CBI books Excise Commissioner for demanding 60 Lakh bribe

CBI raids 15 MLAs in Jharkhand for taking bribe in Rajya Sabha elections Rajya Sabha passes Finance Bill 2012 Petrol & Diesel prices to be hiked FM says Government to take hard measures after Rupee hits all time low of 54.52 against US Dollar Yeddy applies for bail after CBI raids on his residence Income Tax Officer SK Saini sentenced to 3 years RI + fine of Rs 35 Lakh by CBI Court in Bhopal IRS Officer Brahmananda Reddy arrested by CBI Founder of Matrix Laboratories Nimmagadda Prasad also arrested by CBI Tariff Value for import of Brass scrap is 4362 & for poppy seeds 3680-for gold 507 per 10 gram & for silver 920 per kg-Customs Non-Tariff Notification No.42 Customs duty exempted on import of 191 Products from Singapore-Customs Tariff Notification No.33 Import of 485 Products from Singapore exempted from Customs duty-Customs Tariff Notification No.34 Import of 496 Products from Singapore exempted from 50 per cent of applied rate of duty-Customs Tariff Notification No.35 Saurabh Chandra gets additional charge of Commerce Secretary ITAT Member N Vasudevan transferred from Mumbai to Bangalore-J Sudhakar Reddy moves from Mumbai to Delhi-IP Bansal from Delhi to Mumbai-IC Sudhir from Pune to Delhi CVD on imported electronics lowered due to higher rates of abatement from RSP notified-Abatement from MRP for excise payment on all electronic products prescribed at uniform rate of 35 per cent-Abatement revised for several products-Central Excise Non-Tariff Notification No.26 Suppliers to Mega Power Projects face silly excise demands-Click on the link below for full details Excise demand of Rs 32 Crore confirmed against Exide for not paying excise on MRP basis on lead acid storage battery RBI says Exporters required to convert 50 per cent of their foreign exchange holdings into Rupee within 15 days-Exporters will be allowed to buy foreign currency only after utilizing all their foreign currency holdings Articles of jewellery exempted from excise duty-Specified Railway Goods manufactured by Government exempted from excise -Central Excise Tariff Notification No.23 Excise on specified Petroleum Oils lowered Eye makeup preparations exempted from excise The excise exemption hitherto admissible on all Hawai Chappals will now be admissible to only Hawai Chappals of RSP up to Rs 500-Polyester staple fibre or polyester filament yarn, manufactured from plastic scrap or plastic waste including waste polyethylene terephthalate bottles exempted from excise-Excise on Motor chassis for vehicles lowered to 14 per cent excise-Excise on LED Lights of Chapter 85 lowered to 6 per cent-Inks for ball point pens exempted from excise-Central Excise Tariff Notification No.24-Parts of Footwear and hawai chappals of RSP not exceeding Rs. 500 per pair exempted from excise if consumed in factory-Central Excise Tariff Notification No.25-Excise exemption to goods required for initial setting up of solar power generation project or facility-Central Excise Tariff Notification No.26 CENVAT Credit (Fifth Amendment) Rules, 2012-No reversal of credit required for supplies made for setting up of solar power generation projects or facilities-Central Excise Non-Tariff Notification No.25 exemption from wholeof the additional duty leviable shall not apply to Hand held Metal/Mine/Bomb detectors etc.-Customs Tariff Notification No.30 Import of specified goods allowed at concessional rate of duty-Customs Notification No.31 Lok Sabha passes Finance Bill 2012 FM defers the applicability of GAAR provisions by one year- GAAR provisions will now apply to income of Financial Year 2013-14 and subsequent years-The retrospective clarificatory amendments now under consideration of Parliament will not be used to reopen any cases where assessment orders have already been finalized-long term capital gain arising from sale of unlisted securities in case of non-resident investors, including PE investors lowered to 10 per cent-FM extends benefit of tax exemption on long term capital gains to sale of unlisted securities in IPO-lower rate of withholding tax of 5% for funding all businesses-FM withdraws the provision for levy of TDS on transfer of immovable property-FM raises the threshold limit for TCS on cash purchases of jewellery to Rs.5 lakh-only serious offences under the customs law involving prohibited goods or duty evasion exceeding Rs.50 lakh, shall be cognizable- all these offences shall be bailable-changes in the definition of “service” which will exclude the activities specified in the Constitution as “deemed sale of goods”-The definition of “works contract” also enlarged to include movable properties- Exemption for specified services relating to agriculture in the Negative List extended to agricultural produce enlarging the scope of the entry Anti-dumping duty on imports of Partially Oriented Yarn, originating in, or exported from China-Customs Notification No.22 Customs duty on import of 806 Products from Japan lowered Anti-dumping duty imposed on import of Phosphoric Acid of all grades and all concentrations (excluding Agriculture/FertilizerGrade) , falling under tariff item 28092010, originating in, or exported from,Israel and Taiwan-Customs Tariff Notification No.19 Customs duty on import of composite fertiliser lowered to 1 per cent-Customs Tariff Notification No. 24

JUDGMENTS

CENTRAL EXCISE

CUSTOMS

exchange rate

SERVICE TAX

INCOME TAX

VAT

FINANCE ACTS

FINANCE BILLS

EOU STPI

SEZ

DGFT

RBI

NTT

RESOURCES

Email | Print

CBI books Excise Commissioner for demanding 60 Lakh bribe

AIT News Network.

NEW DELHI. 2nd January 2011. CBI has registered a case against Dr Anoop Srivastava Commissioner of Central Excise, Delhi-I, for allegedly demanding bribe of Rs 60 lakh from Mobile Importers Dilip Aggarwal & Anand Aggarwal. Tout & Middleman Hemant Gandhi and Blue-eyed Boy of Doctor; Lallan Ojha(Superintendent of Central Excise Anti-Evasion Branch) have also been booked by CBI.Gandhi & Lallan were arrested by CBI. The bribe of Rs 2 Crore was initially demanded for hushing up the matter but the deal was ultimately cut to Rs 60 Lakh.

According to CBI sources a fake raid was conducted by Excise Officers on the premises of the importers in December, even though the Importers have nothing to do with excise, as excise duty applies only to manufacturers. No search warrant was issued for raid and no file was opened. Fake Raid was conducted by Team headed by Lallan on instructions of Doctor. It is learnt that it was claimed by the Officers that the activity of packing/re-packing of mobile phones amounts to manufacture under excise law and the importers were liable to pay excise duty.

After booking of the case by CBI; Doctor is said to have suffered a heart attack and got admitted in Escorts Hospital for Angioplasty.CBI is yet to record the statement of Doctor who may also be arrested after his discharge from Hospital.

Earlier CVC had also recommended transfer of Doctor from Delhi Central Excise after it found substance in allegation of corruption in a complaint; but Doctor managed to continue in key posting through his connections in CBEC.

Many more skeletons are shortly going to fall out of cupboard as many Senior Officers with dubious reputation have cornered key positions in Customs & Excise Department. A powerful lobby of IRS Officers has been ruling the Department and many honest officers have been side-tracked. CBEC needs to wake up from its deep slumber and all IRS Officers of dubious reputation who have managed successive field postings need to be urgently moved to non-sensitive postings to avoid further explosions and undue harassment of trade.

CBI also recovered cash of Rs 3 lakh from Car of an accused. A self cheque of Rs 20 Lakh was also recovered by CBI during search on the premises of Middleman.

New Year Party of IRS Officers from Zone which was scheduled in CR Building was also spoiled due to CBI raid.

Low Profile Officer John Joseph has taken over the charge of Commissioner Central Excise Delhi-I.