TIOL-DDT 215 · the untouched capture
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<html> <head> <title>Untitled Document</title> <meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1"> </head> <body bgcolor="#FFFFFF"> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b><font color="#663399" size="3">TIOL-DDT 215</font><br> 04 10 2005<br> Tuesday</b></font></p> <p align="center"><b><font color="#006633" size="2" face="Verdana, Arial, Helvetica, sans-serif"> Clearance of imported metal scrap </font></b></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">As per DGFT Public Notice No.53/2004-09, dated 19.09.2005, import of scrap will be allowed only in shredded form from the ports listed in Annexure-II to Appendix-V of the Handbook of Procedures. There is only one port i.e. Bandar Abbas, Iran mentioned in the Annexure-II at present. In view of above change in the Handbook of Procedure, Board has also amended its circular No. .56/2004-Cus, dated 18.10.2004 to stipulate that:- <br> <br> 1. Import of metal scrap in unshredded, compressed and loose form shall not be permitted from ports listed in Annexure-II<br> <br> 2. In case of import from such ports, the same should be treated as violation of the provisions of Foreign Trade Policy and stringent penal action should be taken<br> <br> 3. Clearance of such consignments should be done on 100% examination.</font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"> <a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=25&filename=notification/custom/2005/cuscir05_040.htm">CIRCULAR NO . 40/2005-Cus, Dated : October 3, 2005</a></font></p> <p align="center"><font color="#006633" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>CBI to accompany Lahar Ajwani to her new job</b></font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Remember PK Ajwani? He was the Central Excise Commissioner who had a special visit from the CBI last year and had so much currency lying around that it took them over 8 hours to count all that currency.<br> <br> Now his daughter Lehar Ajwani has got a job with a software company in Tiruvanathapuram. The only catch is the employer wants to see her passport. But Lehar who is a co-accused with her father does not have the passport. CBI has it and CBI is not ready to part with it. Finally the High Court has directed CBI to accompany her to the employer and show the passport. </font></p> <p align="center"><font color="#006633" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>AK 47 - they have better ones</b></font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Dr. G. sreekumar Menon in our special story on AK 47 says, <b>The AK 47 gun has become a universal favourite of legitimate armed forces as well as terrorist groups.</b> A few years ago I had the opportunity of handling an AK 47, while undergoing a training programme in the Police Academy. “Are these the same weapons that the Naxalites have?”, I asked the Instructor. “No! They have better ones” was his terse reply. <br> <br> <font color="#FF6666"><b>Until Tomorrow with more DDT</b></font></font></p> <p align="justify"><font color="#FF6666"><b><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Have a nice day. <br> <br> Mail your comments to</font></b></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"> <a href="vijaywrite@taxindiaonline.com">vijaywrite@taxindiaonline.com </a></font></p> </body> </html>