TIOL-DDT 1044 · 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 1044</font><br>
03.02.2009<br>
Tuesday</strong></font></p>
<p align="center"><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Wealth Tax Rules – Fees for Valuer - revised</strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">As per Rule 8C of the Wealth Tax Rules, the fees to be charged by a registered valuer for valuation of any asset shall not exceed the amount calculated at the following rates</font></p>
<div align="justify">
<table width="450" border="1" align="center" cellpadding="3" cellspacing="0">
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<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">On the first Rs. 50,000 of the asset as valued </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1/2 per cent of the value; </font></p></td>
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<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">On the next Rs. 1 lakh of the asset as valued </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1/4 per cent of the value; </font></p></td>
</tr>
<tr>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">On the balance of the asset as valued </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1/8 per cent of the value. </font></p></td>
</tr>
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<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Now this is changed to:</font></p>
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<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(a) On the first Rs. 5,00,000 of the asset as valued </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1/2 per cent of the value; </font></p></td>
</tr>
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<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(b) On the next Rs. 10 lakhs of the asset as valued </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1/5 per cent of the value; </font></p></td>
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<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(c) On the next Rs.40 lakhs of the asset as valued </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1/10 per cent of the value; </font></p></td>
</tr>
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<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(d) On the balance of the asset as valued </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1/20 per cent of the value </font></p></td>
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</div>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Where the amount of fees calculated is less than Rs. 50, the registered valuer may charge Rs. 50 as his fees.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Inflation has caught up and this Rs. 50/- is now enhanced to Rs. 500/-.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Why can't the government think of abolishing this tax? The Budget Estimate for 2008-09 for wealth tax is Rs. 325 Crores. Education Cess brings in more than ten times that Revenue.</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=35&filename=notification/cbdt/2009/it09not015.htm" target="_blank">CBDT Notification No. 15/2009, Dated: January 30, 2009</a></strong></font></p>
<p align="center"><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Export Duty on Basmati Rice – Exempted</strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">As per Notification No. 66/2008- Cus ., Dated: May 10, 2008, there is an export duty of Rs. 8000/- per MT of Basmati Rice. Now this is made <strong>nil </strong>. </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=23&filename=notification/custom/2009/ctariff09_010.htm" target="_blank">Notification No. 10/2009-Customs Dated: February 02, 2009</a></strong></font></p>
<p align="center"><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Service Tax – CCs can also assign Investigation and Adjudication to Commissioners</strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">As per Notification No. 16/2007 – ST dated 19.04.2007, Commissioners of Central Excise are vested with the powers of <em>Investigation and adjudication of such cases, as may be assigned by the <strong>Board </strong></em> throughout the territory of India.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Now the Chief Commissioners can also do the vesting within his jurisdiction.</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=40&filename=notification/servicetax/2009/stnot09_006.htm" target="_blank">Notification No. 6/2009 – Service Tax Dated: January 30, 2009</a></strong></font></p>
<p align="center"><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Refund of Terminal Excise Duty (TED) paid on fuel supplied from depot/warehouse of Domestic Oil Companies to EOUs – Board issues Draft Circular</strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><a href="http://www.taxindiaonline.com/RC2/inside2.php3?filename=bnews_detail.php3&newsid=2976" target="_blank">DDT 255 - 06 12 2005</a>, </strong>observed,</font></p>
<p align="justify"><font color="#FF6600" size="2" face="Verdana, Arial, Helvetica, sans-serif">It has been more than a year since the warehousing facility had been withdrawn for petroleum products and the worst sufferers had been EOUs who used to get their fuel from the depots of oil companies under CT3 without payment of duty. Board had clarified by Circular No. 799/2004 that EOUs can take CENVAT credit. But the Board did not realize that no CENVAT credit is available for most of the petroleum products especially the fuel. Finally it is left to the DGFT to solve the problem and he has solved it rather well. DGFT has decided <strong>that fuels procured from the depots of domestic oil companies on payment of excise duty by EOU/EHTP/STP/BTP will be eligible for reimbursement in the form of terminal excise duty in addition to drawback rates notified by DGFT from time to time provided the recipient unit does not avail CENVAT credit/rebate on such goods.</strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Now there is another problem as understood well by the Board. Purchases of fuel from the depots of domestic oil companies are eligible for the deemed export benefits including refund of TED prescribed under para 8.3.1 of FTP. TED benefits are usually granted by the Development Commissioner based on the excise attested invoices as proof of supply and/ or excise attested CT3 form.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">But excise officers are refusing to attest invoices and rightly so, because the depots of the Oil Companies are not under their control and they don't issue any excise invoices. The EOUs are running from DC to DC (Development Commissioner, SEZ to Deputy Commissioner, Excise) and nobody is ready to solve their problem.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">So the Board proposes that:-</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The jurisdictional Supdt. Incharge of depot/ arehouse supplying the petroleum product can issue the duty payment certificate after verification of duty paid nature of the products. For this purpose, the officer may verify the duty paying documents under which goods have been received by the depot/warehouse. In case, the goods are received by the depot/warehouse from the other depot/warehouse, the verification report from the previous depot/warehouse may be obtained for verification. This duty payment certificate can then be produced before the Development Commissioner to claim the refund of TED.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The solution appears to be more complicated than the problem. If a depot gets the oil from various refineries and depots, there can't be a mechanism by which the Central Excise Officer can verify where duty has been paid on the particular consignments supplied to EOUs. He would ask for all kinds of documents which the Depot will not be able to provide. The Result – No excise officer will give the duty payment certificate.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Most of the Oil Companies are giant Public Sector Units and can't we safely assume that the oil stocks in the Depots of these Companies are duty paid? Why can't the Development Commissioner grant the refund based on the certificates issued by the Depots of the Oil Companies or for that matter why insist on a certificate at all? Just give the refund for the quantities supplied from the depots?</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Why should we complicate matters that would lead to more interaction and charges of corruption? And why does Board assume that there is a jurisdictional Supdt IN CHARGE of a Depot? As mentioned earlier the depot is not under excise control/registration and there is no Supdt IN CHARGE of the Depot.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The problem is nearly five years old and still we are on the draft stage of a possible solution that will lead to more confusion.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>For every problem, there is a solution that is simple, neat, and <font color="#FF6600">wrong</font>.</strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Incidentally, many Development Commissioners have been granting the refund without insisting on the attestation by CE officers till late 2008, but somebody seems to have alerted them.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Anyway, Board has asked for suggestions which can be sent to <a href="mailto:amishkumargupta@gmail.com">amishkumargupta@gmail.com </a> by 10th February 2009.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Let us hope the Board comes up with a more workable and simple solution.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><a href="http://www.taxindiaonline.com/RC2/inside2.php3?filename=wnew/ted.htm" target="_blank">CBEC Draft Circular in F.No.268 /14/2008- CX -8</a></strong></font></p>
<p align="center"><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Interest rates remain unchanged since the past five years - Surprising isn't it?</strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Apropos our <strong><a href="http://www.taxindiaonline.com/RC2/inside2.php3?filename=bnews_detail.php3&newsid=8520" target="_blank">DDT-1042 dated 30.01.2009</a></strong>, and the interest rate chart shown therein, we received the following mail from a netizen.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">As a common man and a clerk dealing with excise and customs matters, I do not have much hang of the economy and am always mesmerized by terms such as Inflation rates, RBI repo rates, call money rate and what not. I only know that my fixed deposits do not earn much nowadays and the longer the period of my deposit, (say more than 5 years), the lesser are the rates of interest as compared to interest for a 1 year period. I am also advised by my local banker to keep my deposits for a period of one year only. Probably, survival of banks itself is becoming a question mark and it would not be far when <strong><em>I would be required to pay the bank an interest for keeping my deposits safe.</em></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The reason for this mail are a few interesting facts that I could gather while surfing the banks websites. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>from
the website of Bank of Maharashtra, <a href="http://www.bankofmaharashtra.in">www.bankofmaharashtra.in</a></strong></font></p>
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<td rowspan="2" valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Duration </font></strong></p></td>
<td valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">For Amount less than Rs. 15 Lakhs </font></strong></p></td>
<td valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">For Amount Rs. 15 Lakhs & above to less than Rs. 1 crore </font></strong></p></td>
<td valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">For amount Rs. 1 crore & above </font></strong></p></td>
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<tr>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Revised rates wef 19.01.09 </font></td>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Revised rates wef 19.01.09 </font></td>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Revised rates with Immediate Effect </font></td>
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<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">7days -14 days </font></td>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">3.50 </font></td>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">3.50 </font></td>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">3.50 </font></td>
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<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">15 days to 30 days </font></td>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">4.50 </font></td>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">4.50 </font></td>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">4.50 </font></td>
</tr>
<tr>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">31 days to 45 days </font></td>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">4.75 </font></td>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">4.75 </font></td>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">4.75 </font></td>
</tr>
<tr>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">46 days to 90 days </font></td>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">5.50 </font></td>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">5.50 </font></td>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">6.00 </font></td>
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<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">91 days to 180 days </font></td>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">7.25 </font></td>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">7.25 </font></td>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">6.25 </font></td>
</tr>
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<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">181 days to 270 days</font></td>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">7.75 </font></td>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">7.75 </font></td>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">6.75 </font></td>
</tr>
<tr>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">271 days to less than one year </font></td>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">8.25 </font></td>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">8.25 </font></td>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">7.25 </font></td>
</tr>
<tr>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">ONE YEAR or 365 days </font></td>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">8.75 </font></td>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">8.75 </font></td>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">7.50 </font></td>
</tr>
<tr>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Over One year to less than three years </font></td>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">8.75 </font></td>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">8.75 </font></td>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">7.50 </font></td>
</tr>
<tr>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Three Years (Mahalaxmi Term Deposit) </font></td>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">8.50 </font></td>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">8.50 </font></td>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">7.50 </font></td>
</tr>
<tr>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Over three years to five years</font></td>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">8.50 </font></td>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">8.50 </font></td>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">7.50 </font></td>
</tr>
<tr>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Above 5 years </font></td>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">8.50 </font></td>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">8.50 </font></td>
<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif">7.50 </font></td>
</tr>
</table>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>If this be so, why have the Customs and Excise interest rates remained unchanged for the past five years? Does DDT have an answer to this?</strong></font></p>
<p align="center"><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Today's cases</strong></font></p>
<p align="justify"><font color="#FF6600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Income tax - Indo-USA tax treaty - non-resident signs service contract with ITC hotels - receives payments for advertising, publicity and sales promotion worldwide - such payments are neither royalty nor fee for included services - to be treated as business income but not taxable in India as assessee has no PE under Article 7 of DTAA : Delhi HC</strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE</strong> assessee in this case is a prominent US-based hotel brand name. It gets into commercial service agreement with ITC hotels and others to undertake advertising, publicity and sales promotion to promote mutual interest. In return, it was paid three per cent of the room sales. Tribunal held that payments made to the non-resident for providing such services or use of trademark which is only incidental to the main objectives cannot be bracketed as either royalty under Section 9(1 )( vi) read with explanation 2 or in the nature of fee for technical services under Section 9(1)(vii) read with explanation 2 or taxable under Article 12 of the DTAA . It further held that such payment can only be treated as business income but since the assessee has no PE under Article 7 of the DTAA, it cannot be taxed in India. And the High Court finds no fault with such a finding of the Tribunal.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">See <strong>Breaking News</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">–Tomorrow's cases</font></strong></font></p>
<p align="justify"><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><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Central Excise</strong></font></p>
<p align="justify"><font color="#FF6600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>CENVAT Credit cannot be denied on the ground that activities undertaken by the supplier of inputs did not amount to manufacture – Revenue appeal dismissed: High Court</strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE </strong>substantial question of law before the Court raised by the Revenue was, “Whether CENVAT credit is admissible on the inputs where activities undertaken by the supplier of inputs did not amount to manufacture in view of facts mentioned in appeal”</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="#FF6600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>International Taxation - if a contract is composite in spite of the apparent demarcation into separate parts, the mere fact that for off-shore supply the title passed outside India alone will not decide taxability - "business connection" includes close, real, intimate relationship and commonness of interest between the non-resident and the Indian person: Madras HC</strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE</strong> word "business connection" is too wide to admit any precise definition. From the various judgments of the Supreme Court the Court found that, it includes close, real, intimate relationship and commonness of interest between the non-resident and the Indian person and where there is control of management or finances or substantial holding of equity shares or sharing of profits by the non-resident of the Indian person, the requirement of principle (iii), i.e., the existence of close, real and intimate relationship and commonness between the non-resident and Indian person, is fulfilled. Therefore, it is not just where the title passed, but also whether there was a crucial and intimate relation, whether there was an element of continuity between the business of the non-resident and the activity within the taxable territories, such transaction not being stray or isolated.</font></p>
<p align="justify"><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Service Tax </strong></font></p>
<p align="justify"><font color="#FF6600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Service Tax paid on Group Mediclaim Policy and Workmen's Accident policy is available as credit as they form part of manufacturing cost as per CAS-4, para 5.2: Tribunal</strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>FOR </strong>an amount of Rs.4,813 /- the Revenue is in appeal before the Tribunal and that too with an application for Condonation of Delay.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Revenue is not pleased with the Commissioner(Appeals)'s generosity in extending the benefit of CENVAT Credit of this amount of service tax paid on <em>Group Mediclaim Policy </em> and <em>Workmen's Accident Policy </em> taken by the manufacturer for its workers.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">There was not much to be debated before the Tribunal for the Larger Bench had in the case of <em>CCE, Mumbai-V vs. GTC Industries </em><strong><em>[</em></strong></font><font size="1" face="Verdana, Arial, Helvetica, sans-serif"><strong><em><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=44&filename=legal/cestat/2008/2008-TIOL-1634-CESTAT-MUM-LB.htm" target="_blank">2008-TIOL-1634-CESTAT-Mum</a></em></strong></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><em>] </em></strong>laid down the principle that any expenses which form part of the manufacturing cost as per format prescribed in CAS-4 statement shall be allowable as credit.</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="#FF6600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Until Tomorrow with more <strong>DDT</strong></font></p>
<p align="justify"><font color="#FF6600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Have a nice day.</font></p>
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