Page 292 - ELT_15th June 2020_VOL 372_Part 6th

938 EXCISE LAW TIMES [ Vol. 372
Factory Act, 1948 - See under POWER ........................ 281
Factory closure - Cash refund of unutilized credit not admissible - See under
REFUND/REFUND CLAIM ............................ 452
Fatty acid arising during manufacture of refined vegetable oil, exemption
admissible, it being waste - See under WASTE .................. 142
Fee for supply VSAT equipment, taxability thereof - See under VSAT
(VERY SMALL APERTURE TERMINAL) FEE .................. 408
FEMA (REALISATION, REPATRIATION AND SURRENDER OF
FOREIGN EXCHANGE) REGULATIONS, 2000 :
— Regulation 6(1) - Period specified for surrender of foreign exchange if it
was not used take delivery of imported goods - HELD : It does not mean
that contravention ceased to exist beyond specified period - After expiry
of specified period, contravention is deemed until rectified — Suborno Bose
v. Enforcement Directorate (S.C.) .............................. 3
FERA - Confiscation and penalty on seizure of Indian currency not
sustainable due to lack of evidence - See under PENALTY ........... 701
FINANCE ACT, 1994 :
— Section 65(105)(zzzzj) - See under VSAT (VERY SMALL APERTURE
TERMINAL) FEE .................................. 408
— Section 73 - See under DEMAND ......................... 408
— Section 83 - See under APPEAL TO HIGH COURT ............... 553
Finance Act, 2001 - See under POWER ..........................
FINANCE BILL, 2010 :
— Clause 60 - See under WRIT ORDER ........................ 60
First Information Report (FIR) filed by Police quashed as proceedings on
smuggling of liquor in bonded warehouse already undertaken by
Customs - See under POLICE AND VIOLATION OF CUSTOMS ACT,
1962 ......................................... 314
Fiscal statute if beneficial has to be liberally construed - See under
INTERPRETATION OF STATUTES ........................ 625
Food supplements containing beef being prohibited for import liable to
absolute confiscation - See under CONFISCATION ............... 109
— valuation thereof on import - See under VALUATION (CUSTOMS) ...... 109
Foreign currency - Scope of redemption on confiscation - See under
REDEMPTION FINE ................................ 249
Foreign exchange procured for completing import procedure not utilized,
Managing Director of Company liable for contravention - See under
FOREIGN EXCHANGE MANAGEMENT ACT, 1999 ............... 3
FOREIGN EXCHANGE MANAGEMENT ACT, 1999 :
— See also under CONFISCATION AND PENALTY ................ 750
— See also under REDEMPTION FINE ........................ 249
— Section 16(6) - Foreign exchange procured for import of goods - However,
Bill of Entry not submitted, goods kept in bonded warehouse and no
steps to clear same - HELD : Section 10(6) ibid was attracted - It was case
of non-utilisation of foreign exchange procured for completing import
procedure - Steps should have been taken to surrender foreign exchange
within time specified in Regulation 6 of Foreign Exchange Management
(Realisation, Repatriation and Surrender of Foreign Exchange)
Regulations, 2000 — Suborno Bose v. Enforcement Directorate (S.C.) ............ 3
EXCISE LAW TIMES  15th June 2020  292