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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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New Delhi, October 30, 2014 CENVAT on capital goods used in manufacture of exempted goods - Credit not deniable if at time of receipt, appellant had intention to use machinery for manufacture of dutiable as well as exempted goods - Matter remanded: CESTAT

Mumbai, October 29, 2014 ST - In Notfn 11/2010 expression 'for' means 'for purpose of' - Transmission, as per Electricity Act includes conveyance of electricity by transmission lines and includes setting up of sub-stations to accommodate transformers, therefore, activity of industrial construction in this regard also stands exempted: CESTAT

Mumbai, October 29, 2014 ST - Appellant places ads for clients in various media - On volume discounts, rate difference and amounts written back, demands under BAS cannot be sustained as these are either incentives or accounting adjustments and not consideration for any services: CESTAT

Mumbai, October 29, 2014 Cus - Conversion of Shipping Bill for duty free goods into SB for drawback - Only Division Bench, not single member bench, can hear such case: CESTAT

Mumbai, October 29, 2014 Income tax - Whether if a contract for sale or purchase is ultimately settled and no actual delivery of goods is effected under settlement, it is to be treated as speculative transaction - YES: ITAT

Mumbai, October 29, 2014 Service provided is essentially supply of drilling rig along with personnel to operate same on charter hire basis & payment for services is made on per day basis - activity comes within scope of 'Supply of Tangible goods for use': CESTAT

Mumbai, October 28, 2014 ST - BNP Paribas secured loan amount lent to appellant through COFACE, France by paying insurance guarantee - Service receiver is BNP Paribas and service provider is COFACE, France & appellant is only beneficiary of transaction - appellant is not liable to pay ST under Reverse Charge: CESTAT

New Delhi, October 28, 2014 CENVAT - Slitting & pickling not manufacture - CENVAT credit availed of duty paid on HR coils or sheets for discharging duty on HR slitted and pickled coils is not required to be reversed: CESTAT by Majority

Mumbai, October 28, 2014 CENVAT - Rule 57G - time limit of six months would be applicable even for consignment which had arrived before introduction of procedural restriction: CESTAT

Pune, October 28, 2014 I-T - Whether benefit conferred on assessee by way of conversion of loan into grant by Govt for maintaining SLR so as to enable assessee to carry out banking would constitute capital receipt and hence not liable to tax - YES: ITAT

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