News Update

From frying pan to fire? - Service of street lighting is classifiable under heading 9991 12 and attracts GST @18%: AAARPrinting is a service rendered by appellant to himself in order to execute the supply of trade advertising material - supply is of goods [SH 4911 10] attracting GST @12%: AAARRejection order on ROM application does not merge with the original advance ruling: AAARROM order passed by AAR is not appealable u/s 100 of the CGST Act, 2017: AAARRules transgress s.30 of the SEZ Act and also misread Customs ActHenna powder - classification under GST regimeAdditions framed u/s 69 on account of unexplained investment, are unsustainable if same is based on assumptions: HCGovt in tandem with EC hikes poll expenditure ceiling by from Rs 28 lakh to about Rs 31 lakhPenalty proceedings are invalidated where twin charges u/s 274 have both been struck off in the SCN issued to the assessee: ITATExpenses incurred on repairs cannot be treated as capital in nature, where such repair work was very essential: ITATRegistration u/s 12AA granted to assessee with effect from a new date is unwarranted, where assessee had only applied for a duplicate registration certificate: ITATCOVID-19 vaccination - Govt to use digital health card, says PMVAT - Assessment order based entirely on proposals made by Enforcement Wing & ISIC authorities, is unsustainable, where it does not involve independent application of mind by AO: HCIFSCA sets up framework for regulatory sandbox to tap into innovative FinTech solutionsCus - Application for early hearing merits being allowed where the applicant seeks release of live consignment of goods & where applicant is required to produce certificate from BIS Authority for release of goods: CESTATCX - Rebate of duty paid on exported goods - As per proviso to Section 35B(1), the Tribunal is not vested with jurisdiction to hear cases pertaining to rebate of duty: CESTATIndia, US to sign BEA military pactFuture will be shaped by societies that invest in science and innovation: PMST - Club & Association service - CENVAT credit is allowed where such service is used to obtain conference halls & cabins at short notice, for conducting business meetings & where such input service has direct nexus with assessee's output service: CESTATFM reviews CAPEX of CPSEsGovt writes to over 2800 corporates to clear MSME duesKCC Scheme - Sanctions with credit limit of Rs 1.35 lakh crore achievedGovt carrying out reforms in every sector of economy to prop up growth: PMIgnoring limitation proves costlyInverted duty structure - A Case study (See 'TOG Insight' in promotes four officers as Pr Commissioner of Customs & Central Excise + posts Sameer Pandey as DS in GST Council SecretariatIs penalty compulsorily attracted on late payment of GST?No mutation of COVID-19 detected in India: Health MinisterBSVI introduction a revolutionary step: Javadekar
Railways, logistics firms join hands for faster parcel service


By TIOL News Service

NEW DELHI, SEPT 04, 2020: THE Minister of Railways and Commerce & Industry, Mr Piyush Goyal, held a meeting with top courier service agencies to facilitate robust partnership with Railways Freight and Parcel service. During the meeting it was informed that Railways was set to offer reliable, fast, affordable and easy to handle parcel services for logistics / courier agencies. The meeting was called to discuss and explore the possibilities of expanding the business of private parcel services through Indian Railways.

In order to quickly work out the best guidelines and ease of doing business, Joint working group is going to be formed consisting of Railway officials and representatives of logistics / courier providers. Speaking on the occasion the Minister said that win win solutions needed to be there to ensure a sustainable business development for all. It may also be noted that total 5,292 Parcel trains run by Indian Railways from March 22, 2020 till Sept 02, 2020 out of which 5,139 have been time-tabled trains. Total 3,18,453 tonnes of consignments have been loaded in these trains and the earnings have been Rs 116.19 crores.

It is worth mentioning that Indian Railways Freight loading for the month of August 2020 with total 94.33 million tonnes of freight loading surpasses last years loading for the same month. Total 1,41,049 rakes with 451.38 million tonnes of freight loaded by Indian Railways from March 25, 2020 till Sept 01, s2020. A number of concessions/ discounts are also being given in Indian Railways to make Railways Freight movement very attractive. Improvements in freight movements will be institutionalized and incorporated in the upcoming zero based time table.