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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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New Delhi, May 16, 2016 I-T - Whether when assessee was to receive full consideration on transfer of assets, merely manner of discharge of sale proceeds would alter the scheme and decide taxability of capital gains - NO: HC

New Delhi, May 16, 2016 Cus - Post-amendment by FA, 2012, Section 153 of CA, 1962 does not provide for service of SCN on a customs agent - right of owner of goods cannot be defeated without prior notice on him - seized goods rightly ordered to be released: HC

New Delhi, May 15, 2016 CBDT gears up to notify Income Declaration Scheme 2016 from June 1, 2016; Tax to be charged @ 30% + KKC + 25% penalty

New Delhi, May 14, 2016 Impact of liquor ban - surplus molasses - Centre accepts Bihar's proposal for lifting 6 cr litre of ethnol for blending with petrol scheme

New Delhi, May 14, 2016 Cus - There is no provision in Act that enables Revenue to direct carrier of goods to waive demurrage charges or container charges even where order of confiscation is ultimately held to be illegal: HC

New Delhi, May 13, 2016 CST Act - What common man understands need not necessarily mean what is understood in accordance with law: Supreme Court

Mumbai, May 13, 2016 I-T - Whether firm engaged in hire purchase is entitled to deduction u/s 37(1) for secret commission paid to employees of its clients, without establishing that such payment was trade practice for ensuring quick payment of hire charges - NO: HC

Chennai, May 13, 2016 Customs - Cargo withheld for testing standards - Petitioner is entitled for 45 days' free period and is not liable to pay demurrage charges: High Court

Mumbai, May 13, 2016 CX - Clearance of goods under under State excise laws is akin to clearance of goods on which exemption notification has been claimed - CCR does permit assessee to take credit of duty paid on molasses subject to compliance with Rule 6: CESTAT

Mumbai, May 13, 2016 Cus - Skimmed Milk powder - Stage of entry of goods to be exported is date on which exporter presents shipping bills to proper officer - shipping bills were presented on 10/2/2011 and 16/2/2011 and on this date the goods were not prohibited - no reason for confiscation: CESTAT

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