Finance Minister Shri Arun Jaitley inaugurates the Non-Tax Receipt Portal (NTRP)
Finance Minister Shri Arun Jaitley inaugurates the
Non-Tax Receipt Portal (NTRP); Portal provides a one-stop platform to
citizens/corporates/other users for making online payment of Non-Tax Receipts
to Government of India;
At the launch today, NTPC remitted an Interim Dividend to Government, through NTRP, amounting to Rs. 989 Crore.
At the launch today, NTPC remitted an Interim Dividend to Government, through NTRP, amounting to Rs. 989 Crore.
The Union Finance Minister Shri Arun Jaitley
inaugurated the Non-Tax Receipt Portal (NTRP), developed by the Office of
Controller General of Accounts (CGA) here today. The portal provides a one-stop
platform to citizens /corporates/other users for making online payment of
Non-Tax Receipts to Government of India. The annual collection of Non Tax
Receipts is over Rs. 2 lakh crores. The biggest share flows from Dividends paid
by Public Sector Undertakings, RBI etc. The other major items of Non Tax
Receipts are interest receipts, spectrum charges, royalty, license fee, sale of
forms, RTI application fee etc. This is an important initiative taken by
Controller General of Accounts, Department of Expenditure, Ministry of Finance
under the Digital India campaign. Shri Jayant Sinha, Minister of State for
Finance, Shri Ratan P Watal, Finance Secretary, Shri A.N.Jha, Special
Secretary, Department of Expenditure, Ms Arundhati Bhattacharya, Chairperson,
State Bank of India (SBI) and Shri M.J. Joseph, Controller General of Accounts
were also present on the occasion among others.
At the launch today, NTPC remitted an interim dividend to Government, through NTRP, amounting to Rs. 989 crore.
While direct and indirect taxes are largely collected using the e-payment mode, Non-tax revenues (NTR) flow mainly through physical instruments such as bank draft/cheque/cash. The Non Tax Receipt Portal fills this vacuum and provides an end to end solution for complete value chain of non-tax receipts, including online user interface, payment at the Payment Gateway Aggregator and reconciliation and accounting of receipts by Government Departments/Ministries. The online electronic payment in a completely secured IT environment will help common users/citizens from the hassle of visiting bank premises for issue of drafts, and later to Government offices to deposit the instrument for availing services. It also helps avoidable delays and remittance of these instruments into Government account as well as eliminate undesirable practices in the delayed deposit of these instruments into bank accounts. A depositor can make online payment to the Government using either a Credit Card, a Debit Card or through Net Banking with the Payment Gateway Aggregator (PGA). At present, SBI e-Pay is the PGA for NTRP. This is an important initiative taken by Controller General of Accounts, Department of Expenditure, Ministry of Finance under the Digital India campaign.
At the launch today, NTPC remitted an interim dividend to Government, through NTRP, amounting to Rs. 989 crore.
While direct and indirect taxes are largely collected using the e-payment mode, Non-tax revenues (NTR) flow mainly through physical instruments such as bank draft/cheque/cash. The Non Tax Receipt Portal fills this vacuum and provides an end to end solution for complete value chain of non-tax receipts, including online user interface, payment at the Payment Gateway Aggregator and reconciliation and accounting of receipts by Government Departments/Ministries. The online electronic payment in a completely secured IT environment will help common users/citizens from the hassle of visiting bank premises for issue of drafts, and later to Government offices to deposit the instrument for availing services. It also helps avoidable delays and remittance of these instruments into Government account as well as eliminate undesirable practices in the delayed deposit of these instruments into bank accounts. A depositor can make online payment to the Government using either a Credit Card, a Debit Card or through Net Banking with the Payment Gateway Aggregator (PGA). At present, SBI e-Pay is the PGA for NTRP. This is an important initiative taken by Controller General of Accounts, Department of Expenditure, Ministry of Finance under the Digital India campaign.
*****
Change in Tariff
Value of Crude Palm Oil, RBD Palm Oil, Others – Palm Oil, Crude Palmolein, RBD
Palmolein, others – Palmolein, Crude Soyabean Oil, Brass Scrap (All Grades),
Poppy Seeds, Areca Nuts, Gold and Silver notified
In exercise
of the powers conferred by sub-section (2) of Section 14 of the Customs Act,
1962 (52 of 1962), the Central Board of Excise & Customs(CBEC), being
satisfied that it is necessary and expedient so to do, hereby makes the
following amendment in the notification of the Government of India in the
Ministry of Finance (Department of Revenue), No. 36/2001-Customs (N.T.), dated
the 3rd August, 2001,
published in the Gazette of India, Extraordinary, Part-II, Section-3,
Sub-section (ii), vide number S. O. 748 (E), dated the 3rd August, 2001, namely:-
In the said
notification, for TABLE-1,
TABLE-2, and TABLE-3, the
following Tables shall be substituted namely:-
TABLE-1
|
Sl. No.
|
Chapter/ heading/ sub-heading/tariff item
|
Description of goods
|
Tariff value
(US $ Per Metric Tonne)
|
|
(1)
|
(2)
|
(3)
|
(4)
|
|
1
|
1511 10 00
|
Crude
Palm Oil
|
621
|
|
2
|
1511 90 10
|
RBD Palm Oil
|
635
|
|
3
|
1511 90 90
|
Others – Palm Oil
|
628
|
|
4
|
1511 10 00
|
Crude Palmolein
|
642
|
|
5
|
1511 90 20
|
RBD Palmolein
|
645
|
|
6
|
1511 90 90
|
Others – Palmolein
|
644
|
|
7
|
1507 10 00
|
Crude Soya bean Oil
|
748
|
|
8
|
7404 00 22
|
Brass Scrap (all grades)
|
2930
|
|
9
|
1207 91 00
|
Poppy seeds
|
2464
|
TABLE-2
|
Sl. No.
|
Chapter/ heading/
sub-heading/tariff item
|
Description of goods
|
Tariff value
(US $)
|
|
(1)
|
(2)
|
(3)
|
(4)
|
|
1
|
71 or 98
|
Gold, in any form, in respect
of which the benefit of entries at serial number 321 and 323 of the
Notification No. 12/2012-Customs dated 17.03.2012 is availed
|
403 per 10 grams
|
|
2
|
71 or 98
|
Silver, in any form, in
respect of which the benefit of entries at serial number 322 and 324 of the
Notification No. 12/2012-Customs dated 17.03.2012 is availed
|
510 per kilogram
|
TABLE-3
|
Sl. No.
|
Chapter/ heading/
sub-heading/tariff item
|
Description of goods
|
Tariff value
(US $ Per Metric Tonne )
|
|
(1)
|
(2)
|
(3)
|
(4)
|
|
1
|
080280
|
Areca nuts
|
2599”
|
*****
Special Investigation Team (SIT) Asks DRI to Verify
if $ 505 Billion Left the Country Between 2004–2013 ; Sit to take Further
Necessary Action After Receipt of Report From DRI
Special Investigation Team (SIT) has,
in its various reports, observed that Trade Based Money Laundering is major
source through which illicit money is taken out of the country.
In the Second Report, SIT had recommended that there should be institutional mechanism through a dedicated set up which examines mismatch between export/import data with corresponding import/export data of other countries on a regular basis. The SIT has also recommended that wherever possible, especially in case of commodities, a system for cross checking of prices of imports/exports with international prices may be done. Various reports including those by Global Financial Integrity have emphasized that Trade Based Money Laundering is the main medium or process through which funds are illegally taken out of countries.
The Global Financial Integrity, in its report, “Illicit Financial Flows from Developing Countries 2004–2013” has estimated that illicit financial flows out of India for the period 2004–2013 to be the tune of $ 505 billion. The Special Investigation Team (SIT) obtained detailed calculations of country–wise illicit financial flows for each of these years from Global Financial Integrity. Thereafter, the details have been sent to Directorate of Revenue Intelligence (DRI) on 8th February, 2016 and DRI has been asked to verify the extent to which the calculations are correct. The SIT has also observed that since reports like those of Global Financial Integrity which calculate illicit financial flows from various countries are widely used in academic circles and inform the debate on this issue, it is very crucial to ascertain the veracity of such reports. Further necessary action shall be taken by SIT after receipt of report from DRI.
In the Second Report, SIT had recommended that there should be institutional mechanism through a dedicated set up which examines mismatch between export/import data with corresponding import/export data of other countries on a regular basis. The SIT has also recommended that wherever possible, especially in case of commodities, a system for cross checking of prices of imports/exports with international prices may be done. Various reports including those by Global Financial Integrity have emphasized that Trade Based Money Laundering is the main medium or process through which funds are illegally taken out of countries.
The Global Financial Integrity, in its report, “Illicit Financial Flows from Developing Countries 2004–2013” has estimated that illicit financial flows out of India for the period 2004–2013 to be the tune of $ 505 billion. The Special Investigation Team (SIT) obtained detailed calculations of country–wise illicit financial flows for each of these years from Global Financial Integrity. Thereafter, the details have been sent to Directorate of Revenue Intelligence (DRI) on 8th February, 2016 and DRI has been asked to verify the extent to which the calculations are correct. The SIT has also observed that since reports like those of Global Financial Integrity which calculate illicit financial flows from various countries are widely used in academic circles and inform the debate on this issue, it is very crucial to ascertain the veracity of such reports. Further necessary action shall be taken by SIT after receipt of report from DRI.
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