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Amends notification no. 110/2015-Customs (NT) dated 16.11.2015 to specify All Industry Rates of drawback for export of garments under Special Advance Authorization Scheme under para 4.04A of FTP 2015-20

Customs - 110/2016 - Dated:- 13-8-2016 - GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. - 110/ 2016 - CUSTOMS (N.T.) New Delhi, dated the 13th August, 2016 G.S.R. (E). - In exercise of the powers conferred by sub-section (2) of section 75 of the Customs Act, 1962 (52 of 1962), sub-section (2) of section 37 of the Central Excise Act, 1944 (1 of 1944), and section 93A and sub-section (2) of section 94 of the Finance Act, 1994 (32 of 1994), read with rules 3 and 4 .....

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hall be inserted, namely:- Provided that where exports are made against Special Advance Authorisation issued under paragraph 4.04A of the Foreign Trade Policy 2015-20 in discharge of export obligations in terms of Notification No. 45/2016-Customs dated 13th August, 2016, the rates of drawback specified in the said Schedule shall apply as if in the said Schedule- (i) the heading A and heading B are heading C and heading D, respectively; and (ii) the entries in columns (4), (5), (6) and (7) agains .....

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it in Rs. (1) (2) (3) (4) (5) (6) (7) CHAPTER - 61 ARTICLES OF APPAREL AND CLOTHING ACCESSORIES, KNITTED OR CROCHETED 6101 Men's or boys' overcoats, carcoats, capes, cloaks, anoraks (including ski-jackets), wind- cheaters, wind-jackets and similar articles, knitted or crocheted, other than those of heading 6103 610101 Of Cotton Piece 3.5% 65.5 0.8% 15.0 610102 Of Blend containing Cotton and Man Made Fibre Piece 4.4% 71.3 1% 16.2 610103 Of Man Made Fibres Piece 4.4% 72.3 1% 16.4 610104 Of .....

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ning Cotton and Man Made Fibre Piece 4.4% 71.3 1% 16.2 610203 Of Man Made Fibres Piece 4.4% 72.3 1% 16.4 610204 Of Silk (other than containing Noil silk) Piece 4.4% 139.6 1% 31.7 610205 Of Wool Piece 3.4% 126.0 0.8% 29.6 610206 Of Blend containing Wool and Man Made Fibre Piece 3.4% 106.4 0.8% 25.0 610299 Of Others Piece 3.4% 63.5 0.8% 14.9 6103 Men's or boys' suits, ensembles, jackets, blazers, trousers, bib and brace overalls, breeches and shorts (other than swim wear), knitted or croch .....

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% 25.4 610302 Jackets, blazers 61030201 Of Cotton Piece 3.5% 65.5 0.8% 15.0 61030202 Of Blend containing Cotton and Man Made Fibre Piece 4.4% 71.3 1% 16.2 61030203 Of Man Made Fibres Piece 4.4% 72.3 1% 16.4 61030204 Of Silk (other than containing Noil silk) Piece 4.4% 139.6 1% 31.7 61030205 Of Wool Piece 3.4% 126.0 0.8% 29.6 61030206 Of Blend containing Wool and Man Made Fibre Piece 3.4% 106.4 0.8% 25.0 61030207 Of Cotton containing 1% or more by weight of spandex/lycra/elastane Piece 3.5% 69.2 .....

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weight of spandex/ lycra/elastane Piece 3.8% 53.2 0.8% 11.2 61030399 Of Others Piece 3.7% 48.3 0.8% 10.5 610304 Others (including capri/three- fourth pants and ensembles) 61030401 Of Cotton Piece 3.2% 26.8 0.7% 5.9 61030402 Of Blend containing Cotton and Man Made Fibre Piece 4.3% 34.9 1% 8.1 61030403 Of Man Made Fibres Piece 4.3% 35.6 1% 8.3 61030404 Of Silk (other than containing Noil silk) Piece 4.3% 64.2 1% 14.9 61030405 Of Wool Piece 3.2% 31.6 0.7% 6.9 61030406 Of Blend containing Wool and M .....

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8% 25.6 61040102 Of Blend containing Cotton and Man Made Fibre Piece 4.4% 126.4 1% 28.7 61040103 Of Man Made Fibres Piece 4.4% 128.9 1% 29.3 61040104 Of Silk (other than containing Noil silk) Piece 4.4% 230.0 1% 52.3 61040105 Of Wool Piece 3.4% 187.6 0.8% 44.1 61040106 Of Blend containing Wool and Man Made Fibre Piece 3.4% 168.0 0.8% 39.5 61040199 Of Others Piece 3.4% 107.9 0.8% 25.4 610402 Jackets, blazers 61040201 Of Cotton Piece 3.5% 65.5 0.8% 15.0 61040202 Of Blend containing Cotton and Man .....

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0301 Of Cotton Piece 3.1% 44 0.7% 9.9 61040302 Of Blend containing Cotton and Man Made Fibre Piece 4.4% 55.1 1% 12.5 61040303 Of Man Made Fibres Piece 4.4% 56.6 1% 12.9 61040304 Of Silk (other than containing Noil silk) Piece 4.4% 90.3 1% 20.5 61040305 Of Wool Piece 3.7% 67.0 0.9% 16.3 61040306 Of Blend containing Wool and Man Made Fibre Piece 3.9% 70.7 0.9% 16.3 61040307 Of Cotton containing 1% or more by weight of spandex/ lycra/elastane Piece 3.8% 53.2 0.8% 11.2 61040399 Of Others Piece 3.7% .....

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of spandex/ lycra/elastane Piece 3.2% 28.0 0.7% 6.1 61040499 Of Others Piece 3.2% 26.3 0.7% 5.7 6105 Men's or boys' shirts, knitted or crocheted 610501 Of Cotton Piece 3.3% 36.5 0.8% 8.8 610502 Of Blend containing Cotton and Man Made Fibre Piece 4.7% 41.6 1.1% 9.7 610503 Of Man Made Fibres Piece 4.7% 39.9 1.1% 9.3 610504 Of Silk (other than containing Noil silk) Piece 4.7% 70.2 1.1% 16.4 610505 Of Wool Piece 3.3% 32.6 0.8% 7.9 610506 Of Blend containing Wool and Man Made Fibre Piece 3.3% .....

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Wool Piece 3.9% 38.5 0.9% 8.9 610606 Of Blend containing Wool and Man Made Fibre Piece 3.9% 38.5 0.9% 8.9 610607 Of Cotton containing 1% or more by weight of spandex/lycra/ elastane Piece 3.9% 41.0 0.9% 9.5 610699 Of Others Piece 3.9% 41.5 0.9% 9.6 6107 Men's or boys' underpants, briefs, nightshirts, pyjamas, bathrobes, dressing gowns and similar articles, knitted or crocheted 610701 Nightshirts, pyjamas, bath robes and dressing gowns and similar articles 61070101 Of Cotton Piece 3.3% 2 .....

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efs, underpants and similar articles 61070201 Of Cotton Piece 3.2% 9.4 0.7% 2.1 61070202 Of Blend containing Cotton and Man Made Fibre Piece 4.3% 10.8 1% 2.5 61070203 Of Man Made Fibres Piece 4.3% 10.4 1% 2.4 61070204 Of Silk (other than containing Noil silk) Piece 4.3% 34.5 1% 8.0 61070205 Of Wool Piece 3.2% 9.0 0.7% 2.0 61070206 Of Blend containing Wool and Man Made Fibre Piece 3.2% 9.0 0.7% 2.0 61070207 Of Cotton containing 1% or more by weight of spandex/lycra/ elastane Piece 3.2% 9.5 0.7% 2 .....

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1% 9.4 61080104 Of Silk (other than containing Noil silk) Piece 4.7% 52.6 1.1% 12.3 61080105 Of Wool Piece 3.3% 32.6 0.8% 7.9 61080106 Of Blend containing Wool and Man Made Fibre Piece 3.3% 32.6 0.8% 7.9 61080107 Of Cotton containing 1% or more by weight of spandex/lycra/ elastane Piece 3.3% 28.3 0.8% 6.9 61080199 Of Others Piece 3.3% 27.1 0.8% 6.6 610802 Slips, petticoats, briefs, panties and similar articles 61080201 Of Cotton Piece 3.2% 9.4 0.7% 2.1 61080202 Of Blend containing Cotton and Man .....

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n Piece 3.5% 31 0.8% 7.1 610902 Of Blend containing Cotton and Man Made Fibre Piece 4.2% 36 1% 8.6 610903 Of Man Made Fibres Piece 4.7% 37 1.1% 8.7 610904 Of Silk (other than containing Noil silk) Piece 4.7% 70.2 1.1% 16.4 610905 Of Wool Piece 3.5% 24.8 0.8% 5.7 610906 Of Blend containing Wool and Man Made Fibre Piece 3.5% 24.8 0.8% 5.7 610907 Of Cotton containing 1% or more by weight of spandex/lycra/ elastane Piece 3.6% 31 0.8% 6.9 610999 Of Others Piece 3.5% 21.6 0.8% 4.9 6110 Jerseys, pullov .....

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stane Piece 3.5% 58.2 0.8% 13.3 611099 Of Others Piece 3.4% 44.4 0.8% 10.5 6111 Babies' garments and clothing accessories, knitted or crocheted 611101 Of Cotton Piece 3.7% 23 0.9% 5.6 611102 Of Blend containing Cotton and Man Made Fibre Piece 4.7% 24.9 1.1% 5.8 611103 Of Man Made Fibres Piece 4.7% 26.9 1.1% 6.3 611104 Of Silk (other than containing Noil silk) Piece 4.7% 37.7 1.1% 8.8 611105 Of Wool Piece 3.7% 24.4 0.9% 5.9 611106 Of Blend containing Wool and Man Made Fibre Piece 3.7% 24.4 0. .....

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206 Of Blend containing Wool and Man Made Fibre Piece 3.5% 34.6 0.8% 7.9 611207 Of Cotton containing 1% or more by weight of spandex/lycra/ elastane Piece 3.6% 30.9 0.8% 6.9 611299 Of Others Piece 3.5% 28.7 0.8% 6.6 6113 Garments, made up of knitted or crocheted fabrics of heading 5903, 5906 or 5907 611301 Of Cotton Piece 3.2% 20.6 0.7% 4.5 611302 Of Blend containing Cotton and Man Made Fibre Piece 4.3% 26.0 1% 6.0 611303 Of Man Made Fibres Piece 4.3% 26.4 1% 6.1 611304 Of Silk (other than conta .....

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ade Fibres Piece 4.7% 39.9 1.1% 9.3 61140104 Of Silk (other than containing Noil silk) Piece 4.7% 70.2 1.1% 16.4 61140105 Of Wool Piece 3.9% 38.5 0.9% 8.9 61140106 Of Blend containing Wool and Man Made Fibre Piece 3.9% 38.5 0.9% 8.9 61140107 Of Cotton containing 1% or more by weight of spandex/lycra/elastane Piece 3.9% 41.0 0.9% 9.5 61140199 Of Others Piece 3.9% 41.5 0.9% 9.6 611402 Women's or girls' tops/cami 61140201 Of Cotton Piece 3.5% 38.7 0.8% 8.8 61140202 Of Blend containing Cotto .....

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61140301 Of Cotton Piece 3.5% 65.5 0.8% 15.0 61140302 Of Blend containing Cotton and Man Made Fibre Piece 4.4% 71.3 1% 16.2 61140303 Of Man Made Fibres Piece 4.4% 72.3 1% 16.4 61140304 Of Silk (other than containing Noil silk) Piece 4.4% 139.6 1% 31.7 61140305 Of Wool Piece 3.4% 126.0 0.8% 29.6 61140306 Of Blend containing Wool and Man Made Fibre Piece 3.4% 106.4 0.8% 25.0 61140399 Of Others Piece 3.4% 63.5 0.8% 14.9 611404 Others 61140401 Of Cotton Piece 3.1% 20.0 0.7% 4.5 61140402 Of Blend co .....

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ion hosiery (for example, stockings for varicose veins) and footwear without applied soles, knitted or crocheted 611501 Of Cotton Kg 3.2% 82.5 0.7% 18.1 611502 Of Blend containing Cotton and Man Made Fibre Kg 4.3% 101.4 1% 23.6 611503 Of Man Made Fibres Kg 4.3% 110.6 1% 25.7 611504 Of Silk (other than containing Noil silk) Kg 4.3% 409.4 1% 95.2 611505 Of Wool Kg 3.2% 94.9 0.7% 20.8 611506 Of Blend containing Wool and Man Made Fibre Kg 3.2% 94.9 0.7% 20.8 611507 Of Cotton containing 1% or more by .....

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607 Gloves, specially designed for use in sports namely Golf Gloves made of textile materials Piece 4.3% 14.9 1% 3.5 611699 Of Others Kg 3.2% 77.7 0.7% 17.0 6117 Other made up clothing accessories, knitted or crocheted; knitted or crocheted parts of garments or of clothing accessories 611701 Shawls, scarves, mufflers, stoles, mantillas and veils 61170101 Of Cotton Piece 3.9% 24.4 0.9% 5.6 61170102 Of Blend containing Cotton and Man Made Fibre Piece 4.7% 24.9 1.1% 5.8 61170103 Of Man Made Fibres .....

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g 4.2% 399.8 1% 95.2 61170205 Of Wool Kg 3.1% 91.9 0.7% 20.8 61170206 Of Blend containing Wool and Man Made Fibre Kg 3.1% 91.9 0.7% 20.8 61170299 Of Others Kg 3.1% 75.2 0.7% 17.0 CHAPTER - 62 ARTICLES OF APPAREL AND CLOTHING ACCESSORIES, NOT KNITTED OR CROCHETED 6201 Men's or boys' overcoats, car- coats, cloaks, anoraks (including ski-jackets), wind-cheaters, wind jackets and similar articles other than those of heading 6203 620101 Of Cotton Piece 3.5% 65.5 0.8% 15.0 620102 Of Blend cont .....

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r than those of heading 6204 620201 Of Cotton Piece 3.5% 65.5 0.8% 15.0 620202 Of Blend containing Cotton and Man Made Fibre Piece 4.4% 71.3 1% 16.2 620203 Of Man Made Fibres Piece 4.4% 72.3 1% 16.4 620204 Of Silk (other than containing Noil silk) Piece 4.4% 139.6 1% 31.7 620205 Of Wool Piece 3.4% 126.0 0.8% 29.6 620206 Of Blend containing Wool and Man Made Fibre Piece 3.4% 106.4 0.8% 25.0 620299 Of Others Piece 3.4% 63.5 0.8% 14.9 6203 Men's or boys' suits, ensembles, jackets, blazers, .....

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ibre Piece 3.4% 168.0 0.8% 39.5 62030199 Of Others Piece 3.4% 107.9 0.8% 25.4 620302 Jackets, blazers 62030201 Of Cotton Piece 3.5% 72 0.8% 16.5 62030202 Of Blend containing Cotton and Man Made Fibre Piece 4.4% 71.3 1% 16.2 62030203 Of Man Made Fibres Piece 4.4% 72.3 1% 16.4 62030204 Of Silk (other than containing Noil silk) Piece 4.4% 139.6 1% 31.7 62030205 Of Wool Piece 3.4% 160 0.8% 37.6 62030206 Of Blend containing Wool and Man Made Fibre Piece 3.4% 148 0.8% 34.8 62030207 Of Cotton containin .....

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% 98 0.9% 22.6 62030307 Of Cotton containing 1% or more by weight of spandex/ lycra/elastane Piece 3.8% 53.2 0.8% 11.2 62030399 Of Others Piece 3.7% 48.3 0.8% 10.5 620304 Others (including capri/three- fourth pants and ensembles) 62030401 Of Cotton Piece 3.2% 26.8 0.7% 5.9 62030402 Of Blend containing Cotton and Man Made Fibre Piece 4.3% 34.9 1% 8.1 62030403 Of Man Made Fibres Piece 4.3% 35.6 1% 8.3 62030404 Of Silk (other than containing Noil silk) Piece 4.3% 64.2 1% 14.9 62030405 Of Wool Piece .....

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040101 Of Cotton Piece 3.5% 112.0 0.8% 25.6 62040102 Of Blend containing Cotton and Man Made Fibre Piece 4.4% 126.4 1% 28.7 62040103 Of Man Made Fibres Piece 4.4% 128.9 1% 29.3 62040104 Of Silk (other than containing Noil silk) Piece 4.4% 230.0 1% 52.3 62040105 Of Wool Piece 3.4% 187.6 0.8% 44.1 62040106 Of Blend containing Wool and Man Made Fibre Piece 3.4% 168.0 0.8% 39.5 62040199 Of Others Piece 3.4% 107.9 0.8% 25.4 620402 Jackets, blazers 62040201 Of Cotton Piece 3.5% 89 0.8% 20.3 62040202 O .....

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d skirts, trousers, full pants 62040301 Of Cotton Piece 3.1% 41.1 0.7% 9.3 62040302 Of Blend containing Cotton and Man Made Fibre Piece 4.4% 55.1 1% 12.5 62040303 Of Man Made Fibres Piece 4.4% 55 1% 12.5 62040304 Of Silk (other than containing Noil silk) Piece 4.4% 90.3 1% 20.5 62040305 Of Wool Piece 3.7% 67.0 0.9% 16.3 62040306 Of Blend containing Wool and Man Made Fibre Piece 3.9% 70.7 0.9% 16.3 62040307 Of Cotton containing 1% or more by weight of spandex/lycra/elastane Piece 3.8% 53.2 0.8% 1 .....

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ntaining 1% or more by weight of spandex/ lycra/elastane Piece 3.2% 28.0 0.7% 6.1 62040499 Of Others Piece 3.2% 26.3 0.7% 5.7 6205 Men's or boys' shirts 620501 Of Cotton Piece 3.3% 40 0.8% 9.7 620502 Of Blend containing Cotton and Man Made Fibre Piece 4.7% 41.6 1.1% 9.7 620503 Of Man Made Fibres Piece 4.7% 39.9 1.1% 9.3 620504 Of Silk (other than containing Noil silk) Piece 4.7% 70.2 1.1% 16.4 620505 Of Wool Piece 3.3% 32.6 0.8% 7.9 620506 Of Blend containing Wool and Man Made Fibre Piec .....

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.5 0.9% 8.9 620606 Of Blend containing Wool and Man Made Fibre Piece 3.9% 38.5 0.9% 8.9 620607 Of Cotton containing 1% or more by weight of spandex/ lycra/elastane Piece 3.9% 41.0 0.9% 9.5 620699 Of Others Piece 3.9% 41.5 0.9% 9.6 6207 Men's or boys' singlets and other vests, underpants, briefs, nightshirts, pyjamas, bath-robes, dressing gowns and similar articles 620701 Dressing gowns, bathrobes, pyjamas, nightshirts and similar articles 62070101 Of Cotton Piece 3.3% 27.4 0.8% 6.6 62070 .....

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sts, underpants, briefs and similar articles 62070201 Of Cotton Piece 3.2% 9.4 0.7% 2.1 62070202 Of Blend containing Cotton and Man Made Fibre Piece 4.3% 10.8 1% 2.5 62070203 Of Man Made Fibres Piece 4.3% 10.4 1% 2.4 62070204 Of Silk (other than containing Noil silk) Piece 4.3% 34.5 1% 8.0 62070205 Of Wool Piece 3.2% 9.0 0.7% 2.0 62070206 Of Blend containing Wool and Man Made Fibre Piece 3.2% 9.0 0.7% 2.0 62070207 Of Cotton containing 1% or more by weight of spandex/ lycra/elastane Piece 3.2% 9. .....

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40.3 1.1% 9.4 62080104 Of Silk (other than containing Noil silk) Piece 4.7% 52.6 1.1% 12.3 62080105 Of Wool Piece 3.3% 32.6 0.8% 7.9 62080106 Of Blend containing Wool and Man Made Fibre Piece 3.3% 32.6 0.8% 7.9 62080107 Of Cotton containing 1% or more by weight of spandex/ lycra/elastane Piece 3.3% 28.3 0.8% 6.9 62080199 Of Others Piece 3.3% 27.1 0.8% 6.6 620802 Singlets and other vests, slips, petticoats, briefs, panties and similar articles 62080201 Of Cotton Piece 3.2% 9.4 0.7% 2.1 62080202 .....

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ssories 620901 Of Cotton Piece 3.7% 23.2 0.9% 5.6 620902 Of Blend containing Cotton and Man Made Fibre Piece 4.7% 24.9 1.1% 5.8 620903 Of Man Made Fibres Piece 4.7% 26.9 1.1% 6.3 620904 Of Silk (other than containing Noil silk) Piece 4.7% 37.7 1.1% 8.8 620905 Of Wool Piece 3.7% 24.4 0.9% 5.9 620906 Of Blend containing Wool and Man Made Fibre Piece 3.7% 24.4 0.9% 5.9 620907 Of Cotton containing 1% or more by weight of spandex/ lycra/elastane Piece 3.7% 24.0 0.9% 5.8 620999 Of Others Piece 3.7% 22 .....

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s, ski suits and swimwear; other garments 621101 Women's or girls' blouses, shirts and shirt-blouses, with tightening at the bottom 62110101 Of Cotton Piece 3.9% 43.1 0.9% 9.9 62110102 Of Blend containing Cotton and Man Made Fibre Piece 4.7% 41.6 1.1% 9.7 62110103 Of Man Made Fibres Piece 4.7% 39.9 1.1% 9.3 62110104 Of Silk (other than containing Noil silk) Piece 4.7% 70.2 1.1% 16.4 62110105 Of Wool Piece 3.9% 38.5 0.9% 8.9 62110106 Of Blend containing Wool and Man Made Fibre Piece 3.9% .....

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110206 Of Blend containing Wool and Man Made Fibre Piece 3.5% 34.6 0.8% 7.9 62110207 Of Cotton containing 1% or more by weight of spandex/ lycra/elastane Piece 3.6% 37.8 0.8% 8.4 62110299 Of Others Piece 3.5% 37.2 0.8% 8.5 621103 Other jackets not covered under heading 6203 or 6204 62110301 Of Cotton Piece 3.5% 65.5 0.8% 15.0 62110302 Of Blend containing Cotton and Man Made Fibre Piece 4.4% 71.3 1% 16.2 62110303 Of Man Made Fibres Piece 4.4% 72.3 1% 16.4 62110304 Of Silk (other than containing N .....

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217.5 1.1% 50.9 62110404 Other protective industrial wear made of Aramid fibre Piece 4.7% 152.3 1.1% 35.6 62110405 Protective industrial wear overall/coverall made of Modacrylic fibre Piece 4.7% 208.7 1.1% 48.8 62110406 Other protective industrial wear made of Modacrylic fibre Piece 4.7% 139.1 1.1% 32.6 62110499 Other protective industrial wear Piece 3.3% 55.2 0.8% 13.4 621105 Others 62110501 Of Cotton Piece 3.1% 20.0 0.7% 4.5 62110502 Of Blend containing Cotton and Man Made Fibre Piece 4.2% 25. .....

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ing Cotton and Man Made Fibre Kg 4.3% 101.4 1% 23.6 621203 Of Man Made Fibres Kg 4.3% 110.6 1% 25.7 621204 Of Silk (other than containing Noil silk) Kg 4.3% 409.4 1% 95.2 621205 Of Wool Kg 3.2% 94.9 0.7% 20.8 621206 Of Blend containing Wool and Man Made Fibre Kg 3.2% 94.9 0.7% 20.8 621299 Of Others Kg 3.2% 77.7 0.7% 17.0 6213 Handkerchiefs 621301 Of Cotton Kg 3.2% 82.5 0.7% 18.1 621302 Of Blend containing Cotton and Man Made Fibre Kg 4.3% 101.4 1% 23.6 621303 Of Man Made Fibres Kg 4.3% 110.6 1% .....

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res Piece 4.7% 25.5 1.1% 6.0 62140104 Of Silk (other than containing Noil silk) Piece 4.7% 70.2 1.1% 16.4 62140105 Of Wool Piece 3.9% 24.4 0.9% 5.6 62140106 Of Blend containing Wool and Man Made Fibre Piece 3.9% 24.4 0.9% 5.6 62140199 Of Others Piece 3.9% 24.0 0.9% 5.5 621402 Others 62140201 Of Cotton Kg 3.1% 79.9 0.7% 18.1 62140202 Of Blend containing Cotton and Man Made Fibre Kg 4.2% 99.0 1% 23.6 62140203 Of Man Made Fibres Kg 4.2% 108.0 1% 25.7 62140204 Of Silk (other than containing Noil sil .....

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Circular: Amendments in Hand Book of Procedures 2015-20 –reg.

News: Cabinet approves Extension of time period of the Scheme "Special Industry Initiative for J&K" (Sll J&K) - Udaan

Highlight: Constitution of National Anti-profiteering Authority (NAA) under GST-reg. - Trade Notice

Highlight: Amendments in Hand Book of Procedures 2015-20 –reg. - Various amendments are made in Chapter-4 of Hand Book of Procedures 2015-2020.

Forum: GST rates on mobile recharge business

Circular: Constitution of National Anti-profiteering Authority (NAA) under GST-reg.

Forum: import purchase

Highlight: Sharing of expenses - BAS - promotion of business of group companies - sharing of expenditure for common facilities cannot be treated as service by one to another in such arrangement.

News: RBI Reference Rate for US $

Forum: 3B mistake

Article: Credit of unsold stock [Section 140(3)] - Actual Credit as well as Notional Credit - Part-I - GST Transitional provisions

Circular: Certain Clarifications sought on Construction Services provided in the Real Estate Sector – reg.

News: Anti-dumping duty on import of bus/truck tyres from China

News: Fast-track GST refund, else ₹ 65K cr may be stuck: Exporters

Highlight: It is open to the Settlement Commission to use best judgment in arrival of the figure. Nonetheless it has to explain the manner in which the best judgment figure has been arrived at by the Settlement Commission - HC

Highlight: Deemed dividend u/s 2(22)(e) - advances given to societies - in the absence of legal right of the assessee in the said society the amount advanced cannot be treated as deemed income.

Highlight: When electrical installations are treated as plant and machinery the depreciation has to be allowed @ 25% as per provisions contained u/s 32

TMI Note: Capital Gain - transfer of right in the land or transfer of land itself - addition u/s 50C - Harassment to the honest tax payers

Highlight: Option to avail composition scheme under GST by electronically filing an intimation in FORM GST CMP-02 and FORM GST ITC-03 upto 30-9-2017 - See Rule 3(3A)

TMI Note: Does ICDS apply for the purposes of computing exemption u/s 11 to 13.

Highlight: Voluntary Reporting of Estimated Current Income and Advance Tax Liability - CBDT issues draft notification

TMI Note: Certain ICDS provisions are inconsistent with judicial precedents. Whether these judicial precedents would prevail over ICDS.

Highlight: Provisions of ICDS shall prevail w.e.f. AY 2017-18 to the transactional issues dealt therein over earlier judicial pronouncements.

Notification: Levy of anti dumping duty on New/unused pneumatic radial tyres with or without tubes and/or flap of rubber (including tubeless tyres) having normal rim dia code above 16 originating in, or exported from China PR

News: Voluntary Reporting of Estimated Current Income and Advance Tax Liability

TMI Note: In case of conflict between ICDS and other specific provisions of the Income-tax rules, 1962 governing taxation of income like rules 9A, 9B etc. of the Rules, which provisions shall prevail.

TMI Note: Does ICDS apply to computation of Minimum Alternate Tax (MAT) u/s 115JB of the Act or Alternate Minimum Tax (AMT) u/s 115JC of the Act.

TMI Note: Where a term has not been defined under ICDS, nor under the Act, but has different interpretations given to it by the courts in tax cases, and in ICAI Accounting Standards, which interpretation would prevail while interpreting ICDS.

TMI Note: Whether the provisions of ICDS apply to a non-resident who claims the benefit of a double taxation avoidance agreement (DTAA).

TMI Note: In case any of the ICDS provisions is contrary to a circular or press release issued by the CBDT, which would prevail over the other.

TMI Note: ICDS-I requires disclosure of significant accounting policies and other ICDS requires specific disclosures. Where is the taxpayer required to make such disclosures specified in ICDS.

Notification: Income Computation and Disclosure Standards (ICDS) - New ICDS to be effective from AY 2017-18

News: RBI Reference Rate for US $

Highlight: GST - Detention of goods under transport - discrepancy in documents - the statutory provisions provide a mechanism for adjudication following detention of goods including for the provisional release thereof pending adjudication - HC

Highlight: Reassessment - first few paragraphs of the assessment order dealt with objections and disposed of accordingly - Unfortunately, the manner in which the AO has decided the issue is wholly unsustainable in law - HC

Highlight: Business expenditure u/s 37 - liquidated damage - breach of contract terms - Expenditure was not incurred for any purpose which is an offence or which is prohibited by law - cannot be disallowed - HC

Highlight: Valuation - inclusion of reimbursement of expenses - managing participation of clients in certain mela, fairs, promotional activities etc. - They are liable to service tax on the gross amount received - They cannot restrict their tax liability to only agency commission

Highlight: TDS liability - ITAT confirmed the liability - We do not see how it is possible for us to uphold the order of the Tribunal and when it purports to decide two Appeals of the Revenue by single paragraph conclusion - HC

Highlight: Reopening of assessment - sufficiency of material available with the AO to form a belief that income chargeable to tax had escaped assessment - bogus purchases - seller refused to respond - notice would not be interfered with - HC

Highlight: Exemption u/s 11 - education activities - transport and hostel facilities surplus cannot be considered as business income of the assessee society

News: Draft Notification for insertion of new rule 39A in the Income-tax Rules, 1962 – comments and suggestions-reg.

Highlight: Genuineness of labour wages expenses, embroidery charges, fabrication expenses etc. - getting work done through small workmen who do not have any permanent place of residence - disallowance of ad hoc expenditure deleted.

Highlight: Project import - Since the goods were never used for the purpose for which it was imported, the actual user condition has been violated - Redemption fine and penalty imposed.

Highlight: Penalty u/s 112 (a) - CHA - Lack of due diligence and failure to take more precautions can not, by itself, bring in penal consequences

Highlight: Import of services - GST - The fact that those services were received outside India will not change the fact that the services have been paid for by the beneficiary appellant, who is located in India. - Demand confirmed.

Notification: SEZ for IT/ITES at Madhurwada Village, Visakhapatnam District in the State of Andhra Pradesh - denotified.

Highlight: Merely because payment is received in Indian rupee, it cannot be said that payment against export has not been received in convertible foreign exchange.



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