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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New Delhi, December 07, 2014
Dispute Settlement - History made - 1.25 Crore long-pending cases settled in single day by Lok Adalat
 
Ahmedabad, December 07, 2014
ST - Whether activity of foreclosure of loans is a service classifiable under Financial Services and whether charges collected therefor are liable to ST - matter referred to Larger Bench: CESTAT
 
New Delhi, December 06, 2014
Railways identifies several projects for 100 % FDI
 
Mumbai, December 06, 2014
CENVAT - Post 01.04.2011 what is excluded under clause (C) of Rule 2(l) is only services 'primarily for personal use or consumption of any employee' - ST to extent of cost of Catering Services borne by company & not recovered from employees is admissible as credit: CESTAT
 
Chennai, December 05, 2014
Rejection of VCES declaration on ground that issue was detected from audit of third party unit conducted before cutoff date - As on date when application was filed, there was no audit as against petitioner - Rejection order set aside: HC
 
Jaipur, December 05, 2014
Income tax - Whether amount paid to RBI under rediscounting scheme can be considered as part of chargeable interest u/s 2(7) of Interest Act - NO: HC
 
Mumbai, December 05, 2014
CX - Cus - ST - Stay application dismissed as infructuous as applicant is required to make mandatory pre-deposit of duty or penalty: CESTAT
 
New Delhi, December 04, 2014
Task Force on leveraging Post Offices Network calls for setting up three subsidiaries for banking, insurance & e-commerce
 
Ahmedabad, December 04, 2014
SEZ - Goods cleared in DTA - Entitled for exemption from CVD notwithstanding bar u/s 5A of CEA, 1944 - Omission to omit reference to SEZ in Sec 5A is legislative oversight: HC
 
Mumbai, December 04, 2014
CX - s.4 - Appellant sells parts of pistons to Group Cos - appellant, Pvt Ltd and buyer, Public Ltd cannot be called as related persons u/s 2(41) of Companies Act - no cause for valuation u/r 8 of Valuation Rules, 2000: CESTAT
 
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Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.