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, April 23, 2013
CX - ROM application - 'date of order' mentioned in Sec 35C(2) means date of communication - since communication has been completed only on 20/06/2011, application filed on 12/09/2011 is not time barred: CESTAT
 
Mumbai, April 22, 2013
I-T - Whether any TDS obligation arises on interest payable on ECB when same has been exempted by CBDT - NO: ITAT
 
Mumbai, April 22, 2013
ST - Citi Bank entrusted processing of banking deals electronically to appellant - since computerized processing is excluded from scope of BAS, question of confirmation of demand prima facie does not arise - stay granted: CESTAT
 
Mumbai, April 22, 2013
Cus - Oil well tools imported under exemption - certificate from DGH produced - Notification does not stipulate any period of use - after use goods cleared to SEZ which is deemed as 'export' under SEZ Act - benefit cannot be denied: CESTAT
 
Washington, April 21, 2013
G20 resolves to do more on issues of tax evasion and tax avoidance through tax havens route
 
New York, April 21, 2013
UN concerned over tepid Asia-Pacific growth as Region faces developed world uncertainty
 
New Delhi, April 20, 2013
World Energy leaders meet in New Delhi to take action on Clean Energy
 
New York, April 20, 2013
Women empowerment is necessary for future propsperity of cities: UN Study
 
New Delhi, April 19, 2013
Task Force on Coal Beneficiation to submit Report soon: Coal Minister
 
New Delhi, April 19, 2013
Road Sector urgently needs a Regulator: Dr Joshi
 
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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.