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, January 19, 2017
CX - Cess cannot be considered to be duty of excise for purpose of notification 214/86 - Benefit of exemption not available to job worker who manufactures 'Rear Axle Carrier sub assembly' of exempted Tractors: CESTAT
 
Chennai, January 19, 2017
I-T - Whether advances paid to closely held company on account of contractual obligation, can be treated as deemed dividend u/s 2(22)(e) - NO: HC
 
Mumbai, January 19, 2017
Cus - Reading s.121 harmoniously with definition of smuggling in s. 2(39), it is clear that it is not necessary to confiscate goods to enable invocation of s.121 for confiscation of sale proceeds: CESTAT
 
Mumbai, January 19, 2017
CX - Lack of statutory provision for grant of refund of credit lying unutilized at time of closure of factory and lack of safeguards, conditions and limitations to handle such eventuality - claim rightly rejected: CESTAT
 
Mumbai, January 18, 2017
I-T - Whether payments for 'specialized jobs' which are outsourced on job work basis, warrants application of Sec 194-I - NO: HC
 
Mumbai, January 18, 2017
Cus - It is not case of Revenue that Courier Co itself was involved in any violation by taking help of employees for duty evasion evade - punishment already suffered by keeping them out of business & imposition of penalty suffices: CESTAT
 
Mumbai, January 18, 2017
CX - Duty paid MV returned after ARAI testing subjected to fluid level & electrical system checks - process not manufacture, hence appellant to pay sum equal to credit taken - duty discharge on TV not proper: CESTAT
 
New Delhi, January 17, 2017
ST - Rule 6 - Explanation placing restrictions prejudicial to interest of AEs would not apply retrospectively: CESTAT
 
Mumbai, January 17, 2017
I-T - Whether variable payments made to director of a company without deducting TDS can be construed as 'salary', if payments were subsequently reversed - NO: ITAT
 
New Delhi, January 17, 2017
CX - Cenvat Credit - Inputs not manufactured by input supplier but procured from open market - No cenvat Credit: CESTAT
 
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