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, November 21, 2016
CX - No double benefit - Credit rules did not bar appellant from taking credit of CVD if importer availed exemption notification No. 22/99-Cus or filed any declaration to that effect: CESTAT
 
New Delhi, November 20, 2016
Pre-Budget Meet - Trade Unions call for hiking income tax exemption limit to Rs 5 lakh and pension to workers to Rs 3000; Credit to MSME Sector at 4% 
 
New Delhi, November 20, 2016
1.35 lakh jobs generated through various employment schemes last calendar year: Minister
 
New Delhi, November 19, 2016
GST a milestone in cooperative federalism; concept can be replicated in other spheres, says Cabinet Secretary
 
Pune, November 19, 2016
I-T - Whether compensation paid by developer to flat owners for delayed handing over of possession, is not a contingent liability warranting any penalty - YES: ITAT
 
New Delhi, November 19, 2016
Quantification of Black Money in India - Reports of commissioned studies under active consideration of Govt, says Minister
 
Mumbai, November 18, 2016
I-T - Whether assessment can be framed u/s 153C, in absence of incriminating material and/or any satisfaction recorded of searched person - No: ITAT
 
Bangalore, November 18, 2016
100% EOUs are entitled for CENVAT Credit on HSD notwithstanding exclusion of same from definition of input under CENVAT Credit Rules, 2004: CESTAT
 
Mumbai, November 18, 2016
Determination of export obligation is best left to licensing authority: CESTAT
 
New Delhi, November 18, 2016
CENVAT Credit on input services passed on by another unit of assessee through ISD invoices - Credit is admissible: 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.