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, October 18, 2016
Cus - External Hard Disks are classifiable under Heading 8471 7030 & not under 8471 7020 as Hard disc drives - benefit of notification 6/2006-CE, 12/2012-CE not available: CESTAT
 
Ahmedabad, October 18, 2016
I-T - Whether if certain area is not shared but is exclusively assigned for use of a particular residential unit holder, that would mean that such area would automatically be included in built up area, for purpose of computing deduction u/s 80IB(10) - NO: HC
 
Mumbai, October 18, 2016
CX - Imported 'sinks' were checked/packed/labeled and cleared - Revenue alleging that activity amounts to manufacture u/s 2(f)(iii) of CEA, 1944 - Once duty is held payable, credit of CVD paid upon import is to be allowed: CESTAT
 
Mumbai, October 18, 2016
ST - Once by detailed findings, Tribunal concluded that services are classifiable under BOFS, there is no purpose to discuss whether claim of appellant for classification under Telecommunication services is correct or not: CESTAT
 
Mumbai, October 17, 2016
CX - Shredded Band-Aid cleared for incineration - There is no Tariff heading for classifying scrap arising during course of manufacturing of goods of Ch. 30, hence in absence of any classification, demand of duty is unsustainable: CESTAT
 
Bangalore, October 17, 2016
IT - Whether when assessee has made investment, but quantum was less in comparison of its own funds, in such case, to that extent disallowance u/s 14A cannot be warranted on account of interest expenditure - YES: ITAT
 
Ahmedabad, October 17, 2016
Income tax - Whether validity of valuation done by DVO is an issue that can be challenged in a writ petition - NO: HC
 
Mumbai, October 17, 2016
ST - Treatment of effluent waste cannot be considered as processing of goods by any stretch of imagination - not taxable under BAS: CESTAT
 
Mumbai, October 17, 2016
CX - When entire o-in-o itself was set aside and Revenue's appeal was allowed by Commissioner (A), no grievance remained for filing an appeal before Tribunal: CESTAT
 
Paris, October 16, 2016
International migration rate doubles in last 25 years; reached 244 mn in 2015; Most economies fail to exploit its potential: OECD
 
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