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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 19, 2016 ST - Plea that they have paid more than 10% of disputed tax amount does not come to appellants' rescue because appeal was filed before 6.8.2014 - having not filed Stay application seeking waiver of pre-deposit, only option left was to deposit adjudged dues: CESTAT

Mumbai, August 19, 2016 Cus - Claim of classification under CTH 8413 does not benefit appellant in r/o custom duty for reason that goods falling under CTH 8705 or 8413, both are eligible for exemption - no malafide can be attributed, hence RF and penalty reduced: CESTAT

New Delhi, August 18, 2016 IDS 2016 - Option to declare FMV of immovable property acquired through registered deed provided; RS, CBEC meet trade & industry for feedback on GST laws; More interactive sessions being planned��

Mumbai, August 18, 2016 ST - Once, at end of �Supplier', Towers or BTS Cabins are assessed to CE duty by considering them as excisable goods and duty is collected, it is not open for Revenue at 'recipient' end to question whether goods are dutiable for purpose of denying CENVAT credit: CESTAT

Ahmedabad, August 18, 2016 VAT - Whether mere fact of incidental creation of small quantity of waste in form of byproduct which was sold as firewood, can form basis for holding that inputs purchased was not used fully for manufacture of specified product - NO: HC

Mumbai, August 18, 2016 ST - 'Development fee' is not linked to provision of service and hence not liable to service tax: CESTAT

Mumbai, August 18, 2016 CX - S.110 of Customs Act, 1962 - If appellant's prayer of quashing impugned order is allowed, it will be frustrating due process of law that is required in quasi-judicial proceedings - Appeal dismissed: CESTAT

Mumbai, August 17, 2016 FTP - Once there was clear stipulation in policy itself, then, all that circular does is to clarify this obvious position - If there was no obligation to pay duty, then, there is no question of claiming refund - Petitions dismissed: High Court

Mumbai, August 17, 2016 ST - Maintenance or repair service - Ships or vessels move easily on water but, not being goods that are amenable to severance from land or water, are not distinguishable from immoveable property - s. 65(105)(zzg) did not extend to Ships: Tribunal by Majority

Kolkata, August 17, 2016 I-T - Whether loss incurred by assessee in derivative transaction is liable to be assessed as loss of deemed speculation business even though for purpose of Sec 43(5) transactions in derivatives were not 'speculative transactions' - NO: ITAT

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