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GST

Refunds - IGST refunds on exports-extension in SB005 alternate
mechanism - Facility of SB005 error correction in EDI system for Shipping
Bills extended upto 31-12-2019. — (1) Observing that there are still numerous
Shipping Bills having invoice mismatches between the GST returns data and the
Customs data presented along with the Shipping Bills resulting in SB005 error,
which has resulted in blocking of the IGST refund disbursal, and considering
that the entire country is facing unprecedented challenges due to the COVID-19
pandemic, and that the exporters are facing genuine hardships due to the SB005
errors, the Department of Revenue has decided to extend the facility of SB005
error correction in the Customs EDI system for Shipping Bills with date upto
31-12-2019.
(2) The trade, exporters, shipping lines, Customs Brokers have been
advised again to make efforts to understand the problems due to mismatch of
invoices resulting in SB005 error, and to invest time and take due precautions for
preventing such error in the future. — M.F. (D.R.) Circular No. 22/2020-Cus., dated
21-4-2020. (See page T12)
Customs Tariff

Tariff values of Crude Palm oil, RBD Palm oil, Palm oil (others), Crude
Palmolein, RBD Palmolein, Palmolein (others), Crude Soyabean oil, Brass
Scrap (all grades), Gold, Silver and Areca Nuts revised. — Tariff values of
Crude Palm oil, RBD Palm oil, Palm oil (others), Crude Palmolein, RBD Palmole-
in, Palmolein (others), Crude Soyabean oil, Brass Scrap (all grades), Gold, Silver
and Areca Nuts have been revised to US $ 614, 630, 622, 635, 638, 637, 660, 2883
and 3752 per M.T. respectively. Furthermore, tariff value of Gold imported by
eligible passenger; Gold bars other than tola bars and Gold coins having gold
content not below 99.5% and gold findings have been revised to US $ 560 per ten
gram each and Silver, imported by eligible Passenger; Silver, in any form, other
than medallions and silver coins, and Medallions and silver coins having silver
content not below 99.9% etc. have been revised to US $ 500 per kilogram each. —
Notification No. 38/2020-Cus. (N.T.), dated 15-4-2020. (See page N52)
Tariff values of Crude Palm oil, Palm oil (others), Soyabean oil, Brass
Scrap (all grades), Gold and Silver revised. — Tariff values of Crude Palm oil,
Palm oil (others), Soyabean oil, Brass Scrap (all grades), Gold and Silver have
been revised to US $ 605, 618, 656 and 3023 per M.T. respectively. Furthermore,
Tariff value of Gold imported by eligible passenger; Gold bars other than tola

EXCISE LAW TIMES  1st May 2020  27