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CBIC amends tariff value of silver; No change for other commodities High Level Official Delegation from Mauritius visits National Centre for Good Governance Govt hikes Minimum Wages vide enhanced VDA for unorganised workers TRAI mandates whitelisted URLs, APKS, or OTT links for SMS Traffic GST - 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: HC France backs India’s membership to Security Council GST - No opportunity of personal hearing as was requested while replying to SCN was given - Order set aside: HC Jaishankar calls for reforms of WTO, G20 & UN GST - 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: HC Family of 5 found dead in car in TN; Suicide suspected Alternative Global Value Chain - Is India going to be 'Next China'!IMF okays USD 7 bn loan to support Pak’s sinking economy Cus - Unreasoned order - Order spoke for itself - Revenue counsel tries his best to justify order but in the end had to throw in the towel: HC Bombay HC quashes govt clearance given after construction in Coastal area Prevent misuse of s.114AA of Customs Act Brazil keen to ink trade deal with EU GST - 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: HC Harris promises tax credit and investments to US manufacturers CBIC notifies HAG benefits to 22 IRS officers Nukes may deflect asteroid threatening earth: Scientists After Iranian death threat, Trump says Iran should be torn into pieces India, Australia working to strengthen ECTA through CECA: Goyal US Intel suggests Russia has secret war drones factory in China Survey reveals 31% Indians now use e-com platforms for ordering grocery India's coal imports see marginal increase amid surge in Power Generation


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Mumbai, May 17, 2013 ST - Appellant placing ad for machinery in mag published in UK - Revenue demanding ST under Sale of space or time for ad - s. 65(105)(zzzm) excludes sale of space for ad in newspaper which includes periodicals - stay granted: CESTAT

Allahabad, May 17, 2013 I-T - Whether when a notice issued u/s 226(3), is not pursued further by Revenue in terms of any show cause notice, assessee can still be treated as deemed assessee in default - NO: HC

Mumbai, May 17, 2013 CX - s.4A - import of motor vehicle parts and clearance to domestic market after repacking - there cannot be different Retail prices for purpose of CVD and for purpose of Excise duty in respect of same goods - there is no valid explanation by applicant regarding lower MRP for excise duty - Pre-deposit ordered: CESTAT

Mumbai, May 16, 2013 I-T - Whether normal rule of valuation of stock-in-trade that they are valued at cost or market price whichever is less at end of year can be applied to derivative contracts also - YES: ITAT

Mumbai, May 16, 2013 Cus - Since there has been no seizure of vessel or confiscation of goods, demand of duty u/s 125(2) of Customs Act is not sustainable in law - Pre-deposit waived and stay granted: CESTAT

Mumbai, May 16, 2013 CX - Windmill doors are used with tower on which wind operated electricity generators are installed - Revenue is not denying benefit of notification 3/2001 & 6/2002 in respect of tower, hence doors which are part of tower are also entitled for exemption - appeal allowed: CESTAT

New Delhi, May 15, 2013 I-T - Whether pendency of civil suit is bar on writing off bad debt when assessee is of opinion that probability of recovery is not even remote - NO: Delhi HC

Mumbai, May 15, 2013 ST - Appellant is leasing out equipment and paying VAT - transaction involved is transfer of right to use which is deemed sale and not supply of tangible goods for use service - stay granted: CESTAT

Mumbai, May 15, 2013 CENVAT � Common input services - Reversal of entire 'Input Service' Credit taken along with interest amounts to non-availment of credit and suffices for purpose of Rule 6 - no cause for payment of any amount in terms of rule 6(3): CESTAT

Ahmedabad, May 14, 2013 HC reverses ITAT Special Bench decision; rules provisions of Sec 40(a)(ia) cover not only sums, which are payable as on 31st March of a particular year but also which are payable at any time during year

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