SIGN IN SUBSCRIBE

News Update

GST - Vires of Rule 89 (5) of the CGST Rules challenged - Notice issued to respondent: HCCX - Once apex Court has dismissed Revenue appeal challenging Tribunal order classifying Shrink Sleeves under Ch.39, contention of department that CENVAT is not admissible as the Shrink Sleeves attract Nil rate of duty under Ch.49 would no longer survive: HCCX - SCN proposed recovery of credit under one provision of CEA whereas Asstt. Commr. confirmed demand under different provisions of law, which is not permitted: CESTATCX - Commissioner has, without justification, recorded a finding for period which was not the period involved in the SCN - AA cannot go beyond the SCN: CESTATCX - Goods meant for export destroyed en route - goods having been destroyed before removal, no duty can be demanded and remission is permissible: CESTATCX - Sugar Syrup - It is the burden of department to establish marketability as well as excisability of a product while demanding duty: CESTATSC grants relief to Chidambaram in ED case till Monday but no succour in CBI caseFATF Asia-Pacific Group puts Pakistan in 'enhanced blacklist'Cash recovered from residential premises of individual's parent's in law, cannot be added to individual's income in absence of any reasonable nexus: HCRe-assessment proceedings are unsustainable where based on same set of facts already available during original assessment, hence leading to change of opinion of AO: ITATAdditions made while determining book profit u/s 115JB are unwarranted if no deduction is claimed on provision for bad & doubtful advances: ITATAssessee must be given chance to cross examine deponents whose statements are relied upon by AO; failure to do so invalidates any consequent additions or disallowances: ITATDeduction u/s 54 can be claimed even where adjacent units or flats are combined into one residential house: ITATAdditions on account of bogus purchases are to be restricted to the profit element embedded & undue benefit obtained from evading VAT payment: ITATSabka Vishwas Scheme to end on Dec 31, 2019GST - Petitioner encountered technical glitch in payment of GST for seven months - it would be appropriate to leave it to the technical body concerned to decide whether there was a technical glitch at all: HCVAT - It is one thing to say that Petitioner had violated provisions of Central Excise Act, but another to immediately infer that it also violated provisions of DVAT Act: HCCX - In case of reversal of proportionate credit attributable to exempted goods/services, further demand in terms of Rule 6(3) of CCR, 2004 is unsustainable: CESTATCus - Appellant has not suppressed any fact from Department to the extent that license which was submitted for clearance of imported consignment is issued by DGFT, although the same is claimed to have been obtained fraudulently by seller of licence M/s Nilesh International: CESTATAdditions u/s 14A are sustained where shares are held as stock in trade & such investments do not fall within ambit of Rule 8D(iii): ITATPurchases cannot be treated as genuine where although backed by bills & proof of payment, dealers admit to have provided accommodation entries in statements before sales tax authority: ITATAdditions u/s 68 on account of bogus Short Term Capital Loss are unsustainable where based on statements which are uncorroborated by supporting evidence: ITAT August 23 2019Unexplained expenses cannot be disallowed where PAN & address of recipient parties is submitted to AO, who in turn failed to verify same by issuing notice u/s 133(6): ITATPenalty notice is defective & vitiated proceedings where it does not specify charges based on which penalty is being levied: ITATACC appoints Ajay Kumar Bhalla as New Home SecretaryBenefit u/s 80IA available to start-ups having turnover of above Rs 25 CrContinuing protectionist policies would cause global recession: GoyalGovt relaxes lease rent charges on wind power projectsCBIC also raises monetary limits for indirect tax cases
Untitled Document

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION-3, SUB-SECTION (ii)]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS
NEW DELHI

NOTIFICATION NO

61/2019-CUSTOMS (NT), Dated: August 14, 2019

In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes & Customs, being satisfied that it is necessary and expedient so to do, hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 36/2001-Customs (N.T.), dated the 3rd August, 2001, published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S. O. 748 (E), dated the 3rd August, 2001, namely:-

In the said notification, for TABLE-1, TABLE-2, and TABLE-3 the following Tables shall be substituted, namely: -

"TABLE-1

Sl. No.
Chapter/ heading/ sub-heading/tariff item
Description of goods
Tariff value (US $Per Metric Tonne)
(1)
(2)
(3)
(4)
1
1511 10 00 Crude Palm Oil 527
2
1511 90 10 RBD Palm Oil 557
3
1511 90 90 Others – Palm Oil 542
4
1511 10 00 Crude Palmolein 567
5
1511 90 20 RBD Palmolein 570
6
1511 90 90 Others – Palmolein 569
7
1507 10 00 Crude Soya bean Oil 737
8
 7404 00 22 Brass Scrap (all grades) 3471
9
1207 91 00 Poppy seeds 3395

TABLE-2

Sl. No.
Chapter/ heading/ sub-heading/tariff item
Description of goods
Tariff value (US $)
(1)
(2)
(3)
(4)
1.
 71 or 98 Gold, in any form, in respect of which the benefit of entries at serial number 356 of the Notification No. 50/2017-Customs dated 30.06.2017 is availed 482 per 10 grams
2.
71 or 98 Silver, in any form, in respect of which the benefit of entries at serial number 357 of the Notification No. 50/2017-Customs dated 30.06.2017 is availed 563 per kilogram
3.
 71 (i) Silver, in any form, other than medallions and silver coins having silver content not below 99.9% or semi-manufactured forms of silver falling under sub-heading 7106 92;

(ii) Medallions and silver coins having silver content not below 99.9% or semi-manufactured forms of silver falling under sub-heading 7106 92, other than imports of such goods through post, courier or baggage.

Explanation. - For the purposes of this entry, silver in any form shall not include foreign currency coins, jewellery made of silver or articles made of silver.		 563 per kilogram
4.
 71 (i) Gold bars, other than tola bars, bearing manufacturer's or refiner's engraved serial number and weight expressed in metric units;

(ii) Gold coins having gold content not below 99.5% and gold findings, other than imports of such goods through post, courier or baggage.

Explanation. - For the purposes of this entry, "gold findings" means a small component such as hook, clasp, clamp, pin, catch, screw back used to hold the whole or a part of a piece of Jewellery in place.		 482 per 10 grams

TABLE-3

No.
Chapter/heading/sub-heading/tariff item
Description of goods
Tariff value (US $ Per Metric Tonne)
(1)
(2)
(3)
(4)
1 080280
 Areca nuts 3915"

[F. No. 467/01/2019 -Cus-V]

(Gunjan Kumar Verma)
Under Secretary to the Govt. of India

Note: - The principal notification was published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide Notification No. 36/2001–Customs (N.T.), dated the 3rd August, 2001, vide number S. O. 748 (E), dated the 3rd August, 2001 and was last amended vide Notification No. 57/2019-Customs (N.T.), dated the 8th August, 2019, e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 2872(E), dated 8th August, 2019.

TIOL Tube Latest

TIOL Tube
Legal Wrangle | Customs | Episode 110

Top News



TII LATEST

TIOLCORPLAWS LATEST