TIOL-DDT 1742 · 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 1742</font><br> 29.11.2011<br> Tuesday </strong></font></p> <p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Self-assessment - Bill of Entry (Electronic Declaration) Regulations, 2011 - Notified </font></strong></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE</strong> CBEC has notified the Bill of Entry (Electronic Declaration) Regulations, 2011, in supersession of the Bill of Entry (Electronic Declaration) Regulations, 1995, in tune with the new self-assessment procedure. The new procedure is like this: </font></p> <blockquote> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ Enter the electronic declaration in the Indian Customs Electronic Data Interchange System by himself through ICEGATE or by way of data entry through the service centre. </font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ The bill of entry shall be deemed to have been filed and self-assessment of duty completed when, after entry of the electronic declaration in the Indian Customs Electronic Data Interchange System, a bill of entry number is generated by the System for the said declaration. </font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ After the completion of assessment, present the original bill of entry (customs copy) and duty-paid challan and supporting import documents to the proper officer of customs for making an order permitting clearance, after examination of the imported goods if so required. </font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ After making an order, the proper officer will generate duplicate bill of entry (importer's copy) and the triplicate bill of entry (exchange control copy). </font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ The original bill of entry (customs copy) along with supporting import documents will be retained by the proper officer of customs and after suitable endorsements, the duplicate bill of entry (importer's copy) and the triplicate bills of entry (exchange control copy) will be handed over to the importer. </font></p> </blockquote> <p><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=24&filename=notification/custom/2011/cnt11_079.htm" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Notification No. 79/2011 - Cus.,(NT.), Dated: November 25, 2011 </font></strong></a></p> <p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Shipping Bill (Electronic Declaration) Regulations, 2011 - Notified </font></strong></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>ON</strong> similar lines, the Shipping Bill (Electronic Declaration) Regulations, 2011 are also notified for export.</font></p> <p><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=24&filename=notification/custom/2011/cnt11_080.htm" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Notification No. 80/2011 - Cus.,(NT.), Dated: November 25, 2011 </font></strong></a></p> <p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Customs (Provisional Duty Assessment) Regulations, 2011 - Notified </font></strong></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>A</strong> 48 years old Customs (Provisional Duty Assessment) Regulations, 1963, is replaced by a new Customs (Provisional Duty Assessment) Regulations, 2011. </font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Under the new regulations:</font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Provisional assessment may be ordered if the importer or exporter in unable to make self-assessment or the proper officer is not able to verify the self-assessment; the importer/exporter is required to execute a bond. </font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The proper officer may require that the bond to be executed under these regulations may be with such surety or security, or both, as he deems fit. </font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>And now Penalty:</strong> One major change in the new regulations is imposition of penalty. <em>If any importer or exporter contravenes any provision of these regulations or abets such contravention, or who fails to comply with any provision of these regulations with which it was his duty to comply, he shall be liable to a penalty which may extend to fifty thousand rupees</em>. </font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Yet another opportunity for litigation! What is the great need for starting a new system with a hefty penalty and what is the penalty if the proper officer <em>contravenes any provision of these regulations?</em> </font></p> <p><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=24&filename=notification/custom/2011/cnt11_081.htm" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Notification No. 81/2011 – Cus.,(NT.), Dated: November 25, 2011 </font></strong></a></p> <p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Exchange Rates for November Notified </font></strong></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>CBEC</strong> has notified the Exchange Rates for imported goods and export goods for December 2011.</font></p> <p><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=24&filename=notification/custom/2011/cnt11_082.htm" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">CBEC Notification No. 82/2011-Cus.,(N.T.), Dated: November 28, 2011 </font></strong></a></p> <p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Anti Dumping Duty on Hot Rolled Flat Products of Stainless Steel </font></strong></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>GOVERNMENT</strong> has imposed anti dumping duty on Hot Rolled Flat Products of Stainless Steel of ASTM Grade 304 with all its variants, classified under Chapter 72 of the First Schedule to the Customs Tariff Act, originating in, or exported from, European Union, Korea RP, South Africa, Taiwan and USA. </font></p> <p><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2011/ctariff11_104.htm" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">CBEC Notification No. 104/2011-Cus., Dated: November 25, 2011 </font></strong></a></p> <p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Minimum Export Price of Onions - Reduced </font></strong></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>MINIMUM</strong> Export Price (MEP) of all varieties of onions except Bangalore Rose Onions and Krishnapuram Onions will be USD 250 per Metric Ton F.O.B. It was USD 350 per Metric Ton as notified on 18.11.2011. For Bangalore Rose Onions and Krishnapuram Onions it will be USD 300 per MT F.O.B instead of USD 400 per MT as notified on 18.11.2011.</font></p> <p align="justify"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=45&filename=notification/dgft/2010/dgft10not086.htm" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">DGFT Notification No. 86/(RE – 2010)/2009-2014, Dated: November 28, 2011 </font></strong></a></p> <p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Supreme Court on Bail </font></strong></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>IN </strong>a judgement delivered on 23rd November 2011 in the famous bail case which resulted in Kanimozhi getting bail yesterday, the Supreme Court observed, </font></p> <p align="justify"><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">In bail applications, generally, it has been laid down from the earliest times that the object of bail is to secure the appearance of the accused person at his trial by reasonable amount of bail. The object of bail is neither punitive nor preventative. Deprivation of liberty must be considered a punishment, unless it can be required to ensure that an accused person will stand his trial when called upon. </font></em></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><em>The courts owe more than verbal respect to the principle that punishment begins after conviction, and that <strong>every man is deemed to be innocent until duly tried and duly found guilty.</strong></em></font></p> <p align="justify"><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">From the earliest times, it was appreciated that detention in custody pending completion of trial could be a cause of great hardship. From time to time, necessity demands that some un-convicted persons should be held in custody pending trial to secure their attendance at the trial but in such cases, `necessity' is the operative test.</font></em></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><em>In this country, it would be quite contrary to the concept of personal liberty enshrined in the Constitution that any person should be punished in respect of any matter, upon which, he has not been convicted or that in any circumstances, he should be deprived of his liberty upon only the belief that he will tamper with the witnesses if left at liberty, save in the most extraordinary circumstances. Apart from the question of prevention being the object of a refusal of bail, one must not lose sight of the fact that any imprisonment before conviction has a substantial punitive content and it would be improper for any Court to refuse bail as a mark of disapproval of former conduct whether the accused has been convicted for it or not or to refuse bail to an un-convicted person <strong>for the purpose of giving him a taste of imprisonment as a lesson. </strong></em></font></p> <p align="justify"><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">This Court, time and again, has stated that <strong>bail is the rule and committal to jail an exception.</strong> It is also observed that refusal of bail is a restriction on the personal liberty of the individual guaranteed under Article 21 of the Constitution. </font></em></p> <p align="justify"><strong><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif">Should not the Customs officers arresting alleged smugglers, fairly inform them that they are entitled for bail? </font></strong></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><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">Service Tax </font></strong></p> <p align="justify"><strong><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif">Penalty - Section 78 - Assessee has to be informed about benefit of paying 25 percent penalty: HC </font></strong></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>AN</strong> assessee is required to be informed to avail the benefit of second proviso so that he can deposit 25% of the penalty amount. Such option alone will satisfy the purpose of insertion of the proviso as it is a benefit, which is conferred on the assessee. The Adjudicating Authority has not given such option. Since the amount of duty was already paid even before issuance of show cause notice, the direction to deposit 25% of the penalty amount in terms of the second proviso to Section 78 is fair, reasonable and meets the ends of justice. </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 AO has tangible materials, exercise of power to reopen assessment beyond four years period is not in excess of jurisdiction - NO, rules Bombay HC</font></strong></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THIS </strong>is a case where the AO has tangible material which has come before him in the course of the assessment proceedings for Assessment Year 2008-09 and which would form the subject matter of further investigation once the assessment proceedings for AO 2004-05 are reopened. The exercise of the power to reopen the assessment, though beyond a period of four years, is therefore not in excess of jurisdiction so as to warrant the issuance of a writ of certiorari. </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">Penalty on Customs Officer - Involvement of officer with exporter in DEPB fraud established - appeal dismissed: HC </font></strong></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE</strong> appellant is a Preventive Officer of Customs who had been imposed heavy penalties by the Commissioner and confirmed by the Tribunal for his involvement in fraudulent claim of DEPB by an exporter. </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> <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"><strong> <a href="mailto:vijaywrite@taxindiaonline.com">vijaywrite@taxindiaonline.com</a></strong></font> </body> </html>