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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Hyderabad, June 27, 2016
Services provided in Jammu & Kashmir are not exempted Services - Provisions of Rule 6 of CENVAT Credit Rules are not applicable: CESTAT
 
Ahmedabad, June 27, 2016
I-T - Whether initiation of reopening on basis of accommodation entries found during course of search is legally valid - YES: HC
 
Ahmedabad, June 27, 2016
Customs - Refund - Unjust enrichment is applicable even for refund of amount recovered by way of encashment of Bank Guarantee: HC
 
New Delhi, June 26, 2016
PM urges taxpayers to avail black money amnesty scheme or face action post-Sept 30 deadline
 
New Delhi, June 26, 2016
FSSAI joins hands with CHIFSS to enhance Food Safety standards
 
New Delhi, June 25, 2016
CBI books NINE senior Income Tax officials in corruption case; seizes 43 property documents & 22 lakh cash; finds FDRs worth Rs 78 lakhs
 
Mumbai, June 25, 2016
CX - Since letter of CCE, LTU is communicating finding which is detrimental to financial interest of appellant, same is 'decision' that can be entertained in appeal u/s 35B of CEA, 1944: CESTAT
 
Mumbai, June 24, 2016
CX - Valuation - Any amount of freight which is collected in excess of actual freight is not includible in assessable value - Revenue appeal dismissed: CESTAT
 
Bangalore, June 24, 2016
I-T - Whether benefits u/s 10B is available to exports done through third party - NO: ITAT
 
Mumbai, June 24, 2016
Cus - It is common sense that sea going vessel means vessel for which navigation is primary function and other activities are secondary – merely since vessel has crane fitted, classification by AA under CTH8905 is totally incorrect: CESTAT
 
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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.