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, May 30, 2013
Whether enforcement of a debt being barred by limitation, ipso facto leads to conclusion that there is cessation or remission of liability - ruled against Revenue: HC
 
Mumbai, May 30, 2013
ST - BSS - Expression 'infrastructure support service' used in said section has to be construed by following principles of ejusdem generis - Giving cricket stadium for conducting matches is not similar to any of activities specified in said section - Stay granted: CESTAT
 
Chandigarh, May 30, 2013
CX - Denial of SSI benefit, not relating to rate of duty appeal against Tribunal's order lies to HC; Dismissing civil appeal only part appealed against gets merged; No penalty under Rules 25 or 26 if there is no mens rea : High Court
 
New Delhi, May 29, 2013
I-T - Whether search assessment can be made even when no incriminating material or evidence is seized at time of search - NO: ITAT
 
Mumbai, May 29, 2013
ST - income from transmission of music clippings in between running of programmes but had not included same in taxable value – sale of space or time is leviable to ST under ‘broadcasting services' and not under 'advertising services' – Pre-deposit ordered: CESTAT
 
Mumbai, May 29, 2013
CX - Cement remaining in bulker - consignee issuing challans evidencing short supply - appellant taking credit on such quantity which was received back - since no documents produced to justify availment, Pre-deposit ordered: CESTAT
 
New Delhi, May 28, 2013
Advance Ruling - Stock Transfer is not Sale - Stock Transfer from SEZ Unit to own DTA unit is eligible for exemption under Notification No 45/2005 Cus
 
Mumbai, May 28, 2013
I-T - Whether transaction of sale of merchant banking business to an erstwhile global accountancy firm can be considered as colourable device, although payments were made only for transfer of business and contracts - NO: ITAT
 
Mumbai, May 28, 2013
ST - 'Mithi' is a river and not a drain - from Tender Notice, it is clear that work pertains to deepening of river - Thus, contract awarding authority as well as appellant, understood work as dredging and not as anything else - Demand upheld: CESTAT
 
Chennai, May 28, 2013
Cus - Once appeal is filed against original order, it is mandatory to pay amount ordered, as condition precedent for taking up appeal - CESTAT was lenient in ordering only Rs 20 lakhs as pre-deposit - attitude of petitioner cannot be appreciated: HC
 
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Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.