TIOL-DDT 427 · the untouched capture
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<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b><font color="#663399" size="3">TIOL-DDT
427</font><br>
14 08 2006<br>
Monday</b> </font><font face="Verdana, Arial, Helvetica, sans-serif"> </font></p>
<font face="Verdana, Arial, Helvetica, sans-serif">
<p align=center><font size="2"><strong><font color="#006600">Power driven pumps
– SSI exemption extended</font></strong></font></p>
<p align="justify"><font size="2"><i>Powerdrivenpumps primarily designed for handlingwater
which do not conform to standards specified by BIS (Bureau of Indian Standards)
for such pumps </i>were outside the purview of Notification No.8/2003, the famous
SSI notification with effect from 1.8.2006. That is from 1.8.2006, these pumps
were not eligible for SSI exemption. Why? (Board only knows). Now this restriction
is withdrawn till 31<sup>st</sup> December 2006. These pumps have an interesting
history.</font></p>
<p align="justify"><font size="2">By notification No. 8/2006 dated 1.3.2006, the
pumps were barred from SSI exemption but with effect from 1.4.2006.Butby Notification
No. 27/2006 dated 30.3.2006, this effective date was extended to 1st August
2006. And now this is extended till 31<sup>st</sup> December 2006. That is till
December, the pumps are exempted.</font></p>
<p align="justify"><font size="2">Unfortunately, there is no exemption for the
period from 1.8.2006 to 9.8.2006. Good feed for audit objections, intelligence
gathering allegation of suppression, cases, retrospective amendments, Section
11C notifications. What is the logic in denying the exemption for nine days?
Obviously somebody forgot to carry out the amendment before 1<sup>st</sup> August.
Let us hope they will remember it before 31<sup>st</sup> December when the next
amendment is due.</font></p>
<p><font size="2"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=30&filename=notification/excise/2006/etariff06_039.htm">NOTIFICATION
NO. 39/2006-Central Excise, Dated: August 10, 2006 </a></font></p>
<p align=center><font size="2"><strong><font color="#006600">Re export of imported
goods under </font></strong><font color="#006600"><b>Served from India Scheme</b></font></font></p>
<p align="justify"><font size="2">Board has issued instructions on the procedure
to re export goods imported under Served from India Scheme and ViseshKrishi
and Gram UdyogYojana. </font></p>
</font>
<blockquote>
<p align="justify"><font face="Verdana, Arial, Helvetica, sans-serif"><font size="2">1.
Re-export of goods from the same port from where the goods were imported;</font></font></p>
<p align="justify"><font face="Verdana, Arial, Helvetica, sans-serif"><font size="2">2.
The goods to be re-exported within 6 months from the date of import;</font></font></p>
<p align="justify"><font face="Verdana, Arial, Helvetica, sans-serif"><font size="2">3.
The goods are not put into use after import</font></font></p>
</blockquote>
<font face="Verdana, Arial, Helvetica, sans-serif">
<p align="justify"><font size="2">Based on a certificate from Customs, the DGFT’s
office will issue a fresh scrip for 98% of the debit.</font></p>
<p><font size="2"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=25&filename=notification/custom/2006/cuscir06_21.htm">CIRCULAR
NO. 21/2006-Cus.dated 10th August, 2006.</a></font></p>
<p align=center><font size="2"><strong><font color="#006600">Mumbai blast – Central
Excise employee gets aid from public</font></strong></font></p>
<p align="justify"><font size="2">The Hindustan Times reported on Friday that
Central Excise Superintendent DhirajRathod who lost his forearm in the Mumbai
blast is worried about his daughters’ education and a kind HT took up his cause
and published his story. After that ,Joe Rajan, CEO of Harvey India and filmmakers
AshokePandit and MadhurBhandarkar responded and offered to finance the education
of his two daughters.</font></p>
<p align="justify"><font size="2">What is the department doing? What are his colleagues
and associations doing? Why should money get rotten in the welfare fund when
your employees are getting charity from public? Should we not feel a little
ashamed that an employee in a premier organisation like Customs and Central
Excise needs to get aid from the public? When corruption in the department is
great news, why is this kind of tragedy not a big news and why is it that we
don’t bother? Let us hope the department does not initiate disciplinary proceedings
against the officer for receiving money from the public!</font></p>
<p align="center"><font size="2"><strong><font color="#FF6666"> Happy Independence
Day</font></strong></font></p>
</font>
<p align="justify"><font color="#FF6666" size="2" face="Verdana, Arial, Helvetica, sans-serif">Until
next time 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></span></font></p>
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