TIOL-DDT 1849 · the untouched capture
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<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/inside2.php3?filename=bnews_detail.php3&newsid=14276"><img src="http://www.taxindiaonline.com/RC2/image/ddt/ddt_1794.jpg" alt="DDT in Limca Book of Records" width="175" height="120" hspace="5" border="0" align="right"></a></font></strong></font><font color="#663399" size="3">TIOL-DDT 1849 </font><br>
03.05.2012 <br>
Thursday </strong></font></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Customs - Proper Officers Assigned </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>AS</strong> per Section 2(34) of the Customs Act, <em>“proper officer”</em>,<em> in relation to any functions to be performed under this Act, means the officer of customs who is assigned those functions by the Board or the Commissioner of Customs.</em></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Now, the Board has assigned various officers as ‘proper officers'.</font></p>
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<td valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Sl. No. </font></strong></p></td>
<td valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Designation of the officers </font></strong></p></td>
<td valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Functions under Section of the Customs Act, 1962 </font></strong></p></td>
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<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>
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<td valign="top"><p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1. </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Commissioner of Customs. </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(i) Section 33. </font></p></td>
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<td valign="top"><p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2. </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Additional Commissioner or Joint Commissioner of Customs. </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(i) Sub-section (5) of section 46; and </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(ii) Section 149. </font></p></td>
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<td valign="top"><p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">3. </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Deputy Commissioner or Assistant Commissioner of Customs and Central Excise. </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(i) Sub-section (5) of section 17; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(ii) Section 18; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(iii) Section 21; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(iv) Section 22; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(v) Section 26A; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(vi) Section 28; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(vii) Section 28B; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(viii) Section 28BA; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(ix) Section 30; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(x) Sub-section (2) of section 31; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(xi) Section 32; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(xii) Proviso to section 34; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(xiii) Section 35; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(xiv) Section 42; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(xv) Sub-section (3) of section 45; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(xvi) Second Proviso to sub-section (1) of section and sub-section (2) of section 46; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(xvii) Section 48; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(xviii) Sub-section (3) of section 54; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(xix) Section 59; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(xx) Section 60; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(xxi) Section 61; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(xxii) Section 63; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(xxiii) Clause (f) of section 64; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(xxiv) Section 67; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(xxv) Section 72; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(xxvi) Section 73; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(xxvii) Section 80; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(xxviii) Section 85; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(xxix) Section 89; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(xxx) Section 97; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(xxxi) Sub-section (1A) of section 110; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(xxxii) Section 129A; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(xxxiii) Section 129DD; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(xxxiv) Section 129E; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(xxxv) Section 130D; and </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(xxxvi) Section 142. </font></p></td>
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<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">4. </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Deputy Director or Assistant Director in the Directorate General of Revenue Intelligence and Directorate General of Central Excise Intelligence. </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(i) Section 28B; and </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(ii) Section 72. </font></p></td>
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<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">5. </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Superintendent of Customs and Central Excise or Appraiser </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(i) Section 13; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(ii) Section 14; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(iii) Sub-sections (2), (3), (4) and (6) of section 17; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(iv) Section 19; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(v) Section 40; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(vi) Section 41; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(vii) Clause (b) of sub-section (2) of section 45; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(viii) Sub-sections (1) and (4) of section 46; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(ix) Section 47; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(x) Section 50; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(xi) Section 51; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(xii) Section 54; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(xiii) Section 62; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(xiv) Clause (a) to (e) of section 64; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(xv) Section 68; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(xvi) Section 69; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(xvii) Section 79; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(xviii) Section 83; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(xix) Section 86; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(xx) Section 92; and </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(xxi) Section 93. </font></p></td>
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<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">6. </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Intelligence Officer in the Directorate General of Revenue Intelligence and Directorate General of Central Excise Intelligence. </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(i) Section 37; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(ii) Section 100; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(iii) Section 103; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(iv) Section 106; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(v) Section 106A; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(vi) Sub-sections (1) and (3) of section 110; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(viii) Section 144; and </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(ix) Section 145. </font></p></td>
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<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">7. </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Inspector of Customs and Central Excise or Preventive Officer or Examining Officer. </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(i) Sub-section (1) of section 31; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(ii) Section 34 excluding proviso to the section; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(iii) Section 37; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(iv) Section 38; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(v) Section 39; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(vi) Clause (a) of sub-section (2) of section 45; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(vii) Section 77; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(viii) Section 94; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(ix) Section 95; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(x) Section 100; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(xi) Section 103; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(xii) Section 106; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(xiii) Section 106A; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(xiv) Sub-sections (1) and (3) of section 110; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(xv) Section 144; and </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(xvi) Section 145. </font></p></td>
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<p><strong><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif">Who was the Proper Officer all these days? </font></strong></p>
<p><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=24&filename=notification/custom/2012/cnt12_040.htm" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Notification No. 40/2012 - Cus, Dated: May 02, 2012 </font></strong></a></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Anti Dumping Duty on POY - Resurrection but no Retrospective Duty </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>PROVISIONAL</strong> Anti Dumping Duty on ‘Partially Oriented Yarn (POY)' originating in, or exported from, the China PR was imposed by Notification No. 77/2006-Cus., dated 2-08-2006. This Notification was effective only till 01.02.2007. But by Notification No. 92/2007-Customs dated the 3rd August 2007, they imposed definitive anti dumping duty on this product with effect from the date of provisional anti dumping duty i.e 02.08.2006. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">But was there no dumping and injury to domestic industry during the period 02.02.2007 to 02.08.2007? </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Even this Notification No. 92/2007-Customs dated the 3rd August 2007 expired on 1 st August 2011. Then the Government by Notification No. 71/2011 dated 09.08.2011 extended it till 10th February 2012, eight days after its death. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">On 10th February, they forgot to extend it, which they have done now. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Fortunately, they have not given retrospective effect to it. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">But was there no dumping between 11th February and 1st May 2012? </font></p>
<p><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=337&filename=notification/custom/2012/ctariffadd12_022.htm" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Notification No. 22/2012-Customs (ADD) Dated: May 02, 2012 </font></strong></a></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Classification of Micro/Mini SD Cards – CBEC Clarifies </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>DOUBTS</strong> have been raised as regards the classification of Micro / Mini SD Cards in the Sub-heading 852351, which covers Semiconductor media, Solid – state non-volatile storage devices or the Sub-heading 852352, which applies to Semiconductor media, Smart cards. The matter was also deliberated upon in the Bangalore 2011 Conference of Chief Commissioners of Customs. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Board clarifies that Micro / Mini SD Cards are correctly classified in Sub-heading 8523.51 as Semiconductor media, solid-state, non-volatile data storage devices by application of General Rules for Interpretation of Import Tariff </font></p>
<p><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=25&filename=notification/custom/2012/cuscir12_012.htm" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Circular No. 12/2012 - Cus, Dated: May 01, 2012 </font></strong></a></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">FTP – Regional Authority - Srinagar - Notified </font></strong></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>DGFT</strong> has specified the jurisdiction of the newly created Srinagar Regional Office and the revised jurisdiction of Jammu regional Authority. </font></p>
<p><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=47&filename=notification/dgft/2010/dgft10pn108.htm" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">DGFT Public Notice No. 108/2009-2014 (RE-2010) Dated: May 02, 2012 </font></strong></a></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Fake Income Tax Raid at Saharanpur </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>A</strong> gang of 6 persons led by one VD Goyal, so called Investigation Officer of Income Tax raided the house of a doctor in Saharanpur (UP) on 18.04.2012. They produced a fake letter from the Commissioner of Income Tax, Lucknow before the SSP, Saharanpur and got police help for the raid. The gang took away Rs. 11.10 Lakhs and demanded a bribe to close the case. (Maybe to add authenticity). The Police nabbed two members of the gang and a driver of the doctor. But the mastermind VD Goyal is absconding. </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Police and Income Tax are on the lookout. </font></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">We Informed Vodafone about Tax Liability - CBDT </font></strong></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE </strong>CBDT in a clarification states, </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><em>“The first notice in the transaction relating to sale of 66.9848% stake of Hutchison Essar Ltd. (HEL) was issued on 15th March, 2007 under section 133(6) of the Income-tax Act, by the Additional Director of Income Tax (International Taxation), Mumbai to HEL in which it was asked to submit certain details regarding the transaction including shareholders agreements and memorandum of understanding between Hutchison Telecommunications International Ltd. and Vodafone Group dated 11th February, 2007. In the said notice, it has been clearly mentioned that as per information available (from Press Releases of the parties concerned), Vodafone International Holdings BV proposes to acquire the entire issued share capital of CGP Investments (Holdings) Ltd., a company incorporated in Cayman Islands indirectly from HTIL and the full details of the transaction was sought. <br>
<br>
When the Indian company showed its inability to submit the details, another notice was issued on 23rd March, 2007 in which, after quoting the Press releases from HTIL and Vodafone, it was mentioned that HTIL/Hutchison Group had made substantial gains from their investment in HEL. It was clearly mentioned that the capital gains are chargeable to tax in India. It was further mentioned that if in case, parties to the transaction proposes to advance any other view, they are at liberty to approach the Assessing Officer. It was explained that the payer (Vodafone Group) as well as the payee (Hutchison Telecom Group) can make an application to the Assessing Officer under sections 195(2) and 197 of the Income-tax Act, 1961, respectively for determining the exact tax liability resulting from the above-mentioned transaction. </em></font></p>
<p align="justify"><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">This advisory of the tax department was conveyed to the parties concerned, that is, to Vodafone Group and to HTIL. This has been confirmed by HEL in writing through their letter dated 5th April, 2007. It has been mentioned by HEL in the said letter that “we have provided copies of this letter to the concerned parties” and that this has been done solely on the request of the tax department and without assuming any responsibility or liability whatsoever for any actions and transactions of the two non-resident entities. </font></em></p>
<p align="justify"><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">HEL had its principal office at Mumbai but was assessed to tax at Chandigarh. The Assessing Officer at Chandigarh, on 28th March, 2007, had written two letters to HEL, one of which was addressed to Vodafone UK in which attention of provisions of section 195 was drawn. Replies to the two letters were provided on 1st April, 2007 in which it has been stated that the letter addressed to Vodafone UK is being returned. These correspondences had no relationship with the enquiry conducted at International Taxation Directorate, Mumbai, which had the jurisdiction over the said transaction. </font></em></p>
<p align="justify"><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Thus, Vodafone cannot say that it had received no communication from the tax department, about the chargeability of the transaction to tax in India. Further, it chose to ignore the advice, received before the conclusion of the transaction, that Vodafone or HTIL should approach the Assessing Officer under sections 195/197 of the Income-tax Act, 1961, for determining the exact tax liability in India."</font></em><font size="2" face="Verdana, Arial, Helvetica, sans-serif"> </font></p>
<p align="justify"><strong><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif">But did they inform that in case Vodafone wins in Supreme Court, Law would be amended retrospectively. If Vodafone had done its homework, it would have known that this is usual practice here. </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"> – Friday'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">Central Excise </font></strong></p>
<p align="justify"><strong><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif">Wagons are classifiable under chapter 86 of CETA, 1985 and cannot be considered as capital goods or as components, spares and accessories of specified capital goods - directed to make pre-deposit of Rs.1.09 Crores: CESTAT </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE</strong> applicants are receiving duty paid cement in bulk from M/s ACC Ltd. and the same is packed into bags and sold to the customer. The activity of repacking amounts to manufacture as per the provisions of section 2(f) of the Central Excise Act, 1944. The applicant purchased duty paid wagons and availed CENVAT credit by treating the same as capital goods. The jurisdictional authorities denied the credit on the ground that the wagons are classifiable Chapter 86 of the Central Excise Tariff, which is not covered under the definition of capital goods under the provisions of Rule 2(a) of CENVAT Credit Rules </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">IC Diesel Engines notified under rule 3 of Drawback rules for purpose of All Industry Rate of drawback - Both, appellant and department committed an error in applying for and sanctioning of brand rate of draw back under rule 6 - CESTAT.</font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE </strong>appellant are manufacturer and exporters of IC Diesel Engines. During the period from May, 2005 to December, 2008, they exported the said goods under advance licence-cum-draw back scheme and from December, 2008 onwards under draw back scheme. The appellant applied for determination and sanction of drawback for the goods exported during May, 2005 to January, 2010 under Rule 6(1)(a) of the Draw Back Rules and the Jurisdictional Commissioner of the Central Excise determined the amount of draw back in respect of the said goods under Rule 6(1)(b) based on the declaration made in the application for fixation of brand rate and draw back was sanctioned and paid to the appellant. </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"><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Income
tax - Whether in case of reassessment law mandates that reasons recoreded
must be served alongwith Sec 148 notice to assessee - NO, rules Delhi HC</strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE </strong>issues
before the Bench are - Whether at the time of issuing the notice to reopen
the assessment, the Assessing Officer is only expected to form a prima facie
or tentative belief that income chargeable to tax had escaped assessment
and whether there is no requirement under the Act in section 148(2), that
the reasons recorded must be served alongwith the Sec 148 notice. And the
verdict goes agaisnt the assessee.</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 align="justify"><font color="#FF6666" size="2" face="Verdana, Arial, Helvetica, sans-serif">Until Tomorrow with more <strong>DDT</strong> </font></p>
<p align="justify"><font color="#FF6666" size="2" face="Verdana, Arial, Helvetica, sans-serif">Have a Nice Day </font></p>
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