TIOL-DDT 1402 · the untouched capture
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<!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><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#663399" size="3">TIOL-DDT 1402</font><br> 15.07.2010 <br> Thursday</strong></font></p> <p align="center"><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Built Up area - SEZ Rules Amended </strong></font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE</strong> Government has amended the SEZ Rules by inserting a new proviso in sub-rule 2(b) of Rule 5 to stipulate that 'in respect of special Economic Zones located in B1 category cities as per classification indicated in Annexure-IV, the minimum built up area shall be 50% of the area specified and in respect of Special Economic Zones located in B2 category cities as indicated in Annexure IV, the minimum built up area shall be 25% of the area specified' </font></p> <p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">A new Annexure IV is inserted to specify the Classification of cities. </font></p> <p><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=259&filename=sez/sez_notifications/amendment_2010_II.htm" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Department of Commerce Notification Dated : July 12, 2010 </font></strong></a></p> <p align="center"><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Amendment of SION H - 444 </strong></font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE</strong> DGFT has amended the statement of Standard Input Output Norms (SION) at H-444 related to “ Aseptic Packaging Material” . </font></p> <p><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=47&filename=notification/dgft/2009/dgft09pn080.htm" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">DGFT Public Notice No. 80/2009-2014, Dated: July 13, 2010</font></strong></a></p> <p align="center"><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Deaf, Dumb and Blind </strong></font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>TODAY</strong> we are carrying an order by the High Court where the High Court advised the Tribunal to bear in mind that the Judgements of Tribunal are subject to scrutiny by the High Court and the need to pass speaking orders. We got this mail from a netizen on Speaking Orders: </font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Speaking order is a rare commodity these days. Most of the orders are <em><strong>dumb</strong></em> and the submissions during the personal hearing fall on <em><strong>deaf</strong></em> ears. Finally the show cause notices are confirmed <em><strong>blindly</strong></em> resulting in <em><strong>senseless</strong></em> orders. The first few pages of the adjudication order, you find the show cause notice repeated, the next few pages contain the submissions in reply filed and finally the order confirming the allegations without any discussion of the points raised in reply. </font></p> <p align="center"><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Clinical Corruption - CBI books Cardiology Chief </strong></font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE</strong> CBI has registered a case yesterday against the Head of the Department(Cardiology), Safdarjung Hospital, New Delhi U/s 13(2) r/w 13(1)(e) of PC Act, 1988 on the allegation that he is in possession of disproportionate assets to the tune of Rs.2.4 Crores. While corruption anywhere is a threat to progress everywhere, doctors should perhaps be the last to be targeted by the CBI. At least they save some lives sometimes and this Doctor was not caught, as they say, red-handed, taking any bribe. Rs. 2.4 Crores assets can be found with almost everyone in Government and a doctor especially a cardiologist, being the victim is a little disheartening. If corruption is a global phenomenon as one of our distinguished former prime Ministers declared, shouldn't they get the politicians and bureaucrats, before they pounce on the doctors who do some service – may be for a consideration </font></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"> – Friday's cases</font></strong></font></strong></font></p> <p><strong><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif"><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">Central Excise</font></strong></p> <p align="justify"><strong><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif">Penalty - transporters abetting in passing on fake Modvat documents, liable to penalty: High Court</font></strong></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE</strong> Transporters had helped the dealers to raise bogus/fake modvatable documents under the Central Excise law in order to fraudulently help the buyers to avail modvat credit. They had not transported the goods, but yet, had issued blank books of G.R.s and had thus, abetted in passing of the fake/bogus modvatable documents to various manufacturers resulting into loss of duty amounting to Rs.62.90 lacs to the Government. </font></p> <p><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">Section 154 - Whether the assessee by way of rectification application is entitled to claim a deduction of nature of disputed liability after expiry of four years and that too in a year in which same is not crystallized. </font></strong></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE</strong> only issue before the Tribunal is - Whether the assessee by way of rectification application, is entitled to claim a deduction of the nature of disputed liability after the expiry of four years, and that too in a year in which the same was not crystallized. And the answer is NO. </font></p> <p><strong><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif">Customs </font></strong></p> <p align="justify"><strong><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif">Assessee chose to take benefit of finalised assessment by availing MODVAT credit of CVD - Having done so, they are estopped from contending that refund claim should be considered as a challenge to the assessment order in so far as other duties of customs are concerned – Appeal rejected: CESTAT </font></strong></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>IN</strong> this interesting case, the assessee had imported goods declared as "second-hand refurbished motor winding line with standard parts and accessories" in B/E dtd. 13.8.1998 and claimed benefit of Customs Notification 23/98-Cus. dated 02.06.1998 (Sr.No.138). The goods were assessed provisionally to duty and released to the importer on 9.11.1998 against production of bank guarantee for the differential duty amount of Rs.1,63,16,799/- including CVD. </font></p> <p><strong><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif">See our columns Tomorrow for the judgements </font></strong></p> <p><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> <p><font color="#FF6666" 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"><strong>vijaywrite@taxindiaonline.com</strong> </a></font></p> </body> </html>