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Thursday , July 30, 2015 | Updated : Jul 30, 12:35 IST
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NEWS FLASH
 
Centre trying hard for a reasonable GST rate: Revenue Secretary Bharat Ratna Dr Kalam laid to rest in Rameswaram CX - Iron and steel obtained by breaking up of ships - two different notifications for two similar assessees not correct: Supreme Court (See 'Breaking News') Terrific 'Run' of P-Note bumps into SIT wall! (See 'The Cob (Web)' Column) CX - whether an assessment proceeding can continue against legal representatives / estate of a sole proprietor/manufacturer after he is dead - No: Supreme Court (See 'Breaking News') Excise Duty beyond Death (See 'DDT' Column) I-T - Whether when assessee pays interest on interest, deduction for such sum is not allowable as per provisions of Sec 36(1)(iii) - YES: HC (See 'Breaking News') European Commission Modernises Customs Procedures (See 'DDT') CX - Manufacture - Concurrent finding of fact on manufacture by all three lower authorities accepted: Supreme Court (See 'Breaking News') CCI imposes penalty of Rs 16.8 lakh on Karnataka Film Chamber of Commerce (See 'Mixed Buzz') CX - Provisions of Rule 9 of CCRs do not provide any restriction that credit is not allowed in respect of invoices issued by ISD in respect of service received prior to registration as ISD - Rs 27.8 Cr demand set aside: CESTAT (See 'Breaking News') Morality, ethics and public service delivery (See 'DDT') Union Cabinet approves changes in GST Bill as recommended by RS Panel + New Consumer Protection Bill Govt to provide e-Tourist Visa to China, HK & Macau from today CCI imposes penalty of Rs 16.8 lakh on Karnataka Film Chamber of Commerce Haryana CM to announce New IT Policy to make State more attractive for investment Amitav, CIT, 1990 Batch, posted as CIT (Inv) in CBDT FIPB okays 7 proposals worth 981 Crore, including that of Hathway Cable worth Rs 963 Crore Govt should manage well both risks & benefits of fragile global environment (See 'Editorial') Grievance Redressal - CBDT to set up 58 more ASK Centres in current fiscal (See 'Mixed Buzz') CX - By keeping in view commercial necessity of appellant and benevolent nature of Rule 16C of CER, 2002, CCE, Pune-IV to grant permission to appellant under Rule 16C of Rules for FY 2015-2016 - Appeal allowed: CESTAT (See 'Breaking News') Applications invited to fill up post of Chairman, Cochin Port Trust, on deputation basis (See 'Deputation' in Pitara) CX - Classification - Close-Up Whitening dental cleaner is not 'toothpaste' but other form of dental hygiene - to be classified under sub-heading 3306.90: Supreme Court (See 'Breaking News') Is 'Close Up Whitening' a toothpaste or dental cleaner? (See 'DDT' Column) Refund of TED - It is well-settled principle of law that Court cannot direct statutory authority to exercise discretion in particular manner - Single Judge ought not to have directed DGFT to pass an order keeping in mind observations made therein: High Court (See 'Breaking News') Explanation inserted by Notifications 37, 38 and 39-CE operate retrospectively (See 'Guest' Column) ST - Appellant, during July to Sept 2007, hired rigs from overseas & enlisted same to ONGC - services would not fall under 'Mining of mineral oil and gas service': CESTAT (See 'Breaking News') Confusion, damage control and now, more confusion (See 'Guest' Column) I-T - Whether assessee can claim depreciation although land and building vested in Municipal body and assessee had only made part payment to Housing Board but was in full control of buildings - YES: HC (See 'Breaking News') Permission for babus to go abroad - Govt to communicate decision in 21 days (See 'DDT') Competition Commission imposes penalty of Rs 420 Cr on Hyundai; Relief for Reva and Premier (See 'Breaking News') Export of sawn timber to Nepal - CBEC notifies Raxul as authorised LCS (See 'What's New') CX - Rule 6 of CCR is not enacted to extract illegal amount - legislature has not enacted any provision by which credit, which is other than credit attributed to input services used in exempted goods or services can be recovered from the assessee - 25 cr. Demand set aside: CESTAT (See 'Breaking News') UN Assembly endorses action plan on post-2015 development financing (See 'Mixed Buzz') Union Cabinet passes resolution stating Dr Kalam was a visionary scientist & true nationalist; Parliament adjourned Summer crops prospects are good so far except in four States: IMD Chief ST - Job worker paying ST upon insistence by audit - Merely because department has detected and assessee has paid ST, that alone is not sufficient to allege that there is suppression - Credit rightly availed: CESTAT (See 'Breaking News') Good Bye Mr Kalam (See 'DDT') Centre trying hard for a reasonable GST rate: Revenue Secretary Bharat Ratna Dr Kalam laid to rest in Rameswaram CX - Iron and steel obtained by breaking up of ships - two different notifications for two similar assessees not correct: Supreme Court (See 'Breaking News') Terrific 'Run' of P-Note bumps into SIT wall! (See 'The Cob (Web)' Column) CX - whether an assessment proceeding can continue against legal representatives / estate of a sole proprietor/manufacturer after he is dead - No: Supreme Court (See 'Breaking News') Excise Duty beyond Death (See 'DDT' Column) I-T - Whether when assessee pays interest on interest, deduction for such sum is not allowable as per provisions of Sec 36(1)(iii) - YES: HC (See 'Breaking News') European Commission Modernises Customs Procedures (See 'DDT') CX - Manufacture - Concurrent finding of fact on manufacture by all three lower authorities accepted: Supreme Court (See 'Breaking News') CCI imposes penalty of Rs 16.8 lakh on Karnataka Film Chamber of Commerce (See 'Mixed Buzz') CX - Provisions of Rule 9 of CCRs do not provide any restriction that credit is not allowed in respect of invoices issued by ISD in respect of service received prior to registration as ISD - Rs 27.8 Cr demand set aside: CESTAT (See 'Breaking News') Morality, ethics and public service delivery (See 'DDT') Union Cabinet approves changes in GST Bill as recommended by RS Panel + New Consumer Protection Bill Govt to provide e-Tourist Visa to China, HK & Macau from today CCI imposes penalty of Rs 16.8 lakh on Karnataka Film Chamber of Commerce Haryana CM to announce New IT Policy to make State more attractive for investment Amitav, CIT, 1990 Batch, posted as CIT (Inv) in CBDT FIPB okays 7 proposals worth 981 Crore, including that of Hathway Cable worth Rs 963 Crore Govt should manage well both risks & benefits of fragile global environment (See 'Editorial') Grievance Redressal - CBDT to set up 58 more ASK Centres in current fiscal (See 'Mixed Buzz') CX - By keeping in view commercial necessity of appellant and benevolent nature of Rule 16C of CER, 2002, CCE, Pune-IV to grant permission to appellant under Rule 16C of Rules for FY 2015-2016 - Appeal allowed: CESTAT (See 'Breaking News') Applications invited to fill up post of Chairman, Cochin Port Trust, on deputation basis (See 'Deputation' in Pitara) CX - Classification - Close-Up Whitening dental cleaner is not 'toothpaste' but other form of dental hygiene - to be classified under sub-heading 3306.90: Supreme Court (See 'Breaking News') Is 'Close Up Whitening' a toothpaste or dental cleaner? (See 'DDT' Column) Refund of TED - It is well-settled principle of law that Court cannot direct statutory authority to exercise discretion in particular manner - Single Judge ought not to have directed DGFT to pass an order keeping in mind observations made therein: High Court (See 'Breaking News') Explanation inserted by Notifications 37, 38 and 39-CE operate retrospectively (See 'Guest' Column) ST - Appellant, during July to Sept 2007, hired rigs from overseas & enlisted same to ONGC - services would not fall under 'Mining of mineral oil and gas service': CESTAT (See 'Breaking News') Confusion, damage control and now, more confusion (See 'Guest' Column) I-T - Whether assessee can claim depreciation although land and building vested in Municipal body and assessee had only made part payment to Housing Board but was in full control of buildings - YES: HC (See 'Breaking News') Permission for babus to go abroad - Govt to communicate decision in 21 days (See 'DDT') Competition Commission imposes penalty of Rs 420 Cr on Hyundai; Relief for Reva and Premier (See 'Breaking News') Export of sawn timber to Nepal - CBEC notifies Raxul as authorised LCS (See 'What's New') CX - Rule 6 of CCR is not enacted to extract illegal amount - legislature has not enacted any provision by which credit, which is other than credit attributed to input services used in exempted goods or services can be recovered from the assessee - 25 cr. Demand set aside: CESTAT (See 'Breaking News') UN Assembly endorses action plan on post-2015 development financing (See 'Mixed Buzz') Union Cabinet passes resolution stating Dr Kalam was a visionary scientist & true nationalist; Parliament adjourned Summer crops prospects are good so far except in four States: IMD Chief ST - Job worker paying ST upon insistence by audit - Merely because department has detected and assessee has paid ST, that alone is not sufficient to allege that there is suppression - Credit rightly availed: CESTAT (See 'Breaking News') Good Bye Mr Kalam (See 'DDT')
 
   
TIOL TUBE SNIPPETS
Replies to these questions can be found by clicking on the text of these questions.
DDT (Daily Dose of Taxation)

Excise Duty beyond death

With VIJAY KUMAR

Excise Duty beyond death
Published: July 30, 2015

View previous DDTs »

WHAT'S NEW
CUS
:
Not 40 NT 70-71 Cir 19
ADD
:
Not 34 SG: 01  
EX
:
Not 37-39 NT 18 Cir 1005
S.TAX
:
Not 17 Cir 185 JS TRU
I-T
:
Not 60 Cir 13  
DGFT
:
Not 16 PN 28 Cir02
RBI
:
Cir 04-06 Notif  
BREAKING NEWS

New Delhi, July 30
Central Excise - Iron and steel obtained by breaking up of ships - two different notifications for two similar assessees not correct: Supreme Court

New Delhi, July 30
Central Excise - whether an assessment proceeding under Central Excises and Salt Act, 1944, can continue against legal representatives/estate of sole proprietor/manufacturer after he is dead.: No: Supreme Court

New Delhi, July 30
Central Excise - Manufacture - Concurrent finding of fact on manufacture by all three lower authorities accepted: Supreme Court

Jaipur, July 30
I-T - Whether when assessee pays interest on interest, deduction for such sum is not allowable as per provisions of Sec 36(1)(iii) - YES: HC

Mumbai, July 30
CX - Provisions of Rule 9 of CCR do not provide any restriction that credit is not allowed in respect of invoices issued by ISD in respect of service received by them prior to registration as ISD - Rs.27.79 crores demand set aside: CESTAT

MIXED BUZZ
XCuSE Updates
XCuSE
THE COB (WEB)
Terrific 'Run' of P-Note bumps into SIT wall!by SHAILENDRA KUMAR

Terrific 'Run' of P-Note bumps into SIT wall!
Published: July 30, 2015

View previous 'The COB(Web)s'»
TIOL EDITORIAL
Govt should manage well both risks & benefits of fragile global environment by TIOL EDIT TEAM

Govt should manage well both risks & benefits of fragile global environment
Published: July 29, 2015

View previous Editorials»

ICE CUBES
by NARESH MINOCHA Govt must break Parliament logjam over Lalitgate

Govt must break Parliament logjam over Lalitgate
Published: July 26, 2015

View previous ICE CUBEs »

GUEST COLUMN

Explanation inserted by Notifications 37, 38 and 39-CE operate retrospectively
ASHISH SINGHVI
Published: July 29, 2015

Confusion, damage control and now, more confusion
S MURUGAPPAN
Published: July 29, 2015

View previous Guest Column(s);

ST se GST tak

Rubaru with RS Panel on GST Bill - A humbling experience!by SUMIT DUTT MAJUMDER

Rubaru with RS Panel on GST Bill - A humbling experience!
Published: July 28, 2015

View previous ST se GST tak(s)»

View 'ST - New Law +VE or -VE' Articles»

 
 
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