Budget to be presented on 16th March FM issues Advisory to CESTAT to ensure that orders are issued by Benches on conclusion of arguments and in complicated matters orders should be issued within 30 days Madras High Court stays levy of service tax on lawyers economic growth slows to 6.9 per cent Sunil Kumar appointed as Chief Secretary of Chattisgarh Amarchand Mangaldas to open offices in Chennai Ahmedabad & Pune US closes its embassy in Syria Sudha Sharma appointed as Member of CBDT Rupee hits a high of 48.73 against Dollar Laxman Das is Officiating Chairman of CBDT Tariff Value for import of gold is 556 & for silver 1067 & for Brass Scrap 4078 & for poppy seeds 2205-Customs Non-Tariff Notification No. 10 Fused Silica is classifiable under Tariff Item 32074000-Customs Circular No.3 Additional Commisssioner of Income Tax HA Siddiqui sentenced to 4 years imprisonment for accepting bribe of Rs 1 Lakh by CBI Court in Delhi HC upholds levy of service tax on booking of flats-The explanation which was inserted by the Finance Act of 2010 clearly brings within the fold of taxable service a construction service provided by the builder to a buyer where there is an intended sale between the parties whether before, during or after construction Authority for Advance Ruling rules super concentrates shall be classified as products of the chemical industry under heading 3824 90 90 of Customs Tariff Anti dumping duty imposed on import of Morpholine from China European Union & USA Anti dumping duty imposed on import of Geogrid/Geostrips/ Geostraps made of polyester or Glass fiber in all its forms from Refund of Anti-Dumping Duty (Paid in Excess of Actual Margin of Dumping) Rules, 2012 notified-Customs Non-Tariff Notification No.5 Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Amendment Rules, 2012-Customs Non-Tariff Notification No.6 Safeguard duty at the rate of 10% ad valorem notified on import of Phthalic anhydride, falling under tariff item 2917 35 00-Customs SG Notification No.1 Customs duty on import of Gold, Silver, Cut & Polished Diamonds hiked Customs duty to be charged at the rate of 2 per cent of Tariff Value on gold and 6 per cent of Tariff Value on silver Tariff Value for import of gold & silver notified-Customs Non-Tariff Notification No.3 Anti-dumping duty on imports ofSilk fabrics 20-100 gms per metre, falling under heading 5007 originating in, or exported from, China-CustomsTariff Notification No. 2 Anti-dumping duty imposed on imports of Nylon Filament Yarn, falling under Chapter 54 ,originating in, or exported from, China, Chinese Taipei, Malaysia, Thailand and Korea RP-Customs TariffNotification No.3 Anti-dumping duty imposed on import of Phosphoric Acid of allgrades and all concentrations (excluding Agriculture/Fertilizer Grade) ,falling under tariff item 28092010, originating in, or exported from, Israel and Taiwan-Customs Tariff Notification No.4 Anti-dumping duty on imports of Cellophane Transparent Film , falling under Chapter 39 , originating in, or exported from, China-Customs TariffNotification No.5 Anti-dumping duty onimports of Saccharin, falling under Chapters 29, 30, 33 and 38 ,originating in, or exported from, China-Customs Tariff Notification No.7 Special Bench of ITAT rules the appellant is not entitled to set off carry forward business loss against the long term capital gain arising on sale of land used for the purpose business ITAT rules Long Term and Short Term gains / losses on sale of equity shares under Portfolio Management Scheme is business income and not Capital Gains HC rules the opinion of the AO may have been legally erroneous but this cannot be a ground for initiation of re-assessment proceedings Anti-dumping duty on ‘Caustic Soda’, originating in, or exported from, Saudi Arabia, Iran, Japan, USA & France-Customs Tariff Notification No.1 Cost Accountants can issue Certificates for the purpose of refund of 4% CVD-Customs Circular No.1 Customs duty on import from ASEAN nations lowered- Customs Tariff Notification No.127 deeper tariff cut on import from Malaysia notified- Customs Tariff Notification No.128 deeper tariff cuts on import from Korea notified- Customs Tariff Notification No.123 deeper tariff cuts on import from Srilanka & Pakistan under SAFTA notified- Customs Tariff Notification No.125 Schedule of Rates for Service Tax Refund to Exporters notified in supersession of Notification No.17/2009-Service Tax Notification No. 52 Customs duty on import of several products from specified countries lowered-Customs Tariff Notification No.113 Anti-dumping duty on ‘Sodium Hydrosulphite (SHS)’, falling under headings 2831 and 2832 , originating in, or exported from, China PR- Customs Tariff Notification No.111 CBEC specifies documents required for Registration of ServiceTax Customs duty on import of 532 Products from Singapore lowered-many products exempted from duty-Customs Tariff Notification No. 106 Government allows Rebate of excise duty on export of goods to Nepal under ARE-1 Procedure w.e.f. 1st March 2012-Central Excise Non-Tariff Notification No.24
CBN’s action on eve of International Day against Drug Abuse and Illicit Trafficking
AIT News Network
NEW DELHI. Central Bureau of Narcotics (CBN) has stepped up its preventive activities to intercept illegal drugs as well as apprehend drug traffickers. On the eve of celebration of 26 June - International Day against Drug Abuse and Illicit Trafficking, the Central Bureau of Narcotics has reported the following seizures and arrests in different parts of the country. The sustained work being done by the sleuths of Central Bureau of Narcotics has yielded remarkable results as under.
On 13/06/2008
On the basis of information the preventive party of Central Bureau of Narcotics’ District Opium Officer, Chittorgarh seized 2.200 kgs of Opium from a house at Tehsil Kpasan. One person has been arrested under the provisions of NDPS Act.
On 15/06/2008
On the basis of information the preventive party of Central Bureau of Narcotics’ Dy. Narcotics Commissioner, Lucknow seized 0.280 kgs of Heroin at Barabanki-Zaidpur Road, District, Barabanki (U.P.). Three persons have been arrested under the provisions of NDPS Act.
On 20/06/2008
Central Bureau of Narcotics’ Preventive & Intelligence Cell Jaora seized 0.440 kgs of Heroin and 0.700 kgs of formula at Bus Stand Banswara, District Pratapgarh (Rajasthan). Two persons have been arrested under the provisions of NDPS Act.
On 21/06/2008
Acting on specific information developed by CBN Hqrs. Gwalior Preventive Wing a combined team from Hqrs., Gwalior, Ratlam, Ujjain and Neemuch supervised by the Asstt. Narcotics Commissioner, Neemuch seized illicit psychotropic substance Alprazolam weighing 5.2 kgs and 2 grams of Ephedrine along with a Ford Fiesta Car from Indrapuri Colony, Indore. Two persons have been arrested under the provisions of NDPS Act. In follow up action further 5.2 kgs Alprazolam was seized from a shop at Bhawar Kua, Indore. Further the premise of the licensed stockist was also raided and 52 kgs of Alprazolam was seized. The licensee is absconding.
On 22/06/2008
Central Bureau of Narcotics’ Preventive & Intelligence Cell, Jaipur seized 6.300 kgs of unclaimed Opium from a Rajasthan Roadways bus at Shivdaspura near Jaipur.
On 23/06/2008
Central Bureau of Narcotics’ Preventive & Intelligence Cell, Chittorgarh has arrested One person who was absconding and wanted in the seizure of 1.500 kgs of Opium effected by Central Bureau of Narcotics on 11/05/2007 has been finally apprehended as per the order of the NDPS Court, Chittorgarh and sent to judicial custody.
On 25/06/2008
Acting on information a preventive team of Central Bureau of Narcotics’ Dy. Narcotics Commissioner Lucknow seized 1.510 kgs of Heroin from the possession of a person at District Rampur (U.P.). One person has been arrested under the provisions of NDPS Act.
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