TIOL-DDT 281 · 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 281</font><br> 12 01 2006<br> Thursday</b></font></p> <p align="center"><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>Groundnuts – export policy</b></font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"> The Schedule 2 of ITC(HS) Classifications of Export has been amended to allow free export of Groundnuts (Peanuts) and their products. This was earlier allowed only for Groundnuts (Peanuts)<br> <br> <a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=45&filename=notification/dgft/2005/dgft05not036.htm">NOTIFICATION NO. 36 (RE-05)/2004-2009, Dated : January 9, 2006</a></font></p> <p align="center"><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>Free import of Fixed wireless Phones</b></font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Import policy is amended to make Import of Fixed wireless Phones free and import of Radio communication equipment including VHF, UHF and microwave communication equipment not to be permitted except against a licence to be issued by the WPC wing of Ministry of Communications and Information Technology.<br> <br> <a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=45&filename=notification/dgft/2005/dgft05not037.htm">NOTIFICATION NO . 37 (RE-2005) / 2004-2009, Dated : January 9, 2006</a></font></p> <p align="center"><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>Online submission of applications – DGFT initiative</b></font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">DGFT had automated the entire process of issuance and transmission of DEPB licences for shipments effected from 1st October 2005 from specified 23 EDI ports. Now 10 more EDI Custom ports will be added to the list of EDI ports.<br> <br> ++ Efforts are being made by DGFT/Customs to streamline the system in a manner that all EDI shipping bills are transmitted by the Customs House to the ICEGATE and thereafter to the DGFT server on a regular basis<br> <br> ++ To give a further impetus to the online automation process, it has been decided that from 16th January 2006, all applications for issuance of Advance Licence (excluding Para 4.7 cases), Advance Licence for Annual Requirement and EPCG Licence shall be made on the DGFT website www.dgft.gov.in only with a digital signature and the licence fee will be submitted through the Electronic Fund Transfer (EFT) mode only. No manual applications or ECOM applications without digital signature and EFT will be accepted. The applicants may take into regard the following while making such applications<br> <br> ++ Since all applications for Advance/EPCG Licences (with effect from 16th January 2006) have to be made electronically with digital signature and Electronic Fund Transfer on the DGFT website, exporters are requested to file their applications sufficiently well in advance to enable the Regional Licensing Authorities to finalise their claims in time.<br> <br> ++ Help Guidelines’ are available on the DGFT website www.dgft.gov.in . Exporters are advised to go through these guidelines before submitting their licence applications to minimize errors.<br> <br> ++ As a measure of trade facilitation and to avoid inconvenience to the small exporters, all the Regional Licensing Authorities may assist the exporters in filing their claims through the ECOM modules<br> <br> <a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=46&filename=notification/dgft/2005/dgft05cir044.htm">CIRCULAR NO. 44 (RE-2005)/2004-2009, Dated: January 10, 2006</a></font></p> <p align="center"><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>Procedure for import under Tariff Rate Quota (TRQ)</b></font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">DGFT has amended the Hand Book<br> <br> ++ All eligible entities desiring availment of the quota, may make application to Exim Facilitation Committee (EFC) in the Aayaat-Niryaat Form of the Handbook of Procedures in the office of Directorate General of Foreign Trade (DGFT), Udyog Bhavan, New Delhi – 110 011. The completed application forms along with the required / prescribed documents must reach this office on or before 1st March of each financial year preceding to the year of the quota e.g. Applications for TRQ for 2006-07 must reach DGFT by 1st March, 2006.<br> <br> ++ The Exim Facilitation Committee (EFC) in the DGFT will evaluate and allot the quota among the applicants by 31st March of each financial year preceding to the year of the quota e.g. For 2006-07, EFC will allot quota by 31st March, 2006.<br> <br> <a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=47&filename=notification/dgft/2005/dgft05pn080.htm">PUBLIC NOTICE NO. 80 (RE-2005)/2004-09, Dated: January 9, 2006</a></font></p> <p align="center"><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>Export of Goods and Services – RBI Liberalisation</b></font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">With a view to further liberalise the facilities available to exporters and simplify the procedure for export, RBI has authorized AD banks to consider grant of GR approval, in cases where goods are being exported for repairs, maintenance, calibration, testing etc. and subsequently re-imported after necessary repairs / maintenance / calibration / testing, etc. subject to the condition that the exporter shall produce relative Bill of Entry within one month of re-import of the exported item from India. In cases where the goods being exported for testing are destroyed during testing, AD banks may obtain a certificate issued by the testing agency that the goods have been destroyed during testing, in lieu of Bill of Entry for import.<br> <br> <a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=49&filename=notification/rbi/2005/rbi05cir021.htm">RBI CIRCULAR NO 21, Dated: January 10, 2006</a></font></p> <p align="center"><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>8.5% EPF rate for ‘05-06</b></font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"> The Government ignoring the demand of trade unions for retaining 9.5 per cent rate of EPF interest for the current fiscal, the government notified 8.5 per cent rate as recommended by the Central Board of Trustees of the EPFO. An official release said that the EPFO will meet the deficit of Rs 365.89 crore on account of 8.5 per cent interest rate from its own resources.</font></p> <p align="center"><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>Saif savours summons</b></font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Actor Saif Ali Khan yesterday appeared before the Customs Department to answer the charges of duty evasion on an imported car, Toyota Lexus. He is reported to have appeared before Additional Commissioner G S Narang and given his voluntary statement out of his own true will without any coercion, inducement or threat knowing fully well that the statement can be used against him.</font></p> <p align="center"><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>The Cost of Not Paying Attention</b></font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>A recent study shows :-</b><br> <br> ++ Modern-day staff work for just 11 minutes before they are interrupted by an e-mail, phone call or a metaphorical tap on the shoulder from a colleague.<br> <br> ++ Once people are interrupted, it takes an average of nearly half an hour to return to the original task, but some workers admit their concentration is ruined for the rest of the day.<br> <br> ++ The employees devoted an average of just 11 minutes to a project before the ping of an e-mail, the ring of the phone, or a verbal interruption from a manager or colleague pulled them in another direction.<br> <br> ++ The five biggest causes of interruption were a colleague stopping to talk, being called away from the desk (or leaving voluntarily), arrival of new e-mail, doing another task on the computer, or a phone call.<br> <br> ++ Edward Hallowell, a leading psychiatrist, said: "They complained that they were more irritable than they wanted to be. Their productivity was declining and they couldn't get organised." He has branded workers' compulsive use of mobiles, computers, and Blackberries as "screen-sucking".<br> <br> ++ Business leaders recognised that interruptions happen, but said they should be managed alongside regular workload.<br> <br> ++ David Lonsdale, assistant director of CBI Scotland, said: "Interruptions, from within or outwith the workplace, can sometimes make it seem hard to get things done, particularly with the growth in use of new technology.<br> <br> ++ However, unexpected calls or queries do not necessarily have to disrupt the working day. Less urgent items can be done later, and those pop-up boxes and bells that signal the arrival of new e-mail can be disabled. Telephone calls can also be screened.<br> <br> ++ In next-generation systems, interruptions are designed to be less intrusive, without flashes, pop-ups or pings. For example, e-mail alerts will appear on the periphery of a screen that is larger than today's standard, so that workers remain concentrated on their main task.<br> <br> ++ People such as Condoleezza Rice, US secretary of state, claims to stay focused by avoiding junk food and doing daily workouts. Although a serious multi-tasker and mobile phone fan, Ms Rice does not rely on e-mail or a hand-held computer, but carries her agenda in her head.<br> <br> ++ It has been described as multi-tasking madness as office workers struggle to balance their normal workload with an increasing number of e-mails and other demands.<br> <br> <font color="#663399"><b>But the question is how do we get to a place ten years from now where we’re thriving, given the fact that globalization and the Internet are here, and we’re directly competing with 1.2 billion Chinese and 1 billion people in India?</b></font></font></p> <p align="right"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b><i>Governor of South Carolina (US of A) Mark Sanford in his state Address</i></b></font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"> <font color="#FF6666"><b>Until tomorrow with more DDT<br> <br> Have a nice day.<br> <br> Mail your comments to </b></font><a href="vijaywrite@taxindiaonline.com">vijaywrite@taxindiaonline.com </a></font></p> </body> </html>