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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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New Delhi, April 12, 2014 ST - CENVAT credit on Courier services - 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 - however, on issue of limitation, Members have divergent views - Matter referred to TM: CESTAT

Mumbai, April 11, 2014 ST - Appellant is liable to pay tax on taxable services rendered as sub- contractor - eligibility to benefits of Notifn 12/2003 & 1/2006 to be examined by adjudicator - Matter remanded: CESTAT by Majority

Chennai, April 11, 2014 Rule 14 of CCRs, 2004 - Credit taken but not utilized till reversal - Whether Interest and Penalty can be levied? - The controversy of 'and' & 'or' finally comes to an end: High Court

Allahabad, April 11, 2014 Income tax - Whether initiation of re-assessment u/s 147 gets vitiated merely because AO fails to correct assessment completed u/s 143(1) by issuing notice u/s 1432(2) - NO: High Court

New Delhi, April 11, 2014 Cus - Storage of imported goods in a warehouse pending clearance � whether Customs authorities can issue a certificate and order waiver of demurrage charges in all cases � No, says HC

Ahmedabad, April 10, 2014 Income tax - Whether profits from mere sale of open land or unused FSI as part of housing project where FSI utilization is way short of permissible limits can be said to have been derived from such project u/s 80IB(10) - NO: High Court

Chennai, April 10, 2014 Cus - Inclusion of software in value of hardware for payment of Customs duty � High Court reduces pre-deposit from total duty to 50% - When there were two divergent views of Tribunal, proper procedure is to refer matter to Larger Bench

New Delhi, April 10, 2014 Stock Broker service - Delayed Payment Charges recovered from clients are not includable in Taxable value: CESTAT

Chennai, April 10, 2014 Income tax - Whether provisions of Sec 40A(9) would hit on mere making of provision for retirement benefits to employees - NO: Madras HC

Nanital, April 10, 2014 Refund of unutilized CENVAT credit - Tribunal not granting interest on ground that credit lying in account was not duty used by department - while dealing with interest on refund in Sec 11BB no distinction has been made between such credit and any other duty referred to in first proviso to 11B(2) - matter remanded: HC

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