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 11, 2014
Laptop with special software used for managing functionalities of machine is eligible for credit as capital goods: CESTAT
 
Ahmedabad, August 11, 2014
I-T - Whether when assessee discontinues manufacturing and commences trading from part of premises and also earns rental by leasing out remaining part, it is entitled to set off business loss from trading against rental i on which Sec 24 benefit was also availed - NO: HC
 
Mumbai, August 11, 2014
ST - If service is classifiable under BSS from a given date and said service is not carved out of any of existing services, it cannot be construed that service was taxable prior to that date: CESTAT
 
New Delhi, August 11, 2014
CENVAT credit on Courier - as manufactured goods are notified u/s 4A, 'place of removal' would be factory gate and hence credit of ST paid on outward freight from place of removal is not admissible - Demand hit limitation, penalties set aside: CESTAT by Majority
 
New Delhi, August 10, 2014
PM to lay foundation of New Port-based Multi-Product SEZ at JNPT on Aug 16
 
New Delhi, August 10, 2014
Textiles footprint: China has larger manufacturing base than India; India facing stiff competition from neighbours
 
New Delhi, August 09, 2014
213 mn Indians to suffer from hypertension by 2025; Govt to declare 'Hypertension Day' soon
 
New Delhi, August 09, 2014
Corporate frauds: SFIO booked 93 companies last fiscal; Fraud now defined in New Companies Act
 
New Delhi, August 08, 2014
Customs authorities should make it clear as to which particular authority has passed order and not just mention words 'competent authority' while allowing provisional release of seized goods - this would have saved lot of confusion like in present case: HC
 
New Delhi, August 08, 2014
How to measure poverty and count number of poor in India - A highlight of Dr Rangarajan Report
 
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TIOL Tube brings you an interview with former US Secretary of Treasury, Mr. Larry Summers who was recently in Delhi.

AR not Afar by SK Rahman



Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.