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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New Delhi, December 22, 2013
Infrastructure financing: 13 PSUs allowed to raise Rs 48000 Cr through tax-free bonds in 2013
 
New Delhi, December 22, 2013
Anti-Smuggling Policy: CBEC too late in proposing 7 more COIN posts & procuring modern equipments
 
New Delhi, December 21, 2013
Direct taxes collections exceed Rs 4 lakh crore; Rs 3400 Cr mopped up from STT
 
New Delhi, December 21, 2013
65th Batch of IRS (Cus & CE) probationers consists of 43% docs & engineers and 25% female officers
 
New Delhi, December 21, 2013
CBDT happy with reform initiatives taken in 2013
 
New Delhi, December 20, 2013
CESTAT - Appeals - Demands against Government Departments nullity if Union of India is not arrayed as a party to lis - Proceedings against State actors instead of State not valid - Every Officer of the Government is not State: CESTAT
 
Mumbai, December 20, 2013
ST - Reading of agreement with BSNL indicates that personnel supplied are expected to work as security guard - service provided is that of security agency and not Manpower supply - Wages cannot be called reimbursable expenses as these are not incidental but main element in providing service: CESTAT
 
New Delhi, December 20, 2013
I-T - Whether share application form is unimpeachable document, and same can be considered for cross-verification of transaction of share transfer -NO: HC
 
Mumbai, December 20, 2013
CX - Rule 8(3A) - It is settled law that no provision should be read in such manner so as to make it otiose - since appellant has defaulted in payment of duty for more than 30 days, appellant is not entitled to utilize CENVAT Credit - Pre-deposit ordered of Rs 7.4 Cr: CESTAT
 
Geneva, December 19, 2013
G-20 Members has put 116 new trade curbs in past 6 months: WTO Report
 
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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.