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IGI Airport Customs seizes US Dollars worth Rs 2.94 Crore from pax heading for DubaiA Basic Primer on GDPR and its Relevance to the Indian Context (See 'TOG INSIGHT' in 'Taxongo.com')CX - Internal records showed lesser receipt of base oil - no exercise undertaken to ascertain whether goods were diverted en-route, whether compensation claimed - CENVAT credit not deniable: CESTATReversal of ITC on common capital goods - some apprehensionsI-T - In absence of any yardstick or guideline to determine an expenditure as excessive payment, AO has no discretion to make disallowance: HCST - Late fee for delay in furnishing prescribed returns - Appellant has no ground to seek relief which is not available u/r 7C of STR, 1994: CESTAT5 UTs + 2 States to roll out e-Way Bill from May 25High Level Group constituted for faster expansion of health sectorGovt calls for preventive vigilance to check malfeasanceGST related Petitions should be efficaciously defended by authorized Commissioners only - no transfer/amendment of authorization without express approval of BoardGST - ITC abuse - father-son duo lands behind barsPrabhu releases Paper on Computer Software ExportsIrresponsible Litigation - Rip Van Winkleism Syndrome continues to afflict Union of India!!End Governor's Discretion Raj by undoing Constitutional BlunderI-T - When reasons recorded by AO for reassessment stand approved by JC, it cannot be said that provisions of Sec 151(2) were not fulfilled merely because file erroneously got placed before CIT who also recorded satisfaction: HCCus - Notification 50/2017 amended to increase BCD on Wheat from 20% to 30% - Omits entries pertaining to Shelled almonds and Protein ConcentratesCX - Expression in statute cannot be allowed to be circumscribed on an unfounded interpretation by lower authorities: CESTATGovt exercises emergency powers to increase tariff rate of BCD on Walnuts in shell from 30% to 100% and on Protein concentrates and textured protein substances from 30% to 40%ST - CBEC has clarified that notice for rejection of VCES-1 declaration should be issued within 30 days-notice issued after 1 years is clearly time barred: CESTAT
 
Govt seeks to resolve visa issues; submits trade facilitation proposal in WTO

By TIOL News Service

NEW DELHI, APRIL 21, 2017: COMMERCE and Industry Minister, Ms. Nirmala Sitharaman, has said that Government will engage constructively with US and other countries to resolve the visa issues. Speaking at the Mind Mine Summit in New Delhi yesterday, she said India has already submitted its proposal on Trade Facilitation in Services in WTO and wants member countries to study the proposal. The Minister said that she does not believe that Globalization is in retreat as we are linked deeply with other economies.

On the currency volatility she said the strength of the rupee is also a reflection of strength of the economy and is one of the factors in growth of exports. Ms. Sitharaman said better infrastructure and removal of bottlenecks are necessary for exports. She said Government is ready to implement new ideas so that young people don't loose out in the global market.


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