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Sudha Sharma appointed as Member of CBDT Rupee hits a high of 48.73 against Dollar Excise Officers caught burning official files in midight in Aligarh after Income Tax raids on Ponty Chadha SC cancels 122 licences issued by A Raja during his tenure as Telecom Minister 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 Exchange Rate for imported goods is Rs 50.20 Per US Dollar & Rs 66 per EURO-Exchange Rate for export goods is Rs 49.40 per US Dollar & Rs 64.40 per EURO 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

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CBI raids den of corruption Nhava Sheva

AIT News Network

MUMBAI. CBEC Top Brass is in dock for posting Tapan Chakravarty as Assistant Commissioner of Customs in Nhava Sheva on promotion from Appraiser in Mumbai Customs against all norms of Transfers and Postings.

According to laid down norms an Officer cannot be posted on Promotion in the same Zone. When over 100 Officers of the rank of Assistant/Deputy Commissioners are cooling their heels in the Board Office and several Directorates for many years; it is all powerful Appraiser lobby which exercises its influence over the Members of CBEC in matters of transfer and posting and manages posting even on promotion to the rank of Assistant Commissioner to Mecca of Customs Officers i.e. Nhava Sheva. Tapan Chakravarty episode is only tip of the iceberg in the den of corruption Nhava Sheva which is the most sought after posting in Customs.

What led to CBI raids on Customs Officials is the complaint by a leading importer of tiles who was being squeezed by Customs Appraiser and the Assistant Commissioner for clearing his containers of tiles and was being asked to pay bribe for not levying Anti-dumping duty which is applicable only on import of vitrified tiles from China.

The importer first complained to the Intelligence Wing of Customs better known as CIU who reportedly recovered a cash of Rs.2 lakh only from the Appraiser but did not take any further action in the matter.

Aggrieved; the importer now complained to CBI which finally raided the Officials and recovered cash of Rs.17 lakhs from Antop Hill residence of the Assistant Commissioner of Customs Tapan Chakravarty who was head of Group III of Import handling import of sensitive items like tiles , yarns and fabrics.Further, Rs 14.80 lakh in cash and two kg of gold worth Rs 16.36 lakh was also recovered from his bank locker at the Dadar branch of Federal Bank.Had CBI raided the residences of all the Assistant Commissioners and Appraisers posted at Nhava Sheva; how much cash it would have recovered?

It is high time Members of CBEC wake up from their deep slumber and go for soul searching after this episode. Otherwise it is just the trailer and many more such episodes are in offing. First action which CBEC should take is to immediately transfer Commissioner and Additional Commissioners of Customs Nhava Sheva who were a mute spectator of such corruption. And if a Commissioner does not know (as would be claimed by him) what is happening in Nhava Sheva, he does not deserve to continue at the most sensitive place of Indian Customs.If CBEC does not act; even CBEC will be deemed as a mute spectator of ongoing affairs.

Transparency International has identified India as the Top rank holder in bribe giving. According to importers Nhava Sheva holds the Top rank in bribe taking.