TIOL-DDT 95 · the untouched capture
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<div class=Section1>
<p class=MsoNormal><b><span lang=EN-IN style='font-family:Verdana;color:#0000CC'>TIOL-DDT
95<o:p></o:p></span></b></p>
<p class=MsoNormal><b><span lang=EN-IN style='font-size:10.0pt;font-family:
Verdana'>15 04 2005<o:p></o:p></span></b></p>
<p class=MsoNormal><b><span lang=EN-IN style='font-size:10.0pt;font-family:
Verdana'>Friday<o:p></o:p></span></b></p>
<p class=MsoNormal><span lang=EN-IN style='font-family:Verdana'><o:p> </o:p></span></p>
<p class=MsoNormal align=center style='text-align:center'><b style='mso-bidi-font-weight:
normal'><span lang=EN-IN style='font-family:Verdana;color:green'>Anti Dumping
duty on Hydroxyl Amine Sulphate discontinued<o:p></o:p></span></b></p>
<p style='text-align:justify'><span style='font-size:10.0pt;font-family:Verdana'>The
</span><span lang=EN-IN style='font-size:10.0pt;font-family:Verdana;mso-ansi-language:
EN-IN'>Anti Dumping duty on Hydroxyl Amine Sulphate is discontinued.
Notification No.31/2001-Customs, dated the 28<sup>th</sup> March, 2001, is
rescinded. The original duty was imposed with effect from 29<sup>th</sup>
September and would have any way lapsed in September 2005.<o:p></o:p></span></p>
<p class=MsoBodyText align=left style='text-align:left'><b style='mso-bidi-font-weight:
normal'><u><span style='color:blue'>Notification <span class=SpellE>No.33</span>/2005-CUSTOMS
dated the 12<sup>th</sup> April, 2005</span></u></b><b style='mso-bidi-font-weight:
normal'><u><span style='font-size:11.0pt;mso-bidi-font-size:12.0pt;color:blue'><o:p></o:p></span></u></b></p>
<p align=center style='text-align:center'><b style='mso-bidi-font-weight:normal'><span
style='font-family:Verdana;color:green'>Anti Dumping duty imposed on </span></b><b
style='mso-bidi-font-weight:normal'><span lang=EN-IN style='font-family:Verdana;
color:green;mso-ansi-language:EN-IN'>Thermal Sensitive Paper</span></b><b
style='mso-bidi-font-weight:normal'><u><span style='font-size:10.0pt;
font-family:Verdana;color:blue'><o:p></o:p></span></u></b></p>
<p class=MsoBodyText><span lang=EN-IN style='mso-bidi-font-size:10.0pt;
mso-ansi-language:EN-IN'>Thermal Sensitive Paper originating in or exported
from <st1:country-region w:st="on">Indonesia</st1:country-region>, <st1:country-region
w:st="on">Malaysia</st1:country-region> and <st1:country-region w:st="on"><st1:place
w:st="on">United Arab Emirates</st1:place></st1:country-region> will now
suffer an anti dumping duty for five years</span><b style='mso-bidi-font-weight:
normal'><u><span lang=EN-IN style='color:blue;mso-ansi-language:EN-IN'> </span><span
style='color:blue'><o:p></o:p></span></u></b></p>
<p class=MsoBodyText align=left style='text-align:left'><b style='mso-bidi-font-weight:
normal'><u><span style='color:blue'>Notification <span class=SpellE>No.35</span>/2005-CUSTOMS
dated the 13<sup>th</sup> April, 2005</span></u></b><b style='mso-bidi-font-weight:
normal'><u><span style='font-size:11.0pt;mso-bidi-font-size:12.0pt;color:blue'><o:p></o:p></span></u></b></p>
<p align=center style='text-align:center'><b style='mso-bidi-font-weight:normal'><span
style='font-family:Verdana;color:green'>Procedure for granting supplementary claim
of <span class=SpellE>DFCE</span> for service providers – <span class=SpellE>DGFT</span>
clarifies.<o:p></o:p></span></b></p>
<p style='text-align:justify'><span lang=EN-IN style='font-size:10.0pt;
font-family:Verdana;mso-ansi-language:EN-IN'>As per Para 9.4 of the Handbook of
Procedures, wherever any application for supplementary claim is received within
the specified time limit, such application may also be considered after
imposing a cut of 10%. Some licensing authorities have sought clarification
about the applicability of this provision <span class=SpellE>vis-a-vis</span>
claims filed under <span class=SpellE>DFCE</span> for service provider
category.<o:p></o:p></span></p>
<p style='text-align:justify'><span class=SpellE><span lang=EN-IN
style='font-size:10.0pt;font-family:Verdana;mso-ansi-language:EN-IN'>DGFT</span></span><span
lang=EN-IN style='font-size:10.0pt;font-family:Verdana;mso-ansi-language:EN-IN'>
after discussing at length has clarified that supplementary applications filed
within the last date prescribed for submission of an application shall be
allowed by imposing a cut of 10% on the entitlement across the Board to all
Export Promotion Schemes under FTP. It is further clarified that Wherever a
supplementary application is submitted late, but within six months of the last
prescribed date, a 20% cut shall be applied on the entitlement which shall
include 10% cut as per Para 9.3 and another 10% as per Para 9.4. Supplementary
claims filed outside the purview of Para 9.3 of Handbook of Procedures (i.e.
after six months of the last prescribed date) shall not be entertained<o:p></o:p></span></p>
<p style='text-align:justify'><span lang=EN-IN style='font-size:10.0pt;
font-family:Verdana;mso-ansi-language:EN-IN'>Now what is <span class=SpellE>DFCE</span>?
And why should the Government resort to these acronyms and confuse people? Or
is that they are too lazy to type the full form<span class=GramE>?.</span> Any
way <span class=SpellE>DFCE</span> means <b style='mso-bidi-font-weight:normal'>Duty
Free Credit Entitlement. </b>This is the forerunner<b style='mso-bidi-font-weight:
normal'> </b>to the much publicised Target plus scheme. <o:p></o:p></span></p>
<p><span class=SpellE><span class=GramE><b style='mso-bidi-font-weight:normal'><u><span
style='font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:Verdana;
color:blue'>DGFT</span></u></b></span></span><span class=GramE><b
style='mso-bidi-font-weight:normal'><u><span style='font-size:10.0pt;
mso-bidi-font-size:12.0pt;font-family:Verdana;color:blue'> CIRCULAR NO.</span></u></b></span><b
style='mso-bidi-font-weight:normal'><u><span style='font-size:10.0pt;
mso-bidi-font-size:12.0pt;font-family:Verdana;color:blue'> 01
(RE-2005)/2004-2009 Date: April 13, 2005<o:p></o:p></span></u></b></p>
<p align=center style='text-align:center'><span class=GramE><b
style='mso-bidi-font-weight:normal'><span style='font-family:Verdana;
color:green'>purchase/sale</span></b></span><b style='mso-bidi-font-weight:
normal'><span style='font-family:Verdana;color:green'> of Non-Performing Assets
– RBI issues draft guidelines<o:p></o:p></span></b></p>
<p style='text-align:justify'><span class=SpellE><span lang=EN-IN
style='font-size:10.0pt;font-family:Verdana;mso-ansi-language:EN-IN'>RBI</span></span><span
lang=EN-IN style='font-size:10.0pt;font-family:Verdana;mso-ansi-language:EN-IN'>
has decided to further increase the options available to banks With a view to
offer an additional avenue for effectively addressing their non performing
assets and accordingly draft guidelines on sale / purchase of non performing
assets have been formulated. The guidelines have been formulated with a view to
develop a healthy secondary market for non performing assets, where
securitisation companies and reconstruction companies are not involved.<o:p></o:p></span></p>
<p style='text-align:justify'><span class=SpellE><b style='mso-bidi-font-weight:
normal'><u><span style='font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:
Verdana;color:blue'>DBOD.NO.BP</span></u></b></span><b style='mso-bidi-font-weight:
normal'><u><span style='font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:
Verdana;color:blue'>. 1598 / 21.04.048/ 2004-<span class=GramE>05<span
style='mso-spacerun:yes'> </span>Dated</span> : 12 April 2005 <o:p></o:p></span></u></b></p>
<p align=center style='text-align:center'><b style='mso-bidi-font-weight:normal'><span
style='font-family:Verdana;color:green'>Is a sale made to Government/Industrial
Consumers for own consumption to be considered as retail sale?<o:p></o:p></span></b></p>
<p style='text-align:justify'><span style='font-size:10.0pt;font-family:Verdana'>Will
bulk sales to a single user like government, hotel etc, be considered as retail
sale? CESTAT Bangalore Bench had to refer this issue to a larger bench as there
are conflicting views. <o:p></o:p></span></p>
<p><span style='font-size:10.0pt;font-family:Verdana'>See </span><st1:place
w:st="on"><b style='mso-bidi-font-weight:normal'><u><span lang=EN-IN
style='font-size:10.0pt;font-family:Verdana;color:blue;mso-ansi-language:EN-IN'>HINDUSTAN</span></u></b></st1:place><b
style='mso-bidi-font-weight:normal'><u><span lang=EN-IN style='font-size:10.0pt;
font-family:Verdana;color:blue;mso-ansi-language:EN-IN'> LEVER<span
style='mso-spacerun:yes'> </span>v <span class=SpellE>CCE</span>, <span
class=SpellE>TRICHY</span> & <span class=SpellE>ANR</span> – TIOL <span
class=SpellE>XXXXXX</span></span></u></b><span lang=EN-IN style='font-size:
10.0pt;font-family:Verdana;mso-ansi-language:EN-IN'><span
style='mso-spacerun:yes'> </span><o:p></o:p></span></p>
<p align=center style='text-align:center'><b style='mso-bidi-font-weight:normal'><span
style='font-family:Verdana;color:green'>Can Commissioner pull down a bridge of
the <span class=SpellE>Konkan</span> Railways?<o:p></o:p></span></b></p>
<p style='text-align:justify'><span style='font-size:10.0pt;font-family:Verdana'>The
Commissioner confiscated girders used in the bridges for the <span
class=SpellE>Konkan</span> Railways and imposed a redemption fine of Rs. 5 lakhs.
What will happen if they do not redeem the girders? Will the Commissioner send
his Inspectors to pull down the bridges? The CESTAT observed, <b
style='mso-bidi-font-weight:normal'>“We do not know what would happen if the
appellants do not redeem them. The Commissioner would be in no position to pull
down the bridge to recover the blessed girders”<o:p></o:p></b></span></p>
<p style='text-align:justify'><span style='font-size:10.0pt;font-family:Verdana'>See
our breaking news story </span><b style='mso-bidi-font-weight:normal'><span
style='font-size:7.5pt;font-family:Verdana'><a
href="http://www.taxindiaonline.com/RC2/inside2.php3?filename=bnews_detail.php3&newsid=1480"><span
style='text-decoration:none;text-underline:none'>Commissioner pulls down <span
class=SpellE>Konkan</span> Railway bridge - well, almost!</span></a></span></b><span
lang=EN-IN style='font-size:10.0pt;font-family:Verdana;mso-ansi-language:EN-IN'><o:p></o:p></span></p>
<p class=MsoNormal><b><span lang=EN-IN style='font-size:10.0pt;font-family:
Verdana;color:red'>Until Monday with more of DDT<o:p></o:p></span></b></p>
<p class=MsoNormal><b><span lang=EN-IN style='font-size:10.0pt;font-family:
Verdana;color:red'><o:p> </o:p></span></b></p>
<p class=MsoNormal><b><span lang=EN-IN style='font-size:10.0pt;font-family:
Verdana;color:red'>Have a Nice weekend<o:p></o:p></span></b></p>
<p class=MsoNormal><b><span lang=EN-IN style='font-size:10.0pt;font-family:
Verdana;color:red'><o:p> </o:p></span></b></p>
<p class=MsoNormal><b><span lang=EN-IN style='font-size:10.0pt;font-family:
Verdana;color:red'>Mail your comments to <a
href="mailto:vijaywrite@taxindiaonline.com">vijaywrite@taxindiaonline.com</a><span
style='mso-spacerun:yes'> </span></span></b><span lang=EN-IN style='font-family:
Verdana'><o:p></o:p></span></p>
<p class=MsoNormal><span lang=EN-IN><o:p> </o:p></span></p>
<p class=MsoNormal><span lang=EN-IN><o:p> </o:p></span></p>
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