TIOL-DDT 367 · the untouched capture
Rendered as it looked. Links and images are disabled in this view; the file itself is untouched.
<html>
<head>
<title>Taxindiaonline's DDT 363</title>
</head>
<body>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b><font color="#663399" size="3">TIOL-DDT
367</font><br>
22 05 2006<br>
</b></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>Monday</b></font></p>
<p align=center ><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>CBEC
Commissioners’ transfers – commercial?</b></font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">A
Chennai based advocate asked the CBEC to furnish a list of Commissioners due
for transfer as sent to the placement committee and the minutes of the Committee.
You can’t get any information easily from the government but what is surprising
is the reasons they can think of to refuse to part with the information. The
CPIO informed the advocate that the information cannot be parted with as per
Rules 8(d) and 8(j) of the RTI Act. (What he meant was the sections and not
rules) As per these sections there shall be no obligation to give the following
information.</font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(d) information
including commercial confidence, trade secrets or intellectual property, the
disclosure of which would harm the competitive position of a third party, unless
the competent authority is satisfied that larger public interest warrants the
disclosure of such information; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(j) information
which relates to personal information the disclosure of which has no relationship
to any public activity or interest, or which would cause unwarranted invasion
of the privacy of the individual unless the Central Public Information Officer
or the State Public Information Officer or the appellate authority, as the case
may be, is satisfied that the larger public interest justifies the disclosure
of such information:</font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Now
the CPIO says that the information on Commissioners’ transfer list cannot be
given as they are covered under the above provisions. Now that raises the questions</font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">
1. Are the transfers commercial?</font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">
2. Do they affect the competitive interest of a third party?</font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">
3. Are there any trade secrets involved in transfer of commissioners?</font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">If
so, the people of this country are certainly entitled to know at what prices
the postings are going. At least this information should be made public so that
prospective bidders can know the market. At least there should be some transparency
in commercial activities including transfers. The stock market may fall but
the transfer industry seems to be thriving in spite of policies and Right To
Information Acts. (Please see our <b><u><a href="http://www.taxindiaonline.com/RC2/inside2.php3?filename=bnews_detail.php3&newsid=3743">TIOL
exclusive story</a></u></b><a href="http://www.taxindiaonline.com/RC2/inside2.php3?filename=bnews_detail.php3&newsid=3743">
</a>for more details)</font></p>
<p align=center ><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>Board’s
draft circulars responsible for stock market crash?</b></font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The
overheated Indian Stock Market was waiting for a reason to fall. An expert predicted
that the left landslide win in West Bengal and fairly good victory in Kerala
would cause the market to go south. But every opinion poll predicted the left
victory and certainly the stocks would not have gone up if Mamta Banerjee and
Karunakaran formed governments! But the stock markets were waiting for an opportunity
to fall. And the analysts found the draft circulars of the Board a good enough
peg to hang the blame on to. As usual <b>TIOL</b> was the first to carry the
draft circulars and of course within hours the rest of the world simply <i>borrowed</i>
from us and they say the stock market crashed. Later in the day we hope bring
an exclusive analysis from an expert on the issue. </font></p>
<p align=center ><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>Import
of car for R&D – DGFT clarification</b></font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">As
per Notification No. 2 dated 7.4.2006, vehicle manufactures, and auto component
manufacturers were allowed to import vehicles for R & D purposes. One of
the conditions for such imports was that the vehicle will not be registered
under the CMVR Rules in the country and will not ply on Indian roads. DGFT now
clarifies that the condition is applicable only for use as a passenger vehicle.
For the limited purpose of carrying out endurance test, evaluation test and
for other testing purposes, the vehicle may be registered as provided for in
the CMVR Rules</font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><u><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=46&filename=notification/dgft/2006/dgft06cir006.htm">POLICY
CIRCULAR NO. 06(RE-06)/2004-2009 Dated: May 18, 2006</a></u></font></p>
<p align=center ><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>Import
of fish lipid oil – DGFT specifies standards</b></font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">As
per the Import policy, import of fish lipid olil was ee. Now this continues
to be free but subject to certain standards as given below. </font></p>
<div align="justify">
<table width=450 border=1 align="center" cellpadding=3 cellspacing=0>
<tr>
<td width=349 valign=top > <p ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Free
fatty Acids (maximum) :</font></p></td>
<td width=251 valign=top > <p ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">0.10%
(as Oleic Acod)</font></p></td>
</tr>
<tr>
<td width=349 valign=top > <p ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Moisture
(maximum) :</font></p></td>
<td width=251 valign=top > <p ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">0.5%</font></p></td>
</tr>
<tr>
<td width=349 valign=top > <p ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Perozide
value (maximum) :</font></p></td>
<td width=251 valign=top > <p ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">10
milli equivalent/kg of oil</font></p></td>
</tr>
<tr>
<td width=349 valign=top > <p ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Eicosapentaenoic
Acid </font></p>
<p ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(EPA)+
Docosaphexaenoic </font></p>
<p ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Acid (DHA)
(minimum) :</font></p></td>
<td width=251 valign=top > <p ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">15%
(by weight)”</font></p></td>
</tr>
</table>
</div>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><u><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=45&filename=notification/dgft/2006/dgft06not007.htm">POLICY
NOTIFICATIONS NO. 07(RE-06)/2004-2009 Dated: May 18, 2006</a></u></font></p>
<p align=center ><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>DEPB
rates notified retrospectively</b></font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Don’t
worry! This is in favour of the trade. </font></p>
<div align="justify">
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1.The existing
DEPB rate of 6% notified vide Public Notice No. 12 dated 26.05.2005 for the
export product “Graphite Electrode/ Anode/ Nipples/ Fins/ Mix Graphite Products/
Graphite / finco” (description of export product subsequently corrected vide
Public Notice No. 37 dated 09.08.2005) appearing at Sr.No. 331 is corrected
to read as 7% with effect from 26.05.2005.</font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2.The existing
DEPB rate of 7% with the value cap of Rs. 1120/- per piece notified vide Public
Notice No. 37 dated 09.08.2005 for the export product “Hermetically Sealed
Compressors for Refrigerators & Commercial Refrigeration Applications
using eco friendly gases” appearing at Sr. No. 588 is made effective from
21.03.2005. </font></p>
</div>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><u><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=47&filename=notification/dgft/2006/dgft06pn010.htm">PUBLIC
NOTICE NO. 10 (RE-2006)/2004-2009, Dated: May 18, 2006</a></u></font></p>
<P align=center><B><IMG height=62 src="http://www.taxindiaonline.com/RC2/image/ddt/gnl_txt2.jpg" width=375></B></P>
<table width="375" border="1" align="center" cellpadding="0" cellspacing="0">
<tr>
<td><TABLE cellSpacing=0 cellPadding=3 width=375 border=0>
<TBODY>
<TR>
<TD width="67"><IMG height=67 src="http://www.taxindiaonline.com/RC2/image/ddt/gnl_word.jpg" width=67 align=absMiddle></TD>
<TD><div align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#0000FF">Peccadillo</font>
- A small sin or fault</strong></font></div></TD>
</TR>
</TBODY>
</TABLE></td>
</tr>
</table>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Our
TIOL Exclusive today mentions this word.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">
“........ Proof of guilt is sustained despite little infirmities, tossing peccadilloes
and peripheral probative short falls. The ‘sacred cows’ of shadowy doubts and
marginal mistakes, processual or other, cannot deter the court from punishing
crime where it has been successfully and substantially brought home. <i>Supreme
Court of India in In Narotam Singh v. State of Punjab, A.I.R. 1978. S.C. 1542.</i></font></p>
<p align=center ><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>Maxims</b></font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>Ignorance
of law is no excuse. </b></font></p>
<ul>
<li> <font size="2" face="Verdana, Arial, Helvetica, sans-serif">We are not
quite sure that if the maxim that everyone is presumed to know the law is
applied, there will be any case of payment under a mistake of law unless that
presumption is rebutted in the first instance, for, the moment it is assumed
that everyone is presumed to know the law, it is clear that no one can make
a mistake as to the law. It is sometimes said that every man is presumed to
know the law, but this is only a slovenly way of stating the truth that ignorance
of the law is not in general an excuse. “There is no presumption in this country
that every person knows the law, it would be contrary to common sense and
reason if it were so<br>
</font></li>
<li> <font size="2" face="Verdana, Arial, Helvetica, sans-serif">Ignorance of
law is no excuse but it is a factor to be taken into consideration while imposing
the quantum of penalty<br>
</font></li>
<li> <font size="2" face="Verdana, Arial, Helvetica, sans-serif">Now, for an
effective administration of law, it is essential to observe the rule that
ignorance of law- is no excuse. But before the knowledge of law is attributed
to every member of the public, the law must be published or promulgated for
general information<br>
</font></li>
<li> <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><i>While ignorance
of law is no excuse, yet an omission due to ignorance or understanding of
the law in a particular manner cannot lead to the inference of </i>mala fide<i>
intent, for which there should be some evidence on record.</i></font></li>
</ul>
<p align=justify ><font color="#660066" size="2" face="Verdana, Arial, Helvetica, sans-serif">When
an officer was transferred, the trade represented to retain him at least for
another three months – not because he was a very liked officer but because he
had already collected the hafta for the next quarter and they did not want to
pay the successor again.</font></p>
<p align="justify" ><font color="#FF6666" size="2" face="Verdana, Arial, Helvetica, sans-serif">Until
Tomorrow with more DDT </font></p>
<p align="justify"><font color="#FF6666" size="2" face="Verdana, Arial, Helvetica, sans-serif">Have
a nice day. </font></p>
<p align="justify"><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">vijaywrite@taxindiaonline.com</a></font></p>
</body>
</html>