Exchange Rate for imported goods is Rs 74.03 Per Pound Sterling and Rs 51.22 Per Yen-Exchange Rate for export is Rs 72.45 Per Pound Sterling and Rs 49.94 Per Yen-Customs Non-Tariff Notification No.128      Sensex slips further and closes at 8773   100 per cent EOUs allowed to export non-basmati rice-DGFT Notification No.59      Customs duty of 5 per cent imposed on import of Pig Iron, spiegeleisen, semi-finished products, flat products & long products    Import of Crude Soyabean Oil subjected to 20 per cent customs duty- no change in import duty on refined soyabean oil-Customs Tariff Notification No.122    Time-limit for filing refund of service tax extended to 6 months-Service Tax Notification No.32   Rahul Bajaj asks Industry to prepare for the worst     Tariff Value for import of Brass Scrap is 3525 and for poppy seeds 5206-Customs Non-Tariff Notification No. 127     CBEC clarifies the entire amount of duty paid by the manufacturer, as shown in the invoice would be available as credit irrespective of the fact that subsequent to clearance of the goods, the price is reduced by way of discount or otherwise-Central Excise Circular No.877      Mandavariya (Kishangarh), District Ajmer notified for Unloading of imported goods and loading of export goods-Customs Non-Tariff Notification No.117    SC Ruling-the entitlement of benefit in terms of Section 32AB, Section 80HH and Section 80I of the Income Tax Act- conversion of Jumbo rolls of photographic films into small flats and rolls in the desired sizes amounted to manufacture/production-AIT-2008-413-SC   SC Ruling-Whether any "gift" arose in terms of Section 2(xii) of the Gift-tax Act, 1958 on the allotment of rights issue by the appellant company to its shareholders vide Board's Resolution- Whether there was any element of "gift" as defined under Section 2(xii) in the appellant issuing Bonus shares in the ratio of 1:23-AIT-2008-412-SC    DEPB benefit allowed on export of cement and steel-DGFT PN 108   exports of cement in all types and forms and primary steel products eligible for export incentives under Focus Market Scheme-DGFT Notification No.58     Import of Marble Tiles-DGFT Notification No.57    Clarification on setting up Duty Free Shops approved by FIPB-Customs Circular No.19       HC Ruling-Income Tax-"reserves" arising out of the acquisition of the business of Tata Cellular Limited could never have the character of "income" in the hands of the petitioners-pre-requisite condition contained in proviso to section 147 to enable the re-assessment to be opened after period of 4 years have elapsed have not been met-AIT-2008-410-HC    HC Ruling-Central Excise- valuation of the goods for the purpose of excise duty and whether excise duty was chargeable under Section 4 or Section 4A of the Central Excise Act 1944-while construing rule 3, who are excluded are only the institutional or industrial consumers as explained in Rule 2A and the industrial or institutional consumers in terms of the proviso to rule 2(p) for the purpose of chapter-II are the same-If the person who purchase the prepacked commodity not directly from the manufacturer or packers, they are consumers and the declaration will be of no effect-AIT-2008-408-HC   Government considering imposition of import duty on steel      Bad News for Consulting Engineers- whether turnkey contract can be vivisected?- The conclusion in Daelim case on the point, prima facie, being not in accordance with law, matter goes to Larger Bench-AIT-2008-405-CESTAT  Larger Bench of CESTAT rules Credit is admissible on an input service relating to the business-AIT-2008-407-CESTAT   credit of the service tax paid on the outdoor catering (canteen) service is admissible as input service under Rule 2(l) of the Cenvat Credit Rules, 2004-AIT-2008-406-CESTAT   The payment for use of "services for MTNL/other companies via the interconnect/port/access/toll by the assessee would not fall within the purview of payments as provided for under section 194J of the Act, so as to be eligible for tax deduction at source-The interconnect charges/port access charges cannot be regarded as fees for technical services-AIT-2008-404-HC   Computation of Value under Section 14 for Levy of Export Duty - Customs Circular No. 18          Advance Ruling- Whether the service fee paid by the applicant to Intertek Testing Management Limited UK under Global Management Service Agreement is taxable as "Royalties & Fee for Technical Services" as per the provisions of Article 13 of DTAA between India & UK? Whether the applicant is required to deduct tax at source on the service fee paid to Intertek Testing Management Limited, UK, at the rate of 10% plus applicable surcharge and cess as per the provisions of section 115A(1)(b)(BB) of the Income-tax Act-AIT-2008-401-AAR   Larger Bench of SC Ruling-whether the revenue can be precluded from filing an appeal even though in respect of some other years involving identical dispute no appeal is filed -AIT-2008-403-SC     SC Ruling-whether transfer of Banking Undertaking gave rise to taxable capital gains under Section 45 of the 1961 Act-it was not possible to compute capital gains and, therefore, the said amount of Rs. 10.20 cr. was not taxable under Section 45 of Income Tax Act-AIT-2008-400-SC   Export duty of 8 per cent notified in place of earlier rate of Rs. 200 per tonne on export of iron ore fines-Customs Tariff Notification No.121    Pan Masala Packing Machines (Capacity Determination And Collection of Duty) Second Amendment Rules, 2008-Central Excise Non-Tariff Notification No.45   SC rules Ethylene and propylene manufactured by the assessee and used in its factory in the further manufacture of the same goods would be entitled to the benefit of exemption contained in notification no.217/86-AIT-2008-398-SC  New DEPB Rates on export of all products notified–DGFT PN 102  service tax paid under Section 66A is available as 'input credit' under Cenvat Credit Rules, 2004 provided the said services are used as input services by the manufacturer or producer of final products or a provider of output taxable service-Service Tax Trade Notice No.43/2008  Anti-dumping duty imposed on import of cable ties from China & Taiwan-Customs Tariff Notification No.118   Definitive Anti-dumping duty imposed on import of Phenol from Singapore, South Africa & European Union-Customs Tariff Notification No.114  High-tech products entitled to benefits under High-Tech Products Export Promotion Scheme –DGFT PN 101   
Services  |  Subscribe  |  Contact Us  |   Feedback   |  E-mail  |  News |  Home
JUDGMENTS
CENTRAL EXCISE
CUSTOMS
SERVICE TAX
INCOME TAX
VAT
FINANCE ACTS
FINANCE BILLS
EOU STPI
SEZ
DGFT
RBI
NTT
RESOURCES


    
Email | Print

CBN & UNODC hold Sub-Commission Session on Illicit Drug Traffic

AIT News Network

CBN (Central Bureau of Narcotics) on behalf of Government of India  hosted  the 42nd Session of the Sub-Commission on Illicit Drug Traffic and Related Matters in the Near and Middle East at Agra from 3rd to 7th December, 2007. The Central Bureau of Narcotics is the oldest specialized agency in the field of control over narcotic drugs and psychotropic substances. The Conference was organized jointly by the CBN and the United Nations Office on Drugs and Crime (UNODC), Vienna, Austria.   The objective of the Conference was to assess the drug scenario and to promote regional and sub-regional coordination against illicit drug traffic. The Sub-commission has 23 member countries besides observer countries from Europe, USA, Australia and relevant intergovernmental organizations like Interpol as well as United Nations bodies.

                The 42nd Session of the Sub-commission was inaugurated by the Shri K. Mohandas, Additional Secretary (Revenue),   Ministry of Finance New Delhi at Hotel Jay Pee Palace Agra, India.

                In his inaugural address he welcomed the delegates from the various member and observer countries and spoke about different global challenges being faced by the countries as a result of the drug trafficking and growing drug abuse. He indicated that although there could be differences in the approaches to curb the drug trafficking and abuse but the there is universal consensus on the need to prevent the drug abuse and trafficking.

                He also threw light on the global efforts to put in place some uniformity among the laws of different nations around the world in the form of the three International Conventions which provides member countries to establish a mechanism to regulate licit trade in narcotic drugs, psychotropic substances and identified sensitive precursor chemicals, and institutionalized mechanisms for cooperation between nations. Among the mechanisms so established is the Commission on Narcotic Drugs- one of the functional bodies of the Economic and Social Council of the United Nations. As the subsidiary body of the CND, this sub-Commission shoulders the onerous responsibility of enhancing international cooperation in the field of drug control. He highlighted the importance of the sub-commission being held on the verge of the 10 year review of the UNGASS goals by the CND assumes a special significance as the review of the UNGASS goals was one of the topics proposed for discussion during this sub-commission. He also outlined the global drug abuse scenario and affect of the problem on member nations of sub-commission and hoped that the topics proposed for discussions by the working group of the sub-commission would come out with some positive deliberation to resolve the issue. He hoped that during this sub-commission, deliberations will be on what has been achieved and how far in pursuance of the resolutions and the Action Plan of the United Nations General Assembly Special Session 1998. These deliberations will provide valuable inputs to the next session of the CND.

                In his address to the Session, Gary Lewis, Representative to Executive Director, UNODC, also outlined the issues related to global and regional drug trafficking scenario. He also stressed the need for strategy formulation by the governments to tackle the problem in an effective manner.

                Smt. Jagjit Pavadia, Narcotics Commissioner, Central Bureau of Narcotics India was elected as Chairperson to the Session while Mr. Fahed Bin Affas Al-Qtaibi of Saudi Arabi and Lt. Col. Ibrahim Issa Mubarak Alboanain of Qatar were elected as Vice-Chairman. Mr. Mehmet Guzel of Turkey was elected as Rapporteur to the meeting. During the five days, detailed deliberations on various aspects of drug related problems were discussed. Participants were invited to inform the Sub-commission of their respective countries’ efforts as regards regional and sub-regional cooperation in areas such as joint investigations, law enforcement training and sharing of information and experience in taking measures to counter drug trafficking. Participants are requested to indicate in particular any practical problems impeding regional and subregional cooperation and measures to overcome those problems.

Three working groups were drawn for discussions on the following subjects:

Current situation with respect to regional and subregional cooperation.

Cannabis cultivation and trafficking in the region of the Sub-commission;

Law enforcement strategies to mobilize community support for drug demand reduction;

Opiate trafficking, precursor control and the increased need for international cooperation.

                The working groups reviewed issues of regional importance and to facilitate informal discussions and frank exchanges of views on specific matters. The working groups presented their findings, conclusions and recommendations to the Subcommission for endorsement and inclusion in its report on the forty-second session. Each working group considered the following in the formulation of its recommendations:

(a)   Identification of specific operational and other problems facing drug law enforcement in the region;

(b)   Discussion of specific countermeasures to combat particular regional patterns of drug trafficking that could or should be implemented at the national, sub-regional or intraregional levels;

(c)   Enhancement of regional cooperation by identifying potential partners in specific problem areas of drug control;

(d)   Presentation of specific, relevant findings and recommendations to the Sub-commission.

                Besides the meeting also informed of the follow-up to the action plans adopted by the General Assembly at its twentieth special session to achieve the targets of eradication of illicit drug crops and and the outcome of the fiftieth session of the Commission on Narcotic Drugs.

                The representative from the countries also presented their country papers on these issues and apprise the meeting of the strategy and actions taken by their governments to tackle the problem and achieved the desired targets.

                Suggestions and views of the representative were incorporated in the report of the meeting which was adopted by the meeting for submission to the meeting of Commission on Narcotic Drugs to be held at Vienna for ratification. The representatives from UNODC thanked the Government of India for successful hosting and providing necessary assistance in organizing the conference.

 

  Copyright © 2006 allindiantaxes.com | All rights reserved
website designing India & CMS development: Softlogics & Developments