TIOL-DDT 1660 · 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 1660 </font><br>
27.07.2011 <br>
Wednesday </strong></font></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Classification of Palm Stearin - CBEC Clarifies </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>BOARD</strong> Circular No. 81/2002-Customs dated 03.12 2002 clarifies that ‘‘Crude Palm Stearin” should be assessed keeping in view the chemical examination of the product whether they are glycerides (ester) of fatty acid or a mixture of fatty acids. Accordingly, the goods merit classification or assessment either under CTH 1511(in case of glycerides of fatty acids) or CTH 3823 (in case of a mixture of fatty acids), as the case may be. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">This clarification became redundant when Supreme Court of India in Civil Appeal No. 6979-6982 of 2009 in case of <em>CCEC & ST, Visakhapatnam vs. JOCIL India, vide Order dated 15.12.2010 </em><strong><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=26&filename=legal/sc/2010/2010-TIOL-116-SC-CUS.htm" target="_blank"><font size="1">2010-TIOL-116-SC-CUS</font></a></strong> held that ‘Palm Stearin' is specifically mentioned under CTH 3823 11 and is further differentiated as “Crude”, “RBD” in sub-heading 3823 11 11 and 3823 11 12 respectively. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">In view of this Apex Court judgment, it is clarified by the Board that the goods declared as “Crude Palm Stearin” shall be assessed under CTH 3823 11 11 of Customs Tariff Act, 1975. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">All pending cases should be finalized accordingly. Circular No. 81/2002-Cus dated 03.12.2002 is withdrawn by the Board.</font></p>
<p><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=25&filename=notification/custom/2011/cuscir11_031.htm" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">CBEC Circular No. 31/2011-Cus., Dated: July 26, 2011 </font></strong></a></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Exemption granted to food preparations including preparations containing meat </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>NOTIFICATION</strong> No. 3/2006-CE dated 01.03.2006 is amended further to provide for exemption from excise duty to certain food preparations falling under Chapters 16 or 19 (except 1905) by insertion of S. No. 13 after S. No. 12 therein. The said insertion reads as follows: </font></p>
<table width="450" border="1" align="center" cellpadding="3" cellspacing="0">
<tr>
<td valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(1)</font></strong></p></td>
<td valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(2)</font></strong></p></td>
<td valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(3) </font></strong></p></td>
<td valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(4) </font></strong></p></td>
<td valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(5) </font></strong></p></td>
</tr>
<tr>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">“13 </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">16 or 19 (except 1905) </font></p></td>
<td valign="top"><p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Food preparations including food preparations containing meat, which are prepared or served in a hotel, restaurant or retail outlet whether or not such food is consumed in such hotel, restaurant or retail outlet. </font></p></td>
<td valign="top"><p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Nil </font></p></td>
<td valign="top"><p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">-” </font></p></td>
</tr>
</table>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">It may be noted that by virtue of amending Notification No. 23/2011-CE dated March 24, 2011, S. No. 13 and entries relating thereto were omitted, amongst others. </font></p>
<p><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=30&filename=notification/excise/2011/etariff11_37.htm" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Notification No. 37/2011-CE, Dated: July 25, 2011 </font></strong></a></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Amending
Notification further amended by inserting strange condition </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>NOTIFICATION</strong> No. 23/2011-CE was issued on March 24, 2011 to amend principal Notification No. 3/2006-CE dated 01.03.2006. The said amending Notification reads as follows: </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><em><font color="#663399"><strong>In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 3/2006-Central Excise, dated the 1st March, 2006, published in the Gazette of India, Extraordinary, vide number G.S.R. 93(E), dated the 1st March, 2006, namely:- </strong></font></em></font></p>
<p align="justify"><font color="#663399"><strong><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">In the said notification, in the Table,-</font></em></strong></font></p>
<p align="justify"><font color="#663399"><strong><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(i) for S. No. 10 and the entries relating thereto, the following S. No. and the entries shall be substituted, namely :- </font></em></strong></font></p>
<div align="justify">
<table width="450" border="1" align="center" cellpadding="3" cellspacing="0">
<tr>
<td><p align="center"><font color="#663399"><strong><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(1) </font></em></strong></font></p></td>
<td><p align="center"><font color="#663399"><strong><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(2)</font></em></strong></font></p></td>
<td><p align="center"><font color="#663399"><strong><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(3) </font></em></strong></font></p></td>
<td><p align="center"><font color="#663399"><strong><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(4) </font></em></strong></font></p></td>
<td><p align="center"><font color="#663399"><strong><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(5) </font></em></strong></font></p></td>
</tr>
<tr>
<td><p><font color="#663399"><strong><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">‘10 </font></em></strong></font></p></td>
<td><p><font color="#663399"><strong><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1516 (except 151610 00) </font></em></strong></font></p></td>
<td><p><font color="#663399"><strong><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">All goods </font></em></strong></font></p></td>
<td><p><font color="#663399"><strong><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Nil </font></em></strong></font></p></td>
<td><p><font color="#663399"><strong><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">--'; </font></em></strong></font></p></td>
</tr>
</table>
</div>
<p align="justify"><font color="#663399"><strong><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(ii) S. No. 13 and the entries relating thereto shall be omitted; </font></em></strong></font></p>
<p align="justify"><font color="#663399"><strong><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(iii) S. No. 17 and the entries relating thereto shall be omitted. </font></em></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Now this Notification is amended to insert an explanation which reads as follows: </font></p>
<p align="justify"><em><strong><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif">Explanation.- Nothing contained in this notification shall apply to food preparations including food preparations containing meat, falling under chapters 16 or 19 (except chapter heading 1905) which are prepared or served in a hotel, restaurant or retail outlet whether or not such food is consumed in such hotel, restaurant or retail outlet. </font></strong></em></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">One wonders what effect this ‘explanation' will have on this amending Notification which makes no mention or reference to ‘food preparations'. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">NOW THE MOOT QUESTION IS WHETHER THE FOOD PREPARATIONS ARE EXEMPTED OR NOT. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Strange are the ways of Board's Notification manufacturing factory. </font></p>
<p><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=30&filename=notification/excise/2011/etariff11_36.htm" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Notification No. 36/2011-CE, Dated: July 25, 2011 </font></strong></a></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">No Minimum Residuary Service for CBDT/CBEC Chairman </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE</strong> President has amended the Central Board of Excise and Customs (Chairman and Members) Recruitment Rules, 2006. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Earlier, one of the qualifications for a Member to become Chairman was a <strong>residual service of one year or more</strong> on the date of occurrence of the vacancy of Chairman. Now this condition is removed paving the way for appointment of the senior-most Member as Chairman, even if he has only a month of service left. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">A similar amendment is made in Central Board of Direct Taxes (Chairman and Members) Recruitment (Amendment) Rules, 2011. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The Cabinet Secretary, the Foreign Secretary, the Service Chiefs all enjoy a fixed tenure of at least two years but why should Chairmen of the CBDT and CBEC not have a fixed tenure of at least two years? What can a Chairman do in a couple of months? </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Please also see our <a href="http://www.taxindiaonline.com/RC2/inside2.php3?filename=bnews_detail.php3&newsid=11685">TIOL - COB(WEB) – 214 </a>and </strong><a href="http://www.taxindiaonline.com/RC2/inside2.php3?filename=bnews_detail.php3&newsid=12502"><strong>TIOL - COB( WEB) - 239 </strong></a></font></p>
<p><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=70&filename=pitara/cbdt_notification_2.htm" target="_blank">Notification Nos. G.S.R. 562(E)</a> and <a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=70&filename=pitara/cbce_notification_2.htm" target="_blank">563(E) both dated: July 22, 2011</a> </font></strong></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">CBDT Chairman's Video Conference with Chief Commissioners </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE</strong> Chairman and Members of CBDT will hold a Video Conference with Chief </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Commissioners and Directors General of income tax on 29th July 2011 at 11.00 A.M. </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Issues for Discussion: </font></p>
<blockquote>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ Strategies for Revenue Augmentation in view of enhanced Budget Collection Targets for F.Y. 2011-12.
</font>
</p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ Widening of Tax base – CCs and DGs are expected to give concrete suggestions for widening the tax base in their regions. </font>
</p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ Early submission of deficient APARs etc.
</font>
</p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ Service Litigation matters.
</font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ Effective utilization of Training programmes conducted by NADT/RTls </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ Maintenance of Punctuality and Discipline in Office.</font></p>
</blockquote>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Companies
Act - scheme of Amalgamation - MCA Instructions </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>IT</strong> has been observed that various field formations are following different practices while sending comments to the High Courts in respect of scheme of arrangement/ amalgamation u/s 391-394 of the Companies Act, 1956 on behalf of the Central Government. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">MOC instructs:- </font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ On receipt of notice from the court u/s 394A regarding the scheme, the Regional Director should make an entry in a register or in electronic form. If the petition has already been filed with ROC in Form 61 in the system, the same can be monitored directly from the system. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ Thereafter within three days of receipt, Regional Director shall send a mail to ROC concerned for the report. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ ROC should furnish his report online to RD within 7 days from receipt of Form 61 without waiting for RD's communication. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ Within seven days of receipt of notice RD should send a letter to local branch of Law Ministry / Assistant Solicitor General appointed for the state by Law Ministry as the case may be (furnishing copy of the notices received u/s 394A) requesting for nomination of an advocate. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ Regional Director should send a letter within five days of receipt of notice to company /its Advocate to provide material of valuation report, Chairman's report regarding creditors / members meeting and on receipt of the information, the matter should be processed and finalized within a week's time. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ The finalized affidavit should be sent to designated Standing Counsel for the particular case for signature and then to Law Ministry (local branch) for identification. This exercise should not take more than five days after which the affidavit should be filed in Court Registry. </font></p>
</blockquote>
<p><a href="http://www.taxindiaonline.com/RC2/pdfnoti/pdfmca/pdf2011/Circular_53-2011_26july2011.pdf" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">MOC General Circular No. 53 /2011-CE, Dated: July 26, 2011 </font></strong></a></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Companies
Act - Winding Up Petitions - MCA Instructions </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>IT</strong> has
been noticed that winding up petitions are filed by creditors, stake holders
and management before High courts without providing full information. This
leads to waste of valuable time of the Court and also delays completion of
winding up process as well. In order to speed up the winding up process and
to introduce best international practices the winding up process, MCA has
issued instructions to the Official Liquidators. </font></p>
<p align="justify"><a href="http://www.taxindiaonline.com/RC2/pdfnoti/pdfmca/pdf2011/Circular_54-2011_26july2011.pdf"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">MOC General Circular No. 54 /2011-CE, Dated: July 26, 2011 </font></strong></a></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Companies
Act - Scrutiny, Inspection and investigation in all winding up cases </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>IT</strong> has been noticed that winding up petitions are being filed by management after having committed major violations under the Companies Act, 1956 as well as misappropriation of funds of the company. Winding up of such companies are also being filed by creditors. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">MOC instructs:- </font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ The moment winding up petition is filed before the Court, Official Liquidator (OL) will obtain a copy of petition and forward the same to the Registrar of Companies (ROC) concerned. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ ROC will have a scrutiny of the details/documents available in respect of the company in MCA21 registry and will submit a preliminary report to the Ministry within a week time for inspection or investigation, if so required. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ MCA will take a final view in the matter within a period of 15 days from the date of receipt of preliminary report from ROC. If any inspection under Section 209A and/or investigation under Section 235/237 of the Act is ordered, the same will be completed by the ROC and forwarded to the OL within 30 days. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ The OL will place the report before the Hon'ble High Courts for seeking appropriate order/action under Section 539 to 544 and other relevant provisions of the Act. Simultaneously, necessary action as per law will be initiated against the director, ex-director and key management of the company for any violation of law/ Companies Act, 1956. </font></p>
</blockquote>
<p><a href="http://www.taxindiaonline.com/RC2/pdfnoti/pdfmca/pdf2011/Circular_55-2011_26july2011.pdf" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">MOC General Circular No. 55 /2011-CE, Dated: July 26, 2011 </font></strong></a></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">India prepared for AEO supported by Globally Networked Customs </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>AT</strong> the invitation of Chairman S. Dutt Majumder of the Indian Central Board of Customs and Excise, WCO Secretary General Kunio Mikuriya visited New Delhi on 25-26 July 2011 to discuss progress within Indian Customs, including the launch of the Authorized Economic Operator (AEO) program and its system preparedness. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Indian Customs has been in consultations with the private sector in preparation for the AEO program and a pilot project has been scheduled to launch later this year. This development follows the recent opening of a National Operation Centre established to support the information system and therefore enable better data and risk management. Additionally, "Indian Customs has stressed its commitment to promoting Globally Networked Customs (GNC) to facilitate AEO-related information among other Utility Block areas and this latest development ;will pave the way for Mutual Recognition of AEO with other countries, the ultimate benefit of the AEO program", said Secretary General Mikuriya. </font></p>
<p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><img src="http://www.taxindiaonline.com/RC2/image/stories/wco1.jpg" alt="Legal Corner Icon" width="450" height="387" hspace="5" border="0" align="center"></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The WCO Chief with Revenue Secretary R. S. Gujral and CBEC Chairman Dutt Mazumder </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">[Source: WCO Report] </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"> – Thursday's cases</font></strong></font></strong></font></p>
<p><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><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">Service Tax </strong></font></p>
<p align="justify"><strong><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif">Market Research for foreign parent company - Not covered under Management Consultancy Service before 2007: CESTAT </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>BY</strong> the Finance Act, 2007, the definition of "Management or business consultant" was substituted. In the substituted definition of 'Management or business consultant", the services rendered in respect of marketing was specifically brought into definition. Both sides could not produce anything to indicate that this definition was with retrospective effect. In the absence of any evidence, the substituted definition could be only perspective. </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">Whether when assessee declares higher profits in revised return filed after detection of concealment, penalty u/s 271(1)(c) is warranted - YES, ITAT Third Member </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>SEARCH</strong> & seizure operation u/s. 132 of the Act was conducted on 24/1/2005 in Ritwika Group of companies. The assessee, was one of the associates of the group and proprietor of M/s. Ritwika Creations. The assessee dealt in wholesale saree business. During the search action, some documents were found and impounded. In response to notice issued u/s. 153A of the Act, the assessee filed return showing income of Rs.2,11,297/- without disclosing any unaccounted income, which was also the total income declared by the assessee in the return filed u/s. 139(1) of the Act. On the basis of the seized documents, the A.O. made enquiries during assessment proceedings and issued show-cause notices on several occasions to the assessee requiring her to explain, inter alia, as to why purchases made from about 20 parties should not be treated as bogus; the books of account should not be rejected and the expenses recorded in the seized documents should not be treated as unexplained expenditure. </font></p>
<p align="justify"><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">Import of raw materials for export under QBAL Scheme cannot be subjected to anti-dumping duty; Once it is held that there is no dumping, there is no question of retaining Provisional anti dumping duty: HC </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE</strong> purpose of introducing the EXIM Policy is to accelerate the economic growth to derive maximum benefits from the expanding global market opportunities. In giving a stimulus to sustain the economic growth, the Government thought it fit to provide access to essential raw materials, intermediates, components, consumables and capital goods required for promoting production. The object of this policy, hence, could be achieved only through the coordinated efforts of all the Departments of the Government, in general. As enunciated in the Policy, given the objective as stated above, the various Wings of the Government must act with a shared vision and commitment to facilitate better export promotion. </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>
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