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
 
Page 319
Mumbai, June 13, 2016
I-T - Whether amended Sec 2(15) which restricts definition of 'charitable purpose' by excluding carrying on any business in receipt of sum in excess of Rs 25 lakhs, would by itself entitle Revenue to cancel registration u/s 12AA (3) when the activities of the trust are genuine - NO: HC
 
Bangalore, June 13, 2016
ST - Power u/s 87 is not independent - No recovery notice u/s 87 of FA, 1994 without adjudication - Single Judge order upheld: High Court
 
New Delhi, June 12, 2016
Cancellation of air tickets - Minister favours refund of service tax, adir development fees and other taxes within stipulated time-frame
 
Paris, June 12, 2016
European economy on way to recovery but new challenges emerging, says OECD
 
Mumbai, June 11, 2016
CX - Valuation - s. 4 of CEA, 1944 - merely because in excise invoice amount of freight is not shown, excise duty cannot be charged on freight amount when fact of matter is that commercial invoice shows same - Appeal allowed: CESTAT
 
Ernakulam, June 10, 2016
ST - VCES, 2013 is an Amnesty scheme - To allow petitioner to effect payments belatedly would tantamount to altering terms of settlement and that cannot be done by High Court - Petition dismissed
 
New Delhi, June 10, 2016
CX - Mandatory pre-deposit - While jurisdiction of Court to grant relief notwithstanding amended Sec 35F cannot possibly be taken away, said power should be used in rare and deserving cases: High Court
 
Mumbai, June 10, 2016
Cus - Respondent is 100% EOU and their import is not chargeable to custom duty, therefore, even if there is any variation in valuation, there will be no effect on custom duty payment - Revenue appeal dismissed: CESTAT
 
Chennai, June 10, 2016
I-T - Whether when salaries paid by Govt to priests and nuns were actually income of religious institutions they represented, any TDS obligation arises in such a case even if their income is exempt - NO: HC
 
Mumbai, June 10, 2016
ST - Refund of any amount is governed by Sec 11B - Tribunal being creature under CEA, 1944/CA, 1962 it cannot go beyond statute and, therefore, cannot relax time limitation provided under the statute: CESTAT
 
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