Vol. XIII Issue no.55
Chennai, Sep 5 , 2010
De novo proceedings not to cover exonerated persons: HC
New Delhi, September 3: A rare situation in the quasi-judicial proceedings under the Central Excise Act, 1944, emanates from a recent order of the Hon’ble High Court of Delhi in the case of S.C. Rahi vs UOI and Another, reported on page 18 of Vol.179 of Excise & Customs Reporter, pub
Duty exempted on specified goods from Myanmar
New Delhi, September 4: The Ministry of Finance has included Myanmar as one of the countries in Notification No. 153/2009-Customs, goods from which would be exempted from so much of the duty of customs leviable thereon as is in excess of the amount calculated in Annexure I appended there
CBI arrests customs officials in corruption case
Kishanganj (Bihar), September 2: Two Customs officials, including a superintendent, were arrested by CBI in connection with an alleged corruption case here today, officials said. CBI sleuths raided the Customs office here and arrested Superintendent Man Mohan Sharma and a constable, they
Customs notifications aligned to FTP
New Delhi, September 3: The Department of Revenue has aligned the notifications in respect of Served From India Scheme (SFIS), VKGUY and Duty Free Import Authorisation (DFIA) Scheme consequent to the announcement of the Foreign Trade Policy announced on August 23, vide Notification No.90
GST cannot be implemented from April 2011: FM
New Delhi, September 2: At a meeting taken yesterday by the Finance Minister, Pranab Mukherjee, with the Chief Commissioners in the CBDT and CBEC, the Minister said that it may not be possible to introduce GST from April 1, 2011, because, GST legislation, both at the Centre and the State
FM exhorts CBEC and CBDT to set up Committees for litigation management
New Delhi, September 2: Speaking at a review meeting with the Chief Commissioners and Commissioners of Income Tax, Customs and Central Excise in Mumbai yesterday, the Finance Minister, Shri Pranab Mukherjee has asked the Central Board of Direct Taxes (CBDT) and Central Board of Customs a
No sugar export against raw sugar imported in 2009
New Delhi, September 2: The Directorate of Sugar, Ministry of Consumer Affairs, Food and Public Distribution, has requested that no export of sugar should be permitted against raw sugar imported under the Advance Authorization Scheme from 17.2.2009 to 30.9.2009 without the release order
Import of goods for CWG further clarified
New Delhi, August 31: The Central Board of Excise and Customs has clarified that suppliers / contractors / vendors or sub vendors of OC, CWG, the Prasar Bharti or of the broadcasting right holders will also be eligible for benefit of the said Notification i.e. Notification No. 13/2010-Customs
Direct Taxes Code tabled in Lok Sabha
New Delhi, August 30: Finance Minister Pranab Mukherje has tabled the Direct Taxes Code in the Lok Sabha. The Code, however, belies the promise of overhauling the taxation system, but is more in the nature of rationalization of the income slabs so as to reduce the overall tax burden. &nb
Elastomeric yarn not subjected to ADD
New Delhi, August 31: The Central Board of Excise and Customs has clarified that the anti-dumping duty (ADD) imposed vide Notification No. 15/2007-Cus dated February 20, 2007, would not apply to import of Spandex Yarn (Elastomeric yarn). This clarification, vide Circular No. 30/2010-Cust
Exchange rate for September ’10 notified
New Delhi, August 31: The Ministry of Finance has notified the rate of exchange of foreign currencies for conversion into Indian rupees in respect of import and export goods, vide Notification No. 77/2010-Cus (NT) dated August 27, 2010.
MINISTRY OF FINANCE, DEPARTMENT OF REVENUE
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Conditions for imports under CWG modified
New Delhi, August 28: The Ministry of Finance has issued Notification No. 84/2010-Customs dated August 27, 2010, to introduce certain modifications in the procedure in respect of goods imported by the Organising Committee of the Common Wealth Games, 2010, National sports federations in relatio
DGBA.GAD.No.H- 850 /41 .07.003/2010-11
-----------------------------------RESERVE BANK OF INDIA-----------------------
DGBA.GAD.No.H- 850 /41 .07.003/2010-11 July 29, 20101.The Chairman/ Managing DirectorState Bank of India & its Associate Banks2.The Chairman and Managing Directo
All Nationalised Banks and IDBI Bank Ltd
3.The Mana
Assessee Code mandatory for Excise & Service Tax Payments
New Delhi, August 26: R.B.I has issued Circular DGBA.GAD.No.H - 850/41.07.003/ 2010-11 dated 29th July 2010, making it mandatory for the authorised banks to accept Central Excise and Service Tax payments from only those assessees whose Assessee Codes (Registration Numbers) exist in the EASIEST
Definitive ADD imposed on Coumarin from China
New Delhi, August 25: The Central Government has issued Notification No. 82/2010-Customs dated August 20, 2010 imposing definitive anti-dumping duty (ADD) on Coumarin, originating or exported from the People’s Republic of China, and imported into India, at a rate equivalent to the differ
DRI seizes 127 tonnes of imported e-waste
Chennai, August 20: Officials of the Directorate of Revenue Intelligence (DRI), Chennai, seized 127 tonnes of e-waste imported from four foreign countries from a container terminal here.
C. Rajan, Additional Director General, DRI, Chennai, said they received specific information that electric
Indirect Tax Collections up 46.2 % during April-July
New Delhi, August 12: Customs, Central Excise and Service tax revenue collections have increased by 46.2 percent at all India level during April-July 2010 over its corresponding period April-July 2009. Total revenue collections were to the tune of Rs.96,223/- crore duri
Raw silk imports enjoys nil duty
New Delhi, August 12: The Ministry of Finance has permitted import of raw silk of Grade 3A and above at nil rate of duty, vide Notification No. 80/2010-Customs dated August 10, 2010, if imported by National Handloom Development Corporation up to an aggregate quantity not exceeding 2500 m
Goods for CWG: Suppliers/venders not eligible to import
New Delhi, August 10: The Central Board of Excise and Customs has clarified that suppliers/ contractors/vendors appointed by the OC, CWG would not be eligible for the benefit under the said notification. The specimen signatures of the Joint Director General (Coordination), OC, CWG
CAG favours taxing physicians samples
New Delhi, August 7: In a report presented before the Parliament on Friday, the Comptroller and Auditor General (CAG), the supreme audit body, said that the government lost a total of over Rs.5 crore as revenue during the period 2005-06 to 2007-08, following 38 cases where central excise
Mangalore Central Excise Web site
Mangalore, August 5: The Mangalore Commissionerate of Central Excise launched its Web site http://cexmangalore.gov.in. on July 30. A press release said here that the Web site contains details of matters related to Central Excise and Service Tax in the commissionerate. The site provides i
Power generation equipment to suffer 10% duty
New Delhi, August 5: A Committee under the Chairmanship of Member (Industry), Planning Commission was constituted to suggest options and modalities to take care of the disadvantages suffered by the domestic industry related to mega power projects in the power sector. The committee has inter-al
Provisional ADD imposed on PVC paste resin
New Delhi, July 28: The Ministry of Finance has imposed provisional anti-dumping duty (ADD) on imports of Poly Vinyl Chloride Paste Resin, falling under sub heading 3904 22 10 of CTA, originating in, or exported from, People’s Republic of China, Japan, Republic of Korea, Malaysia, Russia
Kolkata Customs to tighten vigil on Nepal border
Kolkata, July 23: Customs authorities propose to step up surveillance along India's border with Nepal to check inflow of contraband goods and fake currencies, according to Mr S. Subramanian, Commissioner of Calcutta Customs. “Large containers on road trailers will be subject to tho
CE dept to send notices to four IPL players
Chandigarh, July 20: The central excise department, Chandigarh region, will soon issue notices to four cricket players, including Yuvraj Singh, for payment of Rs 1.17 crore as service tax on the income from the first and the second IPL seasons. “Demand notices to four p
Centre agrees to dual rate under GST
New Delhi, July 21: A consensus is emerging on the proposed Goods and Services Tax structure (GST), with the Centre on Wednesday agreeing to adopt a dual rate structure — a lower rate and a standard rate — for goods at the inception of Goods and Services Tax (GST). Ther
No service tax on food supplied by IRCTC on trains: HC
New Delhi, July 22: The Delhi High Court has said that eatables provided by the Indian Railways Catering & Tourism Corporation (IRCTC) in trains do not come within the ambit of service tax. The court passed the order on a petition of the IRCTC, seeking a direction from the gove
CBEC tightens import norms to check IPR violation
New Delhi, July 12: India has tightened its import norms to ensure fake product that violates design patents do not come into the country even for self use, as the country looks to contribute its bit to check global piracy.
The Central Board of Excise and Customs, the apex indirect taxe
Customs summons Bhushan Steel chief for alleged duty evasion
New Delhi, July 10: Customs authorities have issued summons to Bhushan Steel Chairman Brij Bhushan Singhal in connection with alleged duty evasion on goods
said to be valued at around Rs 20 lakh brought by him on his return from London on Thursday.
"The summons have been issued for Jul
Government may impose import duty on sugar: Pawar
Kolkata, July 11: The government may impose import duty on sugar in August as it is expecting a bumper crop, union Agriculture Minister Sharad Pawar said here on Saturday. "We will be getting the sowing data till the first week of August and after that we will take a decision on th
CBEC clarifies refund of 4% CVD
New Delhi, July 9: Having noticed that more than 80% of pending claims relate to 4% CVD cases, the Board has decided to further simplify the procedure for claiming 4% CVD refund, following several representations from the trade and industry, associations complaining about the delay in refund o
SC pulls up Revenue dept for delay in filing appeals
New Delhi, July 8: The inordinate time taken by Revenue Departments in filing appeals against judgments that went against them has snowballed into a serious affair, with the Solicitor General assuring the Supreme Court today that action is being taken to cut short the time lag, BS has reported
Indirect tax mop-up zooms 43pc in Q1
New Delhi, July 8: Indirect tax collection soared by a whopping 43 percent to Rs 56,930 crore in the first quarter of the current fiscal on the back of an upswing in industrial activity.
The revenue from customs, excise and service tax, which make up the indirect taxes, during the April
CBI files charge sheet against top Customs officials
Chennai, July 3: The Central Bureau of Investigation on Friday filed charge sheet against top Customs officials in a special court at Coimbatore in connection with a corruption case. The Anti-Corruption Branch had registered five cases in 2007 against Customs officers working in Tirupur,
IATA agents oppose service tax on economy class
Kochi, July 1: The IATA Agents Association of India, Kerala Chapter, has opposed the Central Government decision to charge service tax on all economy class passengers in addition to the existing service tax with effective July 1, as it would be a burden to the middle and low-class passen
Tribunal cannot dismiss an appeal for involving low stakes at the stage of final hearing, rules High Court
Chennai, July 1: The High Court of Madras in an appeal filed by the Department against the order of the Tribunal has ruled that the Tribunal has no power to dismiss an appeal, at the stage of final hearing, on the ground that the stakes involved is very less. The High Court has further held &l
Levy for non-payment of service tax on account of ignorance not sustainable: HC
Chennai, July 1: Levy of penalty under Section 78 of the Finance Act, 1994 due to non-payment of service tax because of ignorance of law is not acceptable, ruled the High Court of Madras in an appeal filed by the Department against the order of the Tribunal. Affirming the decision of the
Tariff rate of Brass Scrap revised
New Delhi, July 1: The Central Board of Excise and Customs has revised the tariff value in respect of brass scrap (all grades), when imported into India, to $ 3645 per metric tonne, vide Notification No. 52/2010-Customs (NT) dated June 30, 2010. No change has been notified in respect of
ADD on Emulsion PVC extended
New Delhi, June 29: The Ministry of Finance, on the recommendation of thew Designated Authority, has extended the imposition of anti-dumping duty (ADD) on Poly Vinyl Chloride Paste Resin also called as Emulsion PVC Resin, falling under sub-heading 3904 22 10 of the First Schedule to the
Clean energy cess on coal, lignite, peat from July 1
New Delhi, June 28: The clean energy cess (CEC) imposed on coal, lignite and peat will come into effect from July 1, the Finance Ministry has said. A slew of notifications No.1 to 5/2010-Clean Energy Cess, all dated June 22, 2010 have been issued, following the announcement by the Financ
ADD proposed on Chinese PVC Flex Film
New Delhi, June 25: The Designated Authority in the Commerce Ministry has recommended imposition of provisional anti-dumping duty on imported ‘PVC Flex Film' from China, following a petition from the domestic manufacturer, Pioneer Polyleathers Pvt Ltd, Rudrapur (Uttarakhand), alleging du
Dumpers defined under Cenvat Credit rules
New Delhi, June 23: CENVAT Credit on capital goods viz., dumpers or dippers are allowed to service providers on condition that these machinery are registered in the name of the provider of the output service and it is used for providing taxable service viz., site formation, excavation, earth m
Service tax waived on power supply, services within ports from July 1
New Delhi, June 23: The Government has issued 12 notifications, bearing No. 24 to 35/2010-Service Tax, all dated June 22, 2010, to appoint July 1, 2010, as the date on which the provisions of the Finance Act, 2010, in respect of applicability of service tax on various services shal
CVD chargeable on RMG based on RSP/MRP, says CBEC
New Delhi, June 23: The Central Board of Excise and Customs has clarified that for the purpose of uniformity in assessment, the additional duty of Customs (CVD) is chargeable on import of such readymade garments on the basis of their R.S.P./ M.R.P. The Board has drawn attention to the No
Indian customs seize tiger parts on way to China
Shillong, June 20: Acting on a tip-ff, Customs officers have seized two shipments of tiger bones and other animal parts worth $430,000, at the international airport in the far-eastern city of Guwahati, destined for use in traditional medicine in China, North East Customs Commissioner S R
Drawback Rules, 1995 amended
New Delhi, June 18: Rules 6, 7, 15 and 16A of the Customs, Central Excise Duties and Service Tax Drawback Rules, 1995 have been amended vide Notification No.49/2010-Customs (NT) dated June 17, 2010.
The sum and substance of the amendment is providing of more time to exporters to approach the
Tariff value of brass crap, poppy seeds revised
New Delhi, June 16: The Central Board of Excise and Customs has issued Notification No. 47/2010-Cus (NT) dated June 15, 2010, revising the tariff value of brass scrap (all grades) and poppy seeds, when imported into India. According to the notification, the tariff value of brass scrap ha
Import duty on sugar on hold
New Delhi, June 14: The government will wait for 10-15 days before taking a call on imposing import duty on sugar, although the domestic industry kept up pressure for the levy to arrest a crash in prices. "No decision on imposing import duty on sugar immediately because global pric
