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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Bangalore, March 24, 2017
ST - Since CESTAT has remanded matter, it cannot be said that any substantial question of law would arise for consideration: HC
 
Chennai, March 23, 2017
I-T - Declaration made under KVS Scheme would cover penalty & interest levied in case of tax arrears, rules HC
 
New Delhi, March 23, 2017
CX - Sec 11B does not differentiate between duty paid in cash and that by credit utilization: CESTAT
 
Allahabad, March 23, 2017
ST - Pipeline laying executed for Govt as part of irrigation, water supply, or sewerage projects not exigible to tax under CICS : CESTAT
 
New Delhi, March 23, 2017
CX – Money value of technical know-how etc. provided to appellant for manufacture of power units for FIPL is addable in AV: CESTAT
 
New Delhi, March 22, 2017
Bihar Finance Act - Assessing Authority cannot re-open assessment based only on Audit Report: Supreme Court
 
Mumbai, March 22, 2017
I-T - Surrender of life interest in properties belonging to trust, by releaser in favour of his children, would not constitute 'gift', if releasor was no absolute owner of property
 
Mumbai, March 22, 2017
CX - There is no basis for apprehension that Tribunal's understanding of legal provision is flawed: HC
 
New Delhi, March 22, 2017
ST - Providing armed security guards to PSU u/s 13 of Police Act, 1861, is carrying out of statutory function and not liable to service tax: CESTAT
 
New Delhi, March 22, 2017
CX - Without any proof of clandestine removal, it is not legal to disallow CENVAT credit on inputs, if same had been received in factory: CESTAT
 
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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.