TIOL-DDT 1134 · the untouched capture
Rendered as it looked. Links and images are disabled in this view; the file itself is untouched.
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"> <html> <head> <title>Untitled Document</title> <meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1"> </head> <body> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#663399" size="3">TIOL-DDT 1134</font><br> 17.06.2009<br> Wednesday</strong></font></p> <p align="center"><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Tariff Value of Brass Scrap and Poppy seeds increased</strong></font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>GOVERNMENT</strong> has increased the Tariff Value of Brass Scrap from US Dollars 2623 to 2824 and Poppy Seeds from 4856 to 5153 dollars.</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=24&filename=notification/custom/2009/cnt09_066.htm" target="_blank">Notification NO. 66/2009- Cus ., ( N.T. ), Dated: June 15, 2009</a></strong></font></p> <p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#006600">Administrative Structure - Ports in SEZs</font></strong></font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">A need for an administrative set up in ports in SEZs has been considered on the ground that the SEZ scheme allows for the clearance of DTA cargo from ports in SEZs and accordingly the following guidelines are issued.</font></p> <blockquote> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(1) Ports will be located in the non processing area of SEZs. There shall be a demarcation from the rest of the SEZ, to be done jointly by the Development Commissioners and the jurisdictional Commissioner of Customs, keeping in view the operational necessities as may be warranted.</font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(2) There will be separate entry/exit route duly secured for movement of both export and import DTA cargo from and to the port area and the same would be so isolated from the rest of the SEZ as to prevent any diversion or mixing of DTA and SEZ cargo. There shall be separate storage for SEZ cargo and DTA cargo.</font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(3) While the SEZ cargo after being unloaded and duly accounted for be handled by the authorized officer of the SEZ under the provision of SEZ Act/Rule, the DTA export/import cargo will be handled by the Custom formation as may be authorized by the CBEC for this purpose.</font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(4) Functions like grant of entry inwards for vessels, rummaging of vessels, preventive control, accountal of cargo, port clearance, transshipment and assessment and clearance of DTA cargo will be handled by the said Custom formation. The assessment and clearance of SEZ cargo will be done by the authorized officer as per the provisions of the SEZ Act/Rules.</font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(5) All the provisions of the Custom Act 1962, rules and regulations issued thereunder would apply to the port as demarcated from rest of the SEZ </font></p> </blockquote> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><a href="http://www.taxindiaonline.com/RC2/pdfdocs/wnew/sez_instructions.pdf" target="_blank">Dept. Of Commerce No. 5/4/2007- SEZ Dated: 26th February, 2009</a></strong></font></p> <p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#006600">Repeal Cell Phone Tax – IRS tells Legislature</font></strong></font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The Internal Revenue Service asked for comments on ways to simplify compliance with rules related to employer-provided cellular telephones. The current law, which has been on the books for many years, is burdensome, poorly understood by taxpayers, and difficult for the IRS to administer consistently. Some have incorrectly implied that the IRS is "cracking down" on employee use of employer-provided cell phones. To the contrary, the IRS is attempting to simplify the rules and eliminate uncertainty for businesses and individuals.</font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Although some of the proposed changes would add clarity, the current law will inevitably leave widespread confusion among employees and businesses.</font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Therefore, IRS Commissioner Doug Shulman asked that Congress act to make clear that there will be no tax consequence to employers or employees for personal use of work-related devices such as cell phones provided by employers. The passage of time, advances in technology, and the nature of communication in the modern workplace have rendered this law obsolete.</font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The IRS is of course the Internal Revenue Service of USA.</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">–Thursday's cases</font></strong></font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><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></strong></font></strong></font></strong></font></strong></font></strong></font><font color="#663399">Central Excise</font></strong></font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#FF6600">During period of forfeiture appellant fraudulently took credits in PLA without depositing amounts with the exchequer and cleared the goods by debiting account current – subsequently making valid payment of duty along with interest – <em>prima facie </em>penalty imposable u/s 11AC of the CEA, 1944 – CESTAT orders pre-deposit of 50% penalty</font></strong></font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>ON</strong> the question of financial hardship, the Tribunal observed that since the case was being dealt with by the CESTAT in May, 2009, the balance sheet prepared as on 31.03.2008 was no evidence of the present financial status of the party. The Bench also hastened to add that in the matter of calling for pre-deposit, a fair view is being taken.</font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#663399">Income Tax</font></strong></font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#FF6600">Indo-Sweden DTAA - payment made to non-resident for technical consultancy services - Since supervision and management of submarine cable system project was a part of contract, fee received is very much management fee and same is covered under exclusionary Article III (3) of DTAA</font></strong></font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>HERE </strong>is a case which relates to Indo-Sweden DTAA signed in 1958. And the bone of contention is whether the technical consultancy charges received by the assessee, a non-resident, from the Indian company, is taxable in India or not, in view of the exemption granted to industrial and commercial profits under Article III of the DTAA 1958. In short, the question before the High Court is whether a payment made for providing technical services is covered under the exclusionary Article III (3) of the DTAA 1958.</font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#663399">Customs</font></strong></font></p> <p align="justify"><font color="#FF6600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Date of permission given by Customs authorities for clearance and loading of goods for exportation relevant date and not the date of boat note order</strong></font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>TRIBUNAL</strong> conclusively held that in terms of Section 16 read with Section 51 of the Customs Act, the rate of duty applicable as on the date of permission for clearance of goods for export only would be applicable and any subsequent change in the rate of duty will not be applicable and upheld the appeal of the assessee with consequential relief.</font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#663399">See our columns tomorrow for the judgements</font></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> <p align="justify"><font color="#FF6600" 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> </body> </html>