Input Tax Credit on demo and test drive vehicles – Advance Rulings put industry in confusion! NITYA Tax Associates is proud to present their recent write-up in the ‘Article’ series on trending indirect tax issues. A gist of the next article in the series is as under:...
International Trade Law Update #16 On April 26, 2021, Ministry of Finance has issued two separate notifications pursuant to anti-circumvention investigation conducted by DGTR in respect of ADD imposed on imports of Polytetrafluroethylene (PTFE) from China & Russia...
International Law Update #15 US Domestic Industry files petition requesting initiation of investigation for imposition of Anti-Dumping Duty on import of raw honey from Argentina, Brazil, Ukraine, Vietnam and India. US Domestic Industry claims that honey is being sold...
Validity of Show Cause Notices issued by DRI (Analysis of Canon India Judgment) In an interesting turnaround of events, the Supreme Court in the case of Canon India Private Limited v. UOI, 2021-VIL-24.SC-CU held that DRI is not ‘Proper Officer’ for issuing Show Cause...
International Trade Law Update #14 DGTR on April 19, 2021 has initiated sunset review to review the need to continue imposition of ADD on import of Axle for Trailers from China. Ministry of Finance had originally imposed ADD vide Notification No. 54/2016 –...
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