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, January 06, 2013
ADB study finds CBDT staffing & revenue deficient
 
New Delhi, January 06, 2013
Govt pursuing amendment in Mines Act; to ratify ILO Convention: Minister
 
New Delhi, January 05, 2013
NGOs urge FM to exempt them from service tax
 
New Delhi, January 05, 2013
CCTNS Project to foster greater accountability in Govt functioning: Shinde
 
New Delhi, January 04, 2013
Income tax - Whether when loan advanced by JV partner for purchase of capital assets is converted into share premium of loss-making assessee company, same can be treated as trading receipt - NO: ITAT
 
New Delhi, January 04, 2013
CX - Rule 26 - Merely because manufacturer has discharged duty liability with penalty, proceedings against co-noticees cannot be held to be conclusive in nature - Commr(A) extending benefit of proviso to sub-section 2 of sec 11A to employees & authorised signatories is not in accordance with law: CESTAT
 
New Delhi, January 04, 2013
Co-operative society promoted by six banks to provide training to employees - banks pay charges to society - whether liable to ST - prima facie view is that word 'commercial' in definitions at sec 65 cannot be considered to be superfluous - Stay granted: CESTAT
 
Bangalore, January 03, 2013
I-T - Whether when assessees reimburse costs to a third party for manufacturing steel in a pre-determined ratio, such payments are to be treated as FTS, liable to withholding tax - NO: ITAT
 
Mumbai, January 03, 2013
CX - Stay - Pre-deposit - Commissioner (Appeals) to show that he has at least prima facie considered submissions of parties: Bombay HC
 
Mumbai, January 03, 2013
Cus - Import of printed items relating to textile colour designing - Merely because textile material occupies more space it cannot be stated that they are not books - Obviously, a textile material cannot be printed on a paper and has to be pasted - Appeal allowed: CESTAT
 
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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.