Leaf No : 33
Month : December
Year : 2012
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 Chief Justice of the Madras High Court M Y Eqbal, Chief Justice of the Karnataka High Court Vikramajit Sen and Justice of the Orissa High Court V Gopala Gowda appointed as Supreme Court judges.

 Supreme Court upholds election of Mr. Pranab Mukherjee as the President of India.

 Rajya Sabha passess bill for quota for promotion of SC/STs in Government jobs.

 Federation of Indian Export Organisations (FIEO) has urged the government to implement Electronic Data Interchange (EDI) connectivity among all agencies so as to reduce transaction cost.

 Justice Ajit Bharihoke relinquished his office as President of CESTAT. 

 Discharged CESTAT Member Shri. P.K. Das reinstated by the Supreme Court.

 Ms. Naina Lal Kidwai, Country Head of HSBC India, is the first woman President of FICCI.

 Plastic currency of Rs.10 to be introduced.


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 THE DGFT has authorised Centre for Development of Stones (CDOS), Jaipur and All India Chamber of Commerce & Industries, Tuticorin to issue Certificate of Origin - Non Preferential...Click here for copy of the Public Notice.

 DGFT notifies 6 new Pre Shipment Inspection Agencies (PSIA)...Click here for copy of the Public Notice.

 DGFT has requested all the Regional Officers to re-fix the annual average export obligation for EPCG Authorizations for the year 2011-12 based on the list given by DGFT showing the percentage decline in exports during 2011-12 as compared to 2010-11...Click here for copy of the Policy Circular. 

 DGFT has made certain changes in SION...Click here for copy of the Public Notice.

 DGFT has amended Para 3.11.8 (c) of the Handbook of Procedures (HOP) Vol. I (RE 2012)/ 2009-14...Click here for copy of the Public Notice.


 Circular regarding functional control of Special Valuation Branch...Click here for copy of the Circular.

 Revised guidelines on Authorised Economic Operator Programme issued…Click here for copy of the Guidelines.

 Cochin Commissionerate has issued trade notice regarding documentary and procedural requirements for obtaining SAD refund...Click here for copy of the Trade Notice.

circulars notifications

 Exemption to specified insurance schemes...Click here for copy of the Notification.

 ST-1 form amended to include the new accounting codes...Click here for copy of the Notification. 

 New Exchange rate notification for import and export notified...Click here for copy of the Notification.

 CBEC has notified ICD, Katargam, Chauryasi (Surat) in Gujarat for unloading of imported goods and the loading of export goods...Click here for copy of the Notification.

 Amendment to Notification 10/2008-Cus...Click here for copy of the Notification.

 Amendment to Notification No.12/2012-Cus regarding effecting rate of goods falling under CTH 27...Click here for copy of the Notification.

 Amendment to Notification No. 36/2001-Cus (NT)...Click here for copy of the Notification.

 Exemption to reimport of goods for repair and reconditioning extended to Bhutan…Click here for copy of the Notification.

vat spot

 Concessional rate of entry tax for raw materials does not depend on condition that final products should be sold only with in the State of manufacture...Bhusan Power and Steel Ltd vs. State of Orissa - 2012 56 VST 50 (Orissa).

 Consumables as fuel used to generate electricity to run captive power plant is eligible for input credit under Orissa Value Added Tax Act, 2004…National Aluminium Co.Ltd vs. Dy CCT - 2012 56 VST 68 (Orissa).

 Luxury tax on ‘hospitals providing luxury’ has been held to be constitutional…Ayurveda Hospital Mgamt Association vs State - 2012 56 VST 327 Ker.

 Facility to registered dealers to obtain Form ‘C’ and ‘F’ online from www.tnvat.gov.in.


 Delhi High Court quashes Rule 5(1) of the Service Tax (Determination of Value) Rules, 2006...Intercontinental Consultants and Technocrats Pvt. Ltd vs Union of India & Amnr - 2012-TIOL-966-HC-DEL-ST.

 Order passed by the Commissioner, while the application was pending before Settlement Commission, is non estM/s. Truwood Private Ltd vs CCE - 2012-TIOL-1050-HC-AP-CX.

 Cost of pre- delivery inspection and free after sale service charges not to form part of assessable value...Tata Motors Ltd vs. Union of India - 2012 286 ELT 161 Bom.

 Madras HC comes down on the practice of appropriation of rebates against confirmed demands which are in appeal...Arunachala Gownder Textile Mills Ltd vs CCE - 2012-TIOL-958-HC-MAD-ST.

 Central Excise Officer is not obliged to communicate the facility of payment of 25% penalty to the assessee...CCE vs. Castrol India Ltd - 2012 286 ELT 194 Bom.

 The correctness of service tax paid by the service provider, cannot be questioned at the end where Cenvat credit is taken…CCE vs Spendex Industries Ltd - 2012-TIOL-1756-CESTAT-MUM.

 A commission agent negotiates the sale with purchaser but a broker merely brings vendor and vendee together and settles the price…M/s. Interocean shipping Company vs CST - 2012-TIOL-1824-CESTAT-DEL.

 Software embedded to hardware to be treated as part of hardware and not as stand alone software...Bharti Airtel Ltd vs Commr.of Customs - 2012 286 ELT 270 (Tri-Bang).

 Cenvat credit of ST paid on outward transportation post 1st April 2008 is eligible, if the seller is bound to deliver the goods at buyers place. Reliance placed on Master Circular...Pooja Forge Lab vs CCE - 2012-TIOL-1758-CESTAT-DEL.

 Money transfer from abroad has been held to qualify for export of service…Paul Merchants vs CCE - 2012-TIOL-1877-CESTAT-DEL.

 Assesse is eligible for CENVAT credit on professional fees paid for conducting audit of the project…Sujal Dye Chem Industries vs CCE - 2012-TIOL-1873-CESTAT-AHM.

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