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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Ahmedabad, June 29, 2016
No Education Cess on Oil Cess - Refund of education cess paid from 2004 to 2014 allowed - Limitation starts from date of noticing mistake - Self assessed payment need not be challenged to claim refund: High Court
 
Ahmedabad, June 29, 2016
Wealth Tax - Whether if building under construction is not to be treated as asset chargeable to tax, then land on which construction was commenced will have to be included in assets under clause (v) - YES: HC
 
Chandigarh, June 29, 2016
CX - s.9D - Statements recorded during investigation, u/s 14, whose makers are not examined-in-chief before AA, would have to be eschewed from evidence, and it would not be permissible for AA to rely on the said evidence : HC
 
Chandigarh, June 29, 2016
Cus - Cigarettes and restricted R-22 Gas imported by concealment but none are expressly 'prohibited' - importer would be entitled for an option to redeem goods even upon adjudication - provisional release ordered: High Court
 
Chandigarh, June 28, 2016
CX - In absence of circumstances specified in Sec 9D(1) of CEA, 1944, if AA relies on statement, recorded during investigation, as evidence of truth of facts, it has to be held that AA has relied on irrelevant material: High Court
 
Hyderabad, June 28, 2016
Information provided by public office under RTI is valid proof and no reason to disbelieve same - Since main contractor paid Service tax as per RTI information, demand on sub-contractor set aside: CESTAT
 
Mumbai, June 28, 2016
ST - Renting of Immovable Property - Property tax proportionate to period for which abatement is claimed shall be excluded while computing gross amount charged for purpose of levy of service tax as per notfn. 24/2007 – No excess abatement availed : CESTAT
 
Kolkata, June 28, 2016
I-T - Whether when assessee, an amalgamating company, itself chose not to inform Revenue about amalgamation sanctioned by High Court and preferred to file return in its own capacity, assessment order passed by AO can still be held as nullity - NO: HC
 
Mumbai, June 28, 2016
CX - CENVAT - For purpose of taking credit in respect of goods supplied by 100% EOU, BCD which is leviable in case of import of goods shall apply and not actual rate which is applied & paid - Appeal allowed: CESTAT
 
Mumbai, June 27, 2016
CX - Confirmation of amount of 8% of value of exempted goods is not akin to any duty which is short levied or short paid - in absence of recovery mechanism during impugned period, imposition of penalty is incorrect: CESTAT
 
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AR not Afar by SK Rahman



Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.