TIOL-DDT 769 · 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> <p><font size="2"><strong><font color="#663399" size="3" face="Verdana, Arial, Helvetica, sans-serif">TIOL-DDT 769 </font><font size="3" face="Verdana, Arial, Helvetica, sans-serif"></font><font face="Verdana, Arial, Helvetica, sans-serif"><br> 27.12.2007 <br> Thursday </font></strong></font></p> <p align="center"><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Import policy of 1- Bromo -3- Chloro Propane - restricted or free? </strong></font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">DGFT had received representations asking for clarification regarding the ITC (HS) Code No. and import policy of the item 1- Bromo -3- Chloro Propane. </font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">DGFT has realised that there is no specific ITC (HS) Code provided for this item in the classification. </font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">DGFT has examined the matter in consultation with Department of Chemicals & Petrochemicals and Ministry of Environment & Forests (Ozone Cell). </font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">DGFT now clarifies that the item, 1- Bromo -3- Chloro Propane shall be classified under Exim Code No.29034490 (Others). </font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">DGFT however notices that the items classified under ITC (HS) Code No.29034490 are restricted for imports and subject to the following condition:- </font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">"Import is permitted by actual users against a licence from a country which is a party to the "Montreal Protocol on Substances that Deplete the Ozone Layer". List of the countries which are parties to the Montreal Protocol will be notified by Director General of Foreign Trade from time to time. However, import from countries, which are not parties to the Montreal Protocol is prohibited". </font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">But Ministry of Environment & Forests has clarified that 1- Bromo -3- Chloro Propane is not listed in the Ozone Depleting Substances List of Montreal Protocol. </font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">DGFT therefore clarifies that the import of this item may be considered <strong><font color="#FF6633">free</font></strong><font color="#FF6633">.</font> </font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=46&filename=notification/dgft/2007/dgft07cir022.htm" target="_blank">POLICY CIRCULAR NO 22 (RE-07)/2004-2009 Dated: December 24, 2007 </a></font></p> <p align="center"><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Import of palm oil - not permitted through Kerala </strong></font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The Import Policy is amended to bar import of Crude Palm Oil, Refined bleached deodorised palm oil, Refined bleached deodorised palmolein , Palm Kernel Oil, Palm Kernel Oil and its fractions through any port in Kerala. </font></p> <p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=45&filename=notification/dgft/2007/dgft07not063.htm" target="_blank">NOTIFICATION NO. 63 (RE-2007) / 2004-2009, Dated: December 24, 2007 </a></font></p> <p align="center"><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Delinquent Income Tax officers - Concerned CBDT </strong></font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">It is not as if the officers are exactly eager to obey the transfer orders of the Board. Many officers develop a sort of attachment to a place - holy or unholy( the attachment, not the place) and soon become immovable property of the Government and it becomes very difficult to move them. Sometime back we reported the case of a Central Excise officer who was promoted as Chief Commissioner and posted to Hyderabad . He happily continued to work from his former office in Kolkata , until we pointed out that his office happens to be in distant Hyderabad ! Not every transferred officer leaves his previous office and it requires a lot of lifting power to make him move to his new place. </font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Last week, the CBDT wrote a letter to the Chief Commissioner of Income Tax, Kolkata with copies to all Chief Commissioners in India about two officers who have been on leave for more than a year. And this fact was not brought to the notice of the Board during the General Transfers. The Board wants the Chief Commissioner to clarify how the work which these officers were supposed to do, was handled, especially when the Chief Commissioner is not empowered to give additional charge beyond 39 days. - were these posts not required? </font></p> <p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Board wants Chief Commissioners to bring to the notice of the Board details about such <strong><font color="#FF6633">outstanding</font> </strong> officers! </font></p> <p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/inside2.php3?filename=wnew/letter_kol.htm" target="_blank">CBDT letter F. No. A-35015/62/2007-Ad VI dated 18th December 2007 </a></font></p> <p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#006600">Jurispruden</font><font color="#663399" size="5">tiol</font> <font color="#006600">- Tomorrow's cases </font></strong></font></p> <p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b><strong><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></strong></b></font></b></font></b></font></b></font></b></font></b></font></p> <p align="justify"><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Income Tax </strong></font></p> <p align="justify"><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Gujarat Maritime Board is entitled to the status of a Charitable Institution under Section 11 of the Income Tax Act - Supreme Court </strong></font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Gujarat Maritime Board is a statutory Authority constituted under Section 3(2) of Gujarat Maritime Board Act, 1981. Before 13.11.2002, the Board was registered as "Local Authority" as defined under Section 3(31) of the General Clauses Act, 1897 which was a very wide definition. Prior to 2002, the Board was availing exemption as Local Authority under Section 10(20) of the Income Tax Act. Accordingly, prior to 2002 the income of the Board was not liable to income-tax under Section 10(20) of the Income-tax Act, 1961. </font></p> <p align="justify"><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Income Tax - Manufacturing and production need not necessarily mean by the owner only, but also includes job work. Job worker also and can claim deduction under section 80IB of the Act : ITAT </strong></font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">THIS is an appeal by the revenue against the order of Commissioner of Income Tax (Appeals) directing AO to allow deduction u/s 80- IB relating to manufacturing of Glucon D ignoring the fact that :- </font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">i ) The assessee was doing the work on job basis for its principals. </font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">ii) The assessee is not engaged in the manufacture of Glucon D as such but is processing only by mixing the various finished products constituting Glucon D. </font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">iii) The assessee claimed similar deduction u/s 80IB on the manufacture of " Complan " but withdrew its claim at appellate stage and therefore similar claim for ' Glucon D' should have been disallowed. </font></p> <p align="justify"><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Central Excise </strong></font></p> <p align="justify"><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Belated filing of Modvat declaration - Tribunal order correctly appreciates amending notification 7/99- CE( N.T ) and guidelines issued by Board - Revenue appeal dismissed by Madras HC </strong></font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">IN this Revenue Appeal filed against the Final Order of the CESTAT, SZB , Chennai, the following questions of law were formulated - </font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><em>1. Whether the credit of duty on capital goods can be allowed when the respondents have not filed statutory declarations which is a mandatory provisions under Rule 57T (1) of CER 1944? </em></font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2. Whether credit of duty on capital goods can be allowed when the respondents have not intimated about the date of receipt of capital goods into the factory which is a mandatory provisions under Rule 57T (2) of CER 1944? </font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><em>3. Whether the Hon'ble Tribunal is right in holding that the Revenue has no case that any of the substantive conditions for capital goods credit was not fulfilled by the respondents when the respondents have violated to sub-rules namely Rule 57T (1) and 57T (2)? </em></font></p> <p align="justify"><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>See our columns tomorrow for the judgements </strong></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>