TIOL-DDT 2950 · the untouched capture
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<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><strong><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 2950</font><br>
</strong></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>17 10 2016 <br>
</strong></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Monday</strong></font></p>
<p align="center"><font color="#006600" face="Georgia, Times New Roman, Times, serif"><em><font size="3"><strong>Customs Vacancies Galore in SEZs - Why are Officers not Posted? </strong></font></em></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>ACCORDING</strong> to a Commerce Ministry Letter, there are 159 posts of Deputy Commissioners of Customs lying vacant in several SEZs. The total vacancy position as on 1.6.2016 is like this: </font></p>
<div align="justify">
<table width="50%" border="1" align="center" cellpadding="5" cellspacing="0">
<tr>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Deputy Commissioner </font></p>
</td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Superintendent </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Appraiser </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Preventive Officer </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Examiner </font></p></td>
</tr>
<tr>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">159 </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">131 </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">251 </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">731 </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">40 </font></p></td>
</tr>
</table>
</div>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Recently the Additional Secretary in the Commerce Ministry discussed this issue with the Chairman, CBEC and followed it up with a letter stating that: </font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">+</font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"> There are 7 Central Government SEZs across the country. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">+ About 30% of the exports from India are through SEZs and therefore, SEZ have a very significant role in the export from the country. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">+ The role of Customs officers and staff in SEZs is critical to the import and export activities carried out in SEZs and enforcement of Customs Act in the SEZs. This has become more critical in view of the recent Gazette Notifications dated 5/8/2016 notifying the offences under the SEZ Act, 2005 and the investigating agencies/authorities competent to investigate into any offence under the SEZ Act, 2005. It is therefore very important that the vacant Customs posts in SEZs are filled up on a priority basis. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">+ There is an urgent need to post Deputy Commissioner (Customs) in Noida, SEEPZ, Cochin and Chennai SEZs which are quite sensitive and have higher volume of activities. </font></p>
</blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">He said he would be grateful, if the <strong><em>concerned </em></strong> Customs authorities are directed to initiate necessary action to fill up these vacancies immediately. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">This was followed up by a letter from the Commerce Secretary to the Revenue Secretary in which she stated: </font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">+ With about 30 per cent of the exports from India being through SEZs, it would not be appropriate to continue vacancies for a long period. Unfortunately, as the attached vacancies status of customs formations in SEZs indicate, we have a large number of vacancies many at very sensitive locations. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">+ This matter has been pursued on regular basis with the Central Board of Excise & Customs (CBEC). However, the pace of filling up of vacancies has been slow and this is a cause of concern. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">+</font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"> In terms of priority, it is requested that the posts of Deputy Commissioners of Customs in NOIDA SEZ,MEPZ Chennai, FALTASEZ in Kolkata and Cochin SEZ may be prioritised. These SEZs have high volume of activity and are sensitive for a number of reasons. </font></p>
</blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">To this, the CBEC reacted by calling upon the Chief Commissioners to send the names willing and eligible officers latest by 24th October - through proper channel of course. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">But why is the CBEC not able to fill these posts? Are there no takers? </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><a href="http://www.taxindiaonline.com/RC2/pdfdocs/noida-ez-dc-cs.pdf" target="_blank">CBEC F.No.A.35017/64/2016-Ad. II(Pt.)., Dated: October 14 2016 </a></strong></font></p>
<p align="center"><font color="#006600" face="Georgia, Times New Roman, Times, serif"><strong><font color="#006600"><strong><font size="3" face="Georgia, Times New Roman, Times, serif"><em><a name="f1"></a></em></font></strong></font><font size="3"><em>Rationalization of procedures in handling exporters obligations under EPCG authorizations - CBEC Instructions </em></font></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>AS</strong> a part of further rationalizing procedures and avoiding duplication of work based on feedback on outcomes of applying extant procedures, taking into account the conditions prescribed in the Foreign Trade Policy and Customs notifications, the Board reviewed certain aspects of the directions given to field formations in earlier Circulars. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">At present the correctness of the installation certificates issued by Chartered Engineers are to be verified on random basis in <strong>at least </strong> 5% cases through the Central Excise Division. The Board has decided that this verification be <strong>restricted </strong> to 5% cases. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">In the Circular of 2010 it was prescribed that first block EO (export obligation) should be verified in detail and if it has been found satisfactory then EODC issued at end of second block should be accepted without further verification. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Board has decided that Customs authorities need not replicate the verification of export obligation of the first block that is being conducted by Regional Authorities and that the EODCs received under EPCG Scheme in terms of FTP/HBP 2004-09, 2009-14 and 2015-20 be normally accepted without further verification, except in 5% cases where they be verified in detail before acceptance. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Board has directed Commissioners to ensure transparent random selection criteria and selection for 5% check being made at least at Joint/Additional Commissioner level and the relevant exporter being invariably informed, on the date of selection itself, via official email communication that its case is selected for detailed checks. Credibility and transparency may be brought into the Bond cancellation process which may be made speedier. The exporter should not be asked to routinely produce information that can be sourced from the Customs EDI system. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Board has requested the Chief Commissioners to monitor the functioning on a monthly basis and ensure effective implementation. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MjA2NjE=" target="_blank">CBEC Instruction in F.No.605/71/2015-DBK., Dated: October 14 2016 </a></strong></font></p>
<p align="center"><font color="#006600" face="Georgia, Times New Roman, Times, serif"><strong><font color="#006600"><strong><font size="3" face="Georgia, Times New Roman, Times, serif"><em><a name="f2" id="f2"></a></em></font></strong></font><font size="3"><em>GST - Assam Initiates GST Provisional Registration Number (GSTIN) </em></font></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>ASSAM</strong> seems to be leading, not alphabetically alone-it was the first State to ratify the GST Constitution Amendment Bill and now it has become the first State to take initiative in communicating PAN Based GST identification Number(GSTIN). </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">A Circular issued by the Commissioner of Taxes, Assam states, </font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">a) Goods & Services Tax (GST) will be rolled out from 1st April, 2017. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">b) Five Taxation Acts, namely: - VAT, CST, Entry Tax, Luxury Tax and Entertainment Tax, presently administered by the Commissionerate of Taxes, Assam will be subsumed under the GST Act. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">c) The tax payers registered under the above five Acts need to be migrated to GST and all the existing registered payers will be allotted PAN based Goods & Services Taxpayers Identification Number (GSTIN) on provisional basis. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">d) Under GST regime, registration will not be allowed without a valid PAN. </font></p>
</blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">ln order to facilitate communication of GST registration number to the existing registered entities, the following course of actions has been chalked out: </font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1. Provisional registration number under GST (GSTIN) is required to be communicated to the existing tax-payers through electronic means i.e. mobile phone and email ID only. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2. All the existing registered tax-payers under the five Acts are required to provide their mobile phone No. and email ID to the Commissionerate through system (TIMS). </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">3. The Mobile Phone Number & email lD must be furnished on or before 5th November, 2016. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">4. lf such mobile No. & emails lD are not furnished on or before 5th November,2016, GST registration number (GSTIN) will not be generated. Moreover, such dealers will be disabled to upload their tax returns and apply for statutory forms under the existing Acts. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">5. A template/Screen has been developed. A tax-payer has to follow the steps in sequence to furnish the details. </font></p>
</blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The Commissioner requests all concerned to follow the steps as advised for a hassle-free communication of GSTIN for eventual transition to GST. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MjA2NjM=" target="_blank">Commissioner of Taxes, Assam Circular No. 9/2016 in CT/COMP-52/2013/73., Dated October 13 2016</a></strong></font></p>
<p align="center"><font color="#006600" face="Georgia, Times New Roman, Times, serif"><strong><font color="#006600"><strong><font size="3" face="Georgia, Times New Roman, Times, serif"><em><a name="f3" id="f3"></a></em></font></strong></font><font size="3"><em>GST - VAT Vs CENVAT - Centre Vs States - VAT Officers to protest Today </em></font></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>NOW</strong> that GST appears to be an immediate future possibility, the battle lines are being drawn on who should get what. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The IRS Association has said that <em>the State VAT officials may not be allowed to bring distortions in GST to weaken the Centre. A strong sustainable Centre is the need of the hour. </em></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The Central Revenue Associations on an agitation path have been persuaded by CBEC to go slow. The Superintendents' Association says that the CBEC Chairman has promised that their career prospects/manpower would in no way be affected by implementation of GST. He is also reported to have said “ <em>the Hon'ble Finance Minister is with us. </em>” A meeting was called by the Member (Admn) of CBEC on 13th October with the associations and it seems a request for the minutes of the meeting was turned down on the ground <em>that the trade & state officials as the case maybe use it to advance their cause</em>! </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">But the All India Confederation of Commercial Taxes Associations (AICCTA) has a different story. They are organising a nation wide mass leave programme today and a dharna in Jantar Mantar, Delhi today where they expect thousands of Commercial Taxes officers from all the States to participate. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">AICCTA President Suryanarayana told me, </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><em>We all state commercial tax departments are protesting for our legitimate demands as- central Govt through GST Council which is manned by CBEC people are diminishing our existence wrt jurisdiction of dealers, disabling cross empowerment of SGST, CGST and IGST thereby defeating the very principle of GST. This will create an environment of "No ease of doing business in India" affecting the growth of economy. We demand as per the present scenario of existing dealers within state jurisdiction around 70 lakh whereas central Govt has 16-17 lakh; so the vertical split to be in ratio of 4:1 with total cross empowerment across all three constituents of GST. The business should not be put at hardship of interface to both authorities. State taxation people are well versed with the implementation of these complicated Acts more than CBEC. CBEC are well versed with use of powers which is well known to the business houses in India and abroad. We demand ‘one nation one tax one authority' with good federal respect. </em></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><em>After continued meetings with Hon'ble FMs of All States, Empowered committee chairmen since last six years, and now latest with Revenue secretary of GST Council, it is understood that central government wants to push their agenda; hence we are protesting all over India as following Mass casual leave by Commercial tax department employees and a dharna at Jantarmantar in thousands of numbers of employees representing all States at Jantarmantar, Delhi and try to get them heard. If still they are not giving justice, then state government employees may boycott implementation of GST </em>. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The Uttar Pradesh CT department employees and officers' associations have decided to boycott the joint training programme with CBEC. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The AICCTA President and General Secretary Rajani Kanth Sharma have met several State Finance and Commercial Tax Ministers and Union Ministers from States like UP, Rajasthan, Tamil Nadu, Telangana and Andhra Pradesh. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The question is who should get how much of GST? Maybe like the GST Council vote, they should share everything in the ratio of 1:2. </font></p>
<p align="center"><font size="3" face="Georgia, Times New Roman, Times, serif"><em><font color="#006600"><strong><font size="3" face="Georgia, Times New Roman, Times, serif"><em><a name="f4" id="f4"></a></em></font>Tariff Value of Gold, Silver and other Items Reduced </strong></font></em></font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>GOVERNMENT </strong> has decreased the tariff value of gold, silver & Palm oils. There is an increase in the Tariff values of crude soyabean oil. The Tariff values of poppy seeds remains put. </font></p>
<table width="90%" border="1" align="center" cellpadding="5" cellspacing="0">
<tr bgcolor="#99CC99">
<td colspan="5" valign="top"><p align="center"><font color="#0000FF"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Table 1 </font></strong></font></p></td>
</tr>
<tr bgcolor="#99CC99">
<td valign="top" bgcolor="#99CC99"><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 (Per Metric Tonne) as on 30.09.2016 </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 (Per Metric Tonne) from 14.10.2016 </font></strong></font></p></td>
</tr>
<tr bgcolor="#CCFFFF">
<td valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(1) </font></strong></p></td>
<td valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(2) </font></strong></p></td>
<td valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(3) </font></strong></p></td>
<td valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(5) </font></strong></p></td>
<td valign="top"><p align="center"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>(6) </strong></font></p></td>
</tr>
<tr bgcolor="#CCFFFF">
<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 size="2" face="Verdana, Arial, Helvetica, sans-serif">767 </font></p></td>
<td valign="top"><p><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">704 </font></strong></p></td>
</tr>
<tr bgcolor="#CCFFFF">
<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 size="2" face="Verdana, Arial, Helvetica, sans-serif">776 </font></p></td>
<td valign="top"><p><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">724 </font></strong></p></td>
</tr>
<tr bgcolor="#CCFFFF">
<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 size="2" face="Verdana, Arial, Helvetica, sans-serif">772 </font></p></td>
<td valign="top"><p><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">714 </font></strong></p></td>
</tr>
<tr bgcolor="#CCFFFF">
<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 size="2" face="Verdana, Arial, Helvetica, sans-serif">811 </font></p></td>
<td valign="top"><p><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">737 </font></strong></p></td>
</tr>
<tr bgcolor="#CCFFFF">
<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 size="2" face="Verdana, Arial, Helvetica, sans-serif">814 </font></p></td>
<td valign="top"><p><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">740 </font></strong></p></td>
</tr>
<tr bgcolor="#CCFFFF">
<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 size="2" face="Verdana, Arial, Helvetica, sans-serif">813 </font></p></td>
<td valign="top"><p><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">739 </font></strong></p></td>
</tr>
<tr bgcolor="#CCFFFF">
<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 size="2" face="Verdana, Arial, Helvetica, sans-serif">827 </font></p></td>
<td valign="top"><p><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">845 </font></strong></p></td>
</tr>
<tr bgcolor="#CCFFFF">
<td 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 size="2" face="Verdana, Arial, Helvetica, sans-serif">3055 </font></p></td>
<td valign="top"><p><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">3028 </font></strong></p></td>
</tr>
<tr bgcolor="#CCFFFF">
<td 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 size="2" face="Verdana, Arial, Helvetica, sans-serif">2533 </font></p></td>
<td valign="top"><p><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">2533 </font></strong></p></td>
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<td colspan="5" valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Table 2 </font></strong></p></td>
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<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 30.09.2016 </font></strong></font></p></td>
<td valign="top"><p align="center"><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff value USD from 14.10.2016 </font></strong></p></td>
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<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">428 per 10 grams </font></p></td>
<td valign="top"><p><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">410 per 10 grams </font></strong></p></td>
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<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">619 per kilogram </font></p></td>
<td valign="top"><p><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">576 per kilogram </font></strong></p></td>
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<td colspan="5" valign="top"><p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Table 3 </font></p></td>
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<td valign="top"><p><font color="#663399"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">S. No. </font></strong></font></p></td>
<td valign="top"><p><font color="#663399"><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="#663399"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Description of goods </font></strong></font></p></td>
<td valign="top"><p><font color="#663399"><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>
<td valign="top"><p><font color="#FF0000"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff value USD (Per Metric Tons) from 14.10.2016 </font></strong></font></p></td>
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<tr bgcolor="#FF9933">
<td valign="top"><p><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif">1 </font></p></td>
<td valign="top"><p><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif">080280 </font></p></td>
<td valign="top"><p><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif">Arecanuts </font></p></td>
<td valign="top"><p><font color="#663399" 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">2621 </font></strong></font></p></td>
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<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MjA2NjA=" target="_blank">Notification No. 126/2016-CUSTOMS (N.T.)., Dated: October 14, 2016 </a></strong></font> </p>
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<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">It is easier to start taxes than to stop them. A tax an inch long can easily become a yard long. That has been the history of taxation. </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The sales tax was first introduced in Madras Presidency in 1939, primarily to make up for the loss in revenue arising as a result of Prohibition. It was a multi-point tax levied at a very low rate — 0.5 per cent. It was reduced to 0.25 per cent in 1940. </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Service Tax was introduced in 1994 with a tax of 5% on three services. </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Where will GST take us? </font><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"> </font></p>
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<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"><strong>vijaywrite@tiol.in </strong></a></font></p>
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