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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Mumbai, August 06, 2013
ST - Appellant is mere lessor of land & machinery - if agreement does not provide for transfer of assets at end of lease term during which monthly user charges are collected, such leasing would not fall under financial lease: CESTAT
 
Mumbai, August 06, 2013
Advance B/E filed for import of vehicle - request for adjudication as importer not able to produce Type Approval Certificate - letter issued in 1955 cannot be relied upon as same was issued when Sea Customs Act was in force - Commissioner to adjudicate: CESTAT
 
New Delhi, August 05, 2013
Customs - Filing writ or appeal in wrong court - Forum Shopping deprecated: Supreme Court
 
Guwahati, August 05, 2013
I-T - Whether expression 'wholly and exclusively' appearing in Sec 37 does not mean necessarily - YES: HC
 
Mumbai, August 05, 2013
ST - in definition of Mandap keeper Service, crucial word is 'temporary occupation' - appellant leased out premises to hotel for interest free deposit - since premises is not given for temporary occupation, demand of service tax is not sustainable - appeal allowed: CESTAT
 
New Delhi, August 04, 2013
Cus - Making of endorsement on Shipping Bills for claiming export incentive under VKGUY were effected - Whether permissible u/s 149 - Difference of Opinion - Matter referred to President: CESTAT
 
Lyon, August 04, 2013
Carbon trading faces threat of exploitation by criminals: INTERPOL
 
New Delhi, August 03, 2013
ST - Prima facie, it does not appear that commission received by petitioner from M/s Amadeus for using its software and hardware, falls outside pale of BAS - Pre-deposit ordered: CESTAT
 
New Delhi, August 03, 2013
UPA Cabinet decides to do the predictable - to amend RTI Act to exempt political parties from definition of Public Authority
 
New Delhi, August 02, 2013
Refund - Unjust enrichment - Whether amount in dispute charged as expenditure in P & L account constitutes cost of manufacture absorbed by sale value and refund is hit by unjust enrichment - Matter referred to Third Member
 
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Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.