TIOL-DDT 1197 · the untouched capture
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<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#663399" size="3">TIOL-DDT 1197</font> <br>
15.09.2009 <br>
Tuesday </strong></font></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Central
Excise Commissioner tries to bribe CBI through his Inspector - Supreme
Court clears prosecution – No need of prior sanction </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE</strong> CBI
booked a case against Parmeshwaran Subramani, Commissioner of Central Excise,
Panaji and his Inspector D Gautam. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">It was alleged that Subramani , along with others purchased 48 ready built flats for Customs Department at an exorbitant price of Rs. 3 ,55,69,150 /- though the actual market value was much less than the price paid. It was further alleged that this undue favour caused huge loss of Rs. 1.04 crores to the department. Ram Avtar Yadav , Inspector CBI/ ACB/ Goa was conducting the enquiry into said allegations. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">It was alleged that on 24.9.2002, Inspector of Central Excise, Gautam made a request on telephone to Ram Avtar Yadav , CBI Inspector to meet him in connection with some personal work. On the next day i.e. 25.9.2002, he met Ram Avtar Yadav , CBI Inspector and during the course of meeting he made a request on behalf of the Central Excise Commissioner Subramani to close the case and also conveyed that Subramani wanted to meet him in connection with the said case and to offer some gratification. On the same day, the Inspector, CBI (Complainant) lodged a written complaint against both the Commissioner and Inspector of Central Excise before Superintendent of Police, CBI/ACB/Goa. Both the accused met the CBI Inspector at a restaurant and offered him a bribe of Rs. 1 lakh. On 26.9.2002, Subramani withdrew an amount of Rs. 50,000/- from his savings bank account and handed over the same to the Inspector Gautam to deliver the said amount as part of the bribe to the CBI Inspector. A trap was laid in the presence of two independent witnesses. The Central Excise Inspector was caught red handed while offering and delivering bribe on behalf of the Commissioner at the residence of the CBI Inspector. Thereafter on completion of the investigation, charge sheet was filed in the court of Special Judge against both the Commissioner and Inspector of Central Excise for the offences punishable under Section 120B read with Section 12 of the Prevention of Corruption Act, 1988. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The Special Judge having perused the charge sheet and material on record came to the conclusion that previous sanction as required under Section 19 of the Act was necessary to prosecute a Public Servant for the offence punishable under Section 12 of the Act and accordingly declined to take cognizance of the offence. Being aggrieved by the order of the learned Special Judge, the CBI filed the Criminal Revision Application No. 49 of 2006 before the High Court of Bombay at Goa . The High Court dismissed the revision of the appellant and upheld the discharge of the respondents for want of sanction under Section 19 of the Act. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The perseverant CBI took the matter in appeal to the Supreme Court. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The Supreme Court held that “High Court fell into error in reading into Section 19 of the Act, the prohibition not to take cognizance of an offence punishable even under Section 12 of the Act without previous sanction of the Government which is not otherwise provided for. The language employed in Section 19 of the Act is couched in mandatory form directing the courts not to take cognizance of an offence punishable under Sections 7, 10, 11, 13 and 15 only, alleged to have been committed by a public servant, except with the previous sanction of the Government. The legislature consciously in its wisdom omitted the offence of abetment of any offence punishable under Section 7 or 11 of the Act thereby making its intention clear that no previous sanction as such would be required in cases of offence punishable under Section 12 of the Act. The High Court read something into Section 19 on its own thereby including Section 12 also into its ambit, which in our opinion is impermissible” </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">And allowed the CBI appeal. Now the CBI can pursue its prosecution of the Commissioner and Inspector. </font></p>
<p><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">See the Supreme Court order in </font><font size="1" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=50&filename=legal/sc/2009/2009-TIOL-105-SC-MISC.htm" target="_blank">2009-TIOL-105-SC-MISC </a></font></strong></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Government issues Customs Exemption Notifications to give effect to new FTP </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Served From India Scheme:</strong> capital goods including spares, office equipment, professional equipment, office furniture, consumables, related to its service sector business and food items and alcoholic beverages, for hotels and stand alone restaurants. -<strong> <a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2009/ctariff09_091.htm" target="_blank">NOTIFICATION NO. 91/2009-Cus., Dated: September 11, 2009 </a></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Focus Product Scheme:</strong> Goods imported under duty credit scrip issued against exports of the products notified in Appendix 37-D; the importer shall be entitled to avail of the drawback or CENVAT credit of additional duty leviable under section 3 of the said Customs Tariff Act against the amount debited in the said scrip - <strong><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2009/ctariff09_092.htm" target="_blank">NOTIFICATION NO. 92/2009-Cus., Dated: September 11, 2009 </a></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Focus Market Scheme:</strong> Exemption in respect of duty credit scrip issued against exports to the countries notified in Appendix 37-C of the Handbook of Procedures: the scrip and goods imported against it shall be freely transferable; the importer shall be entitled to avail of the drawback or CENVAT credit of additional duty leviable under section 3 of the said Customs Tariff Act against the amount debited in the said scrip -<strong> <a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2009/ctariff09_093.htm" target="_blank">NOTIFICATION NO. 93/2009-Cus., Dated: September 11, 2009 </a></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Vishesh Krishi and Gram Udyog Yojana (Special Agriculture and Village Industry Scheme):</strong> exempts capital goods specified in paragraph 3.13.4 of the Foreign Trade Policy, when imported into India against an Agri.Infrastructure Incentive scrip; importer shall be entitled to avail of the drawback or CENVAT credit of additional duty leviable under Section 3 of the Customs Tariff Act, against the amount debited in the said scrip. - <strong><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2009/ctariff09_094.htm" target="_blank">NOTIFICATION NO. 94/2009-Cus., Dated: September 11, 2009</a> </strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Vishesh Krishi and Gram Udyog Yojana (Special Agriculture and Village Industry Scheme):</strong> exempts inputs or goods including capital goods, when imported into India against a duty credit scrip issued to an exporter of products specified in paragraph 3.13.2 of the foreign trade policy; importer shall be entitled to avail of the drawback or CENVAT credit of additional duty leviable under Section 3 of the Customs Tariff Act, against the amount debited in the said scrip: <strong><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2009/ctariff09_095.htm" target="_blank">NOTIFICATION NO. 95/2009-Cus., Dated: September 11, 2009 </a></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Advance Authorisation:</strong> materials imported into India against an Advance Authorisation issued in terms of paragraph 4.1.3 of the Foreign Trade Policy; in addition to exemption of basic and additional customs duties, also exempts safeguard duty and anti-dumping duty levied under 8B and 9A of Customs Tariff Act;in respect of imports made after the discharge of export obligation, if facility of CENVAT Credit under CENVAT Credit Rules, 2004 has been availed, then the importer shall, at the time of clearance of the imported materials furnish a bond to the Deputy Commissioner of Customs or Assistant Commissioner of Customs, as the case may be, binding himself, to use the imported materials in his factory or in the factory of his supporting manufacturer for the manufacture of dutiable goods and to submit a certificate, from the jurisdictional Central Excise officer or from a specified chartered accountant within six months from the date of clearance of the said materials, that the imported materials have been so used: <strong><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2009/ctariff09_096.htm" target="_blank">NOTIFICATION NO. 96/2009-Cus., Dated: September 11, 2009</a></strong> </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Duty Entitlement Pass Book : </strong>Goods other than edible oils to attract nil duty and edible oils at 50% of the applied rate: importer shall be entitled to avail of the drawback or CENVAT credit of additional duty leviable under Section 3 of the Customs Tariff Act, against the amount debited in the scrip. <strong><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2009/ctariff09_097.htm" target="_blank">NOTIFICATION NO. 97/2009-Cus., Dated: September 11, 2009 </a></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Duty Free Import Authorisation </strong>: exempts materials imported into India against a Duty Free Import Authorisation issued in terms of paragraph 4.2.1 and 4.2.2 of the Foreign Trade Policy; in addition to exemption of basic and additional customs duties, also exempts safeguard duty and anti-dumping duty levied under 8B and 9A of Customs Tariff Act; In respect of the said resultant product the exporter shall give declaration with regard to the quality, technical characteristic and specifications of materials used in the shipping bill; - <strong><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2009/ctariff09_098.htm" target="_blank">NOTIFICATION NO. 98/2009-Cus., Dated: September 11, 2009</a> </strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Advance Authorisation for Annual Requirement:</strong> exempts materials imported into India, against an Advance Authorisation for Annual Requirement (hereinafter referred to as the said Authorization) with actual user condition in terms of Paragraph 4.1.10 of the Foreign Trade Policy: In respect of the inputs specified in paragraph 4.24A ( i ) of the Hand Book of Procedures, Volume 1 of the Foreign Trade Policy, the material permitted in the said authorization shall be of the same quality, technical characteristics and specifications as the materials used in the export of the resultant product: - <strong><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2009/ctariff09_099.htm" target="_blank">NOTIFICATION NO. 99/2009-Cus., Dated: September 11, 2009</a> </strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Export Promotion Capital Goods (EPCG) Scheme:</strong> With the condition that the goods imported are covered by a valid authorization issued under the Export Promotion Capital Goods (EPCG) Scheme to Common Service Providers(hereinafter referred to as CSP) designated by the Director General Of Foreign Trade or State Industrial Infrastructural Corporation in Towns Of Export Excellence (TEE) in terms of Chapter 5 of the Foreign Trade Policy permitting import of goods at the rate of three percent duty and the said authorization is produced for debit by the proper officer of customs at the time of clearance ; EO spread over a period of 8 years or 12 years depending on the duty saved;<strong> <a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2009/ctariff09_100.htm" target="_blank">NOTIFICATION NO. 100/2009-Cus., Dated: September 11, 2009</a></strong> </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>EPCG Scheme:</strong> goods imported for export of engineering and electronic products, basic chemicals and pharmaceuticals, apparels and textiles, plastics, handicrafts, chemicals and allied products and leather & leather products: goods imported covered by a valid authorization issued under the Export Promotion Capital Goods (EPCG) Scheme to Common Service Providers(hereinafter referred to as CSP) designated by the Director General Of Foreign Trade permitting imports at zero customs duty; the Common Service provider or any of the specific users is not currently availing any benefits under Technology Upgradation Fund Scheme ( TUFS ) administered by Ministry of Textiles, Government of India; the Common Service provider or any of the specific users does not avail, in the year of import of the goods, the benefit of Status Holder Incentive Scheme under Para 3.16 of the Foreign Trade Policy; EO spread over a period of six years;<strong> <a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2009/ctariff09_101.htm" target="_blank">NOTIFICATION NO. 101/2009-Cus., Dated: September 11, 2009</a> </strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>EPCG Scheme :</strong> goods imported covered by a valid authorization issued under the Export Promotion Capital Goods (EPCG) Scheme in terms of Chapter 5 of the Foreign Trade Policy permitting import of goods at zero customs duty and the said authorization is produced for debit by the proper officer of customs at the time of clearance; the importer is not currently availing any benefits under Technology Upgradation Fund Scheme (TUFS) administered by Ministry of Textiles, Government of India; the importer does not avail, in the year of import of the goods, the benefit of Status Holder Incentive Scheme under Para 3.16 of the Foreign Trade Policy; EO spread over a period of six years; <strong><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2009/ctariff09_102.htm" target="_blank">NOTIFICATION NO. 102/2009-Cus., Dated: September 11, 2009 </a></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>EPCG Scheme:</strong> the goods imported are covered by a valid authorization issued under the Export Promotion Capital Goods (EPCG) Scheme in terms of Chapter 5 of the Foreign Trade Policy permitting import of goods at the rate of three percent duty and the said authorization is produced for debit by the proper officer of customs at the time of clearance; EO spread over a period of 8 years or 12 years depending on the duty saved; <strong><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2009/ctariff09_103.htm" target="_blank">NOTIFICATION NO. 103/2009-Cus., Dated: September 11, 2009</a> </strong></font></p>
<p align="justify"><strong><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif">The imports and exports are to be undertaken through specified ports, but Commissioner of Customs may, by special order or a public notice and subject to such conditions as may be specified by him, permit import and export through any other sea-port, airport, inland container depot or through a land customs station within his jurisdiction. </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The very reason to have a five year Foreign Trade Policy is to avoid frequent changes and uncertainty so that the exporting / importing community can plan their business models accordingly. Now there are changes every year and fresh notifications are issued for DEPB / Advance Licence etc and the old notifications continued to take care of the imports already made under those notifications and the related licences/ extensions issued. As a result we find many Notifications existing on the same subject which is sure to confuse the best consulting brain of any other country.? And why so much delay after the FTP was announced? </font></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Restrictive practices while accepting bank notes – RBI guidelines </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">It has come to the notice of the Reserve Bank of India that certain establishments are adopting restrictive practices such as not accepting notes of certain denominations or series etc. Reserve Bank of India , emphasises that all government/ semi-government offices, public/ private sector institutions and also any other organisation/establishment/ individual accepting cash should desist from such practices. </font></p>
<p align="justify"><a href="http://www.taxindiaonline.com/RC2/inside2.php3?filename=wnew/rbi_notification.htm" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">RBI Press Release: 2009-2010/425 Dated September 14, 2009 </font></strong></a></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Reserve Bank of India (Note Refund) Rules, 2009 </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">As per Section 28 of the <font color="#FF6633"><strong>Reserve Bank of India Act, 1934: </strong></font></font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Notwithstanding anything contained in any enactment or rule of law to the contrary, no person shall of right be entitled to recover from the Central Government or the Bank, the value of any lost, stolen, mutilated or imperfect currency note, provided that the Bank may, with the previous sanction of the Central Government, prescribe the circumstances in and the conditions and limitations subject to which the value of such currency notes or bank notes may be refunded as of grace and the rules made under this proviso shall be laid on the table of Parliament. </font></p>
</blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Now the RBI has notified the Reserve Bank of India (Note Refund) Rules, 2009. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The Reserve Bank has been extending facilities to the public for exchanging cut and mutilated notes at all its Issue Offices and currency chest branches of commercial banks. In order to make the Note Refund Rules easy to understand and to apply, these have been comprehensively revised and simplified. It has also been decided that any officer of the designated branch can adjudicate mutilated notes presented thereat. RBI hopes that simplification and liberalisation of the Rules would help both, the prescribed officers as well as the tenderers of mutilated notes to easily comprehend the revised Rules and enable the former to apply the Note Refund Rules without leaving any scope for subjectivity. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">While the facility for exchange of soiled notes is to be provided by all banks at all of their branches, the facility of exchange of mutilated notes would be available at designated bank branch/ es (including cooperative banks and RRBs ) to all tenderers whether they are account holders or not. <font color="#FF6633"><strong>This is a duty that the banking system as a whole owes to the public.</strong></font> It needs no emphasis that the object of simplification of RBI Note Refund Rules and its extension is to help members of the public exchange the cut/mutilated notes in their possession without difficulty. </font></p>
<p><a href="http://www.taxindiaonline.com/RC2/inside2.php3?filename=wnew/rbi_notification.htm" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">RBI Press Release: 2009-2010/424 Dated September 14, 2009 </font></strong></a></p>
<p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><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"> – Wednesday's cases</font></strong></font></strong></font></p>
<p><strong><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif">Central Excise </font></strong></p>
<p align="justify"><font color="#660099" 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 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 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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" 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color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Reduction of penal period of mandated two months under Rule 8 of Central Excise Rules, 2002 by CESTAT justified when assessees paid substantial portion of duty with interest – No reason to interfere with order of CESTAT – High Court </strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>REVENUE</strong> was in appeal before the High Court for determination of the following questions of law: </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">i) Whether the Tribunal can go beyond the statutory provisions as provided under the Central Excise Rules, 2002? </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">ii) Whether the Tribunal can modify the mandatory penalty period of two months provided under Rule 8 of the Central Excise Rules, 2002, in cases where it is established that the assessee had defaulted in payment of monthly duty in contravention of the provisions of Rule 8 of the Rules thereby attracting the provisions of Rule 8(3A) of the Rules? </font></p>
<p align="justify"><strong><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif">Income Tax </font></strong></p>
<p align="justify"><strong><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif">No depreciation on stock exchange membership card acquired by an assessee on or after April 1, 1998: Bombay High Court </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">THE only question raised in all these 25 appeals is, whether depreciation under section 32 of the Income Tax Act, 1961 is allowable on the stock exchange membership card acquired by an assessee on or after 1/4/1998? </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>The</strong> ITAT has held that the Bombay Stock Exchange Membership Card ('BSE card') acquired by an assessee on or after 1/4/1998, either by nomination or directly through the Stock Exchange is an intangible asset covered under Section 32 of the Income Tax Act, 1961 and therefore, depreciation is allowable on the BSE Card. These appeals are filed by the revenue to challenge the orders passed by the ITAT. </font></p>
<p align="justify"><strong><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif">Customs </font></strong></p>
<p align="justify"><font color="#FF6633"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Exemptions under Customs Act - The Exim Policy cannot have effect of reading down Exemption Notification: </font></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Duty is payable pursuant to the Customs Act. The Import and Export Control Act regulates the import or export of goods. In so far levy of customs duty is concerned, the Customs Act is the Special Act. The issue whether any goods can be imported or exported has nothing to do with the assessment of customs duty. Therefore, once the Notification is issued under Section 25 of the Customs Act that Notification alone would govern the issue of exemption of customs duty. </font></p>
<p align="justify"><strong><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif">See our columns Tomorrow for the judgements </font></strong></p>
<p align="justify"><font color="#FF6666" size="2" face="Verdana, Arial, Helvetica, sans-serif">Until Tomorrow with more <strong>DDT </strong></font></p>
<p><font color="#FF6666" size="2" face="Verdana, Arial, Helvetica, sans-serif">Have a nice day. </font></p>
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