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, November 26, 2016
Drafts of Model GST Law, IGST Law and Compensation Law: Opens up for information of industry and stake holders
 
New Delhi, November 26, 2016
China + Pakistan's proposal on e-commerce taken up debate at WTO Goods Council; China also sought debate over payment & logistic services
 
New Delhi, November 25, 2016
Ketamine HCl is psychotropic substance - NDPS Act is special law as compared to general procedural law of CrPC - Order of release of vehicle set aside: HC
 
Ahmedabad, November 25, 2016
I-T - ITO can levy interest u/s 234B for second time, if the same was set aside by CIT(A) and no appeal had been preferred - NO: HC
 
Mumbai, November 25, 2016
CX - Revenue authorities have no business to issue letter directing appellant to pay interest- in absence of invocation of s.11AA in SCN, demand is not sustainable: CESTAT
 
Mumbai, November 25, 2016
Cus - No legitimate exemption can be denied, merely becuase notification was not claimed at time of import: CESTAT
 
New Delhi, November 24, 2016
Demonetisation saga - Govt extends deadline for use of old notes till Dec 15; allows pre-paid mobile top-up up to Rs 500
 
Kolkata, November 24, 2016
CX - It is a well known fact that success rate of departmental cases is very poor and, therefore, Appellants are required to pay additional 10% deposit, in addition to 7.5% deposit made before Commr(A): CESTAT
 
Mumbai, November 24, 2016
ST - Telecom service - whether CENVAT credit is admissible of CVD paid on Fixed Wireless phones - digression to matters not contemplated in SCN - Matter remanded: CESTAT
 
Mumbai, November 24, 2016
CX - Though it is refund matter but since it does not involve either legal or recurring issue, Tribunal has rightly dismissed the appeal of Revenue on litigation policy: 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.