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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Mumbai, February 04, 2014
Cus - No prudent businessman would continue to pay higher duty without passing same to buyers - inevitable conclusion is that they have considered disputed sum of duty as cost of material - refund hit by Bar of unjust enrichment: CESTAT
 
Hyderabad, February 03, 2014
Service Tax - Waiver of pre-deposit - Pay or Perish? Tax collection a sovereign power - proper adjudication a sovereign's duty: High Court
 
Ernakulam, February 03, 2014
Income tax - Whether when assessee is an astrologer and receives certain payments from political leaders for making precise predictions on outcome of elections, such receipt is to be treated as business income - YES: HC
 
Mumbai, February 03, 2014
CX - Bought out items - whether to be added in AV of Drilling Rigs - although rigs to be used in conjunction with such items, they do not constitute parts as they are complete in themselves - not to be added in AV: CESTAT
 
Mumbai, February 03, 2014
ST - Appellant engaged in transport service & initial temporary storage of vehicles near railway sidings, only for few days, will not render appellant to fall under 'Clearing & Forwarding Agent': CESTAT
 
New Delhi, February 02, 2014
MoU signed for setting-up Hydrocarbon Sector Skill Council
 
New York, February 02, 2014
Achieving crop biodiversity is key to feed 9 bn world population by 2050: FAO Study
 
New Delhi, February 01, 2014
Mumbai Real Estate promoters are in real trouble; Two arrested for evading Rs 3 Cr service tax
 
New Delhi, February 01, 2014
GDP - First Revised Estimates pegs growth rate at 4.5%; Per Capital Income up only by 2.1%
 
New Delhi, February 01, 2014
Total trade of goods & services crosses USD one trillion-mark
 
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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.