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News & Briefings

The latest updates on relevant areas of law, curated by our team to be the most useful to clients as well as fellow legal practitioners.

News

Refund to exporters - Number of issues clarified

16 March 2018

Central Board of Excise and Customs has on 15th of March 2018 clarified that refund of eligible credit on account of SGST will be available even if the supplier of goods or services or both has availed of drawback in respect of CGST.

26th Meeting of GST Council held on 10th of March, 2018 – Highlights

12 March 2018

GST Council met on 10th of March 2018 and took decisions on various issues. According to the Press Releases issued highlighting the recommendations of the Council, E-way bill provisions for inter-State movement of goods are to be implemented across the country from 1st April 2018

GST E-way Bill provisions to be revised from appointed date

08 March 2018

Ministry of Finance has issued notification on 7th of March, 2018 to amend provisions relating to E-way Bill, in the Central Goods and Services Tax Rules, 2017 (CGST Rules).

Synchronized trading when in violation of SEBI Regulations

07 March 2018

There were two groups of respondent parties – three traders and three brokers. Show causes notices were sent to the parties alleging that the parties had been buying and selling securities in the derivatives segment at a price which did not reflect the value of the underlying securities in synchronised and reverse transactions.

Limitation period for filing appeals from Orders of NCLT

06 March 2018

An appeal to NCLAT was preferred by the Appellant from an Order of the NCLT. However, such appeal was filed with a delay of 9 days after expiry of the period of limitation and the grace period provided under Section 421(3) of the Act. Accordingly, the appeal was dismissed by the NCLAT. Assailing this order of the NCLAT, the Appellant preferred an appeal before the Supreme Court. 

Indian Budget 2018 – Changes proposed in Customs law

15 February 2018

In the Budget 2018 present before the Indian Parliament today (1-2-2018), the Finance Minister has proposed many changes both in the provisions of Customs Act, 1962 and Customs Tariff Act, 1985.

No registration when design a trade variation and available in public domain

14 February 2018

Rejecting plaintiff’s claim of piracy of design, Delhi High Court has on 8-2-2018 cancelled a registered design. The Court in this regard noted that the design in respect of the footwear was available in public domain before, and is only a trade variation of a sandal.

Commercial Transaction must for Court’s jurisdiction in passing off

13 February 2018

For the purpose of invoking jurisdiction of a court in a passing off action, the plaintiff is required to plead and establish that there has been a Commercial Transaction within the jurisdiction of that Court which amounts to passing-off.

Patent infringement - Technical expert allowed during cross-examination

12 February 2018

Delhi High Court has allowed defendant’s interim application regarding presence of his technical expert during cross-examination of plaintiff’s witness, an expert himself. The plaintiff had relied upon Chapter XIII Rule 4 of the Delhi High Court (Original Side) Rules, 1967 according to which witnesses were not to be present in the Court during hearing of the suit.

Budget 2018 - Key Changes for Corporate Sector in India

05 February 2018

The Finance Minister of India, made the budget speech for the Financial Year 2018-2019 and presented the Finance Bill, 2018 on February 1, 2018.

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