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, December 22, 2016
Cus - MRP has to be declared by importer if there is going to be resale of goods - it is undisputed that tiles were imported for personal use - CVD discharged on declared value plus Customs duty is correct: CESTAT
 
Mumbai, December 22, 2016
ST - Appellant is repeating infraction in not depositing ST collected from customers - no merits in arguments that ST liability having been discharged, penalties should be set aside: CESTAT
 
Ahmedabad, December 21, 2016
Wealth Tax: Whether 'Stock Exchange Card' of recognised Stock Exchange held by non-defaulting member is an 'Asset' in hands of assessee and hence exigible to wealth tax – YES: HC
 
Chennai, December 21, 2016
Commissioner (Appeals) allowed appeal for earlier period - Ordering pre-deposit of full duty in another appeal of identical issue is not correct - Petitioner is entitled for full waiver: HC
 
Mumbai, December 21, 2016
ST - S.80 of FA, 1994 - During the relevant period there could be doubt as to whether ST liability arises on amount received as commission on sale of items manufactured by someone else -Penalty set aside: CESTAT
 
Mumbai, December 20, 2016
ST - Validation by FA, 2011 is to accord retrospective exemption to same class of providers to which Central Government did, within its powers, accord prospective exemption: CESTAT
 
Ahmedabad, December 20, 2016
I-T - Whether compensation & interest awarded to an assessee in pursuance of acquisition of his land for public purposes under provisions of Land Acquisition Act, can be subjected to Income Tax - NO: HC
 
Mumbai, December 20, 2016
ST - Appellant does not cease to be 'outdoor caterer' merely because services have been provided at premises provided by service recipient: CESTAT
 
Mumbai, December 20, 2016
CX - As long as credit is not retained for utilization at later stage, condition of non-availment of credit has been complied with - lump sum reversal at end of month suffices: CESTAT
 
New Delhi, December 19, 2016
I-T - Whether if non-compete fee is received as salary, any obligation to pay interest under Sections 234B & C, arises - NO: SC
 
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