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 (‘CBIC’) whereby Rule 67A has been notified i.e. facility for filing NIL GSTR-3B through short messaging service facility (‘SMS’). To read the GST […]
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 […]
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 […]
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. […]
The Supreme Court (“SC”) in the case of National Agricultural Co-operative Marketing Federation of India (NAFED) v. Alimenta SA (decided on April 22, 2020) held that foreign arbitration awards against NAFED is ex facie illegal, and in contravention of fundamental law, as no export without the requisite permissions was permissible and without the consent of […]
The High Court of Rajasthan (“RHC”) has, by its order dated April 7, 2020 (“Order”), held that an approved resolution plan under the Insolvency and Bankruptcy Code, 2016 (“IBC”) is binding on government authorities and consequently quashed the notices seeking payment of excise duty and services tax issued by the Goods and Service Tax department […]
