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 332
Chennai, May 09, 2016
Customs - As per Sec110(2), it is clear that in absence of any notice u/s 124(a) within six months from date of seizure, assessee is entitled to get release of goods: High Court
 
Mumbai, May 09, 2016
ST - In every case of refund amount is refundable only when it is not payable - if it is accepted that every such amount shall be treated as payment without authority of law, then Section 11Bof CEA, 1944 will stand redundant: CESTAT
 
Chennai, May 08, 2016
Tamil Nadu VAT Act, 2006 - Whether moment goods went out of protective cover given by SEZ, duty automatically got attached to goods and hence, inclusion of same in sale price for purpose of levy of value added tax is valid - YES: HC
 
New Delhi, May 07, 2016
CX - Classification of Guar Gum & Guar Dal Flour - Assessee succeeds on grounds of limitation itself - Revenue appeal dismissed: SC
 
New Delhi, May 07, 2016
ICC applauds WTO on its new report on bridging trade finance gap for SMEs
 
Mumbai, May 06, 2016
CX - 'Sticks' and 'Pens' being secondary packing & containing commodities that are below threshold prescribed for compliance with SWAM PCR, 1977 are beyond ambit of Section 4A of CEA, 1944 - Adopting theory of consumer behavior is flawed reasoning - Revenue Appeal dismissed: CESTAT
 
Mumbai, May 06, 2016
ST - Appellant, Authorized Service Station is also engaged in trading activity of passenger cars - unless vehicles are received and sold, there would not be any servicing of same -no requirement to reverse Cenvat Credit attributable to trading activity: CESTAT
 
Bangalore, May 06, 2016
I-T - Whether it can be concluded that there is cessation of assessee's liability, merely on ground that creditor is unable to be traced - NO: HC
 
Chennai, May 06, 2016
Import of Apples from USA - Undervaluation - Demand of duty by adopting price on basis of questionable parallel set of invoices, invoking Rule 8 of Customs Valuations Rules is unsustainable - CESTAT
 
Mumbai, May 06, 2016
ST - Rule 5 of CCR, 2004 - refund filed for quarter October to December 2009 sanctioned and later for same period another claim filed for additional amount - Notif. No. 5/2006-CE (NT) in clause (2) prohibits filing of more than one refund claim for any quarter in a calendar year: CESTAT
 
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