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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Mumbai, December 30, 2015
CX - It could hardly have been intention of Govt to segregate rebate matters into two categories for appeal purposes - In respect of rebate on goods supplied from DTA to SEZ, appeals would not lie to Tribunal: CESTAT Larger Bench
 
Ahmedabad, December 30, 2015
ST - Jetty is used within port for loading and unloading of goods from vessel - Port cannot function without jetty -CENVAT credit on inputs and capital goods used in construction of jetty is eligible for output service, namely Port service: CESTAT
 
New Delhi, December 30, 2015
I-T - Whether construction of multi-storey building and sale of flats can be characterized as 'an adventure in nature of trade' and receipt is to be treated as business income even if assessee had no intention to exploit plot as commercial venture - NO: HC
 
Mumbai, December 30, 2015
Cus - Smuggling of Red Sanders - Without any order being made in pursuance of adjudication, coercive measures of freezing bank a/c cannot continue - Even if Petitioner is alleged to have indulged in smuggling, he has to be proceeded against in accordance with law: High Court
 
Mumbai, December 30, 2015
CX - Appellant purchasing furniture from M/s Interscape which were confiscated by adjudicating authority with an option to pay RF of Rs.2.5 lakhs - as Tribunal has already set aside CE duty demand against M/s Interscape, nothing survives for holding that goods are liable to confiscation: CESTAT
 
Mumbai, December 29, 2015
Cus - Order passed after 16 months from date of personal hearing - since Revenue's orders have immediate impact and parties ought to know their position in financial year to year, it is not proper that such an enormous delay should take place - Order quashed: HC
 
Mumbai, December 29, 2015
Cus - Letter of Deputy Head, Trade Investigation, HK bears Caveat to effect that said document is not to be used in any proceeding & if caveat free report has to be obtained, procedure under Mutual Legal Assistance ordinance ought to be followed: CESTAT
 
Bangalore, December 29, 2015
I-T - Whether when law u/s 153 provides a max period of three years for completion of assessment & reassessment, a period of four years is to be construed as reasonable period of limiation in such a case - YES: HC
 
Ahmedabad, December 29, 2015
Gujarat Sales Tax - Whether assessee is liable to additional tax u/s 4 on sales which are exempted by Entry pursuant to Notification u/s 49(2) - NO: HC
 
Mumbai, December 29, 2015
ST - MSRTC providing buses on hire to schools for conducting educational trip - such services are excluded from purview of Tour Operator service/Rent-a-cab service - Order of Commissioner (A) upheld and Revenue appeals rejected: CESTAT
 
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