TIOL-DDT 169 · the untouched capture
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<font size="2" face="Verdana, Arial, Helvetica, sans-serif"> <strong><font color="#996699" size="3">TIOL-DDT
169</font><br>
01 08 2005<br>
Monday</strong></font>
<p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#006633">Advance
Ruling – Extended to Indians</font></strong></font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">In <strong>DDT</strong>
143 on 24-06-2005, DDT made a fervent appeal to make advance ruling applicable
to Indians, under the caption “<strong>Andolan for Swadeshi Advance Ruling</strong>”.
Now we are extremely happy to report that the government has conceded advance
ruling even for the Indians though in a very limited sense applicable to the
Singapore imports under the recently notified rules of origin. Now a resident
Indian proposing to import from Singapore under the new scheme can seek advance
ruling on determination of origin of goods and related matters. <strong>DDT</strong>
congratulates the government on this great concession given to the citizens
of this country and requests the government to consider the possibility of extending
the facility of advance ruling on all matters in Customs, Central Excise and
Service Tax.</font></p>
<p><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=24&filename=notification/custom/2005/cnt05_069.htm"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Notification
No. 69/2005-Cus., (N.T.), Dated: July 29, 2005</strong></font></a></p>
<p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#006633">Tariff
value of brass scrap hiked </font></strong></font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The government
has hiked the tariff value of imported brass scrap by over two hundred dollars
per Metric Tonne. The tariff value which used to be USD 1665 is now increased
to USD 1867. </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=24&filename=notification/custom/2005/cnt05_070.htm">Notification
No. 70/2005-Cus., (N.T.), Dated: July 29, 2005</a></strong></font></p>
<p align="center"><font color="#006633" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>CFS,
Mulund added list of stations for clearance of imported metal scrap</strong></font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=25&filename=notification/custom/2005/cuscir05_032.htm">Circular
No. 32/2005-Cus, Dated: July 28, 2005</a></strong></font></p>
<p></p>
<p align="center"><font color="#006633" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Export
of meat and edible meat offal - DGFT extends effective date of Notification</strong></font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Vide Notification
No. 12/2004-09 dated 21-12-2004 the DGFT had amended the ITC (HS) Classification
to restrict the export of meat and meat products to items obtained/sourced from
abattoir/meat processing plant registered with APEDA. Vide Notification No.
24/2004-09 dated 21-02-2005 these provisions were to come in to effect from
1st June, 2005. Now it is extended till 1st October, 2005.</font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=45&filename=notification/dgft/2005/dgft05not017.htm">Notification
No. 17/2004-09-DGFT, Dated: July 28, 2005</a></strong></font></p>
<p align="center"><font color="#006633" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>DGFT
amends ITC (HS) classification for wood products</strong></font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">For Wood Charcoal
(including shell or nut charcoal) the policy is free import. Now the words ‘including
shell or nut charcoal’ are deleted. </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=45&filename=notification/dgft/2005/dgft05not018.htm">Notification
No. 18/2004-09-DGFT, Dated: July 28, 2005</a></strong></font></p>
<p align="center"><font color="#006633" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Foreign
direct investments in petro-sector and air transport Services</strong></font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Reserve Bank of
India informs authorized dealer banks that the government of India has further
liberalized the foreign direct investment limit in petroleum sector and domestic
air lines under the automatic route. FDI upto 100% is permitted in petroleum
marketing, oil exploration and petroleum product pipe lines. In the domestic
air line sector FDI upto 100% is permitted by non-resident Indians and upto
49% by others. However foreign air lines are not allowed either direct or indirect
equity participation. </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=49&filename=notification/rbi/2005/rbi05cir004.htm">RBI
Circular No. 4, Dated: July 29, 2005</a></strong></font></p>
<p align="center"><font color="#006633" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Cocoa
beans – Retrospectively exempted</strong></font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Cocoa beans, Cocoa
shells etc., were exempted from excise duty by Notification No. 15/2005-CE,
dated 2-5-2005. Apparently there was no exemption notification for the period
28-2-2005 to 1-5-2005 consequent to the introduction of the 8 Digit Tariff.
This is now rectified by issuing a notification under Section 11C to provide
that the duty is not required to be collected during that period. </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=30&filename=notification/excise/2005/exnt05_031.htm">Notification
No. 31/2005-CE (N.T.), Dated : July 27, 2005</a></strong></font></p>
<table width="450" border="1" align="center" cellpadding="2" cellspacing="1">
<tr>
<td><div align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#006633">A
letter said to have been written by an irate Rail passenger in 1909</font></strong><br>
</font> </div>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Dear Sir,</font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">I am arrive
by passenger train at Ahmedpore station, and my belly is too much full
of jack fruit. I am therefore went to privy, Just as I doing the nuisance,
that guard making whistle blow for train to go off and I am running with
lotah in one hand and dhotie in the next hand. I am fall over and expose
my shockings to man, females, woman on platform. I am get leaved at Ahmedpore
station.</font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">This too
much bad, if passenger go to make dung, that dam guard no wait train 5
minutes for him. I am therefore pray your honour to make big fine on that
guard for public sake, otherwise I am making big report to papers.</font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Your faithful
servant,</font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Okhil Ch.
Sen</font></p></td>
</tr>
</table>
<p></p>
<p><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Until
Tomorrow with more DDT<br>
Have a nice day.<br>
<br>
Mail your comments to <a href="mailto:vijaywrite@taxindiaonline.com">vijaywrite@taxindiaonline.com</a></strong></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"> </font></p>
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