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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 03, 2015 ST - Sec 87 - Unless and until there is crystallization of demand by proper adjudication order and on hearing Petitioner, there was no question of any recovery - letters addressed to bank to freeze current accounts of petitioner are quashed & set aside: HC

New Delhi, December 03, 2015 Competition Law - Whether spares and after sales services can be treated as relevant separate market, when consumers are able to determine total life cycle cost of product and OEMs are not charging exorbitant prices for spare parts: NO is answer

Mumbai, December 03, 2015 I-T - Whether professional fee paid for registration of copyright is capital expenditure and hence entitled for depreciation - YES: ITAT

Mumbai, December 02, 2015 CX - Parts of scania trucks, dumpers & dozers are covered by definition of automobile - fact that these parts are not put in container is immaterial - Putting tag would amount to labelling goods & amounts to manufacture - goods are subject to assessment u/s 4A: CESTAT

Mumbai, December 02, 2015 ST - If assessee is not put to notice under which category ST is sought to be demanded, conclusion reached by first appellate authority that new case cannot be made is correct and does not suffer from any infirmity - Revenue's appeal rejected: CESTAT

Mumbai, December 02, 2015 CX - Respondent was manufacturing goods on job work basis which were not exempt but dutiable and duty was paid by customer and, therefore, it cannot be said that capital goods were exclusively used in manufacture of exempted goods - Credit correctly taken: CESTAT

New Delhi, December 02, 2015 SEBI: Whether transaction of buyback of shares of target company & price at which it was acquired warrants compulsory disclosure in public announcement of further acquisition of shares in such company, when buyback had taken place within 26 weeks prior to date of announcement - YES: SC

New Delhi, December 01, 2015 Capital Market - Whether failure in furnishing documents, returns or reports to SEBI is a 'continuing default' under Pre-amended Sec 15A of the SEBI Act - NO: SC

Mumbai, December 01, 2015 I-T - Whether difference between sum claimed for repairs due to fire from insurance company and sum actually granted is allowable under Ss 31 or 32 - YES: HC

Mumbai, December 01, 2015 ST - Conducting charges - Arrangement is of such nature that KSM's distillery unit is taken over for conducting and managing - Assessee is, therefore, responsible for any profits being generated or losses sustained - Nature of transaction, therefore, would not fall within BSS: HC

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