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, May 27, 2015
ST - Refund - Even though appellant received payment in Indian rupees but in view of FEMA notifications same is deemed to be convertible foreign exchange and accordingly condition as provided under Rule 3(ii) of Export of Services Rules, 2005 stands complied: CESTAT
 
Mumbai, May 27, 2015
CX - MP3 CD-ROMs contain only audio songs which can be played on any CD player, these discs are neither interactive nor is it possible to manipulate details in such CDs - they cannot be considered as 'software' so as to be classified at Nil rate of duty: CESTAT
 
Mumbai, May 27, 2015
Income tax - Whether settlement application u/s 245C would turn invalid if notice u/s 148 has already been served upon assessee before filing of such application - YES: HC
 
Kolkata, May 27, 2015
Cus - CHA Licence - Licence revoked for CHA's role in fraudulent import of cars - No charge against CHA proved except charge of exercising due diligence - Licence restored: CESTAT
 
New Delhi, May 26, 2015
Haryana Sales Tax - Assessment Order reached finality - Refund should not have been ordered by High Court when assessment order is not set aside: SC
 
Mumbai, May 26, 2015
ST - Order passed by Tribunal is for re-credit of amount to appellant and only for limited purpose of quantification matter was remanded - since adjudicating authority has already quantified amount, appellant can take credit of Rs 80 Cr in CENVAT records: CESTAT
 
Mumbai, May 26, 2015
I-T- Whether losses suffered by Sec 80IA unit can be set off against profit from manufacturing unit not covered under provisions of Sec 80IA - YES: HC
 
Mumbai, May 26, 2015
CX - Duty demand upheld - Appellant submitting that sine qua non for invoking extended period & imposing penalty u/s 11AC is one & same - as order was passed after considering all material facts and judgements, no patent mistake exists: CESTAT
 
Mumbai, May 25, 2015
Income tax - Whether lumpsum commission or one time payment made to Director of company does not attract mischief of Sec 40(c) - YES: HC
 
Mumbai, May 25, 2015
ST - Maintenance or repair of Computer Software - ST is not payable for period 9.7.2004 to 6.11.2005 under category of 'Maintenance or Repair' service: CESTAT
 
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