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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Chennai, May 07, 2013
Para 2.17 of FTP Vs para 2.33 of HBP - Used second-hand digital multifunction print and copying machines - No restriction under para 2.33 - No error in order of Single Judge: Division Bench of Madras HC
 
Mumbai, May 07, 2013
ST - Oral communication of order of pre-deposit is not envisaged in law - no order has been issued as per s.37C - in such scenario, dismissal of appeal for failing to comply with oral directions is not proper - matter remanded: CESTAT
 
Kochi, May 06, 2013
I-T - Whether Sec 80C benefits can be availed even if insurance premium is paid by a relative on behalf of beneficiary - YES: ITAT
 
Mumbai, May 06, 2013
Cus - appellant proved bona fide purchase of seized diamonds and hence appeal was allowed - since diamonds not returned even after one year, Commissioner has to show action taken and if nothing done, Commissioner to explain why contempt should not be initiated: CESTAT
 
Ahmedabad, May 06, 2013
CX - Goods manufactured under Area based exemption and exported under rebate - Rebate is not admissible though goods were cleared from factory before amendment, since actual export took place after amendment: HC
 
BONN, May 05, 2013
Europe warming faster; UN targets new climate agreement by 2015
 
New York, May 05, 2013
Pedestrians account for 22% of 1.24 mn road traffic deaths: WHO
 
New Delhi, May 04, 2013
Latest IMF Report - Global Economic Prospects and Implications for India
 
New York, May 04, 2013
USA gets flak for gaps in protecting human rights in business activities
 
Amritsar, May 03, 2013
I-T - When assessee incurs costs for purchase of export quota, unutilisation of such quota is necessarily to be treated as revenue loss - YES: ITAT
 
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Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.