"19 June 2022" Archive

NCDRC Order Builder have to refund with interest to Homebuyer

The Builder will have to refund the amount with interest to Homebuyer if possession of the flat is not given on time. Jaypee Builder has been ordered by The National Consumer Disputes Redressal Commission (NCDRC) to refund the money along with interest for non-delivery of the booked flats in the Cove Greater Noida Project located [&hellip...

Posted Under: Corporate Law |

Spot coolers merit classification under subheading 84158290

In re Toyota Tsusho India Pvt. Ltd (CAAR Mumbai)

In re Toyota Tsusho India Pvt. Ltd (CAAR Mumbai) As per the explanatory notes to heading 8415, the heading excludes refrigeration units designed to maintain a fixed temperature well below 0°C in a closed chamber (e.g., lorry, trailer or container), and fitted with a heating system to raise the temperature in the chamber, within certain [...

Posted Under: Corporate Law | |

Laden/unladen IBCs imported into India are eligible to avail exemption

In re GDPK Returnable Solutions India Private Limited (CAAR Mumbai)

In re GDPK Returnable Solutions India Private Limited (CAAR Mumbai) Temporary import/re-export of Intermediate Bulk Containers (IBCs) as reusable packing containers and its eligibility to avail duty exemption (a) the laden/ unladen IBCs imported into India are eligible to avail the exemption under the Notification No. 104/94-Cus., dated 1...

CCI finds no contravention by Punjab State Warehousing Corporation

In re Private Entrepreneurs Godowns Association Vs Punjab State Warehousing Corporation (CCI)

In re Private Entrepreneurs Godowns Association Vs Punjab State Warehousing Corporation (CCI) As far as the allegations of there being an anti-competitive agreement in violation of competition law amongst OP-1 and OP-2 are concerned, the Commission observes that the Informant, besides making bald allegations, has placed on record no mater...

No violation of competition act by non-disclosure of technical know-how of machine

In re House of Diagnostics LLP Vs Neurologica Corporation (CCI)

In re House of Diagnostics LLP Vs Neurologica Corporation (CCI) It has been alleged by the Informant that OP-4 is the exclusive aftersales service provider of OP-1 in India with respect to the machine in question. On the other hand, OP-4 has replied that though it is the authorised service provider of aftersales services with […]...

CCI finds no prima facie case of contravention against Britannia Industries

In re Hiveloop Technology Pvt. Ltd. Vs Britannia Industries Ltd. (CCI)

In re Hiveloop Technology Pvt. Ltd. Vs Britannia Industries Ltd. (CCI) The Commission finds that, with respect to the allegation of discrimination between the Informant and other distributors of Britannia, neither the Informant nor its group entity can be said to be similarly placed as other, more than three thousand, distributors of Brit...

CCI order investigation against BookMyShow

In re Vijay Gopal Vs Big Tree Entertainment Pvt. Ltd. (CCI)

In re Vijay Gopal Vs Big Tree Entertainment Pvt. Ltd. (CCI) The exclusive and restrictive agreements of BookMyShow with single screen cinemas and multiplexes, in conjunction, prima facie appear to have the potential of denying market access to competing platforms and potential entrants. The cinema theatres as well as the cinegoers alike a...

Treatment of Discount Under GST – Section 15(3) of CGST Act 2017

As per Section 15(3) of CGST Act: – The value of the supply shall not include any discount which is given–– (a) before or at the time of the supply if such discount has been duly recorded in the invoice issued in respect of such supply; and (b) after the supply has been effected, if— […]...

Posted Under: Corporate Law |

All About MSMEs – Micro, Small and Medium Enterprises

MSME stands for Micro, Small and Medium Enterprises. It was introduced by the Government of India in agreement with the MSMED (Micro, Small, and Medium Enterprises Development) Act of 2006. As per this act, MSMEs are the enterprises involved in the processing, production, and preservation of goods and commodities. MSMEs are an important s...

Posted Under: Corporate Law |

Income Tax Dept aims to spread tax literacy among children through games, puzzles & comics

Income Tax Department aims to spread tax literacy among children through games, puzzles and comics Moving beyond text based literature, awareness seminars and workshops, the Central Board of Direct Taxes (CBDT) has adopted a novel approach to spread tax literacy through ‘learn by play’ methods.  CBDT has brought out products ...

Posted Under: Corporate Law |

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