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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Hyderabad, October 07, 2014
Central Excise - Appeals - Commissioner (Appeals) should not have expressed an opinion different from order of High Court: Andhra Pradesh HC
 
Mumbai, October 06, 2014
ST - Appellant is not providing any technical aid or consultancy service to ONGC as they are not analyzing any data collected by them - such activity does not qualify under Consulting Engineer, hence, ST not payable: CESTAT
 
New Delhi, October 06, 2014
I-T - Whether collection of innovative ideas and development of academic gadgets for nursery school can be construed as technical knowhow and thus, depreciation is allowable - NO: ITAT
 
Mumbai, October 05, 2014
Cus - Restricted goods when imported under Customs Bond for purpose of re-export, provision of Insecticides Act is not attracted - Appeal allowed with consequential relief: CESTAT
 
Mumbai, October 04, 2014
Cus - Decision pertaining to GST cannot be applied to import transaction - Customs duty is destination based tax and levy is imposed where goods are consumed - since pipe lines are used in India, they are liable to duty: CESTAT
 
Rome, October 04, 2014
State of Global Economy - One in every Nine suffers from Hunger: FAO
 
New Delhi, October 03, 2014
Prime Minister Jan Dhan Yojna: About 5.3 Crore bank accounts opened so far - 3.12 Cr in rural India
 
Mumbai, October 03, 2014
ST - All judgments quoted by appellant were taken into consideration but it was not considered necessary to discuss every judgment for sake of brevity and only judgments passed by HC were discussed and order was based upon same - no mistake apparent from record: CESTAT
 
Rome, October 03, 2014
FAO Chief calls for 'paradigm shift' in global attitude towards agriculture
 
Nainital, October 02, 2014
CX - Rectified spirit attracting Nil rate of duty reported as storage loss - Credit availed of duty paid on Molasses is required to be reversed in view of rule 6(1) - Revenue's appeals allowed: HC
 
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Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.