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, July 25, 2015
Mauritius, Singapore continue to be routes for more than 50% of FDI inflows in India
 
Geneva, July 24, 2015
WTO Members cork historic USD 1.3 trillion information technology trade deal
 
Mumbai, July 24, 2015
Cus - HC expresses anguish - Quashes SCN lying un-adjudicated for 17 years - Petitioner can apply for refund of Rs 2 Cr, deposited under protest in 1996, with interest - Secretary in MoF to initiate proceedings so that all guilty of causing loss to public exchequer are brought to book: HC
 
Chennai, July 24, 2015
Cus - Non-implementation of orders of HC - Exemplary cost of Rs 1,00,000 imposed on department - HC grants liberty to recover it from officers responsible
 
Mumbai, July 24, 2015
ST - Interpretation of Revenue that there is no manufacture involved as defined u/s 2(f) and, therefore, ST is payable under BAS is totally incorrect inasmuch as medicines containing alcohol are 'manufactured' by appellants as per provisions of Drugs and Cosmetics Act: CESTAT
 
Bangalore, July 24, 2015
I-T - Whether if sum invested in bank to earn interest is not due to any Member of Society, such income is attributable to business of banking and is eligible for Sec 80P(1) benefits - YES: HC
 
Ahmedabad, July 24, 2015
CENVAT - It is beyond comprehension that man will get invoices without inputs and separately acquire inputs clandestinely from other sources to manufacture his goods - Appeal allowed: CESTAT
 
New Delhi, July 23, 2015
Service Tax - Wharfage charges collected by Gujarat Maritime Board, not taxable under 'port services' : Supreme Court
 
New Delhi, July 23, 2015
Central Excise - Adjudication Order served on 'kitchen boy' of assessee, is not proper service: Supreme Court
 
Chennai, July 23, 2015
Classification of Coal - High Court stays order of Tribunal referring matter to Larger Bench
 
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AR not Afar by SK Rahman



Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.