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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New Delhi, July 25, 2016
Cus - FM's speech only highlights more important proposals of budget and those are not enactments by Parliament - law as enacted is what is contained in Finance Act: SC
 
New Delhi, July 25, 2016
Cus - On basis of 'draft' order signed by adjudicating authority, certified copies of final orders cannot be issued - It's high time department ceases such practice: HC
 
New Delhi, July 25, 2016
'Mediker' is drug and not a shampoo; 'Revive' instant starch used while washing clothes is not chemical - Not liable to Entry tax - Revenue appeal dismissed: SC
 
Mumbai, July 25, 2016
I-T - Whether when assessee has deposited certain amount at time of allotment of a property and transfers such amount in favour of another party, it would amount to transfer of his rights over such property - YES: ITAT
 
Mumbai, July 25, 2016
Cus - CHA licence - In its limited jurisdiction, High Court cannot re-appreciate and re-appraise a pure finding of fact - CESTAT order upheld: HC
 
New Delhi, July 24, 2016
PM asks Gems & Jewellery industry to enhance global presence; Industry seeks level-playing field and reduction in number of approvals to set up units 
 
New Delhi, July 24, 2016
Union Govt asks States to put in place pricing policy to cap retail prices of essential goods; Also calls for exemption from local taxes
 
New Delhi, July 23, 2016
Lokpal Act - CII represents to Govt to clarify on definition of term 'public servant'
 
New Delhi, July 23, 2016
Reports on estimation of black money parked abroad by 3 research institutions - North Block still studying and may complete it in next few weeks: FM
 
Ernakulam, July 22, 2016
Customs - Soft shell filter for blood bags is classifiable under CTH 9018 90 99 and is eligible for CVD exemption under Notification 12/2012 CE - CBEC Circular No 19/2013 dated 09.05.2013 quashed: High Court
 
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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.