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
 
Page 214
New Delhi, May 01, 2017
CX - Cash discount & Performance incentive are to promote business of respondent and comes under trade discounts - admissible as deduction from AV: CESTAT
 
New Delhi, April 28, 2017
CX - Classification - Polyester Covered Yarn and Nylon Covered Yarn fall under CSH No. 5402.62/61: SC
 
New Delhi, April 28, 2017
I-T - Seized material must have some nexus to additions sought to be made by AO and must be relevant for forming belief regarding escaped income: HC
 
Chennai, April 28, 2017
ST - Reason that officials were involved in matters pertaining to challenge in some other matters, and, therefore, there has been delay in filing appeals is vague and cryptic: HC
 
Mumbai, April 28, 2017
ST – For another field formation of same tax collection mechanism to take an alternative stand and, that too, for limited period of time is best described as 'tax opportunism': CESTAT
 
Allahabad, April 27, 2017
I-T - Limitation of 7 years as provided by amended Sec 201(3) would not apply retrospectively to returns filed before 2009: HC
 
Mumbai, April 27, 2017
CX - Since appeal is an attempt to seek a re-appreciation and re-appraisal of factual findings, same is dismissed: HC
 
Chennai, April 27, 2017
ST - Rule 5 of CCR 2004 does not stipulate registration of premises as necessary prerequisite for claiming refund: HC
 
New Delhi, April 26, 2017
CX/CUS/ST - To prefer an appeal before Tribunal, appellant needs to deposit 10% of amount of duty/penalty irrespective of amounts equivalent to 7.5% deposited by them before Commr.(A): LB
 
Mumbai, April 26, 2017
ST - If contention of department is accepted that appellant cannot be treated as service provider then payment made should not be treated as that of service tax but as reversal of CENVAT credit availed - Appeals allowed: CESTAT
 
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