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TRANSCRIPT
• ISSUE - IX • VOLUME - VIII • MAY - 2013
May - 2013
1
Bizsol UPDATE May - 2013
Etymologically it would be interesting to find out
where the phrase 'brownie points' came from.
There is a strong possibility that the phrase had
originated from the land of the brown people (read
India). Watch any national tragedy being reported and
discussed on television. You would end up with the
spokespersons of various political outfits going at each
other's throats even after each of the participants
swear not to make the issue political only to break it
in the next round. Contrast it with what happened at
Boston. Promptly after the shootout the investigating
agencies were on their job in hot pursuit of the
suspects. Before you could even breathe out one was
caught and the other shot. Imagine a similar incident
happening in India (there were plenty in the recent
past). Before even the suspects are identified, the
sound bytes on live television shows would have
completed a discourse on the shades of terror -
saffron, green or red. Catching the culprits, trying
them and bringing them to justice, if it happens, are
just by-products! So much for our TV-Justice system
kangaroo-style laced as it is with political colours.
Scoring brownie points is all that matters! Coming
back to Boston, the entire operation post shootout
would do a Hollywood movie proud.
A Pope at the ripe old age of 86 decided to call it a
day and asked for the appointment of another pontiff
creating a precedence of sorts. Such a thing has
happened in the Vatican only once before. The Dutch
Queen Beatrix abdicated her throne in favour of her
son Alexander paving the way for a King in Netherland
in over one hundred years! In India power appears to
be more addictive than elsewhere. What else explains
the desire of Man Mohan Singh to aspire for a third
term as the PM of the country? He was perceived as
a decent man in an indecent profession who would
quit honourably at the first available opportunity. No
such luck either for him or for the country. After every
new controversy and corruption allegation his desire
FROM THE DESK OF THE CHAIRMAN
to cling on to power appears to be getting stronger. It
is possible that having cohabited with hardcore
politicians all these years he must have understood
the power of position - not to use it perhaps; but not
be used against. He should know that once he is out
of power he would be made the fall guy for all the
murky dealings in Delhi which have taken place under
his watch over the last couple of years even in cases
where he had only been a mute spectator. Man
Mohan Singh has been an unmitigated disaster as a
PM and he is on mission to prove it all over again.
From being a burden on our conscience he has now
become an acute embarrassment. The Indian nation
had never been at the nadir where we find ourselves
in every aspect of governance - from foreign affairs
to domestic policies. Probity in public life may be a
rare qualification in public life in India; but it should
not be counted as an output in itself when it comes to
governance. So far it was a question of the PM looking
the other way when others were making money under
his watch. Now his office has been caught red handed
meddling with the independence of agencies like CBI.
When the PM addresses the captains of industry at a
meeting of the chamber of commerce on the subject
of corporate governance or talks about the need to
eradicate corruption at Bangalore he sounds hollow,
if not ludicrous. If George Bush showed aggressive
leadership shepherding America to the brink when
he was President, here is our PM taking the country
to a one-way-alley to disaster by simply abdicating
his responsibility to lead.
Last month witnessed some enduring paradoxes and
ironies. Margaret Thatcher was buried the other day
when she died at the age of 87. The former British
Prime Minister was known as the iron lady for the
way she led the nation during her tenure. She was
arguably the most famous British PM after Winston
Churchill. However, on the day of her funeral there
were celebrations of two kinds. In UK there are those
2
Bizsol UPDATE May - 2013
who credit her for bringing back some part of the lost
glory of the Empire when she rebuilt the nation brick
by brick by breaking the back of the Unions which
she thought stood in the way of the country's
prosperity and also going to war over the sovereignty
of the British territory. In the process however, she
divided the British society as never before which was
evident when there were those celebrated her death
when the nation was celebrating her life on the day
she died. That is irony for you. Closer home is the
story of the life and death of Sarabjit Singh who was
condemned to the death row by a Pakistani court for
alleged spying. He was languishing in a prison in
Lahore for nearly three decades with politicians only
providing lip service to his cause. When he died, the
way he did, it shook the collective conscience of the
nation. There was a virtual stamped during his funeral
with so many political bigwigs not missing out on the
photo-op. Here is a case of a man condemned during
his life and made a martyr on death by the people of
his own country. What a paradox!
The city of Kolkata and the state of West Bengal were
in the news recently for all the wrong reasons. Mamata
Banerjee would have realised that it is easy to be
violent and vitriolic and organise protest rallies than
to run the administration of a state. If the death of a
young college boy called Sudipto Gupta sparked
spontaneous protests bordering on revulsion against
Mamata and her party of goons, Sudipta Sen, the
Chit Fund King has dented her carefully crafted image
of a non corrupt person. By a strange coincidence
both have homonymous first names! Judging by her
responses and reactions to the happenings in her
state, her position as a durable leader is indeed
suspect. When you do not feel genuine remorse at
the death of young boy in his teens even if you are
not responsible for it, something is amiss. Leadership
is all about empathy which comes from within
naturally and not about sympathy which prompts you
to dole out a few thousand rupees as compensation.
The Chit (read Cheat) Fund King is languishing in jail
as of now which is the only safe place for him to be in,
for if comes out, all those in Bengal who have no
option but to commit suicide after the failure of his
ponzie scheme would rather kill him before taking the
ultimate step of killing oneself. In this background the
blame game has already started with the Trinamool
blaming the Marxists for nurturing the chit-fund culture
in West Bengal. For economists, however, there is
an important lesson in this scenario. Chit Funds are
widely prevalent in large scale in three states, viz.,
West Bengal, Tripura and Kerala. Mamata says it is a
monetary mechanism designed by the Marxists. This
argument is disingenuous. No doubt, these states have
been ruled by left-leaning governments for so many
years and are fertile grounds for ponzie schemes for
obvious economic reasons. When you are
preoccupied with distribution of wealth before
generation, you have no option but to create (read
manufacture) wealth. The creation here is artificial
and is a bubble which floats as long as the chain
continues; but a bubble all the same. With the
communists preoccupied with distribution of wealth
and unable and unwilling to take steps to generate it,
artificial creation of wealth to meet the aspirations of
the states' population becomes a necessity. Realising
the inevitability of the situation, only the state of Kerala
has a reasonably robust system in place to regulate
chit funds in that state. Earlier the comrades like
Budhadeb and the quasi comrades like Mamata
understand this economic principle, the better it is for
them.
Recently the Supreme Court delivered a landmark
judgment in the case of Novartis. Though the judgment
was a bit nuanced, the impact of the apex court's
verdict was not lost anyone, especially the foreign
multinationals. Patents create short term monopolies
and justifiably so. But tinkering with the product with
cosmetic changes does not give the business such a
right which can only lead to blatant profiteering. The
Supreme Court did not question the patentability of a
product but it did make a distinction between invention
and tinkering. Contrary to the criticism in some quarters
that the verdict would discourage innovation, the
judgment on the other hand would help prevent
cosmetic changes masquerading as innovations. This
judgment in my opinion is a well conceived and a well
crafted one.
In another recent judgment, the High Court of
Chhattisgarh referred to the practice of restatement
of laws like that prevalent in the United States. In the
US where judicial precedents do not hold as much
weight as in India or the UK, the law is restated once
in ten or fifteen years taking into account all the
3
Bizsol UPDATE May - 2013
relevant case laws on all possible topics. In India this
practice will be of immense value with the plethora of
cases from various Tribunals, Courts and the
Supreme Court judgments which have the force of
law. The Indian Law Institute has undertaken the
project and has released a few recently. A
restatement policy will help both the Bench and the
Bar besides the litigants.
As we go to press the traders are still continuing with
their protests against the newly proposed/enacted
Local Body Tax (LBT) in the state of Maharashtra.
LBT has been introduced in all the corporations in
the state barring a clutch of local bodies where it is
set to roll out shortly. For the city of Mumbai the D-
day is the first of October 2013. LBT is a tax on import
of goods into a municipal area like Octroi, but with a
difference. Octroi is collected by the corporation
whereas LBT is paid by a dealer on the basis of a self
assessment. There is an element of coercion and
indecency associated with the former whereas the
latter conforms to the existing revenue laws of the
land in terms of levy and collection of tax. Octroi dates
back to the Roman Empire as a means of revenue
mobilisation which in the hands of the Indians have
ended up as the most corrupt and least efficient
revenue generation mechanism, besides costing the
exchequer huge losses on account of wastage of
precious fuel and causing untold miseries to those
who run the trucking operations. In a civilised society
Octroi is an anachronism. Abolition of Octroi has
happened after 25 years of demands and protests
by the trade and industry and after 17 committees
having gone through the issue! Industry appears to
have accepted the alternate deal to Octroi as they
are fairly used to regulations requiring compliance
even as on today for Income Tax, Central Excise,
Customs, VAT, etc. For the trade it is a Hobson's
choice. They cannot openly want to go back to Octroi
but are unwilling to subject themselves to the rigours
the new tax regime demands. But the writing on the
wall is clear - it is not whether but when the new system
would get off the ground after the teething troubles.
We at Bizsol are ready with our training modules and
the software backup to help our clients to implement
LBT both in letter and spirit, compliance being our
watchword as always.
Thank you.
Venkat R. Venkitachalam
4
Bizsol UPDATE May - 2013
CUSTOMS
Notifications
Anti Dumping
• Modification of rates of anti-dumping duty on
Carbon black used in rubber applications,
originating in, or exported from the People's
Republic of China, Thailand, Russia and Australia
which is valid up to the 29th July, 2014 and shall
be payable in Indian currency.[Notification No.
09/2013-CUS (ADD) Dated 26/04/2013]
• Imposition of definitive anti-dumping duty on
Plain Gypsum Plaster Board originating in or
exported from China PR, Indonesia, Thailand and
UAE for a period of five years from the date of
imposition of the provisional anti-dumping duty,
i. e. 7th June, 2012. [Notification No. 06/2013-
CUS (ADD) Dated 12/04/2013]
• Extension of anti-dumping duty imposed on
imports of 'Sulphur Black', Originating in or
exported from People's Republic of China for a
further period of one year i. e. up to and inclusive
of 10th April, 2014 [Notification No. 05/2013-
CUS (ADD) Dated 10/04/2013]
• Extension of anti-dumping duty imposed on
imports of 'Sodium Nitrite', originating in, or
exported from, European Union for a further
period of one year i. e. up to and inclusive of
10th April, 2014 [Notification No. 04/2013-CUS
(ADD) Dated 10/04/2013]
Safeguard Duty
• No New Notifications.
Tariff
• Basic Custom duty, additional custom duty(CVD),
Special additional duty (SAD) payment can be
effected through debiting the duty free scrip
under Focus Market Scheme, VKGUY Scheme,
Focus Product Scheme and such debit made on
such duty free scrip will be accepted as
compliance and recipient of service will be
entitled for availing Cenvat credit or availing
drawback. [Notification No. 24/2013-CUS
Dated 18/04/2013]
• Payment of Basic Custom duty, additional custom
duty(CVD), Special additional duty (SAD), when
goods are cleared against a Post Export EPCG
duty credit scrip issued by the Regional Authority
in accordance with paragraph 5.11 of the Foreign
Trade Policy. [Notification No. 23/2013-CUS
Dated 18/04/2013]
• New Notification is issued for import of capital
goods under ZERO duity EPCG scheme in line
with new provisions of Chapter 5 of Foreign Policy
announced on 18th April,2013. [Notification No.
22/2013-CUS Dated 18/04/2013]
• Exemption vide notification 12/2013 has been
further extended to the items Embroidery
threads, Sewing threads, Poly wadding materials,
Quilted wadding materials as well as Printed bags
inserted in entry No.284 and items PVC leather
cloth for inflatable balls or sports gloves, Latex
foam for shin guard or goal keeper gloves or
other sports gloves, PEVA / EVA foil for shin
guard or sports gloves, Stitching thread for
inflatable balls or sports gloves, Printing ink for
inflatable balls or sports gloves inserted in entry
No.521 as well as the Item 'Synthetic Rubber
bladder' substituted by item 'PVC / Synthetic
Rubber bladder for inflatable balls', Item 'PU
Leather Cloth/PU Laminated with cotton for
inflatable balls; has been substituted by item 'TPU
/ PU leather cloth or TPU / PU laminated with
cotton, for inflatable balls' [Notification No. 21/
2013-CUS Dated 18/04/2013]
5
Bizsol UPDATE May - 2013
• 'Kattupalli (Tamil Nadu) port has been added in
the list of ports permitted for exports and imports
and accordingly notifications 53/2003, 54/2003,
90 to 97/2004, 32/2005, 41/2005, 89/2005, 40/
2006,73/2006, 90/2006, 91/2006, 14/2009, 91
to 104/2009, 112/2009, 05/2013 and 6/2013 has
been amended [Notification No. 20/2013-CUS
Dated 03/04/2013]
• Now the goods imported from Republic of Yemen
are also fully exempted except the goods listed
in Appendix I & II. [Notification No. 19/2013-
Cus dated 02/04/2013]
Non-Tariff
• Tariff value (US $ per Metric Tonne) of the goods
Crude Palm Oil, RBD Palm Oil, Others Palm Oil,
Crude Palmolein, RBD Palmolein, Others
Palmole in, Crude Soyabean Oil, Brass Scrap
(all grades), Poppy Seeds as well as Gold and
Silver has been revised. [Notification No.
51/2013-Cus (NT) Dated 30/04/2013,
Notification No. 39/2013-CUS (NT) Dated
17/04/2013 & Notification No. 38/2013-Cus
(NT) Dated 15/04/2013]
• Revised format of CA-3, CA-4 and CA-5 (format
of final appeals and cross objections before
Hon'ble CESTAT) have been revised w.e.f. 01/
06/2013. [Notification No. 37/2013-Cus (NT)
Dated 10/04/2013]
Circulars
• SAD debited through DEPB scrip was also entitled
for refund of SAD and procedure was prescribed
under Circular No 10/2012 which has been
further extended up to 30/09/2013 as final
extension. [Circular No. 18 /2013-Cus dated
29/04/2013]
• There is lack of uniformity in classification of Steel
Columns, poles, towers and articles of like nature
under the Customs Tariff Act (CTA), 1975. In
order to ensure uniformity in classification of
similar / identical goods the issue is clarified that
the appropriate heading for classification of
"octagonal steel columns for lamp posts", as steel
posts for outdoor lighting purposes (public street
lighting) and like products is in heading 73.08,
as steel structures, and more precisely in the
subheading 7308.90, tariff item 73089090, by the
application of the General Rules for the
Interpretation (GRI) of Import Tariff, Rules 1 and
6. [Circular No. 17 /2013-Cus dated 11/04/
2013]
• The facility-wise (Sea Port, Air Cargo Complexes,
Courier Terminals and Diamond Plaza) staffing
norms for the posting of Customs staff on cost
recovery basis as well as the norms for eligibility
for grant of exemption from payment of cost
recovery charges for such Customs staff are
declared. [Circular No. 16/2013-Cus dated 10/
04/2013]
• Import of pets upto 2 numbers per per passenger
will be permitted only to persons transferring their
residence to India after two years of continuous
stay abroad in terms of Baggage Rules 1998
subject to production of the required health
certificate from the country of origin and
examination of said pets by the concerned
Quarantine Officer at this end. This new
dispensation shall come into force with effect from
15th April 2013. Import of animals (pets) in
general would continue to be governed by DGFT
policy. [Circular No. 15/2013-Cus dated 08/04/
2013]
• Board has clarified that import of seconds/
secondary/defective/offcut Hot Dipped
Galvanized Steel sheets/coils are not permitted
as per the Quality Control Order of Ministry of
Steel. [Circular No. 14/2013-Cus dated 05/04/
2013]
• It has been clarified that The low-noise-block
(LNB) down converter would be appropriately
classifiable in heading 85.43, more specifically
in subheading 8543.70, tariff item 854370 99.
[Circular No. 13/2013-Cus dated 05/04/2013]
Instructions
• No New Instructions.
CENTRAL EXCISE
Notifications
Tariff
• Payment of Excise Duty, special additional duty
and Additional duties of Excise levied under the
6
Bizsol UPDATE May - 2013
(Textile and Textile Articles) Act 1978, when
goods are cleared against a Post Export EPCG
duty credit scrip issued by the Regional Authority
in accordance with paragraph 5.11 of the Foreign
Trade Policy. [Notification No. 14/2013- CE
dated 18/04/2013]
• Excise duty payment can be effected through
debiting the duty free scrip under Focus Market
Scheme, VKGUY Scheme, Focus Product
Scheme and such debit made on such duty free
scrip will be accepted as compliance and
recipient of service will be entitled for availing
Cenvat credit or availing drawback. [Notification
No. 15/2013- CE dated 18/04/2013]
Non-Tariff
• Revised format of EA-3, EA-4 and EA-5 (format
of final appeals and cross objections before
Hon'ble CESTAT ) have been revised w.e.f. 01/
06/2013. [Notification No. 06/2013- CE (NT)
dated 10/04/2013 and Circular No. Circular
No.969/03/2013-CX dated 11/04/2013]
SERVICE TAX
Notifications• Service Tax payment can be effected through
debiting the duty free scrip under Focus Market
Scheme, VKGUY Scheme, Focus Product
Scheme and such debit made on such duty free
scrip will be accepted as compliance and
recipient of service will be entitled for availing
Cenvat credit or availing drawback. [Notification
No. 6,7 & 8/2013 Dated 18/04/2013]
• Revised format of S.T.-5, S.T.-6 and S.T.-7
(format of final appeals and cross objections
before Hon'ble CESTAT) have been revised
w.e.f. 01/06/2013. [Notification No. 5/2013
Dated. 10/04/2013]
Order
• Last date of filing half yearly return ST - 3 (1st
October 2012 to 31st March 2013) has been
extended from 25th April, 2013 to 31st August,
2013 and it will be available online and the same
has to be filled online on ACES website around
31/07/2013.[Order No.03/2013-Service Tax
Dated.23rd April, 2013]
• The date of submission of the Form ST-3 for the
period from 1st July 2012 to 30th September
2012, had been extended from 15th April, 2013
to 30th April, 2013. [Order No.02/2013-Service
Tax Dated. 12/04/2013]
Circular
• Erection of pandal and shamiana by a service
provider will be considered as declared service
under Section 66E (8)(f) of Finance Act, 1994
as amended since, possession and control of
such Pandla and shamiana remains with service
provider. Clarification has been provided based
on ratio laid down by Hon'ble Supreme Court in
case of BSNL Vs. UOI [2006] 3 STT 245 and
hence service provider of pandal and shamiana
have to pay service tax. [Circular No. 168/3 /
2013 - ST Dated. 15/04/2013]
FOREIGN TRADE POLICYHon'ble Ministry of Commerce notified Foreign
Trade Policy =, Handbook Of Procedures
applicable w.e.f. 18/04/2013 on 18/04/2013.
Changes effected on said account have been
separately given in this Bizsol update issue.
Notifications• The quality parameters for allowability for imports
of following items has been notified.
Sr. Quality Parameter Value
No.
(i) Free fatty Acids: <0.10% (as Oleic Acod)
(ii) Moisture: <0.5%
(iii) Perozide value (PV): <10 milli equivalent/kg of oil
(iv) Eicosapentaenoic Acid Not less than 5% by weight
EPA + Docosaphexaenoic
Acid DHA:
(v) Trans fat: <0.1%
[Notification No 11 (RE-2013)/2009-2014,
Dated 22/04/2013]
7
Bizsol UPDATE May - 2013
• Since, the applicability of Policy Condition already
finds a mention against the relevant 8 digit codes.
Hence, the portion mentioned in the bracketed
portion is not required. [Notification No 10 (RE-
2013)/2009-2014, Dated 22/04/2013]
• Import policy has been revised for certain items
in Chapter 29 and Chapter 38 is revised from
'restricted' to 'free' as such items contains Ozone
Depleting Substances (ODS) and certain items
in Chapter 29 and Chapter 38 is revised from
'free' to 'restricted' as such items does not
contains Ozone Depleting Substances (ODS). A
revised list of countries which are parties to the
Montreal Protocol under Appendix IV to Schedule
1 is notified. [Notification No 09 (RE-2013)/
2009-2014, Dated 22/04/2013]
• Existing grievance redressal provisions specified
in para 2.49(2)has been replaced. Provision for
Personal Hearing has been made. Importers/
Exporters may make a specific request for
personal Hearing to DG if following conditions
are satisfied:
i. If an importer/exporter is aggrieved by any
decision taken by Policy Relaxation
Committee (PRC), or a decision/order by
any authority in the Directorate General of
Foreign Trade, and
ii. a request for review before the said
Committee or Authority has been filed,
iii. such Committee or Authority has
considered the request for a review, and
iv. the exporter/ importer continues to be
aggrieved.
The decision made in pursuance of such
Personal Hearing shall be binding and final.
However the opportunity for Personal Hearing
will not apply to a decision/order made in any
proceeding, including an adjudication proceeding
under the relevant provisions of F.T.(D&R) Act,
1992. [Notification No 08 (RE-2013)/2009-
2014, Dated 22/04/2013]
Public Notice
• The effective date of affixing barcodes on Primary
Level packaging from 01/07/2013 to 01/07/2014.
[Public Notice No. 53 (RE-2002)/2009-2014,
Dated 05/04/2013]
• Export of 8,587 MTs of raw cane sugar through
M/s. Indian Sugar Exim Corporation Ltd has
been permitted, out of non-levy(free sale) quota
under tariff rate quota(TRQ) to USA for the US
fiscal year 2013 (October 1, 2012 to September
30, 2013). [Public Notice No 53 (RE-2002)/
2009-2014, Dated 05/04/2013]
Trade Notice
• Alignment in the item description of Vishesh Krishi
and Gram Udyog Yojna, Focus Product Scheme
(FPS) and Market Linked Focus Product Scheme
with the ITC (HS)classification of export and
import item has been made and prepared a draft
corrected Appendices. The draft appendix will
be available on the website of DGFT
www.dgft.gov.in up to 17/05/2013. Feedback /
suggestion on the above draft has been
requested from all stakeholder. [Trade Notice
No 01/2013, Dated 18/04/2013]
SEZ
• Draft guideline to regulate functioning of Worn
and Used clothing and plastic recycling units in
SEZs have been put on the website
www.sezindia.nic.in.
INCOME TAX
Notifications• Agreement for Exchange of Information with
respect to taxes with Gibraltar under section 90
of the Income Tax Act, 1961 w.r.t Double
Taxation Agreement is made effective from 11th
march 2013. [Notification No.
28/2013[F.No.503/11/2009-FTD-I], Dated 1-4-
2013]
• The variation between the arm's length price
determined under transfer pricing provisions and
the price at which the international transaction
or domestic transaction has undertaken does not
exceed 1% of the latter for the whole sale dealers
and 3% of the latter for the others, the price at
8
Bizsol UPDATE May - 2013
which the transaction has been taken place shall
be considered as the Arm's Length Price for AY
2013-14. [NOTIFICATION NO. 30/2013
[F.NO.500/85/2011-FTD-I], DATED 15-4-2013]
• Officers of the rank of Joint Director and above
serving in Directorate of Enforcement,
Department of Revenue, Ministry of Finance,
Government of India, who are performing
functions under the Foreign Exchange
Management Act, 1999 and the Prevention of
Money Laundering Act, 2002, are notified for the
purpose of disclosure of information respecting
assesses u/s 138 of the Income Tax Act, 1961.
[NOTIFICATION NO. 32/2013 [F.NO.225/62/
2013-ITAT.II], DATED 18-4-2013]
• ISSUANCE OF TDS CERTIFICATE :- All the TDS
Certificates shall have a unique TDS Certificate
number. Form No. 16 shall be issued by all the
deductors, only by generating it through TRACES
Portal and after duly authenticating and verifying
it. [CIRCULAR 4/2013 -F.No 275/34/2011-IT(B)
DATED 17/4/2013]
MAHARASHTRA VATNo new notifications!!
COMPANY LAW
Notifications:
No new notifications!!
Circulars
• Time limit for filing & relaxation of additional fees
as provided vide General Circular No.03/2013
for filing of various forms with MCA for the forms
which have been ought to be filed post transition
of MCA-21 w. e. f. 17th January 2013 has been
extended up to 15th April 2013. [General
Circular No.08/2013 dated 20/03/2013]
LOCAL BODY TAX
Rules Description Earlier ProvisionAmendment- as per Notification No. LBT-2013/CR-39/UD-32 dated 25-04-2013
R 1 Change ofRule
Bombay Provincial Municipal Corporation (LocalBody Tax) Rules 2010
Maharashtra Municipal Corporations (Local BodyTax) Rules, 2013
R 3 Who isrequired to
obtainregistration?
A Dealer having A Dealer having
• A Dealer other than importer having • A Dealer other than importer having
• the turnover of sales / purchases is equal to ormore than Rs. 1 lac
No change in case of Population below20 Lakhs
Rs. 3 Lakhs, In case of Population is equal to ormore than 20 Lakhs ( As per Census 2011)
• the turnover of sales / purchases is equal to ormore than Rs.1.5 lacs
No change in case of Population below 20Lakhs
Rs.4 Lakhs, In case of Population is equal to ormore than 20 Lakhs ( As per Census 2011)
R 19 Dealer toMaintainCertainRegister
Dealers to maintain register of Purchase andreceipt of goods on transfer basis in Form D
Dealers to maintain register of Purchase andreceipt of goods on transfer basis in Form D,Provided that the dealer may maintain said registerin computerised form & in such case bound toproduce relevent documents maintained underMVAT Act 2002, when so demanded byCommissioner for examination.
R 28 Exemption • Grinding, dying, bleaching, painting, printing, finishing,stentering, embroidering, doubling, twisting, metalizing,electroplating, ii)building & mounting bodies of chassis overvehicle of all kinds and shall also include such otherprocess es as may be approved by the Commissionerfrom to time will only be considered as job work. Anddecision of Commissioner will be final
• The word "shall also include such otherprocesses as may be approved by theCommissioner from to time' is deleted & theword "any processes as may be approvedby the commissioner, from time to time" isadded.
9
Bizsol UPDATE May - 2013
Rules Description Earlier ProvisionAmendment- as per Notification No. LBT-2013/CR-39/UD-32 dated 25-04-2013
R 29 Submissionof Returns
• The dealer opting for lumpsum payment to fileonly Annual returns within 15 days
• The dealer opting for lumpsum payment shallbe exempted from submission of any return.
R 33 Assessmentof LBT
• Assessment case record shall be preservedfor TEN years
• Assessment case record shall be preservedfor FIVE years
R 40 Payment ofLBT
• Due date 10th day of subsequent month • Due date 20th day of subsequent month
R 45 Power towithholdRefund
Following sub section is added:-
1) "The Commissioner shall not accord hisapproval to withholding the refund only, if heis of opinion that on conclusion of such appeal,further or other proceedings, if it becomesnecessary to recover the amount of refund infull or in part then it may not be otherwisepracticle or possible so to do in any reasonableperiod of time: provided further that, no orderwithholding the refund shall be made after theexpiry of ninety days from the date of serviceof order giving rise to the said refund."
2) "Where refund is with held under sub-rule (1),the commissiner shall pay simple interest attwelve percent on the amount of refundultimately determined to be due to the personas a result of the appeal or further proceeding,or any other proceeding for the periodimmediately following the expiryof ninety daysfrom the date of service of the order referred insub section (1) to the date of reund"
R 48 Imposition ofpenalty andinterest in
certain cases
• Penalty for non- issuance of bill / invoice / cashmemo - Double the amount of LBT payable.
• Penalty for non- issuance of bill / invoice / cashmemo - Equal to the amount of LBT payable.
• On failure of obtaining registration - 10 timesof LBT payable
• On failure of obtaining registration - 5 times ofLBT payable
• Complying with the notices, Rs. 10,000 • Complying with the notices, Rs. 5,000
• failure to disclose the importation of goods, toclaim inaccurate deductions / refunds - 5 timesof LBT payable
• failure to disclose the importation of goods, toclaim inaccurate deductions / refunds -2 times of LBT payable
• Simple interest @ 2% per month for first 12months and 3% per month when personcontinues to make default
• The word "for first 12 months" is deleted. i.e.Simple interest @ 2% per month will beimposed when person continues to makedefault
• Knowingly issue or produces Bill/Cash Memoetc which is not true & not liable for payment ofLBT or LBT at lower rate. Penallty twice theamount of LBT due in case of first occasion &five times of LBT amount for second &subsequent occasion.
• Penallty "equal to the the amount of" LBT duein case of first occasion & "two times" of LBTamount for second & subsequent occasion.
• Wrong declaration, False certificate or falsedeclaration - 5 times of LBT
• Wrong declaration, False certificate or falsedeclaration - 2 times of LBT
• Contravention to provisions of 152G- Penaltynot exceeding "Double the amount of suchbill or Cash mEmemo should have beenissued.
Word double is deleted
1 0
Bizsol UPDATE May - 2013
Circular NumberDate of
IssueDepartment Subject Meant for
RBI Circulars April - 2013
FEMA / RBI
RBI/2012-2013/481A.P. (DIR Series)Circular No. 100
25.4.2013 Foreign ExchangeDepartment
Overseas Direct Investments- Clarification
All Category-IAuthorised DealerBanks
RBI/2012-2013/480A.P. (DIR Series)
Circular No. 99
23.4.2013 Foreign ExchangeDepartment
Investment by Navratna PublicSector Undertakings (PSUs),OVL and OIL in unincorporatedentities in oil sector abroad
All Category - IAuthorised DealerBanks
RBI/2012-2013/475A.P. (DIR Series)
Circular No. 98
9.4.2013 Foreign ExchangeDepartment
Trade Credits for Imports intoIndia - Review of all-in-costceiling
All Category - IAuthorised DealerBanks
RBI/2012-2013/474A.P. (DIR Series)
Circular No. 97
9.4.2013 Foreign ExchangeDepartment
Exim Bank's Line of Credit ofUSD 76.50 million to theGovernment of the Republic ofMalawi
All Category - IAuthorised DealerBanks
RBI/2012-2013/473A.P. (DIR Series)
Circular No.96
5.4.2013 Foreign ExchangeDepartment
Memorandum of Instructionsgoverning money changingactivities
All Authorised Persons
RBI/2012-2013/471A.P. (DIR Series)
Circular No. 95
4.4.2013 Foreign ExchangeDepartment
Deferred Payment Protocolsdated April 30, 1981 andDecember 23, 1985 betweenGovernment of India anderstwhile USSR
All Category - IAuthorised DealerBanks
RBI/2012-2013/465A.P. (DIR Series)
Circular No.94
1.4.2013 Foreign ExchangeDepartment
Foreign investment in India bySEBI registered FIIs inGovernment Securities andCorporate Debt
All Category - IAuthorised DealerBanks
RBI/2012-2013/464A.P. (DIR Series)
Circular No. 93
1.4.2013 Foreign ExchangeDepartment
Exim Bank's Line of Credit ofUSD 15 million to theGovernment of the Republic ofBenin
All Category - IAuthorised DealerBanks
RBI/2012-2013/463A.P. (DIR Series)
Circular No. 92
1.4.2013 Foreign ExchangeDepartment
Exim Bank's Line of Credit ofUSD 5 million to Banco ExteriorDe Cuba
All Category - IAuthorised DealerBanks
RBI/2012-2013/462A.P. (DIR Series)
Circular No. 91
1.4.2013 Foreign ExchangeDepartment
Exim Bank's Line of Credit ofUSD 42 million to theGovernment of the Republic ofCameroon
All Category - IAuthorised DealerBanks
RBI/2012-2013/461RPCD. RCB. RRB.AML. BC. No. 71/07.51.018/2012-13
1.4.2013 Rural Planningand Credit
Department
Know Your Customer (KYC)norms /Anti-Money Laundering(AML) Standards/ Combatingof Financing of Terrorism(CFT)/Obligation of banksunder Prevention of MoneyLaundering Act (PMLA), 2002- Simplifying norms for Self HelpGroups
The Chairmen / CEOs ofall Regional Rural Banks/State and Central Co-operative Banks
1 1
Bizsol UPDATE May - 2013
CBEC Notified Exchange Rate for Conversion of Foreign Currency w.e.f.3rd May, 2013 (Notification 52/2013-Customs (N.T.) dt. 02.05.2013)
SCHEDULE-I
S.No. Foreign Currency
Rate of exchange of one unit of foreign currency
equivalent to Indian rupees
(For Imported Goods) (For Export Goods)
1. Australian Dollar 56.85 55.30
2. Bahrain Dinar 147.95 139.60
3. Canadian Dollar 54.25 52.90
4. Danish Kroner 9.65 9.35
5. EURO 71.90 70.05
6. Hong Kong Dollar 7.05 6.90
7. Kenya Shilling 66.80 62.65
8. Kuwait Dinar 196.20 184.80
9. New Zealand Dollar 47.00 45.75
10. Norwegian Kroner 9.45 9.15
11. Pound Sterling 84.85 82.95
12. Singapore Dollar 44.45 43.40
13. South African Rand 6.20 5.85
14. Saudi Arabian Riyal 14.85 14.05
15. Swedish Kroner 8.40 8.15
16. Swiss Franc 58.60 56.95
17. UAE Dirham 15.20 14.35
18. US Dollar 54.65 53.70
S.No. Foreign Currency
Rate of exchange of 100 units of foreign currency
equivalent to Indian rupees
SCHEDULE-II
(For Imported Goods) (For Export Goods)
1. Japanese Yen 56.05 54.60
1 2
Bizsol UPDATE May - 2013
New Business Strategy in the Era of NewNew Business Strategy in the Era of NewNew Business Strategy in the Era of NewNew Business Strategy in the Era of NewNew Business Strategy in the Era of New
FFFFForeign Toreign Toreign Toreign Toreign Trade Prade Prade Prade Prade Policyolicyolicyolicyolicy
By CMA Ashok NawalContact: +91 9890165001 • E-mail: [email protected]
Hon'ble Ministry of Commerce has announced New
Foreign trade Policy (FTP) which was long awaited
especially on the background of Budget speech
wherein Hon'ble Finance Minister P. Chidambaram
stated that:
Quote
I look forward to the changes that will be made to the
Foreign Trade Policy next month and I assure my
support to measures that will be taken to boost
exports of goods and services.
Unquote
It was expected by the Trade there will be substantial
benefits and incentives which will be offered to the
exporters. Moreover it was also expected that the task
force which was set up for revamping the EOU
scheme and recommendation were released by then
Secretary, Ministry of Commerce after acceptance will
find the place in the New FTP. It was also expected
that huge investments made in SEZ by FDI & Other
entrepreneurs who are almost idle will have green
signal and there will be promotion by withdrawing
certain provision like imposition of MAT and limitation
factor to start commercial production for availing
income tax exemption under Section 10AA of Income
Tax or 80IAB of Income Tax Act 1961.
However, marginal relief was given to the exporters
by way of enhancing the products in Focus Product
Scheme, including some countries in Focus Market
Scheme and extending the period till end of 2014 for
Incremental Export Incentivization Scheme.
Now, there is a need to focus Business Strategy for
enhancing exports through competiveness by availing
benefits offered through such schemes.
A. Procurement of Capital goods :
If maximum benefits needs to be achieved,
benefit under EPCG Scheme needs to be
availed. Major changes in the EPCG Scheme
are :
1. 3% EPCG Scheme has been dispensed with
and Zero Duty EPCG Scheme made
applicable for all products
2. No second hand capital goods can be
imported under EPCG Scheme
3. Imports of capital goods can be made within
18 months
4. Export obligations through alternate
products or export of Group companies not
permitted under EPCG
5. Textile units under Technology Up-
gradation Fund Scheme can also avail Zero
Duty EPCG Scheme
6. No motor cars / SUV can be imported under
EPCG Scheme by service providers
7. Reduced Export Obligation if goods
procured from Indian manufacturers against
invalidation
8. Reduced Export Obligation to the extent of
25% to the exporters of Jammu & Kashmir
It means benefit under Zero Duty EPCG Scheme
needs to be taken and save custom duty to the
extent of 3% which was otherwise payable.
However, no second hand capital goods can be
imported under EPCG scheme.
When procurement of capital goods is envisaged,
comparative benefit under Post Export EPCG
scheme also needs to be evaluated to avoid the
risk of achieving the export obligation since now,
export obligation through alternate product or
export of group companies will not be permitted
under EPCG Scheme. Unfortunately, EPCG
Authorization needs to be applied and obtained
prior to import of capital goods or spares or
domestic procurement thereof, since
corresponding notification 23/2013 CUS dated
18.04.2013 provides the pre-condition of
registration of such authorization prior to
procurement.
I strongly recommend to optimize the benefit
under EPCG Scheme no sooner Capital
1 3
Bizsol UPDATE May - 2013
Expenditure Budget (CAPEX) is finalised or
procurement of capital goods or indigenous are
planned. Fortunately, there is no change in
Chapter 8 of FTP, for extending deemed export
Benefit to the supplies against EPCG
Authorization. Such supplies will still be entitled
for :
1. Refund of terminal excise duty
2. Deemed export duty drawback
3. Import under Advance Authorization / DFIA
for free imports on raw materials,
components of capital goods thereby
reducing cost of such procurement.
Moreover, there will be reduced obligation to the
extent of 10% when goods are procured
ingeniously against EPCG Authorization.
B. Business expansion plan
Units located in Arunachal Pradesh, Assam,
Manipur, Meghalaya, Mizoram, Nagaland,
Sikkim, Tripura and Jammu & Kashmir, specific
EO shall be 25% of the EO, as stipulated in Para
5.1 or Para 5.2, as applicable. There shall be no
change in average EO as stipulated in Para 5.5,
if any
However, Cost benefit analysis of logistic cost
vis-à-vis reducing the export obligation can be
evaluated or if company having multiple units and
import capital goods in such area and after
completing export obligation can transfer such
goods to any other plant in India.
C. Marketing Focus
Following schemes are implemented under
Promotional measures:
1. Vishesh Krushi and Gram Udyog Yojana (
VKGUY) (Special Agriculture and Village
Industry Scheme)
2. Focus Product Scheme (FPS)
3. Focus Market Scheme (FMS)
4. Market Link Focus Product Scheme
(MLFPS)
5. Status Holder Incentive Scheme (SHIS)
6. Serve from India Scheme (SFIS)
7. Agri- Infrastructure Incentive Scheme (AIIS)
Government of India is focusing only on giving
some relief to such schemes which is mainly with
the object to have the level playing to the extent
of cost of market development and additional
logistic cost on account of distant market.
Therefore, in this year also, Ministry of Commerce
have enhanced the scope including number of
products and number of amrkets. Highlights are
given below:
1. Norway and Venezuela has been added
under Special Focus Market Scheme
2. 126 products including engineering,
electronics, chemicals, pharmaceuticals and
textile sectors have been added under
Focus Product Scheme
3. 47 new products from engineering, auto
components and textile has been added
and Brunei and Yamen has been included
in Market Link Focus Product Link
4. Additional incentive on export of High Tech
Products will be separately notified by
30.06.2013
5. Morbi (Gujarat) has been notified as Town
of Excellence for Ceramic Tiles and
Gurgaon, Haryana for Apparels Exports
Similarly, Incremental Export Incentivization
Scheme has been also made applicable for
exports to USA, European Union and ASIA and
extended for the year 2013-14 and calculation
will be done on annual basis. Additional 53
countries have been included in the Scheme
Duty Free Scrip availed from above schemes can
be utilized either for payment of custom duty
including basic custom duty, additional duty
(CVD), special additional duty (SAD) or payment
of Central Excise Duty on clearance of excisable
goods or payment of service tax and facility to
avail Cenvat Credit on such debits in duty free
scrip in also extended or drawback can also be
claimed against such debits made in Duty Free
Scrips, This will definitely help in better liquidity
in the hands of exporters.
D. Export Oriented Units (EOU) / Software
Technology Park Units (STP) / Electronic
Hardware Technology Park (EHTP) /
Biotechnology Park (BTP)
Lot of relief was expected but there was total
disappointment to all the units. There was high
expectation that there will be lot of changes with
the focus to revamp this scheme. However, they
1 4
Bizsol UPDATE May - 2013
are at the jolt on account of following
amendments:
1. Such units were earlier entitled to get refund of
central excise duty paid by their suppliers under
Chapter 8 of FTP. However, now they will not be
entitled for refund of terminal excise duty and
they will have to issue CT 3 without payment of
duty and therefore, there may be accumulated
Cenvat Credit which cannot be refunded under
Rule 5 of Cenvat Credit Rules, 2004 since Central
Excise Department is of the view that refund
under Rule 5 of Cenvat Credit Rules, 2004 can
be granted only against physical exports and not
against deemed exports even though there are
certain tribunal decisions to allow in case goods
are finally exported by EOU but it is the matter of
litigation therefore supplier to EOU may consider
this as a cost which will be included in the value
of goods supplied to EOU therefore defeating
the objective that taxes should not get exported
directly or indirectly.
2. Para 6.18(d) of FTP allows EOU to exit from EOU
Scheme, i.e. opt of debonding and an EOU//
EHTP/STP/BTP unit may also be permitted by
the Development Commissioner, to exit from the
scheme on payment of duty on capital goods
under the prevailing EPCG Scheme as a one
time option. This will be subject to fulfilment of
the eligibility criteria under that Scheme and
standard conditions indicated in Handbook
(Vol-I).
Now, Regional DGFTs have already started
rejecting EPCG authorisation to EOUs and
disallowing the benefit granted under Para 6.18
(d) of FTP o the ground that second hand goods
can be imported under EPCG Scheme. They
wrongly treat such conversion at par with fresh
imports and treat capital goods even though
these might have imported new in EOU Regime
and thereby adding to cost of exit from EOU, even
though such units are ready to take export
obligations.
However, some marginal relief has been given
to STPI units allowing Person(s)/employee(s)
authorized by a unit of (i) IT related EOU or (ii)
STP or (iii) EHTP or (iv) BTP may work from a
place outside the said unit, subject to the following
conditions:
(a) There must be an Authorization from the
unit specifying the duration of such
authorization.
(b) Responsibility for carrying out the work and
supervision, if any, is that of the unit, which
will be liable for any misuse.
(c) Export of the resultant products/ services
would take place only from the premises of
the unit
E. Interest Subvention Scheme has been
extended upto 31.03.2013 and additional 134
sub sectors of engineering have been added
and also continued for handicraft, handloom,
carpets, readymade garments, sports goods
and toys and processed agricultural
products
This benefit ought to have extended to all sectors
and it is expected RBI will issue necessary
notification to extend the benefit under Interest
Subvention Scheme,
F. Special Economic Zone (SEZ)
They were high expectations to extend income
tax benefit under section 10AA for those who are
planning to start commercial production on or
before 31.03.2016. At present, this benefit is
available only to those units who will start their
commercial production on or before 31.03.2014.
It was further expected that provisions of MAT
will be dispensed with or it will be reduced to 7.5%
than that of 18.5%, but only few changes has
been announced but still not notified even after
18 days of announcement.
1. Requirement of land for setting SEZ has
been made 50% of the existing minimum
limit
2. Sector specific SEZ can have the sectorial
Broad banding for similar and related area
3. Pre-existing structure not in commercial use
can be considered for notifying the SEZ
without any duty benefit thereon, i.e. existing
structure
4. Minimum land area of 10 hectors of IT &
ITES SEZ has been dispensed with
reduction in built up area by 50% in CLASS
B cities and 75% in CLASS C Cities
5. Exit Policy for SEZ Unit has been permitted
by way of transfer of ownership or sale
However, such type of small amendments may
not yield the positive result for re-surging the
economy and boost the export.
1 5
Bizsol UPDATE May - 2013
CENTRAL EXCISEv Pre-deposit during pendency of appeal can
be made from Cenvat account: Debit of pre-
deposit in cenvat account in pursuance of Stay
Order, recognized as valid pre-deposit by
Tribunal under Section 35F ibid. No objection
raised by revenue at that time nor later during
final hearing of appeals and also during Civil
Appeal before Apex Court, against acceptance
of debit in Cenvat account. Number of Tribunal
Decisions accepting pre-deposit through debit in
Cenvat Account. Assessee only carrying out
order of tribunal. Revenue should have raised
objection before Tribunal during course of
adjudication instead of issuing show cause notice
during pendency of appeals showing scant
respect for Tribunal's Orders. SCN and all
proceedings pursuant thereto set aside.
[2013(290) ELT 112 (Tri.-Bang.)]
v Cenvat Credit permissible even when
manufacturer issuing invoice not traceable:
Original manufacturer of Grey fabrics registered
with Central Excise authority and filing returns.
Impugned invoices signed by them and
accounted for in returns. However, department
inquiry revealing they never existed. No dispute
that purchaser from them had suffered duty and
paid the amounts through cheques. Purchaser
supplied goods to assessee for job work, who
took the impugned credit. It is held that impugned
invoices were genuine. They cannot be said to
be fake or fraudulent merely because
manufacturer could not be found. Credit taken
by assessee was not required to be reversed,
and more so as they were not even alleged to
be party to fraud. Once receipt of goods by person
taking credit was not disputed and necessary
invoices were issued, he is entitled to take credit
provided he had taken reasonable steps
described in Rule 7(2) of CCR 2004 ensuring
that goods are duty paid as indicated in
accompanying documents. [2013(290) ELT 61
(Guj. HC)]
v Endorsed Bill of Entry held valid document
for availing Cenvat Credit: CVD paid on goods
received from importer under endorsed Bill of
Entry. No Specific provision of law for
endorsement of Bills of Entry for availing Cenvat
Credit. No such provision under rule 9 of Cenvat
Credit Rules, 2004. [2013(290) ELT 108 (Tri.-
Bang.)]
v Delivery challans by job workers indicating
quantity dispatched is sufficient evidence of
receipt back of inputs into factory Cenvat
Credit cannot be denied: Inputs directly
delivered to job workers for conversion into
intermediate product. Evidence of receipt back
of inputs by assessee from job workers. Delivery
challans by job workers indicating quantity
dispatched to assessee are prescribed
documents and sufficient evidence of receipt back
of inputs into factory. Eligibility of Cenvat Credit
upheld. [2013(290) ELT 95 (Tri.-Ahmd.)]
v Mere shortages detected at the time of stock
verification as well as statement recorded
during survey is not a conclusive piece of
evidence for clandestine removal: Shortages
detected at the time of visit of the officers.
Managing director accepted shortages and paid
duty accordingly. No acceptance of clandestine
removal in the statement and shortages
attributed to the wrong reporting by unskilled
labour. Evidentuary value attached to said
statement has to be assessed in the light of other
corroborative evidences. No other evidence to
reflect upon the clandestine removal of the final
product. [2013(290) ELT 103 (Tri.-Ahmd.)]
v MRP based assessment not applicable for goods
supplied to institutional consumers / wholesale
packs. [2013(290) ELT 291 (Tri. Bang.)]
v Liability to duty cannot be fastened on
1 6
Bizsol UPDATE May - 2013
person who has nothing to do with impugned
transaction: Demand against High Seas seller
a partnership firm found to be stayed by Tribunal
on payment of entire duty. Held that buyer was
independent company whose goods could not
be detained for recovery from High Seas Seller
with which buyer has nothing to do. Legally there
was no demand, which could give jurisdiction to
department to detain goods imported by buyer
in High Sea Sell Contract. It was also
contemptuous and contrary to stay granted by
Tribunal. Department's plea that under High seal
Sales Contract, buyer had undertaken to clear
liability of High Sea Seller was misinterpretation
as buyer had undertaken to pa entire expenses
only for goods purchased under contract, which
could not mean payment of demand against its
vendor regarding other transactions. [2013(290)
ELT 195 (Mad HC)]
v Condonation of delay of 215 days allowed
as assessee is facing excessive / number of
litigation's: Explanation that it was due to
various litigation's, including criminal
prosecutions of Excise & Customs cases, which
had consumed considerable time. Appeal filed
within one month of receipt of recovery notice.
Delay was due to excess load of various litigation
on appellant. It ought to be condoned as
explanation was reasonable. It was not case of
assessee abandoning the cause or deliberate
delay in filing of appeal. Delay was not so gross
or conduct of appellant so negligent that his
appeal involving revenue of nearly rupees 2
crores be dismissed without hearing on merits.
Delay of 215 days condoned. [2013(290) ELT
214 (Guj HC)]
v Pronouncement in open court cannot be
termed as decision or order or judgment of
the Tribunal: Pronouncement in open court
simply holding ' appeal allowed in the open court
without even the gist of the decision being
pronounced in the court, the pronouncement can
not be termed as decision or order or judgment
of Tribunal. [2013(290) ELT 202(Mad. HC)]
v Proof for clandestine removal: Shortage of
goods on physical verification detected on the
basis of average weight of finished goods and
raw material. No reasons for shortage advanced
by authorized representative. No admission that
shortages were on account of any clandestine
clearances of finished goods. No evidence on
record to allege any clandestine removal by
assessee. Therefore held that mere acceptance
of shortage at the time of visit of officers without
there being corroborative evidence cannot lead
to confirmation of demand of duty against
assessee. [2013(290) ELT 247(Tri. Del.)]
v Non receipt of unrelied upon documents cannot
be justification for not filing of SCN reply
[2013(290) ELT 249(Tri. Del.)]
v Strictures against Customs Officers:
Provisional assessment order in flagrant violation
of High Court order. An officer exercising quasi-
judicial jurisdiction is not expected to ignore or
show incompetence in understanding the clear
orders of the court. [2013(290) ELT 207 (P&H
HC)]
v Supplier firm not found on their address but
payment by them through account payee
cheques and ITR also filed by such firm, such
suppliers not treated as dummy units:
Supplier firm either not found or their addresses
were incomplete. However such supplier
maintaining lot register, entries on record
indicated that payments were received by
account payee cheques and supplier firms had
also filed income tax returns. Therefore held that
interference of revenue that supplier firms were
not in existence was not justified. Entries in record
were acceptable as payment was made by
account payee cheques. No findings could be
recorded against such supplier. Such supplier
would not be treated as dummy unit. [2013(290)
ELT 334 (Guj HC)]
v Shortage of one raw material not a sufficient
evidence of clandestine manufacture/
removal:
Shortage of raw material not sufficient to
manufacture quantity of final product allegedly
manufactured and clandestinely removed.
Demand based on shortage of only one raw
material, i.e. MC Powder not being main raw
material in production of Pan Masala. No
1 7
Bizsol UPDATE May - 2013
evidence of procurement of other raw materials
required for alleged manufacture. Demand
cannot be sustained. [2013(290) ELT 478 (Tri.
Del.)]
v Assessee not liable for misconduct of his
employee: Educational certificate of 'G' Card
applicant had genuineness of the same. No
circumstances or evidence suggesting that the
CHA had active involvement in questionable
educational qualification of applicant. Mala file
of CHA not brought to record in clear terms. Held
that in such case forfeiture of part of CHA security
amount is uncalled. There was no misconduct
of employee, which has direct nexus to
transaction of business. Supervision by CHA to
ensure proper conduct of their employee. It is
based on the Principal that Agent binds his
principal for all acts done by agent, if they are
within the knowledge of principal. Misconduct of
employee should have been direct nexus to
transaction of business. [2013(290) ELT 401 (Tri.
Del.)]
v Busyness of lawyer sufficient cause for
restoration of appeal: Counsel explaining that
when the matter was called and dismissed, he
was busy in another court. Explanation of the
counsel found to be acceptable and appeal
restored. [2013(290) ELT 431 (Tri. Del.)]
v Strictures against department: Casual
approach of Customs Authority, forfeiture of
security deposit of CHA for fake certificate
produced by their employee. Letter of verification
of certificate by CBEC received on 05.02.2009
but Show Cause Notice issued on 14.07.2009
and adjudication order passed one year
thereafter. No care taken to find if any loss to
revenue occurred by lapse of time as above.
Adjudication order not disclosing active
involvement of CHA, their mala fide or conscious
knowledge of fake certificate produced by his
employee and without proper examination of
Regulation 20 of CHA Licensing Regulations,
2004 forfeiture of security deposit as ordered.
Held that the approach of Customs Authorities
was very casual. They had not risen to the
occasion expeditiously.[2013(290) ELT 428
(Tri. Del.)]
v Certificate of CA should be accepted while
deciding the refund case: Chartered
Accountant who was also statutory auditor of
importer, certifying for specific bill of entry, that
burden of CVD /SAD was not passed on to buyer.
However refund rejected on analysis of balance
sheet on ground that impugned amount has been
debited in expenses accounts. Held that rejection
of refund was not proper. Certificate of CA should
have been accepted. [2013(290) ELT 386 (Tri.
Ahmd.)]
v Statement accepting shortages, cannot be
conclusive proof of clandestine removal:
Shortage of raw materials and finished goods,
panchnama did not show that all the stock was
actually weighted. No inventory of weighment
made by assessee. Statement accepting
shortages only to the extent recorded in
panchnama and no admission made that goods
were clandestinely cleared. Held that shortages
were detected on eye estimation. Statement
accepting shortages, cannot be conclusive proof
of clandestine removal. [2013(290) ELT 392 (Tri.
Del.)]
v Re-packing amounts to manufacture - Packing
from bulk to retail, Note 10 of Chapter 28 of
Central Excise tariff Bags of soda ash in bulk /
standard packages of 75/50 kgs meant for
industrial consumers, entitled to Modvat/Cenvat
credit. At behest of industrial consumer, these
bags torn and contents re-packed into smaller
packing of 500gm/ 1kg affixed with their brand
name meant for retail consumers, who were not
entitled to credit of duty. Held that re-packing
amounted to manufacture. Even if bags of 75/
50kgs were termed as 'Standard packs' they
were ' bulk packs'. As retail pack was meant for
a different market segment, re-packing enhanced
marketability of soda ash. It amounted to
manufacture within the meaning of section 2(f)
of Central Excise Act, 1944. [2013(290) ELT 467
(Tri. Kolkata)]
v Delay in filing of ER-1 return would attract penalty
under Rule 27 of Central Excise Rules, 2002 and
not under Rule 25 of Central Excise Rules, 2002.
[2013(290) ELT 412 (Tri. Del.)]
1 8
Bizsol UPDATE May - 2013
v Classification of 'Liril Active Shower Gel' as
Soap: 'Liril Active Shower Gel' is correctly
classifiable under heading 34.01 as 'Soap' and
not under heading 33.04 as Cosmetics as
contended by Revenue. Civil Appeals dismissed.
[2013-TIOL-27-SC-CX-LB]
v Sale of assets by the Bank under SARFAESI Act
to recover the loan. Dispute on first charge of
the property in bond, Whether bank has first
charge or the Customs. Since the matter is
pending before the DRT, it is for the Tribunal to
adjudicate the issue and pronounce the same.
Bank is permitted to sell the assets with a
direction to keep the required amount out of the
sale proceeds, in an interest bearing account,
pending adjudication by DRT. [2013-TIOL-347-
HC-KERALA-CX ]
v No distinction can be made between the
commission paid to the foreign agent and
the agents operating within the territory of
India because nature of services provided by
both the categories of the agents are same:
Commission agent is directly concerned with the
sales rather than sales promotion - services
provided by such commission agent would not
fall within the purview of the main or inclusive
part of the definition of input service as laid down
in rule 2(l) of the Rules - activity of commission
agent, therefore, should bear some similarity to
the illustrative activities given in rule 2(l). None
of the illustrative activities, viz.. "accounting,
auditing, financing, recruitment and quality
control, coaching and training, computer
networking, credit rating, share registry, and
security, is in any manner similar to the services
rendered by commission agents nor are the
same in any manner related to such services.
Under the circumstances, though the business
activities mentioned in the definition are not
exhaustive, the service rendered by the
commission agents not being analogous to the
activities mentioned in the definition, would not
fall within the ambit of the expression "activities
relating to business". Sales commission services
are not Input Services. CENVAT credit not
available. Revenue appeal allowed. [2013-TIOL-
680-CESTAT-AHM]
CUSTOMSv Certificate of CA should be accepted while
deciding the SAD refund case: The Chartered
Accountant Certificate, which is Bill of Entry
specific, has certified that the incidence of CVD/
SAD has not been passed on to the customer
and there is no unjust enrichment. Certificate of
Chartered Accountant who is a statutory auditor,
needs to be accepted. As the importer has
satisfied all the conditions required for claiming
refund of Special Additional Duty paid, refund is
to be allowed. [2013-TIOL-657-CESTAT-AHM]
v Though Duty paid after issue of Show Cause
Notice, assesse eligible for Drawback: Proviso
to Rule 3(1) of the Drawback Rules of 1995
prescribes that if the goods are produced or
manufactured from imported materials or
excisable materials on some of which only, duty
chargeable thereon had been paid and not on
the rest, the drawback admissible on the said
goods be reduced taking into account the lesser
duty paid or the rebate, refund or credit obtained.
In the present case, the petitioner used packing
material to manufacture and export of skimmed
milk powder, full cream milk powder, butter oil
etc. The aforesaid packing material was imported
by the petitioner. The petitioner deposited the
CENVAT credit and excise duty on the aforesaid
material. In such circumstances, the petitioner
is eligible to receive benefits of drawback in terms
of proviso to Rule 3 (1) of the Rules of 1995.The
argument of the revenue that since the petitioner
paid the excise duty or CENVAT credit
subsequently after issuance of show cause
notice, hence, the petitioner is not eligible for the
aforesaid benefit is not acceptable because there
is no such condition mentioned in the proviso to
Rule 3 (1) of the Rules of 1995. Petition allowed.
[2013-TIOL-329-HC-MP-CX]
SERVICE TAXv Cenvat Credit for cleaning / House -Keeping
service in factory permissible: Under Section
11 of Factories Act, 1948 factory owner is duty
bound to maintain cleanliness in factory. Hence
prima facie such services are incidental to
manufacture, and input service on which
1 9
Bizsol UPDATE May - 2013
assessee is entitled to take credit of service tax
paid. [2013(30) STR 205 (Tri. Del)]
v Distribution of credit allowed on the basis
of invoices of input services are in the name
of head office without registration as service
distributor: Invoices of input services in name
of head office, which distributed credit of service
tax paid thereon without registration as service
distributor. Identity of head office as service
recipient and provider as well as genuinely of
transaction not in doubt. Therefore held that
denial of cenvat credit only because of invoices
had name of head office, defeated object of
avoiding cascading affect. Also this was at initial
stage of implementation of law regarding
distribution of credit, when difficulties were being
experienced because of Registration and other
technical procedures involved, hence credit
allowed. [2013(30) STR 199 (Tri. Del)]
v There is no time limit prescribed for
availement of credit only condition to be
satisfied that payment of service tax should
be paid prior to availing the credit: Input
Service Distribution is a facility granted to a
manufacturer / service provider who operates
from a number of premises. No restriction under
the Cenvat Credit Rules, 2004 with regard to the
period for availing Cenvat Credit of Service Tax
paid. Only condition to be satisfied is that they
should have paid the Service Tax prior to availing
the credit. As this condition is satisfied, no time
limit prescribed in the Rule within which the cenvat
credit has to be taken. No reason why in the case
of ISD alone, restriction should be placed with
respect to availment of cenvat credit i.e. ISD is
permitted to distribute only taxes paid on or after
registration. Such a restriction is totally
unwarranted and is not provided for, in the law.
[2013(30) STR 206 (Tri. Mum)]
v Cenvat Credit on Rent-a-cab service is
allowed as service had nexus with business
of manufacture: Rent-a-cab service used for
transportation of employees from city to factory
in village, about 40 kms away, which did not have
adequate facility for employees. It is held that, to
get proper employees, it was necessary for
assessee to provide transportation facility from
nearest city. It was welfare measure, necessary
to ensure that manufacture tool place properly.
Service had nexus with business of manufacture.
Hence credit is admissible. [2013(30) STR 219
(Tri. Ahmd.)]
v Cenvat credit on GTA services: GTA services
availed for transportation of glass cullets and
since glass cullets are used in manufacture of
zinc oxide and lead oxide service tax in respect
of GTA services used for transportation of the
glass cullets cannot be denied. [2013(30) STR
193 (Tri. Del.)]
v Admissibility of Cenvat Credit on various
input services: Credit of service tax paid on
Advertising Agency Services, Business Auxiliary
Services, Business Support Services,
Management & Consultancy Services, Online
Information & Data Base Access Service, Port
Service, Maintenance & Repair Service,
Consulting Engineers Service, Security Agency
Service and Storage & Warehousing Service
admissible along with Credit on Service Tax paid
on Construction services in respect of office and
factory. Credit taken in respect of service availed
for housing colony or received other than for the
purpose of factory / office having been reversed.
[2013(30) STR 214 (Tri. Ahmd.)]
v Cenvat Credit of Service Tax paid on
Maintenance of SAP System: Invoice in the
name of Head Office. SAP system implemented
in three units of the assessee and credit taken in
one unit only. Head office not registered as ISD.
Assessee contending that there is no provision
in law for taking only proportionate credit.
Therefore held that, SAP system definitely
relatable to manufacture as it is implemented
right from raw material receipt to the clearance
of finished goods. Once credit is admissible any
unit can take the credit. [2013(30) STR 195 (Tri.
Ahmd.)]
v Clarification regarding taxability in case of
land owner transferring part of his right in
land to Developer for consideration in the
form of constructed flats received latter:
Demand for the period 16.06.2005 to 31.03.2007
'to be provided' introduced in Section 65(105) of
Finance Act, 1994 w.e.f 16.06.2005 Service Tax
2 0
Bizsol UPDATE May - 2013
(Determination of Value) Rules, 2006 notified on
19.04.2006. Held that amendment of Section
65(105) ibid does not mean that service provided
from that date was not taxable if consideration
was received earlier. New provision means that
prior to that date, no tax was to be paid at the
time when consideration was received but tax
was to be paid when service was provided. As
per section 67 prior to 18.04.2006, value of
taxable service was gross amount charged by
service provider, and after that date, where
consideration was not wholly or partly in money,
equivalent amount needed to be added in terms
of money. In that plea that consideration
received other than in form of money, was not
taxable before coming into effect of Service Tax
(Determination of Value) Rules, 2006 rejected.
[2013(30) STR 33 (Tri. Chennai)]
v Guest Houses for pilgrims liable to Service
Tax: Guest Houses for pilgrims entitled only to
exemption of 50% by Notification No.1/2006 ST
read with Notification No.34/2011 ST and not
having any absolute exemption. Therefore held
that it is liable to Service Tax under Section
65(105)(zzzzw) of Finance Act, 1994 and obtain
registration accordingly. [2013(30) STR 27 (A.P.
HC)]
v Amount collected as 'contingent liability'
cannot be treated as service tax: Appellant
constructing flats and entering into agreement
of sale with prospective buyers. Based on the
communication from DG, Directorate of Service
Tax they collected sums from prospective buyers
as 'contingent liability' towards payment of ST
but after clarification from Board on 29/01/2009,
they returned the amounts to the buyers with
interest. Department issuing notice u/s 73A(2)
of FA, 1994 for recovery of ST. Amount collected
as 'contingent liability' cannot be treated as
service tax per se. Provisions of S.73A are not
at all attracted to the case. [2013-TIOL-681-
CESTAT-MUM]
v Service Tax under reverse charge
mechanism paid after issue of Show Cause
Notice no penalty imposed: Understandably,
service tax paid on such services rendered would
be available to the appellant themselves as
CENVAT credit which can be utilized for discharge
of any excise duty on the final goods
manufactured and cleared by the appellant.
During the period service tax liability under
reverse charge mechanism was being disputed
at various forums and attained finality, after the
judgment of the High Court of Bombay in the case
of Indian National Ship Owners Association -
2008-TIOL-633-HC-MUM-ST - Penalty set aside.
[2013-TIOL-679-CESTAT-AHM]
v Clarification regarding Technical services
received from abroad: While discharging ST,
appellant committed an error of not including the
TDS deducted towards income tax in the value
of taxable service and upon pointing out by CERA
appellant paying the ST on the TDS amount of
Rs.85,81,111/- and also interest thereon. SCN
issued and equivalent penalty imposed. For
imposition of penalty u/s 78 there should be mens
rea. What is coming out is appellant made an
error in computing the value and there is no
intention to evade ST. penalty waived under the
provisions of s.80 of the FA, 1994 - appeal
allowed. [2013-TIOL-667-CESTAT-MUM]
v Appellant allowing another company to use its
plant, machinery and equipment by a conducting
agreement for the period September, 2004 to
July, 2005. Whether services are liable to tax
under 'support services of business or
commerce', for the subsequent period after the
insertion of clause 90(a) viz. 'renting of
immovable property' w.e.f 01.06.2007, the
petitioner has been paying service tax. Issue
involves a serious triable question. Petitioner
entitled to a complete waiver of pre-deposit.
[2013-TIOL-330-HC-MUM-ST]
v Cenvat Credit on Employee Group Insurance
services is allowed: The assessee is eligible
to avail CENVAT Credit of Service Tax paid on
the services rendered by insurance company on
the group insurance taken by them for their
employees. [2013-TIOL-650-CESTAT-AHM]
v Clarification in respet of supply of manpower
service: agreement has been entered by the
appellant directly with the sugar factory for
harvesting and cutting of sugarcane, and
transportation and to get the work done they are
2 1
Bizsol UPDATE May - 2013
engaging independent labour contractors,
consideration for the services rendered were also
received by the appellant, in the case referred
of Shri Mouni Maharaj Sevabhavi Vishwasta
Sanstha case (2013-TIOL-190-CESTAT-MUM),
the sanstha was only collecting the consideration
and crediting them to the accounts of the farmers/
transporters. In that situation it was held that the
sanstha was not providing any service relating
to supply of manpower. Facts obtaining in the
present case are different and distinguishable.
No reason to modify stay order. Miscellaneous
application dismissed and appellant directed to
comply with stay order. [2013-TIOL-674-
CESTAT-MUM]
EOUv DTA clearances of EOU not deemed imports
into India: DTA clearances of EOU are not
deemed imports into India. Proviso to Section
3(1) of Central Excise Act, 1944 provides
measures of Central Excise Duty leviable on such
clearances. It is aggregate of duties of Customs
on import of like goods, into India, and if rate of
duty is ad valorem, duty is to be calculated on
value determined under Customs Act, 1962 and
Customs Tariff Act, 1975. It is Central Excise duty
and method of its recovery cannot alter its
character. [2013(290) ELT 372 (Tri. LB.)]
INCOME TAXv "export turnover", "total turnover": when
telecommunication expenses excluded from the
export turnover also needs to be excluded from
the total turnover for computing deducton u/s
10A. Further computer peripherals form an
integral part of the computer, eligible for the same
rate of depreciation as the computer. Expenses
incurred on training of employees has an
enduring benefit and thus, not allowable as a
revenue expenditure. Revenue's appeal
dismissed. [2013-TIOL-269-ITAT-DEL]
v As per Section 37, when all the manufacturing
expenses are not verifiable, any addition is
warranted in case of a fall in the GP rate then
the expenditure of penal interest is allowable u/s
37. - Assessee's appeal partly allowed. [2013-
TIOL-308-ITAT-RAJKOT]
Judgments against CBEC Circular No. 967/1/2013
dated 01.01.2013
v Recovery of Govt. Dues during pendency of
Stay Applications: Appeals filed with stay,
pending before Commissioner (Appeals),
prescription of initiation of recovery if stay was
not granted within 30 days of its filing. It is illegal
arbitrary, unjustified and hence set aside. Its
basis is unsustainable and misconceived.
[2013(290) ELT 3 (P & H HC)]
v Recovery of Govt. Dues during pendency of Stay
Applications not permissible and No coercive
action for recovery be initiated during pendency
of appeal [2013(290) ELT 161 (Guj HC)]
[2013(290) ELT 353 (Raj HC)] & [2013(290) ELT
362(Kar HC)]
2 2
Bizsol UPDATE May - 2013
i RBI walks cautiously; cuts repo rate by 0.25%
i SC grants stay on attachment of Sahara Group Chief's properties
i RBI projects 6% growth rate for current fiscal
i Monetary Policy Statement 2013-14 released
i Investments in Science & Technology accounts for 0.88% of GDP
i CBEC finally issues AGT order of 51 + 44 AC/DCs at All-India & local levels
respectively
i President Pranab Mukherjee asks CBDT to tackle issue of MNCs parking profits
in tax havens
i Commerce Minister launches 21 New Textile Parks, taking total tally to 61
i GST-in-the-making to incentivise States like Canada and Singapore; Delay is
because of differences with Centre over GST Design & CST compensation
package: Sushil Modi
i MAT on SEZs: Govt looks into industry demand but decides not to reconsider
same at present: Commerce Minister
i A cosmetic product can be imported into India only if that product is registered
w.e.f. 01.04.2013 with Drugs Controller General (I), the licensing authority under
Drugs & Cosmetics Act.
2 3
Bizsol UPDATE May - 2013
i Hon'bl Supreme Court upheld the conviction and setence of eight Mumbai policemen and
five Customs officials and said that but for their complicity in the conspiracy because of greed
and corruption, the 1993 serial blasts could have been averted.
i Hon'ble Delhi High Court rejects Anup Shrivastava, Ex-Excise Commissioner's plea to quash
proceedings.
i CBI caught the Assistant Commissioner, Customs Shiv Shankar Yadav, Customs
Superintendent Adesh Kumar and two inspectors Rakesh Kumar and Puneshwar Paswan
red handed while distributing Rs. 50,000/- among themselves.
i Two customs officials nabbed from kandla SEZ on charge of taking bribe.
i Central Excise Superintendent arrested by CBI in Ahemedabad.
i CBI raid at Jaipur International Airport over Customs duty evasion.
i Hon'ble Karnataka High Court directs Government to setup more Benches of CESTAT in
Andhra Pradesh, Karnataka and Kerala and report complaince by 03.06.2013.
i CBI probe reveals DRI officer shielded M.K.Alagiri and Stalin.
i CBI arrests Superintendent of Central Excise (Anti Evasion), Haldia Commissionerate, Kolkata
for demanding and accepting a bribe of Rs. 3.5 lakh from the complainant.
i CBI filed a FIR against a Superintendent of Customs Air Cargo Complex at Karipur Airport
and six others in a case related to the irregularities in the functioning of cargo wing at the
airport.
i The power supply to an office of the Central Excise and Customs Department, Gurgaon at
Udyog Vihar has been snapped after it failed to pay the rent dues of around 4.5 crores for a
period more that 2 years to Haryana State Industrial and Infrastructure Development
Corporation (HSIIDC).
2 4
Bizsol UPDATE May - 2013
Bizsolindia provides consultancy in the following areas throughassociate companies and professional firms of the Directors
Bizsolindia Services Pvt. Ltd. Consultancy & Audit in the area of
• Direct & Indirect Taxation,
• FEMA,
• Foreign Trade Policy,
• EOU,
• SEZ,
• Project Consultancy SEZ, EOU, STPI, Industrial Parks,Clusters etc.
• Internal Audit,
• Strategic Management Consultancy.
Bizsolindia Outsourcing Pvt. Ltd. Knowledge Process Outsourcing in the area of
• Indirect Taxation,
• Accounts,
• Inventory management,
• Fixed Assets Management.
Bizsolindia IT Services Pvt. Ltd. Specialised IT Consulting and Solutions / modules along with ERPIntegration and following areas,
• Specialized Software for EOUs and SEZs
• Expert in Application programming using Java andERP Connectivity / Data Migration
• Offers bucket of Add On Products for EXIM related solutionsfor the complete industry needs
• ERP Consulting / Implementation
Bizsol HR services Pvt. Ltd. Strategic Consultancy in the area of HR & Soft skills Training.
Bhagwati Shipping Pvt. Ltd Custom House Agent (11/578) Custom Clearance of Export andImport consignments.
A B Nawal & Associates, Practicing Cost Accountant, Cost Audit, Central Excise,Cost Accountants Adjudication matters upto CESTAT, VAT Audit.
Behede Joshi & Associates, Practicing Chartered Accountants, Statutory Audit & Tax Audit,Chartered Accountants VAT Audit, Transfer Pricing.
R. Venkitachalam, Practicing Company SecretaryCompany Secretary
Nawal & Sonaje Associates, Practicing Cost Accountant, Cost AuditCost Accountants
Bizsol Projects & Infrastructure Solutions LLP Infrastructure consultancy, project management services in respectof real estate solutions for Industrial, Residential, Trade andCommerce and Consultancy related to Finance and Investments
O U R S E R V I C E S
May - 2013
Glimpses of Local Body Tax (LBT) Seminar organized by Bizsolindia Services Pvt. Ltd. at YASHDA, Pune on 15/04/2013.
Mrs. Preeti Kulkarni, Manager- Operations, hosting the Seminar.Mrs. Monica Joshi, CEO-Pune, acquainting to delegates about "Bizsolindia Services Pvt. Ltd".
Mr. Manoj Behede, Joint Managing Director, enlightening on Concept & Provisions of LBT to the delegates.
Mr. Ashok Nawal, Managing Director, addressing on Specific Issues, Challenges & Compliances of LBT.
Mr.Pravin Arote, Vice President, explaining the Registration Procedure, Rates & LBT Zones.
Mr. Manoj Malpani, Manager- Operations, enlightening on important take away of LBT.
Delegates participated in the seminar organized by Bizsolindia Services Pvt. Ltd.
Panel Members addressing to the queries & doubts on LBT of delegates during the seminar.
May - 2013
Glimpses of Local Body Tax (LBT) Seminar at Nashik
CMA A. B. Nawal, Managing Director of Bizsolindia Services Pvt. Ltd. & CMA Vijay Joshi - Resident Director of Bizsolindia Services Pvt. Ltd. along with CMA V S Date, CMA Shrenik Shah, Dr. S. K. Pandey & CMA Samir Rakshit during the Cost Seminar - 2013 organized by Raipur Chapter of ICAI on 06/04/2013
Mr. Venkat R. Venkitachalam, Chairman of Bizsolindia Services Pvt. Ltd. enlightening to delegates on overview of Local Body Tax (LBT) at Seminar organized by Nasik Industries & Manufacturers' Association on 21/04/2013.
Mr. Venkat R. Venkitachalam, enlightening to delegates on overview of Local Body Tax (LBT) at Seminar organized by Indian Institute of Material Management on 28/04/2013
Mr. Ashok B. Nawal, Managing Director of Bizsolindia Services Pvt. Ltd. addressing to delegates on Practical Aspects of LBT & cares to be taken, at Seminar organized by Nasik Industries & Manufacturers' Association on 21/04/2013.
Mr. Arun P. Sawant, CEO - Nasik of Bizsolindia Services Pvt. Ltd. explaining basic provisions & Practical Aspects of LBT during the seminar organized by Indian Institute of Material Management on 28/04/2013.
Delegates asking queries on LBT to the Panel Members at Seminar organized by Nasik Industries & Manufacturers' Association on 21/04/2013.
Ms. Shweta Jagtap, Sr. Lead- Audit & Taxation, hosting the seminar organized by Indian Institute of Material Management on 28/04/2013.