TIOL-DDT 2161 · 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 size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><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=17063"><img src="http://www.taxindiaonline.com/RC2/image/stories/limca_book2013.jpg" alt="DDT in Limca Book of Records" width="175" height="120" hspace="5" border="0" align="right"></a></font></strong></font></strong></font></strong></font></strong></font></strong></font></strong></font></strong></font></strong></font><font color="#663399" size="3">TIOL-DDT 2161</font><br>
01.08.2013<br>
Thursday</strong></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"> </font></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Transferred Officers not Relieved - CBEC asks Chief Commissioners to Explain </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>BOARD</strong> has observed that large number of officers transferred/posted in the AGT-2013 have not been relieved by the jurisdictional Chief Commissioner/ DG. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Board had in letter dated 19.07.2013, requested that all such officers must be relieved by 22.07.2013 failing which the respective controlling authority will owe an explanation for not relieving the officers transferred in the AGT-2013 and disciplinary action will also be initiated against the <strong>concerned </strong>officers, in case of non-compliance of the directions by the given date of 22.07.2013.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>The Board has viewed the matter seriously</strong>. The <strong>concerned </strong>Chief Commissioners/DGs are, therefore, requested to explain the reasons for non-compliance of the Board's directions, latest by 30th July, 2013. An updated compliance report is also to be sent to the Board with a copy to the DGHRD/ADG(HRM), positively by 31.07.2013. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Obviously, the<strong> concerned</strong> officers are not seriously <strong>concerned</strong>. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">This is not the first time that the Board is viewing this kind of disobedience seriously. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Please see a few reported in <strong>DDT </strong>over the years: </font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1. <font color="#FF0000">Disobedient IRS - angry FM in</font> <a href="http://www.taxindiaonline.com/RC2/NewsDesc.php?MpoQSrPnM=NDE0NQ=="><strong>DDT 432 - 22.08.2006 </strong></a></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2. <font color="#FF0000">Transferred officers - are they relieved</font> - <a href="http://www.taxindiaonline.com/RC2/NewsDesc.php?MpoQSrPnM=NDIzNA=="><strong>DDT 446 - 11.09.2006 </strong></a></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">3. <font color="#FF0000">Please Obey our Orders - Board requests CCs</font> -<strong> <a href="http://www.taxindiaonline.com/RC2/NewsDesc.php?MpoQSrPnM=MTEyMTg=">DDT 1415 - 03.08.2010 </a></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">4. <font color="#FF0000">Transferred Officers not Relieved - Board Serious!!!!!</font> - <a href="http://www.taxindiaonline.com/RC2/NewsDesc.php?MpoQSrPnM=MTI2NDQ="><strong>DDT 1630 - 15.06.2011 </strong></a></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">5. <font color="#FF0000">Transferred Officers not Relieved - Board is Again Serious </font>- <a href="http://www.taxindiaonline.com/RC2/NewsDesc.php?MpoQSrPnM=MTI3ODY="><strong>DDT 1653 - 18.07.2011 </strong></a></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">6. <font color="#FF0000">Transferred Officers Not relieved - Board is Very Serious! </font>-<strong> <a href="http://www.taxindiaonline.com/RC2/NewsDesc.php?MpoQSrPnM=MTMzMTg=">DDT 1704 - 30.09.2011 </a></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">7. <font color="#FF0000">Transfer Orders - Disobedient Officers - CBEC is Again Angry</font> - <a href="http://www.taxindiaonline.com/RC2/NewsDesc.php?MpoQSrPnM=MTU4NjU="><strong>DDT 1941 - 13.09.2012 </strong></a></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">8. <font color="#FF0000">What is Sanctity of CBEC Transfer orders?</font> - <a href="http://www.taxindiaonline.com/RC2/NewsDesc.php?MpoQSrPnM=MTYwMDQ="><strong>DDT 1954 - 03.10.2012 </strong></a></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">9. <font color="#FF0000">Transferred Officers Stand Relieved Today - CBEC is Serious</font> - <a href="http://www.taxindiaonline.com/RC2/NewsDesc.php?MpoQSrPnM=MTYwNzU="><strong>DDT 1961 - 12.10.2012 </strong></a></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">10. <font color="#FF0000">Relieve transferred Commissioners immediately - CBEC tells Chief Commissioners </font>- <a href="http://www.taxindiaonline.com/RC2/NewsDesc.php?MpoQSrPnM=MTgyMTk="><strong>DDT 2150 - 17.07.2013 </strong></a></font></p>
</blockquote>
<p><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=70&filename=pitara/sernews/order/cbec_compliance.htm" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">CBEC F. No.A-2201317/2013-Ad.II, Dated: July 25, 2013 </font></strong></a></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Finally, ST-3 Form appears offline </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>ASSESSEES</strong> should be thankful to the Board for a lot many things, but for the moment, with regard to the announcement that "<font color="#990000">Offline Excel utility for filing half-yearly ST-3 for the period October 2012 to March 2013 available in ACES now</font>". We had requested the Board through this column on a couple of occasions <strong>[<a href="http://www.taxindiaonline.com/RC2/NewsDesc.php?MpoQSrPnM=MTgxMDc=" target="_blank">DDT 2138</a> & <a href="http://www.taxindiaonline.com/RC2/NewsDesc.php?MpoQSrPnM=MTgyMzU=" target="_blank">DDT 2152</a>]</strong> and yesterday <strong>[<a href="http://www.taxindiaonline.com/RC2/NewsDesc.php?MpoQSrPnM=MTgzMTU=" target="_blank">DDT 2160]</a></strong> hoped that the elusive form ST-3 makes its appearance before the sun sets on the horizon. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">As mentioned, needful has been done as far as the offline version is concerned and the <font color="#FF0000">online version would be made available shortly</font>. The Board says that the form ST-3 has new user-friendly features. In the days to come, we will come to know!. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">By the way, the ACES website also exhorts assessees with the following message - "<em>To avoid congestion and inconvenience in the last minute, all assessees are hereby advised to start e-filing the returns immediately and not to wait till the last date.</em>" </font></p>
<p align="justify"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">Everyone knows that extension of the date for filing returns is a regular feature and not an exception. Earlier the Board took its time for devising the form and now the assessees would plead for more time for filling the form. </font></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">I-T- Returns - Due Date for Filing - Extended </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE</strong> CBDT, in exercise of powers conferred under Section 119 of the Income Tax Act extended the ‘due-date' for filing Returns of Income from 31st July 2013 to 5th August 2013. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">CBDT requests Taxpayers to avail of this extension of time and file their returns after paying due taxes. </font></p>
<p><a href="http://www.taxindiaonline.com/RC2/inside2.php3?filename=wnew/order_extension_return_filing.htm" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">CBDT F. No. 225/117/2013/ITA.II, Dated: July 31, 2013 </font></strong></a></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Opening of special counters for filing Returns of Income </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>IN</strong> view of extension of due date for filing of return of Income from 31" July, 2013 to 5th August, 2013 vide CBDT's Order under section 119 of IT Act in F.No 225/117/2013/ITA.II dated 31.7.2013, CBDT has requested the Chief Commissioners that special arrangements may be made for accepting the returns of income from 01.08.2013 to 05.08.2013 (including 3rd and 4th August, being Saturday and Sunday, respectively) to facilitate the tax payers to file their returns. </font></p>
<p><a href="http://www.taxindiaonline.com/RC2/inside2.php3?filename=wnew/cbdt_order_002_2013.htm" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">CBDT F. No. 225/117/2013/ITA.II, Dated: July 31, 2013 </font></strong></a></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">FTP - Inviting Suggestions to prevent unintended benefit under Incremental Export Incentivisation Scheme </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">'<strong>INCREMENTAL</strong> Export Incentivisation Scheme' was announced by Notification No. 27 dated 28.12.2012 and Notification No. 3 dated 18.04.2013. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">DGFT wants RAs to be more careful to prevent unintended benefit under the scheme in cases where growth in exports is more than 25 % or the total incremental growth is Rs. 10 crore or more. Their scrutiny of the claim may require, inter alia, </font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1. Calling for evidence of manufacture / purchase of export goods i.e. excise return/sales tax returns or any other evidence. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2. Checking exports of company from whom goods have been purchased i.e. whether such company had done export in previous 2 years and quantum of exports in current year. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">3. Calling for any other evidence to justify export growth and consequent entitlement of IEIS.</font></p>
</blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">DGFT also requests/encourages stakeholders to give feedback /suggestion on the above matter preferably through e-mail to <a href="mailto:hardeep.singh@nic.in"><strong>hardeep.singh@nic.in </strong></a>up to 18.00 hrs on 20.08.2013. </font></p>
<p align="justify"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=329&filename=notification/dgft/2013/dgft_trade_notice_06_2013.htm" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">DGFT Trade Notice No. 6/2013, Dated: July 31, 2013 </font></strong></a></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff Values for Gold & Silver increased </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE </strong>Central Government has increased the Tariff Value of Gold, Silver& Brass Scrap. The Tariff values of various Palm oils, Palmolein and Crude Soyabean oil have been reduced. Surprisingly, Poppy seed value which refused to budge for long has seen a drastic fall. Areca Nuts Tariff value remains same since inception. </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The rates as on 15.07.2013 and with effect from 31.07.2013 are as under: </font></p>
<p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Table 1 </font></strong></p>
<table width="90%" border="0" align="center" cellpadding="3" cellspacing="0">
<tr>
<td valign="top" width="0"><p><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">S. No. </font></strong></p></td>
<td valign="top" width="0"><p><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Chapter/ heading/ sub-heading/tariff item </font></strong></p></td>
<td valign="top" width="0"><p><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Description of goods </font></strong></p></td>
<td valign="top" width="0"><p><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff value USD(Per Metric Tonne) <br>
from 15.7.2013 </font></strong></p></td>
<td valign="top" width="0"><p><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff value USD(Per Metric Tonne) <br>
from 31.7.2013 </font></strong></p></td>
</tr>
<tr bgcolor="#DD9B9B">
<td width="0" valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(1) </font></strong></p></td>
<td width="0" valign="top" bgcolor="#DD9B9B"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(2) </font></strong></p></td>
<td width="0" valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(3) </font></strong></p></td>
<td width="0" valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(4) </font></strong></p></td>
<td width="0" valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(5) </font></strong></p></td>
</tr>
<tr>
<td valign="top" width="0"><p><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1 </font></strong></p></td>
<td valign="top" width="0"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 10 00 </font></p></td>
<td valign="top" width="0"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Crude Palm Oil </font></p></td>
<td valign="top" width="0"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">834 </font></p></td>
<td valign="top" width="0"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">820 </font></p></td>
</tr>
<tr bgcolor="#DD9B9B">
<td width="0" valign="top"><p><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2 </font></strong></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 90 10 </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">RBD Palm Oil </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">867 </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">855 </font></p></td>
</tr>
<tr>
<td valign="top" width="0"><p><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">3 </font></strong></p></td>
<td valign="top" width="0"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 90 90 </font></p></td>
<td valign="top" width="0"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Others - Palm Oil </font></p></td>
<td valign="top" width="0"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">851 </font></p></td>
<td valign="top" width="0"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">838 </font></p></td>
</tr>
<tr bgcolor="#DD9B9B">
<td width="0" valign="top"><p><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">4 </font></strong></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 10 00 </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Crude Palmolein </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">876 </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">868 </font></p></td>
</tr>
<tr>
<td valign="top" width="0"><p><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">5 </font></strong></p></td>
<td valign="top" width="0"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 90 20 </font></p></td>
<td valign="top" width="0"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">RBD Palmolein </font></p></td>
<td valign="top" width="0"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">879 </font></p></td>
<td valign="top" width="0"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">871 </font></p></td>
</tr>
<tr bgcolor="#DD9B9B">
<td width="0" valign="top"><p><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">6 </font></strong></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1511 90 90 </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Others - Palmolein </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">878 </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">870 </font></p></td>
</tr>
<tr>
<td valign="top" width="0"><p><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">7 </font></strong></p></td>
<td valign="top" width="0"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1507 10 00 </font></p></td>
<td valign="top" width="0"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Crude Soyabean Oil </font></p></td>
<td valign="top" width="0"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">975 </font></p></td>
<td valign="top" width="0"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">952 </font></p></td>
</tr>
<tr bgcolor="#DD9B9B">
<td width="0" valign="top"><p><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">8 </font></strong></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">7404 00 22 </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Brass Scrap (all grades) </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">3759 </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">3828 </font></p></td>
</tr>
<tr>
<td valign="top" width="0"><p><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">9 </font></strong></p></td>
<td valign="top" width="0"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1207 91 00 </font></p></td>
<td valign="top" width="0"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Poppy seeds </font></p></td>
<td valign="top" width="0"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">4395 </font></p></td>
<td valign="top" width="0"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2648 </font></p></td>
</tr>
</table>
<p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Table 2</strong></font></p>
<table width="90%" border="1" align="center" cellpadding="3" cellspacing="0">
<tr bgcolor="#FFFF00">
<td width="0" valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">S. No. </font></strong></p></td>
<td width="0" valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Chapter/ heading/ sub-heading/tariff item </font></strong></p></td>
<td width="0" valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Description of goods </font></strong></p></td>
<td width="0" valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff value <br>
(USD) from 15.7.2013 </font></strong></p></td>
<td width="0" valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff value <br>
(USD) from 31.7.2013 </font></strong></p></td>
</tr>
<tr bgcolor="#FFFF00">
<td width="0" valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(1) </font></strong></p></td>
<td width="0" valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(2) </font></strong></p></td>
<td width="0" valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(3) </font></strong></p></td>
<td width="0" valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(4) </font></strong></p></td>
<td width="0" valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(5) </font></strong></p></td>
</tr>
<tr bgcolor="#FFFF00">
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1 </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">71 or 98 </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Gold, in any form in respect of which the benefit of entries at serial number 321 and 323 of the Notification No. 12/2012-Customs dated 17.03.2012 is availed </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">416 per 10 grams </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">430 per 10 grams </font></p></td>
</tr>
<tr bgcolor="#FFFF00">
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2 </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">71 or 98 </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Silver, in any form in respect of which the benefit of entries at serial number 322 and 324 of the Notification No. 12/2012-Customs dated 17.03.2012 is availed </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">638 per kilogram </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">639 per kilogram </font></p></td>
</tr>
</table>
<p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Table 3</font></strong></p>
<table width="90%" border="1" align="center" cellpadding="3" cellspacing="0">
<tr bgcolor="#FFFF00">
<td valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">S. No. </font></strong></p></td>
<td valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Chapter/ heading/ sub-heading/tariff item </font></strong></p></td>
<td valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Description of goods </font></strong></p></td>
<td valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff Value (US $ Per Metric Tons) from 15.7.2013 </font></strong></p></td>
<td valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff Value (US $ Per Metric Tons) from 31.7.2013 </font></strong></p></td>
</tr>
<tr bgcolor="#FFFF00">
<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>
<td valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(4) </font></strong></p></td>
<td valign="top"><p align="center"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(5) </font></strong></p></td>
</tr>
<tr bgcolor="#FFFF00">
<td valign="top"><p><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">080280 </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Areca nuts </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1613 </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1613 (no change) </font></p></td>
</tr>
</table>
<p><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=24&filename=notification/custom/2013/cnt13_080.htm" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Notification No. 80/2013-Cus (NT), Dated: July 31, 2013 </font></strong></a></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">100% CENVAT credit taken on capital goods in first year itself - assessee is required to pay interest on 50% of CENVAT credit availed in first year </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>IN </strong>this interesting case, the applicant had taken 100% of the CENVAT credit on the capital goods in the first year itself. That's blasphemous, one may say, taking the entire credit in one go when the rule allows one to take 50% in the first year and the balance of <em>whatever is left</em> in the subsequent years! </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Now, suppose, an assessee commits this blasphemy, what should the department do? </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Issue a demand notice seeking recovery of the extra 50% credit availed <strong>OR</strong> seek recovery of the <em><strong>entire</strong></em> amount of CENVAT credit availed and proposing imposition of equivalent penalty and interest. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The <em>CCE, Pune-I</em> officers opted for the second alternative and successful they were up to the level of the first appellate authority. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Before the CESTAT, the appellant submitted that that they are entitled for 50% of the CENVAT credit in the first year and remaining 50% in the subsequent year on the capital goods and the only question arises is interest on the 50% of the CENVAT credit taken in the first year. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The Bench observed -<font color="#663399"><em> "Undisputedly, it is not a case of the department that they are not entitled for the CENVAT credit. However, the applicants had to pay interest on the 50% of the CENVAT credit availed on capital goods in the first year." </em></font></font></p>
<p align="justify"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">See </font><font size="1" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/caseLawDet.php?QoPmnXyZ=ODkzMTY=" target="_blank">2013-TIOL-1159 -CESTAT-MUM</a></font></strong></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Cell Tower erection - whether it will affect health of people or not, it is an undisputed fact that we are bound to live for rest of our lives with mobile phones in our pockets: Kerala HC </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE </strong>petitioner is a telecommunication infrastructure provider and had obtained a permit for erecting a telecommunication tower for their business from the local authority. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The petitioner filed a Writ Petition in the Kerala High Court seeking issuance of a Writ of Mandamus directing the Police to extend all support and adequate protection for the construction and operation of Mobile Telecommunication tower and protection for its workers and assets connected to the telecommunication tower and operations thereon from the <em><strong>henchmen</strong></em> of the respondents. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">By virtue of an Interim Order of the Court, the petitioner completed construction of the tower, but they could commission it only after getting orders from the Court. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">So, they seek further orders in the matter. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The High Court observed -</font></p>
<blockquote>
<p align="justify"><em><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif">"Whether the commissioning of a telecommunication tower would affect the health of the people of the area is an issue which is still being debated among the scientist communities all over the world. This Court has, in two decisions, held that there is no evidence that the same will affect the health of the people. Whether it will affect the health of the people or not, it is an undisputed fact that we are bound to live for the rest of our lives with mobile phones in our pockets. The statute prescribes certain licenses and permits for erecting telecommunication towers. All what we can ensure is that such requirements are complied with in the erection and operation of the tower. In the above circumstances, if the petitioner has obtained necessary permits and licenses, nobody can prevent them from erecting and commissioning telecommunication towers. Therefore, we dispose of the writ petition with a direction to respondents 1 and 2 to see that the petitioner is not prevented from commissioning the telecommunication tower already erected, if they have all the permits and licences to operate the telecommunication tower." </font></em></p>
</blockquote>
<p><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">See <font size="1"><a href="http://www.taxindiaonline.com/RC2/caseLawDet.php?QoPmnXyZ=ODkzMTg=" target="_blank">2013-TIOL-592-HC-KER-MISC </a></font></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">Refund - Unjust enrichment - Whether amount in dispute charged as expenditure in Profit and Loss account constitutes cost of manufacture absorbed by sale value and refund is hit by unjust enrichment - Matter referred to Third Member: CESTAT </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>MEMBER </strong>(T): No presumption can be made that the amount had been recovered from the customers as increased cost and hence increased price. The burden would be on the Department to prove that this amount had been recovered from the buyers as increased price. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Member (J):</strong> Once there is no disclosure of recovery from the Department in the asset side of the Balance Sheet, definitely the amount in question was adjusted in the cost of manufacture through profit and loss account as excise duty as has been done by appellant in this case and admitted by it as well as absorbed by sale value. Thus the amount sought to be refunded by appellant was already recovered by him through sale. Therefore, it has no locus standi to seek refund from Revenue to be unjustly enriched at the cost of Revenue. The amount in dispute having been a constituent of the cost of manufacture, it cannot be said that such cost was not absorbed by sale price. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">And the matter goes to Third Member </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 assessee writes off security deposits paid against leased premises as ordinary business loss it can be construed as revenue expenditure - YES: ITAT </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE</strong> assessee is a company engaged in the export and local trading of various handloom products including readymade garments. The AO disallowed a claim of write off of debit balance for an amount of Rs.22,10,200/- being advance rent and security deposit.The amount of Rs.21,10,400/- consisting of Rs.7,36,800 as advance rent of 3 months and a Rs.14,73,600/- as security deposit was paid by the appellant in pursuance to the lease agreement entered by the appellant with lessor for premises in Ghaziabad for 9 year at rental charges of Rs.2,45,600 p.m. On account of certain unavoidable circumstances, the agreement was not finalized and concluded. No refund whatsoever was given by the lessor to the appellant in spite of various remaindered and demand. Since the amount could not be recovered, it was written off in the books of accounts and claimed the same as allowable revenue expenditure. The AO allowed deduction in respect of only Rs.736800/- in respect of loss of advance rent but similar claim in respect of security deposit was rejected. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The issue before the Bench is - Whether when assessee writes off security deposits paid against leased premises as ordinary business loss it can be construed as revenue expenditure. And the verdict goes in favour of the assessee. </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">ST - No person could reasonably harbour any manner of doubt that when legislation is under challenge, challenged legislation is in eclipse to be upheld: CESTAT </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE</strong> learned counsel for the appellant strenuously contends that since provisions of Section 66A were in challenge before various Courts, the appellant assessee was under a bonafide impression that compliance with the said provisions is not mandatory. This contention is stated to be rejected. It is axiomatic. Legislation is operative proprio vigore on its enactment and effectuation. The operation of legislation is not contingent upon affirmation by the judicial branch, even where a challenge to its constitutionality is presented before the Courts. No person therefore, could reasonably harbour any manner of doubt that when legislation is under challenge, the challenged legislation is in eclipse to be upheld. </font></p>
<p align="justify"><strong><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif">See our Columns Friday for the judgements</font></strong></p>
<p align="justify"><font color="#FF6666" size="2" face="Verdana, Arial, Helvetica, sans-serif">Until Friday 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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