Extension of reliefs under Indirect Tax provided during the pandemic Covid-19

We are pleased to share with you the copy of our latest publication of GST Café, a briefing on the recent notification issued by the Central Board of Indirect Tax and Customs (the ‘Board’) whereby the Board has sought to extend certain reliefs provided earlier under Indirect Taxes due to COVID-19 and resultant difficulties. To […]

GST Cafe – Extension of relaxations provided under the Customs Act, 1962

We are pleased to share with you the copy of our latest publication of GST Café, a briefing on the relaxations provided under the Customs Act, 1962 to facilitate trade during the COVID-19 pandemic. To read the GST Cafe, click at the download newsletter. We trust that you will find the same useful. Looking forward […]

Amendments to the Foreign Exchange Management (Non-Debt Instruments) Rules, 2019

The Ministry of Finance has on April 22, 2020 and April 27, 2020 published the Foreign Exchange Management (Non-debt Instruments) Amendment Rules, 2020 (“Amendment Rules”) and the Foreign Exchange Management (Non-debt Instruments) (Second Amendment) Rules, 2020 (“Second Amendment Rules”) respectively to amend the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 (“NDI Rules”). Foreign Exchange Management […]

Delhi High Court: Lockdown prima facie in nature of force majeure, interim relief granted

The Delhi High Court (“DHC”) has, in the case of M/s. Halliburton Offshore Services Incorporated v. Vedanta Limited and Others (decided on April 20, 2020) temporarily injuncted Vedanta Limited (“Vedanta”) from encashing bank guarantees issued on behalf of Halliburton Offshore Services (“Halliburton”) as the lockdown due to Covid-19 would prima facie amount to force majeure. […]