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, March 17, 2017
DRI is not certain that money lying in bank a/c is sale proceeds of Gold - no justification in freezing 'cash credit' accounts: HC
 
New Delhi, March 17, 2017
Anti circumvention proceedings are part of larger scheme of anti dumping procedures and trajectory of inquiry is altogether different: HC
 
New Delhi, March 17, 2017
Cus - Affixing SCN on notice board of Customs House would arise only in event that notice 'cannot be served in manner prescribed' u/s 153: HC
 
Mumbai, March 17, 2017
ST - Both CX and ST registration are taken by same legal entity, therefore, single CENVAT Credit account can be maintained: CESTAT
 
Chennai, March 17, 2017
I-T - A donor cannot be denied benefit u/s 35AC, on ground of malpractices in management of Trust, rules ITAT
 
Mumbai, March 17, 2017
CX - Since no right is given by assignment deed to sell but only to manufacture, appellant cannot be called owner of brand name: CESTAT
 
Mumbai, March 16, 2017
Cus - In absence of any prescription requiring declaration of foreign currency taken out of country, confiscation unjustified: CESTAT
 
Mumbai, March 16, 2017
I-T - No benefit of TDS can be availed to adjust 'tax payable under Voluntary Disclosure of Income Scheme'
 
Mumbai, March 16, 2017
CX - Even if duty is not payable, since assessee collected same from buyers and paid to Govt., Sec 11D has no application: CESTAT
 
Mumbai, March 16, 2017
I-T - Assessee cannot challenge revisional order passed u/s 263, without anwering deficiencies pointed out by CIT: ITAT
 
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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.