TIOL-DDT 1781 · 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 1781</font><br>
24.01.2012<br>
Tuesday</strong></font></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">50 Years of Indian Customs Act - Tableau in Republic Day Parade </font></strong></p>
<p align="center"><img src="http://www.taxindiaonline.com/RC2/image/stories/Indian_Customs.jpg" alt="Legal Corner Icon" width="500" height="226" hspace="5" border="0" align="absmiddle"></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>26 JANUARY 2012</strong> will be a red-letter day for the Indian Customs. For the first time in the history of the Republic, a Customs Tableau will roll on the Jan Path. The Theme of the Customs Tableau is <strong>'A proactive force to guard our Economic Frontiers'</strong>. This will highlight the fact that, <em>Besides Indian Customs being a significant contributor to Central Government revenues and facilitating the movement of international passengers and goods, Indian Customs protects our economy, environment, wildlife and heritage by checking smuggling including that of endangered species of fauna, arts, antiquities etc. </em></font></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Trade Facilitation Fortnight in JNCH </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>AS</strong> part of the Golden Jubilee celebrations, the Jawaharlal Nehru Customs House, Nhava Sheva is organizing a Trade Facilitation fortnight from 19th January to 2nd February 2012 with an objective to improve standards of service delivery in the following areas of work: </font></p>
<p><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(i) Export </font></strong></p>
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<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Drawback disbursal- After filing of EGM, when the SB is transmitted to the queue of Supdt, DBK </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Within 24 hrs. The status of drawback sanctioned will also be displayed in our website <a href="http://www.jawaharcustoms.gov.in/"><strong>www.jawaharcustoms.gov.in</strong> </a> after the scroll is generated </font></p></td>
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<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Let Export Order in respect of SB registered </font></p></td>
<td valign="top"><p><strong><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif">Same day </font></strong></p></td>
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<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Cancellation of EPCG/DEEC Licence- After submission of all the relevant documents </font></p></td>
<td valign="top"><p><strong><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif">Within a week </font></strong></p></td>
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<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Licence registration of various E.P. schemes </font></p></td>
<td valign="top"><p><strong><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif">Same day </font></strong></p></td>
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<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Finalization of provisional assessment- After submission of all the relevant documents </font></p></td>
<td valign="top"><p><strong><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif">Within a week </font></strong></p></td>
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<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Generation of DBK scroll </font></p></td>
<td valign="top"><p><strong><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif">Shall be done twice a week </font></strong></p></td>
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<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Re-export of goods imported under Bond </font></p></td>
<td valign="top"><p><strong><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif">Within 24 hrs of filing of application </font></strong></p></td>
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<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Factory Stuffing permission </font></p></td>
<td valign="top"><p><strong><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif">Same day </font></strong></p></td>
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<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">EP copy generation </font></p></td>
<td valign="top"><p><strong><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif">Within 24 hrs </font></strong></p></td>
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<p><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(ii) Imports </font></strong></p>
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<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Verification of self-assessed BE </font></p></td>
<td valign="top"><p><strong><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif">Same day </font></strong></p></td>
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<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Clearance order in Docks for home consumption </font></p></td>
<td valign="top"><p><strong><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif">Same day of registration </font></strong></p></td>
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<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Special Additional Duty Refund subject to production of documents </font></p></td>
<td valign="top"><p><strong><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif">All cases pending more than 6 months would be liquidated </font></strong></p></td>
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<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Cancellation of PD Bonds- After submission of all the relevant documents </font></p></td>
<td valign="top"><p><strong><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif">Shall be attended to within a week </font></strong></p></td>
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<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">IGM amendments (Minor) </font></p></td>
<td valign="top"><p><strong><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif">Same day </font></strong></p></td>
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<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">IGM amendments (Major) </font></p></td>
<td valign="top"><p><strong><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif">Within 24 hrs (O-in-O would be issued within 24 hrs of the P.H. and submission of all the required documents) </font></strong></p></td>
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<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Pending IGM amendments (as on 19.01.2012) </font></p></td>
<td valign="top"><p><strong><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif">Shall be attended to by 02.02.2012 </font></strong></p></td>
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<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Board should have asked other Custom Houses also to come out with some such schemes.</font></p>
<p><a href="http://www.taxindiaonline.com/RC2/inside2.php3?filename=wnew/JNCH_Facility_Notice01_2012.htm" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">JNCH Facility Notice No. 01/2012, Dated: January 11 2012 </font></strong></a></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">High Seas Sales - FTA Benefit Denied?</font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>IN</strong> a recent meeting of a <strong>Trade Facilitation Committee</strong> of a major Custom House, the Trade informed that the goods covered under<em> the Foreign Trade Agreement, once sold on High Seas Sales Agreement, are not given FTA benefits as the name of the Importer and the Invoice Number does not commensurate with the FTA Certificate issued by the Exporting country. They also insisted that the Agreement benefit is on the Goods imported, not to the specific Importer. </em></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The Department informed that that the matter has been referred to the Board and reply is awaited. It will come after a couple of years. </font></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">High Seas Sales – Draft Procedure notified for eliciting comments! </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE</strong> JNCH had in a draft Public Notice proposed the following changes in respect to the clearance of consignments imported on High Seas sale basis. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The CHAs/Importers will submit the following High Seas Sale (HSS) documents to the Import Noting Section i.e: - </font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ Original Bill of Lading or a Non-Negotiable copy of the Bill of Lading duly endorsed by both the parties, in case the non- negotiable copy is not available, a photocopy of the Bill of Landing duly authenticated by the Shipping Line / Steamer Agents would be accepted. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ High seas sale contract, </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ Original Bank attested Invoice in support of the transaction, </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ Authority letter from the Importer addressed to DC/Import authorizing CHA for processing of the HSS documents. </font></p>
</blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The date of notarization of HSS contract will be the date of execution of HSS contract for the purpose of Customs registration. In case the seller or buyer is a limited or private limited firm, the HSS contract should accompany the Board Resolution of the firm with names and specimen signature of authorized signatories. In case the seller or buyer is a partnership, HUF or Proprietary firm, the signature should be bank attested on the NOC letters addressed to department normally submitted by the seller/buyer. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">No amendments in respect to description or any other particulars given in HSS contract will be allowed to be amended after registration with Customs. In case the buyer or sellers desire any amendment, they should enter into a fresh HSS contract. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The <strong>concerned </strong>TA/STA posted in Import section will check the documents for alert in respect of buyer and seller and description ofgoods, will forward the same to the ACAO/Supdt. posted in the Import section who will verify the genuineness of the documents and will forward it to the DC/Import for granting permission of HSS. </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">But it seems there was not much of a response from the stakeholders. </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"> – 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">Customs</font></strong></p>
<p align="justify"><strong><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif">If Bills of Entry were indicated as finally assessed and there being no change in rate of duty as well as amount of duty, there cannot be any presumption that Bills of Entry were provisionally assessed and remained to be provisionally assessed - CESTAT</font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>IMPORT</strong> of Cotton Seed Oil (Edible grade) by claiming benefit of duty exemption under Notification No. 20/99-Cus – Bills of Entry which were provisionally assessed were stamped as finally assessed on 25.05.2001 – In such a scenario, claim of Revenue that rate of duty and total amount was yet to be changed on the basis of test results, under the impression that late charge has already been given and confirmed, amounts to misreading provisions of Customs Act, 1962 – Assessment of Bill of Entry is an appealable decision under provisions of Customs Act, 1962 – If Bills of Entry were indicated as finally assessed and there being no change in rate of duty as well as amount of duty, there cannot be any presumption that Bills of Entry were provisionally assessed and remained to be provisionally assessed – No legal infirmity in order of Commissioner (Appeals) setting aside order of lower authority – Revenue appeal devoid of merits </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, to avail Sec 80IB(10) benefits, it is mandatory for developer to have ownership of project land - NO, rules HC </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>ASSESSEE</strong> claimed deduction u/s 80IB(10) on the income derived from the business of the undertaking developing and building housing project approved by the local authority. Assessee entered into a development agreement with the owners and the owners entered into an agreement to sell the land in question to the assessee. AO rejected the claim of the assessee stating that the assessee firm was not the owner of the land. Approval by the local authority as well as permission to develop the project and permission to commence construction were not in the name of the assessee firm. The assessee had merely acted as an agent or a contractor for construction of residential houses. </font></p>
<p align="justify"><strong><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif">Service Tax </font></strong></p>
<p align="justify"><strong><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif">Since neither corporation nor individuals are professionally qualified engineers or an engineering firm, prima facie they would not be covered by definition of consulting engineers - Pre-deposit waived: CESTAT </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>ON</strong> perusal, it is clear that the appellant's main objective is to undertake construction activities for and on behalf of the serving employees of Government of M.P. in the Police Department. The appellant body consists of various working officers of the Police department, who are managing the affairs of the Corporation. They are not qualified engineers. As such, neither the corporation nor the individuals handling the said corporation are professionally qualified engineers or an engineering firm, in which case they would not be prima facie covered by the definition of consulting engineers. </font></p>
<p align="justify"><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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