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, August 23, 2015
Growing onion tears: Import of onions - Govt to open tender on Thursday; decides to hike Min Export Price to USD 425 per MT
 
Mumbai, August 23, 2015
Cus - Pre-deposit - Board Circular 984 applies to appeals filed after amendment of section 129E of Custom Act on 6.8.2014 - Tribunal is not inclined to review own Order: CESTAT
 
New Delhi, August 22, 2015
Cus - Oracle case - To raise pure interpretational disagreement regarding valuation to status of offence case of evasion alleging suppression does not augur well for image of Department and negatively impacts ease-of-doing-business environment: CESTAT
 
Ahmedabad, August 22, 2015
CENVAT - Activities undertaken by distributors of appellant are purely distribution and have no element of sales promotion and, therefore, CENVAT credit taken with respect to commission paid to such distributors is not admissible: CESTAT
 
Mumbai, August 22, 2015
Cus - As appeal has been restored after amendment of Sec 129E in August 2014, appellant directed to pay 7.5% of penalty in compliance to provisions of sec 129E: CESTAT
 
Indore, August 21, 2015
Cus - Mere existence of power of confiscation not sufficient to justify harsh conditions unless case is shown - Order to retain 25% of value of goods (seized) as security in lieu of BG is highly onerous condition which makes relief of provisional release nugatory: High Court
 
New Delhi, August 21, 2015
Whether service tax can be levied on indivisible works contracts prior to introduction, on 1st June, 2007 - NO - Supreme Court
 
Mumbai, August 21, 2015
ST - Agreement entered by appellant with Star India very categorically STATES that appellant was commissioned for producing programme 'Antakshari' - ST liability under category of 'Programme Producers Service' correctly determined: CESTAT
 
New Delhi, August 21, 2015
I-T - Whether if assessee-firm makes contribution to a not-for-profit organisation for creating awareness about its activities, such expenditure is allowable u/s 37(1) - YES: HC
 
Ahmedabad, August 21, 2015
In absence of any appeal filed by revenue against order of High Court in Indsur Global Ltd case, ratio of same holds field - No error in order of Tribunal relying on Indsur Global - Revenue appeal has no merit: High Court
 
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Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.