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, March 25, 2013
CENVAT - duty paying documents lost in transit - Powers of adjudication are given to quasi judicial authorities to sub-serve justice and not to deny them - appeal allowed: CESTAT
 
New Delhi, March 24, 2013
Cabinet Committee on Investment revamps procedures; speeds up approval for projects of Rs 1000 Cr or more
 
Paris, March 24, 2013
OECD Economic Survey of China calls for deregulation of macro economic parameters for inclusive growth
 
New York, March 23, 2013
UN calls for urgent action to tackle global sanitation crisis
 
New Delhi, March 23, 2013
Special Valuation Branch in Customs - The Great Indian Customs Loot!!
 
Chennai, March 22, 2013
Common inputs used in manufacture of CI castings captively used in manufacture of exempted PD pumps - Amount of 8% to be paid on price of PD pumps and not CI castings: High Court
 
New Delhi, March 22, 2013
I-T - Whether a sum can be added to income of assessee u/s 40A(2) although same has not been claimed as expenditure - NO: Delhi HC
 
New Delhi, March 22, 2013
Seeking to invoke inherent powers to keep away documents from Respondents which are very basis of Complaint - filing of petition by DRI appears malafide: HC
 
Mumbai, March 21, 2013
Rule 2(l) of CCR, 2004 - CENVAT credit - Services utilized for erection and installation of Ammonia Storage Tank at port are Input Services: High Court
 
Chennai, March 21, 2013
I-T - Whether for purpose of provisions of Sec 50C, valuation of sold plot of land can be modified if it is a distress sale - NO: ITAT
 
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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.