News Update

CBIC hosts Conference on functioning of Land Customs StationsCus - Notification 20 of 2023 prohibiting export of non-basmati white rice cannot be held to be contrary to the Foreign Trade Policy: HCEnhancing Indian Railways: Cabinet Approves 3 Railway ProjectsCus - Prohibition by Notification 20 of 2023 cannot be imposed with retrospective effect - Vested right cannot be taken away: HCVistara to merge with Air India on Nov 12Cus - Service of SCN - Section 153(1)(c) does not put any bar on using e-mail service provided by other than government agency - GOI e-mail policy of 2015 has no overriding power over statutory law: HCStalin says Microchip, Nokia & PayPal to set up facilities in TNCus - Merely because Petitioners have to deposit monies while filing an Appeal, does not mean that the Writ Petitions should be entertained: HCFloods death tally soars to 145 in ChadCX - There is no merit in the contention that prototypes are leviable to duty only when the project becomes commercially successful and not on its closure due to non-viability or abandoning of the project: CESTATCTA, 1975 - Has the last word been said on the question of levy of interest and penalty?South Korea Constitutional Court directs Govt to fix attainable carbon-reduction targets for 2031; recognises rights of future generationsVAT - Penalty rightly quashed where assessee suffered higher rate of tax meant for unregistered dealers & was not established to have evaded tax payment: HCGST - LIC slapped with Rs 606 Cr demand noticeRules amended for direct listing of securities by public Indian companies in GIFT IFSCSexual pestering movement crosses over from Malayalam to Tamil film industryVAT - Assessee received consideration for service rendered by it as dealer, under dealership agreement entered into with customer as agent of manufacturer - no VAT leviable since transaction does not qualify as sale: HCOne of 5 Delhi Councillors who joined BJP, goes back to AAP to undo mistakeNational Workshop on Right to Repair in Electronics Sector to propose Repairability IndexSpiceJet in deep financial pickle; sends 150 crew on leave without payCX - As proof of tax payment during import & subsequent transfers to service center is not contested & as stock is fully transferred to parent company's service center, then assessee is eligible to avail Cenvat credit: CESTATFor China, Virtue of structural overcapacity turns into poisonous chalice!Harris says she may induct a Republican into her CabinetNew vessel service introduced to connect Haldia to Jebel Ali Port in UAEFDA says smokers under 30 now need to show photo IDs to purchase tobacco productsCus - Declared value of imported goods rejected without adducing any substantial evidence; such order is rightly quashed: CESTATLiberia shuts down China Union’s mines for serious infringementsAyurvedic System effective in managing Rheumatoid Arthritis: StudyUkrainian F-16 goes down while neutering Russian missiles

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TIOL Tube brings you an interview with former US Secretary of Treasury, Mr. Larry Summers who was recently in Delhi.



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