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CBIC amends tariff value of silver; No change for other commodities High Level Official Delegation from Mauritius visits National Centre for Good Governance Govt hikes Minimum Wages vide enhanced VDA for unorganised workers TRAI mandates whitelisted URLs, APKS, or OTT links for SMS Traffic GST - 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: HC France backs India’s membership to Security Council GST - No opportunity of personal hearing as was requested while replying to SCN was given - Order set aside: HC Jaishankar calls for reforms of WTO, G20 & UN GST - 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: HC Family of 5 found dead in car in TN; Suicide suspected Alternative Global Value Chain - Is India going to be 'Next China'!IMF okays USD 7 bn loan to support Pak’s sinking economy Cus - Unreasoned order - Order spoke for itself - Revenue counsel tries his best to justify order but in the end had to throw in the towel: HC Bombay HC quashes govt clearance given after construction in Coastal area Prevent misuse of s.114AA of Customs Act Brazil keen to ink trade deal with EU GST - 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: HC Harris promises tax credit and investments to US manufacturers CBIC notifies HAG benefits to 22 IRS officers Nukes may deflect asteroid threatening earth: Scientists After Iranian death threat, Trump says Iran should be torn into pieces India, Australia working to strengthen ECTA through CECA: Goyal US Intel suggests Russia has secret war drones factory in China Survey reveals 31% Indians now use e-com platforms for ordering grocery India's coal imports see marginal increase amid surge in Power Generation


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Chennai, July 01, 2015 CX - Erroneous payment of duty on exempted goods does not make them non-exempted - No error in order of Tribunal in allowing exemption under Notification No 89/95 to waste & scrap arising in manufacture of such goods: HC

Chennai, July 01, 2015 Cus - Brokers Licencing Regulations - Under Regulation 20(1), notice to be issued within 90 days from date of receipt of offence report - SCN issued beyond 90 days is invalid and is quashed: HC

Mumbai, June 30, 2015 CX - Availment of fraudulent CENVAT credit of Rs.5.64 crores without receipt of inputs & showing purported clearance of inputs as such - it cannot be said that credit has been reversed as buyers would have taken credit - Pre-deposit ordered of 7.5%: CESTAT

Panaji, June 30, 2015 I-T - Whether if property is sold under duress at lesser value as it was under litigation, provisions of Sec 50C cannot be mechanically applied to tax capital gains - YES: ITAT

Mumbai, June 30, 2015 ST - Construction Service - Notification 1/2006 - There is no specific bar in notification to disallow CENVAT credit of tax paid on Input services for previous period - Tax paid on Input services received prior to 01.03.2006 and credit taken on 01.04.2006 is legal and proper: CESTAT

Mumbai, June 30, 2015 CENVAT - Rule 4 - C.I.Moulds were not in possession and use of appellant in subsequent year as same were rendered as scrap and cleared from factory - balance 50% of credit on said capital goods is not available and has been correctly denied: CESTAT

Chennai, June 29, 2015 Order passed by 'Designated authority' under VCES is appealable under Section 85 of Finance Act, 1994: High Court

Amritsar, June 29, 2015 Income tax - Whether fact that objects of assessee trust may be hit by proviso to Sec 2(15), can have any bearing on grant of registration u/s 12AA - NO: ITAT

Chennai, June 29, 2015 Suppression of facts - SCN issued after a period of two and half years after assessee had voluntarily disclosed their affairs is not barred by limitation - High Court upholds order of Tribunal

New Delhi, June 28, 2015 ST - Notification 1/2006 - Reversal of CENVAT credit along with interest at later date also amounts to non-availment of credit - Benefit of exemption available: CESTAT

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September 26, 2024

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