TIOL-DDT 421 · the untouched capture
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<html> <head> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <link rel=Edit-Time-Data href="Taxindiaonline's%20DDT%20421_files/editdata.mso"> <title>Taxindiaonline's DDT 402</title> </head> <body> <p > <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b><font color="#663399" size="3">TIOL-DDT 421</font><br> 4 08 2006<br> Friday</b></font></p> <p align=center ><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#006600">Uttaranchal HP exemption extended till 2010.</font></strong></font></p> <p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">As per Notification Nos. 49 and 50/2003, the excise exemption for these states will apply only to the following kinds of units, namely:- </font></p> <p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif"> (a) new industrial units, which have commenced commercial production on or after the 7th day of January, 2003, but not later than the <b>31st day of March, 2007;</b></font></p> <p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif"> (b) industrial units existing before the 7<sup>th</sup> day of January, 2003, but which have undertaken substantial expansion by way of increase in installed capacity by not less than twenty five per cent. on or after the 7<sup>th</sup> day of January, 2003, but have commenced commercial production from such expanded capacity, not later than the <b>31st day of March, 2007.</b></font></p> <p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Now the date is extended to <b>31<sup>st</sup> day of March, 2010.</b></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=30&filename=notification/excise/2006/etariff06_038.htm">NOTIFICATION NO. 38/2006-Central Excise Dated: August 2, 2006. </a></u></font></p> <p align=center ><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#006600">Anti dumping duty on POY</font></strong></font></p> <p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Government has imposed anti dumping duty on partially oriented yarn generally known as POY, originating in or exported from People's Republic of China. The anti-dumping duty imposed shall be effective up to and inclusive of the 1<sup>st</sup> day of February 2007 and shall be payable in Indian currency.</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=23&filename=notification/custom/2006/ctariff06_077.htm">NOTIFICATION NO. 77/2006-Customs, Dated: August 2, 2006 </a></u></font></p> <p align=center ><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#006600">Export of sugar – total ban lifted</font></strong></font></p> <p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">As per the policy, export of sugar except for the Preferential Quota Sugar to EU and USA, is not permitted. Now the restriction is <b>Unless specifically permitted for export by DGFT.</b></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=45&filename=notification/dgft/2006/dgft06not025.htm">DGFT NOTIFICATION NO. 25/2006, Dated : August 2, 2006 </a></u></font></p> <p align=center ><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#006600">Import of wheat – allowed for FCI</font></strong></font></p> <p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Import of wheat is permissible only through the State Trading Corporation. Now it is allowed when State Trading Corporation transfers the title of imported wheat to Food Corporation of India on high sea sale basis</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=47&filename=notification/dgft/2006/dgft06pn041.htm">DGFT PN NO. 41/2006, Dated : August 2, 2006 </a></u></font></p> <p align=center ><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#006600">Australian Customs foils hatching of smuggled eggs</font></strong></font></p> <p align="justify" > <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><img src="http://www.taxindiaonline.com/RC2/image/stories/eggs.jpg" width="256" height="192" hspace="5" border="1" align="left"> A 48 year-old French national has been found trying to smuggle 23 exotic bird eggs into <st1:country-region w:st="on"><st1:place w:st="on">Australia</st1:country-region> yesterday.</font></p> <p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The eggs were found when Customs officers at Sydney International Airport searched a passenger when he arrived on a flight from Thailand.</font></p> <p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">When officers conducted a frisk search, they found 23 eggs concealed in a vest worn by the man.</font></p> <p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">“Australia has some of the strictest wildlife protection laws in the world. Wildlife smuggling is a cruel practice and one which often results in the death of the animals while in transit," a customs officer said.</font></p> <p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The eggs were placed in an incubator by officers and are being held in quarantine by the Australian Quarantine and Inspection Service (AQIS) until the eggs are identified.</font></p> <p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The maximum penalty for smuggling wildlife is a fine of $ 110,000, and/or 10 years jail.</font></p> <p align=center ><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#006600">Customs officers sentenced for involvement in smuggling</font></strong></font></p> <p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Paul Weaver and Steven Phillips formerly Customs employees at Ramsgate port in England were sentenced to four years and four and half years respectively after pleading guilty to conspiracy to fraudulently evade the duty chargeable on excise goods. Weaver and Phillips abused their position to allow vehicles into the UK which they knew to contain illicit goods on which excise duty was payable. </font></p> <p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">John Cooper, HMRC Senior Investigation Officer said: </font></p> <p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">"HMRC is committed to tackling criminality wherever it is found. It is particularly serious when Customs officers betray the trust society places in them. Corrupt officers are rare but we will not tolerate corruption of any sort. We are pleased with the sentences handed down which should serve as a deterrent to anyone considering involvement in such crimes." </font></p> <p align=center ><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Does the Secretary Type?</strong></font></p> <p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">A dialogue from, “yes Minister”</font></p> <p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Minister: "Who else is in this department?"</font></p> <p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Secretary: "Well briefly, Sir, I am the Permanent Under Secretary of State, known as the Permanent Secretary. Woolley here is your Principal Private Secretary, I too have a Principal Private Secretary and he is the Principal Private Secretary to the Permanent Secretary. Directly responsible to me are 10 Deputy Secretaries, 87 Under Secretaries and 219 Assistant Secretaries. Directly responsible to the Principal Private Secretary are plain Private Secretaries, and the Prime Minister will be appointing 2 Parliamentary Under Secretaries and you will be appointing your own Parliamentary Private Secretary."</font></p> <p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Minister: "Do they all type?" </font></p> <p align="justify" ><font color="#FF6666" size="2" face="Verdana, Arial, Helvetica, sans-serif">Until Monday with more DDT </font></p> <p align="justify" ><font color="#FF6666" size="2" face="Verdana, Arial, Helvetica, sans-serif">Have a nice weekend. </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>