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Corporate News *   Govt hits the excise gusher with petroleum products *   GST to strengthen growth, make economy more predictable: PM Narendra Modi *   GST to benefit pharma industry, but pricing remains a concern. *   Standard rate of GST should be less than 20%: Assocham. *   A single rate GST unlikely for now. *   High Court slams customs dept for not obeying court orders *   Nifty50 eyes Mt 9K by Dec if GST gets through; top 10 stocks to bet on *   Modi govt reaches out to Congress, seeks support on GST bill *   PM Narendra Modi to flag GST bill at Inter-State Council meeting *   Government reaches out to opposition for support on GST bill *   Modi Government Reaches Out to Congress Over GST Bill *   Harmonise custom duties, taxation for BBIN initiative's success *   Tariff Notification in respect of Fixation of Tariff Value  {See Notification no. 101/2016-Cus (N.T.) in what’s new} *   Jaitley to miss G20 to press for GST in monsoon session *   GST may hurt United Spirits earnings in FY18, says Credit Suisse *   GST will pass in coming Monsoon session of Parliament: Nitin Gadkari *   Excise D.C. faces farmers’ ire over comment on liquor shop *   Jewellers welcome govt decision on excise duty exemption limit *   Government Has Our Support On GST, War On FDI *   CBEC, FTAPCCI clears industry concerns on GST Law *   Amend notification No. 12/2012-Customs, dated 17.03.2012 [S. No. 284A  { See Notification no. 42/2016 dated 13.07.2016in what’s new}   *   Amend notification No. 35/2001 {See Notification no. 32/2016 dated 13.07.2016in what’s new}   *   Procedure regarding Duty Free Shops{See Notification no. 32/2016 dated 13.07.2016in what’s new} *   Changes to GST obligations for overseas businesses *   Govt reaches out to Cong for passage of GST in monsoon session *   FTAPCCI seeks revision of model GST Law provisions *   GST hailed as an important tax reform *   GST should be imposed on renewable equipment imports: Piyush Goyal *   Govt reaches out to Congress for passage of GST in monsoon session  *   Five-fold hike in purchase limit on goods at duty free shops at airports
Subject News *   Shiv Sena to support GST ratification in Maharashtra *   AAP initiatives to ensure GST implementation by April 1 *   Special session of Goa Assembly to ratify GST on Aug 31 *   Gujarat Assembly ratifies GST Bill in the absence of Congress MLAs *   Inclusion of 'Republic of Guinea-Bissau' in the list of countries eligible for preferential tariff {See Notification no. 46/2016-Cus in what’s new} *   Services provided to the government, a local authority or a governmental authority with regard to water supply.{See circular no. 199/09/2016-ST in what’s new} *   Guidelines for Provisional Assessment under section 18 of Customs Act, 1962{See Circular no. 38/2016-Cus in what’s new}   *   Customs (Provisional Duty Assessment) Regulations, 2011 rescinded {See Notification No. 113/2016-Cus (NT) in what’s new} *   GST impact on retail sector; ‘Buy one, get one free’ schemes set to get taxed *   Chhattisgarh also ratifies GST Bill *   Himachal Pradesh Assembly unanimously ratifies GST Bill *   GST rollout likely to be pushed to mid-2017 as India Inc seeks time *   Special session of Legislature to clear GST bill *   Will ensure inflation doesn't cross 6% after GST: Meghwal *   Exemptions, incentives to go away in GST regime: Commerce Secretary *   State FMs to meet industry chambers to discuss model GST law *   ‘Relevant date’ for considering the refund claim as time barred under Notification no. 41/2007-S.T. {See PJ/CASE LAW/2016-17/3202 in what’s new} *   Certificate from a jewellery firm, whether sufficient evidence to prove the smuggling of gold bars? {See PJ/CASE LAW/2016-17/3205 in what’s new} *   Quantum of amount to be pre deposited as a pre-condition of hearing the appeal {See PJ/CASE LAW/2016-17/3201 in what’s new} *   Classification dispute of MSO CBM (EMBALLE PAR 40) FINGER PRINT READER - SCANNER – whether it will fall under chapter heading 8471 or 8543. {See PJ/CASE LAW/2016-17/3204 in what’s new} *   Whether the Cenvat credit of duty paid on lubricants used in the dumpers can be availed as an input? {See PJ/CASE LAW/2016-17/3203 in what’s new} *   Whether the cenvat credit on the rejected PSC Sleepers used in the final product is admissible?{See PJ/CASE LAW/2016-17/3200 in what’s new}   *   Giving the powers of Chief Commissioner to Principal Commissioner {See notification no. 37/2016- Service Tax) in what’s new} *   Giving the powers of Chief Commissioner to Principal Commissioner {See notification no. 43/2016-CENT in what’s new} *   Seeks to extend the levy of ADD on imports of 1-Phenyl-3-Methyl-5-Pyrazolone for a period of one year. {See Notification no. 47/2016-Cus (ADD) in what’s new} *   Seeks to extend and withdraw the levy of ADD on imports of Caustic Soda from specified counties. {See Notification no. 46/2016-Cus (ADD) in what’s new} *   Giving the powers of Chief Commissioner to Principal Commissioner {See notification no. 111/2016-Cus (NT) in what’s new} *   GST bill expected to be tabled in Delhi Assembly during four-day session *   ‘DGFT rules to be changed for GST compatibility’ *   GST Bill likely to be ratified by 11 more states  

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PRADEEP JAIN, F.C.A.

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