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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, December 16, 2015 I-T - Whether merely not receiving money in India can render assessee free, although documentary evidence seized during search raises a strong presumption that assessee held bank accounts in Switzerland and indulged in cross border transactions - NO: ITAT

Mumbai, December 16, 2015 ST - Respondent received Rs 7 Cr as commission from RBI for sale of bonds - Undoubtedly, no ST was paid on said amount & accordingly conclusion reached that entire amount needs to be considered as cum-tax amount is correct conclusion: CESTAT

Mumbai, December 16, 2015 CX - s.4 - Valuation - Amount received by appellant towards third party inspection charges undertaken at instance of buyer is not includable in transaction value: CESTAT

Mumbai, December 16, 2015 Cus - Certificate issued by SAI certifying that import is being made by Tennis Association - There is no doubt that AITA has used goods for tennis court to be used in international competitions - as conditions of notification 146/94 fulfilled, benefit is admissible: CESTAT

New Delhi, December 15, 2015 Govt makes PAN quoting mandatory for all transactions exceeding Rs two lakhs; hikes limits for many transactions from Jan 1, 2016

New Delhi, December 15, 2015 CX - Seizure of sale proceeds of clandestinely manufactured goods - Power applicable for seizure is equally applicable for provisional release - Absence of provision for release of currency under Excise Act is irrelevant: CESTAT

New Delhi, December 15, 2015 Central Excise - Process of cold-rolling on hot-rolled stainless steel patta/pattis amounts to 'manufacture' : Supreme Court

New Delhi, December 15, 2015 CX - Clandestine removal - There is no provision in CEA, 1944 that raises presumption and shifts burden on to person who is charged with clandestine removal of excisable goods: High Court

New Delhi, December 15, 2015 Customs - Revocation of CHA licence - Investigation disclosed gross mis-declaration of goods in terms of quantity, quality and value to defraud government by availing inadmissible drawback amount of over Rs. 34 Lakhs - Revocation of license is justified: CESTAT

Ahmedabad, December 15, 2015 I-T - Whether when certain products commercially known as 'scrap' are 'usable as such' during process of ship breaking, they would still be considered as 'waste and scrap', as envisaged in Explanation to Sec 206C(1) - NO: HC

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