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CBIC revises tariff value of edible oils, gold and silverGST - SC tells UoI - Not necessary to make arrest in every caseAssassination attempt at Slovakia PM Fico; Serious injuries reportedFM says PM’s active monitoring behind infra sector turnaround6 burnt to death as bus catches fire after ramming into lorry in APIndian exports in April month registers 6.9% growthUnion Minister Jyotiraditya Scindia’ mother passes away after month-long treatment at AIIMSGovt consults stakeholders on protection of consumers from online fake reviewsTo promote cruise-ship tourism China allows visa-free entry of foreign touristsErroneous RefundModern Money Maze: Life Insurance or Annuity for Tax Advantage?I-T- Assessment order quashed where passed without considering assessee's request for adjourment seeking additional time to file reply to Show Cause Notice: HCGovt issues alert against incidents of 'Blackmail' by Cyber Criminals impersonating agenciesI-T- Re-assessment invalidated where assessee makes full & true disclosure of material facts necessary for assessment & where AO has no new tangible evidence: HCECI's second suo motu report on two month's enforcement of MCCIndia walls off 1000 Skype IDs used by cyber criminalsI-T - There cannot be any justification for allowing a deduction u/s 37(1) or u/s 28, of write-off of amount paid on encashment of this corporate guarantee: ITATGoogle to provide AI-powered answers in search: PichaiDefence Secy inaugurates midget submarine prototype & solar electric hybrid boat8 farmworkers die in Florida as bus rams into pickup truckI-T-If an expenditure has no connection with exempt income, then such expenditure cannot be disallowed u/s 14A: ITATTesla to lay off 600 more employeesUntimely demise of Sushil Modi; TIOL Knowledge Foundation loses a passionate patronPro-Palestine protesters wind up encampment at Harvard Univ

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Export incentives by commerce ministry and CBEC

Glad to know that the MOS for Finance and Commerce is one and same Mrs Nirmala Sitharaman There are large number of disputes in the implementation or extending the incentives announced by DGFT etc on the ground that the Customs Act and procedures are in contra.At lest a total review of all incentives announced can be reviewed and made in lne with the provisions of Customs Act In future the concessions can be announced after consultation and clearence by CBEC and DGFT or commerce ministry Wishing all the best for a new era of cohesive arrangement

Unnikrishnan V 27/05/2014

 

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