TIOL-DDT 2942 · the untouched capture
Rendered as it looked. Links and images are disabled in this view; the file itself is untouched.
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN"
"http://www.w3.org/TR/html4/loose.dtd">
<html>
<head>
<title>Untitled Document</title>
<meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1">
</head>
<body>
<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 2942</font><br>
03 10 2016<br>
Monday</strong></font></p>
<p align="center"><font size="3" face="Georgia, Times New Roman, Times, serif"><strong><em><font color="#006600">Arresting Guidelines in Service Tax</font></em></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>PERHAPS</STRONG>, after the tumult caused by the momentary setback [Please see <a href="http://www.taxindiaonline.com/RC2/inside2.php3?filename=bnews_detail.php3&newsid=28227" target="_blank"><strong>DDT 2939</strong> </a>and <a href="http://www.taxindiaonline.com/RC2/NewsDesc.php?MpoQSrPnM=MjgwMDQ=" target="_blank"><strong>DDT 2922</strong></a>] in the cases of <em>Make My Trip.com</em> - <a href="http://www.taxindiaonline.com/RC2/caseLawDet.php?QoPmnXyZ=MTE3Nzk3" target="_blank"><strong>2016-TIOL-1957-HC-DEL-ST</strong> </a>and <em>Ebiz Com</em> - <strong><a href="http://www.taxindiaonline.com/RC2/caseLawDet.php?QoPmnXyZ=MTE3Nzk4" target="_blank">2016-TIOL-1958-HC-DEL-ST</a></strong>, the Board felt it prudent to once again advise its officers about the arrest provisions and so have come out with a fresh Circular.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The CBEC refers to the amendments made to sections 89, 90 and 91 of the Finance Act, 1994 by the Finance Act, 2016 (w.e.f 14.05.2016) and informs that as a consequence of these amendments, the power of arrest in Service Tax is available only if a person collects any amount as service tax but fails to pay the amount so collected to the credit of the Central Government beyond the period of six months from the date on which such payment becomes due and the amount exceeds rupees two crores.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The Board reiterates from its earlier Circular <a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=40&filename=notification/servicetax/2013/sercir171.htm" target="_blank"><strong>171/6/2013-ST</strong> </a>dated 17.09.2013 the conditions precedent, both legal and factual, while carrying out arrests and also informs that -<font color="#FF0000"><em> If the alleged offender is assisting in the investigation and has deposited at least half of the evaded tax, then the need to arrest may not arise.</em></font></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Central Excise Circulars <a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MTYwNjk=" target="_blank"><strong>No. 974/08/2013-CX</strong> </a> dated 17.09.2013 and <a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MTg2ODQ=" target="_blank"><strong>1009/16/2015-CX</strong> </a> dated 23.10.2015 stand amended accordingly. The Circular <a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MTg2ODM=" target="_blank"><strong>No. 1010/17/2015-CX</strong> </a> dated 23.10.2015 is rescinded.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The Board emphasises - </font><font size="2" face="Verdana, Arial, Helvetica, sans-serif" style="background-color:#FFFF00" span="span">It is again reiterated that arrest and prosecution should not be resorted to in cases of technical nature i.e. where the additional demand of duty/tax is based totally on a difference of opinion regarding interpretation of law.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">With GST round the corner, it is time to set things right.</font></p>
<p align="justify"><a href="http://www.taxindiaonline.com/RC2/inside2.php3?filename=wnew/sercir.htm" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Circular 201/11/2016-Service Tax dated September 30, 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>Section 11C notification saves the day for schools & children</font></em></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE</STRONG> Entry no. 9 of the Mega Exemption Notification <a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=40&filename=notification/servicetax/2012/stnot12_025.htm" target="_blank"><strong>25/2012-ST</strong> </a> read -</font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><em>9. Services <font color="#FF0000"><strong>provided to </strong></font></em></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif" style="background-color:#FFFF00" span="span"><em><font color="#FF0000"><strong>or by</strong></font></em></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><em> an educational institution in respect of education exempted from service tax, by way of,-</em></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><em>(a) auxiliary educational services; or</em></font></p>
<p align="justify"><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(b) renting of immovable property;</font></em></p>
</blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The words <em>"or by"</em> went for a toss by the amending notification <a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=40&filename=notification/servicetax/2013/stnot13_003.htm" target="_blank"><strong>3/2013-ST</strong> </a>dated 01 March 2013 w.e.f 01.04.2013.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The JS TRU letter dated 28/02/2013 explained -</font></p>
<div align="justify">
<table width="90%" border="1" align="center" cellpadding="3" cellspacing="0">
<tr>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>B. Exemptions </strong></font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">4. The following changes are being made <u><strong>w.e.f April 1, 2013</strong></u> in the exemption notification number 25/2012-ST dated June 20, 2012: </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(i) Exemption by way of auxiliary educational services and renting of immovable property <font color="#FF0000"><strong>by</strong></font> (and not to) specified educational institutes under S. No 9 <font color="#FF0000"><strong>will not be available</strong></font>; </font></p></td>
</tr>
</table>
</div>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">In the context of the Notification 25/2012-ST, the Board had come out with a Circular <a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=40&filename=notification/servicetax/2013/sercir172.htm" target="_blank"><strong>No.172/7/2013-ST, Dated: September 19, 2013</strong> </a>to assuage the apprehensions expressed by certain educational institutions and organisations in the matter of imposition of service tax on services provided to schools. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">DDT had vividly covered this issue in its edition <a href="http://www.taxindiaonline.com/RC2/inside2.php3?filename=bnews_detail.php3&newsid=18657" target="_blank"><strong>2194</strong> </a>dated 20 September 2013 and also remarked -</font></p>
<table width="90%" border="1" align="center" cellpadding="3" cellspacing="0">
<tr>
<td valign="top"><p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Services provided to the schools are exempted, but the moot question is <font color="#FF0000"><strong>are the services provided by the schools exempted</strong></font>? If the school provides bus transport or canteen or hostel, are they liable to pay? Does this mean that if a school hires a bus, there is no tax, but if the school owns the bus, there is tax liability? </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">This is exactly the point on which the Schools wanted clarification from the Board and the Board has conveniently ignored that question. </font></p></td>
</tr>
</table>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">And then came the notification <a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=40&filename=notification/servicetax/2014/stnot14_006.htm" target="_blank"><strong>6/2014-ST</strong> </a>dated 11 July 2014 which substituted Entry no. 9 to read - </font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><em>9. Services provided,- </em></font></p>
<blockquote>
<p align="justify"><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(a) <font color="#FF0000">by an</font> educational institution to its students, faculty and staff; </font></em></p>
<p align="justify"><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(b) to an educational institution, by way of,- </font></em></p>
<blockquote>
<p align="justify"><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(i) transportation of students, faculty and staff; </font></em></p>
<p align="justify"><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(ii) catering, including any mid-day meals scheme sponsored by the Government; </font></em></p>
<p align="justify"><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(iii) security or cleaning or house-keeping services performed in such educational institution; </font></em></p>
<p align="justify"><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(iv) services relating to admission to, or conduct of examination by, such institution;" </font></em></p>
</blockquote>
</blockquote>
</blockquote>
<p align="justify"><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif">So, in a way the position prevailing prior to 01.04.2013 was restored.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">However, the interregnum period lay unattended and resulted in SCNs and recoveries by the dozen. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">We had covered this issue exhaustively in <a href="http://www.taxindiaonline.com/RC2/inside2.php3?filename=bnews_detail.php3&newsid=27859" target="_blank"><strong>DDT 2911</strong> </a>and awaited the section 11C notification which was in the pipeline. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The Board has now issued the notification exempting the services of transportation, by educational institutions <strong>to </strong>students, faculty and staff of such institutions from the leviablity of Service Tax for the period commencing on and from the first day of April, 2013 and ending with the tenth day of July, 2014. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Was all this not avoidable? </font></p>
<p align="justify"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/inside2.php3?filename=wnew/stnot.htm" target="_blank">Notification 45/2016-ST dated September 30, 2016</a></font></strong></p>
<p align="center"><font size="3" face="Georgia, Times New Roman, Times, serif"><em><strong><font color="#006600"><a name="f2"></a>Education is a costly affair, after all! </font></strong></em></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">In the matter of the section 11C notification <a href="http://www.taxindiaonline.com/RC2/inside2.php3?filename=wnew/stnot.htm" target="_blank"><strong>45/2016-ST</strong> </a>issued, P.G.James whose article <a href="http://www.taxindiaonline.com/RC2/inside2.php3?filename=bnews_detail.php3&newsid=27858" target="_blank"><strong>Hanging Sword of Service Tax on Schools and Educational institutions</strong> </a>we carried on August 17, 2016, dropped us this mail -</font></p>
<table width="90%" border="1" align="center" cellpadding="3" cellspacing="0">
<tr>
<td><p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Kudos to TIOL for escalating the issue on the unfair demand of Service Tax on the fees collected by schools towards transportation of students which now got settled with the issuance of Notn No 45/2016-ST exempting the levy for the interim period. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Based on my RTI application, total ST demanded and paid pan India was obtained. Total ST paid was Rs 73.83 lacs and 78 SCN's were issued involving demand of Rs 649.92 lacs. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Post the publication of <a href="http://www.taxindiaonline.com/RC2/inside2.php3?filename=bnews_detail.php3&newsid=27859" target="_blank"><strong>DDT-2911</strong></a>, another RTI query was raised to CBEC regarding the action plan to which it was replied that: </font></p>
<p align="justify"><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">"The file dealing with the relevant data has been submitted to the higher authorities for seeking an exemption under Sec 11C of Excise act for the services of transportation for the relevant period. data will be shared with you as soon as file reaches this office and the future action taken will be intimated."</font></em></p></td>
</tr>
</table>
<p align="justify"><em><font color="#990000" size="2" face="Verdana, Arial, Helvetica, sans-serif">The purpose of education is to replace an empty mind with an open one -</font></em><font size="2" face="Verdana, Arial, Helvetica, sans-serif"> <strong><em>Malcolm Stevenson Forbes</em></strong></font></p>
<p align="center"><font size="3"><em><strong><font color="#006600" face="Georgia, Times New Roman, Times, serif"><a name="f3"></a>Marginal dip in Tariff Value of Gold and Silver</font></strong></em></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>GOVERNMENT</strong> has marginally decreased the tariff value of gold, silver & Palm oils. There is an increase in the Tariff values of Palmolein, crude soyabean oil & Brass Scrap. The Tariff values of poppy seeds and arecanuts remain put.</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>
</tr>
<tr bgcolor="#D3E9BE">
<td valign="top"><p align="center"><font color="#0000FF"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">S. No. </font></strong></font></p></td>
<td valign="top"><p align="center"><font color="#0000FF"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Chapter/ heading/ sub-heading/tariff item </font></strong></font></p></td>
<td valign="top"><p align="center"><font color="#0000FF"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Description of goods </font></strong></font></p></td>
<td valign="top"><p align="center"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Tariff value USD (Per Metric Tonne) as on 15.09.2016 </strong></font></p></td>
<td valign="top"><p align="center"><font color="#FF0000"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff value USD (Per Metric Tonne) from 30.09.2016 </font></strong></font></p></td>
</tr>
<tr bgcolor="#B9FCFF">
<td valign="top"><p align="center"><font color="#0000FF"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(1) </font></strong></font></p></td>
<td valign="top"><p align="center"><font color="#0000FF"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(2) </font></strong></font></p></td>
<td valign="top"><p align="center"><font color="#0000FF"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(3) </font></strong></font></p></td>
<td valign="top"><p align="center"><font color="#0000FF"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(5) </font></strong></font></p></td>
<td valign="top"><p align="center"><font color="#FF0000"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(6) </font></strong></font></p></td>
</tr>
<tr bgcolor="#B9FCFF">
<td valign="top"><p><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1 </font></p></td>
<td valign="top"><p><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 10 00 </font></p></td>
<td valign="top"><p><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Crude Palm Oil </font></p></td>
<td valign="top"><p><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">766 </font></p></td>
<td valign="top"><p><font color="#FF0000"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">767 </font></strong></font></p></td>
</tr>
<tr bgcolor="#B9FCFF">
<td valign="top"><p><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">2 </font></p></td>
<td valign="top"><p><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 90 10 </font></p></td>
<td valign="top"><p><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">RBD Palm Oil </font></p></td>
<td valign="top"><p><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">780 </font></p></td>
<td valign="top"><p><font color="#FF0000"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">776 </font></strong></font></p></td>
</tr>
<tr bgcolor="#B9FCFF">
<td valign="top"><p><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">3 </font></p></td>
<td valign="top"><p><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 90 90 </font></p></td>
<td valign="top"><p><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Others - Palm Oil </font></p></td>
<td valign="top"><p><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">773 </font></p></td>
<td valign="top"><p><font color="#FF0000"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">772 </font></strong></font></p></td>
</tr>
<tr bgcolor="#B9FCFF">
<td valign="top"><p><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">4 </font></p></td>
<td valign="top"><p><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 10 00 </font></p></td>
<td valign="top"><p><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Crude Palmolein </font></p></td>
<td valign="top"><p><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">793 </font></p></td>
<td valign="top"><p><font color="#FF0000"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">811 </font></strong></font></p></td>
</tr>
<tr bgcolor="#B9FCFF">
<td valign="top"><p><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">5 </font></p></td>
<td valign="top"><p><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 90 20 </font></p></td>
<td valign="top"><p><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">RBD Palmolein </font></p></td>
<td valign="top"><p><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">796 </font></p></td>
<td valign="top"><p><font color="#FF0000"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">814 </font></strong></font></p></td>
</tr>
<tr bgcolor="#B9FCFF">
<td valign="top"><p><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">6 </font></p></td>
<td valign="top"><p><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 90 90 </font></p></td>
<td valign="top"><p><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Others - Palmolein </font></p></td>
<td valign="top"><p><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">795 </font></p></td>
<td valign="top"><p><font color="#FF0000"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">813 </font></strong></font></p></td>
</tr>
<tr bgcolor="#B9FCFF">
<td valign="top"><p><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">7 </font></p></td>
<td valign="top"><p><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1507 10 00 </font></p></td>
<td valign="top"><p><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Crude Soyabean Oil </font></p></td>
<td valign="top"><p><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">817 </font></p></td>
<td valign="top"><p><font color="#FF0000"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">827 </font></strong></font></p></td>
</tr>
<tr bgcolor="#B9FCFF">
<td width="53" valign="top"><p><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">8 </font></p></td>
<td valign="top"><p><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">7404 00 22 </font></p></td>
<td valign="top"><p><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Brass Scrap (all grades) </font></p></td>
<td valign="top"><p><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">3004 </font></p></td>
<td valign="top"><p><font color="#FF0000"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">3055 </font></strong></font></p></td>
</tr>
<tr bgcolor="#B9FCFF">
<td width="53" valign="top"><p><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">9 </font></p></td>
<td valign="top"><p><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1207 91 00 </font></p></td>
<td valign="top"><p><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Poppy seeds </font></p></td>
<td valign="top"><p><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">2533 </font></p></td>
<td valign="top"><p><font color="#FF0000"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2533 </font></strong></font></p></td>
</tr>
<tr>
<td valign="top" colspan="5"><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 valign="top"><p align="center"><font color="#0000FF"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">S. No. </font></strong></font></p></td>
<td valign="top"><p align="center"><font color="#0000FF"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Chapter/ heading/ sub-heading/tariff item </font></strong></font></p></td>
<td valign="top"><p align="center"><font color="#0000FF"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Description of goods </font></strong></font></p></td>
<td valign="top"><p align="center"><font color="#0000FF"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff value USD from 15.09.2016 </font></strong></font></p></td>
<td valign="top"><p align="center"><font color="#FF0000"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff value USD from 30.09.2016 </font></strong></font></p></td>
</tr>
<tr bgcolor="#D3E9BE">
<td valign="top"><p><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1 </font></p></td>
<td valign="top"><p><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">71 or 98 </font></p></td>
<td valign="top"><p><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 valign="top"><p><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">430 per 10 grams </font></p></td>
<td valign="top"><p><font color="#FF0000"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">428 per 10 grams </font></strong></font></p></td>
</tr>
<tr bgcolor="#D3E9BE">
<td valign="top"><p><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">2 </font></p></td>
<td valign="top"><p><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">71 or 98 </font></p></td>
<td valign="top"><p><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 valign="top"><p><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">620 per kilogram </font></p></td>
<td valign="top"><p><font color="#FF0000"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">619 per kilogram </font></strong></font></p></td>
</tr>
<tr>
<td valign="top" colspan="5"><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 valign="top"><p><font color="#0000FF"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">S. No. </font></strong></font></p></td>
<td valign="top"><p><font color="#0000FF"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Chapter/ heading/ sub-heading/tariff item </font></strong></font></p></td>
<td valign="top"><p><font color="#0000FF"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Description of goods </font></strong></font></p></td>
<td valign="top"><p><font color="#0000FF"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff value USD (Per Metric Tons) from 15.09.2016 </font></strong></font></p></td>
<td valign="top"><p><font color="#FF0000"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff value USD (Per Metric Tons) from 30.09.2016 </font></strong></font></p></td>
</tr>
<tr bgcolor="#FCB970">
<td valign="top"><p><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1 </font></p></td>
<td valign="top"><p><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">080280 </font></p></td>
<td valign="top"><p><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Arecanuts </font></p></td>
<td valign="top"><p><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">2623 </font></p></td>
<td valign="top"><p><font color="#FF0000"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2623 </font></strong></font></p></td>
</tr>
</table>
<p align="justify"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/inside2.php3?filename=wnew/cnt.htm" target="_blank">Notification No. 123/2016-CUSTOMS (N.T.)., Dated: September 30, 2016</a></font></strong></p>
<p align="center"><font size="3"><strong><em><font color="#006600" face="Georgia, Times New Roman, Times, serif"><a name="f4"></a>Implementation of Hazardous and Other Wastes Rules, 2016</font></em></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>MINISTRY</STRONG> of Environment, Forests and Climate Change (MoEF & CC) has decided that licenses of import of plastic and PET scrap issued under previous Hazardous Waste (Management, Handling and Trans boundary Movement) Rules, 2008 will be treated as legal documents. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">However, the import will be limited to the following four categories as on date of issue of their office memorandum: </font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(i) Those consignments which have arrived under the valid licenses on Indian ports. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(ii) Those consignments under valid licenses which are in transit from the country of origin. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(iii) The quantity of import for which Letter of Credit (LC) has already been opened by valid license. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(iv) The quantity of import for which advance has already been paid with documentary evidences. However, in this category the quantity permissible for import will not be the entire quantity for contract against which the advance is paid but the quantity would be limited to the value of advance paid. </font></p>
</blockquote>
<p align="justify"><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MjA2MDA=" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Instruction F.No.401/26/2014-Cus.-III(Pt.) dated September 30, 2016</font></strong></a></p>
<p align="center"><font size="3" face="Georgia, Times New Roman, Times, serif"><em><strong><font color="#006600"><a name="f5"></a>Get your latitude and longitude right! </font></strong></em></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><em>WE</em></strong><em> received this mail -</em></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The draft GST Registration Rules contains the following rule 17 which reads - </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>17. Physical verification of business premises in certain cases:</strong> Where the proper officer is <font color="#FF0000">satisfied</font> that the physical verification of the place of business of a taxable person is required after grant of registration, <font color="#FF0000">he may get such verification done</font> and upload the verification report along with other documents, <font color="#FF0000">including photographs</font>, in Form GST REG-26 on the day following the date of such verification. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><em>"Satisfying"</em> the proper officer has always been the bane in Central Excise & Service Tax matters. And, therefore, it is not a surprise to have it in GST too. But, being satisfied that physical verification of the place of business doesn't seem to be proper English. Perhaps, it should have been 'of the opinion'. But, our drafters were never too particular about English and do not wish to carry the Imperial baggage. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">That apart, the proper officer is required to get the 'verification done' by another officer under his command and this gentleman/gentle lady is required to submit and upload the verification report along with <em>"photograph"</em> on the day following the visit date. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The following particulars that are required to be filled in Form GST REG-26 [Form for Field Visit Report] make interesting reading.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Take a look -</font></p>
<table width="90%" border="1" align="center" cellpadding="3" cellspacing="0">
<tr>
<td valign="top"><p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>3. Location details</strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Latitude</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Longitude</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">North - Bounded By<br>
</font><font size="2" face="Verdana, Arial, Helvetica, sans-serif">South - Bounded By<br>
</font><font size="2" face="Verdana, Arial, Helvetica, sans-serif">West - Bounded By<br>
</font><font size="2" face="Verdana, Arial, Helvetica, sans-serif">East - Bounded By</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>7. Details of the premises</strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Open Space Area (in sq m.) - (approx.)<br>
</font><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Covered Space Area (in sq m.) - (approx.)</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Floor on which business premises located</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>9. Upload photograph of the place <font color="#FF0000">with the person</font> who is present at the place where site verification is conducted.</strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>10. Comments</strong> (not more than < 1000 characters></font></p></td>
</tr>
</table>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The officer concerned who is entrusted with this job has a difficult task on hand. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Wherefrom is he going to get the <em>"Latitude & Longitude"</em> and the other details from? Is he equipped with any equipment or for that matter any <em>"App"</em> on his smartphone (he certainly owns one!) that will enable him to find these co-ordinates? </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">As for <em>"open/covered space area (in sq. m.), this is a job best left to the Municipal authorities. </em></font></p>
<p align="justify"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">And, pray, what does the Government need these for? </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">By the way, Serial number 9 is the proudest of all. Photograph of the place <strong>with</strong> (not of) the person who is present at the place - Mind you, it is a single photograph and should be taken with the person who is present at the place, not the owner/proprietor/partner/Director etc., any person is enough! Will a selfie do? Or should the officer verifying the premises be also in the frame? </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Should the officer entrusted to verify the premises get a photographer along with him? Or will his prized smartphone suffice? What should be the pixel count? </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">If this is the way a solitary rule can be mauled and become the butt of jokes, God alone knows the fate of the other rules and sections. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">As for comments, sr. no. 10 (not more than 1000 characters) a twitter user would find this heavenly! </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">One thing is clear - all this GST mumbo jumbo is taking us all a few light years back. </font></p>
<p align="justify"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif"><em><strong>This too shall pass…</strong></em></font></p>
<p align="center"><font size="3" face="Georgia, Times New Roman, Times, serif"><em><strong><font color="#006600"><a name="f6"></a>IDS, 2016 - congratulations via Twitter</font></strong></em></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE </strong>Finance Minister, while addressing the media said that as many as 64275 declarations worth Rs 65250 Crore were made and the Exchequer is going to reap 45% of the same as tax. And that is a cool Rs.30,000 crores which would come into the central government kitty by September next year. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Congratulatory messages rained on twitter. Take a look -</font></p>
<p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><img src="http://www.taxindiaonline.com/RC2/image/stories/Twitter_IDS.jpg" alt="" width="557" height="554" hspace="5" border="0" align="center"></font></p>
<p align="center"><font size="3" face="Georgia, Times New Roman, Times, serif"><em><strong><font color="#006600"><a name="f7"></a>Where did the </font>(Black)<font color="#006600"> Money Come From?</font></strong></em></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>SEVERAL</STRONG> newspapers have reported that out of the 65,000 crore black money declared, 13,000 crore came from Hyderabad, 8000 crore each from Mumbai and Delhi. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">CBDT clarified again on twitter that <em>no official list of region wise declarations has been issued. Deptt is committed to maintain strict confidentiality</em> and <em>requested general public NOT to pay any heed to such fraudulent messages circulating on social media. </em></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Anyway 65000 crores of black money have become white and apart from a tax of 30,000 crore, about 35,000 crores will enter the productive sector and should perennially generate an annual tax of about 350 crores.</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>
</body>
</html>