An appeal is a substantive right. The assessee should have a full opportunity to put forth his case and should be able to get relief, if any, in accordance with. It is difficult to sustain the assessee’s negligence. However, the assessee cannot also be let scot free. Now, he has preferred this appeal and the learned advocate for the Department has to appear and contest the matter. Hence, we deem it proper to impose costs of Rs. 5,000/- on the assessee.
DEPB benefit on export of ‘Cotton’ was withdrawn vide Public Notice No. 45 (RE 2010)/2009-14 dated the 31st March, 2011. Exports made on or after 01.10.2010 will now be entitled for DEPB benefit under DEPB entry Sl. No. 22D of the Product Group ‘Miscellaneous’.
DEPB benefit on export of ‘Cotton yarn including Melange yarn’ was withdrawn vide Public Notice No. 57/2009-14 dated the 21st April, 2010. Exports made on or after 01.04.2011 will now be entitled for DEPB benefit under DEPB entry sr. No. 78 of the Product Group Textiles.
In exercise of the powers conferred under Paragraph 2.4 of the Foreign Trade Policy, 2009-14 (FTP) and Paragraph 1.1 of the Handbook of Procedures (Vol. I), 2009-14 (HBPv1), the Director General of Foreign Trade hereby makes the following amendment at List of Items covered under the Tariff Rate Quota Scheme under Para 2.59 of Handbook of Procedures Vol-1, 2009-14.
Existing policy conditions (prior to this amendment) as available at page 474-475, for the Exim Codes 6802 10 00, 6802 21 10, 6802 21 20, 6802 21 90, 6802 91 00 and 6802 92 00 of Chapter 68 of ITC(HS) Classifications of Export and Import Items are extracted below (earlier policy conditions).
With a view to strengthening the consultative process in monetary policy, the Reserve Bank of India had constituted a Technical Advisory Committee on Monetary Policy in June, 2009. The tenure of the Committee was up to June 30, 2011. However, it was decided to continue with the Committee up to the First Quarter Review of July 2011.
Notification No. 64 (RE-2010)/2009-2014 Import policy of rough marble blocks for the year 2011-12 has increased the import quota from 3 lakh MT to 5 lakh MT with an MIP of US$ 325 per MT.
Exporters intending to export cotton [ITC (HS) Codes 5201 and 5203] will apply to the Regional Authority (RA) for grant of Registration Certificate (RC) subject to the following conditions – (i) The applicant should not be a defaulter / must not be in the Denied Entities List (DEL). (ii) An applicant shall submit a performance guarantee in the form of a Bank Guarantee (in the format given in Annexure 2) for 2.5% of the value equivalent of the quantity for which RC is being applied, or for Rs 1 lakh, whichever is more. Notification No. 63 (RE-2010)/2009-2014,
Representations have been received seeking a clarification on the applicability of condition of shelf life of 60% stipulated under Para 13 of Chapter 1A (General notes regarding Import Policy) of ITC(HS) in case of re-import of edible/food products like frozen meat, frozen mango slices and pulp etc. under the para 2.38 of Foreign Trade Policy. It has been stated in the representations that sometimes edible/food products exported abroad are re-imported for relabeling/repack/rework and re-exported subsequently. Since the condition of shelf life of 60% pertains to goods imported into the country, it has been requested to clarify whether the said condition is applicable for such goods.
The Central Bureau of Investigation has today arrested General Manager, BCCL, Dhandbad, Jharkand while abetting and offering bribe of Rs. 5 lakh (five lakh) to an officer of the CBI for getting favours in the matter of on-going joint surprise check conducted jointly by CBI and Vigilance Department of BCCL, Dhanbad in Regional Open Cast Project (ROCP) of Kustore area, BCCL, Dhanbad on the allegation of mixing of soil and stone in the coal stock of ROCP, Kustore Area, BCCL, Dhanbad to cover up the shortage.
