"14 March 2012" Archive

Customs : Regarding ‘Handling of Cargo in Customs Areas Regulations, 2009’

F. No.450/24/2012-Cus.IV (14/02/2012)

It has been reported that in a large number of cases, containers detained by Directorate of Revenue Intelligence (DRI), Special Intelligence & Investigation Branch (SIIB) or Preventive formations are not being released after elapse of considerable time. This has caused undue hardship to shipping companies by paying exorbitant demurrage ch...

Read More

Offence out of a failure comply with statutory rule and liability will continue until requirement is complied

Jiyuan Li Vs Registrar Of Companies (Delhi High Court)

Jiyuan Li Vs Registrar Of Companies (Delhi HC) Continuing offence is one which is susceptible of continuance and is distinguishable from the one which is committed once and for all. It is one of those offences which arises out of a failure to obey or comply with a rule or its requirement and which involves a penalty, the liability for whi...

Read More

Railway Budget 2012-13 – List of New Trains

RAILWAY BUDGET 2012-13- List of new Express Trains, Passenger Trains, MEMU, DEMU, Extension of run and increase in frequency of trains announced in Railway Budget 2012-13....

Read More
Posted Under: Custom Duty |

Reward for tax info should be reduced on the ground that amount of penalty cannot be determined

Amrit Lal Mehta Vs Director General Of Revenue Intelligence & Others (Delhi High Court)

In the first three minutes, reward has been awarded @ 19.4% that is nearly the maximum possible rate. The said reward was on the principal amount of customs duty of Rs.1.21 crores and, therefore, the Reward Committee was competent to award a lower amount/percentage on the penalty and fine amount but this is not the reason and ground given...

Read More

Computation of limitation period begins from the date of expiry of the compliance period as provided by order u/s.234(3A)

Khulood Imp ex Private Limited & Ors. VS The Registrar Of Companies (Delhi High Court)

A bare perusal of section 469 CrPC makes it amply clear that the period of limitation commences from the day the offence comes to the knowledge of the complainant. In the present case the “offence” of non-compliance with the order came to the knowledge of Respondent/ Complainant when the petitioners defaulted in furnishing the details...

Read More

Railway Budget 2012 – 75 New Local Trains for Mumbai

137 Additional Sub-Urban Services for Mumbai,Chennai & Kolkata -Minister for Railways Shri Dinesh Trivedi said with a view to further enhancing the carrying capacity of suburban services additional services are being introduced in Mumbai, Chennai and Kolkata. These include 75 new services in Mumbai, 18 in Chennai and 44 in Kolkata area. ...

Read More
Posted Under: Custom Duty |

S. 11B Burden to prove that Excise duty incidence not transferred to customer is on person claiming refund

Munch Food Products Limited Vs Commissioner (Delhi High Court)

Munch Food Products Limited Vs Commissioner (Delhi HC) In the grounds of appeal, the petitioner had pleaded and submitted that the observations of the Assistant Commissioner to the effect that the value shown in the invoices issued along with the gate passes was sum total of asses sable value of the item and the duty […]...

Read More

Railway Budget 2012-13 – New Passenger Amenities

The allocation under passenger amenities in this year’s Railway Budget has been raised to Rs. 1102 crore. The allocation under this head in 2011-12 was Rs. 762 crore. Some of the important passenger and other user friendly measures introduced or being proposed during 2012-13 are:...

Read More
Posted Under: Custom Duty |

Railway Budget 2012-13 – Increase in Fare of All Class Travel

Proposed Increase not Enough to Cover Impact of Fuel Price Rise in 8 Years Railway Minister Shri Dinesh Trivedi has announced minor increase in fares so as to cause minimal impact on the common man and to keep the burden within tolerance limits in general. He has proposed only 2 paise per km extra for […]...

Read More
Posted Under: Custom Duty |

Railway Budget 2012-13 at a Glance – Download Budget Speech

75 New Express Trains, 21 new Passenger Services, 9 DEMU and 8 MEMU services. 137 Services New Sub-Urban Services to Come up in Mumbai, Chennai & Kolkata . 725 km New Lines to be Introduced ...

Read More
Posted Under: Custom Duty |