News Update

CBIC amends tariff value of silver; No change for other commoditiesHigh Level Official Delegation from Mauritius visits National Centre for Good GovernanceGovt hikes Minimum Wages vide enhanced VDA for unorganised workersTRAI mandates whitelisted URLs, APKS, or OTT links for SMS TrafficGST - Rule 86A is not a machinery provision for recovery of tax - Order can be passed only if ITC is available in the taxpayer's ECL - No negative blocking: HCFrance backs India’s membership to Security CouncilGST - No opportunity of personal hearing as was requested while replying to SCN was given - Order set aside: HCJaishankar calls for reforms of WTO, G20 & UNGST - Goods were purchased from SAIL by a third party who sold to petitioner and who subsequently re-sold to consignee - No justification for detention on ground that correct documents were not travelling with truck: HCFamily of 5 found dead in car in TN; Suicide suspectedAlternative Global Value Chain - Is India going to be 'Next China'!IMF okays USD 7 bn loan to support Pak’s sinking economyCus - Unreasoned order - Order spoke for itself - Revenue counsel tries his best to justify order but in the end had to throw in the towel: HCBombay HC quashes govt clearance given after construction in Coastal areaPrevent misuse of s.114AA of Customs ActBrazil keen to ink trade deal with EUGST - Existence or otherwise of principal place of business - A taxpayer's registration cannot be cancelled solely on the basis of some general queries/enquiries from random persons, of which there is no record: HCHarris promises tax credit and investments to US manufacturersCBIC notifies HAG benefits to 22 IRS officersNukes may deflect asteroid threatening earth: ScientistsAfter Iranian death threat, Trump says Iran should be torn into piecesIndia, Australia working to strengthen ECTA through CECA: GoyalUS Intel suggests Russia has secret war drones factory in ChinaSurvey reveals 31% Indians now use e-com platforms for ordering groceryIndia's coal imports see marginal increase amid surge in Power Generation
 
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Mumbai, June 07, 2017
Cus – Copper sulphate technical grade is used for manufacturing zinc concentrate - exemption from registration/licence u/s 38(1)(b) of Insecticides Act available: CESTAT
 
Mumbai, June 06, 2017
Cus - Tribunal is accountable to citizenry at large and is not required to render an explanation of conduct to executive authority: CESTAT
 
Mumbai, June 06, 2017
ST - Arranging finance and receiving commission - as consideration is not connected with sale of product or service belonging to borrower, not BAS: CESTAT
 
Kolkata, June 06, 2017
I-T - Merely because assessee has opted to receive new premises in exchange of tenancy right instead of sale consideration, would not alter nature of transaction: ITAT
 
Mumbai, June 06, 2017
CX – A solitary sale cannot be said to be normal sale in normal market – no duty leviable on Slag: CESTAT
 
Patna, June 05, 2017
I-T - Amount seized u/s 132 can be utilized only for purposes of discharging liabilities already determined and not paid by assessee: HC
 
Mumbai, June 05, 2017
ST – Appellant is not required to discharge service tax on an amount paid by them as TDS for payment remitted to overseas service provider: CESTAT
 
New Delhi, June 05, 2017
CX – No distinct, identifiable commodity emerges out of process of printing undertaken by respondent - no justification to charge CE duty on printed paper Rolls: CESTAT
 
Kolkata, June 02, 2017
I-T - Labour charges does not warrants TDS obligation u/s 194C, merely because it was paid in form of fixed salary plus mutually agreed incentive commission: ITAT
 
Mumbai, June 02, 2017
ST - Appellant being statutory body could not be held to have suppressed facts with intention to evade payment of tax : CESTAT
 
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