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, August 31, 2018
Cus - Without specific demand in SCN issued u/s 124, Revenue is not entitled to recover customs duty u/s 125 of Customs Act, 1962: HC
 
Mumbai, August 31, 2018
ST - If an activity has been clarified to be not taxable, based on which demand was dropped, then revenue cannot take a stand that Commissioner(A) had traveled beyond SCN which disputed classification: CESTAT
 
Ahmedabad, August 31, 2018
I-T - Sundry creditors are not equivalent to own funds of assessee and can't be used for giving interest-free advance to others : ITAT
 
New Delhi, August 30, 2018
Cus - DRI direction to Union Bank of India to freeze current account of petitioner is without authority of law - UBI told to ignore same: HC
 
New Delhi, August 30, 2018
I-T - Revenue's cavalier approach in stating that similar matter is pending disposal whereas such matter was actually settled years back is tantamount to mis-statement - Cost of Rs.10 lakhs imposed and petition dismissed: SC
 
Ahmedabad, August 30, 2018
I-T - Benefit of exemption claimed u/s 54EC(1)(b) cannot be allowed in absence of properly-registered documentary evidences proving ownership over plot of land: ITAT
 
Chennai, August 30, 2018
Cus - Communication sent by Deputy Director conveying appointment of a common adjudicating authority is in consonance with notification 60 of 2015-Cus (NT) r/w Circular 18/2015: High Court
 
New Delhi, August 29, 2018
Cus - Cost recovery charges are intended to cover expense of government in deputing Customs personnel to ICDs/CFSs/ACCs/EPZs; has sanction and authority of law : HC
 
Mumbai, August 29, 2018
ST - Renting includes not mere renting but any similar arrangements in respect of immovable property for use in furtherance of business or commerce: CESTAT
 
Ahmedabad, August 29, 2018
I-T - Rule 8D - Fact that various sale and purchase of securities involved time and energy of top management, it is reasonable to believe that certain administrative expenses were involved: ITAT
 
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