TIOL-DDT 2961 · the untouched capture
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<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/inside2.php3?filename=bnews_detail.php3&newsid=26988"><img src="http://www.taxindiaonline.com/RC2/image/stories/limca_book2016.jpg" alt="DDT in Limca Book of Records - Third Time in a row" width="252" height="220" hspace="5" border="0" align="right" ></a></font><font color="#663399" size="3">TIOL-DDT 2961</font><br>
01 11 2016<br>
Tuesday</strong></font></p>
<p align="center"><strong><em><font color="#006600" size="3" face="Georgia, Times New Roman, Times, serif">Government Revises All Industry Rates of Drawback</font></em></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE</strong> Central Government yesterday revised the All Industry Rates (AIRs) of Drawback by Notification No. <strong><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MjA3MjI=" target="_blank">131/2016-Customs (N.T.)</a></strong> dated 31.10.2016 which comes into force on 15.11.2016.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">These AIRs take into account relevant broad average parameters including,</font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1. prevailing prices of inputs,</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2. input output norms,</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">3. share of imports in input consumption,</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">4. the rates of central excise and customs duties, </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">5. incidence of service tax paid on taxable services which are used as input services in the manufacturing or processing of export goods, </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">6. incidence of duty on HSD/furnace oil, </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">7. value of export goods, etc. </font></p>
</blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Some of the changes are: - </font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"> i. AIRs have been provided to certain worked articles under chapters 45, 46 and 68; </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"> ii. Certain products, earlier with all customs AIRs, have been provided composite rates. These include rubber parts (for automobile or other machinery) of chapter 40 and children's picture, drawing/colouring books, etc. of chapter 49; </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"> iii. Changes in certain tariff items description have been made for dispute prevention or enhancing simplification. These relate, <em>inter-alia</em>, to packaged rice, rubber parts, certain leather items, leggings, frocks, bicycles, protective sports gear, etc; </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"> iv. For better product differentiation, separate tariff lines have been provided by carving out from (or replacing) certain existing tariff items. These include surimi fish paste (chapter 16), belts (chapter 39), leather woven/braided hand-bag (chapter 42); </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"> v. In the notes and conditions of the notification, the term article of leather in chapter 42 of the Drawback Schedule has been expanded to include any article wherein 60% or more of the outer and inner surface area taken together is of leather. This is in the light of newer design and commercial practices; </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"> vi. Residuary rate (customs) provided to items across various chapters has been reduced from 1.9% to 1.5% and from 1.4% to 1.1%. </font></p>
</blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The Notification also specifies: </font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1. The alternative AIRs on garment exports made against the Special Advance Authorization (para 4.04A of FTP 2015-20) in discharge of export obligations in terms of Notification No. 45/2016-Customs dated 13.8.2016. For claiming these alternative AIRs, the relevant tariff item has to be suffixed with suffix <em>"C"</em> or suffix <em>"D"</em> for the situation when Cenvat facility has not been availed or when Cenvat facility has been availed, respectively, instead of the usual suffix <em>"A"</em> or suffix <em>"B"</em>. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2. The amount for payment as provisional drawback by proper officer of Customs in terms of sub-rule (3) of Rule 7 of Customs, Central Excise and Service Tax Drawback Rules, 1995. This is equivalent to the Customs component of AIR corresponding to the export goods, if applicable, and subject to the same conditions as applicable to a claim for that component. </font></p>
</blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Apart from revisions in the AIRs, the Government has also amended the Customs, Central Excise and Service Tax Drawback Rules, 1995 by Notification No. <strong><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MjA3MjM=" target="_blank">132/2016-Customs (NT)</a></strong> dated 31.10.2016 for the purpose of deleting sub-rule (1) of rule 8 which did not allow AIR or Brand Rate drawback to exports (other than postal exports or exports under advance authorization) if the amount of drawback is less than 1% of F.O.B. value of export, except where the amount of drawback per shipment exceeded Rs.500. This deletion takes effect from 15.11.2016. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The CBEC expects the Commissioners to ensure: </font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1. due diligence to prevent any misuse. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2. that the shipping bills with parameters considered to be sensitive to be handled with adequate care at the time of export. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">3. that in case of claim of the composite (higher) rate of AIR, the processing should specifically ensure availability of <em>"Non-availment of Cenvat certificate"</em> etc. at the export stage itself. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">4. that in the case of AIR claim against tariff item numbers 711301, 711302 or 711401 the availability of exporter's declaration as per Circular <strong><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MjAxMDc=" target="_blank">No.30/2016-Customs</a></strong> and recorded at the Let Export Order stage by the Customs officer. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">5. continued scrutiny for preventing any excess drawback arising from mismatch of declarations made in the Item Details and the Drawback Details in a shipping bill. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">6. that exporters do not avail of the refund of service tax paid on taxable services which are used as input services in the manufacturing or processing of export goods through any other mechanism while claiming AIR.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">7. that suitable public notice and standing order are issued for guidance of the trade and officers.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">8. that any inconsistency, error or difficulty faced are intimated to the Board.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">9. They inform, with appropriate data, the details of specific products where drawback cap needs to be imposed</font></p>
</blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">With trade facilitation in view, tenure of the Drawback Committee constituted by the Central Government has been extended to expeditiously look into issues arising from the changes made. Accordingly, exporters of products at revised residuary rates of 1.1% and 1.5% may immediately come forward with data, if any, for higher than residuary rates.</font></p>
<p align="justify"><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MjA3MjQ=" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">CBEC Circular No. 50/2016-Customs., Dated: October 31, 2016</font></strong></a></p>
<p align="center"><font face="Georgia, Times New Roman, Times, serif"><em><strong><font color="#006600" size="3"><a name="f1"></a>Never had the privilege to be in a Court - PM Modi</font></strong></em></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>ADDRESSING</STRONG> the Golden Jubilee Celebrations of Delhi High Court yesterday, the Prime Minister said,</font></p>
<p align="justify"><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">I never had the privilege to go to a court but I have heard that the atmosphere there is solemn. Perhaps its influence is seen here too. We are celebrating the golden jubilee. Smile a little. I understand the solemnity on the dais so that no wrong perception is created. But here (among audience), I don't think there is any problem.</font></em></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The Prime Minister referred to the contribution of several people in the last fifty years like the ones who used to do typing under the trees; or those who sat on the dais and dispensed justice or even those who supplied tea in the premises.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The Prime Minister said, <em>"we take up most of the time of the judiciary - we means not Modi, but Government - Government is the biggest litigant."</em> He told the babus <em>"if a teacher goes to court and gets justice, give that benefit to ten thousand other teachers."</em> The Prime Minister wondered why it is not done.</font></p>
<p align="center"><font size="3" face="Georgia, Times New Roman, Times, serif"><em><strong><font color="#006600"><a name="f2"></a>Undue Harassment in the Garb of Public Revenue</font></strong></em></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>IN </strong> a recent Judgement, the Allahabad High Court observed,</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><em>Aforesaid attitude on the part of respondents is clearly arbitrary and shows an attitude of undue harassment to petitioner in the garb of public Revenue. Interest of public revenue does not authorize Revenue Authorities to work without any authority and create or cause all kinds of harassment to innocent people on the pretext of statutory authority. Revenue Authorities cannot claim liberty/privilege so as to deprive an individual, his property and that too in a manner, which has been found quite unreasonable and wholly without jurisdiction.</em></font></p>
<p align="justify"><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Respondents are directed to release all FDRs seized during seizure and also refund the amount in question, if not already released or refunded. In case FDRs and amount in question are not returned or refunded so far, they shall be returned / refunded forthwith without any further delay alongwith interest @ 18% per annum from the date of seizure till the date of actual return / refund.</font></em></p>
<p align="justify"><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Respondents shall be at liberty to recover the said amount of interest from the official(s) concerned who is/are found responsible for such negligence and illegal act, after making enquiry as permissible under law.</font></em></p>
<p align="justify"><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Petitioner shall also be entitled to cost which we quantify to Rs.25,000/-.</font></em></p>
<p align="justify"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Please see <a href="http://www.taxindiaonline.com/RC2/caseLawDet.php?QoPmnXyZ=MTE5NDQy" target="_blank">2016-TIOL-2615-HC-ALL-IT</a></font></strong></p>
<p align="center"><font size="3" face="Georgia, Times New Roman, Times, serif"><em><strong><font color="#006600"><a name="f3"></a>GSTN to Borrow 800 Crores</font></strong></em></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE</strong> GSTN, which will run the GST in India is to borrow Rs. 800 Crore to fund infrastructure cost. The total authorised and paid-up capital of GSTN is Rs. 10 Crore. And they may need about Rs. 1500 Crore to put GST in place. And CBEC has a Systems Directorate which is GST ready!</font></p>
<p align="center"><font color="#006600" face="Georgia, Times New Roman, Times, serif"><em><strong><font size="3"><a name="f4"></a>Slight Increase in Tariff Value of Gold, Silver</font></strong></em></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>GOVERNMENT </strong>has marginally increased the tariff value of gold and silver.Palm Oil sees an increase while there is a reduction for brass scrap.</font></p>
<div align="justify">
<table width="90%" border="1" align="center" cellpadding="3" cellspacing="0">
<tr bgcolor="#D3E9BE">
<td colspan="5" valign="top"><div align="center"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Table 1 </strong></font></div></td>
</tr>
<tr bgcolor="#D3E9BE">
<td valign="top"><div align="center"><strong><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">S. No. </font></strong></div></td>
<td valign="top"><div align="center"><strong><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Chapter/ heading/ sub-heading/tariff item </font></strong></div></td>
<td valign="top"><div align="center"><strong><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Description of goods </font></strong></div></td>
<td valign="top"><div align="center"><strong><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff value USD (Per Metric Tonne) as on 14.10.2016 </font></strong></div></td>
<td valign="top"><div align="center"><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff value USD (Per Metric Tonne) from 31.10.2016 </font></strong></div></td>
</tr>
<tr bgcolor="#B9FCFF">
<td valign="top"><div align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(1) </font></strong></div></td>
<td valign="top"><div align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(2) </font></strong></div></td>
<td valign="top"><div align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(3) </font></strong></div></td>
<td valign="top"><div align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(5) </font></strong></div></td>
<td valign="top"><div align="center"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>(6) </strong></font></div></td>
</tr>
<tr bgcolor="#B9FCFF">
<td valign="top" bgcolor="#B9FCFF"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1 </font></td>
<td valign="top" bgcolor="#B9FCFF"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 10 00 </font></td>
<td valign="top" bgcolor="#B9FCFF"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Crude Palm Oil </font></td>
<td valign="top" bgcolor="#B9FCFF"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">704 </font></td>
<td valign="top"><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">723 </font></strong></td>
</tr>
<tr bgcolor="#B9FCFF">
<td valign="top" bgcolor="#B9FCFF"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">2 </font></td>
<td valign="top" bgcolor="#B9FCFF"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 90 10 </font></td>
<td valign="top" bgcolor="#B9FCFF"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">RBD Palm Oil </font></td>
<td valign="top" bgcolor="#B9FCFF"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">724 </font></td>
<td valign="top"><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">732 </font></strong></td>
</tr>
<tr bgcolor="#B9FCFF">
<td valign="top" bgcolor="#B9FCFF"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">3 </font></td>
<td valign="top" bgcolor="#B9FCFF"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 90 90 </font></td>
<td valign="top" bgcolor="#B9FCFF"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Others - Palm Oil </font></td>
<td valign="top" bgcolor="#B9FCFF"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">714 </font></td>
<td valign="top"><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">728 </font></strong></td>
</tr>
<tr bgcolor="#B9FCFF">
<td valign="top" bgcolor="#B9FCFF"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">4 </font></td>
<td valign="top" bgcolor="#B9FCFF"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 10 00 </font></td>
<td valign="top" bgcolor="#B9FCFF"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Crude Palmolein </font></td>
<td valign="top" bgcolor="#B9FCFF"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">737 </font></td>
<td valign="top"><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">737 </font></strong></td>
</tr>
<tr bgcolor="#B9FCFF">
<td valign="top" bgcolor="#B9FCFF"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">5 </font></td>
<td valign="top" bgcolor="#B9FCFF"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 90 20 </font></td>
<td valign="top" bgcolor="#B9FCFF"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">RBD Palmolein </font></td>
<td valign="top" bgcolor="#B9FCFF"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">740 </font></td>
<td valign="top"><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">740 </font></strong></td>
</tr>
<tr bgcolor="#B9FCFF">
<td valign="top" bgcolor="#B9FCFF"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">6 </font></td>
<td valign="top" bgcolor="#B9FCFF"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 90 90 </font></td>
<td valign="top" bgcolor="#B9FCFF"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Others - Palmolein </font></td>
<td valign="top" bgcolor="#B9FCFF"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">739 </font></td>
<td valign="top"><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">739 </font></strong></td>
</tr>
<tr bgcolor="#B9FCFF">
<td valign="top" bgcolor="#B9FCFF"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">7 </font></td>
<td valign="top" bgcolor="#B9FCFF"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1507 10 00 </font></td>
<td valign="top" bgcolor="#B9FCFF"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Crude Soyabean Oil </font></td>
<td valign="top" bgcolor="#B9FCFF"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">845 </font></td>
<td valign="top"><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">853 </font></strong></td>
</tr>
<tr bgcolor="#B9FCFF">
<td valign="top" bgcolor="#B9FCFF"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">8 </font></td>
<td valign="top" bgcolor="#B9FCFF"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">7404 00 22 </font></td>
<td valign="top" bgcolor="#B9FCFF"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Brass Scrap (all grades) </font></td>
<td valign="top" bgcolor="#B9FCFF"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">3028 </font></td>
<td valign="top"><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">2971 </font></strong></td>
</tr>
<tr bgcolor="#B9FCFF">
<td valign="top" bgcolor="#B9FCFF"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">9 </font></td>
<td valign="top" bgcolor="#B9FCFF"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1207 91 00 </font></td>
<td valign="top" bgcolor="#B9FCFF"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Poppy seeds </font></td>
<td valign="top" bgcolor="#B9FCFF"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">2533 </font></td>
<td valign="top"><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">2533 </font></strong></td>
</tr>
<tr>
<td valign="top" colspan="5"><div align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Table 2 </strong></font></div></td>
</tr>
<tr bgcolor="#D3E9BE">
<td valign="top"><div align="center"><font color="#0000FF"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">S. No. </font></strong></font></div></td>
<td valign="top"><div align="center"><font color="#0000FF"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Chapter/ heading/ sub-heading/tariff item </font></strong></font></div></td>
<td valign="top"><div align="center"><font color="#0000FF"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Description of goods </font></strong></font></div></td>
<td valign="top"><div align="center"><font color="#0000FF"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff value USD from 14.10.2016 </font></strong></font></div></td>
<td valign="top"><div align="center"><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff value USD from 31.10.2016 </font></strong></div></td>
</tr>
<tr bgcolor="#D3E9BE">
<td valign="top"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1 </font></td>
<td valign="top"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">71 or 98 </font></td>
<td valign="top"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Gold, in any form in respect of which the benefit of entries at serial number 321 and 323 of the Notification No. 12/2012-Customs dated 17.03.2012 is availed. </font></td>
<td valign="top"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">410 per 10 grams </font></td>
<td valign="top"><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">414 per 10 grams </font></strong></td>
</tr>
<tr bgcolor="#D3E9BE">
<td valign="top"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2 </font></td>
<td valign="top"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">71 or 98 </font></td>
<td valign="top"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Silver, in any form in respect of which the benefit of entries at serial number 322 and 324 of the Notification No. 12/2012-Customs dated 17.03.2012 is availed. </font></td>
<td valign="top"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">576 per kilogram </font></td>
<td valign="top"><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">577 per kilogram </font></strong></td>
</tr>
<tr>
<td valign="top" colspan="5"><div align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Table 3 </strong></font></div></td>
</tr>
<tr bgcolor="#FCB970">
<td valign="top"><div align="center"><font color="#0000FF"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">S. No. </font></strong></font></div></td>
<td valign="top"><div align="center"><font color="#0000FF"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Chapter/ heading/ sub-heading/tariff item </font></strong></font></div></td>
<td valign="top"><div align="center"><font color="#0000FF"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Description of goods </font></strong></font></div></td>
<td valign="top"><div align="center"><font color="#0000FF"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff value USD (Per Metric Tons) from 14.10.2016 </font></strong></font></div></td>
<td valign="top"><div align="center"><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff value USD (Per Metric Tons) from 31.10.2016 </font></strong></div></td>
</tr>
<tr bgcolor="#FCB970">
<td valign="top" bgcolor="#FCB970"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">1 </font></td>
<td valign="top" bgcolor="#FCB970"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">080280 </font></td>
<td valign="top" bgcolor="#FCB970"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">Arecanuts </font></td>
<td valign="top" bgcolor="#FCB970"><font color="#0000FF" size="2" face="Verdana, Arial, Helvetica, sans-serif">2621 </font></td>
<td valign="top"><strong><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">2621 </font></strong></td>
</tr>
</table>
<p><a href="http://www.taxindiaonline.com/RC2/notDesc.php?MpoQSrPnM=MjA3MjA=" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Notification No. 133/2016-CUSTOMS (N.T.)., Dated: October 31, 2016</font></strong></a></p>
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