TIOL-DDT 277 · the untouched capture
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<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN"> <html> <head> <title>Untitled Document</title> <meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1"> </head> <body> <div align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"> <font size="3"><strong><font color="#663399">TIOL-DDT 277</font></strong></font><strong><br> 05 01 2006<br> Thursday</strong></font></div> <p align="center"><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Board circulates Supreme Court order</strong></font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">A cryptic circular from the Board says, “Please find enclosed herewith a copy of the Supreme Court order 01-03-2005 in Civil Appeal Nos. 2816-2818/2002 in the matter of Commissioner of Central Excise, Nagpur versus M/s Simplex Mills Co. Ltd. for information.” You can get the order in <a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=50&filename=legal/sc/2005/2005-TIOL-68-SC-CX-LB.htm"><strong>2005-TIOL-68-SC-CX-LB</strong></a>. The order in effect held that Grey cotton canvas cloth is classifiable under Chapter 52 and not 59.</font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=31&filename=notification/excise/2005/excircular823.htm">CIRCULAR NO. 823/20/2005-CX, Dated: December 28, 2005</a></strong></font></p> <p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Customs officers create ruckus over parking</font></strong></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The way the parking slot guys fleece you in those busy places makes you feel that owning a vehicle is a big curse. The parking in the airport costs a cool hundred rupees which I can often avoid by claiming to be a Customs officer. But sometimes the parking guy is not impressed and would ask, “So what if you are Customs, pay the parking” But what happens if real Customs officers are denied parking in prime slots? They lock up the Customs station and go on strike as the officers in the Kingston Container Terminal did yesterday. The entire clearance activities came to a stand still and importers had to incur demurrage before the Customs officers persuaded to open the gates and forget about minor parking inconvenience.</font></p> <p align="center"><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Income Tax evasion – go to the Schools</strong> </font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The Bangle Desh IT department has found a novel method to unearth tax evasion. They had gone to the top schools to find information about parents. According to the investigation on the American International School and the International School Dhaka, National Board of Revenue sleuths found that more than 500 local students have been studying in the two schools.<br> <br> These schools charge Tk 1.0 million on an average for each student as tuition and training fees. “But this is ridiculous as the guardians of the students have each declared annual income of only Tk 100,000 in their TIN returns," said Khairuzzaman Chowdhury, Chairman NBR. There are many poor parents in India who pay anything from Rs 1 Lakh to Rs 20 Lakhs as donation for a seat in many schools and colleges. </font></p> <p align="center"><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Right To Information – Government gets info on Service Tax </strong></font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">She is all of 101 but that did not dissuade Vidyagauri Thakore of Andheri to use the RTI Act to fight her cable operator. When the cable operator refused to give her a bill, she used the RTI Act to find out that he was not paying Service Tax; he was not even registered. The Central Excise department has initiated action against the cable operator to collect the Service Tax. Age certainly is no bar to exercise your rights. </font></p> <p align="center"><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>NTT in Force</strong> </font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The NTT Act is now a reality. The Act is in place; the Government has to only notify the date of operation, appoint members, recruit staff, find buildings and infrastructure, decide the seats of benches and immediately get all those cases lying in the High Courts. </font></p> <p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><br> <font color="#660000"><b>Yatra yogeshvarah Krishno, yatra partho dhanur dharah;</b></font></font></p> <p align="center"><b><font color="#660000"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Tatra srirvijayo bhutir dhruva nitir matir mama," </font></font></b></p> <p align="justify"><font color="#FF6600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Where Sri Krishna, the Lord of Yoga, is; and Arjuna, the wielder of the bow, is; simultaneously seated in one chariot, together; there perfection reigns supreme, success is at hand, all glory is there at once, and there is perfect righteousness.</strong></font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#FF6666">Until tomorrow with more DDT</font></strong></font></p> <p align="justify"><font color="#FF6666"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Have a nice day. </font></strong></font></p> <p align="justify"><font color="#FF6666"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Mail your comments to </font></strong></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="mailto:vijaywrite@taxindiaonline.com">vijaywrite@taxindiaonline.com</a></font></p> </body> </html>