2016/FR 2016 04 27.pdf · GAFTA and has the Egypt-EU Partnership, It can be a central point of...

April 27, 2016 || FAPCCI Review || 3

PresidentANIL REDDY VENNAM

Senior Vice-PresidentRAVINDRA MODI

Vice-PresidentGOWRA SRINIVAS

Immediate Past PresidentSHIV KUMAR RUNGTA

Managing Committee

ARUN KUMAR DUKKIPATIMEELA JAYADEVANIL AGARWALVENKAT JASTI

M.S.P. RAMA RAOMANOJ KUMAR AGARWAL

CV ANIRUDH RAOAVINASH GUPTA

KARODIMAL AGARWALATHUKURI ANJANEYULU

B. P. SINGHALK. RAMABRAHMAM

A. PRAKASHVAKKALAGADDA BHASKARA RAO

MS.VINITA SURANAPOLAVARAPU PREM KUMAR

K. BHASKER REDDYDr .M. APPAYYA

SURESH KUMAR SINGHALRAJ KUMAR AGRAWAL

PREM CHAND KANKARIAARUN LUHARUKA

SHYAM SUNDER PASARICHALLA GUNARANJAN

V.V. SANYASI RAOPRAKASH CHANDRA GARG

G. APPNENDER BABUSUNIL KUMAR PATODIA

J. S. KARUNENDRAR. RAVI KUMAR

Dr. K. NARAYANA REDDYJITENDER KUMAR GUPTA

SHIV KUMAR GUPTAM SREE RAMA MURTHY

ESTD. 1917 Weekly Journal of the Federation of Andhra Pradesh Chambers of Commerce & Industry

Vol.XVI - No.17 April 27, 2016 Rs.15

Editor : P. VYDEHI, Secretary (I/c)

Editorial Advisory Board

M. GOPALAKRISHNA, I.A.S. (Retd.)

OMPRAKASH TIBREWALA NITIN K. PAREKHPast President, FAPCCI Member – FAPCCI

Dr. C.V. NARASIMHA REDDYDirector, Dept. of Information & Public Relations, Govt. of AP (Retd.)

The views expressed by the authors in their articles published in this magazine aretheir personal views and do not necessarily reflect the views of FAPCCI.

The Federation of Andhra Pradesh Chambers of Commerce & IndustryFederation House, FAPCCI Marg, Red Hills, Hyderabad - 500 004.

� : 23395515 (8 Lines), 66755021, 66755026 � Fax : 040-23395525E-mail : [email protected] � Website : www.fapcci.in

CONTENTS

From President’s Desk 4

General

FTAPCCI Program Proceedings 6

Notifications 11

Press Note 13

FTAPCCI New Members 16

FTAPCCI Library 22

4 || FAPCCI Review || April 27, 2016

From President’s Desk

Editorial

The Indian economy has continued to consolidate the gainsachieved in restoring macroeconomic stability. The country’smacroeconomic parameters viz- inflation, fiscal deficit andcurrent account balance are improving. The measures taken bythe Government to perk up the economic growth like reformsin taxation, Make in India program, increase in FDI (foreigndirect investment) limits, expediting the process of grantingclearances to new projects and steps taken for ease of doingbusiness will significantly help in achieving a higher growthrate on the back of healthy monsoon rains.

With the global economy continuing to bevolatile, India’s export growth performance inthe last one and a half years has been much belowas compared to the previous years. We hopethat the new foreign trade policy expected tobe announced will have policy measures toboost exports especially under Make in Indiainitiative.

Agriculture is one of the major sectors of theIndian economy and contributes almost 16percent to the nation’s GDP (gross domesticproduce) and this can significantly contributeto the country’s economic growth. Growth inagriculture has slackened due to twosuccessive years of less than-normal monsoon

rains. We hope that the expected good monsoon and consequentboost to agricultural production will further contain inflationand food prices.

FTAPCCI welcomes the decision of Reserve Bank of India(RBI) to cut the repurchase rate to an over-five-year low andannounced a slew of measures designed to boost liquidity amideasing price pressures in the Indian economy. This wouldstimulate demand; augment buying of consumer durables’ vis-a-vis reduced costs of credit, boost investments and growth ofmanufacturing sector. However, the move should continue inthe coming times also and repo rate should be reduced furtherto induce demand and refuel industry growth at this juncture.

Both Telangana andAndhra Pradesh have single

window clearance inwhich facilitative

ecosystem was created,to provide all

clearances/approvals in a timebound manner

to set up an industry.


Anil Reddy Vennam

Therefore, an aggressive move to cut repo rateis needed at this juncture to facilitate industrialgrowth.

FTAPCCI compliments the TelanganaGovernment for becoming a role model in thecountry for introducing Mission Kakatiya toenhance the development of agriculture basedincome for small and marginal farmers, byaccelerating the development of minor irrigationinfrastructure, strengthening community basedirrigation management and adopting acomprehensive program for restoration of tanks.We hope the restoration of lakes will increasecrop yield and rise in groundwater table. Thiswould also encourage other States in the countryto replicate this program.

FTAPCCI compliments the Andhra PradeshGovernment for becoming role model in thecountry in the implementation of energyefficiency programs. Andhra Pradesh efforts arerecognized throughout the world in utilizing theLED technology for achieving tangible resultsin energy & economic savings. The adoption ofworld class technologies to ensure that energyconservation measures reach the end consumer,would help it in supplying quality power 24/7basis, which is the real base for attractinginvestments.

Both Telangana and Andhra Pradesh have singlewindow clearance in which facilitativeecosystem was created, to provide allclearances/approvals in a time bound manner toset up an industry. All relevant competentauthorities are mandated to receive applicationsand process the same only via TS-iPASS/ AP

Single Desk mechanisms. The systems providesfor State clearances required for starting anindustry across pre establishment and preoperation phases. Both the States have similarTax structure for new firms- the major taxincentives for industrial units is reimbursementof 100 per cent VAT/GST for micro and smallunits for five years, 75 per cent for medium and50 per cent for large industries for seven yearsor up to the realization of 100 per cent fixedcapital investment, whichever is earlier. Boththe States are taking progressive steps topromote industrialization and economic growth.

FTAPCCI continued to have meaningful eventsand interaction on various relevant issues suchas Ease of Doing Business, Investmeet – aProgram for Investors in the Capital Market,Promotion of Textiles Industry, Retail Industry– a Raising Business Gateway, Service Tax andCenvat Credit, Real Estate (Regulation andDevelopment) Act. The events were followedby a number of meaningful questions anddiscussions on the issue. The participants andthe notable speakers on the dais suggested thatmore such interactions should take place foreffective working and functioning of thegovernment schemes and policies.

We, at FTAPCCI firmly believe that your growthand prosperity is ultimately our growth and ourmission fulfilled. FTAPCCI has alwaysendeavored to take up the issue of its membersand I look forward to your views and suggestions,for effective functioning of the FTAPCCI.

Let us positively work together to contribute toa better tomorrow.


Seminar on Egypt India Economic Relation and Trade& Investment Opportunities held on 13th April, 2016at Federation House,Hyderabad.

Earlier Mr. RavindraModi, Senior VicePresident, FTAPCCI inhis welcome address saidthat the Seminar isintended to brief aboutthe economy andbusiness opportunitiesin Egypt. He thankedEmbassy of the ArabRepublic of Egyptespecially Mr. MongyAly Mohamed Badr formaking available thetrade enquiries/tender details received by them, forcirculation among the members of FTAPCCI. Hebriefed about the FTAPCCI and its activities.

Mr. Mongy Aly Mohamed Badr, MinisterPlenipotentiary & Head - Commercial Office,Commercial Bureau, Embassy of the Arab Republicof Egypt informed that Trade between India and Egyptover the past financial year has been recorded at USD4.76 billion. Also India’s imports from Egypt have beenvalued at USD 1.74 billion in 2014-15. He mentionedthat Indian businessmen have invested nearly USD 3billion in about 52 companies in Egypt and have givenemployment opportunities to around 35,000Egyptians. The Egyptian Investments in India standsat around USD 150 Million. Speaking on the potentialareas of cooperation with the Egypt, he said that theChemicals, Petrochemicals, Textiles, Leather, Pharma&Food Processing, Auto and Auto Components, Agri& Agri Products, Logistics, Mining and Fertilizers, ITand Telecommunications are the important sectors. He invited the entrepreneurs to visit Egypt to explorebusiness opportunities. He also explained aboutEgyptian Tourism saying that Egypt’s city Luxor proudlyhosts one third of the world’s antiquities. Egypt istargeting inflows of 14 million tourists annually in near

Seminar on Egypt India Economic Relation and Trade &

Investment Opportunities

future. Egypt is emerging as the regional hub for health,religious and eco-tourism. He further mentioned about

the possibilities of medical tourism and cooperation inservice sector including Banking, IT, Technical expert.

Briefing on the Preferential agreements he said thatthe Egypt is part of 9 economic agreements, frompreferential agreements for Egypt to completeeconomic partnership with the European Union. Egyptin last June signed the Tripartite agreement in Sharmel-Sheikh, giving access for 620 million consumer inAfrica, and still waiting for the agreement withECOWAS (Economic Community of West AfricanStates) in 2017, so as to have complete Africanintegration, and given the fact Egypt is part of theGAFTA and has the Egypt-EU Partnership, It can bea central point of trade between all these groupements,The Suez Corridor, will make Egypt a logistic hub forthe whole region, giving access for investors, to theMiddle-East, the European and the African marketall at once.

Mr.Anil Reddy Vennam, President,FTAPCCI presented a Memento and FTAPCCILiterature.

Dr.K. Narayana Reddy, Co-Chairman, InternationalTrade Committee, FTAPCCI proposed a vote ofthanks.


ASSOCHAM & FTAPCCI organized a NationalSeminar on Service Tax & Cenvat Credit on April 22,2016 at Park Hyatt Hotel.

Smt R. Shakunlata IRS, Chief Commissioner ofCustom, Central Excise and Service Tax in herinaugural address stated that these Seminarswill share the knowledge and provideopportunity for direct interaction with theassesses which will help for smoothfunctioning of the department. She informedthat the Hyderabad Zone collected therevenue for the current year is Rs. 15,850crores with the revenue growth rate of 35%when compared to previous year collectionsof Rs. 11,726 crores, this has been achievedwith the co-operation of the assesses.

Smt. Sudha Koka, IRS AdditionalCommissioner, Service Tax, Hyderabad inher address broadly explained the recent changes inService Tax and Cenvat Credit Rules. She informedthat the interest rates on delayed payment of Duty /Tax across all indirect taxes are made uniform @ 15%p.a. However, under Service Tax where any amountis collected as Service Tax but such collected amountis not credited to the Central Government on or beforethe date on which such payment becomes due theinterest rate charged is at the rate of 24% p.a.

Earlier Shri J K Mittal, Co- Chairman, NationalCouncil on Indirect Taxes, ASSOCHAM in hiswelcome address informed that they have conductedseries of National Seminars at various places. Theissues raised at the seminar will be consolidated andforward to the Ministry of Finance, Government ofIndia.

Sri Ravindra Modi, Sr. Vice President, FTAPCCI inhis address briefly explained on the certain issues likerecent amendment to Rule 6 (4) of Cenvat CreditRules as per which where the capital goods are usedfor the manufacture of exempted goods or provisionof exempted service for two years from the date ofcommencement of commercial production or provisionof service, no Cenvat credit shall be allowed on suchcapital goods. This would cast a heavy burden on trade

National Seminar on

SERVICE TAX & CENVAT Credit

and industry where the existing activities are exemptand are likely to change in terms of tax liability in future.So the benefit of Cenvat Credit is not passed on fullyto the Trade and Industry as the capital assets createdhave longer gestation period of recovery of investment.

Hence FTAPCCI has suggested to the governmentto remove the condition of two years for availment ofCenvat credit on capital goods employed in anyexempt activity.

Former Justice Sri Goda Raghuramn, President,CESTAT chaired the Technical session.

The Technical sessions were handled by:

Sri S Thirumalai, Advisor, Indirect Tax Committee,FTAPCCI - Implication of government service tobusiness entity on reverse charge basis

Shri R Muralidharan, Partner, Deloitte: - Budgetarychanges w.r.t. Negative List and Exemptions,Implication of pruning of Negative list by the FinanceBill 2016, Scope and implications of newly addeddeclared services

Shri J K Mittal, Co- Chairman, National Council onIndirect Taxes, ASSOCHAM: Overhauling ofCENVAT Credit Rules and its implications,Equalisation levy - another tax on specified services

Shri S Ananthanarayanan, Executive Director, PwC -Retrospective exemptions for services, Change inpolicy to avoid double taxation on software but noton other activities


SEBI Board in its meeting held on January 11, 2016,approved the concept of providing for electronic bookmechanism for issuance of debt securities on privateplacement basis.

Hon’ble Finance Minister in the Budget speech of2016-17 has announced that

“For developing an enabling eco system for the privateplacement market in corporate bonds, an electronicauction platform will be introduced by SEBI forprimary debt offer”

To give effect to Budget announcement and theproposal as approved by the SEBI Board, a circularhas been issued, whereby a framework has beenprovided for private placement of debt securitiesthrough electronic book mechanism.

Salient features of the framework are as under:

electronic book mechanism shall be provided byrecognized stock exchange(s) only after obtaining priorapproval from SEBI

electronic book mechanism would be mandatory forall private placements of debt securities in primary

Electronic Book Mechanism for issuance of debt securities onprivate placement basis

market with an issue size of Rs.500 crores and above,inclusive of green shoe option, if any

electronic book mechanism will be optional for theissues below Rs.500 crore, however the issuer shalldisclose the coupon, yield, amount raised, number ofinvestors and category of investors to the ElectronicBook Provider and/ or to the information repositoryfor corporate debt market, in the format as specifiedby the Board

all investors including institutional investors, HNI’s,arrangers etc. are allowed to bid through this platform(arrangers includes Merchant Bankers, RBI registeredPrimary Dealers or any other registered intermediariesas notified by SEBI from time to time)

The platform will help in streamlining the proceduresfor issuance of debt securities on private placementbasis, enhance transparency, improve price discoveryand will help in improving liquidity in secondary market.

The provisions of the circular shall come in effect fromJuly 01, 2016. The Circular issued in this regard bythe SEBI is placed at FTAPCCI website forinformation of the members.

The Government has been placing great emphasis on tax payer friendly tax administration as part of itsinitiative to improve ease of doing business. In this direction, the Central Board of Excise & Customs hastaken several initiatives in the recent past to facilitate trade.

It is reiterated that the indirect tax administration considers tax payer as the cornerstone of our economicindependence and prosperity. To further the Government’s objective to ensure responsiveness governance,it has been decided to designate every Wednesday of the week (9.00 am – 1.00 pm) as taxpayers daywherein heads of all offices in the field will meet the taxpayers/other stakeholder without any priorappointment in order to address their grievances relating to Central Excise/Service Tax/Customsexpeditiously.

We request the Members to avail this opportunity to redress their grievance and get clarification on thequeries related to above matters.

Designation of Wednesday(9.00 am – 1.00 pm) as Taxpayers Day


The Income-tax Act, 1961 (the Act) provides that the Central Board of Direct Taxes (CBDT) may prescriberules specifying the procedure for grant of relief or deduction of income-tax paid in any country or specifiedterritory outside India, under Section 90/ 90A/ 91 of the Act against the income-tax payable under the Act.

The Draft Rules for grant of Foreign Tax Credit are given below. Members are requested to send their comments/suggestion on the draft rules for grant of foreign tax credit latest by 1st May, 2016 to [email protected] us to submit the same to the department.

Draft Rules for grant of Foreign Tax Credit

Clause (ha) of sub-section (2) of section 295 of theIncome-tax Act, 1961 (the Act) provides that theCentral Board of Direct Taxes (CBDT) may prescriberules specifying the procedure for the granting of reliefor deduction, as the case may be, of any income-taxpaid in any country or specified territory outside India,under section 90 or section 90A or section 91, againstthe income-tax payable under the Act.

II. A Committee was set up by CBDT to suggest themethodology for grant of Foreign Tax Credit (FTC)after examining the various issues related to it. Afterdue consideration of the issues raised by variousstakeholders, the Committee submitted its report.Taking into account, the report of the Committee andthe provisions of the Act the draft rules for grant ofFTC are proposed as under:

(1) An assessee being a resident shall be allowed acredit for the amount of any foreign tax paid by him ina country or specified territory outside India, by wayof deduction or otherwise, in the year in which theincome corresponding to such tax has been offered totax or assessed to tax in India, in the manner and tothe extent as specified in this rule.

(2) The foreign tax shall mean,-

(a) in respect of a country or specified territory withwhich India has entered into an agreement foravoidance of double taxation of income in terms ofsection 90 or 90A of the Act, the tax covered underthe said agreement;

(b) in respect of any other country or specified territory,the tax payable under the law in force in that countryin the nature of income-tax referred to in clause (iv) ofthe Explanation to section 91.

(3) The credit for foreign tax shall be available against

Sub: Draft rules for granting relief or deduction of Income-tax under section 90/ 90A/ 91 of theIncome-tax Act – reg.

the amount of tax, surcharge and cess payable underthe Act but not in respect of any sum payable by wayof interest, fee or penalty.

(4) No credit shall be available in respect of any amountof foreign tax which is disputed in any manner by theassessee.

(5) The credit of foreign tax shall be the aggregate ofthe amounts of credit computed separately for eachsource of income arising from a particular country orspecified territory and given effect to in the followingmanner:

(i) the credit shall be the lower of the tax payable underthe Act on such income and the foreign tax paid onsuch income;

(ii) the credit shall be determined by conversion of thecurrency of payment of foreign tax at the telegraphictransfer buying rate on the date on which such tax hasbeen paid or deducted.

(6) In a case where any tax is payable under theprovisions of section 115JB or 115JC of the Act, thecredit of foreign tax shall be allowed against such taxin the same manner as is allowable against any taxpayable under the normal provisions of the Act.

(7) Where the amount of foreign tax credit availableagainst the tax payable under the provisions of section115JB or 115JC exceeds the amount of tax creditavailable against the normal provisions, then whilecomputing the amount of credit under section 115JAAor section 115JD in respect of the taxes paid undersection 115JB or section 115JC, as the case may be,such excess shall be ignored.

(8) No credit of any foreign tax shall be allowed unlessthe following documents are furnished by the assessee,namely:-


(i) certificate from the tax authority of a country or specified territory outside India specifying the nature ofincome and the amount of tax deducted therefrom or paid by the assessee. However, in a case where the foreigntax is deducted at source, the assessee may furnish a certificate of tax deducted from the person responsible fordeduction of such tax;

(ii) acknowledgement of online tax payment or bank counter foil or slip or challan for tax payment where thepayment of foreign tax has been made by the assessee; and

(iii) a declaration that amount of foreign tax in respect of which credit is being claimed is not under any dispute.

III. The comments and suggestion of stakeholders and general public on the above draft rules are invited. Thecomments and suggestions may be submitted by 02nd May, 2016 at the email address ([email protected]) or bypost at the following address with “Comments on draft rules for granting Foreign Tax Credit” written on theenvelop

Director (Tax Policy & Legislation)-IVCentral Board of Direct Taxes,

Memorandum of Understanding between India and Bhutan on TechnicalCooperation in the Field of Capacity Building, Benchmarking and

Bilateral Exchange in Infrastructure Engineering

The Union Cabinet today (April 20, 2016) gave its approval for signing of a Memorandum of Understanding(MoU) between India and Bhutan on technical cooperation in the field of capacity building, benchmarkingand bilateral exchange in infrastructure engineering.

India and Bhutan have had a long standing diplomatic, economic and cultural relations with each other. TheIndia-Bhutan friendship treaty signed in New Delhi in February, 2007 also strengthens the mutual relations.The Hon’ble Prime Minister of India Shri Narendra Modi made a state visit to Bhutan in June 2014. Thevisit reinforced the tradition of regular high level exchanges between the two countries. During the IndianPrime Ministers’ visit, the two sides agreed to continue close coordination and cooperation in areas relatingto their national interest.

The MoU is in furtherance of Article 2,7 and 8 of the India-Bhutan friendship treaty. The MoU will providean Umbrella for educational, scientific & technical research and environment protection which are alsostated aim of the India-Bhutan foundation established in August 2003.

There is already ongoing Hydro Power Cooperation between the two countries which provides an exemplarytemplate for mutual cooperation.

Through this MoU, the Central Public Works Department will stand to gain in terms of experience in hillsroad construction which is of paramount importance in J&K, Himachal Pradesh, Uttarakhand and variousStates of North-East Region. The CPWD also expects to garner some road construction projects inBhutan.

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The Embassy of the Arab Republic of Egypt (Commercial Office) in New Delhi has informed thatan Egyptian company M/s Merge Business Development Consulting Co. wants to do business withIndian Companies. This company introduces new products and services to the Egyptian market byidentifying the best target markets, price points.

For details, please contact Dr. Mohamed EI Sadat, Chairman & CEO, Merge Business DevelopmentConsulting Co., 17 Mohamed Said EI Halawany St, Sheraton, Helioplis, Cairo, Egypt. Ph: +202-22670707, Fax: +202-22670720, email: [email protected]; Website: www.egmerge.com.


MINISTRY OF LABOUR AND EMPLOYMENTNOTIFICATION

New Delhi, the 30th March, 2016

G.S.R. 368(E).––The following draft of certain rules further to amend the Contract Labour (Regulation andAbolition) Central Rules,1971, which the Central Government proposes to make, in exercise of the powersconferred by section 35 of the Contract Labour (Regulation and Abolition) Act, 1970 (37 of 1970), is herebypublished as required by

sub-section (1) of the said section, for the information of all persons likely to be affected thereby; and notice ishereby given that the said draft rules will be taken into consideration after the expiry of a period of thirty daysfrom the date on which the copies of the Official Gazette in which this notification is published are made availableto the public;

Objections or suggestions, if any, may be addressed to the Joint Secretary to the Government of India-cum-Director General (Labour Welfare), Jaisalmer House, 26, Mansingh Road, New Delhi-110011;

The objections and suggestions, which may be received from any person with respect to the said draft rulesbefore the expiry of the period specified above, will be considered by the Central Government.

DRAFT RULES1. (1) These rules may be called the Contract Labour (Regulation and Abolition) Central (Amendment)

Rules, 2016.(2) They shall come into force on the date of their publication in the Official Gazette.

2. In the Contract Labour (Regulation and Abolition) Central Rules, 1971, in rule 25, in sub-rule (2), forclause(iv), the following clause shall be substituted, namely:—“ (iv) the rates of wages payable to workmen by the contractor shall not be less than––

(a) the rates prescribed under the Minimum Wages Act, 1948 (11 of 1948) for such employment where applicable; or(b) the rates, if any, fixed by agreement, settlement or award; or(c) ten thousand rupees, whichever is higher;”.

[No. S-16016/21/2016-LW (A)]BIPIN MALLICK, Jt. Secy.

Note:- The Contract Labour (Regulation and Abolition) Central Rules, 1971 was published in the Gazette ofIndia, Extraordinary, Part II, section 3, sub-section (i) vide notification number G.S.R. 191, dated the 10thFebruary,1971 and lastly amended vide notification number G.S.R. 41(E),dated the 21st January,1999.

The Government has issued the enclosed draft notification no. G.S.R. 368(E) dated March 30, 2016(Reproduced below to amend the Contract Labour (Regulation and Abolition) Central Rules, 1971.

The net impact of the amendment would be that the minimum wages for the Contract Workers would beenhanced to Rs. 10,000/- per month.

The government has invited suggestions/ objections and Members are requested to send us your suggestionby April 29, 2016 to [email protected] so that the same could be could be forwarded to theGovernment.


CBEC has announced extension of time for taking registration of an establishment by a jeweller up to01.07.2016. Though, the liability for payment of central excise duty will be with effect from 1st March, 2016,the assessee jewelers may make the payment of excise duty for the months of March, 2016;April, 2016 and May, 2016 along with the payment of excise duty for the month of June, 2016.

Sub : Imposition of Central Excise duty on Jewellery – Constitution of sub-committee of the HighLevel Comiittee- regarding

Kindly refer to the Circular No. 1021/9/2016-CX 21.03.2016 issued vide F.no. 354/25/2016-TRU

2. In this regard, the time limit for taking central registration of an establishment by a jeweler is beingextended up to 01.07.2016. Though, the liability for payment of central excise duty will be with effectfrom 1st March, 2016; April 2016 and May, 2016 along with the payment of excise duty for the monthof June, 2016.

3. Wide publicity may be given to this circular. Difficulty, if any, in implementing the circular should bebrought to the notice of the Board. Hindi version would follow.

Circular No. 1026/14/2016-CX

F.No.354/25/2016-TRUGovernment of India

Ministry of Finance Tax Research Unit

New Delhi, 23rd April, 2016

Yours faithfully(Anurag Sehgal)Under Secretary

Imposition of Central Excise duty onjewellery Constitution of sub-committee of

the High Level CommitteeDated 22-4-2016 - Central Excise

Circular No. 1025/13/2016-CX

F. No. 354/25/2016-TRUGovernment of India

Ministry of Finance Tax Research Unit

New Delhi, the 22nd April, 2016

Subject: Imposition of Central Excise duty on jewellery Constitution of sub-committee ofthe High Level Committee - regarding

In continuation to the Circular No. 1021/9/2016-CX dated 21.03.2016, issued vide F. No.354/25/2016-TRU, the composition of the Sub-Committee referred to therein would be as under:

(i) Dr. Ashok Lahiri, Chairman.(ii) Shri Gautam Ray, Member.(iii) Shri Rohan Shah, Legal expert [Managing Partner, Economic Laws Practice].(iv) Shri Manoj Kumar Dwivedi, Joint Secretary [Department of Commerce].


(v) Shri Alok Shukla, Joint Secretary [Tax Research Unit, Central Board of Excise and Customs, Department of Revenue].

2. Names of the trade representatives in the Sub-Committee would be decided in consultation ofwith Dr. Ashok Lahiri, Chairman of the Sub-Committee.

3. Terms of reference of the Sub-Committee will include the issues related to complianceprocedure for the excise duty, including records to be maintained, operating procedures and any otherissues that may be relevant.

4. All associations will be given an opportunity to submit representation before the subcommittee in writingand the all India associations to state their case in person.

5. Any further communications with the regard to the aforesaid Sub-Committee may be sent through e-mail to [email protected] or by post addressed to the Office of the High Level Committee(HLC), Suite No. 215, The Janpath Hotel, Janpath Road, Opp. BSNL Building, New Delhi-110 001.

6. Wide publicity may be given to this circular. Hindi version would follow.

Yours faithfully,

(Anurag Sehgal)Under Secretary

PRESS NOTE

The Commissioner of Labour, Andhra Pradesh, Hyderabad and the Competent Authority under the MinimumWages Act, 1948, has declared the average State Industrial Workers Consumers Price Index Numbersfor the first half year ending December, 2015 as 1187 points (Base year 1982-100 series) for IndustrialWorkers under part-I and 922 points (Base year 1986=100 series) for Agriculture Workers under part-IIwhich are applicable for the period from 01.04.2016 to 30.09.2016 in various Scheduled Employmentsnotified under the Minimum Wages Act, 1948, for the purpose of calculation of Variable Dearness AllowanceGazette notification will be issued in due course.

Sd/- D. Vara PrasadCommissioners of Labour

The Commissioner of Labour, Telangana, Hyderabad and the Competent Authority under the MinimumWages Act, 1948, has declared the average State Industrial Workers Consumers Price Index Numbersfor the half year ending December, 2015 as 1239 points (Base year 1982-100 series) for IndustrialWorkers under part-I and 922 points (Base year 1986=100 series) for Agriculture Workers under part-II which are applicable for the period from 01.04.2016 to 30.09.2016 in various Scheduled Employmentsnotified under the Minimum Wages Act, 1948, in the State of Telangana for the purpose of calculation ofVariable Dearness Allowance.

Sd/- Ahmad NadeemCommissioner of Labour


Suggestions, views, comments etc on draft notification related to direction under Section16 (5) of Food Safety and Standards Act, 2006 dated 13th April 2016 regarding maximum

limit of extraneous matter in Raw Pulses respectively

It is for kind information of the members that FSSAI is seeking suggestions, views, comments from Membersregarding maximum limit of extraneous matter in Raw Pulses under Section 16 (5) of Food Safety andStandards Act, 2006 dated 13th April 2016. Therefore, FTAPCCI request its members to give inputregarding the above mentioned subject by 30.04.2016 positively, enabling FTAPCCI to forward the samefor kind consideration of FSSAI.

The referred document may be seen on the following link

http://www.fssai.gov.in/Portals/0/Pdf/Directions_Raw_Pulses_13_08_2016.pdf

Please send your suggestions to [email protected]

File No. 3075-01/REG/FSSAI/2016

Food Safety and Standards Authority of India(a Statutory Authority under the Ministry of Health and

Family Welafre, Govt., of India)(Regulations division)

FDA Bhavan, Kotla Road, New Delhi-110002

13th April, 2016

Sub : Direction under section 16(5) of Food Safety and Standards Act, 2006 regarding maximumlimit of extraneous matter in Raw Pulses.

The draft standard prescribing maximum limit of extraneous matter in Raw Pulses has been approvedby the Food Authority and uploaded on FSSAI website on 19.01.2016 for inviting comments/ suggestionsfrom the stakeholder.

2. It is directed that the enforcement officials in States / UTs be instructed to implement the above mentionedstandards prescribing the maximum limit of extraneous matter in Raw Pulses till the issuance of finalnotification in this regard.

3. This issue with the approval of the competent Authority in exercise of the power vested with FoodAuthority under clause 5 of Section 16 (5) of the Food Safety and Standards Act, 2006.

Kumar AnilAdvisor (Standards)

The Embassy of the Arab Republic of Egypt (Commercial Office) in New Delhi has informed thatan Egyptian Company M/s. Rolling Petroleum Co. wants to do business with Indian Companies.This company is one of the leading Egyptian companies in the marketing and trade of lubricants andother petroleum based products.

For details, please contact M/s.Rolling Petroleum Co., 163 Second Industry Area, 6th of OctoberCity, Giza, Egypt. Ph: +202383202778 Fax: +2 02 3832 03 603 Mobile: +2 010 9904 3006Email: [email protected]; Website: www.rollingpetroleum.com Tr

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To be published in the Gazette of India Extraordinary Part-I, Section-I

Government of IndiaMinistry of Commerce and Industry

Department of CommerceDirectorate General of Foreign Trade

Public Notice No. 3 /2015-2020 New Delhi, Dated the 21 April, 2016

Subject: Implementation of the Track and Trace system for export of Pharmaceuticalsand drug consignments.

In exercise of the powers conferred under Paragraph 2.04 of the Foreign Trade Policy, 2015-2020, asamended from time to time, the Director General of Foreign Trade hereby amends Para 2 (v) of the PublicNotice No. 52/2015-2020 dated 05.01.2016 to read as under :-

“In case, the Government of the importing country has mandated a specific requirement, the exporter hasthe option of adhering to the same and in such a case, it would not be necessary to comply with thestipulation under sub para (i) to (iv) of Para 2 of this Public Notice and if an exporter is seeking to avail suchexemption from bar coding prescribed by the Government of India as above, the exporter is given theoption to move an application to the Pharmaceuticals Export Promotion Council of India (Pharmexcil) forthis purpose, clearly specifying the nature of such an exemption in the interest of the exports from thecountry. Pharmexcil shall dispose of such applications on case to case basis with prior approval of Govern-ment. However, the tertiary level of packaging will have additional printing of barcode as per Para 2 (i) (c)of this Public Notice in addition to importing country‘s requirement, if any”.

2. The other terms and conditions mentioned in the Public Notice No. 52/2015-20 dated 05.01.2016 willremain unchanged.

3. Effect of this Public Notice:

The procedure for implementation of the Track and Trace system for export of pharmaceutical and drugconsignments has been amended.

(Anup Wadhawan)Director General of Foreign Trade

Email: [email protected] (Issued from F.No. 01/91/180/648/AM 09/ Vol.II/Export Cell)

PROCUREMENT FOR THE APPOINTMENT OF INSPECTORS FORINSPECTION OF IMPORTS TO SRI LANKA RAILWAYS

The Deputy High Commission for the Democratic Socialist Republic of Sri Lanka in Chennai has informedthat the Sri Lanka Railways is calling for bids for the appointment of inspectors for inspection of imports toSri Lanka. This bid is open to reputed organizations who attend to inspection of cargo to Sri LankanRailways.

The deadline for the submission of completed bid is 10th May, 2016.

For further details please contact:The Superintendent of Railway Stores, Sri Lanka Railways, Olcott Mawatha, Colombo 10, Sri Lanka.

Telephone Nos.: 94(11)2438078 or 2436818 Fax No.: 94(11)2432044


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Library of FTAPCCI

Title Date

The following Latest Books & Journals have been added to the Library of FTAPCCI

Title Date

1. Ieema Journal : April, 2016

2. Time & smiles : April, 2016

3. Proven Trade Contacts : April, 2016

4. Economic Digest : April, 2016

5. IDMA Bulletin : 01 to 07 April, 2016

6. CSR Vision : April, 2016

7. Chartered Secretary :The Journal forcorporate professionals : April, 2016

8. World SME News : April, 2016

9. Bharatiya pragna : April, 2016

10. Indian Factories andLabour Reports – April, 2016

11. Span : March/April, 2016

12. The Textile Magazine : March, 2016

13. Al Tijarah : March, 2016

14. Bellary Chamber News : March, 2016

15. Karnataka Vanijya : March, 2016

16. Tarnaka Times : March, 2016

17. BCCI Bulletin : February, 2016

18. Hindustan ChamberReview : February, 2016

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