TIOL-DDT 708 · the untouched capture
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<p><font size="2"><b><font color="#663399" size="3" face="Verdana, Arial, Helvetica, sans-serif">TIOL-DDT 708</font></b><font face="Verdana, Arial, Helvetica, sans-serif"><b><br>
27.09.2007<br>
Thursday</b></font></font></p>
<p align=center ><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>Anti dumping duty on Potassium Carbonate from <st1:country-region w:st="on"><st1:place
w:st="on">Taiwan</st1:country-region> - non cooperative exporter</b></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Vide Notification No. 37/2004-Customs, dated the 20th February, 2004, anti dumping duty was imposed on import of Potassium carbonate from countries like <st1:country-region w:st="on">Taiwan</st1:country-region> and <st1:country-region
w:st="on"><st1:place w:st="on">Korea</st1:country-region>. Imports from M/s Taiwan Pulp and Paper Corporation, <st1:country-region w:st="on"><st1:place
w:st="on">Taiwan</st1:country-region> were excluded from the purview of this anti dumping duty. However the DGAD has come to the conclusion that M/s Taiwan Pulp and Paper Corporation, Taiwan (Chinese Taipei) has violated the conditions of the price undertaking , and has recommended imposition of definitive anti-dumping duty on all exports of Potassium Carbonate by M/s Taiwan Pulp and Paper Corporation, Taiwan at the same rate as applicable to all other non-cooperative exporters from Taiwan. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">So the Government has now imposed the anti dumping duty on exports from the Taiwan Pulp and Paper Corporation with effect from 9.5.2007. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Consequently the provisional anti dumping duty imposed on exports by Taiwan Pulp and Paper Corporation, <st1:country-region w:st="on"><st1:place w:st="on">Taiwan</st1:country-region> is withdrawn by rescinding Notification No. 66/2007-Customs, dated the 9<sup>th</sup> May, 2007</font></p>
<p><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_106.htm" target="_blank">NOTIFICATION NO. 106</a></u><b><u> and </u></b><u><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2007/ctariff07_107.htm" target="_blank">107/2007-Customs, Dated: <st1:date Year="2007" Day="25" Month="9"
ls="trans" w:st="on">September 25, 2007</a></u></font></p>
<p align=center ><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>Exchange rates announced for imported goods and export goods</b></font></p>
<p><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_099.htm" target="_blank">Notification Nos. 99/2007</a> <b><u>and </u></b><u><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=24&filename=notification/custom/2007/cnt07_100.htm" target="_blank">100/2007-Cus., (N.T.), Dated September 25, 2007</a></u> fix the exchange rates for imports and exports respectively with effect from 1<sup>st</sup> September, 2007. Notifications 88 <strong>and</strong> 89/2007-NT-Customs, dated <st1:date Year="2007" Day="29" Month="8" ls="trans" w:st="on">August 29, 2007 are superseded.</font></p>
<p><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_099.htm">Notification Nos. 99/2007</a><b> and </b><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=24&filename=notification/custom/2007/cnt07_100.htm">100/2007-Cus., (N.T.), Dated September 25, 2007</a></u></font></p>
<p align=center ><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>List of <st1:stockticker w:st="on">ISO Certification agencies - DGFT amends Bureau Veritas</b></font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">In the list of Certification Agencies, was Bureau Veritas Quality International, Nariman Point, Mumbai,m which is now changed to Bureau Veritas Certification (<st1:place w:st="on"><st1:country-region w:st="on">India</st1:country-region>) Private Limited, Marwah Centre, 6 th Floor, <st1:PersonName w:st="on"><st2:GivenName w:st="on">K.Marwah</st2:GivenName> <st2:Sn w:st="on">Marg</st2:Sn>, Off. <st1:Street w:st="on"><st1:address
w:st="on">Saki Vihar Road, Andheri (East), Mumbai-400072.</font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><u><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=47&filename=notification/dgft/2007/dgft07pn048.htm" target="_blank">DGFT PUBLIC NOTICE NO. 48 (RE-2007)/2004-09 Dated: September 25 , 2007</a></u></font></p>
<p align=center ><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>Registering Authorities for issuing RCMC FIEO added</b></font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">In respect of multi product exporters having their head office/registered office in the North Eastern States, RCMC may be obtained from FIEO office in Shillong (except for the products looked after by APEDA, Spices Board and Tea Board).</font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><u><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=47&filename=notification/dgft/2007/dgft07pn049.htm" target="_blank">DGFT PUBLIC NOTICE NO. 49 (RE-2007)/2004-09 Dated: September 25 , 2007</a></u></font></p>
<p align=center ><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>Indian Oilseeds & Produce Exporters Association added to list of Export Promotion Councils</b></font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Indian Oilseeds & Produce Exporters Association <st1:stockticker
w:st="on">EPC (IOPEA), 78-79, Bajaj Bhavan, Nariman Point, Mumbai - 400 021, is added to the list of Export Promotion Councils for Oil seeds and oils, other than de-oiled cake, rice bran oil, soya oil, soya de-oiled cake and the products dealt by shellac & Forest Product Export promotion council</font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><u><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=47&filename=notification/dgft/2007/dgft07pn050.htm" target="_blank">DGFT PUBLIC NOTICE NO. 50 (RE-2007)/2004-09 Dated: September 25 , 2007</a></u></font></p>
<p align=center ><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>Doing
Business 2008 - <st1:country-region w:st="on"><st1:place w:st="on">India</st1:country-region> a
good destination</b></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><st1:place w:st="on">South Asia picked up the pace of regulatory reform over the past year to become the second-fastest reforming region in the world, on par with the speed of reform in the countries of the OECD, finds <b><font color="#663399">Doing Business 2008</font></b><font color="#663399">.</font> The report is the fifth in an annual report series issued by the World Bank and <st1:stockticker w:st="on">IFC. Last year <st1:place w:st="on">South Asia ranked lowest on the rate of reform; this year two-thirds of its countries had at least one reform. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The pickup in reform was led by <st1:place w:st="on"><st1:country-region w:st="on">India</st1:country-region>, which rose 12 places on the ease of doing business and made the reform of business regulation a policy objective. <st1:country-region
w:st="on"><st1:place w:st="on">India</st1:country-region> was the top reformer worldwide in trading across borders. <st1:country-region w:st="on">Bhutan</st1:country-region> and <st1:country-region w:st="on">Sri Lanka</st1:country-region> are the other top reformers in <st1:place w:st="on">South Asia this year. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><st1:country-region w:st="on"><st1:place w:st="on">Singapore</st1:country-region>, for the second year running, tops the aggregate rankings on the ease of doing business. The top-ranking countries in South Asia are <st1:country-region w:st="on">Maldives</st1:country-region> (60) and <st1:country-region w:st="on"><st1:place w:st="on">Pakistan</st1:country-region> (76). <st1:country-region w:st="on">India</st1:country-region> improved its ranking to 120th this year--achieving a bigger gain than <st1:place w:st="on"><st1:country-region
w:st="on">China</st1:country-region>, which rose by nine places to 83rd. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><st1:country-region w:st="on">India</st1:country-region> is now setting the standard for reform in <st1:place w:st="on">South Asia, with an explicit policy objective to become a leading business-friendly economy. Besides making it easier to trade across borders, <st1:country-region
w:st="on"><st1:place w:st="on">India</st1:country-region> increased access to credit by expanding credit bureau coverage to individuals as well as businesses. It also introduced an electronic registry for security rights granted by companies.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><st1:country-region w:st="on"><st1:place w:st="on">Pakistan</st1:country-region> extended overtime limits for retail workers and made working hours more flexible. The country's private credit bureau now reports both positive and negative information on borrowers and stores more information on loans. The public credit registry eliminated its loan threshold, boosting coverage by a factor of 20. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">One way to spur reforms is to compare cities within a country. Doing Business finds that the time to obtain a business license in <st1:country-region w:st="on">India</st1:country-region> ranges from 159 days in Bhubaneshwar to <st1:metricconverter
ProductID="522 in" w:st="on">522 in <st1:City w:st="on"><st1:place
w:st="on">Ranchi. The time to register property ranges from 35 days in <st1:City w:st="on">Hyderabad to <st1:metricconverter
ProductID="155 in" w:st="on">155 in <st1:City w:st="on"><st1:place
w:st="on">Calcutta. If the top score among Indian cities in each of the Doing Business indicators were used for the country as a whole, <st1:place w:st="on"><st1:country-region w:st="on">India</st1:country-region> would rise 55 places in the aggregate country rankings. The Indian government is using this information to plan further reform.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Doing Business 2008 ranks 178 economies on the ease of doing business. The top <st1:metricconverter
ProductID="25 in" w:st="on">25 in the overall rankings are, in order, Singapore, New Zealand, the United States, Hong Kong (China), Denmark, the United Kingdom, Canada, Ireland, Australia, Iceland, Norway, Japan, Finland, Sweden, Thailand, Switzerland, Estonia, Georgia, Belgium, Germany, the Netherlands, Latvia, Saudi Arabia, Malaysia, and Austria.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The rankings are based on 10 indicators of business regulation that track the time and cost to meet government requirements in business start-up, operation, trade, taxation, and closure. The rankings do not reflect such areas as macroeconomic policy, quality of infrastructure, currency volatility, investor perceptions, or crime rates. Since 2003 Doing Business has inspired or informed more than 113 reforms around the world.</font></p>
<p align=center ><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>India
ranks 72 in Corruption Index</b></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><st1:country-region w:st="on"><st1:place w:st="on">India</st1:country-region> has been placed at rank <st1:metricconverter
ProductID="72 in" w:st="on">72 in the Corruption Perception Index of the Transparency International. It has slightly improved from its position of <st1:metricconverter ProductID="70 in" w:st="on">70 in 2006 and <st1:metricconverter ProductID="88 in" w:st="on">88 in 2005 and <st1:metricconverter ProductID="90 in" w:st="on">90 in <st1:metricconverter ProductID="2004. In" w:st="on">2004. In 2007, our rank is 72 out of 179 countries. Bangladesh at 162, Nigeria at 147, Russia at 143, Pakistan at 138, Iran at 131, sri Lanka at 94, are all below us while China at 72 share the honours with us. <st1:country-region w:st="on">Kuwait</st1:country-region> at 60, <st1:country-region
w:st="on">Mauritius</st1:country-region> at 53, <st1:country-region w:st="on">Bhutan</st1:country-region> at 46, <st1:country-region w:st="on">Italy</st1:country-region> at 41, <st1:country-region
w:st="on">Taiwan</st1:country-region> at 34 and <st1:place
w:st="on"><st1:country-region w:st="on">USA</st1:country-region> at 20 are ahead of us. And the least corrupt country is <st1:country-region
w:st="on">Denmark</st1:country-region> followed by <st1:country-region w:st="on">Finland</st1:country-region>, <st1:country-region w:st="on">New Zealand</st1:country-region> and <st1:place
w:st="on"><st1:country-region w:st="on">Singapore</st1:country-region>.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The divide in perceived levels of corruption in rich and poor countries remains as sharp as ever, according to the <i>2007 Corruption Perceptions Index </i>(<st1:stockticker
w:st="on">CPI), released yesterday by Transparency International, the global coalition against corruption.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The 2007 <i>Corruption Perceptions Index</i> looks at perceptions of public sector corruption in 180 countries and territories - the greatest country coverage of any <st1:stockticker w:st="on">CPI to date - and is a composite index that draws on 14 expert opinion surveys. It scores countries on a scale from zero to ten, with zero indicating high levels of perceived corruption and ten indicating low levels of perceived corruption. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">A strong correlation between corruption and poverty continues to be evident. Forty percent of those scoring below three, indicating that corruption is perceived as rampant, are classified by the World Bank as low income countries. <st1:country-region w:st="on">Somalia</st1:country-region> and <st1:country-region
w:st="on">Myanmar</st1:country-region> share the lowest score of 1.4, while <st1:country-region
w:st="on">Denmark</st1:country-region> has edged up to share the top score of 9.4 with perennial high-flyers <st1:country-region w:st="on">Finland</st1:country-region> and <st1:country-region w:st="on"><st1:place w:st="on">New Zealand</st1:country-region>. </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b><font color="#663399">The poorest countries suffer most under the yoke of corruption.</font></b> </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">And it is ultimately their responsibility to tackle the problem. Low scores in the <st1:stockticker w:st="on">CPI indicate that public institutions are heavily compromised. The first order of business is to improve transparency in financial management, from revenue collection to expenditure, as well as strengthening oversight and putting an end to the impunity of corrupt officials.</font></p>
<p><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>Solution? TI suggests </b></font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ Developing countries should use aid money to strengthen their governance institutions, guided by national assessments and development strategies, and to incorporate strengthened integrity and corruption prevention as an integral part of poverty reduction programmes. </font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ Judicial independence, integrity and accountability must be enhanced to improve the credibility of justice systems in poorer countries. Not only must judicial proceedings be freed of political influence, judges themselves must be subject to disciplinary rules, limited immunity and a code of judicial conduct to help ensure that justice is served. A clean and capable judiciary is essential if developing countries are to manage requests for assistance in the recovery of stolen assets from abroad. </font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ Governments must introduce anti-money laundering measures to eradicate safe havens for stolen assets, as prescribed by the UNCAC. Leading banking centres should explore the development of uniform expedited procedures for the identification, freezing and repatriation of the proceeds of corruption. Clear escrow provisions for disputed funds are essential. </font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ Wealthy countries must regulate their financial centres more strictly. Focusing on the roles of trusts, demanding knowledge of beneficial ownership and strengthening anti-money laundering provisions are just a few of the ways that rich governments can tackle the facilitators of corruption. </font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ The world's wealthiest governments must strictly enforce the OECD Anti-Bribery Convention, which criminalises the bribery of foreign public officials. Lack of compliance with the convention's provisions continues to hinder corruption investigations and prosecutions. </font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ The boards of multinational companies must not only introduce but implement effective anti-bribery codes, and ensure that they are adhered to by subsidiaries and foreign offices.</font></p>
<p align=center ><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>'<st1:place w:st="on"><st1:country-region w:st="on">India</st1:country-region> at 60: A New Age for Business' </b></font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Speaking at the Asia Society in <st1:State w:st="on">New York yesterday, <st1:PersonName
w:st="on">Finance Minister <st2:GivenName w:st="on">P</st2:GivenName> <st2:Sn
w:st="on">Chidambaram</st2:Sn> said that <st1:country-region
w:st="on"><st1:place w:st="on">India</st1:country-region> will introduce more reforms to create wealth and the space needed for public investment with the larger aim of making economic growth inclusive</font></p>
<p><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>More
FM-SPEAK:</strong></font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ I am confident of maintaining the high growth rate in the medium term, but need some more reforms in the long term.</font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ those who could afford the clothes to wear and food to eat did not have access to some basic essentials to lead a normal life like potable water, sanitation and road connectivity.</font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ They depend on public services. It is difficult to deliver public services. But reforms will ensure growth, more tax revenue and allocation of money for health and education.</font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ Reforms will create millionaires in <st1:country-region
w:st="on"><st1:place w:st="on">India</st1:country-region>, money to allocate, to establish facilities abroad and to take public services to the people.</font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ Growth with equity is the only way forward to achieve that goal.</font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ the country lost decades of development and growth due to colonization and bureaucratic hurdles.</font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ <st1:country-region w:st="on"><st1:place
w:st="on">India</st1:country-region> will be able to wipe out its revenue deficit by next year and will bring the fiscal deficit below 3 percent.</font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ investments in the country had already exceeded the savings rate.</font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ We brought down the fiscal deficit to 3.3 per cent this year and it will be brought down to below 3 percent by next fiscal year.</font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ Unlike <st1:country-region w:st="on"><st1:place
w:st="on">China</st1:country-region>, we did not prevent our people from consuming goods and services.</font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ The Taj Mahal, the Himalayas and the Ganga stand as sentinels for <st1:country-region
w:st="on"><st1:place w:st="on">India</st1:country-region>'s incredibility. But what can make it credible is when it becomes strong and prosperous.<br>
<br>
</font></p>
<p align=center ><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>From our Legal Corner - tomorrow's cases</b></font></p>
<p align=center ><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b><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></b></font></strong></font></b></font></strong></font></p>
<p align="justify" ><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>Income Tax</b></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b><font color="#663399">Deduction under Section 80 HHC can be allowed only if there is a positive profit - Supreme Court </font> </b></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">This is a rare case where the assessee lost consistently at all stages from AO, through, Commissioner (Appeals), ITAT, High Court and now the Supreme Court.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"> For the assessment year 1992-93, the assessee appellant had claimed deduction under Section 80-HHC of the Income Tax Act. The assessing officer disallowed the claim on the ground that the 'profits of the business' computed under Section 80-HHC indicated a negative figure. An appeal was preferred before Commissioner of Income-Tax (Appeals), who also was of the same view and dismissed the appeal. The assessee failed before the ITAT also and the following questions were referred to the High Court.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b><font color="#663399">Block assessment - notice u/s 158BC(a) cannot be equated with that of notice u/s 148; Defects in notice protected under umbrella of Sec 292B : <st1:City w:st="on"><st1:place
w:st="on">Bombay HC </font></b></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b><font color="#663399">THE</font></b> issue before the High Court was : If a notice under Sec 158BC(a) is not issued, but the assessment order is passed, will it render the assessment illegal and without jurisdiction?</font></p>
<p align="justify" ><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>Customs </b></font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b><font color="#663399">Signal decoder used by Cable operators is classifiable under tariff heading 8528 - Supreme Court</font></b> </font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The Supreme Court was faced with the difficult task of classification of Signal Decoder which is normally used by a Cable Operator for distributing Satellite signals collected by Dish Antenna. Is it under Entry 8528 or 8529". </font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Such collected signals, if weak, are strengthened by the Decoder and are fed further to the customers' television. Normally, the signals so collected by the feed-horn are weak and, therefore, a device called Low Noise Block down Converter is used for the amplification of those signals. The Decoder also converts the signals received from the Satellite by way of Dish Antenna into useable signals. In short, the signals are modulated into proper frequency and with the help of channel combiners, distribution amplifiers, channel converters and top off boxes, the signals are distributed to the subscribers for viewing the programmes. This apparatus is useful in case of some of the broadcasters transmitting the Pay Channels and for that purpose the Cable Operator connects the Decoder after the Satellite Receiver and the Decoders perform the de-coding function only after the reception of signals by Satellite Receiver and then feeds into the frequency level which the Decoder can withstand. </font></p>
<p align="justify" ><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>Service Tax </b></font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b><font color="#663399">Boilers supplied on lease contract - Interest collected from buyers on unpaid amount of credit not chargeable to service tax under head 'Banking and Financial Services' - clause (Viii) of Explanation 1 to Sec 67 clarificatory in nature : Tribunal</font></b></font></p>
<p align="justify" ><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#663399">THE </font></strong>appellants are registered manufacturers of Industrial boilers, heaters, pollution control equipments, heat pumps, chillers etc. They are also registered under Service Tax for providing services under the five categories viz. Consulting Engineering, Installation and Commissioning, Repairs and Maintenance, Technical Testing and Analysis, Franchisee Service.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b><u><font color="#663399">See our columns tomorrow for the judgments</font></u></b></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>
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