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, January 14, 2013
CX - S 4A - there is no provision under Notf 2/2005 that abatement is to be taken from RSP excluding duty - appellant working under self assessment and it is their duty to compute and pay tax correctly - non-mentioning of correct AV in letter sent to AC is willful misstatement: CESTAT
 
New York, January 13, 2013
Rising gold prices mean more small-scale gold mining, which in turn means greater mercury threat to humans: UNEP Study
 
New Delhi, January 13, 2013
BRICS Countries resolve to strengthen BRICKS of Global Health System
 
New Delhi, January 12, 2013
Women account for 83% of 52.6 mn domestic workers worldwide: ILO
 
Mumbai, January 12, 2013
Since appeal of PSU was dismissed as CoD had declined permission to pursue appeal before CESTAT, it cannot be reopened in light of Apex Court decision in ECIL as held by CESTAT in case of Burn Standard Co - early hearing application dismissed: CESTAT
 
New Delhi, January 11, 2013
I-T - Whether when Trust receives donation vide post-dated cheque encashable in next FY and also fact that donor claims it after cheque is honoured in next FY, it can still be said that assessee violated provisions of Sec 13(2)(b) - NO: SC
 
Mumbai, January 11, 2013
ST - Maintenance and Repairs by Railway of sidings owned by pvt parties - Railways not collecting any statutory fee but service charges - liable to Tax - pre-deposit ordered of Rs.1.62 Crores: CESTAT
 
Mumbai, January 11, 2013
CENVAT Credit on imported cocoa beans - Cocoa shells arising during manufacture cleared without duty - invocation of rule 6(2) for recovery of amount of 5% on ground of availment of credit on common inputs is prima facie improper as cocoa shells is a waste - Stay granted: CESTAT
 
Hyderabad, January 10, 2013
I-T - Whether activities of assessee engaged in certifying standards for seeds to be used by farmers are to be construed as in relation to 'any trade, commerce or business' and thus not a body for charitable purpose - YES: AP High Court
 
New Delhi, January 10, 2013
Service Tax – Scope of exemption Notification cannot be whittled down by CBEC clarification: 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.