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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Ahmedabad, February 25, 2015
ST - Even in case of clandestine removals, CENVAT credit of inputs or input services, during period of offence, is allowed to be abated from total duty demanded and interest payable is computed only on duty finally determined - interest not payable since sufficient balance in CENVAT account: CESTAT
 
Chennai, February 25, 2015
CX - exemption under Notification 6/2002 for edible oils put up in unit containers - no interference with concurrent findings of fact of three lower authorities : HC
 
Mumbai, February 24, 2015
Cus - Recovery proceedings for escaped Anti-dumping duty can be initiated even afer expiry of ADD Notification - Rule 2(a) of General Interpretative Rules of CTA, 1975 can be invoked for levy of ADD: CESTAT
 
Allahabad, February 24, 2015
Income tax - Whether if Income Tax Department seizes India Development Bonds during Search as undisclosed income, it is to be construed as money laundering - YES, rules Full Bench of High Court
 
New Delhi, February 24, 2015
CX - Merely because contract provided that price at which PSC pipes are to be supplied shall be inclusive of all taxes, it cannot be presumed that price also included excise duty - demand u/s 11D prima facie not sustainable: CESTAT
 
Mumbai, February 24, 2015
Income tax - Whether matter requires fresh consideration when there exists confusion about fact that Settlor and beneficiary is one and same - YES: ITAT
 
Mumbai, February 24, 2015
ST - Authorised service station - Section 67 mandates levy of ST on value or consideration received for rendering services - any consideration received for supply of goods is not covered within its scope: CESTAT
 
Kolkata, February 23, 2015
Tunnel Boring Machine imported for drinking water supply project - Duty paid by mistake though duty is Nil - Limitation does not apply - Even as per Article 113 of Limitation Act, importer has 3 years time from date of discovery of mistake: HC
 
Mumbai, February 23, 2015
ST - Refund - Vodafone case - Revenue pays interest of Rs.4,37,95,262/- against the refund claim of Rs.5,45,77,651/-
 
Mumbai, February 23, 2015
ST - Operating Helicopter on charter basis for transport of passengers would merit classification under 'Supply of Tangible Goods for use' - ST demand upheld - Penalty is imposable: Tribunal by Majority
 
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