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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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Mumbai, October 31, 2013 ST - VCES - Bank accounts of Rs 1.22 Cr attached - Assessee files declaration under VCES - Release of attachment ordered on payment of Rs 8 Lakhs: HC

Bangalore, October 31, 2013 I-T - Whether when assessee, subsidiary of a foreign company, incures certain expenses for acquiring shares from parent for alloting the same under ESOP to employees, such expenses are to be allowed as revenue expenditure - YES: ITAT

Mumbai, October 31, 2013 CX - Brown Sugar is not agri waste - it is residue of manufactured product viz. 'sugar'- brown sugar is also used for human consumption - classification of product under same heading 23.01 as applicable to Bagasse would not alter position about applicability of Rule 6: CESTAT

New Delhi, October 30, 2013 Whether when AO had no occasion to verify shares transactions, which were considered as bogus based on inputs from Investigation wing and for which full particulars were not furnished in original proceedings, it can still be stated that there was change of opinion while issuing notice u/s 148 - NO: HC

New Delhi, October 30, 2013 ST - Review - mere signing on draft note mechanically does not constitute compliance with requirement of application of mind by CCs comprising Committee to twin requirements of decision making process namely, due consideration of material pertaining to order and desirability of preferring an appeal - issue no longer res integra: CESTAT

Mumbai, October 30, 2013 Cus - Refund - Sections 22 & 27 - Ascertainment of damage to imported goods has been done by re-exporting same for repairs and upon re-import by paying duty on repair and freight charges - refund of duty paid second time correctly allowed by appellate authority: CESTAT

Mumbai, October 29, 2013 I-T - Whether if assessee or its representative is not present at time of hearing, Tribunal has authority to dismiss the case for default - NO: Bombay HC

Mumbai, October 29, 2013 ST - appellant manufacturing Industrial gases & also supplying vacuum insulated storage tanks to customers for fixed term by charging Rs 27,500/- per month - as per agreement, tank always remains property of appellants and same was only 'loaned' for use - Appeals allowed: CESTAT

Chennai, October 29, 2013 CX - Valuation - Duty paid on inter-unit transfer of finished goods under Rule 8 by adopting CAS 4 - Demand of duty by including Inter Divisional Service Charges accounted for as per AS 17 is prima facie not sustainable – Stay granted: CESTAT

New Delhi, October 28, 2013 I-T - Whether when assessee makes huge investment for acquiring controlling stake in loss-making company, its expenditure warrants disallowance u/s 14A for lack of earning dividend income - NO: ITAT

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