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, October 15, 2014
Income tax - Whether interest payment towards delay in paying sale consideration after slump sale is effected and plant is in operation, is to be treated as revenue in nature - YES: HC
 
New Delhi, October 15, 2014
Customs - Import of hospital equipment under duty exemption - Diagnostic centre also eligible: Supreme Court
 
Mumbai, October 15, 2014
ST - Debit note mentions different amounts in figures and words - Demand raised on difference - no steps taken to verify as to what amount has been paid by service recipient although both under same jurisdiction - Matter remanded for verification: CESTAT
 
Mumbai, October 14, 2014
ST - What is promoted by applicant is residential & commercial complexes & amusement park - Prima facie, products in question are not 'goods', therefore, levy of ST under BAS is not sustainable: CESTAT
 
New Delhi, October 14, 2014
FERA - Statement might be fictitious creation of Enforcement Directorate - Statements not to be believed unless there is independent corroboration: SC
 
Hyderabad, October 14, 2014
Income tax - Whether sovereign power of State to levy tax can be extended to level of regulating conduct of a citizen to such an extent of verification that is equivalent to one which is made by police against an accused - NO: HC
 
Mumbai, October 14, 2014
ST - Applicant is required to pay ST as service recipient is located in India and service has been provided in India - Pre-deposit ordered of Rs 6 cr: CESTAT
 
Mumbai, October 13, 2014
ST - Issuance of driving licence by applicant on behalf of Govt of Maharashtra prima facie is not an activity of business, therefore, same does not qualify under BAS or BSS - Pre-deposit waived and stay granted: CESTAT
 
Allahabad, October 13, 2014
Central Excise - MODVAT or CENVAT credit taken on basis of certificate issued by DRI valid: High Court
 
Mumbai, October 13, 2014
CX - Refund of unutilized credit is only permissible in case of export of goods and not for any other reason - Refund in cases of closure of factory is not provided under the statute - Appeal dismissed: CESTAT
 
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