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CBIC amends tariff value of silver; No change for other commodities High Level Official Delegation from Mauritius visits National Centre for Good Governance Govt hikes Minimum Wages vide enhanced VDA for unorganised workers TRAI mandates whitelisted URLs, APKS, or OTT links for SMS Traffic GST - 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: HC France backs India’s membership to Security Council GST - No opportunity of personal hearing as was requested while replying to SCN was given - Order set aside: HC Jaishankar calls for reforms of WTO, G20 & UN GST - 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: HC Family of 5 found dead in car in TN; Suicide suspected Alternative Global Value Chain - Is India going to be 'Next China'!IMF okays USD 7 bn loan to support Pak’s sinking economy Cus - Unreasoned order - Order spoke for itself - Revenue counsel tries his best to justify order but in the end had to throw in the towel: HC Bombay HC quashes govt clearance given after construction in Coastal area Prevent misuse of s.114AA of Customs Act Brazil keen to ink trade deal with EU GST - 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: HC Harris promises tax credit and investments to US manufacturers CBIC notifies HAG benefits to 22 IRS officers Nukes may deflect asteroid threatening earth: Scientists After Iranian death threat, Trump says Iran should be torn into pieces India, Australia working to strengthen ECTA through CECA: Goyal US Intel suggests Russia has secret war drones factory in China Survey reveals 31% Indians now use e-com platforms for ordering grocery India's coal imports see marginal increase amid surge in Power Generation


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Ahmedabad, January 19, 2013 CX - CENVAT credit is available on plastic racks used in factory premises as capital goods - Revenue Appeal Dismissed: CESTAT

Mumbai, January 18, 2013 I-T - Whether when assessee is given option to convert land into industrial unit after approval, which was obtained after a long gap, profits from sale of such converted land, treated as stock-in-trade is to be treated as capital gains - YES: ITAT

Mumbai, January 18, 2013 Cus - Duty free shop storing goods in pvt bonded warehouse and then bringing goods to shop - Revenue allegation that bond executed for storing goods should be kept valid even after removal of goods till goods are sold - Revenue's appeal dismissed: CESTAT

Mumbai, January 18, 2013 CENVAT - Revenue contention that applicant does not have any facility to manufacture excisable goods, hence cannot avail CENVAT - law allows import of by merchant exporter having supporting manufacturer - once duty has been paid, CENVAT credit cannot be denied - Stay granted: CESTAT

New Delhi, January 17, 2013 CBDT Chairman issues major clarification on availability of Ss 10A, 10AA & 10B benefits to IT Sector

Mumbai, January 17, 2013 Income tax - Whether expression 'business of the undertaking' is wider in ambit than words �profit of the undertaking' used in Section 10B - YES: ITAT

Mumbai, January 17, 2013 ST - Board had clarified that if main service provider is discharging tax liability then sub-contractors to main service provider need not pay service tax on same activity - this position changed after extension of CENVAT credit to service tax sector - in such scenario it cannot be said that sub-contractor deliberately evaded service tax: CESTAT

Bangalore, January 17, 2013 CX - Denial of CENVAT - Merely because they have not paid duty on sacks which were manufactured in factory of job worker, there is no justification for denial of credit on inputs which have gone into packing materials - Order of Commissioner (Appeals) is legal and proper: CESTAT

Kolkata, January 16, 2013 ST - CAG has no power to audit records of private assessees; since conflicting decision appears to have been given in another case, matter referred to Division Bench : High Court

New Delhi, January 16, 2013 I-T- Whether when assessee is a leasing and finance company, it gets deprived of depreciation benefits on assets leased out to third parties - NO: SC

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