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
 
Page 276
Mumbai, October 12, 2016
I-T - Whether jobbing activity is done to guard against business loss and hence cannot be considered as speculative transaction - YES: HC
 
Mumbai, October 11, 2016
CX - Service tax on outward transportation of exempted goods 'press mud' is admissible as credit: CESTAT
 
New Delhi, October 10, 2016
Indirect taxes mop-up crosses 52% & direct tax realises only 38% up to Sept 2016
 
Chandigarh, October 10, 2016
CX - Alleging clandestine removal, demand raised against each unit on pro rata basis-clubbing of units, therefore, cannot sustain-not tracing original documents; holding no official liable shows negligent attitude: CESTAT
 
New Delhi, October 10, 2016
ST - Services provided by Rajasthan Police - Two remedies - appeal before CESTAT & suit before SC not permitted - After choosing one particular remedy plaintiff cannot avail other remedy as well, in respect of same relief founded on same cause of action: SC
 
Chandigarh, October 10, 2016
I-T - Whether mere 28% shareholding of a company does establish fact that shares were acquired wholly and exclusively for purpose of control and not for earning income - NO: HC
 
New Delhi, October 10, 2016
Cus - ADD - Position of 'Equal Economic Importance' cannot be given to chlorine in Indian context and thus cannot be treated as joint product - DA finding justified: CESTAT: Larger Bench
 
New Delhi, October 09, 2016
Fixed Term employment introduced for Apparel Manufacturing Sector - win-win situation for both Employers and Employees: Govt
 
Paris, October 09, 2016
MSMEs suffering, dying for lack of trade finance; Shortage more acute in Africa; Banks reject 60% applications, finds ICC Global Survey
 
New Delhi, October 08, 2016
Customs - Anti Dumping Duty - In garb of unclaimed confidentiality, DA cannot shirk from its responsibility to act fairly in its quasi-judicial role and refuse to indicate reasons for its findings - SC Larger Bench
 
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