News Update

Amritsar Customs seizes heroin worth Rs 5 Cr from train wagons coming from PakistanApex Court sets up Committee for uniformity in appointment of judges for lower judiciaryCabinet approves repeal of 105 obsolete lawsNet Zero Imports of electronics - Cabinet approves amendment in Incentive SchemeCabinet gives nod to package to support MSEsCabinet approves exclusion of States from investments of Small Savings FundCabinet okays Trade pact negotiations with PeruGovt-owned Insurance Cos allowed listing at stock exchanges (See 'Corp Brief' in issues detailed FAQ on PM Garib Kalyan YojanaTRAI seeks AG's legal view on Reliance Jio's tariff planSection 54GB of Income Tax Act, 1961 needs amendmentReturns under model GST lawI-T - Whether payments made for 'specialized jobs' which are outsourced on job work basis, warrants application of Section 194-I - NO: HCMultiple-stage taxation of FPIs, FIIs & VCFs - CBDT puts Circular No 41/2016 in abeyance till representations are decidedCus - It is not case of department that courier company itself was actively involved in any violation by taking help of its employees with intent to evade any duty - punishment already suffered by keeping them out of business & imposition of penalty suffices: CESTATGovt to name New CBI Chief by FridayCX - Duty paid MV returned after ARAI testing subjected to Fluid level, AC performance and electrical system checks - process not manufacture, hence appellant to pay an amount equal to credit taken - duty discharge on TV not proper : CESTATMinimum import price of Areca Nuts is enhanced to Rs. 251/- per KilogramCBDT lays emphasis on creation of assets by field formationsCBDT gives Additional Charge to 14 Principal DGIT and CCITsNIA looking for DSP on deputationNine ITAT Members transferred at All India levelAmit Mohan Govil, IRS-1990, is latest Commissioner to join TPRU

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