TIOL-DDT 391 · the untouched capture
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<p align="justify" > <b><font color="#663399" size="3" face="Verdana, Arial, Helvetica, sans-serif">TIOL-DDT
391</font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><br>
23 06 2006<br>
Friday</font></b></p>
<p align="center" ><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>Import
of pulses – any port is permitted</b></font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">By Notification
No. 57/2006 dated 8.6.2006, <i>Pulses, when imported through customs ports having
capacity to handle bulk imports </i>was exempted and immediately a netizen asked
us which those ports are. We could not of course reply and could only request
the government to announce the list of such ports. </font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Now the
good government has deleted the condition of import through ports capable of
bulk imports. The confusion is over. Pulses can be imported through any port
and there is no duty. Thanks to the Board!</font></p>
<p ><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2006/ctariff06_062.htm">NOTIFICATION
NO. 62/2006-Customs, Dated: June 20, 2006</a></font></p>
<p align="center" ><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>Cabinet
clears Aircraft Act amendments – is kite flying a serious offence?</b></font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The cabinet
has given its nod to major amendments in the ancient Aircraft Act, 1934. Sarcastic
references are made to the definition of aircraft under the Act. There was
a story in the Times of India some time back, part of which reads as</font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><i>The
Aircraft Act of 1934 describes the aircraft as “balloons fixed or free, airship,
kites, gliders and flying machines”. According to this act the Director General
of Civil Aviation has the powers to regulate operations of an aircraft, which
by Indian law, could be a kite or a balloon that's floating in the air or fixed
to a child's hand. While there have been considerable attention on laws that
guard Indian skies, it is not clear why there is not yet an intelligent description
of what constitutes an aircraft.</i></font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">It is true
that the definition of aircraft includes balloons and kites but the ‘know all’
journalists who write derisive articles about stupid laws, unfortunately do
not go into the law thoroughly before they ridicule the government. Though kites
fall under the definition of aircraft, kite flying is not going to be regulated
by DGCA as can be seen from the Rules.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>Rule
20 says,</b></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>20. Certain
rules not applicable to gliders and kites- Rule 7 shall not apply to gliders,
and rules 5, 6, 7, 12, 15, 17,19 and the rules in Part III, with the exception
of rule 26 in so far as it relates to the dropping of articles from aircraft,
shall not apply to kites. And these are the non applicable rules</b></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><u>5.
Registration and nationality and registration marks </u></font></p>
<p align="justify"><u><font size="2" face="Verdana, Arial, Helvetica, sans-serif">6.
Licensing of personnel</font></u></p>
<p align="justify"><u><font size="2" face="Verdana, Arial, Helvetica, sans-serif">7.
Documents to be carried in aircraft</font></u></p>
<p align="justify"><u><font size="2" face="Verdana, Arial, Helvetica, sans-serif">12.
Prohibited areas</font></u></p>
<p align="justify"><u><font size="2" face="Verdana, Arial, Helvetica, sans-serif">15.
Conditions to be complied with by aircraft in flight</font></u></p>
<p align="justify"><u><font size="2" face="Verdana, Arial, Helvetica, sans-serif">17.
Production of licences, etc</font></u></p>
<p align="justify"><u><font size="2" face="Verdana, Arial, Helvetica, sans-serif">19.
Cancellation, suspension or endorsement of licence and certificates </font></u></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">So you don’t
really need a licence to fly a kite. If it is any consolation for the critics
of Indian Laws, this is how the American Law defines aircraft.</font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b><i>Aircraf:-.
"Aircraft" means any contrivance, now known or hereafter invented,
used or designed for navigation of or flight in the air. </i></b></font></p>
<p align="center" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b><font color="#006600">RBI</font></b><font color="#006600"><b>
Act – in place</b></font></font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The Reserve
Bank of India (Amendment) Bill, 2006 has been enacted. With the President signing
the legislation as passed by Parliament and its gazette notification, the Act
has come into force. </font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The Act
empowers the Reserve Bank of India (RBI) to lay down policy directions to any
agency dealing in various kinds of contracts in respect of Government securities,
money-market instruments and derivatives and inspect such agencies. It also
empowers the RBI to deal in derivatives and to lend or borrow securities. The
Act enables the RBI to remove the lower and upper ceiling of Cash Reserve Ratio
(CRR) and to provide flexibility to RBI to specify the CRR. </font></p>
<p align="center" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b><font color="#006600">China</font></b><font color="#006600"><b>
leads in fake goods</b></font></font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Of all
the fake and counterfeit goods seized by the U.S. Customs Department, 72 percent
originated in China. A commerce department of USA expert said in a web cast
yesterday that U.S. companies are extremely frustrated with China’s enforcement
of IP protection laws. Nowhere is this more obvious than in the electronics
industry, where some companies have avoided setting up anything but a sales
office for fear that trade secrets would be stolen, reproduced, and then sold
competitively against the company that created the IP. But while China is the
most obvious violator, it’s not the only one. Other countries that rank high
in the counterfeit trade are Russia, Brazil and <b>India</b>.</font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The US
government has a programme called <b>STOP - Strategy</b> Targeting Organized
Piracy.</font></p>
<p ><font color="#FF6666" size="2" face="Verdana, Arial, Helvetica, sans-serif">Until Monday
with more DDT </font></p>
<p ><font color="#FF6666" size="2" face="Verdana, Arial, Helvetica, sans-serif">Have a
nice Weekend. </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">vijaywrite@taxindiaonline.com</a></font></p>
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