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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Bangalore, August 03, 2014
CBI books Syndicate Bank CMD and 11 others in Rs 50 lakh illegal gratification case
 
New Delhi, August 02, 2014
Govt clears more than 300 Capital Investment Subsidy cases by March 31, 2014
 
Mumbai, August 02, 2014
ST - Import of drawings & designs - entire transaction was treated as supply of goods - if that be so, we do not understand how very same transaction can be treated as service & levy of ST can be made on entire value of transaction once again: CESTAT
 
New Delhi, August 01, 2014
PM 'gazettes' grassroot-level relief for common man; directs Govt agencies to accept self-certified documents in place of affidavit
 
Mumbai, August 01, 2014
ST - Appellant importing Liquid Helium in vacuum insulated tanks from foreign supplier - after use, tanks are re-exported - as exporter of helium has no control over tanks, he cannot be held to be storage and warehouse keeper - no ST payable under Reverse charge: CESTAT
 
Mumbai, August 01, 2014
CENVATTED Moulds & dies sent to vendor for production of final products - such clearances permitted only after amendment of rule 4(5)(b) - if appellant also utilizing these Moulds, infraction is only procedural warranting penalty rather than denial of credit: CESTAT
 
Mumbai, August 01, 2014
ST - In SCN, demand in respect of Break Bulk Fees is made under transportation of goods by air - Appellant is not an aircraft operator so demand not sustainable - also order confirming demand under Cargo Handling is beyond scope of SCN: CESTAT
 
Mumbai, August 01, 2014
ITAT grants relief to Bollywood Star Salman Khan; sets aside penalty imposed for claiming legal expenses incurred on criminal cases as business expenditure
 
Mumbai, August 01, 2014
Import of Poppy Seeds - undervaluation - DRI not recorded any statement of any individual who had been conduit through whom Hawala deal took place - although prima facie there is strong case for appellant no other option as third Member, but either to agree with one of differing views - Pre-deposit ordered: Tribunal by Majority
 
Mumbai, July 31, 2014
ST - Telecom Infrastructure Services are more appropriately classifiable under Business Support Service - demand under BAS is not sustainable: CESTAT
 
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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.