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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, February 27, 2016 Indian equity market relatively resilient; Credit offtake for industry sector slowing: Economic Survey

Chandigarh, February 27, 2016 I-T - Whether when there are four registered co-owners of a house property, assessee is entitled to deduction against only 25% of interest paid on housing loan - YES: HC

Ahmedabad, February 26, 2016 CX - Credit of Additional duty leviable under CTA, 1975 - Amendment made in CCR3(7) in 2009 by notfn. 22/2009-CX(NT) is only for purpose of removal of doubts and not for any other reason - denial of credit for earlier period has no rationale: CESTAT

Kolkata, February 26, 2016 Settlement - Explanation inserted by FA, 2014 in s. 32O(1)(i) is consistent with statutory intent & a reiteration of statutory provisions in sec 32E(1), hence clarificatory - bar from filing subsequent application consequent upon penalty in earlier case was always in vogue: HC

Mumbai, February 26, 2016 CX - Least that is expected of last fact finding authority is to consider record of submissions in detail - Tribunal has failed to perform its duty and in accordance with law - Matter remanded: High Court

New Delhi, February 26, 2016 CX - Staff colony provided by company is directly and intrinsically linked to its manufacturing activity - Cost necessarily forms part of business expenditure - Consequently, services which were crucial for maintaining staff colony are Input services: CESTAT

Ahmedabad, February 26, 2016 CENVAT credit on Sales Commission - Explanation inserted in Rule 2(l) of CCR, 2004 by Notification No. 2/2016-CX (NT) is declaratory in nature and effective retrospectively - Appeal allowed: CESTAT

Mumbai, February 25, 2016 ST - 'BAS' is outsourcing in relation to externality of business entity while 'BSS' is outsourcing of internal activities - reimbursable is not attributable to BAS but to cost of product itself, therefore, falls outside scope of inclusion of 'gross amount charged': CESTAT

New Delhi, February 25, 2016 I-T - Whether assessee is to be treated as resident company within meaning of Sec 6(3) where management and control was wholly in Delhi Office - YES: HC

Mumbai, February 25, 2016 CX - It is undisputed that plastic waste and scrap generated during manufacture of final products are sent to job-worker and received back as granules which are further consumed in manufacture on which duty is paid - Benefit of notfn. 214/86 cannot be denied: CESTAT

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Trade Mark- Infringement of registered trademark is required to be considered by examining the overall commercial impression of two marks from standpoint of person of average intelligence and imperfect recollection: HC

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