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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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Cuttack, January 21, 2015 ST/CUS/CX - Speed Post is also Registered Post - only difference is charges payable & speed of delivery - Service of notice by Speed Post to be considered as equivalent to registered post - Amendment in sec 37C is clarificatory: HC

Mumbai, January 21, 2015 Cus - Refund - Goods imported in July 2008 and SAD paid - later, goods were detained - it was only after HC ordered provisional release in March 2010 that goods were sold & refund claim was filed - claim within time: CESTAT

Bangalore, January 21, 2015 I-T - Whether rental income derived from temporary sublease of office premises is to be treated as part of business, eligible for Sec 10A benefits - YES: HC

Mumbai, January 21, 2015 CENVAT - Duty paid PU foam blocks cut into different sizes & cleared under CH 39.26 by utilizing credit - credit denied by holding that activity is not 'manufacture' - having accepted duty, appellant rightfully eligible for credit: CESTAT

Mumbai, January 20, 2015 Cus - Valuation - Related persons - In contract entered into with related foreign suppliers, appellant has freedom to procure raw-materials from any person, so long as quality is maintained - wrong to say that relationship has influenced supply price of raw materials: CESTAT

New Delhi, January 20, 2015 Service Tax - Airport Authority of India loses huge case in CESTAT

Mumbai, January 20, 2015 Income tax - Whether when Revenue finds during investigation that assessee is beneficiary of accommodation entry it is sufficient to conclude absence of true and full disclosure of all facts by assessee - YES: HC

Mumbai, January 20, 2015 CX - Valuation - Glues & Adhesives - Appellant's stand that exemption u/r 34 of SWAM Rules, 1977 is not mandatory is not acceptable - as appellants are marking packages as 'Industrial Use', they are exempted from affixing MRP and, therefore, goods have be valued u/s 4: CESTAT

Mumbai, January 19, 2015 CENVAT - Although Steatite Ceramics are capital goods & appellants are entitled to take only 50% credit in first year, they have taken full credit - since they are entitled to balance credit in subsequent year, at the most, interest for intervening period is payable: CESTAT

Ahmedabad, January 19, 2015 Income tax - Whether benefit of deduction u/s 32AB can be extended to term loans taken against trucks and tankers - YES: HC

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September 26, 2024

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