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Saturday , August 27, 2016 | Updated : Aug 26, 23:26 IST
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NEWS FLASH
 
PM orders setting up of Task Force to prepare action plan for next three Olympics in 2020, 2014 & 2028 DANICS officers seek DoPT intervention for cadre review (See 'Mixed Buzz') Cargo operators from RCS airports - Duty benefits granted to ATF (See 'Notifn 32' in What's New) CBEC notifies new Customs exchange rate for South African Rand (See 'Notifn 117' in 'What's New') Board of Approval grants extension to seven SEZ CBEC issues revised guidelines in respect of disposal of confiscated goods through NCCF/Kendriya Bhandar & other Consumer co-operatives (See 'Cir 39' in 'What's New') Sales Tax - Whether if there is movement of goods sans complete papers, penalty is only recourse to recoup loss of Revenue and there is no need to prove mens rea in such cases - YES: Supreme Court (See 'Breaking News') India needs to change laws; remove meaningless procedures & speed up processes to go beyond mere incremental progress: PM Goa to ratify GST Bill next Wednesday; Congress to extend support, says Opposition leader in Assembly Naidu asks IIS officers to adapt to new technologies (See 'Mixed Buzz') Trade tax Act - Whether benefit of exemption u/s 4B(1) can be restricted to a manufacturer only who is engaged in sale of goods, when said provision itself extends such benefit to first purchaser who sells goods to another dealer having valid recognition certificate u/s 4B(2) - NO: SC (See 'Breaking News') Customs Rummaging Cash-ual? (See 'DDT' Column) I-T - Whether mere mentioning of actual assets of a newly constructed plot by a developer in valuation report, without disclosing same in return, consitutes sufficient reasons for Revenue to believe that income chargeable to tax has escaped assessment - YES: SC (See 'Breaking News') Refund of unutilized CENVAT Credit on closure of factory is admissible - As LB decision relied on by Revenue did not consider High Court order allowing refund, same cannot be followed: CESTAT (See 'Breaking News') Customs Exemption from CVD Supreme Court Dismisses Revenue's Review Petition in SRF case (See 'DDT') Don't Publish Names of Advocates or Judges - High Court Tells Publications (See 'DDT') Chennai Customs seizes foreign cigarettes worth Rs 7 Cr smuggled as plywood sheets Joint Press Meet with Home Minister - J&K CM abruptly wraps up media briefing Scorpene Submarines - leakage of documents - India takes up issue with French Govt Commerce Minister favours 2% interest subvention for MSME Sector Devender Singh transferred to Mumbai from Chandigarh (See 'Tribunal' in Excise) TN VAT - Section 19(20) inserted by way of amendment is a provision which is made for first time to detriment of dealers and, therefore, cannot have a retro effect; constitutional validity upheld: SC (See 'Breaking News') Rs 500 Crore Hiranandani Communities first industrial park to be set up in Pune Union Budget Presentation - Why January? Why not November? (See 'THE COB (WEB)' Column) Cus - Commissioner(A) clearly found that Benzopyrrole is freely importable on basis of DGFT letter, yet denied benefit - without contesting, content of letter could not have been rejected - appeal allowed: CESTAT (See 'Breaking News') Treading the GST Path-1 - A 'Principal' mismatch? (See 'ST se GST tak') GST Compliance - A Costly Affair (See 'ST se GST tak') CX - In absence of any restrictive clause in agreement, amount received by respondent towards pre-delivery inspection, erection/installation/commissioning charges are not includible in AV: CESTAT (See 'Breaking News') Cabinet okays Central Scheme to aid to victims of terror attacks (See 'Mixed Buzz')
 
Untitled Document

TIOL PROFILE

Taxindiaonline.com ("TIOL"), established in May 2000, is a reputed and FIRST Govt of India (Press Information Bureau) recognised ONLINE MEDIA and resource company providing business-critical information, analyses, expert viewpoints, editorials and related news on developments in fiscal, foreign trade, and monetary policy domains.  Our business has enabled our growing audience and subscriber-base, comprising of multinational and domestic corporations; service providers such as lawyers, consultants, and accounting firms; Governmental ministries and departments; officials connected to revenue, taxation, and commerce; and a growing number of foreign users who are active or keen to do business with India, to have access to accurate, and understandable analyses of essential but otherwise complicated and difficult-to-obtain information. 

TIOL’s salient feature has been its ability to bridge ongoing communication gaps that exist between policymaking, policy interpretation, and policy application.  We interpret, simplify, and effectively disseminate in-depth analyses of not only policies and notifications from the various fiscal departments of the Government, but also of precedent-setting tax and trade case judgments from the various courts and tribunals in the country. Due to the widening net of taxation and compliance, ongoing modifications in trade policies, and onerous penalties for non-compliance, the durability of our core business proposition continues to be strengthened. Our business is positioned to grow in tandem with the urgent requirements of a rapidly enlarging audience not only in India, but abroad as well.

We are the acknowledged pioneers in our field, regarded as the legitimate online resource provider in our domain. Our credibility and leadership position has been steadily earned over almost sixteen years since we commenced operations, and has been achieved through our proven ability to deliver resource information on a timely basis, along with meaningful editorial content which includes commentaries by a number of high-ranked experts available on TIOL Panel. Our approach emphasizes good ethics, characterized by its neutrality and fairness; this key ingredient has contributed to our loyal viewer-ship, our growing base of customers, and our overall business reputation. Much of our audience and customers believe, on account of the wide compass and depth of our coverage and services, that we are a large corporate entity - our public perception is indeed larger than our actuality.

Underscoring the value of our business premise is the fact that we have amongst the active users of our services, the Ministry of Finance which sets the fiscal policies for the country, The Ministry of Commerce which sets the trade policies for the country, the Reserve Bank of India which tailors the Monetary Policy, and the Big accounting firms, including the 'Big Four' who subscribe to our information packages and use these as a critical resource tool in order to effectively provide their services.  Our services are used by key policy decision makers for inputs on policy-making; by corporate management for airing their grievances caused by flawed policies; and by journalists and other media companies as a research tool.

We pride ourselves as a dynamic, adaptive & learning organization. As individuals and as a company we operate within our values, on account of which we have enjoyed our ten-year journey, and have made an impact. Our values may be encapsulated as follows:

  • To build and maintain an environment of trust, everyone counts, everyone contributes;

  • To drive innovation to results through teamwork.

  • To form strategic relationships with partners who share our values, bring intellectual capital to support our vision and ideals;

  • Above all, always take the high road.

Editor-in-Chief: Vijay K. Kumar enjoys a substantial reputation in issues pertaining to indirect taxation. He has written several articles on Central Excise, Customs, Service Tax and allied matters for the Excise Law Times and for TIOL. He has also authored popular books in their field titled "Guide To Excise Valuation" and "Excise on Textiles". Prior to joining TIOL, his experience includes 22 years with the Central Board of Excise & Customs. He is a practicing tax lawyer and assists TIOL in handling client issues pertaining to legal tax consulting as well.  He holds a Master in Arts, and Degree in Law. He also authors a Daily column, popularly known as DDT (Daily Dose of Taxation). His DDT Column has found a place in the Limca Book of Records as the longest running Daily Column on Taxation for fifth year in a row.

DDT

CEO & Managing Editor: Shailendra Kumar, founder and CEO of TIOL started his career with The Indian Express Newspaper in 1990 and then moved on to The Economic Times where he worked for more than five years before taking the entrepreneurial route to launch TIOL, an idea based on business needs which he realized as a financial journalist. His vision was to create a knowledge-driven company which eased the burden on corporations & acted as a media watchdog for Indian tax and trade policies. He spearheads the business in all of its facets, including regular interactions with various policy makers and administrators, and managing the editorial and news gathering team at TIOL. Mr. Kumar holds a Bachelor of Economics Honours degree from the University of Delhi, and has a Post Graduate Degree in Mass Communication from the Indian Institute of Mass Communication. He was the recipient of the 2001 Outstanding Media Professional Award presented by the India International Professionals Forum. He is also the First Recipient of CERTIFICATE OF MERIT conferred by the World Customs Organisation headquartered at Brussels. He writes a much-awaited and widely-acclaimed weekly column for TIOL - The Cob(Web).

TIOL Awarded WCO Certificate of Merit
It's Raining Black

He has also authored a book "It's Raining Black! Chronicles of Black Money, Tax Havens and Policy Response" that talks about policy measures framed by the government to tackle the menace of illegal funds in the country and abroad. It also contains anecdotal incidents of action undertaken by various financial law enforcement agencies like the Central Board of Direct Taxes (CBDT), Enforcement Directorate (ED) and Department of Revenue Intelligence as part of their mandate. The book is a compilation of the articles he wrote on Black Money in his weekly column "The Cob(Web)" published every Thursday on Taxindiaonline.com. The book is published by LexisNexis has a foreword by the Chairman and Vice Chairman of the Special Investigation Team, Justice (retd) M B Shah and Justice (retd) Arijit Pasayat respectively.

Justice MB Shah releasing the book 'It's Raining Black'
Justice MB Shah releasing the book

Consulting Editor: Sunil Achutan, a Chemistry Graduate with a Diploma in Business Management and a Law degree is a prolific writer and has contributed erudite articles for TIOL as well as ECR & ELT. As a faculty member at NACEN, Bhandup, Mumbai, he has delivered lectures on the intricacies of the Central Excise law for the past many years. He was also a prominent speaker at the workshops conducted by the Settlement Commission, Customs & Central Excise. With a deep understanding of the indirect tax law and more than two decades of experience in the department, Sunil brings with him immense analytical skills to add value to the editorial worth of TIOL.

Consulting Editor: R. Raghavendra Rao, a graduate in Engineering and worked for twenty years in the Central Excise Department before joining TIOL. He is a prolific writer and has contributed many thought provoking articles in ELT and TIOL. He is the co-author of the book "Guide to Excise Valuation" with Vijay.K.Kumar. Known for his incisive analysis and precise conclusions, he has in-depth understanding of Central Excise, Customs and Service Tax laws. He also heads our consulting wing at Hyderabad.

Consulting Editor: Naresh Minocha has about 25 years of experience in reporting, analysing and commenting on a wide range of economic, business and technological issues. He has worked with various print and electronic media organisations in different capacities. The organisations include Financial Express, Indian Express, Business India, Business Standard and Nimbus. He has vast experience in doing specialised writing for global readers and is currently associated with Chemical News & Intelligence, Asian Chemical News, Asiatele.com.

Technical Director: Shikher Singh has been with TIOL since its inception and manages the technology issues of the company, constantly interacting with external software and web solutions companies to improve functionality, interactivity and qualitative aspects of taxindiaonline.com and it's group portals. He holds a Bachelor of Commerce degree from the University of Delhi and IBM certification in eBusiness Application Programming. He has also attended several IT courses related to internet and software exports technologies.

Marketing Head: Richa Nigam has been with TIOL since 2005, and is responsible for coordinating marketing and sales for the company. She has contributed significantly to revenue growth by achieving sales through the development and implementation of focused marketing efforts. Previously she was with India Bulls where her responsibilities included providing investment advice to clients for their investment portfolios. She holds a Masters in Commerce from Kanpur University and has an MBA from The Indian Institute of Planning and Management  (IIPM), Delhi.

 
 
 
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