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, August 28, 2013
Sliding Rupee - Possibility of Currency Swap - Task Force set up to work out mechanism
 
Allahabad, August 27, 2013
I-T - Whether penalty u/s 272B is to be imposed on deductor even if fault of non-furnishing of PAN details lies with deductees - NO: Allahabad HC
 
Mumbai, August 27, 2013
Service Tax is leviable on rendering of services - therefore, it is rate prevalent on date of rendering of service, which is relevant for levy of Service Tax - appeal allowed: CESTAT
 
New Delhi, August 27, 2013
CX - Appellant procuring various items of Ch. 85 for setting up paint shop in factory - Revenue alleging that upon fabrication what comes into existence being fixed to earth is not excisable and hence these items are not CENVATABLE - Order set aside: CESTAT
 
New Delhi, August 26, 2013
I-T - Whether when assessee is sanctioned a grant by Govt for operational purposes for a period of five years, entire sum is to be treated as receipt in same year - NO: Delhi HC
 
Mumbai, August 26, 2013
ST - High Sea sale - trade margin charged to customers is subject to customs duty - If that be so, there is no reason why same part of transaction value should be taken out of customs transaction and subjected to ST under guise of BAS - Stay granted: CESTAT
 
Mumbai, August 26, 2013
CX - Clearance of capital goods after use - Appellant calculating duty based on number of quarters whereas Revenue calculating on actual number of days - appellant pays duty allegedly short paid with interest - it cannot be said that appellant had any intention to evade duty: CESTAT
 
New Delhi, August 25, 2013
Expert Panel finds share of short term cooperative credit structure in providing agri credit has fallen to mere 17%
 
Paris, August 25, 2013
The West can reignite growth & tax revenue with energy-centric renovation of buildings: IEA-UNDP Report
 
New Delhi, August 24, 2013
Coalgate - Missing files - Only 7 files left to be handed over; 497 files already transferred; Search is on: Coal Minister
 
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AR not Afar by SK Rahman



Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.