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CBIC amends tariff value of silver; No change for other commodities High Level Official Delegation from Mauritius visits National Centre for Good Governance Govt hikes Minimum Wages vide enhanced VDA for unorganised workers TRAI mandates whitelisted URLs, APKS, or OTT links for SMS Traffic GST - 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: HC France backs India’s membership to Security Council GST - No opportunity of personal hearing as was requested while replying to SCN was given - Order set aside: HC Jaishankar calls for reforms of WTO, G20 & UN GST - 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: HC Family of 5 found dead in car in TN; Suicide suspected Alternative Global Value Chain - Is India going to be 'Next China'!IMF okays USD 7 bn loan to support Pak’s sinking economy Cus - Unreasoned order - Order spoke for itself - Revenue counsel tries his best to justify order but in the end had to throw in the towel: HC Bombay HC quashes govt clearance given after construction in Coastal area Prevent misuse of s.114AA of Customs Act Brazil keen to ink trade deal with EU GST - 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: HC Harris promises tax credit and investments to US manufacturers CBIC notifies HAG benefits to 22 IRS officers Nukes may deflect asteroid threatening earth: Scientists After Iranian death threat, Trump says Iran should be torn into pieces India, Australia working to strengthen ECTA through CECA: Goyal US Intel suggests Russia has secret war drones factory in China Survey reveals 31% Indians now use e-com platforms for ordering grocery India's coal imports see marginal increase amid surge in Power Generation


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Mumbai, August 24, 2016 ST - Appellant engaging services of foreigners - Since amounts paid by appellant to hotels and rent-a-cab services are actual expenses, these amounts cannot be considered as an amount which are to be taxed under reverse charge mechanism: CESTAT

Mumbai, August 24, 2016 Cus - There is no time limit specified for exercise of option to redeem confiscated goods - Exercise of that option cannot, therefore, be denied at any stage and an appeal, even if pending, is not affected by exercise of such option: CESTAT

Kolkata, August 24, 2016 I-T - Whether when assessee port has not claimed status of local authority to claim exemption u/s 10(20), even then Explanation inserted w.e.f AY 2003-04 would apply to determine its status for assessment and tax rate applicable - NO: ITAT

Mumbai, August 24, 2016 Cus - Rule 9 of Valuation Rules, 1998 does not confer blanket mandate to add value of elements of contract merely because supply of imported goods are covered in same contract : CESTAT

Ahmedabad, August 23, 2016 Penalty - Legislature while granting discretion to executive has also provided for sufficient guidelines and safeguards so that such discretion does not convert into arbitrary or discretionary exercise of powers -challenge to constitutional validity of s. 11(2), 11(3) of FTDR Act, 1992 fails: High Court

Mumbai, August 23, 2016 ST - Appellant failed to show advance amount in ST-3 return & discharge tax - there was a confusion at material time with regard to manner of payment of ST in respect of newly introduced WCS - fit case for invocation of s.80: CESTAT

Patna, August 23, 2016 I-T - Whether deduction for contribution made to gratuity fund is allowable when the plea that payment was made to approved gratuity fund was not only raised at belated stage but also there did not appear to be concluded contract between assessee and the fund - NO: HC

Mumbai, August 23, 2016 CX - There is no time limit prescribed for issue of SCN u/s 11B and thus it is open to Revenue to point out shortcomings in refund claim even after one year: CESTAT

Ahmedabad, August 22, 2016 VAT - Legislature providing for exemption from payment of tax does not necessarily and by itself imply that product was otherwise exigible to tax: HC

Chennai, August 22, 2016 Income tax - Whether High Court exercising writ jurisdiction, should re-examine and interfere with a factual finding recorded by Settlement Commission - NO: HC

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