TIOL-DDT 137 · the untouched capture
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<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"> <b><font color="#663399" size="3">TIOL-DDT
137</font><br>
16 06 2005<br>
Thursday</b></font></p>
<p align="center"><font color="#006633" size="2" face="Verdana, Arial, Helvetica, sans-serif">
<b>Anti-dumping duty on Metronidazole extended</b></font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"> Anti-dumping
duty on Metronidazole originating in, or exported from, the People’s
Republic of China extended up to 15th April 2006. This duty was originally
imposed provisionally by Notification No. 44/2000-Customs, dated the 17th
April, 2000. This was confirmed by No. 115/2000-Customs, dated the 31st August,
2000 and which would have expired by August 2005 and it is now extended till
April 2006.</font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2005/ctariff05_054.htm">NOTIFICATION
NO. 54/2005-CUSTOMS, Dated : June 14, 2005</a><br>
<br>
<font color="#006633"><b>Exempted and dutiable goods – 10% payment –
Don’t pay; </b></font></font><b><font color="#006633" size="2" face="Verdana, Arial, Helvetica, sans-serif">AP
Paper flow has started</font></b><font color="#006633" size="2" face="Verdana, Arial, Helvetica, sans-serif"><br>
</font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><br>
It was nearly seven months ago that we reported in DDT dated 22.12.2004 a
fiscal bomb for the revenue department. We had then reported:-</font></p>
<p><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">Manufacturing
dutiable and exempted goods? No need to maintain separate accounts, no need
to pay 10% on the exempted goods and even refund can be claimed on the amounts
already paid.<br>
</font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><br>
<b>The Central Excise department busy with arrears clearance is soon going
to be flooded with refund claims.<br>
</b><br>
To refresh your memory, in <b>ANDHRA PRADESH PAPER MILLS LTD v CCE, VISAKHAPATNAM</b>
- </font><font size="1" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=52&filename=legal/cestat/2004/2004-TIOL-1056-CESTAT-BANG.htm">2004-TIOL-1056-CESTAT-BANG</a></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif">,
the Tribunal had held that when credit is taken on inputs used in the manufacture
of exempted goods and dutiable goods, and the exempted goods are cleared,
the mandatory 8%(now 10%) amount need not be paid. We had suggested that the
assessees need not pay this amount but also claim refund of the amounts already
paid. <br>
<br>
Now another bench of the Tribunal has followed the decision referred above
and allowed the appeal. See Mumbai Bench order in 2005-TIOL- -CESTAT-MUM<br>
<br>
Are you still paying that 10%? You need not. Have you paid 10% and 8%? You
can claim refund!<br>
<b><br>
<font color="#006633">Corruption Perception Index<br>
</font></b><br>
In Transparency International’s Corruption Perception Index, India stands
in 90th rank. <br>
<br>
“How do I improve the Index for India – not by bribing Transparency
International?” – Central Vigilance Commissioner Shankar addressing
a meeting on Central Excise in Hyderabad yesterday. <br>
<br>
<font color="#FF6666"><b>Until Tomorrow with more DDT<br>
<br>
Have a nice day. <br>
<br>
Mail your comments to</b></font> <b>vijaywrite@taxindiaonline.com </b></font>
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