TIOL-DDT 661 · the untouched capture
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<p align="justify"><font size="2"><b><font color="#663399" size="3" face="Verdana, Arial, Helvetica, sans-serif">TIOL-DDT 661</font><font face="Verdana, Arial, Helvetica, sans-serif"><br>
20.07.2007<br>
Friday</font></b></font></p>
<p align=center> <font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Acronyms That You Should Know </strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">You should know these, especially if you are an importer or exporter.</font></p>
<div align=center>
<table width=450 border=1 align="center" cellpadding=3 cellspacing=0>
<tr>
<td width=82>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">ACC</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Assistant Commissioner of Customs</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">ACU</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Asian Clearing <st1:place w:st="on">Union</st1:place></font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">AEZ</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Agri Export Zone</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">ANF</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">AayaatNiryaat Form</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">ARO</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Advance Release Order</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">ASIDE</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Assistance to States for Infrastructure Development of Exports</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">BG</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Bank Guarantee</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">BIFR</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Board of Industrial and Financial Reconstruction</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">BoA</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Board of Approval</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">BoT</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Board of Trade</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">BRC</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Bank Realisation Certificate</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">BTP</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><st1:place w:st="on"><st1:PlaceName w:st="on">Bio</st1:PlaceName> <st1:PlaceName w:st="on">Technology</st1:PlaceName> <st1:PlaceType w:st="on">Park</st1:PlaceType></st1:place></font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">CBEC</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Central Board of Excise and Customs</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">CCP</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Customs Clearance Permit</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">CEA</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Central Excise Authority</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">CEC</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Chartered Engineer Certificate</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">CIF</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Cost, Insurance & Freight</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">CIS</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Commonwealth of Independent States</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">CoD</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Cash on Delivery</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">CoO</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Certificate of Origin</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">CVD</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Countervailing Duty</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">DA</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Document against Acceptance</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">DoBT</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Department of Bio Technology</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">DC</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Development Commissioner</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">DEPB</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><st1:place w:st="on"><st1:PlaceName w:st="on">Duty</st1:PlaceName> <st1:PlaceName w:st="on">Entitlement</st1:PlaceName> <st1:PlaceType w:st="on">Pass</st1:PlaceType></st1:place> Book Scheme</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">DFIA</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Duty Free Import Authorisation</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">DFRC</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Duty Free Replenishment Certificate</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">DGCI&S</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Director General, Commercial Intelligence & Statistics</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">DGFT</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Director General of Foreign Trade</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">DIPP</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Department of Industrial Policy & Promotion</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">DoC</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Department of Commerce</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">DoE</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Department of Electronics</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">DoIT</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Department of Information Technology</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">DoR</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Department of Revenue</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">DoT</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Department of Tourism</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">DTA</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Domestic Tariff Area</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">EDI</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Electronic Data Interchange</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">EEFC</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Exchange Earners' Foreign Currency</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">EFC</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Exim Facilitation Committee</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">EFT</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Electronic Fund Transfer</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">EH</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Export House</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">EHTP</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Electronic <st1:place w:st="on"><st1:PlaceName w:st="on">Hardware</st1:PlaceName> <st1:PlaceName
w:st="on">Technology</st1:PlaceName> <st1:PlaceType w:st="on">Park</st1:PlaceType></st1:place></font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">EIC</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Export Inspection Council</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">EO</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Export Obligation</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">EOP</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Export Obligation Period</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">EOU</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Export Oriented Unit</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">EPC</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Export Promotion Council</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">EPCG</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Export Promotion Capital Goods</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">EPO</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Engineering Process Outsourcing</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">FDI</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Foreign Direct Investment</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">FIEO</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Federation of Indian Export Organisation</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">FIRC</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Foreign Exchange Inward Remittance Certificate</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">FMS</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Focus Market Scheme</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">FOB</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Free On Board</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">FPS</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Focus Product Scheme</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">FT (D&R) Act</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Foreign Trade ( Development & Regulation) Act, 1992 (No. 22 of 1992)</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">FTDO</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Foreign Trade Development Officer</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">FTP</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Foreign Trade Policy</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">GATS</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">General Agreement on Trade in Services</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">GRC</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Grievance Redressal Committee</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">HACCP</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Hazard Analysis And Critical Control Process</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">HBP v1</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Hand Book of Procedures (Vol. 1)</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">HBP v2</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Hand Book of Procedures (Vol. 2)</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">ICD</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Inland Container Depot</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">ICM</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Indian Commercial <st1:place w:st="on"><st1:City w:st="on">Mission</st1:City></st1:place></font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">IEC</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Importer Exporter Code</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">ISO</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">International Standards Organisation</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">ITC (HS)</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Indian Trade Classification (Harmonised System) Classification for Export & Import Items, 2004-2009</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">ITPO</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><st1:place w:st="on"><st1:country-region w:st="on">India</st1:country-region></st1:place> Trade Promotion Organisation</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">LoC</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Line of Credit</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">LoI</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Letter of Intent</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">LoP</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Letter of Permit</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">LUT</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Legal Under Taking</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">MAI</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Market Access Initiative</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">MDA</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Market Development Assistance</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">MEA</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Ministry of External Affairs</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">MoD</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Ministry of Defence</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">MoF</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Ministry of Finance</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">NC</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Norms Committee</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">NFE</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Net Foreign Exchange</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">NOC</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">No Objection Certificate</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">PRC</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Policy Relaxation Committee</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">PTH</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Premier Trading House</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">PSU</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Public Sector Undertaking</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">R&D</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Research and Development</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">RA</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Regional Authority</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">RBI</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Reserve Bank of <st1:place w:st="on"><st1:country-region w:st="on">India</st1:country-region></st1:place></font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">REP</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Replenishment</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">RCMC</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Registration-cum-Membership Certificate</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">RSCQC</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Regional Sub-Committee on Quality Complaints</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">S/B</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Shipping Bill</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">SEH</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Star Export House</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">SEICMM</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Software Engineers Institute's Capability Maturity Model</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">SEZ</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Special Economic Zone</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">SFIS</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Served from <st1:place w:st="on"><st1:country-region w:st="on">India</st1:country-region></st1:place> Scheme</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">SIA</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Secretariat for Industrial Assistance</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">SION</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Standard Input Output Norms</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">SSI</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Small Scale Industry</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">STE</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">State Trading <st1:place w:st="on"><st1:City w:st="on">Enterprise</st1:City></st1:place></font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">STH</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Star Trading House</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">STP</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><st1:place w:st="on"><st1:PlaceName w:st="on">Software</st1:PlaceName> <st1:PlaceName w:st="on">Technology</st1:PlaceName> <st1:PlaceType w:st="on">Park</st1:PlaceType></st1:place></font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">TEE</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Towns of Export Excellence</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">TH</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Trading House</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">TRQ</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Tariff Rate Quota</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">VA</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Value Addition</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">VKGUY</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">VisheshKrishi and Gram UdyogYojana</font></p></td>
</tr>
<tr>
<td>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">WHOGMP</font></p></td>
<td width=427>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">World Health Organisation Good Manufacturing Practices</font></p></td>
</tr>
</table>
</div>
<p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b><font color="#006600">Foreign Exchange Reserves - RBI review</font></b></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The Reserve Bank of India undertook a review of the main policy and operational matters relating to management of the reserves, including transparency and disclosure and decided to compile and make public half-yearly reports on management of foreign exchange reserves for bringing about more transparency and also for enhancing the level of disclosure in this regard. </font></p>
<p align="justify"><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>1. Introduction</b></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The level of foreign exchange reserves had steadily increased from US$ 5.8 billion as at end-March 1991 to US$ 113.0 billion by end-March 2004 and further to US$ 151.6 billion by end-March 2006. It stood at US$ 199.2 billion as at end-March 2007. Although both US dollar and Euro are intervention currencies, the foreign exchange reserves are denominated and expressed in US dollar only.</font></p>
<p align="justify"><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>2. Review of Growth of Reserves since 1991</b></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><st1:place w:st="on"><st1:country-region w:st="on">India</st1:country-region></st1:place>'s foreign exchange reserves have grown significantly since 1991. The reserves, which stood at US$ 5.8 billion at end-March 1991 increased gradually to US$ 25.2 billion by end-March 1995. The growth continued in the second half of the 1990s, with the reserves touching the level of US$ 38.0 billion by end-March 2000. Subsequently, the reserves rose to US$ 113.0 billion by end-March 2004, US$ 141.5 billion by end-March 2005, US$ 151.6 billion by end-March 2006 and further to US$ 199.2 billion by end-March 2007. It may be mentioned that forex reserves data prior to 2002-03 do not include Reserve Tranche Position (RTP) in IMF. </font></p>
<p align="justify"><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>3. Sources of Accretion to Reserves in the Recent Period</b></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The increase in foreign exchange reserves in the recent period has been on account of capital and other inflows. Major sources of increase in foreign exchange reserves for the year 2006-07 have been: (a) External commercial borrowings (b) foreign investment and (c) short-term credit. </font></p>
<p align="justify"><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>4. External Liabilities vis-à-vis Foreign Exchange Reserves</b></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The accretion of foreign exchange reserves needs to be seen in the light of total external liabilities of the country. <st1:country-region w:st="on"><st1:place
w:st="on">India</st1:place></st1:country-region>'s International Investment Position (IIP), which is a summary record of the stock of country's external financial assets and liabilities, is available as of December 2006.</font></p>
<p align="justify"><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>5. Prepayment/Repayment of external debt</b></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The significant increase in forex reserves enabled prepayment of certain high-cost foreign currency loans of the Government of India from the Asian Development Bank (ADB) and the World Bank (IBRD) amounting to US$ 3.03 billion during February 2003. During 2003-04, prepayment of certain high cost loans to IBRD and ADB amounting to US$ 2.6 billion was carried out by the Government. Additionally, prepayment of bilateral loans amounting to US$ 1.1 million was also made. Thus, the total quantum of prepayments was of the order of US$ 3.7 billion during 2003-04. During 2004-05, prepayment of bilateral loan to the tune of US$ 30.3 million was made. During 2005-06, no prepayment of high-cost multilateral/bilateral loan was carried out. During 2006-07, there was only one prepayment of US$ 58.7 million in the month of April 2006. </font></p>
<p align="justify"><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>6. Financial Transaction Plan (FTP) of IMF</b></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">International Monetary Fund (IMF) designated <st1:country-region
w:st="on">India</st1:country-region> as a creditor under its Financial Transaction Plan (FTP) in February 2003, in terms of which <st1:country-region
w:st="on">India</st1:country-region> participated in the IMF's financial support to <st1:country-region w:st="on">Burundi</st1:country-region> in March-May 2003, with a contribution of SDR 5 million and to <st1:country-region w:st="on"><st1:place w:st="on">Brazil</st1:place></st1:country-region> in June-September 2003 with SDR 350 million. In December 2003, SDR 43 million was made available to <st1:country-region w:st="on"><st1:place w:st="on">Indonesia</st1:place></st1:country-region> under FTP. During 2004-05, SDR 61 million was made available under FTP to countries like <st1:country-region w:st="on">Uruguay</st1:country-region>, <st1:country-region w:st="on">Haiti</st1:country-region>, <st1:country-region
w:st="on">Dominican Republic</st1:country-region> and <st1:place w:st="on"><st1:country-region w:st="on">Sri Lanka</st1:country-region></st1:place>. During May-June 2005, SDR 34 million was made available to countries like <st1:country-region w:st="on">Turkey</st1:country-region> and <st1:country-region w:st="on"><st1:place w:st="on">Uruguay</st1:place></st1:country-region>. Thus, the total quantum of <st1:country-region w:st="on"><st1:place w:st="on">India</st1:place></st1:country-region>'s contribution under FTP by way of purchase was SDR 493 million at end-June 2005. There were no purchase transactions after June 2005. <st1:country-region w:st="on"><st1:place w:st="on">India</st1:place></st1:country-region> was included in repurchase transactions of the FTP since November 2005. There have been 9 repurchase transactions during the period from November 2005 to April 2007 totaling SDR 677 million received from 5 countries, viz., Turkey, Algeria, Brazil, Indonesia and Uruguay. </font></p>
<p align="justify"><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>7. Adequacy of Reserves</b></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Adequacy of reserves has emerged as an important parameter in gauging its ability to absorb external shocks. With the changing profile of capital flows, the traditional approach of assessing reserve adequacy in terms of import cover has been broadened to include a number of parameters which take into account the size, composition and risk profiles of various types of capital flows as well as the types of external shocks to which the economy is vulnerable. The High Level Committee on Balance of Payments, which was chaired by Dr. C. Rangarajan, erstwhile Governor of Reserve Bank of <st1:country-region
w:st="on"><st1:place w:st="on">India</st1:place></st1:country-region>, had suggested that, while determining the adequacy of reserves, due attention should be paid to payment obligations, in addition to the traditional measure of import cover of 3 to 4 months. In 1997, the Report of Committee on Capital Account Convertibility under the chairmanship of ShriS.S.Tarapore suggested four alternative measures of adequacy of reserves which, in addition to trade- based indicators, also included money-based and debt-based indicators. Similar views have been held by the Committee on Fuller Capital Account Convertibility.</font></p>
<p align="justify"><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>8. Investment Pattern and Earnings from Foreign Exchange Reserves</b></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The foreign exchange reserves are invested in multi-currency, multi-asset portfolios as per the existing norms, which are similar to international practices in this regard. As at end-March, 2007, out of the total foreign currency assets of US$ 191.9 billion, US$ 53.0 billion was invested in securities, US $ 92.2 billion was deposited with other central banks, BIS & IMF and US$ 46.8 billion was in the form of deposits with foreign commercial banks.</font></p>
<p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b><font color="#006600">From our Legal Corner -Monday's cases</font><b><b><b><img src="http://www.taxindiaonline.com/RC2/image/stories/ddt_31.gif" alt="Legal Corner Icon" width="191" height="160" hspace="5" border="0" align="left"></b></b></b> </b></font></p>
<p align=justify><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#FF0000">Central Excise </font></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b><font color="#663399">CESTAT Principal Bench decides the same appeal twice - with diagonally opposite findings</font></b></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#663399">HOW</font> </strong>effectively the justice delivery system is working in this country? How efficiently the officers of the revenue department are following up their cases in legal fora? How ethically the assessees are disclosing the full facts before the learned judges and winning cases fairly? If you want the obvious answers to these questions, please read this story. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Netizens may recall the Delhi CESTAT order (<a
href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=28&filename=legal/cestat/2006/2006-TIOL-1024-CESTAT-DEL.htm" target="_blank"><font size="1">2006-TIOL-1024-CESTAT-DEL</font></a>) wherein the appellant had imported certain CD ROMs containing US cook book, Cinderella Story etc and various other information and claimed exemption under the Customs Notification No. 11/97 Cus dated 1.4.97 by declaring them as Multimedia Application Software on CD ROM But the Commissioner (Customs) adjudicated the case by denying the exemption as the CD ROMs cannot be considered as information technology software and confiscated the goods vide Order In Original No. 21/Adj/RSS/2004 Dated 05.08.2004 </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The importer filed appeal against the Order In Original with the New Delhi Bench ( Court No II) of the CESTAT. The appeal Nos were <b><font color="#663399">Appeal No. 818-819 of 2004</font> </b>(One by the Company and the other by the CMD of the Company). When the matter came up before the CESTAT, none appeared on behalf of the importer and the CESTAT considered the issue on merits and held that the CDs in question do not qualify for the exemption under the said Notification and upheld the confiscation and the penalties vide Final Orders No <b><font color="#663399">FINAL ORDER NO. 187-188/06-Cus Dated : 31.05.2006 </font></b></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">But, the Department also took the matter before the CESTAT on the ground that the penalty imposed was too meager when compared to the duty evasion of Rs 39 lakhs and prayed for enhancement of the penalty. The appeal of the Revenue was decided by the CESTAT on 17.5.2007 and this time, the appellant represented their case before the CESTAT through an advocate and prayed that they are eligible for the exemption under the Notification. The CESTAT vide final orders Nos <b><font color="#663399">254-256/07-CUS-17.5.2007</font> </b>held that the importer is eligible for the exemption and set aside the Order In Original of the Commissioner (Customs)! The appeal numbers in this second CESTAT order were mentioned as <b><font color="#663399">Customs Appeal Nos. 818-819 of 2004 and 838 of 2005.</font></b></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b><font color="#663399">Doctrine of merger - Tribunal shows sympathy to Revenue appeal - matter remanded to Commissioner(A) for hearing afresh </font></b></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#663399">AT</font> </strong>long last, there is something for the Revenue to cheer about. They have found someone who understands their quandary. Yes, we are talking about the much maligned (of course, in department circles) 'Doctrine of Merger' which always sees the Revenue slipping thousands of cases from their grip. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The problem lies (sorry, lay) with the Review provisions contained in the Central Excise & Customs Act. Long back, the Tribunal in the case of Balaji Automobiles <b><u>[</u></b><u><a
href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=52&filename=legal/cestat/2005/2005-TIOL-899-CESTAT-MUM.htm"><font size="1">2005-TIOL-899-CESTAT-MUM</font></a></u><b><u>]</u></b>had while calling the Review provisions 'an imbalanced one' observed - </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><i>"8. Before parting with the case, we observe that under Section 129A(3), the period for filing appeal has been specified as "three months" whereas the time limit under Section 129D has been specified as "six months, but not beyond one year" for review and a further period of three months for filing the appeal to the Tribunal after such review. In view of the fact that the power of review earlier exercised by the Board has now been given to the Committee of Chief Commissioners, there is a need for harmonizing the time limits prescribed under Section 129A(3) and under Section 129D to ensure that the Department does not lose its chance for pursuing an appeal as it has happened in this case. <br>
<br>
9. The Registry is directed to send a copy of this order to the Member (Legal and Judicial) in the Board, who may consider initiating necessary steps to bring such harmonization in the time limits prescribed under two different sections in the Customs Act, 1962." </i></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#FF0000">Income Tax</font></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b><font color="#663399">Payments made to foreign Shipping Cos under time charter agreements- exigible to tax - Assessee liable to TDS while remitting such payments :- ITAT</font></b></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#663399">THE</font> </strong>assessee
is a Tamil Nadu Government Undertaking. It is engaged in the business of
transport of coal from various ports in <st1:country-region
w:st="on"><st1:place w:st="on">India</st1:place></st1:country-region> on behalf
of the Tamil Nadu State Electricity Board, Chennai. For the transportation
of coal, the assessee charters vessels from <st1:country-region
w:st="on"><st1:place w:st="on">India</st1:place></st1:country-region> as well
as from Foreign Shipping Companies (hereinafter called FSC). For this purpose
the assessee entered into standard time chartered agreements with various
FSC. While remitting the charter payments to the FSC, the assessee did not
make deduction in respect of withholding tax. In the opinion of the Assessing
Officer (AO) the assessee was liable to deduct tax at source while remitting
the payments to FSC. As the tax was not deducted at source, the AO passed
orders under sections 201(1) and 201(1A) of the Income-tax Act, 1961. The
Commissioner (Appeals) confirmed the orders of the AO for the assessment
years 2002-2003 and 2004-2005. However, for the assessment year 2003-2004,
the Commissioner(Appeals) allowed the appeal. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The issue raised in appeal relates to the question whether on the facts and in the circumstances of the case the assessee was liable to deduct tax at source while remitting payments to various shipping companies under time charter agreements. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b><u><font color="#663399">See our columns Monday for the judgements</font></u></b></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>
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