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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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Chennai, February 07, 2014 CENVAT - Removal of inputs as such - Appellant not reversing credit at time of removal - interest demanded - expression "on the date of such removal " is referable to rate applicable to such goods and it cannot be understood to mean that duty should be paid at time of removal: High Court

New Delhi, February 07, 2014 Cus - Refund - Claim of an individual, whose amounts are retained without authority of law, to seek refund cannot be rejected merely on application of Sec 27 - Amount to be refunded within four weeks along with interest @10% p.a.: HC

Bangalore, February 06, 2014 Service Tax - services relating to transmission & distribution of electricity - retrospectively exempted by Notification No. 45/2010 - Services provided to electricity distribution companies not taxable: CESTAT

New Delhi, February 06, 2014 Income tax - Whether when assessee does not utilise borrowed funds for business purpose and spends the same to purchase equity shares as investments, interest paid on such loans is not allowable as per provisions of Sec 36(1)(iii) - YES: ITAT

New Delhi, February 06, 2014 UP Trade Tax Act - Pre-operative expenses in the form of interest, not Capital Investment; Transformer is fixed capital investment: Supreme Court

Mumbai, February 05, 2014 Service Tax - Recovery proceedings even before expiry of time to appeal - highhanded - Revenue officers should realise that their job is much more than merely collecting tax: High Court

Allahabad, February 05, 2014 Income tax - Whether if assessee-Trust which has listed out many charitable activities as objectives, has been able to organise only Yoga camps, Section 80G benefits will continue to be available - YES: HC

Mumbai, February 05, 2014 Cus - If Customs authorities do not want appellant to take vessel out of India, they should pass written order stating reasons therefor and cannot pass any oral instructions - AR to ascertain facts and inform: CESTAT

Hyderabad, February 04, 2014 Income tax - Whether where assessee admits tax liability on its own, law does not require further evidence to corroborate same - YES: AP High Court

Mumbai, February 04, 2014 CX - Credit on Construction services availed for storage of imported goods for trading - Prior to 2011, trading was not service and, therefore, appellant could not have taken credit - ST credit can be distributed only if services received at manufacturing premises: CESTAT

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