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 03, 2013
I-T - Whether provision made for performance awarranty nd other contractual liability as per AS-7 cannot be said to be an ascertained liability and accordingly not allowable as deduction - Partly allowed: ITAT
 
Mumbai, June 03, 2013
ST - Sugar factory renting part of premises to Bank, BSNL and post office - Bank and BSNL are commercial organizations and renting amounts to furtherance of business - claim of SSI benefit not considered by lower authority - Matter remanded: CESTAT
 
Mumbai, June 03, 2013
CHALR, 2004 - in a situation where urgent action is necessary, it would be open to Commissioner to pass immediate prohibitory order for limited period and to afford to CHA an opportunity of being heard: HC
 
New Delhi, June 02, 2013
New Defence Procurement Policy focuses on indigenisation of production
 
New York, June 02, 2013
Human Trafficking: Need to combat demand for sexual exploitation, human organs and forced marriages
 
New Delhi, June 01, 2013
CBDT Cadre Review: Creation of New Posts notified; Total posts of Principal CIT to be 300
 
New York, June 01, 2013
UN expert calls for moratorium on design of Robots equipped to kill humans
 
Mumbai, May 31, 2013
I-T - Whether when an assessee follows mercantile system of accounting, it has freedom to follow receipt system merely to account for VAT refunds - NO: ITAT
 
New Delhi, May 31, 2013
ST - Mere handling of coal by unloading of coal wagons and movement to site not cargo handling service Jurisdictional High Court explained: CESTAT
 
Ahmedabad, May 31, 2013
Whether AED under Textile and Textile Articles Act, 1978 is also required to be paid when duty is paid under Notification No 33/2001 CE based on meter length of embroidery machine – Tribunal by majority sets aside demand
 
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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.