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, February 25, 2017
ST - BAS - Amount received by appellant upon transferring benefit of export cannot be considered either as commission or brokerage: CESTAT
 
Mumbai, February 24, 2017
CX – No interest liability devolves on Central Govt for any delay in transferring amount to Consumer Welfare Fund - Appellant has no vicarious standing to act on behalf of Fund: CESTAT
 
Mumbai, February 24, 2017
ST - IPL is sporting event, sponsoring of same is not taxable: CESTAT
 
New Delhi, February 24, 2017
I-T - Amounts paid as part of lease premium towards acquisition of leasehold rights, were not 'rents' warranting obligation u/s 194-I
 
Mumbai, February 24, 2017
CX - Even if small part of process is carried out with help of pedal operated machine, garments will remain as handicrafts – Benefit of notfn. 76/86-CE available: CESTAT
 
New Delhi, February 23, 2017
Customs - Supreme Court quashes Detention Order of 2005
 
Chennai, February 23, 2017
Extension of six months period under proviso to Sec 110(2) - Date of detention is not relevant : HC
 
New Delhi, February 23, 2017
I-T - No penalty is automatically leviable for declaring higher income in return filed u/s 153A than what was filed originaly u/s 139(1)
 
Mumbai, February 23, 2017
ST - Since borrower does not have either product or service to place in market, services not falling under BAS: CESTAT
 
Mumbai, February 22, 2017
Cus - Artificial Grass Turf for laying football ground - benefit of Notification 146/94-Cus which specifically talks about exemption to sports requisites not considered by lower authorities - matter remanded: CESTAT
 
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Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.