Taxindiaonline.com Taxindiaonline.com Taxindiainternational.com HRindiaonline.com
 
LOGIN
Forgot Password |  Register
Wednesday , October 1, 2014 | Updated : Oct 1, 15:43 IST
Income Tax    Customs    Excise    Service Tax    FEMA    DGFT    SEZ    Misc    Pitara    Budget   
About Us Contact Us Advertise
Taxindiaonline.com Taxindiaonline.com Taxindiainternational.com
NEWS FLASH
 
CBEC notifies Customs exchange rates effective from Oct 02 (See NT 96 in 'What’s New') India, USA decide to set up high-level working group on IPR ST - Service tax is not payable on value of interest received on bill discounting facility extended by Appellant to its Customers as same is exempted in terms of Notfn. 29/2004-ST: CESTAT (See 'Breaking News') Long holidays force CBDT to extend due date for deposit of TDS to Oct 10 (See 'What's New') CENVAT Credit of ST paid on outward transport - Delivery of goods at buyer's premises - Credit is not admissible of freight charges as they are not integral part of price of goods: HC (See 'Breaking News') CBEC Action Plan to evolve Non-adversarial indirect tax administration (See 'DDT' Column) Vigilance Commissioner Rajiv gets Addl charge of CVC Income tax - Whether penalty is warranted even in case where tax is paid to buy peace with the Revenue - NO: HC (See 'Breaking News') Apotex Judgment and Scope of Rule 14 of CCR, 2004 (See 'ST se GST tak' Column) ST - Services provided of overall management and administration for Sahara's Aamby Valley project is correctly classifiable under category of Consulting Engineer Service & not under Real Estate Agent - Revenue appeal dismissed: CESTAT (See 'Breaking News') Board of Approval for SEZs Cancels Approvals (See 'DDT') I-T - Whether security deposit received from sister concern can be assessed u/s 2(22)(e) when such deposit was a business transaction: HC (See ‘2014-TIOL-1713’) OECD looking for Senior Advisor for Tax Inspectors Without Borders Project OMCs reduce petrol price by 65 paise per litre Hope of Revival - Core Sector grows by 5.8% in August Obama, Modi resolve to take bilateral ties to new high CBDT orders local transfers of Addl/JCITs (See 'Transfer' in Pitara) CBEC reduces tariff value of gold & silver (See 'NT 95' in What's New) Govt imposes definitive anti-dumping duty on phenol (See 'Not 43' in What's New) Centralized Processing Center of Income Tax becomes ISO-27001:2005 compliant (See 'Mixed Buzz') Govt sets up Task Force to lay roadmap for upgradation of existing agencies & establishment of new agencies like FSAT and FDMC ST - Main activity of C&F agent is that he receives the despatch orders and arranges clearance of the goods in terms of the directions of principal – since the appellant is free to sell goods to his customers he cannot be said to be working as C&F agent of the principal: CESTAT (See 'Breaking News') 'Make in India' should be scaled up into 'First Develop India' duty for all (See 'TIOL Edit') Gujarat Cadre suspended IPS officer Pradeep Sharma arrested in alleged corruption case As expected RBI keeps repo rate unchanged; says Inflation continues to be a concern ST - Broadcasting - Merely because payment is made in FC, nature of taxable event does not change - So long as any activity in relation to selling of time slots or obtaining sponsorships is undertaken, liability to pay tax is attracted: CESTAT (See 'Breaking News') Service Tax on Electricity, Water and Diesel Charges (See 'DDT' Column) Leave a Note for your Successor - PM tells Babus (See ‘DDT’)
 
Bookmark and Share
DDT is one year old

TIOL- DDT 252
01 12 2005
Thursday


One YEAR of DDTDAILY DOSE OF TAXATION

with Vijay Kumar

It’s not celebration but a reminder that so much is yet to be done! Thank you netizens for your support.


 

EPCG – 25% bank guarantee for custodians

Board has decided that service providers in the port handling sector who are appointed as Custodians by the jurisdictional Customs/Central Excise authorities shall be eligible for 25% Bank Guarantee for importing capital goods under EPCG Scheme. Circular No.58/2004-Cus. dated 21.10.2004 stands modified to this effect.

CIRCULAR NO. 49/2005-Cus, Dated : November 29, 2005

Anti-dumping duty on Acrylonitrile Butadiene Rubber (NBR),

The Anti-dumping duty on Acrylonitrile Butadiene Rubber (NBR), originating in, or exported from European Union (except Germany), Brazil and Mexico was imposed by Notification No. 53/2005-Customs dated the 7th June, 2005 and was to be valid till 6th day of December, 2005. Now this provisional duty is confirmed and Notification No. 53/2005 is superseded.

NOTIFICATION NO. 100/2005-Cus., Dated: November 29, 2005

Standard Input Output Norms (SION) changes

The DGFT has brought in several changes in the Standard Input Output Norms (SION)

PUBLIC NOTICE NO. 70 (RE:2005)/2004-2009, Dated: November 29, 2005

Import of marble – DGFT clarifies

As per DGFT Circular No. 24/2004-09 dated 30.8.2005,

“Eligibility- Entitlement would be restricted to those applicants who have set up manufacturing / processing units in the country and have made imports of these items in the preceding years when these items were under SIL list.”

Now the DGFT clarifies that

“manufacturing / processing units should have been set up during the years when marble was under SIL List or before. Hence documentary evidence showing establishment of manufacturing / processing units during that period should be produced”.

Similarly the circular prescribed that

The total import of rough marble blocks under Exim Code Nos.25151100, 25151210, 25151220, will be subject to a ceiling of 1.30 lakh MT per licensing year. The entitlement of individual firm will be worked out on the basis of the turnover of the preceding year. The applicant will be required to furnish a Chartered Accountant certificate certifying his turnover.

Now the DGFT clarifies that

the entitlement will be calculated on the basis of the turnover of marble imported under Chapter 25 of the ITC (HS) Classification of Export Import Items 2004-09 only. These companies who have been importing under Chapter 25 may also add their complete turnover for imported marble for the preceding year i.e. 2004-05. For this purpose a revised Chartered Accountant certificates indicating turnover of the preceding year (2004-05) based on above criteria should be filed.

POLICY CIRCULAR. NO 34 (RE-2005)/2004-09, Dated : Nov 30, 2005

Corrupt Customs – a global phenomenon?

Of 10 areas rife with corruption in Vietnam, the field considered top is land management, followed by customs and traffic police, according to a survey by the Central Committee for Internal Affairs.

Most respondents said that corruption is stirred by greed, not by poverty, because it often occurs among figures in authority. Corrupt officials often intentionally cause difficulties for citizens seeking civil services in order to extort money from them. 

From a report in VietNamNet Bridge yesterday.

Until tomorrow with more DDT

Have a nice day.

Mail your comments to vijaywrite@taxindiaonline.com


 RECENT DISCUSSION(S) POST YOUR COMMENTS
   
 
Sub: happy b'day

Wishing all the best for the DDT baby! It is really making very good impact among all concerned. Keep it up.

nuts.

Posted by jaikumar seetharaman
 
Sub: Crossing the infant stage

Sir,

Congrats and many wishes for the day. DDT has crossed the infant stage and has become a house hold name among netizens of TIOL In these fast moving days such daily dose is absolutely necesaary to keep oneself updated. DDT means Daily Doubt removing Tree- Best wishes again.
By,
M.RAM KUMAR,
BANGALORE

Posted by ramkumar ramkumar
 
 
 
TIOL SEARCH
 
TIOL Mobile App
TIOL Subscriptions
 All-In-One Package
 Indirect Tax Package
 Income Tax Package
<< More Packages>>
 
   
             
Income Tax Customs Excise Service Tax FEMA DGFT SEZ Misc Pitara Budget
  • Notifications
  • Circulars
  • SC Cases
  • HC Cases
  • ITAT Cases
  • Instructions
  • Advance Ruling
  • Settlement
  • Other Case
  • Directorate of Income Tax (Systems)
  • Tariff Notfn
  • Non Tariff Notfn
  • Circulars
  • SC Cases
  • HC Cases
  • Cestat Cases
  • Settlement
  • Advance Ruling
  • Safeguard Duty Notfn
  • Anti-dumping Notfn
  • Drawback Cases
  • Tariff Notfn
  • Non Tariff Notfn
  • Circulars
  • SC Cases
  • HC Cases
  • Cestat Cases
  • Settlement
  • Advance Ruling
  • Excise Amendment
  • Clean Energy Cess Notfn
  • MISC Circulars
  • 37B Order
  • Commr.(A) Order
  • CESTAT
  • Notifications
  • Circulars
  • SC Cases
  • HC Cases
  • Cestat Cases
  • Miscellaneous
  • Advance Ruling
  • FAQ
  • Finance Act, 1994
  • Commr. (A) Orders
  • 37B Order
  • Removal of Difficulty
  • VCES
  • Accounting Head
  • Exchange Manual
  • Fema Notifications
  • SC Cases
  • HC Cases
  • RBI Notifications
  • Act
  • Rules
  • Regulations
  • Master Circulars
  • RBI Circulars
  • Notifications
  • Circulars
  • Public Notices
  • Trade Notice
  • FTDR Amendment 2010
  • MISC
  • State Acts
  • Notifications
  • Instructions
  • Act 2005
  • Rules 2006
  • DGEP
  • State Policy
  • SC Cases
  • HC Cases
  • VAT Cases
  • Deputation Posts
  • Service News
  • The Insider
  • Transfer
  • Promotion
  • Recruitment Rules
  • Transfer Policy
  • Training Circulars
  • Service Cases
  • MISC
  • Pay Commission
  • Cadre Review
  • Budget Circular 2013-14
  • Union Budgets
  • Economic Surveys
  • Budget Speeches
  • Finance Acts
  • Finance Bill
  • TRU - D. O. Letter
  • A Taxindiaonline Website. Copyright © 2014 Taxindiaonline.com Pvt.Ltd. All rights reserved. | Powered by 4th Dimension