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CBIC amends tariff value of silver; No change for other commodities High Level Official Delegation from Mauritius visits National Centre for Good Governance Govt hikes Minimum Wages vide enhanced VDA for unorganised workers TRAI mandates whitelisted URLs, APKS, or OTT links for SMS Traffic GST - 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: HC France backs India’s membership to Security Council GST - No opportunity of personal hearing as was requested while replying to SCN was given - Order set aside: HC Jaishankar calls for reforms of WTO, G20 & UN GST - 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: HC Family of 5 found dead in car in TN; Suicide suspected Alternative Global Value Chain - Is India going to be 'Next China'!IMF okays USD 7 bn loan to support Pak’s sinking economy Cus - Unreasoned order - Order spoke for itself - Revenue counsel tries his best to justify order but in the end had to throw in the towel: HC Bombay HC quashes govt clearance given after construction in Coastal area Prevent misuse of s.114AA of Customs Act Brazil keen to ink trade deal with EU GST - 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: HC Harris promises tax credit and investments to US manufacturers CBIC notifies HAG benefits to 22 IRS officers Nukes may deflect asteroid threatening earth: Scientists After Iranian death threat, Trump says Iran should be torn into pieces India, Australia working to strengthen ECTA through CECA: Goyal US Intel suggests Russia has secret war drones factory in China Survey reveals 31% Indians now use e-com platforms for ordering grocery India's coal imports see marginal increase amid surge in Power Generation


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Mumbai, April 24, 2014 CX - Revenue alleging that activity does not amount to manufacture and hence credit availed should be reversed - Once duty on final products has been accepted by the department, CENVAT credit availed need not be reversed: CESTAT

Mumbai, April 23, 2014 CENVAT credit on Construction service received prior to 01.04.2011 - services had been rendered and billed prior to 1.4.2011 for which payment has also been paid prior to 1.4.2011 - Credit taken on 28.04.2011 cannot be held to be improper : CESTAT

Mumbai, April 23, 2014 CX - Valuation - So-called 'special discount' is not discount at all is established by fact that it was never passed on to ultimate customers of cars and, therefore, is includible in AV - Demand of Rs.59 crores upheld: CESTAT

Mumbai, April 23, 2014 ST - Tax of more than Rs 5.8 Cr collected from clients but not deposited with Govt - suppression of facts with willful intention to evade duty is clearly manifest - no merit in plea for waiver of SCN as s.73(4) expressly disentitles same: CESTAT

Jodhpur, April 23, 2014 Income tax - Whether when assessee holds substantial shares in partnership firm and also company, any trade advance given by company to firm is to be treated as deemed dividend in hands of assessee - NO: ITAT

Mumbai, April 23, 2014 CX - Sum claimed as refund is not shown as 'receivables' in books and same were expensed out in P&L a/c - Claim hit by unjust enrichment: CESTAT

Mumbai, April 22, 2014 ST - BAS provided to foreign clients - When RBI permits that remuneration towards services provided can be received in Indian Rupees through FIRC, in that situation it cannot be said that services are not exports -Stay petition dismissed: CESTAT

New Delhi, April 22, 2014 Settlement - Even in cases where there is notice u/s 124 of Customs Act, which does not propose customs duty, applicant must self-assess liability and pay such amount as pre-condition - Petition dismissed: High Court

New Delhi, April 22, 2014 ST - Construction Service - Revenue cannot be allowed to receive service tax twice in respect of same construction activities, once from contractor and second time from person who has collected same: CESTAT

New Delhi, April 22, 2014 Income tax - Whether when serious irregularities are pointed out in Special Audit Report and fact that assessee was also given opportunities to inspect records seized during Search but it did not avail it, penalty is inescapable consequence in such a case - YES: Delhi HC

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