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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Chandigarh, February 18, 2017
I-T - Whether legislative intent behind use of expression 'in relation of prosecution of any offence' in PMGKY is to exclude a declaration only if chargesheet is filed for prosecution and not merely when investigations are conducted - YES: HC
 
Mumbai, February 18, 2017
Cus - CoD held that it was not desirable for Revenue as well as MDL to litigate matter - on the face of such clear directions, appeal filed by Revenue needs to be rejected: CESTAT
 
Hyderabad, February 18, 2017
CX - Arrangement of transportation by appellant is only for convenience of customer-Railways and as required under Railways tender – Transportation charges not includable in AV: CESTAT
 
Mumbai, February 17, 2017
CX -Tanker is not bulk pack, therefore, activity of unloading edible oil and converting into retail pack and labeling is not manufacture: CESTAT
 
Mumbai, February 17, 2017
Commissioner and his officials are playing blame game - this must be immediately stopped: High Court
 
Mumbai, February 17, 2017
Renting of equipment - since transaction is one of 'transfer of right to use' which is deemed sale and VAT is payable, no ST : CESTAT
 
Jaipur, February 17, 2017
I-T - Sharing of proceedings of film between film distributors & film exhibitor, would not attract Sec 194-I- YES: HC
 
Hyderabad, February 16, 2017
Cus - Exemption under Notification No 23/98 available to Cables cannot be extended to raw materials required for cables - Notification has to be interpreted strictly: CESTAT
 
Hyderabad, February 16, 2017
I-T - Once AO has failed to make reference to DVO, he cannot go back for computation of capital gains: ITAT
 
Mumbai, February 16, 2017
CX - Car for Physically handicapped persons - Notification 6/2006 does not require production of NoC from car manufacturer about claiming refund: 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.