News Update

66 charred to death at Turkish ski resortGita Gopinath at WEF says 26% of Indian workforce exposed to AICX - Prices under MoU for inter-supply of petroleum products, designed to ensure nationwide distribution, do not constitute 'transaction value' and are exempt from excise duty due to their non-commercial nature: SCNational Conference of DMs on PM JANMAN to be held on 21st JanCus - Import of Wireless Access Points which operate on MIMO technology, are exempt from Customs duty: HCCus - Imported Wireless Access Points, which only use Multiple Input/Multiple Output technology, are entitled to BCD exemption as per Notification No. 24/2005-Cus as amended: HCEU delegation to visit India to improve trade ties: UrsulaNDPS - Procedural irregularity in applying provisions of Sections 50 & 52A lack merit, where the same does not invalidate evidence against accused: HCMahakumbh projected to contribute Rs 2 lakh crore to Indian EconomyNDPS - Heroin seized from claimant is in commercial quantity; applicant gives no reasonable grounds to assure that offence will not be repeated while on bail - bail denied: HCWHO rues withdrawal of US from global health bodyGST - Penalties should reflect legislative intent, ensuring proportionality, moderation, & fairness: HC65% of population covered by at-least One Social Protection Schemes: MandaviyaGST - Section 129, governing detention, seizure, & release of goods in transit does not supersede Section 126, which mandates moderation in penalty imposition for minor breaches or procedural lapses: HCGST - non obstante clauses should not be interpreted as overriding or nullifying other statutory provisions unless clearly intended by the Legislature: HCSC tosses out Jharkhand State appeal in Deoghar airport caseGST - Exclusion of Section 126(6) for fixed penalties reflects legislative intent to distinguish between discretionary & non-negotiable penalties, ensuring uniformity in cases involving fixed sums or percentages: HCGST - Non obstante clauses like those in Sections 129 & 130 of CGST Act must be contextually construed & not interpreted as creating inevitable levy of tax or penalty: HCImporting 'Dates'- The Country of Origin conundrumTrump grants oxygen to TikTok for 75 daysTrump orders assessment of tariffs against Canada, China and MexicoTrump says US to withdraw from Paris Climate treatyST- Credit of service tax in respect of testing and analysis service is eligible as input service: CESTAT24 Companies selected under PLI Scheme for White Goods

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Former Prime Minister, Dr Manmohan Singh, delivering his Award Acceptance Speech after receiving TIOL Fiscal Heritage Award 2022 on Nov 8 at Taj Palace, New Delhi



Technical Session I - Ease of Doing Business: GST on Digital Economy