News Update

CBDT promoting Voluntary Compliance through e-Verification Scheme-2021ST - Issuance of a consignment note is essential condition for classifying an activity under GTA Service; tax demand raised thereunder is not tenable where no consignment note is issued: CESTATMoD inks MoU with BEML, BEL & MIDHANI for indigenous development of Advanced Fuelling SystemCus - A final order does not get invalidated simply because in a related matter which was cause of initiation of action in the present proceedings, has now been remanded: CESTATMinister of Steel inaugurates India's 1st Green Hydrogen Plant in Stainless Steel SectorCus - Exemption under Notification No. 12/2012-CE is rightly denied in respect of goods which are imported & also not consumed in factory of production: CESTATRAV's Lifetime Achievement Awards Given to three Stalwarts of AyurvedaCus - It is not the case of department that appellant have colluded with supplier of goods to suppress actual value addition or genuineness of information in certificate of origin, therefore, no mala fide can be attributed on the part of appellant: CESTATDelhi Govt Budget proposes Rs 1000 per month for womenCX - Reversal of Cenvat Credit is not warranted in terms of CCR, 2004, when by-product Bagasse is cleared from factory without payment of duty: CESTATKharge alleges BJP Govt banning exports of agri products to favour industrialistsCX - Matter requires re-adjudication since what is required is verification of documents vis-à-vis the claim of appellant, which can only be done by original authority: CESTAT5 killed as car bangs into roadside tree in TelanganaGST - Classification - Assessee has been called upon to pay the quantified sum and not show cause as to why the said amounts are not payable - prima facie indicative of pre-judgment: HCPM to leave on 5-state tour today; to announce projects worth Rs 1.1 lakh CroreFM to inaugurate National Conference of Enforcement Chiefs of State and Central GST formationsUK Budget: Chancellor likely to cut personal taxOPEC + to continue with production cuts to shore up priceBHARAT TEX 2024 - 3000 buyers from over 100 countries visit showUS takes cognisance of Singapore envoy’s misbehaviourCus - Purpose of Notification was to immediately put ban on export of Non-basmati rice in order to meet internal needs of the country in future - Court is not inclined to invoke the principle of substantial compliance and intended use: HCRailways achieves 1434.03 MT freight loading till February, 2024ST - In case of slump sale, there is no question of providing any service as per s.65(92) as well as s.65(55b) of the Finance Act, 1994: HC5,000 Farmer Producer Organizations registered on ONDC platform
 
Goyal visits Tesla factory at Fermont, holds bilateral meetings

By TIOL News Service

NEW DELHI, NOV 14, 2023: Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Piyush Goyal, arrived in San Francisco, United States of America yesterday. Kicking off the official tour, the Commerce and Industry Minister visited the Tesla Factory Unit in Fremont and interacted with the senior executives of the Tesla group. 

Later in the day, the Minister held bilateral meetings with Her Excellency Ambassador Katherine Tai, United States Trade Representative, His Excellency Mr. Dukgeun Ahn, Minister of Trade, Republic of Korea, and His Excellency Mr. Gan Kim Yong, Minister of Trade and Industry, Singapore.

During these Ministerial meetings, the Minister discussed potential collaboration under the Indo-Pacific Economic Framework (IPEF), ways and means of further enhancing bilateral trade and commerce linkages, matters related to WTO, and other issues of mutual interest. During the interaction with his Singaporean and South Korean counterparts, the Minister suggested expedited conclusion of the review of AITIGA and CEPA respectively.

Further, the Minister participated in the Investors Round Table organized in collaboration with USISPF & Indiaspora. The event was attended by venture capitalists and entrepreneurs from a wide spectrum of Industry in the US, including from the domains of energy, manufacturing, logistics, technology, and so on. In an interactive session, the Minister held wide ranging discussions with the participants and highlighted the various steps taken by the Government of India to improve the ease of doing business in India.

During the visit, the Commerce and Industry Minister will participate in the third in-person IPEF Ministerial meeting, and the engagements of the Asia-Pacific Economic Cooperation (APEC). He will also interact with eminent business persons, US officials and industry leaders during the visit to fortify the partnership between the two nations and strengthen trade and economic ties.


POST YOUR COMMENTS
   

TIOL Tube Latest

Shri Shailendra Kumar, Trustee, TIOL Trust, giving welcome speech at TIOL Awards 2023




Shri M C Joshi, Former Chairman, CBDT




Address by Shri Buggana Rajendranath, Hon'ble Finance Minister of Andhra Pradesh at TIOL Awards 2023