DGFT on January 20, 2023 issued a public notice no. 53/2015-20 to provide the big relief to EPCG authorisation holders in terms of Export Obligation Period as well as Average Annual Export Obligation required to be maintained by the EPCG Authorisation holder. A new sub – para 5.13(d) is added after para 5.13(c) of the Handbook of Procedures which specifies the, “For the years 2020-21...Read More

Director General of Foreign Trade (DGFT), on December 07, 2022 issued notification no. 47/2015-20 to amend the RODTEP Policy. Notification notified the a revised Appendix 4R under para 4.59 of Foreign Trade Policy, 2015-20 for export made from 15.12.2022 The revised Appendix 4R will be applicable for export made from 15.12.2022 to 30.09.2023. As an effect of the notification additional export sectors/items in chapter 28,...Read More

Recently in case of Genpact India Pvt. Ltd. Vs Union of India and others [CWP-6048-2021 (O&M) Date of Pronouncement:11.11.2022], it was held by the hon’ble Punjab and Haryana High Court held that BPO services provided to Overseas client would not fall under “intermediary” services. In the aforesaid judgment, court has found that: The petitioner provides the main service directly to the overseas clients of GI...Read More

Recently, Telangana State Appellate Authority for Advance Ruling in Order-in-Appeal No. AAAR/10/2022 dated 19.10.2022 has held that liquidated damages recoverable by the applicant from Bi-electric India on account of delay in commissioning, does not qualify as a ‘supply’, thereby GST shall not be payable. In this case, Telangana Appellate Authority of Advance Ruling (AAAR) has made following observations: There is no contractual reciprocity or concurrence...Read More