The Finance Bill has proposed changes in Tonnage Taxation ...

Computation of tonnage income ? Revised Scheme

Introduction

Under Chapter XII-G, a set of special provisions relating to taxation of income of shipping companies was introduced by the Finance Act 2005. The chapter provided for computation of income of a shipping company based on the daily tonnage carried on by the ship.

Existing Structure

As per the existing provisions, the daily tonnage income of a qualifying ship shall be calculated as under:-

Qualifying ship having net tonnage	Amount of daily tonnage income
up to 1,000	Rs. 46 for each 100 tons
exceeding 1,000 but not more than 10,000	Rs. 460 plus Rs. 35 for each 100 tons exceeding 1,000 tons
exceeding 10,000 but not more than 25,000	Rs. 3,610 plus Rs. 28 for each 100 tons exceeding 10,000 tons
exceeding 25,000	Rs. 7,810 plus Rs. 19 for each 100 tons exceeding 25,000 tons.

Proposed Amendment

The following amendment has been proposed for calculation of tonnage income of a qualifying ship:

Qualifying ship having net tonnage	Amount of daily tonnage income
up to 1,000	Rs. 70 for each 100 tons
exceeding 1,000 but not more than 10,000	Rs. 700 plus Rs. 53 for each 100 tons exceeding 1,000 tons
exceeding 10,000 but not more than 25,000	Rs. 5,470 plus Rs. 42 for each 100 tons exceeding 10,000 tons
exceeding 25,000	Rs. 11,770 plus Rs. 29 for each 100 tons exceeding 25,000 tons.

The proposed provisions would result in higher tax liability (on account of higher tonnage income) for the shipping companies.

For example, where the daily tonnage of a qualifying ship is approx. 15,000 tons, the tax as per the existing provisions would be Rs. 5,010.

While as per the proposed provisions, the tax liability on the same daily tonnage would increase to Rs. 7,570.

Source: http://www.taxmann.com/taxmannflashes/whatsnew.aspx?sid=9681&stype=1

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Weather Pattern Still In Holding Pattern

Clouds still hanging in tight along with breezy south winds that continue to channel humidity into North Texas.? The biggest impact has been to our morning temps as they run 15-20 degrees above normal.? The cloud cover and moisture in the air has meant the mercury climbs very little during the afternoon.? When we typically have about a 20 degree difference between the high and low, we are running closer to 10 degrees.? The difference yesterday was only 9 degrees.

We continue to carry small rain chances because the atmosphere is unstable.? However, the upper level impulses that continue to move over North Texas are weak at best and show little promise to produce rain other than 10-20 percent chances.? This pattern will continue through Sunday.

The large upper level storm system currently on the west coast is still forecast to move inland between now and the weekend.? As it does so, winds across North Texas will pick up as warm, moist air feeds into the storm system.? It is still set to develop rain Monday through early Wednesday.? The timing may initiate rain starting after midnight Sunday.? The morning commute on Monday, Tuesday and Wednesday next week could be eventful?especially Tuesday and Wednesday?with heavy rainfall and isolated severe storms.

Thursday-Sunday

Morning clouds, mostly cloudy afternoon.? Morning lows in the mid to upper 60s.? Highs in the upper 70s with south winds at 10-20 mph.? Spot showers or storms possible with chances only 10-20 percent.

Monday

Morning light showers, drizzle and fog with temps in the upper 60s.? Remaining cloudy through the day with scattered showers and storms especially west.? Highs in the upper 70s.? Rain chance 60 percent.

Tuesday

Periods of showers and storms from morning through the evening hours with locally heavy rainfall possible.? Some storms by afternoon and evening could become severe with wind damage being the main issue.? Steady temps between 65-70 degrees from morning low to afternoon high.

Wednesday

Morning showers and storms then becoming partly cloudy by mid to late afternoon.? Rain chance 50 percent.? Highs in the upper 60s.

Source: http://dfw.cbslocal.com/2012/03/15/weather-pattern-still-in-holding-pattern

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Caravans - The Perfect Family Holiday Experience-- Crafters ...

A holiday in a caravan allows you to visit some of the most beautiful places in the world without the need to spend too much for hotels for a place to stay. Aside from that, a few days of caravan experience can take you away from the strains and stresses of life as it provides a relaxing atmosphere to help you recharge your energy. The outstanding natural beauty of the country provides an attractive setting perfect for your getaway. Among people of all ages and all walks of life, creating a ?caravans? holiday experience is a popular choice to escape for a few days or weeks. Visitors to rural and country settings have been known to repeat the experience year after year, and in many cases they will bring the entire family along with them.

A vacation taken inside caravans can come with a variety of options and can offer you with the comforts of a real home such as satellite television, microwaves and electric showers. All these facilities are equipped on caravans, as well as the possibility of getting a sliding sunroof which can make it an even cozier home away from home. Taking holidays in caravans commonly allows tourists to stay at their preferred caravan site. So, if you are up for an excellent way to spend the holidays, take everyone in your family, including the children, to a country setting and let them enjoy family bonding at one of the many available scenic caravan sites.

There are many well-known brands and leading forces in the caravan market. When choosing a caravan or motorhome company, select one that has an excellent reputation for preparing quality motorhomes and touring caravans, and that are known for focusing on customer?s requirements before, during and after the purchase of the caravan.

Another feature to look for when choosing a caravan dealer is to find one that offers demos and newer models. That being said, it also beneficial to find a dealer that offers pre-owned caravans for people who want a more affordable option.

A good caravan dealer will takes pride in its experienced sales team and can provide you with guidance and unbiased advice to find a caravan or motorhome that will best suit your requirements and your budget, whether large or limited. The company should have different financing schemes that are flexible - including financing for new and used caravans and motorhomes that are 10 years old; choosing the amount of deposit to suit your budget; fixed interest rates as well as repayments of 1 to 10 years.

Be sure to select a motorhomes and caravans dealer that values every customer?s need and guarantees great caravan and motorhome deals to have that ultimate family bonding moment with every caravan holiday experience.

The next time you are planning to take a holiday, choose not to stay in the somehwat sterile environment of your standard hotel room. Choose to try a holiday experience using a caravans and you won?t regret it. Owning and traveling in a caravan allows you to take the personal comforts of home with you as you experience the country.

Hurry up to be more informed about holiday caravans for sale and caravan parks in wales.

Source: http://craftersanonymous.net/blog/2012/03/14/caravans-the-perfect-family-holiday-experience/

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A business team building firm works together the Human resources office. Your Hours specialists along with the team building business collectively variety a technique that can work with the group with question. An expert team building events company can help you along with determining those activities as well as team building games that assist the c's develop into the better crew. If you are searching for this type of team building firm that appears into the issues associated with team building, team-building activities organizing, team building games and team development activities you will get aid from Team Designer Workers. Were a team development firm, giving the assist in complete services occasion planning for team building events occasions. When you turn to obtain the team building companies via us all, you can even get team development online games local rental. We have a variety of team building events video games developed. Consider this

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Pentax K-01 and Optio WG-2 cameras now available

Pentax has been teasing us with its trio of cameras for what seems like an eternity. It's been long enough that we've actually had playtime with the new mirrorless flagship, the K-01. That chunky retro body will turn some heads in the street, so any fashionistas can now pick it up. It'll be winging its way to stores at the same time as its extreme-living WG-2 and WG-2 GPS, which are perfect for recording your Bear Grylls routine. The former will set you back $750 for the body, or $900 with a 40mm kit lens, whilst the Optio WG-2 is $350 or $400 if you want one with built-in GPS.

Continue reading Pentax K-01 and Optio WG-2 cameras now available

Pentax K-01 and Optio WG-2 cameras now available originally appeared on Engadget on Tue, 13 Mar 2012 02:42:00 EDT. Please see our terms for use of feeds.

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Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/pfdVBeerntg/

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India licenses generic copy of patented Bayer drug

NEW DELHI (AP) ? India effectively ended Bayer's monopoly on a patented cancer drug Monday, licensing a much cheaper generic under a unique law aimed at keeping costs affordable.

In a decision likely to upset Western pharmaceuticals, the patent office approved Natco Pharma Ltd.'s application to produce the kidney and liver cancer treatment sorefinib.

Bayer Corp. ? a subsidiary of the German pharma giant in Pittsburgh, Pennsylvania ? markets sorefinib as Nexavar for about $5,600 a month in India under a 2008-2020 patent, making it "not available to the public at a reasonably affordable price," the patent office ruled.

"A right cannot be absolute," it said. The office can force companies to grant licenses to generics in cases of public emergency or where they can show patented products are priced out of reach.

Natco said its version would cost Indian patients $175 a month.

It was the first case of compulsory licensing under India's unique patent laws passed in 2005. Under the license Natco must pay 6 percent in royalties to Bayer.

Western pharmaceutical companies have been pushing for stronger patent protections and rules to clamp down on a $26 billion Indian generics industry they say is overstepping intellectual property rights. Aid groups counter that Indian generics are a lifesaving resource for patients in poor countries who cannot afford Western prices to treat diseases like cancer, malaria and HIV.

"We are disappointed about this decision," Bayer spokeswoman Sabina Cusimano said from Berlin, adding that the company was considering a legal challenge. "We will see if we can further defend our intellectual property rights in India."

Natco's general manager said the drug was needed by about 8,800 cancer patients in India today.

"This is a victory for Indian patients and for India's generic manufacturers, which are under attack," Madineedi Adinarayana said by telephone from the company's offices in Hyderabad.

Bayer's patent "was not working as a patent in India," he said, and predicted "many more such cases will follow."

A patent must be at least 3 years old before a generics company can apply for a compulsory license. Still, many Indian companies have been reluctant to push for compulsory licenses where they might jeopardize agreements to manufacture other drugs for wealthy Western drug companies.

Analysts and patient advocacy groups said the ruling could have wider implications for the pharmaceutical business worldwide.

"This is a rare instance where a general compulsory license has been issued, not bound by government use provisions or those requiring to show 'extreme urgency' or 'emergency," said Dr. Amit Sengupta of the People's Health Movement. The license given to Natco "without encumberances means a possible opening of opportunities for using compulsory licenses to promote competition."

Lawyer Anand Grover for the Cancer Patients Aid Association, who was not involved in arguing the Nexavar case, said the ruling should force foreign drug companies to be mindful of Indian market realities. "It would be interesting to see whether multinationals will change their practices" in developing countries, he said.

India's generics industry has been a focus in recent months with several Western pharmaceutical giants saying the 2005 Patent Act fails to guarantee investors' rights.

Swiss drug maker Novartis AG is now in the final stages of a Supreme Court case to overturn India's patent rejection on another cancer drug, Gleevec. That case revolves around a different legal provision allowing India to block "evergreening" ? or patents and extensions based on minor changes to existing treatments.

Lawyers, generic drug makers and aid groups like Medecins Sans Frontieres and Oxfam have also warned that ongoing free-trade talks between India and the European Union are threatening India's generics production with discussions about tightening intellectual property protections and making it easier for pharma giants to sue India's government, drug manufacturers and distributors. They say the EU's suggesting a clause to ensure nothing limits India's ability to produce and export lifesaving medicines is not enough of a guarantee.

___

Follow Katy Daigle on Twitter at http://twitter.com/katydaigle

Source: http://news.yahoo.com/india-licenses-generic-copy-patented-bayer-drug-115409134.html

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Adore your own pet dogs? Then you'll love Cosequin Branches for ...

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