News Update

ST - Amendment made to FA, 1994 on 14.05.2015 making service tax applicable retrospectively on chit-fund business is only prospective - Refund payable of tax paid between 01.07.2012 to 13.05.2015: HCST - SVLDRS, 2019 - Amnesty Scheme, being of the nature of an exemption from the requirement to pay the actual tax due to the government, have to be considered strictly in favour of the revenue: HCCX - Issue involved is valuation of goods u/r 10A of CE Valuation Rules, 2000 - Appeal lies before Supreme Court: HCCus - Smuggling - A person carrying any article on his belonging would be presumed to be aware of the contents of the articles being carried by him: HCCus - Penalty that could be imposed for smuggling 3.2 kg of gold was Rs.88.40 lakhs, being the value of gold, but what is imposed is Rs.10 lakhs - Penalty not at all disproportionate: HCCus - Keeping in mind the balance of convenience and irreparable injury which may be caused to Revenue, importer to continue indemnity bond of 115 crore and possession of confiscated diamonds to remain with department: HCCus - OIA was passed in October 2022 remanding the matter to adjudicating authority but matter not yet disposed of - Six weeks' time granted to dispose proceedings: HCI-T - High Court need not intervene in matter involving factual issues; petitioner may utilise option of appeal: HCChina asks Blinken to select between cooperation or confrontationI-T - Unexplained cash credit - additions u/s 68 unsustainable where based on conjecture & surmise alone: ITATHonda to set up USD 11 bn EV plant in CanadaI-T - Re-assessment is invalid where based only on a suspicion that income escaped assessment & where not based on concrete reasons to believe for commencing such proceedings : ITATImran Khan banned from flaying State InstitutionsI-T - Income from sale of flats cannot be computed in assessee's hands, where legal possession of flats had not been handed over to buyers in that particular AY: ITATPro-Palestine demonstration spreads across US universities; 100 arrestedI-T - Investment activities in venture capital which are not covered in negative list under Schedule III to SEBI Regulations, qualifies for deduction u/s 10(23FB): ITATNATO asks China to stop backing Russia if keen to forge close ties with WestCus - When Department has not complied with time limit, the order issued for revocation of licence or order issued for continuation of suspension licence cannot sustain: CESTATNY top court quashes conviction of Harvey Weinstein in rape caseWeather prediction normal for phase 2 poll dayIndiGo orders 30 Airbus A350s for long haulsST - Appellant is an 'authorised medical practitioner' providing 'healthcare services' - services exempted in terms of clause 2(i) of notification 25/2012-ST: Commr(A)RBI to issue fresh guidelines for banks to freeze suspected bank accounts being used for cyber crimesREC avails SACE-Covered Green Loan for 60.5 Billion Japanese YenStudy finds Coca-Cola accounts for 11% of branded plastic pollution worldwideCus - 'Small Form-factor Pluggable Optical Transceivers' are classifiable under CTH 8517 7090 and not under CTH 8517 62 90 - entitled for benefit of duty concession under 57/2017-Cus: CESTATDoNER discusses Development of Tourism in North EastCX - Appellant is eligible for exemption under Notfn 12/2012-CE upon fulfilling all conditions stipulated therein, thus sufficiently establishing that goods dealt with by Appellants qualify for exemption: CESTAT
 
One in every 10 cigarettes consumed is illicit: WHO

By TIOL News Service

NEW DELHI, MAY 28, 2015: ONE in every 10 cigarettes consumed is illicit, making them cheaper and more accessible to people from low-income groups, as well as to children, the World Health Organization (WHO) has warned ahead of this year's World No Tobacco Day, devoted to combatting the illegal tobacco trade.

"The tobacco epidemic is one of the world's biggest-ever public health threats, killing nearly six million people annually," WHO said in a factsheet on tobacco released today. "Unless urgent action is taken, the annual death toll could rise to more than eight million by 2030."

And nearly 80 per cent of the world's one billion smokers live in low- and middle-income countries, where the burden of tobacco-related illness and death is heaviest, according to WHO.

WHO went further to warn that tobacco, which caused 100 million deaths in the 20th century, may cause one billion deaths in the 21st century if current trends continue. Each year, World NO Tobacco Day is marked on 31 May by WHO and its partners to highlight the health risks associated with tobacco use and advocate for effective policies to reduce tobacco consumption.

Because the illicit trade of tobacco products poses major health, economic and security concerns worldwide, WHO has said combatting the illegal tobacco trade is the theme of this year's Day, which falls on Sunday.

"Illicit trade makes tobacco products more affordable and accessible to people from low income groups, as well as children," according to the WHO report Illegal trade of tobacco products: what you should know to stop it.

"Illicit tobacco products are typically sold at lower prices, thereby increasing consumption. Tax and price policies are widely recognized as among the most effective means of reducing demand for, and consumption of, tobacco products," it said. "But the illicit trade undermines tax policies, facilitates the uptake of tobacco use by youth and increases health inequalities within the society."

A key objective of this year's campaign to advocate for the ratification and implementation by governments of the Protocol to Eliminate the Illicit Trade in Tobacco Products, which is a supplementary treaty to the WHO Framework Convention on Tobacco Control.

The WHO Framework Convention on Tobacco Control entered into force in February 2005. Since then, it has become one of the most widely embraced treaties in the history of the United Nations with 180 Parties covering 90 per cent of the world's population.


POST YOUR COMMENTS
   

TIOL Tube Latest

Shri N K Singh, recipient of TIOL FISCAL HERITAGE AWARD 2023, delivering his acceptance speech at Fiscal Awards event held on April 6, 2024 at Taj Mahal Hotel, New Delhi.


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