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 07, 2013
Air India importing 'aircraft engine' for repairs - benefit of Notfn. 21/2002-Cus not available - since confiscation ordered, payment of Customs duty at time of redemption cannot be faulted - appeal dismissed: CESTAT
 
Chennai, March 07, 2013
Soaps manufactured without usage of power – Using electricity for unloading raw material cannot be held as 'manufacture with aid of power': CESTAT
 
Chandigarh, March 06, 2013
I-T - Whether an authority which has been established to promote development of 'urban area’ and vested with powers to hold, acquire, dispose of property or frame schemes, can be considered as 'Municipality' within Sec 2(14) - YES: HC
 
Mumbai, March 06, 2013
ST - appellant is not merely acting as Commission Agent but is also operating showroom, & collecting sale proceeds on behalf of principal TANISHQ - such activities do not come within purview of Commission agent hence benefit of notf. 13/2003-ST correctly denied: CESTAT
 
Mumbai, March 06, 2013
MODVAT - Credit taken on capital goods cannot be denied on ground that same was used for processing of semi-processed goods on job work basis which are exempted under Notification No 214/86-CE - Revenue's appeal dismissed: HC
 
New Delhi, February 27, 2013
Downturn is almost over; Growth to be over 6.1% next fiscal: Economic Survey
 
Chennai, February 27, 2013
I-T - Whether principle of consistency fails when certain benefits, not legally available to assessee, were allowed in the past - YES: ITAT
 
Mumbai, February 27, 2013
Cus - Goods destroyed in floods - Remission - As amount settled in favour of appellant by Insurance Co does not include any Customs duty in respect of bonded goods, question of recovering duty remitted does not arise at all: CESTAT
 
New Delhi, February 27, 2013
CX - Rule 10A Valuation - appellants are required to purchase raw materials for manufacture of moulded furniture from approved suppliers - prima facie appellant is not covered by definition of 'job worker' - Stay granted: CESTAT
 
New Delhi, February 26, 2013
Bansal proposes more amenities but for a Price
 
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