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 07, 2015
Cus - Rejection of application for grant of Customs Broker's licence - only broker can file appeal before CESTAT against order of suspension - Applicants are not brokers - prima facie appeal does not lie before Tribunal: CESTAT
 
Mumbai, July 06, 2015
Customs Broker Licence - Very purpose of inserting a requirement of passing a written as well as oral examination is defeated, if, within a reasonable time from candidate being successful thereat, a licence is not issued to him: High Court
 
New Delhi, July 06, 2015
Service Tax - Show Cause Notice and Adjudication order should specify alleged service for which tax is payable: CESTAT
 
Chennai, July 06, 2015
Credit availed capital goods given on lease - No requirement to reverse CENVAT Credit under Rule 3(5) - High Court upholds ratio of Tribunal
 
Hyderabad, July 06, 2015
VAT - Whether land, being immovable property and not falling within definition of goods under Sec 2(16), is liable to tax under Sec 4(7)(a) - NO: HC
 
Mumbai, July 06, 2015
ST - Supply of models for advertising of products or acting in TV serials/films is not covered under taxable service of 'Manpower Recruitment Agency' during period 2001-02 & 2002-03 and became taxable only from 16.06.2005 - Appeal allowed: CESTAT
 
New Delhi, July 05, 2015
Marine exports earned USD 5.5 bn forex last fiscal
 
New Delhi, July 05, 2015
Govt clears more Defence Licenses worth Rs 613 Crore
 
Mumbai, July 04, 2015
CX - Revenue is unaware about disposal of appeal - Misc. application for re-calling of order is infructuous and, therefore, dismissed: CESTAT
 
Kolkata, July 04, 2015
DGFT Pravir Kumar urges exporters to look beyond Europe to boost exports
 
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TIOL Tube brings you an interview with former US Secretary of Treasury, Mr. Larry Summers who was recently in Delhi.

AR not Afar by SK Rahman



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