Georgia, Times New Roman, Times, serif"><strong><em><font color="#006600"><a name="f1"></a>Wooing Gold Trade - Massive Simplification of Excise Duty on Articles of Jewellery </font></em></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>IN </strong>this year's Budget, central excise duty of 1% without credit or 12.5% with credit was imposed on articles of jewellery falling under heading 7113 of the First Schedule to the Central Excise Tariff 1985. Subsequent to that, the Government had set up a Sub-Committee of the High Level Committee, headed by Dr. Ashok Lahiri to interact with Trade & Industry on issues relating to procedure and compliance relating to excise duty of articles of jewellery. The Sub-Committee has given its report on 23.06.2016, which has been accepted by the Government. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The time limit for taking central excise registration of an establishment by a jeweller was extended up to 31.07.2016. Further, it was provided that though, the liability for payment of central excise duty will be with effect from 1st March, 2016, the assessee jewellers may make the payment of excise duty for the months of March, 2016; April, 2016 and May, 2016 along with the payment of excise duty for the month of June, 2016 upto an extended date of 31.07.2016. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Now, in its effort to woo the jewellers and simplify the procedures for them, the Government has issued notifications and circulars yesterday. The jewellers must appoint highly qualified consultants to read, understand and then explain the simplified law to them. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Also please see <a href="http://www.taxindiaonline.com/RC2/inside2.php3?filename=bnews_detail.php3&newsid=27430" target="_blank"><strong>DDT 2881 </strong></a><strong>, <a href="http://www.taxindiaonline.com/RC2/inside2.php3?filename=bnews_detail.php3&newsid=27525" target="_blank">DDT 2888 </a>& <a href="http://www.taxindiaonline.com/RC2/inside2.php3?filename=bnews_detail.php3&newsid=27515" target="_blank">Levy of Excise Duty on Jewellery: SSI eligibility limit hiked to Rs 15 Crore; No excise audit for two years; Optional scheme to be introduced for smaller units </a></strong></font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The massive literature issued by the Board has been summarised and tabulated as: </font></p>
<p align="center"><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">NOTIFICATIONS </font></strong></p>
<table width="90%" border="1" align="center" cellpadding="3" cellspacing="0">
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<td valign="top"><div align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Notification No. </font></strong></div></td>
<td valign="top"><div align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Gist of notifications </font></strong></div></td>
</tr>
<tr>
<td valign="top"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MjAyNDM=" target="_blank">26/2016 - Central Excise </a></font></strong></td>
<td valign="top"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Amends notification No. 12/2012-Central Excise so as to prescribe 1% excise duty (without input and capital goods credit) on parts of articles of jewellery falling under heading 7113 of the Central Excise Tariff, and to prescribe a criteria for classification of an articles of jewellery or part of articles of jewellery or both as that of a particular precious metal. </font></td>
</tr>
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<td valign="top"><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MjAyNDQ=" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">27/2016 - Central Excise </font></strong></a></td>
<td valign="top"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Partially exempts Central Excise duty on articles of jewellery falling under heading 7113 of the Central Excise Tariff Act, 1985 (5 of 1986) manufactured by: </font><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(a) re-conversion of jewellery given by the retail customer, or </font><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(b) mounting of precious stone given by the retail customer. </font></td>
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<td valign="top"><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MjAyNDU=" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">28/2016 - Central Excise </font></strong></a></td>
<td valign="top"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Amends notification No. 8/2003-Central Excise dated 1st March, 2003, so as to increase </font><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(a) the SSI Exemption limit from Rs. 6 crore to Rs. 10 crore; and </font><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(b) the SSI Eligibility limit from Rs. 12 crore to Rs. 15 crore. </font></td>
</tr>
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<td valign="top"><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MjAyNDY=" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">29/2016 - Central Excise </font></strong></a></td>
<td valign="top"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Amends notification No. 17/2011-Central Excise, dated the 1st March, 2011, so as to exclude handicrafts falling under heading 7113 of the Central Excise Tariff, from the purview of excise duty exemption for “handicrafts”. </font></td>
</tr>
<tr>
<td valign="top"><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MjAyNTM=" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">33/2016 - Central Excise (N.T.) </font></strong></a></td>
<td valign="top"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Notifies the first sale value, that is the value at which such articles of jewellery or parts of articles of jewellery or both, are sold for the first time, as the tariff value; </font></td>
</tr>
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<td valign="top"><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MjAyNTQ=" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">34/2016 - Central Excise (N.T.) </font></strong></a></td>
<td valign="top"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Notifies the Articles of Jewellery (Collection of Duty) Rules, 2016. These rules, provide manner of payment of Central Excise duty on articles of jewellery or parts of articles of jewellery or both, including an optional scheme for payment of such Excise duty. </font></td>
</tr>
<tr>
<td valign="top"><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MjAyNTU=" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">35/2016 - Central Excise (N.T.) </font></strong></a></td>
<td valign="top"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Seeks to amend the Central Excise Rules, 2002 in relation to articles of jewellery or parts of articles of jewellery or both, so as to: </font><font size="2" face="Verdana, Arial, Helvetica, sans-serif">i. provide that the quarterly return (ER.8) will also apply to the manufacturers or principal manufacturers of parts of articles of jewellery, falling under heading 7113; </font><font size="2" face="Verdana, Arial, Helvetica, sans-serif">ii. prescribe that the date of submission of quarterly return, for manufacturers or principal manufacturers of articles of jewellery or parts of articles of jewellery or both, falling under heading 7113, for quarter ending on 31st March, 2016, and quarter ending on 30th June, 2016, shall be the 10th August, 2016; and </font><font size="2" face="Verdana, Arial, Helvetica, sans-serif">iii. as separate rules are being prescribed for articles of jewellery or parts of articles of jewellery or both falling under heading 7113 of the said Schedule to the said Tariff Act, applicability of Rule 12AA is being restricted to articles of precious metals falling under heading 7114. </font></td>
</tr>
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<td valign="top"><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MjAyNTY=" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">36/2016 - Central Excise (N.T.) </font></strong></a></td>
<td valign="top"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Amends the CENVAT Credit Rules, 2004 in relation to articles of jewellery or parts of articles of jewellery or both, so as to include a principal manufacturer of articles of jewellery or parts of articles of jewellery or both as manufacturer for the purposes of the CENVAT Credit Rules, 2004. </font></td>
</tr>
<tr>
<td valign="top"><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MjAyNTc=" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">37/2016 - Central Excise (N.T.) </font></strong></a></td>
<td valign="top"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Provides a modified format for quarterly return, ER-8, for return of excisable goods cleared at the Central Excise duty rate of 1% [including articles of jewellery or parts of articles of jewellery or both, falling under heading 7113] or 2%. </font></td>
</tr>
<tr>
<td valign="top"><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MjAyNTg=" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">38/2016 - Central Excise (N.T.) </font></strong></a></td>
<td valign="top"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Amends notification No. 35/2001-Central Excise (N.T.) so as to: </font><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(i) provide that a person engaged in the manufacture of articles of jewellery or parts of articles of jewellery or both, may get himself registered by 31st day of July, 2016; </font><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(ii) exempt a person engaged in the manufacture of articles of jewellery or parts of articles of jewellery or both, from the requirement to submit plan of the factory premises under simplified registration procedure. </font></td>
</tr>
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<td valign="top"><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MjAyNTk=" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">39/2016 - Central Excise (N.T.) </font></strong></a></td>
<td valign="top"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Amends notification No. 17/2006-Central Excise (N.T) dated the 1st August, 2006 so as to exempt a manufacturer or principal manufacturer of articles of jewellery or parts of articles of jewellery or both, from filing of annual return. </font></td>
</tr>
<tr>
<td valign="top"><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MjAyNjA=" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">40/2016 - Central Excise (N.T.) </font></strong></a></td>
<td valign="top"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Amends notification No. 36/2001-Central Excise (N.T.) dated 26th June, 2001, so as to exempt a manufacturer or principal manufacturer of articles of jewellery or parts of articles of jewellery or both, from taking central excise registration upto the full exemption limit. </font></td>
</tr>
</table>
<p align="center"><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">CIRCULARS </font></strong></p>
<table width="90%" border="1" align="center" cellpadding="3" cellspacing="0">
<tr>
<td valign="top"><div align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Circular No. </font></strong></div></td>
<td valign="top"><div align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Gist of circulars </font></strong></div></td>
</tr>
<tr>
<td valign="top"><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MjAyNDc=" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1040/28/2016 - CX </font></strong></a></td>
<td valign="top"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Clarification on computation of exemption and eligibility and exemption limits and other related issues for small scale industries. </font></td>
</tr>
<tr>
<td valign="top"><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MjAyNDg=" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1041/29/2016 - CX </font></strong></a></td>
<td valign="top"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Guidelines for Excise Audit of Manufacturers / Principal Manufacturers of articles of jewellery or parts of articles of jewellery </font></td>
</tr>
<tr>
<td valign="top"><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MjAyNDk=" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1042/30/2016 - CX </font></strong></a></td>
<td valign="top"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Export related procedural simplifications - excise duty on articles of jewellery falling under heading 7113.</font></td>
</tr>
<tr>
<td valign="top"><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MjAyNTA=" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1043/31/2016 - CX </font></strong></a></td>
<td valign="top"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">General procedures regarding excise duty on articles of jewellery or parts of articles of jewellery or both falling under heading 7113. </font></td>
</tr>
<tr>
<td valign="top"><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MjAyNTE=" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1044/32/2016 - CX </font></strong></a></td>
<td valign="top"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Guidelines for issue of summons, visits, search, seizure, arrest and prosecution regarding manufacturers or principal manufacturers of articles of jewellery or parts of articles of jewellery or both. </font></td>
</tr>
<tr>
<td valign="top"><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MjAyNTI=" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1045/33/2016 - CX </font></strong></a></td>
<td valign="top"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Taxability of stock on February 29, 2016 - Excise duty imposition on articles of jewellery in the Budget 2016-17. </font></td>
</tr>
</table>
<p><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MjAyNjE=" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">CBEC TRU D.O.F.No. 354/25/2016 - TRU (Pt.-I)., Dated July 26, 2016 </font></strong></a></p>
<p align="center"><font size="3" face="Georgia, Times New Roman, Times, serif"><em><font color="#006600"><strong><a name="f2"></a>Scrumptious Circulars! </strong></font></em></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>IT</strong> is also interesting to note that the Board in the Circulars issued yesterday, while throwing light on the complex notifications issued to make life simple for the jewellers, has employed a rather unusual and unintended word in the following sentence appearing in the Circulars <a href="MpoQSrPnM=MjAyNDc=" target="_blank">1040/28/2016-CX</a>, <a href="MpoQSrPnM=MjAyNDg=" target="_blank">1041/29/2016-CX</a> & <a href="MpoQSrPnM=MjAyNTE=" target="_blank">1044/32/2016-CX</a> respectively. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The sentence goes thus - </font></p>
<p align="justify"><em><font color="#990000" size="2" face="Verdana, Arial, Helvetica, sans-serif">Accordingly, notwithstanding anything to the contrary provided in any other circular/instructions, the following guidelines for such actions in respect of manufacturers/principal manufacturers of articles of jewellery may be followed <strong><font color="#FF0000">scrumptiously</font></strong>,-</font></em></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Perhaps what the Board meant was ‘scrupulously'. But then, I may be wrong since the dictionary describes the word ‘scrumptiously' as <font color="#666666">very pleasing, especially to the senses; delectable; splendid</font>: and this is precisely what the Board wants the notifications to mean to the jewellery sector - appealing, that is! </font></p>
<p align="center"><font size="3" face="Georgia, Times New Roman, Times, serif"><strong><em><font color="#006600"><a name="f3"></a>FTP - Minimum Export Price of Potatoes </font></em></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>GOVERNMENT</strong> has fixed USD 360 per MT as Minimum Export Price (MEP) for export of potatoes. </font></p>
<p align="justify"><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MjAyNDI=" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">DGFT Notification No. 15/2015-2020., Dated July 26, 2016 </font></strong></a></p>
<p align="center"><font face="Georgia, Times New Roman, Times, serif"><strong><em><font color="#006600" size="3"><a name="f4"></a>No Export Duty on Organic Sugar </font></em></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>GOVERNMENT </strong> has fixed nil rate of duty for Organic sugar upto 10,000 MT in a year beginning with October and ending with September subject to the following conditions: </font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(i) The export of organic sugar is done in terms of the Public Notice No.73 (RE-2013)/2009-2014 dated 18th November, 2014 and No.10/2015-2020 dated 5th May, 2015 of the DGFT; and </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(ii) The exporter produces a Registration-cum-Allocation Certificate (RCAC) issued by the Agricultural and Processed Food Products Export Development Authority (APEDA) certifying the quantity of export of organic sugar eligible to be exported by claiming exemption from export duty: </font></p>
</blockquote>
<p><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MjAyNDA=" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Notification No. 43/2016-Customs., Dated: July 26, 2016 </font></strong></a></p>
<p align="center"><font size="3" face="Georgia, Times New Roman, Times, serif"><strong><em><font color="#006600"><a name="f5"></a>Anti Dumping Duty on Rubber Chemicals - Extended </font></em></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>GOVERNMENT</strong> has extended the anti dumping duty on certain Rubber Chemicals originating in, or exported from, European Union and People's Republic of China, imposed vide Notification No.67/2011-Customs, dated the 28th July, 2011. The Notification was to expire today. It is extended till 27.07.2017. </font></p>
<p align="justify"><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MjAyNDE=" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Notification No. 35/2016-Customs (ADD)., Dated: July 26, 2016 </font></strong></a></p>
<p align="center"><font size="3" face="Georgia, Times New Roman, Times, serif"><strong><em><font color="#006600"><a name="f6"></a>Govt Notifies Pay Revision for Babus </font></em></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE</strong> much hyped 7th Pay Commission recommendations are finally to be implemented. Government has published its resolution and the Revised Pay Rules. Babus are to get about 14% increase in their basic pay for now. Government is yet to decide on allowances. This is going to cost the Government one lakh crores, but the employees don't seem to be happy with this paltry hike after ten years. </font></p>
<p align="center"><font size="3" face="Georgia, Times New Roman, Times, serif"><strong><em><font color="#006600"><a name="f7"></a>GST - States Oppose Dual Control </font></em></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE</strong> Union Finance Minister Jaitley had a meeting yesterday with the Finance Ministers of the States. Majority of the States opposed the Dual Control in GST administration. Of course as we reported, the North Block bureaucrats themselves are not clear on this. </font></p>
<p align="justify"><strong><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif" style="background-color:#D1D1E7" span="span">Taxes, like water, have a tendency to find the lowest level. Taxes, therefore, ultimately affect the common man. </font></strong></p>
<p align="justify"><font color="#FF6666" size="2" face="Verdana, Arial, Helvetica, sans-serif">Until Tomorrow with more<strong> DDT</strong></font></p>
<p align="justify"><strong><font color="#FF6666" size="2" face="Verdana, Arial, Helvetica, sans-serif">Have a nice day.</font></strong></p>
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