Taxindiaonline.com - Daily Mail Update
 
2007-TIOL-NEWS-161
Saturday, July 7, 2007
 
     
 

Dear Member,

Sending you the following files:

 
     
Direct Tax Basket

CBDT Order 102a_2007 + CBDT Order 102b_2007 + CBDT Order 103_2007

CBDT issues local rotation orders of CITs;

2007-TIOL-363-HC-KERALA-IT.doc + penalty story.doc

Assessee during his lifetime and his legal heirs failed to settle the tax arrears in terms of settlement - Levy of penalty tenable :HC;

 
Indirect Tax Basket

CENTRAL EXCISE SECTION

2007-TIOL-910-CESTAT-DEL.doc

Charges of clandestine removal cannot be sustainable on the basis of the excessive consumptions of raw material :Cestat;

2007-TIOL-909-CESTAT-DEL.doc

Central Excise - Cenvat credit on capital goods availed - Credit denied and penalty imposed - As per definition of capital goods in rule 2(b) of Cenvat Credit Rules, even components, spares or accessories of capital goods are to be treated as capital goods but items of general nature are not covered by the definition - Assessee has not adduced evidence to show that the items are to be used specifically as spares of capital goods - Assessee's appeal rejected - (Para 6,8). :Cestat;

 

SERVICE TAX SECTION

2007-TIOL-908-CESTAT-MAD.doc

Service Tax - Business Auxiliary Services - The appellant have paid Service Tax though not payable and not claimed refund of the same - Eligible for benefits of Section 80 of Finance Act, 1994 - Penalties waived :Cestat;

 

CUSTOMS SECTION

2007-TIOL-907-CESTAT-BANG.doc

Exports - Cess - Shrimps are not fish for Charging Cess under AP Cess Act, 1940 :Cestat;

 
Common Basket

cbuzz177.doc

MRPL to supply petroleum products to Mauritius for 3 more years ;

cbuzz176.doc

GE Shipping contracts to buy another modern Suezmax Tanker;

     
 

Regards
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