TIOL-DDT 596 · the untouched capture
Rendered as it looked. Links and images are disabled in this view; the file itself is untouched.
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"> <html> <head> <title>Untitled Document</title> <meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1"> </head> <body> <p align="justify"><font size="3" face="Verdana, Arial, Helvetica, sans-serif"><b><font color="#663399">TIOL-DDT 596</font></b><b></b></font><font face="Verdana, Arial, Helvetica, sans-serif"><font size="2"><b><br> 19.04.2007<br> Thursday</b></font></font></p> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b><font color="#006600">Milk Powder – Import duty reduced to 5%</font></b></font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Government has reduced Customs duty on imported milk powder to 5% up to an aggregate of ten thousand metric tonnes of total imports of such goods. Already there is an exemption giving a concessional rate of 15% vide Sl. No.3 of the table to Notification No. 21/2002. Now for 2007 – 08, that exemption is subject to the limits of ten thousand tons now fixed.</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_054.htm" target="_blank">NOTIFICATION NO. 54/2007-Cus., Dated: April 11, 2007</a></u></font></p> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b><font color="#006600">Export of sawn timber – time extended</font></b></font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">As per the Export Policy, export of Sawn Timber made exclusively out of imported logs is permitted subject to the conditions:-</font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(i) The Export would be confined to the species which has been imported;</font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(ii) The importer and exporter will be the same party/firm and the import and export will have to be effected from the same port. The scheme will be operational only from the ports of Mumbai, Kolkata, Chennai, Visakhapatman, Kandla, Mangalore and Tuticorin.</font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(iii) The export of sawn products derived from imported logs shall not exceed 60% of the imports in volume terms;</font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(iv) The value addition of such exports shall be not less than 30%.</font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(v) The Saw Mill of the exporter, where imported timber is sawn shall be registered with the State Forest Department and shall be located away from the forest area in a location approved by the Conservator of Forests of the State Government;</font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(vi) The exporter must undertake exports within a period of <b>6 months</b> from the date of import;</font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Now this 6 months period is extended to 12 months.</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/dgft06not057.htm" target="_blank">DGFT NOTIFICATION NO. 57 (RE-2006)/2004-2009 , Dated: April 13, 2007</a></u></font></p> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b><font color="#006600">Export Policy - </font></b><font color="#006600"><b>limit for stone and sand remain same.</b></font></font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">As per the Export Policy, export of stone and sand to Maldives is subject to certain quantity ceiling on annual basis, which was as follows:-</font></p> <table width="450" border=1 align="center" cellpadding=3 cellspacing=0> <tr> <td width=142 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>year</b></font></p> </td> <td width=197 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>Stone Aggregate</b></font></p> </td> <td width=142 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>River Sand</b></font></p> </td> </tr> <tr> <td width=142 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2004-05</font></p> </td> <td width=197 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1,90,000 MTs</font></p> </td> <td width=142 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2,10,000 MTs</font></p> </td> </tr> <tr> <td width=142 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2005-2006</font></p> </td> <td width=197 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">4,78,000 MTs</font></p> </td> <td width=142 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">5,32,878 MTs</font></p> </td> </tr> <tr> <td width=142 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2006-2007</font></p> </td> <td width=197 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2,70,000 MTs</font></p> </td> <td width=142 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">3,00,000 MTs</font></p> </td> </tr> <tr> <td width=142 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>2007 – 08</b></font></p> </td> <td width=197 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>2,70,000 MTs</b></font></p> </td> <td width=142 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>3,00,000 MTs</b></font></p> </td> </tr> </table> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">There is no change for the quota for 2007-08 announced now. </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/dgft06not058.htm" target="_blank">DGFT NOTIFICATION NO. 58 (RE-2006)/2004-2009 , Dated: April 13, 2007</a></u></font></p> <p align=center><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>Import of new motor cycles - policy</b></font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The import policy has been amended to stipulate that </font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Import of new motorcycles with engine capacity of 800cc or more, by </font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(a) Individuals </font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(b) Companies and firms and </font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(c) OEMs (Original Equipment Manufacturers- who have manufacturing and service network in <st1:country-region w:st="on">India</st1:country-region>) </font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">will be exempt from the conditions at Sl. No. (2) (II) (c). However, at the time of Customs clearance, a Type Approval Certificate / COP of an international accredited agency from the country of origin, including a notarized English translation thereof, shall be furnished. This Type Approval shall stipulate that the vehicle to be imported complies with all the ECE Regulations for the complete vehicle. Such imported motorcycles shall meet the EURO III emission norms.</font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The Condition at (2) (II) (c) stipulates that</font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Whoever being an importer or dealer in motor vehicles who imports or offers to import a new vehicle into <st1:country-region w:st="on">India</st1:country-region> shall, </font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(i) at the time of importation, have valid certificate of compliance as per the provisions of rule 126 of Central Motor Vehicle Rules(CMVR), 1989, for the vehicle model being imported, issued by any of the testing agencies, specified in the said rule;</font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(ii) be responsible for all the provisions assigned to the manufacturer as per Rules 122 & 138 of CMVR, 1989 and for issuing Form 22, as per provisions of CMVR, 1989; and</font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(iii) give an undertaking in writing that the proof of compliance to conformity of production as per rule 126A of CMVR shall be submitted within six months of the imports. In case of failure to do so, no further import of new vehicle of that model shall be allowed thereafter. </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/dgft06not059.htm" target="_blank">DGFT NOTIFICATION NO. 59 (RE-2006)/2004-2009 , Dated: April 13, 2007</a></u></font></p> <p align=center><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>New SEZs – posts trickling in for Revenue </b></font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The SEZ bonanza has another angle apart from land scams – the Customs and Central Excise officers are hoping to get many posts in the SEZs and thereby promotions. </font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The President has sanctioned the following posts in two SEZs</font></p> <table width="450" border=1 align="center" cellpadding=3 cellspacing=0> <tr> <td width=268 valign=top> <p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>SEZ</strong></font></p> </td> <td width=207 valign=top> <p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Post </strong></font></p> </td> <td width=75 valign=top> <p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Number</strong></font></p> </td> </tr> <tr> <td width=268 rowspan=4 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Special Economic Zone for IT/ITES by ML Dalmiya and Company Limited at South 24 Parganas, West Bengal</font></p> </td> <td width=207 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Deputy Commissioner of Customs</font></p> </td> <td width=75 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1(One) </font></p> </td> </tr> <tr> <td width=207 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"> Superintendent of Customs</font></p> </td> <td width=75 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1(One)</font></p> </td> </tr> <tr> <td width=207 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Appraiser</font></p> </td> <td width=75 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1(One) </font></p> </td> </tr> <tr> <td width=207 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Preventive Officer</font></p> </td> <td width=75 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">3(Three)</font></p> </td> </tr> <tr> <td width=268 rowspan=3 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Multi Product Special Economic Zone by Mundra Port and Special Economic Zone Limited at Mundra</font></p> </td> <td width=207 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Deputy Commissioner of Customs</font></p> </td> <td width=75> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1 (One)</font></p> <p align="justify"></p> </td> </tr> <tr> <td width=207 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Appraiser</font></p> </td> <td width=75> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">4 (Four)</font></p> </td> </tr> <tr> <td width=207 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Preventive Officer</font></p> </td> <td width=75> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">8 (Eight)</font></p> </td> </tr> </table> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><u><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=70&filename=pitara/sernews/order/mundra.htm" target="_blank">Ministry of Commerce and Industry, Department of Commerce,(EPZ Section) No. A.6(10)/2002-EPZ</a></u></font></p> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b><u><br> </u><font color="#006600">Land line and mobile phones and broadband facility to babus – clarifications</font></b></font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The Department of Expenditure has clarified that</font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1. The total expenditure on one or all facilities should not exceed the ceiling. No separate ceiling has provided in respect facilities individually.</font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2. Officers of DS and above level are required to subscribe to Broadband facility and in its absence Rs. 400/- shall be deducted/reduced from the ceiling amount. However no individual/separate ceiling has been fixed in respect of the three facilities covered by the overall ceiling.</font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">3. The entire amount shall be reimbursable if expenditure ceiling is observed. Even officers to whom telephone facility has been provided on functional basis can use mobile phone/broadband facility.</font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">4. private Service provider can allowed in the case of landline telephones also and the Office/Deptt. can provide a telephone connection of private service provider.</font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">5. Officers of the rank of Director/Deputy Secretary or below provided with the facility of residential telephone can avail mobile or broadband facility also within the ceiling fixed for each rank.</font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">6. the facility of STD is permitted to Officers below the rank of Joint Secretary on residential telephone.</font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">7. re-imbursement cannot be made to those Officers who are using pre-paid mobile connections and submit recharge coupons only instead of any proper bills/receipts etc</font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">8. re-imbursement is to be allowed only in such cases where the mobile/telephone connection is in the name of the Officer.</font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">9. The applicable taxes on the expenditure incurred upto the ceiling amount shall be paid for/reimbursed by the Office. Expenditure incurred if any in excess of ceiling amount shall be paid for by the Officer concerned along with taxes on the same.</font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">10. Officers equivalent in rank to Additional Secretary/Joint Secretary/Director/Deputy Secretary to the Government of India area also entitled for mobile connection and broadband connection on their residential telephones.</font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">11. In case the telephone has been provided by the Deptt.the installation charges for the same shall be borne by the Deptt. However in case of personal telephone, the said charges shall be borne by the individual.</font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">12. Re-imbursement shall be restricted to one landline and/or one mobile connection only.</font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">13. No ISD</font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">14. in those cases where an officer has subscribed to broadband facility at his residence though not on a telephone in his name but in the name of one of his family members, full reimbursement (upto the ceiling amount )can be permitted on the landline/mobile connections in his name.</font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>As complicated as the laws the Babus make!</b> There should be a training course to the babus on their telephone entitlement. </font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><u><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?filename=_15bf74ec56127f_da.htm&subCatDisp_Id=79" target="_blank">Department of Expenditure No.7(14)/C&V/2006 Dated : April 10, 2007</a></u></font></p> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b><font color="#006600">No staff for Mangalore Airport – Customs Commissioner </font></b></font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Mr. John Joseph, Commissioner of Customs and Central Excise, Mangalore Commissionerate, is reported to have said that the Commissionerate at present was not in a position to post any of its employees to Bajpe airport if cargo operations were to begin at the airport. Addressing members of Kanara Chamber of Commerce and Industry, he said the Commissionerate was facing shortage of staff. And he said there was shortage of staff all over the country. He added that the Government had initiated the process of recruitment, <b>but the process could take some years. </b></font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">And you thought the Department was flooded with staff! Because of too many officers, and not knowing what to do with them, in some Commissionerates, they have posted two Superintendents for each Range!</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> </body> </html>