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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New Delhi, October 12, 2015
Central Excise - Rebate - Both inputs and final products are entitled for rebate - 'OR' means 'AND' : Supreme Court
 
Mumbai, October 12, 2015
Cus - Secondhand SO2 Analyser imported for repairs is capital goods under para 9.12 of FTP, which includes 'instrument for testing, research, quality & pollution control' and are not restricted for import: CESTAT
 
Bangalore, October 12, 2015
I-T - Whether if Tribunal errs in making adverse inferences against Revenue and also assessee, such order stands vitiated - YES: HC
 
Mumbai, October 12, 2015
CX - Multilayered plastic collapsible tubes being fragile need to be protected during transport - Assessee clearing goods in special boxes over and above primary packing as per agreement with buyer - cost of secondary packing given specially at request of the customer not includible in AV: CESTAT
 
New Delhi, October 11, 2015
Re-Drawal of High Risk Area in Indian Ocean to save Rs 1500 Cr for merchant ships
 
New York, October 11, 2015
UN Report: Unemployment rate still above pre-financial levels
 
Chennai, October 10, 2015
Cus - Penalty is leviable, only if goods found liable for confiscation, are dutiable goods - There is no dispute that goods were not dutiable, by virtue of exemption notification - Penalty rightly set aside by CESTAT: High Court
 
Lima, October 10, 2015
G-20 Finance Ministers endorse BEPS Report; Heads of State to take a call on Nov 15 in Antalya
 
New Delhi, October 10, 2015
Diamonds are Forever, Only if they last!
 
New Delhi, October 09, 2015
Central Excise - Valuation - whether, by virtue of a transit insurance policy in name of manufacturer, excise duty is liable to be recovered on freight charges incurred for transportation of goods from factory gate to buyer's premises, treating buyer's premises as place of removal. No : Supreme Court
 
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Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.