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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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Mumbai, February 11, 2016 ST - Notification 12/2005 does not indicate that an assessee has to export services on or after 19.04.2005 to avail benefit of rebate of CENVAT credit - in absence of specific embargo substantial benefit should not be denied: CESTAT

New Delhi, February 11, 2016 SICA & SARFAESI Act - Whether reference pending before Board for Industrial & Financial Reconstruction can be revived once secured creditors of company have initiated steps u/s 13 of SARFAESI Act - NO: SC

Mumbai, February 11, 2016 I-T - Whether sum received by assessee at time of retirement can be treated as 'non-compete fee' even if he has continued to serve his employer for nine months after retirement and his age was about 83 at time of retirement - NO: HC

Mumbai, February 11, 2016 CX - Quantum of deemed credit revised by amending notification but appellant availed credit as per earlier notification - credit reversed upon being pointed out - no malafide can be attributed to impose penalty - interest, however, payable: CESTAT

Chennai, February 11, 2016 Cus - Classification - 'Paddle Wheel Aerators' used in aqua farming are classifiable as agricultural equipment under CTH 84368090 - aqua farming is an integral part of agricultural activity: CESTAT

Mumbai, February 10, 2016 ST - New entry of Mergers and Acquisitions (M&A) extends coverage of service tax and is not result of carving out new entry from Management Consultancy Service - ST is not payable on M & A Services prior to 16.7.2001 under category of 'Management Consultancy Service': CESTAT

Chennai, February 10, 2016 Customs - Goods imported against forged DEPB Licences purchased from open market - Appellant has not taken any precaution - Supreme Court decision in Aafloat Textiles followed - Hico Enterprises distinguished - Demand upheld: CESTAT

Mumbai, February 10, 2016 ST being destination based consumption tax, in case of exports there should not be any tax burden and tax burden, if any, is to be imposed by Govt. of country where services are consumed, otherwise, it would render exports of software uncompetitive - Refund admissible: CESTAT

Chennai, February 10, 2016 I-T - Whether when interest is paid to banks in India, payment made on foreign currency loan taken from foreign banks is exempt from provisions of Sec 194A - YES: ITAT

Chennai, February 10, 2016 CX - 100% EOUs are entitled to clear goods in DTA without payment of duty under Notification No 43/2001 CE(NT) - Revenue contention that Notification is not applicable to EOUs is not correct: CESTAT

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