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, June 17, 2013
ST - Term PE in Sec 66A would cover branch of foreign Co, which is set up to do business on long term basis - this term would not cover project office – prima facie it is to be treated as service provided to itself – Stay granted: CESTAT
 
Ahmedabad, June 17, 2013
Even if Revenue pleas are accepted that appellant has entered into unwanted high sea sales, fact is that appellant has got exemption & benefit of notification cannot be denied - Stay granted: CESTAT
 
New Delhi, June 16, 2013
ICIJ exposes names of 498 Indians and Indian companies making good use of tax havens; Official residences of two Govt officials figure in List
 
New Delhi, June 16, 2013
India, UK join hands for evidence-Informed Healthcare Policy & Practice
 
New Delhi, June 15, 2013
Centre extends incentive package for industries for five years in J & K
 
New Delhi, June 15, 2013
FAO forecasts record harvests, more stable commodity markets
 
Allahabad, June 14, 2013
I-T - Whether existence of belief can be challenged by assessee but not sufficiency of reasons for belief - HC rules against assessee
 
Mumbai, June 14, 2013
ST - Appellant taking possession of factories in terms of SARFAESI and leasing out same - rents received are prima facie liable to ST as transaction is covered under Renting of Immovable Property - amount paid under protest is sufficient for hearing appeals: CESTAT
 
Mumbai, June 14, 2013
CX - Allegation that manufacturers were required to supply goods at Nil duty and hence appellant could not have taken credit - Revenue unable to show any prospecific vision mandating same - Appeals allowed: CESTAT
 
New Delhi, June 13, 2013
Govt focuses on 215 large but stuck projects involving funds of Rs 7 lakh crore
 
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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.