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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Mumbai, July 15, 2015
COFEPOSA - One word or sentence from detention order cannot be picked up and read in isolation or torn out of context - subjective satisfaction is based on detaining authority's opinion that it is necessary to detain detenu so as to prevent him from indulging in smuggling in future: HC
 
Bangalore, July 15, 2015
ST - Action under Sec 87 before adjudication of SCN is like putting cart before horse - Recovery notices under Sec 87 quashed and department directed to remit amount recovered in respective accounts: High Court
 
Chennai, July 14, 2015
Fixed Facility Charges collected in relation to supply of Industrial gases - Whether Service Tax payable under 'supply of tangible goods for use' - Prima facie case for waiver of pre-deposit since applicant has discharged excise duty on value of FFC - Stay granted - Tribunal
 
Ahmedabad, July 14, 2015
I-T - Whether when assessee sells SIM cards to distributor, he is not paying any commission and in that case no income accrues or arises in hands of distributor - YES: ITAT
 
New Delhi, July 14, 2015
CX - Sugar Mill and co-generation plant situated across public road are connected through overhead conveyor - both units have to be treated as one factory - CENVAT of capital goods and services used for setting up power plant admissible: CESTAT
 
New Delhi, July 13, 2015
Setback for Vijay Mallya - Apex court imposes cost; Whether culpability u/s 56 is not vitiated by dropping of charges under other Sections of FERA - YES, rules SC
 
Mumbai, July 13, 2015
ST - Whether composite contract of 'Ship Management service' can be vivisected for period prior to 01.05.2006, when such service was not taxable, and taxable component like 'Repair' be charged to tax separately - Difference in opinion: CESTAT
 
Mumbai, July 13, 2015
Cus - Merely having a winch does not lead to conclusion that vessel is a tug - Supply & passenger ships can also have winch - Clarification given by Ministry can by no means be discarded – 'Offshore Hunter' is correctly classifiable under CTH 8901 & exempted under Not 21/2002: CESTAT
 
Kolkata, July 13, 2015
Income tax - Whether when revised return includes an expenditure disallowable u/s 37(1) it would automatically follow that inaccurate particulars were furnished even in originally filed return - YES: HC
 
New Delhi, July 13, 2015
CX - Power grid to whom electricity is sent for synchronization is to be treated as job worker - since electricity was returned back to factory there is good compliance - Credit availed on fuel used in generation of electricity cleared to Board is admissible: CESTAT
 
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