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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Bangalore, October 18, 2013
CX - CENVAT - Bagasse arising during manufacture of sugar and molasses - no need to pay amount of 5%/10% on ground that common Inputs/Input Services: CESTAT
 
Mumbai, October 18, 2013
ST - S. 67 - Amounts of Rs 1210 Cr and Rs 283 Cr given by M/s RCOM to appellant by way of expenses towards setting up - When such payments have been made to appellant before firm came into existence, it is not understood as to how this amount can be treated as sum received for services rendered - Pre-deposit ordered: CESTAT
 
New Delhi, October 17, 2013
Union Cabinet okays proposal for creating six new Benches of CESTAT; Chandigarh, Allahabad & Hyderabad to get one each
 
Mumbai, October 17, 2013
ST has to be paid on gross amount charged for supply of SIM - HC order has to be considered as 'per incuriam' - benefit of Notfn No 12/2003 not available - rate of tax that should apply is rate prevalent at time of rendering of service: CESTAT
 
New Delhi, October 17, 2013
I-T - Whether merger & acquisition can be a mode of acquiring assets and whether such acquisition amounts to 'transfer' as per law - verdict favours assessee: Delhi HC
 
Mumbai, October 17, 2013
Cus - Notfn 97/2004 - Appellant imports machinery under EPCG but installs same in mines for rental - actual user condition violated - Joint DFGT imposed penalty of Rs 25 lakhs - consequently appellant would no longer be eligible for benefit of said Notification - penalty upheld: CESTAT
 
Mumbai, October 16, 2013
CX - Refund - Certainty promotes rule of law - While adjudicating upon refund it is necessary for AOs & appellate authorities to dispose of all objections so that proceedings do not remain pending for years - HC directs CBEC to issue necessary guidelines
 
Mumbai, October 16, 2013
CX - S 4 - Valuation - There is no merit in argument that where goods are delivered at customers' premises at a pre-agreed rate of transportation, cost of transportation should be excluded from sale price to arrive at AV - Pre-deposit of Rs 4 Cr ordered: CESTAT
 
Ahmedabad, October 15, 2013
I-T - Whether legal fiction created u/s 50 can also curb application of Sec 54EC if assessee makes investment in tax-free bonds - NO: Gujarat HC
 
Mumbai, October 15, 2013
ST - Citi Bank entrusted processing of transactions to appellant - since computerized data processing is excluded from scope of BAS, question of confirmation of demand does not arise - Demand not sustainable because SCN allegations and ground for confirmation are at variance - appeal allowed: CESTAT
 
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