TIOL-DDT 680 · the untouched capture
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<!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 bgcolor="#FFFFFF"> <p align="justify" ><font size="3"><b><font color="#663399" face="Verdana, Arial, Helvetica, sans-serif">TIOL</font></b><font color="#663399" face="Verdana, Arial, Helvetica, sans-serif"><b>-DDT 680</b></font></font><font size="3" face="Verdana, Arial, Helvetica, sans-serif"><b></b></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b><br> 17.08.2007<br> Friday</b></font></p> <p align=center ><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>CIC penalty on Revenue Deputy Secretary deferred</b></font></p> <p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">We had reported yesterday that the Central Information Commission has imposed a penalty of Rs. 25,000/- on a DS in the Revenue Department. On a representation for review of the order, the Commission has deferred payment of penalty till September or till a decision is taken on her representation whichever is earlier.</font></p> <p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b><u1:p></b><a href="http://www.hrindiaonline.com/laws4u/rti1.php?filename=rti/2007/2007-HRIOL-08-CIC.htm" target="_blank">Case No. : CIC/AT/C/2007/00131 Dated : August 8, 2007</a></font></p> <p align=center ><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>Tariff Value of Brass Scarp – Increased</b></font></p> <p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The CBEC has increased the Tariff Value of imported Brass Scrap from US $. 4550 to US$. 4673. There is no change in the Tariff Value of other products.</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=24&filename=notification/custom/2007/cnt07_083.htm" target="_blank">Notification Nos.</a></u> <a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=24&filename=notification/custom/2007/cnt07_083.htm"><u>83/2007-Cus. (N.T.) , Dated August 16, 2007</u></a></font></p> <p align=center ><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>MMTC exempted from standard mark for imported cement</b></font></p> <p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">MMTC will be permitted to import cement without standard mark from such foreign manufacturers who have applied for registration with Bureau of Indian Standards (BIS) and their applications have been recorded by BIS. </font></p> <p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The exemption from standard mark available to MMTC shall be applicable for 150 days from the date of recording of their respective applications or till the grant of regular licence by BIS, whichever is earlier. </font></p> <p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">MMTC has to ensure conformity of imported cement to the specified BIS standards and also ensure a special marking on each bag of such imported cement.</font></p> <p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The foreign manufacturers intending to export cement to India under this exemption are required to make application to Department of Industrial Policy & Promotion, Government of India, for grant of exemption from standard mark under proviso to Section 3 of Cement (Quality Control) Order, 2003.</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/2007/dgft07not023.htm" target="_blank">NOTIFICATION NO. 23/(RE-2007)/2004-2009, Dated: August 14, 2007 </a></u></font></p> <p align=center ><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b> Income Tax Chief Commissioners jurisdiction changed</b></font></p> <p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">After the CBEC, it was the turn of the CBDT to alter the jurisdiction of its Chief Commissioners. This is the problem of having too many Chief Commissioners. People have lost count of the number of Commissioners in a zone.</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=35&filename=notification/cbdt/2007/it07not223.htm" target="_blank">NOTIFICATION NO. 223/2007., Dated: August 10, 2007</a></u></font></p> <p align=center ><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>Why did the US markets fall? </b></font></p> <p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">It seems the US stock market fell because somebody told them that the US economy is not so strong as that of India and China. And why did the Indian stock market crash? Because the US market fell!</font></p> <p align=center ><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>From our Legal Corner – Monday's cases</b></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><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></font></p> <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><u1:p></u1:p> </font> <p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><u1:p><font color="#FF0000"> </font></u1:p><font color="#FF0000">Income Tax<u1:p></u1:p></font><u1:p></u1:p></strong></font></p> <p align="justify" ><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>TDS – No demand on the tax deductor if the deductee has discharged the tax obligation – Supreme Court </b></font></p> <p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">You are liable to deduct TDS. By a mistaken understanding, you deduct less TDS than what was required to be deducted. However the deductee pays the correct Income Tax. Can the Department demand the TDS again from you? Logic would say, NO, but logic and tax don't always go together and you need the Supreme Court to tell you that on the same income, you cannot levy tax twice!</font></p> <p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#FF0000">Central Excise <u1:p></u1:p></font><u1:p></u1:p></strong></font></p> <p align="justify" ><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>Minutes of meeting conducted by Committee of Commissioners cannot constitute an authorisation in terms of Sec 129A(2) of Customs Act - Commissioner himself filing an appeal against an order of Commissioner (A) is bad in law : CESTAT </b></font></p> <p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#663399">THINGS </font></strong><font color="#663399"><b><i>are really getting murkier day by day. </i></b> </font> It was only last week that we had reported the Tribunal decision that "One Commissioner wearing two hats cannot constitute a Committee" [Coromandel Fertilizers <u><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=52&filename=legal/cestat/2007/2007-TIOL-1113-CESTAT-MUM.htm"><font size="1">2007-TIOL-1113-CESTAT-MUM</font></a></u><font size="1">]</font>. No doubt, that was an administrative exigency that warranted the same Commissioner to step into the shoes of his colleague who was the head of the neighbouring Commissionerate, all because the Chief Commissioner ordered so. </font></p> <p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Probably, these trivial matters cannot make the Board wake up from its slumber and issue some specific directions in the matter and at the same time take a re-look at its Circular 825/2/2006-CX, dated 06.02.2006 which was already disintegrated by the Tribunal decision in L.G.Balakrishnan & Bros. Ltd. <u><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=52&filename=legal/cestat/2007/2007-TIOL-143-CESTAT-MAD.htm"><font size="1">2007-TIOL-143-CESTAT-MAD</font></a></u><font size="1"><b><u>. </u></b></font></font></p> <p align="justify" ><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>Exports - refund of Cenvat credit - future prospect of utilisation of credit is not a bar to refund : Tribunal </b></font></p> <p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b><font color="#663399">THE</font> </b>appellants had taken Cenvat credit of the duty paid on the inputs i.e. Grey fabrics used in the manufacture of processed fabrics. The processed fabrics have been exported under Bond. There was accumulation of Cenvat credit for the month of Dec. 03 to April 04, for which the appellants have filed three refund claims under the provision of Rule 5 of the Cenvat Credit Rules, 2002. The Central Excise authorities rejected the same on the ground that the conditions laid under the Rule 5 of the Cenvat Credit Rules, 2002 have not been fulfilled. In the appellants' own case for the period pertaining to October & November 2003, the Tribunal has allowed the refund claim by its Order dated 6-12-2006. </font></p> <p align="justify" ><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b><u>See our columns Monday for the judgements</u></b></font></p> <p align="justify" ><font color="#FF6666" size="2" face="Verdana, Arial, Helvetica, sans-serif">Until Monday with more DDT</font><font color="#FF6666" size="2" face="Verdana, Arial, Helvetica, sans-serif"><u1:p></u1:p> </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"><u>vijaywrite@taxindiaonline.com</u></a></font></p> </body> </html>