TIOL-DDT 1003 · the untouched capture
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<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#663399" size="3">TIOL-DDT 1003</font><br>
02.12.2008<br>
Tuesday</strong></font></p>
<p align="center"><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Industrial Park Scheme, 2008 - CBDT amends Form IPS-I</strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Form IPS - I is the Application for consideration under the Industrial Park Scheme, 2008 and para 3.vi of the Form has been amended.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The previous form with the amendment in <font color="#FF0000">red</font> is given below:</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">3.VI: Whether all the criteria as mentioned in para 4 of the Industrial Park Scheme, 2008 are met or not:</font><br>
</p>
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<table width="450" border="1" align="center" cellpadding="3" cellspacing="0">
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<td valign="top"><p><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Old Sl No. </font></strong></p></td>
<td valign="top"><p><font color="#333333"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">New Sl No. </font></strong></font></p></td>
<td><font color="#333333"> </font></td>
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<td valign="top"><p><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">a </font></strong></p></td>
<td valign="top"><p><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">a </font></strong></p></td>
<td><p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The date of commencement of the Industrial Park should be on or after the 1st day of April 2006 and not later than the 31st of March 2009; </font></p>
<p align="justify"><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif">The
date of commencement of the Industrial Park should be on or after
the 1st day of April 2006 and not later than the 31st day of March
2009; <strong>No change </strong></font></p></td>
</tr>
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<td valign="top"><p><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">b </font></strong></p></td>
<td valign="top"><p><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">b </font></strong></p></td>
<td><p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The area allocated or to be allocated to industrial units shall not be less than <strong>ninety per cent </strong> of the allocable area; </font></p>
<p align="justify"><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif">The area allocated or to be allocated to industrial units shall not be less than <strong><font color="#FF0000">seventy-five per cent</font> </strong> of the allocable area; </font></p></td>
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<td valign="top"><p><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">- </font></strong></p></td>
<td valign="top"><p><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">c </font></strong></p></td>
<td><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">- - - - - - - - </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The area allocated or to be allocated for commercial activity shall not be more than ten per cent of the allocable area; <strong><font color="#FF0000">NEW </font></strong></font></p></td>
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<td valign="top"><p><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">c </font></strong></p></td>
<td valign="top"><p><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">d </font></strong></p></td>
<td><p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">There shall be a minimum of thirty industrial units located in a industrial park; </font></p>
<p align="justify"><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif">There shall be a minimum of thirty industrial units located in a industrial park; <strong>No change </strong></font></p></td>
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<td valign="top"><p><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">d </font></strong></p></td>
<td valign="top"><p><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">e </font></strong></p></td>
<td><p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">For the purpose of computing the minimum number of industrial units; all units of a person and his associated enterprises will be treated as a single unit. </font></p>
<p align="justify"><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif">For the purpose of computing the minimum number of industrial units; all units of a person and his associated enterprises shall be treated as a single unit. - <strong>No change </strong></font></p></td>
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<td valign="top"><p><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">e </font></strong></p></td>
<td valign="top"><p><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">f </font></strong></p></td>
<td><p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The minimum constructed floor area shall not be less than <strong>50,000 </strong> square meters; </font></p>
<p align="justify"><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif">The minimum constructed floor area shall not be less than <strong><font color="#FF0000">15,000</font> </strong> square metres; </font></p></td>
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<td valign="top"><p><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">f </font></strong></p></td>
<td valign="top"><p><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">g </font></strong></p></td>
<td><p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">No industrial unit, along with the units of an associated enterprise, shall occupy more than twenty five per cent of the allocable area; </font></p>
<p align="justify"><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif">No industrial unit, along with the units of an associated enterprise, shall occupy more than twenty-five per cent of the allocable area; <strong>No change </strong></font></p></td>
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<td valign="top"><p><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">g </font></strong></p></td>
<td valign="top"><p><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">h </font></strong></p></td>
<td><p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The industrial park should be owned by only one undertaking; and </font></p>
<p align="justify"><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif">The industrial park should be owned by only one undertaking; and <strong>No change </strong></font></p></td>
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<td valign="top"><p><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">h </font></strong></p></td>
<td valign="top"><p><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">i </font></strong></p></td>
<td><p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Industrial units shall undertake only manufacturing activity as defined in Section D of the National Classification, 2004 Code issued by the Central Statistical Organisation, Department of Statistics. </font></p>
<p align="justify"><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif">Industrial units shall undertake only such industrial activity as defined in clause (j) of para 2 of the Industrial Park Scheme, 2008. </font></p></td>
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<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=35&filename=notification/cbdt/2008/it08not106.htm" target="_blank">CBDT Notification NO. 106/2008, Dated: November 28, 2008</a></strong></font></p>
<p align="center"><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>1200 containers missing from Customs</strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Senior Pakistani Customs officials from Karachi and Peshawar are likely to be summoned soon to Islamabad to explain their position on over 1,200 containers of goods imported from abroad, but went missing over the past couple of years before collectors could collect duties and taxes.<br>
<br>
The Public Accounts Committee (PAC) has asked for full details to fix the responsibility and to prevent the attached departments of the Federal Board of Revenue (FBR) and those officials listed for having handled these containers from concealing facts, as these officials have made repeated attempts at hiding the facts.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Some of these officials even submitted before an internal inquiry committee that they had not handled the containers, despite the fact that the duty rolls mentioned their names clearly. These senior officers have now been asked to explain why they tried to implicate the lower-grade subordinates like inspectors and customs appraisers, etc whereas it was their responsibility to ensure that information about the missing containers were reported to the high-ups duly and properly.<br>
<br>
After all they are our brothers and Customs Administration across the border must be almost same.</font></p>
<p align="center"><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Import/export of Rough Diamond - prohibition Venezula</strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Government has amended the Foreign trade policy to stipulate that "The import/export of rough diamond from/to Venezuela shall be prohibited in view of voluntary separation of Venezuela from the Kimberley Process Certification Scheme (KPCS). No Kimberley Process Certificate shall be accepted/endorsed/issued for import and export of rough diamonds from/to Venezuela.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=45&filename=notification/dgft/2008/dgft08not065.htm" target="_blank">DGFT Notification NO. 65/2008, Dated: 1st December, 2008</a></strong></font></p>
<p align="center"><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Export of Honey - Export Policy</strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Export of honey to USA shall be allowed subject to the following conditions:</font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1. Honey exported shall be 'wholly obtained' Indian origin honey only, and;</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2. No blending of Indian honey shall be permitted with honey originating from any other country.</font></p>
</blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=45&filename=notification/dgft/2008/dgft08not066.htm" target="_blank">DGFT Notification NO. 66/2008, Dated: 1st December, 2008</a></strong></font></p>
<p align="center"><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Import of Milk from China - Prohibition extended for six months</strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Government has extended the validity of prohibition on import of milk and milk products under Chapter 4 of ITC(HS) from China vide Notification No.46/(RE 2008)/2004-2009 dated 24th September, 2008 by another six months from 24.12.2008 up to 23.6.2009.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Government has also decided that the import of chocolates and chocolate products and candies/confectionary/food preparations with milk or milk solids as an ingredient shall be prohibited from China for six months with immediate effect and until further orders.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=45&filename=notification/dgft/2008/dgft08not067.htm" target="_blank">DGFT Notification NO. 67/2008, Dated: 1st December, 2008</a></strong></font></p>
<p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#006600">Jurispruden</font><font color="#FF6633" size="5">tiol</font><font color="#006600">- Tommorow's cases</font></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><strong><strong><strong><strong><strong><strong><b><img src="http://www.taxindiaonline.com/RC2/image/stories/ddt_hammer.jpg" alt="Legal Corner Icon" width="100" height="84" hspace="5" border="0" align="left"></b></strong></strong></strong></strong></strong></strong></strong></font></strong></font><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Offence</strong></font></p>
<p align="justify"><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>complaint - when can a Court interfere at the threshold stage - guidelines reiterated - Supreme Court </strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>(1) WHERE</strong> the allegations made in the first information report or the complaint, even if they are taken at their face value and accepted in their entirety do not prima facie constitute any offence or make out a case against the accused.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(2) Where the allegations in the first information report and other materials, if any, accompanying the FIR do not disclose a cognizable offence, justifying an investigation by police officers under Section 156(1) of the Code except under an order of a Magistrate within the purview of Section 155(2) of the Code.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(3) Where the uncontroverted allegations made in the FIR or complaint and the evidence collected in support of the same do not disclose the commission of any offence and make out a case against the accused.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">xxxxxx</font></p>
<p align="justify"><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Income Tax</strong></font></p>
<p align="justify"><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Penalty proceedings initiated on 31.07.2003 - order passed on 17.02.2004 - hit by limitation - High Court</strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>IN</strong> any eventuality, before an order imposing a penalty can be passed, the assessee has to be heard or has to be given a reasonable opportunity of being heard. This can only happen when action for imposition of penalty is initiated and the assessee is put to notice with regard to such action so that he may present his point of view in opposition to such action.</font></p>
<p align="justify"><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Central Excise</strong></font></p>
<p align="justify"><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>After admitting that lean gas is a by-product, Revenue demands payment under Rule 57CC - Show Cause Notice is the foundation of demand and so department cannot go beyond - Supreme Court</strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE</strong> question before the Supreme Court was, "Whether Lean Gas produced by Gas Authority of India Limited (GAIL) is a manufactured marketable final product or by-product?"</font></p>
<p align="justify"><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>See our columns tomorrow for the judgements</strong></font></p>
<p align="justify"><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif">Until tomorrow with more <strong>DDT</strong></font></p>
<p align="justify"><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif">Have a nice Day.</font></p>
<p align="justify"><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif">Mail your comments to</font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"> <a href="mailto:vijaywrite@taxindiaonline.com">vijaywrite@taxindiaonline.com</a></font></p>
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