News Update

CBIC revises tariff value of edible oils, gold & silverFormer IPS officer Sanjiv Bhatt jailed for 20 yrs for planting drugs to frame lawyerCentre receives Rs 18.5 lakh crore tax revenue upto Feb monthUN says Households waste across world is now at least one billion meals a dayExpert Committee on developing GIFT IFSC as 'Global Finance and Accounting Hub' submits report to IFSCAIndia, China hold fresh dialogue for complete disengagement on Western borders: MEADefence Production issues notification for re-organisation of DGQAThakur says India is prepared for 2036 OlympicsCBDT substitutes Form in ITR-5EV Revolution: Lessons for India to learn from US and China!London court green-signals auction of luxury apartment of fugitive Nirav ModiGovt consults RBI; finalises borrowing plan for first half of FY 2024-25Gadkari says Farmers’ protest is politically-motivatedVP calls upon women entrepreneurs to be 'Vocal for Local'America offers USD 10 mn bounty for information on ‘Blackcat’ hackers after UnitedHealth gets hitI-T- The order of the ITSC can only be reopened in cases of fraud or misrepresentation: HC8 persons including Hezbollah militants killed in Israeli strike on LebanonMacron pillories EU-South Africa trade deal; calls it ‘really bad’ in BrazilThailand’s Lower House okays Bill to legitimise same-sex marriageYellen warns China against clean energy dumpingMilky Way’s central black hole - Twisted magnetic field observedCus - Assessee has not proved beyond reasonable doubt that goods in question imported under air way bills/bills of entry were in fact filed by him and hence the only natural corollary available to Revenue is confiscation of same: CESTATSmall investors help Trump Media’s valuation skyrocket to USD 13 billionJustice Ritu Raj Awasthi joins as Judicial member of Lokpal
 
Page 448
Allahabad, June 16, 2015
Mandatory pre-deposit of fixed percentage of duty & penalty - Amended provisions of Section 35F of Central Excise Act, 1944 do not apply for appeals filed and pending as on date of amendment: High Court
 
Mumbai, June 16, 2015
ST - Irrespective of fact whether activity is classified as 'port service' or as 'Cargo handling' service, stated policy of government is to exempt exports from levy of any tax: CESTAT
 
Mumbai, June 15, 2015
ST - When respondent's appeal was decided by setting aside extended period of limitation and holding that this could be issue of interpretation, question of confiscation of CENVAtted capital goods does not arise: CESTAT
 
Mumbai, June 15, 2015
ST - Appellants are tele infrastructure providers and pay ST under BSS - Towers are leased to various Cos - credit of tax paid on capital goods & input services for erecting Towers is admissible as credit: CESTAT
 
Tripura, June 15, 2015
VAT - Whether while conducting seismic survey assessee can be said to be engaged in works contract, even if there is no stipulation regarding transfer of goods or rights to use such property in contract - NO: HC
 
Kolkata, June 15, 2015
ST - Banking & other Financial services - All issues remanded to Adjudicating Authority to examine documents and to determine taxability and quantification: CESTAT
 
Mumbai, June 15, 2015
CX - Valuation - 40 year old matter - while determining AV in respect of captively consumed goods, proper officer has to make reasonable adjustments taking into consideration all relevant factors - Matter remanded: CESTAT
 
Mumbai, June 14, 2015
ST - Factual errors rectified in ROM application proceedings - in entire final order where assessee has been referred as 'appellant' be now referred as 'respondent' : CESTAT
 
Mumbai, June 13, 2015
Cus - As adjudicating authority had already passed order in remand consequent upon Revenue's appeal before Tribunal, when appeal of importer came up before CESTAT matter could not have been remanded again: CESTAT
 
New Delhi, June 12, 2015
Industrial production finally picks up; registers 4.1% growth in April, 2015
 
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