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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, March 07, 2014 Income tax - Reassessment u/s 147 - Whether Revenue is on sound legal footing if it denies to share 2G Spectrum Investigation Report on ground of confidentiality - YES: Delhi HC

Mumbai, March 07, 2014 ST - If appellant had indeed rendered multiple services, charges would have varied every month - From statements of employees, service rendered was only security services and nothing else - appeal dismissed: CESTAT

New Delhi, March 07, 2014 CX - Valuation - buyer agreed for interest free advance to assessee to help set up factory with promise that assessee would supply 90% of production to buyer - such 'compensation' is not includible in AV: CESTAT by Majority

Ahmedabad, March 06, 2014 Income tax - Whether when assessee is public limited company, recovery of tax dues cannot be initiated against Directors and no proceedings u/s 179 can be initiated - YES: HC

Mumbai, March 06, 2014 ST - Merely because appellant collected only 75% of salary paid to employees, it does not take appellant out of purview of ST liability - Even if activity undertaken is one-time transaction, conforming to legal definition of supply of manpower, tax liability would accrue: CESTAT

Mumbai, March 06, 2014 CENVAT - Export goods rejected by importer - goods re-imported & Credit availed of CVD - credit denied & penalty imposed - as per rule 16, any goods on which duty has been paid at time of removal when brought back to factory would be eligible to credit - pre-deposit ordered: CESTAT

New Delhi, March 05, 2014 NDPS - Sec 50 - Accused must be individually informed that u/s 50(1) of NDPS Act, he has right to be searched before a nearest gazetted officer or before nearest Magistrate: SC

Mumbai, March 05, 2014 Income tax - Whether assessment can be reopened when issue of non-receipt of forex within a period of 6 months from end of AY was not subject matter of original assessment - YES: HC

Mumbai, March 05, 2014 CX- Rule 8(3A) of CER, 2002 - default - although what is required to be paid is to be construed as arrears of revenue the same have to be paid in cash - any other interpretation will make restriction meaningless: CESTAT

Mumbai, March 04, 2014 CX - Valuation - CX (Determination of RSP) Rules is curative provision to deal with situation where RSP is not declared - they are procedural & therefore, retrospective and can be applied to all pending proceedings: CESTAT by Majority

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