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Applicable time limit in Anti-dumping review proceedings

By Bhargav Mansatta

Three types of reviews are contemplated under the WTO Anti-dumping Agreement & Indian Anti-dumping Rules, 1995 namely (i) Mid-term review under Rule 23(1A) (ii) Sunset review under Rule 23(1B) and (iii) New Shipper review under Rule 22.

Relevant legal provisions under Anti-dumping Rules, 1995

Taxing compensation receipts – Whittling away the relief?

By Subhashree R
While taxing of long term capital gains and insertion of the Income Computation and Disclosure Standards (ICDS) have been some of the major talking points post presentation of Budget this year, the apparently innocuous insertion in Section 28 has not received much attention.  ‘A rose by what other name called would sme...

Legal metrology - New labelling rules could agitate businesses

By Ekansh Agrawal

The Legal Metrology (Packaged Commodities) Rules, 2011 which govern the pre-packed commodities, were amended by Notification Number G.S.R. 629 (E) dated 23rd June 2017 and the said amendments have become effective from 1-1-2018. In the Lok Sabha, such amendments were stated as an aim towards balanc...

E-way bill provisions and valuation of goods

By Tushar Mittal

The objective of plugging revenue leakage or tax evasion will take a step ahead with the introduction of E-way bill rules as the tax administration can keep track of every movement of goods above the specified value. E way bill which is required to accompany every movement of goods barring some exceptions, is expected to improve th...

Sunset Reviews: Whether mandatory

By Darpan Bhuyan

Anti-dumping duty can be levied in India for a period not exceeding five years in terms of Section 9A(5) of the Customs Tariff Act, 1975. This levy can be extended for a further period of five years only if a conclusion is arrived at by the Designated Authority pursuant to a sunset review that removal of the anti-dumping duty sha...

Why tax liquidated damages?

By Krithika Jaganathan & V. Panchanathan
Performance is the essence of a contract and hence parties to contract generally incorporate their expectation in terms of damage caused by failure of either party to perform its obligations completely or as per the agreed terms.

The contract may prescribe damages for deficiency in...

Non-compete fee received from former employer - The argument of capital receipt

By Sumitha Krishnan


The income chargeable under the head ‘salaries’ is one of the heads of incomes which covers exhaustively, ‘payments’ made between persons in the capacity of employer and employee. The term ‘Salaries’, ‘perquisites’ and ‘profits...

DGAD sets straight the procedures regarding Sunset Reviews

By Ankur Sharma

In the summer of 2017, the Supreme Court delivered a judgment that dealt with sunset reviews of anti-dumping duty.  The case was Union of India v. Kumho Petrochemicals Company Ltd.  (“Kumho”). To give some background, sunset review of an anti-dumping duty is conducted at the end of five years of an ...

Treatment of vouchers under GST law

By Devanu Roy Choudhury


With the increasing trend of electronic commerce, adoption of prepaid vouchers and gift cards has reached new heights. Vouchers are instruments which are redeemable on its face value against supply of goods or services. For example, multi-brand retailers supply gift cards ...

Guarantee Fee – No interest on lending credit-worthiness

By Subhashree R

The payments relating to debt claims, service fee or other charge, could be characterized as interest provided there is privity of such contract.’
In its recent ruling Johnson Matthey Public ltd. Company v. DCIT, [2017] 88 127 (Delhi-Trib.) on taxability of guarantee fee received by a for...

Refund of accumulated input tax credit – Certain unresolved issues

By Nirali Akhani

The landmark tax reform of Goods and Services Tax (GST) as introduced from 1st July, 2017, is nearing completion of 5 months. The GST Council has conducted 23 meetings with continuous effort of making GST robust.  Nevertheless, there are certain issues which have not been resolved so far. One such issue pertains to the refun...

Section 40(a)(ii) and taxes paid abroad - A discussion

By Gayatri Sridharan

As per section 5 of the Income Tax Act 1961 (the Act) practically all of a resident assessee’s world income enters his total income. In the case of a non-resident assessee, however, his entire world income does not form part of  his total income under the Act.. His total income is confined only to the income receive...

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