ILO publishes a series of legal Newsletters which provide expert legal commentary in the form of concise, regular news updates. The Newsletters are written in collaboration with over 500 of the world's leading experts and cover more than 100 jurisdictions.
The Competition Appellate Tribunal has rejected appeals filed by 44 liquefied petroleum gas cylinder manufacturers against a Competition Commission order claiming that they had indulged in cartelisation and manipulation of tenders. However, although the tribunal upheld the commission's order against the appellants, it remanded the matter to the commission to reconsider the penalties applied.
A circular issued by the Central Board of Excise and Customs states that credit for service tax paid on the transportation up to a place of sale would be admissible if it could be established by the claimant that the sale and the transfer of property in goods occurred at the place at hand. However, following an amendment to the Credit Rules, the application of this tax has been under dispute. Several courts have set out their views.
The Customs, Excise and Service Tax Appellate Tribunal recently determined the applicability of service tax in relation to Sodexo meal vouchers sold by the appellant under the taxing entry for business auxiliary services. The tribunal argued that the tax should apply as the restrictions imposed on employees redeeming the vouchers were tantamount to promotion of the goods and services of the appellant's affiliates.
Trade & Customs
An anti-dumping duty is valid for a period of five years from the date of imposition, unless revoked earlier. It can be extended for a further period of five years through a sunset or expiry review investigation. If the investigating authority concludes that expiry of the duty is likely to lead to continuation or recurrence of dumping and injury, it may extend the duty for a further period of five years.
For more information, please contact:
Tom Gillett, Manager
International Law Office
New Hibernia House
London, SE1 9AG
Tel: +44 20 7234 0606
Fax: +44 20 7234 0808