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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, January 15, 2016 ST - Same inquiry is made from various assessees and is of a roving nature - Board Circulars are binding on adjudicating authority - VCES-1 declaration could not have been rejected by Commissioner by citing section 106(2)(a) of FA, 2013: CESTAT

Allahabad, January 14, 2016 CX - Since proceedings were not happily conducted by CCE, Kanpur, High Court directs that adjudication proceedings be transferred to CCE, Lucknow: High Court

Allahabad, January 14, 2016 Cash seized during search - False certificate issued by Chartered Accountant that it was share application money - Penalty of Rs 50 lakhs imposed u/r 26 of CE Rules on CA rightly set aside by Tribunal - High Court

Mumbai, January 14, 2016 ST - Since rate of duty is not under dispute for claiming refund under notifn No 41/2007, in terms of Sec 35D(3) appeal does not lie before division bench & shall be heard by single member subject to condition that amount involved is less than Rs 50 lacs: CESTAT

New Delhi, January 14, 2016 I-T - Whether interest on FDRs can be taxed as 'income from other sources', when assessee has clearly shown that FDRs on which such interest were placed with bank as margin money for procurement of various capital goods for setting up of power project - NO: HC

Chennai, January 14, 2016 Cus - Mixed Waste Paper imported by availing concessional rate of duty under Notifn No 21/2002 - Benefit of exemption is not admissible to plastic waste and cloth waste contained in consignments - Demand of duty upheld: CESTAT

Mumbai, January 13, 2016 CX - Removal of moisture is process that would render product marketable to customers - activity falls within ambit of Ch. Note 10 of Ch. 29 as being manufacture - no cause for treating removal as clearance of inputs as such: CESTAT

Kolkata, January 13, 2016 Income tax - Whether even if assessee is able to explain excess cash found during Survey by furnishing cash-flow statements, addition made u/s 69A can be sustained - NO: ITAT

Chennai, January 13, 2016 Cus - Export duty on Ilmenite - Regulating size or removing unwanted materials amounts to beneficiation - Goods attract duty at 5% as upgraded Ilmenite - Not at 10% as unprocessed Ilmenite as contended by Revenue: CESTAT

Hyderabad, January 12, 2016 I-T - Whether date of agreement and not date of execution of sale deed is to be considered for purpose of adopting SRO value u/s 50C - YES: ITAT

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