News
Drawback on exports is available even when BCD is not paid on imports, if additional duty is paid
25 九月 2023
The Delhi High Court has rejected the contention of the Revenue department that it is only when a duty as prescribed by the Customs Act, 1962 has been paid that drawback benefits can be claimed. The Revenue’s submission in essence was that unless Basic Customs Duty (BCD) is paid at the time of import, it would be impermissible for the exporter-petitioner to claim drawback benefits.
What, How, Where, When and Why of the Mediation Act, 2023
22 九月 2023
In another attempt to reduce the pendency before courts, costs of traditional protracted litigation and boost alternative dispute resolution mechanism in India, Legislature has enacted the Mediation Act, 2023. The Act specifically aims to provide a comprehensive policy framework to promote institutional mediation. However, in doing so it does not impinge upon the existing laws for conducting mediation and is not applicable to any pending mediation.
Cash not forming part of stock-in-trade of business cannot be seized during investigation aimed at detecting GST evasion
11 九月 2023
The Supreme Court has in the case State Tax Officer (IB) v. Shabu George dismissed the Special Leave Petition filed by the Revenue department against the Kerala High Court decision holding that in an investigation aimed at detecting tax evasion under the provisions of the GST, cash cannot be seized especially when it is the admitted case that the cash did not form part of the stock in trade of the assessee's business.
Patents – Divisional applications – Objections under Section 16 are not sustainable in case of system-centric divisional application arising from method-centric parent application
01 九月 2023
The Delhi High Court has set aside the decision of the Assistant Controller of Patents and Designs rejecting a divisional application for invention titled ‘System for Advanced Bi-directional Predictive Coding of Interlaced Video’. The Assistant Controller had rejected the application on grounds of Sections 16(1), 16(3) and 3(k) of the Patents Act, 1970,
IPR laws – Certain provisions set to be decriminalised while penalty provisions being omitted for certain offences
14 八月 2023
The President of India has on 11 August 2023 granted her assent to the Jan Vishwas (Amendment of Provisions) Bill, 2023. The Act seeks to decriminalise some 183 provisions in the 42 Central Acts administered by 19 Ministries/Departments. The Act provides for pragmatic revision of fines and penalties commensurate to the offence committed, establishment of Adjudicating officers and Appellate Authorities, and periodic increase in quantum of fines and penalties.
Patents Act, and not Competition Act, to govern conditions in agreement of licensing or abuse of status as Patentee
17 七月 2023
The Division Bench of the Delhi High Court has held that for patents, unreasonable conditions in agreements of licensing, abuse of status as a patentee, inquiry in respect thereof and relief that is to be granted therefor, are all to be governed by the Patents Act, 1970 and not by the Competition Act, 2002.
50th Meeting of GST Council – Highlights
11 七月 2023
The GST Council recently held its 50th Meeting on 11 July 2023. The meeting held after approximately 5 months saw many important decisions on various topics, including that on taxing online gaming and that on GST Appellate Tribunal. The Council has also attempted to tackle several complex and controversial issues that have plagued the industry with uncertainty for the last six years.
Copyright in screenplay of a film vests with the author and not the producer of the film
04 七月 2023
The Delhi High Court has held that in a case where the author of the screenplay of the film is engaged pursuant to a contract with the producer, against remuneration, copyright in the screenplay would vest with the author and not in the producer.
NCLAT has no power to review its own judgment, but it can recall a judgment in exercise of its inherent jurisdiction
26 六月 2023
A five-Member Bench of the National Company Law Appellate Tribunal (‘NCLAT’) has held that NCLAT is not vested with any power to review its own judgment, however, in exercise of its inherent jurisdiction it can entertain an application for recall of judgment on certain grounds. The Tribunal was of the view that it has an inherent jurisdiction to recall a judgement which was made with procedural lapses...
Competition law – CCI is not a grievance redressal forum against regulatory decisions of regulators
19 六月 2023
The Delhi High Court has held that the Competition Act, 2002 does not contemplate the Competition Commission of India (CCI) to act as an appellate court or a grievance redressal forum against decisions taken by other regulators, in exercise of their statutory powers and which are not interfaced with trade or commerce.