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, June 10, 2013
ST - Appellant and M/s BWIL agreed to jointly carry out day-to-day functions and to share cost for rendering executory services - no evidence that appellant gave consultancy to M/s BWIL - appeal allowed: CESTAT
 
Mumbai, June 10, 2013
CENVAT - Para 4.3.5 of EXIM Policy 2002 specifically provides that in case additional Customs duty is adjusted from DEPB no benefit of CENVAT or duty drawback is eligible - Appeals dismissed: CESTAT
 
London, June 09, 2013
Vodafone Plc flayed for alleged shifting of profits to Luxembourg from UK operations
 
New Delhi, June 09, 2013
Govt sets up National Skill Development Agency to be headed by Cabinet Minister
 
Mumbai, June 08, 2013
CX - Since assessee suffers no prejudice nor is assessed to any duty, interest or penalty, no reason to set aside order of appellate authority - appeal dismissed: CESTAT
 
New Delhi, June 08, 2013
How competitive is India's financial sector internationally? - Govt sets up Panel to make recommendations
 
New Delhi, June 07, 2013
Personal income tax collections leave behind corporate tax mo-up in first two months
 
Chandigarh, June 07, 2013
I-T - Whether even if one business is closed, unabsorbed depreciation from said business can be set off against other business income - YES: ITAT
 
Ahmedabad, June 07, 2013
CX - Against single order passed by adjudicator covering 4 SCNs, single appeal filed - Single appeal for common order is proper: CESTAT
 
Mumbai, June 07, 2013
ST - jobwork - activity of multi-piece packaging of soaps could be construed as manufacture - even if it is held that it amounts to BAS, notification 8/2005-ST grants exemption - matter remanded: CESTAT
 
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TIOL Tube brings you an interview with former US Secretary of Treasury, Mr. Larry Summers who was recently in Delhi.

AR not Afar by SK Rahman



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