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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Chennai, April 27, 2016
CX - Marks 'Q' and 'I' embossed on jewellery amounts to sale of branded jewellery - Demand of duty upheld: CESTAT
 
Mumbai, April 27, 2016
I-T - Whether expenses connected with exempt income have to be disallowed u/s 14A regardless of whether they are direct or indirect, fixed or variable and managerial or financial - YES: ITAT
 
Mumbai, April 27, 2016
Cus - Respondent was liable to pay royalty to Licensor even when they imported raw material from anybody else and do not at all import same from related foreign supplier - allegation that payment of royalty is relatable to goods and is a condition for sale of goods cannot be sustained: CESTAT
 
New Delhi, April 26, 2016
I-T - Whether when a hotel employee earns some tips from customers, such income is also chargeable to tax under the head 'salaries' u/s 192 - NO: SC
 
Mumbai, April 26, 2016
CX - Assembly of a system from various equipment as 'turn-key project' may be a professional performance of specialized contract which would not, however, render such project to be manufacture unless product that emerges is classifiable under one of specific headings of tariff: CESTAT
 
Chennai, April 26, 2016
I-T - Whether TDS is liable to be deducted with respect of FTS where manufacturing activity as well as export contracts entered into by assessee were concluded in India only - YES: ITAT
 
Chennai, April 26, 2016
I-T - Whether an amount representing principal loan if waived by bank under one time settlement scheme which assessee received during course of business, constitutes income u/s 28(iv) and hence, liable to tax - YES: HC
 
New Delhi, April 26, 2016
Service Tax - Cargo Handling Service - Quashing of Show Cause Notice by High Court upheld - Supreme Court
 
Mumbai, April 26, 2016
Cus - 'Act II Microwave Popcorn' - Appellant manufactures very same product in India and classifies same under 20081190 and discharges appropriate CE duty, which has been accepted by department, then there is no reason for not extending said classification under Customs Tariff for the imported goods: CESTAT
 
New Delhi, April 25, 2016
Litigation Management - CBEC orders withdrawal of 2051 & 5261 cases from HCs & CESTAT respectively
 
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Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.