Drawback rates changed for a dozen chapters - new rates to come into effect from 25th January [See Notfn in What's New]

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President appoints three Addl Judges of P & H HC as full-time Judges

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International Customs Day: 16 Customs officials to receive WCO Certificate of Merit (See 'Service News' in Pitara)

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RBI mulling over measures to strengthen monetary policy

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AAP under acute pressure to take action against Law Minister Somnath Bharti

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Interest tax - Whether in case total amount of hire that hirer pays to assessee company exceeds price at which vehicle was purchased from dealer, excess can be termed as interest - YES: HC (See 'Breaking News')

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ST - Arrest - Applicant accused of collecting and not paying ST of Rs 2.17 Cr - Conditional bail granted on undertaking that entire amount will be paid in three months (See 'DDT' Column)

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Cus - Fraudulent drawback - Overvaluation - bank has no role to play - No doubt there was some negligence on part of HDFC in not properly verifying papers but omissions do not fall within scope of Sec 113(i): CESTAT (See 'Breaking News')

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Applications invited for posts of Member in CBEC (See 'Deputation' in Pitara)

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Ennore Port joins hands with Ford India to boost auto exports (See 'Mixed Buzz')

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CX - Raw materials procured under notification 1/95 diverted to DTA - appellants not disputing demand on merits - demands not time barred as they have been issued within 5 years: CESTAT (See 'Breaking News')

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India-Pakistan Trade - Customs Efficiency (See 'DDT')

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I-T - Whether rectification in computation of income can be done without filing revised return of income (See '2014-TIOL-37-ITAT-Mad')

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Vizag, Ahmedabad receive awards for best cities under Basic Services to Urban Poor (See 'Mixed Buzz')

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Petro Minister launches 5 kg LPG Cylinders sale through Petrol Pumps in Delhi & NCR

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Ms Aruna M Bahuguna is appointed as New Director of National Police Academy, Hyderabad till her retirement in 2017

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IMF projects only 4.6% growth in current fiscal

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Kejriwal finally calls off dharna after LG partially accepts AAP demand

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Growing smuggling into India: Pakistan bans gold imports for second time in six months

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Thailand Govt opts for imposition of 60-day Emergency 

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CBEC gears up for AGT; invites options from officers latest by Feb 15 (See 'Service News' for details)

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Demanding action against Delhi Policemen Kejriwal threatens to flood Rajpath with AAP supporters 

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Import duty on Edible oils hiked to 10% (See Notifn No 2 in 'What's New')

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Global unemployment rose by 5 mn in 2013; likely to grow to 13 mn by 2018 (See 'Breaking News' in www.hrindiaonline.com)

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I-T - Whether any adhoc disallowance of payment made u/s 40A(2)(b) to sister concern is warranted merely on basis that it was run by wife of Director of assessee Co - NO: HC (See 'Breaking News')

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Superintendent (AR) in CESTAT Sabrina Cano among Presidential Awardees + Presidential Award for CESTAT AR - DDT's Campaign (See 'DDT' Column)

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NCR Board approves inclusion of Jind & Karnal in NCR (See 'Mixed Buzz')

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Flood gates opened for encashment of CENVAT credit against a single export! (See 'ST se GST tak' Column)

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AEPC seeks 5% duty credit scrip for import of speciality fabrics on actual user basis (See 'Mixed Buzz')

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ST - Appellant, an IITian rendered consultancy services in respect of metal development and received professional fees - such service cannot be termed as Market Research Agency Service: CESTAT (See 'Breaking News')

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How Rice Became a Non-Agricultural Produce (See 'DDT')

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Union Cabinet decides to sell off remining stake in Hindustan Zinc 

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Central Excise - CENVAT Credit - Special Dispensation under Rule 12 (See 'DDT')

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Petro Minister okays setting up of MOT for re-assessment of Hydrocarbon resources (See 'Mixed Buzz')

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Trichy Airport Customs seizes gold worth Rs 56 lakh from pax coming from Singapore + Malaysia 

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Union Cabinet okays proposal to set up Rail Tariff Authority + formation of Amritsar-Kolkata Industrial Corridor Development Corpn + inclusion of Jains as minority community

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CCEA approves financial support to Nalanda Univ + proposal of Federal Bank to hike foreign equity

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Auction of Spectrum in 1800 MHz  & 900 Mhz band: DoT receives 8 applications

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CBEC notifies Presidential award for 40, including 5 Commissioners, 7 Addl/JCs (See NT 04 in What's New)  

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CENVAT Credit Rules Amended (See ENT 02 in What's New)

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Advance Authorisation scheme; Exemption + Ports/Airports LCS, notified (See Not 01 in 'What's New')

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CBEC clarifies on issue of Discharge Certificate under VCES and availment of CENVAT credit (See Cir 176 in 'What's New')

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Chennai Service Tax Commissionerate arrests leading person of hospitality industry for tax evasion of Rs 1.4 Crore (See 'Mixed Buzz')

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