Notifications and Circulars as on March 30, 2016

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Circular: Service Tax

The assessee can make e-payment till March 31, 2016, all branches of banks will open till 8p.m

The CBEC vide Circular No. 191/01/2016 – Service Tax dated March 29, 2016 has clarified that the assessees can make e-payment till the mid night of March 31, 2016. The RBI has already issued instructions vide notification RBI/2015-16/342 dated March 17, 2016, through which it has been instructed to all agency banks who shall keep the counters of their designated branches conducting government business open for full day on March 30, 2016, and till 8.00 p.m. on March 31, 2016. All electronic transactions would, however, continue till midnight of March 31, 2016.

http://www.cbec.gov.in/resources//htdocs-servicetax/st-circulars/st-circulars-2016/st-circ-191-2016.pdf

Notification: Customs

The Anti Dumping Duty has been levied for the period of Five years on imports of Tyre Curing Presses originating in or exported from China 

The Central Government vide Notification No. 11/2016-Customs (ADD) dated March 29, 2016 levied anti dumping duty on import of Tyre Curing Presses also known as Tyre Vulcanisers or Rubber Processing Machineries for tyres (excluding Six Day Light Curing Press for curing bi-cycle tyres), originating or exporting from People’s Republic of China for a period of five years.

http://www.cbec.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2016/cs-add2016/csadd11-2016.pdf 

The Anti Dumping Duty has been levied for the period of Five years on imports of Glazed/Unglazed Porcelain/Vitrified tiles in polished or unpolished finish with less than 3% water absorption, originating in or exported from China

The Central Government vide Notification No. 12/2016-Customs (ADD) dated March 29, 2016 levied anti dumping duty on import of Glazed/Unglazed Porcelain/Vitrified tiles in polished or unpolished finish with less than 3% water absorption originating or exporting from People’s Republic of China for a period of five years.

http://www.cbec.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2016/cs-add2016/csadd12-2016.pdf

The Safeguard duty imposed on imports of Hot-rolled flat products of non-alloy and other alloy Steel in coils of a width of 600 mm or more for a period of two and half years

The Central Government vide Notification No. 1/2016-Customs (SG) dated March 29, 2016 has imposed safeguard duty on import of Hot-rolled flat products of non-alloy and other alloy Steel in coils of a width of 600 mm or more into India for a period of two and half years. The safeguard duty is being imposed at the following rates:

  • 20% ad valorem minus anti-dumping duty payable, if any, when imported during the period from 14th September, 2015 to 13th September, 2016 (both days inclusive);
  • 18% ad valorem minus anti-dumping duty payable, if any, when imported during the period from 14th September, 2016 to 13th March, 2017 (both days inclusive);
  • 15% ad valorem minus anti-dumping duty payable, if any, when imported during the period from 14th March, 2017 to 13th September, 2017 (both days inclusive);
  • 10% ad valorem minus anti-dumping duty payable, if any, when imported during the period from 14th September, 2017 to 13th March, 2018 (both days inclusive).

The safeguard duty shall not be imposed on the subject goods which are imported at or above the Minimum Import Price in terms of the Notification No.38/2015-2020 dated February 5, 2016.

Further, the above safeguard duty shall not apply to imports of subject goods from countries notified as developing countries under clause (a) of sub-section (6) of section 8B of the Customs Tariff Act, other than People’s Republic of China and Ukraine.

Explanation: The following are not included in the scope of subject goods:

  1. a) Hot-rolled flat products of steel with nominal width less than 600mm;
  2. b) API grade steel;
  3. c) Silicon electrical steel;
  4. d) Hot-rolled flat products of steel of spring steel quality;
  5. e) Hot-rolled flat products of steel which are electrolytically plated or coated with zinc;
  6. f) Hot-rolled flat products of steel otherwise plated or coated with zinc; and
  7. g) Hot-rolled flat products of stainless steel.

http://www.cbec.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2016/cs-sg2016/cssg01-2016.pdf