TIOL-DDT 395 · the untouched capture
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<p > <b><font color="#663399" size="3" face="Verdana, Arial, Helvetica, sans-serif">TIOL-DDT
395</font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><br>
29 06 2006<br>
Thursday</font></b></p>
<p align=center ><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>Anti-dumping
duty on Hexamine, originating in, or exported from, Saudi Arabia and Russia
- extended</b></font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">On the
recommendations of the Designated Authority, government has extended the antidumping
duty on the product till 27<sup>th</sup> June 2007. This duty was to expire
on 28.6.2006 and just a day before expiry, the government has extended it. Very
accurate indeed.</font></p>
<p ><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><u><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2006/ctariff06_065.htm">NOTIFICATION
NO . 65/2006-Cus. Dated: June 27, 2006</a></u></font></p>
<p align=center ><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>Exchange
rates notified for import and export</b></font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">For the
purpose of Section 14 of the Customs Act, Board has specified the exchange rates
for conversion of foreign currency with effect from 1st July 2006. </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><u><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=24&filename=notification/custom/2006/cnt06_072.htm">Notification
No 72</a></u><b><u> and </u></b><u><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=24&filename=notification/custom/2006/cnt06_073.htm">73
Cus ( N.T) Dated June 27, 2006</a></u></font></p>
<p align="center" ><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>DGFT
prohibits export of beans, lentils, pulses</b></font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The DGFT
has amended the ITC(HS) to prohibit export of several items like Dried Leguminous
Vegetables, Peas (Pisum sativum), Chickpeas (garbanzos), Beans (Vigna spp.,
Phaseolus spp.), Beans of the species Vigna mungo (L.) , Hepper or Vigna radiata
(L.) Wilczek , Small red ((Adzuki) beans (Phaseolus or Vigna angularis) , Kidney
beans, including white pea beans (Phaseolus vulgaris), Guar seeds, Lentils,
Broad beans (Vicia faba var major) and horse beans (Vicia faba var equina, vicia
faba var minor), Tur (arhar)</font></p>
<p><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/dgft06not015.htm">NOTIFICATION
NO. 15 (RE-2006)/2004-2009, Dated: June 27, 2006</a></u></font></p>
<p align="center" ><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>Income
tax is an exemplary organisation - I pay my taxes on time – Amitabh Bachchan</b></font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">In
an interview with IANS, Amitabh Bachchan certified the Income Tax department
as an exemplary organisation. Even he is exemplary as he pays his taxes on time.
Other quotes:-</font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif"> ++ The
department has a job to do and they do it efficiently.</font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif"> ++ I have
the greatest respect for it, as does the rest of the nation.</font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif"> ++ I believe
I am an honest law-abiding citizen of this country.</font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif"> ++ Last
year, I was declared by the department as the highest individual tax payer in
the country.</font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif"> ++ I pay
my taxes on time, I respond to all their queries on time and if, as per law,
I have the liberty to question a demand made by them, I question them on time.</font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif"> ++ I visit
the department on occasion, because the notice by them desires personal presence.</font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif"> ++ And
even if I have an option of representation, I like to go and get first-hand
information.</font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif"> ++ And
the department is not so stupid to get influenced by my presence. The law of
the land has no space for exceptions.</font></p>
<p align="center" ><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>Pending
cases</b></font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The number
of pending court cases in the subordinate courts across the country at present
is over two crore twenty lakh. In the 21 high courts the number of pending cases
is thirty-five lakh. The Supreme Court has thirty-two thousand cases to dispose
of. In India there are 13 judges for every ten lakh people. The information
is furnished by the Government. </font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">At this
rate the only way to clear all the cases is to hand them over to the Indian
Army – you really need an army to clear the 2,5 Crores pending cases. While
High Courts are struggling with so many cases and so few judges, there is a
proliferation of appellate commissioners in the Customs and Central Excise department.
In Hyderabad there are three Commissioners (Appeals) for about thirty pending
cases. The amount of work the High Court judges do is mind boggling. Sometime
back I had gone to the house of a High Court Chief Justice (to request for an
article for TIOL). I was given appointment at 7 pm. When I met him at 7 pm,
the CJ was busy dictating orders and he was in the Court till 5.30 pm! </font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The Revenue
Boards have created more than three hundred posts of Commissioners in the last
cadre review. Instead of this, had we appointed 150 additional judges in the
High Courts, the pending cases would have been cleared by this time.</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>
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