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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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Chennai, May 24, 2016 I-T - Whether provisions for NPA can be equated with provision for bad and doubtful debts, for purpose of claiming deduction u/s 36(1)(viia)(b) - NO: ITAT

Mumbai, May 24, 2016 ST - Refund - Notfn. 17/2009-ST - Third party exports are permissible, however, provisions of notification require submission of proof that specified services had indeed been received by exporter claiming refund of tax paid: CESTAT

Mumbai, May 24, 2016 CX - Since boiler is final product of manufacturer, every component within it and every input that goes into component manufactured in factory would be an input so far as CCR, 2004 is concerned - Credit admissible on bought-out items shipped along with boilers outside India and to SEZ: CESTAT

Mumbai, May 23, 2016 CX - CENVAT - When rule 7 of CCR, 2002 prescribes an easy procedure of endorsement on body of the invoice, there is no logic for appellant to have not followed same but obtaining separate letter of endorsement thus giving rise to suspicion of evasion - Credit rightly denied: CESTAT

Mumbai, May 23, 2016 ST - Credit notes do not exist as inactive exhibits; financial adjustment is manifested as entries in journals & ledger to impact consideration made over and received for any goods supplied or service rendered - hurdle of unjust enrichment crossed - Refund admissible: CESTAT

Allahabad, May 23, 2016 I-T - Whether service of notice is to be deemed as valid if assessee refuses to accept and same is affixed at door of business premises - YES: HC

New Delhi, May 23, 2016 Cus - SCNs issued to Petitioners, more than 18 months after Dy DGFT exonerated them of very same allegations is nothing but harassment and an abuse of process of law: HC

Allahabad, May 22, 2016 States urged to exempt pulses from VAT and other local taxes; Paswan favours imposition of stock limits by all States

Allahabad, May 22, 2016 CX - SSI exemption - Plea that declarations which assessee claimed to have filed were actually not filed was not taken up for 7 years during process of appeal - No explanation whatsoever given as to why such a plea was not taken up at first instance: HC

Mumbai, May 21, 2016 Cus - Crude Palm Kernel oil which requires further refining before usage may be classified as intermediate & covered by DFRC licence - DGFT has clarified that palm oil is an input for manufacture of biscuits - benefit of 46/2002 available: CESTAT

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