TIOL-DDT 147 · 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=utf-8"> </head> <body bgcolor="#FFFFFF"> <p><font face="Verdana, Arial, Helvetica, sans-serif" size="2"><b><font color="#0000ff" size="3">TIOL-DDT 147</font><br/>30 06 2005<br/>Thursday</b></font></p> <p align="center"><strong><font color="#006600" face="Verdana, Arial, Helvetica, sans-serif" size="2"> Imports under Free Trade Agreement with Sri Lanka</font></strong></p> <p></p> <p align="justify"><font face="Verdana, Arial, Helvetica, sans-serif" size="2">As per Notification No. 26/2000- cus , certain goods imported from Sri Lanka are exempted subject to certain conditions. Now the Government has amended the notification to bring in certain major changes.</font></p> <p align="justify"><font face="Verdana, Arial, Helvetica, sans-serif" size="2">In case of apparel, the exemption will apply to a quantity of 8 million pieces in a calendar year, all of which shall be manufactured from fabrics of Indian origin exported from India to Sri Lanka. Earlier the restriction of Indian origin was only for 6 million pieces.</font></p> <p align="justify"><font face="Verdana, Arial, Helvetica, sans-serif" size="2">The exemption is also increased to 100% where it was 50% earlier. </font></p> <p align="center"><font face="Verdana, Arial, Helvetica, sans-serif" size="2"><b><a href="https://taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2005/ctariff05_057.htm" target="_blank">NOTIFICATION. No.57/ 2005-CUSTOMS, Dated: June 28, 2005</a></b></font></p> <p align="center"><font color="#006600" face="Verdana, Arial, Helvetica, sans-serif" size="2"><strong>Import of Crude Edible Oils- DGFT relaxes restrictions</strong></font></p> <p align="justify"><font face="Verdana, Arial, Helvetica, sans-serif" size="2">As per par 4.7 of the Handbook, Advance Licence can be given on the basis of self declaration where SION is not fixed. But this does not apply to vegetable oils. Now DGFT has relaxed this restriction and allows licence with prior export condition.</font></p> <p align="center"><font face="Verdana, Arial, Helvetica, sans-serif" size="2"><font color="#006600"><strong>Filing of TDS returns – Time extended for Government offices</strong></font></font></p> <p align="justify"><font face="Verdana, Arial, Helvetica, sans-serif" size="2">The CBDT has extended up to 31 August 2005, the time for filing the annual return of tax deductions for 2004-05. But this extension is applicable only to Government offices; for others the due date remains 30th June. <b>But why this special treatment for Government? Ideally, he Government should be a model in obeying the laws and should not claim any special concession. For one, the facilities available with the Government to comply with the laws are enormous. If the Government finds it difficult to meet the deadlines fixed by Law, will it not be more difficult for non-government organisations and individuals already burdened with too much of governance and complexities of laws coupled with multitude of forms and returns. Is it a tacit admission by the Board that Government is inefficient and cannot file the returns within the specified time? Or is it arrogance that Government should get away with disobedience while the citizens have to obey the laws however difficult they are? Taxes must have been deducted by 31st March 31st and what prevents the Government offices from filing the return by 30th June? If three months are not enough to file this return, will another two months help or is the time going to be further extended? Does this not amount to discrimination?</b></font></p> <p align="center"><font color="#0000cc" face="Verdana, Arial, Helvetica, sans-serif" size="2"><b><u><a href="https://taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=1&filename=wnew/itnot1.htm">CBDT F.No.385/35 /2005-IT(B) dated 28.6.2005</a></u></b></font></p> <p align="center"><font color="#006600" face="Verdana, Arial, Helvetica, sans-serif" size="2"><b>Online weekly report to Central Excise</b></font></p> <p align="justify"><font face="Verdana, Arial, Helvetica, sans-serif" size="2">Have you paid over One Crore Rupees as excise duty in PLA last year? If so you are in trouble. The Central Excise department has announced its special love for you. They want to know your welfare and progress on a weekly basis. And the system is already in place. You have to submit your first return by 3rd of June. Trade Notices have been issued by Commissionerates detailing the procedure and the lofty aims behind this exercise is stated to be to take prompt remedial action for the problems faced by the assessees and soon the trade notice turns authoritarian and states that major assessees SHALL submit online information on production, clearance, exports, revenue liability etc on a weekly basis. Why can’t there be a request instead of ‘shall’ and why submit? Is the assessee always expected to be submissive? Long ago there used to be a mistaken notion that the bureaucrat is a civil servant. Today he is neither civil nor a servant. </font></p> <p align="justify"><font face="Verdana, Arial, Helvetica, sans-serif" size="2">The weekly e-return is required to be filed online to the department’s website by the 3rd, 10th, 17th and 24th of the month. They are also required to fill a web form. The assessee will use the user id and password provided by the department. </font></p> <p align="justify"><font face="Verdana, Arial, Helvetica, sans-serif" size="2">Under what law is the assessee required to do all this? Don’t ask such silly questions, if you do all it takes is a notification to amend the rules and if you are adamant they will amend the rules retrospectively with effect from 1944 and make non filing of this return a cognizable offence! The moot question however is, What is the department going to do with all this information?</font></p> <p align="justify"><font face="Verdana, Arial, Helvetica, sans-serif" size="2">Source: <strong><u><font color="#0000ff"><a href="https://taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=1&filename=wnew/tradenotice.htm">TRADE NOTICE NO. 57 / 2005 Dated: 27.06.2005 of Chennai I Commissionerate</a></font></u>.</strong></font></p> <p align="center"><font face="Verdana, Arial, Helvetica, sans-serif" size="2"><b><font color="#006600">In High Places – low talk</font></b></font></p> <p align="justify"><font face="Verdana, Arial, Helvetica, sans-serif" size="2">"We really slobbered over the old witch,"</font></p> <p align="justify"><font face="Verdana, Arial, Helvetica, sans-serif" size="2">"While she was a bitch, we got what we wanted too; she will not be able to go home and say that the United States didn't give her a warm reception and therefore in despair she's got to go to war."</font></p> <p align="justify"><font face="Verdana, Arial, Helvetica, sans-serif" size="2">This conversation took place in Oval Office of the White House on the morning of Nov. 5, 1971. The first sentence was by President Nixon and the second by his Secretary of State. The topic of their conversation – Indian Prime Minister, Mrs Indira Gandhi. These are from the transcripts of the oval office tapes declassified this month. Only goes on to prove that people in very high places badmouth about others just like the rest of us.</font></p> <p align="justify"><font face="Verdana, Arial, Helvetica, sans-serif" size="2">Remember the embarrassment of President Carter during his visit to New Delhi in 1978. In his meeting with Morarji Desai, Carter was not able to convince Desai about the NPT. He turned to his aide, sitting next to him and whispered, that on return home, he would send a ‘cold and blunt' communication to Mr. Desai. The `whisper', however, was carried by the sound magnifying system, installed for their speeches and heard clearly by the shocked audience. The stoic Desai did not allow this freak incident to spoil the cordial hospitality.</font></p> <p><font color="#ff0000" face="Verdana, Arial, Helvetica, sans-serif" size="2"><b>Until Tomorrow with more DDT<br/><br/>Have a nice day.<br/><br/></b><strong>Mail your comments to</strong></font> <strong><font face="Verdana, Arial, Helvetica, sans-serif" size="2"><a href="mailto:vijaywrite@taxindiaonline.com">vijaywrite@taxindiaonline.com</a></font></strong></p> </body> </html>