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DGTR recommends Anti-dumping on imports of Aniline from China

June 19, 2020 651 Views 0 comment Print

DGTR recommends imposition of anti- dumping duty on imports of Aniline from China PR, equal to the lesser of margin of dumping and the margin of injury, so as to remove the injury to the Domestic Industry

Anti-Circumvention investigation on imports of Polytetrafluoroethylene

June 19, 2020 867 Views 0 comment Print

MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF TRADE REMEDIES) New Delhi, the 19th June, 2020 INITIATION NOTIFICATION Case No. ADD-AC – 03/2020 Subject: Initiation of Anti-Circumvention investigation concerning alleged circumvention of (i) anti-dumping duty imposed on imports of “Polytetrafluoroethylene” (PTFE) originating in or exported from Russia by imports of “Polytetrafluoroethylene” (PTFE) […]

Bench must refrain from making any uncharitable observation on a decision: SC

June 19, 2020 1059 Views 0 comment Print

S. Kasi Vs State (Supreme Court ) Learned Single Judge in the impugned judgment erred in holding that the lockdown announced by the Government of India is akin to the proclamation of Emergency. The view of the learned Single Judge that the restrictions, which have been imposed during period of lockdown by the Government of […]

Multiple independent residential units in same building can be treated as one residential unit for section 54F Exemption

June 18, 2020 6444 Views 4 comments Print

Multiple independent residential units in same building can be treated as one residential unit for section 54F Exemption and usage of the property has to be considered in determining whether it is a residential property or a commercial property 

Anti-dumping investigation concerning imports of Black Toner in powder form

June 18, 2020 747 Views 0 comment Print

Preliminary Findings in the Anti-dumping investigation concerning imports of ‘Black Toner in powder form’ originating in or exported from China PR, Malaysia and Chinese Taipei.

Butterfly Valves (Quality Control) Order, 2020

June 17, 2020 5088 Views 1 comment Print

The goods or articles specified in column (1) of the Table below shall conform to the corresponding Indian Standard as specified in column (2) of the said Table and shall bear the Standard Mark under a licence from the Bureau of Indian Standard as per Scheme-I of Schedule-II of BIS (Conformity Assessment) Regulations, 2018:

Consider Only Dividend bearing Securities for Section 14A disallowance R.W. Rule 8D(2)(iii)

June 17, 2020 1356 Views 0 comment Print

In the light of judgment of Coordinate Bench of ITAT Kolkata in the case of REI Agro Ltd, we note that only dividend bearing securities should be considered for disallowance under rule 8D(2)(iii) of I.T. Rules.

RBI proposes changes in regulations applicable to HFCs

June 17, 2020 1248 Views 0 comment Print

a. Defining principal business and qualifying assets for HFCs; b. Defining the phrase ‘providing finance for housing’ or ‘housing finance’; c. Classifying HFCs as systemically important (asset size of ₹500 crore & above) and non-systemically important (asset size less than ₹500 crore); and d. Reserve Bank’s directions on Liquidity Risk framework &, LCR, securitisation, , for NBFCs, to be made applicable to HFCs.

Brand Equity judgment continue to apply despite retrospective amendment to Section 140: Delhi HC

June 16, 2020 4368 Views 0 comment Print

Delhi High Court in its judgment pronounced today has held that judgment in Brand Equity will continue to apply  in-spite of retrospective amendment to Section 140 by The Finance (Amendment) Act, 2020.

SEBI (Infrastructure Investment Trusts) (Second Amendment) Regulations, 2020

June 16, 2020 1659 Views 0 comment Print

1. These regulations may be called the Securities and Exchange Board of India (Infrastructure Investment Trusts) (Second Amendment) Regulations, 2020. 2. They shall come into force on the date of their publication in the Official Gazette.

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