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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, November 14, 2013 I-T - Whether provisions of Sec 133(6) vest powers in AO to indulge in fishing information of general nature and there is no need for assessee to cooperate only if there is assessment pending - YES: SC

Bangalore, November 14, 2013 I-T - Whether when retiring partner takes only money towards value of share and there is no distribution of assets, even then firm is liable to capital gains tax u/s 45(4) - NO: HC Full Bench

New Delhi, November 14, 2013 ST - Chartering of tankers for transportation of LNG - Deemed sale - not taxable under Supply of Tangible Goods - No tax under reverse charge: CESTAT

Mumbai, November 14, 2013 CX- s. 2(f) - Applicant importing Polymer by classifying under Ch. 39 and taking CENVAT - after repacking, same is cleared under Ch. 38 on payment of duty on Transaction value - activity cannot be considered as manufacture as no such chapter note exists in Ch.39: CESTAT

Bangalore, November 13, 2013 I-T - Whether sum forfeited due to cancellation of contract in excess of agreed liquidated damages for making good of loss of business opportunity amounts to revenue receipt - YES: HC

Mumbai, November 13, 2013 CBEC informs appellant that they are not liable to tax - Board then reverses its decision - Demands raised - since CBEC had conveyed in Feb 2009 that appellant is not liable to ST, prima facie, applicant has strong case in favour: CESTAT

Ahmedabad, November 13, 2013 Cus - Advance Licence - Whether goods imported are Alloy Steel or Non-alloy - there is no definition of non-alloy in tariff - alloy or non-alloy steel, after using same, final products were exported and EO is 100% completed; there is no allegation of diversion of goods - Stay granted: CESTAT

Bangalore, November 12, 2013 I-T - Whether when assessee gives prizes, wholly in kind, as part of its sales promotion scheme, any TDS obligation arises u/s 194B - NO: HC

Bangalore, November 12, 2013 ST - Import of service - Reverse Charge - Bar of utilising CENVAT does not apply to credit on Capital Goods - Pre-deposit waived: CESTAT

Mumbai, November 12, 2013 CENVAT - MD being paid royalty for developing formulae for manufacture of fragrances - Audit directs MD to pay ST for IPR services - MD does so - when payment of ST has been accepted, Revenue cannot now take a stand that no Input services were received: CESTAT

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