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, April 01, 2013
FII debt limits: Govt further simplifies guidelines to attract FDI
 
Mumbai, April 01, 2013
ST - Work order indicates that it is for loading and transportation of clinkers and rate for transportation is far higher than that for loading - appellant to discharge ST under GTA services: CESTAT
 
Mumbai, April 01, 2013
Refund of excess interest - Sec 12B it is clear that bar of unjust enrichment is applicable to duty only - law does not provide any presumption of passing incidence of interest on buyers - Appeal allowed: CESTAT
 
New Delhi, March 31, 2013
Containers movement by rail: Haulage charges to significantly go down from April 1, 2013
 
New Delhi, March 31, 2013
Out of 38 cities, 28 achieve 50% digitalisation; 4 cities achieve 100%
 
Paris, March 30, 2013
Global economy on recovery path but Europe lags behind: OECD
 
New Delhi, March 30, 2013
Transporters proposed strike from April 1 called off; Demands include removal of anti-dumping duty on tyre
 
New Delhi, March 29, 2013
CAD may be lower in Q4, hopes MoF
 
New Delhi, March 29, 2013
India’s external debt marginally goes down in Q4
 
Mumbai, March 28, 2013
I-T - Whether when assessee is given many opportunities to explain how rental income has become business income as claimed in return, lack of response from assessee justifies re-assessment u/s 147 - YES: Bombay HC
 
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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.