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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New Delhi, May 22, 2017
Cus - DRI has no locus standi to file writ petition against order of Settlement Commission: High Court
 
Mumbai, May 22, 2017
ST - Appellant providing L/C facility through bankers to various importers - as appellant is nowhere concerned with procurement of goods, no tax under BAS: CESTAT
 
New Delhi, May 19, 2017
CX - Anarchy unleashed - illegal practice of collecting undated cheques is inexcusable - 'rent-seeking behaviour' of public servants - Commissioner should fix responsibility: HC
 
Mumbai, May 19, 2017
CX - Advertisement and marketing of products were very much in public domain through television - no suppression of facts: CESTAT
 
Mumbai, May 19, 2017
I-T - Notice for levying penalty u/s 271(1)(c) will be rendered untenable, if such notice fails to clarify charges for which penalty is imposed: ITAT
 
Mumbai, May 19, 2017
ST - Removing of jungle and bushes in existing premises of building does not fall under definition of 'Site Formation and Clearance, Excavation, Earthmoving and Demolition Services' : CESTAT
 
Mumbai, May 19, 2017
I-T - When purchases are not bogus but are made from parties other than those mentioned in books, only profit element embedded in such purchases requires addition: ITAT
 
New Delhi, May 19, 2017
CX - Notfn 6/2006-CE - Exemption cannot be denied merely because sub-contractor did not take part in International Competitive Bidding: CESTAT
 
Mumbai, May 18, 2017
Cus - Tribunal being creature of statute should restrain itself from embarrassing Executives - Costs imposed on Commissioner waived: CESTAT
 
Allahabad, May 18, 2017
I-T Authorities have no territorial jurisdiction to issue reopening notice to a regular assessee of different State: HC
 
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TIOL Tube brings you an interview with former US Secretary of Treasury, Mr. Larry Summers who was recently in Delhi.

AR not Afar by SK Rahman



Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.