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, January 04, 2017
Income tax - Whether provisions of deemed dividend Section 2(22)(e) get attracted even if HUF itself is not the registered shareholder - YES: SC
 
Mumbai, January 04, 2017
CX - Goods which are being cleared under Chapter X procedure have not suffered any duty payment - MODVAT Credit taken on inputs in r/o such goods is incorrect and has to be reversed: HC
 
Mumbai, January 04, 2017
CX - Clause (vi) of Notf 67/95 mandates that benefit is available if obligation prescribed in rule 6 of CCR is discharged - since appellant satisfies rule 6(1), benefit of Nil duty in r/o boxes manufactured for packing exempted toys is available: CESTAT
 
New Delhi, January 04, 2017
ST - Although non-compliance with s.78 does not per se invalidate penalty, given that option was not granted, and appellant had deposited substantial amount at adjudication stage, limited relief is justified: HC
 
Ahmedabad, January 04, 2017
I-T - Whether wrong grant of exemption by AO during assessment, can be sole basis to reopen such assessment beyond period of four years - NO: HC
 
Allahabad, January 04, 2017
ST - Refund - up-gradation activity undertaken by appellant of defence aircrafts did not amount to providing of Maintenance & Repair Services - since tax was not due to Exchequer, amount deposited as ST to be refunded: CESTAT
 
Chennai, January 03, 2017
I-T - Whether dispatch register by itself is sufficient for proving deemed service of notice u/s 148, in absence of any authenticated signature of AO on same - NO: HC
 
Mumbai, January 03, 2017
CX - Rule 18 accords rebate of duties paid on goods that are exported & do not distinguish between exempted goods and dutiable goods - lower authorities have erred in adopting approach which is redolent of opportunism: CESTAT
 
Allahabad, January 03, 2017
Cus - Valuation provisions of s.14 are not applicable to goods which have already left shores & export of which has already taken place - Excess drawback allegedly disbursed not recoverable: CESTAT
 
Mumbai, January 02, 2017
I-T - Whether an issue which was never subject matter of consideration in order passed u/s 143(3) r/w/s 254, can be sought for rectification u/s 154 - NO: HC
 
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