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, December 19, 2014
ST - SCN and orders sent by Speed Post is not valid service - COD applications allowed - Two SCNs were served personally to applicant - on same issue, as Tribunal has confirmed ST demand in case of Reliance Michigan JV, on merits, revenue has case - Pre-deposit ordered: CESTAT
 
Chennai, December 19, 2014
Income tax - Whether if assessee makes wrong claim of royalty which actually pertained to earlier AYs, it is fit case to attract penalty if assessee fails to give valid reasons for making such claims twice - YES: HC
 
Mumbai, December 19, 2014
CX - Sika Latex & Sika Latex Power are manufactured goods and chargeable to CE duty - addition of water to Inputs is not simple process otherwise even customers could have done same while using it - matter remanded for extending cum-duty benefit: CESTAT
 
Mumbai, December 18, 2014
ST - Appellant manufactures liquid gases - as customers do not have cryogenic tanks for storage, appellant leases & earns rent on tanks - no ST payable under Storage services as appellant has no control on goods in tank: CESTAT
 
Chennai, December 18, 2014
Income tax - Whether even if there is no transfer of property rights to power agent, capital gains can be taxed in his hand - NO: HC
 
New Delhi, December 18, 2014
CX - Banding of soap cakes with tapes pre-printed with brand & MRP of combo pack amounts to manufacture - appellant, however, paying ST on it - since appellant is in specified area of HP they are entitled for benefit of exemption - non-filing of declaration is curable defect: CESTAT
 
New Delhi, December 17, 2014
VAT - Whether mobile battery charger is integral part of cell phone and not an accessory and thus it is eligible of concessional rate of tax - NO: Supreme Court
 
Mumbai, December 17, 2014
ST - Commercialisation of practice of law - aspect that Advocate is an officer of Court and part of administration of justice has not been brushed aside by Parliament - Rather by rational differentiation it has proceeded to impose ST on legal services - Petitions dismissed: HC
 
Mumbai, December 17, 2014
CX - Aluminium dross and skimmings are not excisable - Tribunal has reached conclusion, which, no reasonable person in position could have reached - LB order quashed, Board Circulars of 2009 & 2011 cannot survive: HC
 
Mumbai, December 17, 2014
ST - Payments were made by ONGC to MPT merely for use of port limits to lay pipelines under land & seabed and not for receiving any service - Term 'wharfage' used is merely to determine compensation and not to determine nature of service: CESTAT
 
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