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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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New Delhi, November 18, 2015 Interest Tax - Whether interest payable on a discounted bill of exchange can be equated with interest payable on a loan or advance - NO: SC

Mumbai, November 18, 2015 ST - Dy RTO has categorically stated that vehicles operated by appellants cannot be considered as Tourist vehicles, therefore, pre 10.09.2004 activity is not leviable to tax: CESTAT

Jaipur, November 18, 2015 I-T - Whether when assessee claims Sec 54F benefits for three plots of land, located at different places, such claim amounts to furnishing of inaccurate particulars, warranting penalty u/s 271(1)(c) - YES: ITAT

Mumbai, November 18, 2015 ST - Refund - Notification 11/2005 - Relevant date for refund in case of rebate is from date of payment of ST on taxable services exported and not from date when consideration was received by FIRC: CESTAT

New Delhi, November 18, 2015 CX - Clandestine manufacture of Khaini - A foundational fact that would have to be shown to exist for attracting deeming fiction u/r 18(2) is that goods were found to have been 'manufactured in or cleared from' premises searched - Tribunal to hear appeal without pre-deposit: HC

Mumbai, November 17, 2015 ST - s 73(3) - Amount of tax paid along with interest before issuance of SCN - When SCN itself should not have been issued there is no question of imposing any penalty - Penalties imposed under Ss 76, 77, 78 set aside & appeal allowed: CESTAT

Mumbai, November 17, 2015 ST - Appellant, Association of Housing Industry, conducts exhibitions for builders who are members as well as non-members - charges fees - No liability arises on sum from members but on fees collected from non-members liability arises: CESTAT

Allahabad, November 17, 2015 I-T - Whether exemption u/s 10(23C)(vi) can be denied to a Society running only educational institution on mere pretext that it is making profit - NO: HC

Mumbai, November 17, 2015 CX - By-product furnace gases cleared under exemption - Credit of that quantity of inputs shall be allowed which is required for manufacture, irrespective of fact that certain by-products emerge - no cause for invoking rule 6(3): CESTAT

New Delhi, November 16, 2015 CX - Finalisation of provisional assessments - Inter se adjustment of excess and short payment is allowed : CESTAT by majority

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