News Update

Economy Needs Synergetic Inputs to fix twin Deficits of Inflation & Rupee fall43 injured in fire at Durga Puja pandals on UPAgriculture Income & ITR 7OPEC+ debate cutting production by 1 million barrels per day; Crude price up by 3%I-T - 6 months' limitation for deciding refund claims is to be followed strictly: HCBrazil’s Presidential elections: Neither candidates get 50% votes; Bolsonaro to face Lula in second round of pollI-T- Customs duty paid for yacht can be allowed as it is not used by assessee for its own personal use and has operated yacht for benefit and use of entities paying operating fee : ITATLanka reduces tax rate on sanitary napkins amid fiscal crisisI-T - No addition on account of bogus sundry creditors can be made, if AO fails to substantiate non-availability of vendors: ITATXiaomi expresses despair over attachment of Rs 5500 Cr assets in IndiaST - No service tax is payable on amount collected towards liquidated damages: CESTATTruss says her Chancellor decided himself to reduce UK’s rate for top tax bracketCX - There is no reason to deny refund when assessee has availed drawback of only the customs duty portion and not of excise duty: CESTATSexual assault case against founder of JD.com, China’s one of biggest e-commerce giants, settled in USCX - After 1.4.2011, appellant cannot avail credit on outdoor catering services, thus credit availed for period 1.4.2011 to 30.4.2011 which is part of SCN is not eligible for credit: CESTATIsrael, Lebanon about to hammer out deal on maritime tangled borderCus - First Appellate Authority was correct in allowing appeal thereby ordering provisional release of goods in question and since there is no change in facts, same is followed in case on hand as well: CESTATBurkina Faso’s junta leader agrees to dethrone himselfUkraine war - France’s spirited support being questioned; 2% arms support found lowest in EUDeath toll from Hurricane Ian mounts beyond 80 thus far in Florida & Carolina put togetherMexico braces up for Hurricane OrleneSP’s supremo Mulayam Singh Yadav is in ICU at Gurugram MedantaGovt reduces export duty on petro goods; makes Special Additional Excise Duty NIL for ATF; Rs 3.5 per litre on diesel & Rs 8000 per tonne for petrol125 die in Indonesian stampede after fans invade football ground and police hurl teargas; 180 injuredAnti-hijab fire spreads across Iran; Rallies organised throughout countryKing Charles III not to attend COP27 in Egypt on advice of Truss GovtUS, Venezuela swap prisoners - 7 Americans for 2 relatives of President MaduroUS, Japan & Australian Defence Ministers vow to work against Chinese military ambitionsWIPO’s Global Innovation Index - India walks up to 40th rankFM says IBC law cannot be allowed to lose its teeth and object
 
Injury- A fiction on Anti-Dumping by Ashok Bhasin


Injury - a fiction!Injury - the latest book written by a Domain Expert in Indirect Taxes Mr Ashok Bhasin is a fiction on Anti-Dumping duty .Published by Har Anand Publications Pvt Ltd,New Delhi; the book is reasonably priced at Rs.295.

The imaginative mind of the author has created an interesting fiction which looks like a real story revolving around the smuggler, DRI and the Advocates.

The book is full of so much suspense that once you start it ; you cannot leave it till you finish it.

The book will be an enlightening reading for the investigating agencies, Advocates, taxman and taxpayer and even for a layman.

In December 2002, the Indian government imposed anti-dumping duty on CFLs imported from China or Hongkong. Three persons plotted the import of CFLs from Hongkong through Indonesia, in order to avoid the anti-dumping duty. They succeeded and saved forty-two crore of rupees.

DRI, the premier intelligence agency got suspicious. They collected intelligence and started getting closer to catching the culprits. The two out of three culprits were arrested, the third being in Hongkong was out of reach. The case came in the hands of two lawyers who defended the accused. One of them, N. Anand was an authority on anti-dumping and the other, Raju George was a beginner. They played their cards well and got the persons bailed out.

Reddy, the senior intelligence officer was not convinced. He was not satisfied with the profit sharing of the huge money involved. He had a faint idea that some influential person was there behind the whole operation. Gradually he came to know that the professional charges on behalf of one of the accused were being paid by someone else and not by the accused. Who? Who was the person, who had actually, monitored and executed the plan. Ultimately, Reddy tracks him down

About the Author:

Born in 1955 and a graduate from Hindu College, Delhi University, Ashok Bhasin joined Customs and Central Excise Department in 1976. During his service tenure, he pursued his studies further and did his M A in Philosophy and LLB from Delhi University. He left the department in 1996 and started practising as an advocate, getting himself enrolled under Bar Council of Delhi. He is a member of Delhi High Court and Supreme Court Bar Associations.

He is the recipient of President of India award in recognition of his extraordinary commitment to work and distinguished services. He is the author of three books in the field of Customs and Central Excise, which have been highly acclaimed.

POST YOUR COMMENTS