TIOL-DDT 560 · the untouched capture
Rendered as it looked. Links and images are disabled in this view; the file itself is untouched.
<html>
<head>
<meta http-equiv=Content-Type content="text/html; charset=windows-1252">
<title>Taxindiaonline's DDT 402</title>
</head>
<body>
<p align="justify"><b><font color="#663399" size="3" face="Verdana, Arial, Helvetica, sans-serif">TIOL-DDT
560</font></b><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b><br>
27.02.2007<br>
Tuesday</b></font></p>
<p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#006600">JK
Batra appointed DG, Safeguards and DG, Specific Safeguard </font></strong></font></p>
<p align=center><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong> What
is the difference?</strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Have a look
at these two notifications.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1. In exercise
of the powers conferred by sub-rule (1) of Rule 3 of the Customs Tariff (Transitional
Product Specific Safeguard Duty) Rules, 2002, and in supersession of notification
of the Government of India in the Ministry of Finance (Department of Revenue)
No. 81/2005-Customs (N.T) issued vide G.S.R.No. 599(E) dated the 20 th September,
2005, the Central Government hereby appoints Shri J.K. Batra, Chief Commissioner
of Customs, as the Director General (Specific Safeguard) for the purposes of
the said rules.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2. In exercise
of the powers conferred by sub-rule (1) of Rule 3 of the Customs Tariff (Identification
and Assessment of Safeguard Duty) Rules, 1997, and in supersession of notification
of the Government of India in the Ministry of Finance (Department of Revenue)
No. 80/2005-Customs (N.T) issued vide G.S.R. No. 598(E) dated the 20 th September,
2005, the Central Government hereby appoints Shri J.K. Batra, Chief Commissioner
of Customs, as the Director General (Safeguard) for the purposes of the said
Rules.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Do you find
any difference in the notifications? My editorial colleague asked me what the
difference was. Couldn’t let go of DDT without answering that!.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">If you look
closely, you will find that the first notification is issued under the <b>Customs
Tariff (Transitional Product Specific Safeguard Duty) Rules, 2002, while</b>
the second one is issued under the <b>Customs Tariff (Identification and Assessment
of Safeguard Duty) Rules, 1997. </b>And the first notification appoints Mr.
Batra as Director General <b>(Specific Safeguard)</b> while the second notification
appoints him as <b>Director General (Safeguard). </b></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Now what
is the difference between safeguard and specific safeguard? Doesn’t safeguard
include specific safeguard?</font></p>
<p align="justify"><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>What
is the mystery?</b></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Section
8B of the Customs Tariff Act gives the Government the power to impose a safeguard
duty and it is under this section that the <b>Customs Tariff (Identification
and Assessment of Safeguard Duty) Rules, 1997 have been framed. </b></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Notwithstanding
any thing said in Section 8B, as per Section 8C, if the Central government
after conducting such enquiry as it deems fit, is satisfied that any article
is imported into India, from the people’s Republic of China, in such condition
so as to cause or threatening to cause market disruption to domestic industry,
then it may, by notification in the official Gazette, impose a safeguard
duty on that article. And this is the specific <st1:place><st1:country-region>China</st1:country-region></st1:place>
safeguard duty and it is under this Section that <b>Customs Tariff (Transitional
Product Specific Safeguard Duty) Rules, 2002 </b>have been issued. </font></p>
<p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b><font color="#006600">Duties
of the DG</font></b></font></p>
<table width="450" border=1 align="center" cellpadding=3 cellspacing=0>
<tr>
<td width=295 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>Under
Safeguard</b></font></p></td>
<td width=295 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>Under
specific Safeguard</b></font></p></td>
</tr>
<tr>
<td width=295 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">to
investigate the existence of “serious injury” or “threat of serious injury”
to domestic industry as a consequence of increased import of an article
into <st1:place
w:st="on"><st1:country-region>India</st1:country-region></st1:place></span></font></p></td>
<td width=295 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">to
investigate the existence of “market disruption” or “threat of market
disruption” to domestic industry as a consequence of increased import
of an article into <st1:place><st1:country-region>India</st1:country-region></st1:place>;</font></p></td>
</tr>
<tr>
<td width=295 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">to
identify the article liable for safeguard duty</font></p></td>
<td width=295 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">to
identify the article liable for safeguard duty under section 8C of the
Act;</font></p></td>
</tr>
<tr>
<td width=295 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">to
submit his findings, provisional or otherwise to the Central Government
as to the “serious injury” or “threat of serious injury” to domestic industry
consequent upon increased import of an article from the specified country</font></p></td>
<td width=295 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">to
submit his findings, provisional or otherwise to the Central Government
as to the existence of “market disruption” or “threat of market disruption”
to the domestic industry consequent upon increased import of an article
from the People’s Republic of China; </font></p></td>
</tr>
<tr>
<td width=295 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">to
recommend, </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1.
the amount of duty which if levied would be adequate to remove the injury
or threat of injury to the domestic industry;</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2.
the duration of levy of safeguard duty and where the period  so
recommended is more than a year, to recommend progressive liberalisation
adequate to facilitate positive adjustment</font></p></td>
<td width=295 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">to
recommend,</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1.
the amount of duty which if levied would be adequate to remove the “market
disruption” or “threat of market disruption” to the domestic industry;</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2.
the duration of levy of safeguard duty under section 8C of the Act;</font></p></td>
</tr>
<tr>
<td width=295 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">to
review the need for continuance of safeguard duty.</font></p></td>
<td width=295 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">to
review the need for continuance of such safeguard duty.</font></p></td>
</tr>
</table>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=24&filename=notification/custom/2007/cnt07_016.htm">NOTIFICATION
NO. 16</a><b> and </b><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=24&filename=notification/custom/2007/cnt07_017.htm">17/2007-Cus.,
(N.T.) Dated: February 22, 2007</a></font></p>
<p align=center><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>Singapore
exemption – changes in tariff heading</b></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">In
the Singapore exemption Notification No. 75/2005–Customs, dated the 22nd
July, 2005, for the following headings are changed.</font></p>
<div align=center>
<table border=1 cellspacing=0 cellpadding=3 width="450">
<tr>
<td width=64 nowrap valign=bottom> <p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Sl.
No</strong></font></p></td>
<td width=141 nowrap valign=bottom> <p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Existing
entry</strong></font></p></td>
<td width=121 valign=bottom> <p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Changed
entry</strong></font></p></td>
</tr>
<tr>
<td width=64 nowrap valign=bottom> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1611</font></p></td>
<td width=141 nowrap valign=bottom> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">8443
59 20</font></p></td>
<td width=121 valign=bottom> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">8443
19 10</font></p></td>
</tr>
<tr>
<td width=64 nowrap valign=bottom> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1612</font></p></td>
<td width=141 nowrap valign=bottom> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">8443
59 30</font></p></td>
<td width=121 valign=bottom> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">8443
19 20</font></p></td>
</tr>
<tr>
<td width=64 nowrap valign=bottom> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1613</font></p></td>
<td width=141 nowrap valign=bottom> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">8443
59 41</font></p></td>
<td width=121> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">8443
19 30</font></p></td>
</tr>
</table>
</div>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">But Why?
And what are the implications? Nothing! As you are aware, the tariff headings
have undergone a major change from 1.1.2007 and these are the consequential
changes required which are being slowly done. Can’t really blame any one. This
notification No. 75/2005 has 2413 entries in the table. Who can really keep
track of all the changes in notifications like these? And there are many such
notifications. The poor boys in the Board really have a tough time. </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/2007/ctariff07_017.htm">NOTIFICATION
NO. 17/ 2007-Cus., Dated: February 22, 2007</a></u></font></p>
<p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b><font color="#006600">Similar
changes for Education Cess exemption</font></b></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Notification
No. 69/2004-Customs, dated the 9th July, 2004, exempts a large number of goods
from education cess and now some amendments are made in the tariff headings
in tune with the changes effective from 1.1.2007.</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/2007/ctariff07_018.htm">NOTIFICATION
NO. 18/ 2007-Cus., Dated: February 22, 2007</a></u></font></p>
<p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b><font color="#006600">Ink
Cartridges, duty free and ketamine to have 12,5% preferential area duty – Customs
Tariff amended</font> </b></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The Government
has amended the First Schedule to the Customs Tariff Act to </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1. prescribe
12.5% preferential area duty for Ketamine under 3003 90 36 and 3004 90 96. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2. to prescribe
free duty rate for Ink cartridges, with print head assembly, Ink spray nozzle
and other Parts and accessories of goods of sub- headings 8443 31, 8443 32</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2007/ctariff07_015.htm">NOTIFICATION
NO. 15/2007-Cus., (N.T.), Dated: February 22, 2007</a><b> </b></font></p>
<p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b><font color="#006600">Exchange
rates announced for imported goods and export goods</font></b></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Notification
Nos. <u><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=24&filename=notification/custom/2007/cnt07_018.htm">18/2007
</a></u><b><u>and </u></b><u><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=24&filename=notification/custom/2007/cnt07_019.htm">19/2006-Cus.,
(N.T.), Dated: February 23, 2007</a></u><b><u> </u></b>fix the exchange rates
for imports and exports respectively with effect from 1<sup>st</sup> March 2007.
Notifications 1 and 2/2007-NT-Customs, dated the 24<sup>th</sup> January, 2007
are superseded</font></p>
<p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#006600">Be
with us for the budget</font></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Tomorrow
is Budget and be with us for the best incisive analyses by real experts in the
field.</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 week end. </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>
</body>
</html>