TIOL-DDT 1444 · 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 1444</font><br>
14.09.2010 <br>
Tuesday</strong></font></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">EPCG – Nexus Between Imported Goods and Export Goods</font></strong></p>
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<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_100.htm" target="_blank">NOTIFICATION <em>No. 100/2009-Customs, dated the 11th September, 2009</em></a></strong> has been amended to stipulate that </font></p>
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<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ The authorization for annual requirement shall indicate export product to be exported under the authorization. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ The authorization holder shall submit a Nexus Certificate from an independent Chartered Engineer (CEC), certifying nexus of imported capital goods with the export product, to the Customs authorities at the time of clearance of imported capital goods.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ A copy of the CEC shall be submitted to the concerned Regional Authority alongwith copy of the bill of entry, within thirty days from the date of import of the capital goods. </font></p>
<p align="justify"><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">“Authorization” includes “Authorization for Annual Requirement”.</font></em></p>
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<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Similar and other amendments are made in <em><strong><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2009/ctariff09_101.htm">Notifications; 101</a>, <a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2009/ctariff09_102.htm" target="_blank">102,</a> <a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2009/ctariff09_103.htm" target="_blank">103</a> and <a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2009/ctariff09_104.htm" target="_blank">104/2009-Customs</a></strong></em></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2010/ctariff10_092.htm" target="_blank"><strong>NOTIFICATION NO 92/2010 - Customs, Dated: September 10, 2010</strong></a></font></p>
<p align="center"><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>New Wholesale Price Index - WPI - From Today </strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>A</strong> new Wholesale Price Index (WPI) with 2004-05 as its base is to be released today. Simultaneously, the release of the current series of WPI with 1993-94 as its base will be discontinued.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Some of the important items included in the new series basket are Flowers, Lemon and Crude Petroleum in Primary Articles and Ice cream, Canned Meat, Palm oil, Readymade/instant food powder, Mineral water, Computer stationary, Leather Products, Scooter / Motorcycle tyre, Polymers, Petrochemical intermediates, Granites, Marbles, Gold and Silver, Construction Machinery, Refrigerators, Computers, Dish Antenna, Transformer, Microwave oven, Communication equipments (telephone instruments), TV sets, VCD, Washing machine and auto parts in Manufactured Products.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Commerce and Industry Minister Anand Sharma is holding a Press Conference today to explain the new WPI.</font></p>
<p align="center"><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Arrear Recovery Manual for Central Excise, Customs and Service Tax</strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE</strong> Chief Commissioner, TAR has released a draft manual for recovery of arrears for Central Excise, Customs and Service Tax. The manual is a compilation of all legal provisions , including instructions ,on the subjects for guidance and use of the officers.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The manual contains Board instructions dated 21st September 1990 on 'write off' of arrears – perhaps nobody has ever used these powers!</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">There is also a 1998 instruction which stipulates that <font color="#FF6633"><strong>no coercive action should be taken to realise the dues till the disposal of the stay application by the Commissioner (Appeal)</strong></font> and a 2004 instruction which says, <font color="#FF6633"><strong>“the field officers should refrain from taking coercive action till the period of six months of filing a stay petition before the CESTAT, or till the disposal of the stay petition, whichever is earlier.”</strong></font></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">This Manual should be a handy guide to the Departmental officers engaged in recovery of arrears – that is for those officers who have some respect for LAW.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The Chief Commissioner, TAR is grateful to “Sh. Deepak Tandon & Sh. AK Pathania <font color="#FF6666"><strong>Superintendent’s</strong></font> TAR New Delhi, who have put in their best efforts to compile this Handbook”.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Superintendent’s what?</font></p>
<p align="justify"><a href="http://www.taxindiaonline.com/RC2/pdfdocs/wnew/cxcsst.pdf" target="_blank"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Draft Manual</strong></font></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 align="justify"><font 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"></font><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Service Tax</strong></font></p>
<p align="justify"><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Notification 41/2007-ST - While granting refund to exporters on taxable services that he receives and uses for export it is not necessary to conduct verification of registration certificate: CESTAT</strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE</strong> appellant has filed this appeal against the denial of their refund claim by the lower authorities as the appellants were not registered under the category of “Business Auxiliary Service”.</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="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Sections 80HH, 80I - Whether four plants of assessee can be treated as one unit or separate units for claiming deduction - Profit of each unit to be computed separately only for determining quantum of deductions - ITAT</strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE </strong>issue before the Tribunal is - Whether four plants of the assessee can be treated as one unit or independent unit for the purpose of allowability of deduction u/s 80HH and 80I.</font></p>
<p align="justify"><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Central Excise </strong></font></p>
<p align="justify"><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Issue of cenvatable invoices without supply of goods by registered dealer – argument that the broker might have diverted the goods not tenable as registered dealer was in the know of these facts – Penalty rightly imposable u/r 173Q(1)(bbb) of CER, 1944: CESTAT</strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>ISSUING </strong>invoices without supply of any goods to enable a manufacturer to take credit fraudulently without receiving the goods is a fraud for which, in any case, penalty is warranted.</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="#FF6666" size="2" face="Verdana, Arial, Helvetica, sans-serif">Until Tomorrow with more<strong> DDT</strong></font></p>
<p align="justify"><font color="#FF6666" size="2" face="Verdana, Arial, Helvetica, sans-serif">Have a nice Day</font></p>
<p align="justify"><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" target="_blank"><strong>vijaywrite@taxindiaonline.com </strong></a></font></p>
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