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, February 19, 2013
FEMA - It is only when a deposition goes through fire of cross-examination that Court or Statutory Authority may be able to determine and assess its probative value: Supreme Court
 
Mumbai, February 19, 2013
CX - Valuation - Related person - applicant has not produced any data at time of hearing to buttress contention that they have also made clearances to buyers other than L&T Ltd - pre-deposit of Rs 1.8 Cr ordered: CESTAT
 
Mumbai, February 18, 2013
I-T - Whether FBT is leviable on promotional gifts given to customers and travel agents even if no employer-employee relationship exists in this case - NO: ITAT
 
Mumbai, February 18, 2013
Commissioner(A) in remand proceedings enhancing demand from Rs 17,107/- to Rs 1,78,051.18 - quantum of demand cannot be justified - prima facie applicant has made out case for waiver of pre-deposit - Stay granted: CESTAT
 
Mumbai, February 18, 2013
Cus - In matters relating to FTP, it is always advisable to take opinion of authorities whose decision is final - Whether DEPB licence expires in middle of month or is valid till last date of month - Customs to seek opinion from office of DGFT in matter - Matter remanded: CESTAT
 
New York, February 17, 2013
Recession in Europe keeps global manufacturing output low in 2012: UN Report
 
New York, February 16, 2013
Recession hits tax havens also; China loses maximum capital in 10 years
 
Moscow, February 16, 2013
For balanced economic recovery, structural reforms more critical: OECD
 
Mumbai, February 15, 2013
I-T - Whether when recourse to recovery u/s 226 is taken against public trust, then no prior notice is warranted, although there exists no apprehension of diversion of funds: Bombay HC
 
Mumbai, February 15, 2013
ST - There is nothing in notification 17/2009 that it should be compulsorily availed by manufacturer exporter - Denial of CENVAT Credit is improper: CESTAT
 
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AR not Afar by SK Rahman



Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.