Extending the levy of Anti-Dumping duty on Phthalic Anhydride

                                                 GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(DEPARTMENT OF REVENUE)

Notification No. 38/2020 -Customs (ADD)

New Delhi, the 19th November, 2020

G.S.R. 730 (E). -Whereas, the designated authority vide initiation notification No. 7/11/2020-DGTR, dated the 11th May, 2020, published in the Gazette of India, Extraordinary, Part I, Section 1, dated the 11th May, 2020, has initiated review in terms of sub-section (5) of section 9A of the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the Customs Tariff Act) and in pursuance of rule 23 of the Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995 (hereinafter referred to as the said rules), in the matter of continuation of anti-dumping duty on imports of ‘Phthalic Anhydride’ originating in or exported from Japan and Russia, imposed vide notification of the Government of India, in the Ministry of Finance (Department of Revenue) No. 56/2015-Customs (ADD), dated the 4th December, 2015, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 933(E), dated the 4th December, 2015, and has requested for extension of the said anti-dumping duty in terms of sub-section (5) of section 9A of the Customs Tariff Act.

Now, therefore, in exercise of the powers conferred by sub-sections (1) and (5) of section 9A of the Customs Tariff Act, read with rules 18 and 23 of the said rules, the Central Government hereby makes the following amendment in the notification of the Government of India, in the Ministry of Finance (Department of Revenue) No. 56/2015-Customs (ADD), dated the 4th December, 2015, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 933(E), dated the 4th December, 2015, namely:-

In the said notification, after paragraph 2 and before the Explanation, the following paragraph shall be inserted, namely: -

“3. Notwithstanding anything contained in paragraph 2, the anti-dumping duty imposed under this notification shall remain in force up to and inclusive of the 31st January, 2021, unless revoked, superseded or amended earlier.”.

[F. No. 354/39/2015-TRU(Pt-I)]

(Gaurav Singh)

Deputy Secretary to the Government of India

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Rate of exchange of conversion of each of the foreign currencies as on 20.11.2020

 

Sl. No.	Foreign Currency	Rate of exchange of one unit of foreign currency equivalent to Indian rupees
(1)	(2)	(3)
		(a)	(b)
		(For Imported Goods)	(For Exported Goods)
1.	Australian Dollar	55.40	53.10
2.	Bahraini Dinar	203.55	191.10
3.	Canadian Dollar	57.80	55.80
4.	Chinese Yuan	11.50	11.15
5.	Danish Kroner	12.00	11.60
6.	EURO	89.65	86.45
7.	Hong Kong Dollar	9.75	9.40
8.	Kuwaiti Dinar	251.05	235.40
9.	New Zealand Dollar	52.70	50.40
10.	Norwegian Kroner	8.35	8.10
11.	Pound Sterling	100.05	96.65
12.	Qatari Riyal	20.80	19.45
13.	Saudi Arabian Riyal	20.45	19.20
14.	Singapore Dollar	56.30	54.40
15.	South African Rand	4.95	4.65
16.	Swedish Kroner	8.80	8.50
17.	Swiss Franc	83.20	79.95
18.	Turkish Lira	9.90	9.35
19.	UAE Dirham	20.90	19.60
20.	US Dollar	75.20	73.50

SCHEDULE-II

Sl. No.	Foreign Currency	Rate of exchange of 100 units of foreign currency equivalent to Indian rupees
(1)	(2)	(3)
		(a)	(b)
		(For Imported Goods)	(For Export Goods)
1.	Japanese Yen	73.00	70.35
2.	Korean Won	6.90	6.45

Notification No. 108/2020 - Customs (N.T.)

Dated: 19.11.2020

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REJECTION OF RESOLUTION PLAN

 2020 (10) TMI 913 - NATIONAL COMPANY LAW APPEALLATE TRIBUNAL, NEW DELHI

PANNA PRAGATI INFRASTRUCTURE PVT. LTD. & ANOTHER VERSUS AMIT PAREEK & OTHERS

Delay of 2 days in filing revised Resolution Plan - CIRP process still ongoing - Direction to Resolution Professional to take on record and consider the revised offer submitted by e-mail dated 14th February, 2020 - rejection on the ground that the Resolution Plan of the highest bidder has already been approved with 100% voting and the Application of Appellant suffered from latches and lacked bonafidies - HELD THAT:- In the instant case, Appellants submitted the Resolution Plan only two days after the revised plan of Respondent No.4 and well within the 180 days of ordinary timelines of CIRP under ‘I&B Code’. There was no justification for its rejection by the Resolution Professional who was duty bound to place the same before the Committee of Creditors especially when the ordinary CIRP period of 180 days was still subsisting.

The impugned orders suffer from grave legal infirmity besides involving factual frailty. The impugned orders are accordingly set aside and the appeals are allowed. The CIRP is directed to resume from the stage of consideration of the Resolution Plans. The Resolution Professional shall place the Resolution Plans of H1 and H2 besides revised Resolution Plan of Appellants before the Committee of Creditors for consideration. The Committee of Creditors would take a call in according consideration to such Resolution Plans keeping in view the extended timelines. The period of judicial intervention shall stand excluded while computing the extended timelines of 270 days.

No.- Company Appeal (AT) (Insolvency) No. 515 of 2020 Company Appeal (AT) (Insolvency) No. 516 of 2020

Dated.- October 19, 2020

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INITIATION OF CIRP - MAINTAINABILITY OF PETITION

 2020 (10) TMI 964 - NATIONAL COMPANY LAW TRIBUNAL , MUMBAI BENCH

P.H. COMBINES (A PROPRIETORSHIP CONCERN REPRESENTED BY ITS PROPRIETOR, MR PRAVINKUMAR SURESHCHANDRA BHOOT) VERSUS MDA AGROCOT PRIVATE LIMITED

Maintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of its dues - claim of Financial Creditor - time limitation - amount in question has been claimed in a civil suit before the Civil Judge (Senior Division), Amravati, by the Financial Creditor, which dismissed the application of the Financial Creditor for attachment before judgment, the appeal against the order has also been dismissed by the Hon’ble Bombay High Court - suppression of facts by Financial Creditor or not.

Time Limitation - HELD THAT:- The date of default mentioned in the application to be 21.09.2013. Also, the Financial Creditor has relied heavily on the acknowledgements in the balance sheets for the Financial Years 31.03.2013, 31.03.2014, 31.03.2015, 31.03.2016, 31.03.2017 and 31.03.2018, which have been attached to the petition at pp.133-219, to contend that the application filed under section 7 of the Code to be within the period of limitation.

The present application filed under section 7 of the Code fails the test of limitation in so far as the Code is concerned - Application dismissed.

No.- CP (IB) No.4276/MB.II/2018

Dated.- October 16, 2020

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APPROVAL SCHEME OF AMALGAMATION

 2020 (10) TMI 966 - NATIONAL COMPANY LAW TRIBUNAL , KOCHI BENCH

IN RE : KUNNATH PAPER MILLS PRIVATE LTD, MUNDASSERY BOARD AND PAPER MILLS PRIVATE LTD

Approval of Scheme of Amalgamation - Section 230-232 of the Companies Act, 2013 - HELD THAT:- Under Section 230(9) of the Companies Act, 2013, the Tribunal may dispense with calling of a meeting of Creditor or class of Creditors where such Creditor or class of Creditors, having at least 90% value, agree and confirm, by way of affidavit, to the scheme of compromise or arrangement.

More than 99% of the Shareholders, all Secured Creditors and more than 94% of the Unsecured Creditors of the Transferee Company as well as more than 99% of the shareholders and the only one Unsecured Creditor in the Transferor Company have been supporting and agreeing to the Scheme of Amalgamation and for dispensation of their meeting for approval of the scheme by way of their consent affidavits. There is no Secured Creditor in the Transferor Company.

Calling of the meetings of the members of the Transferor Company and Transferee Company as envisaged under Section 230(1) of the Companies Act, 2013 is not necessary and will not serve any purpose, if called.

Application disposed off.

No.- CA(CAA)/06/KOB/2020

Dated.- October 5, 2020

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RESTORATION OF NAME OF COMPANY IN THE REGISTER OF COMPANIES

 2020 (10) TMI 969 - NATIONAL COMPANY LAW TRIBUNAL , KOCHI BENCH

M/S WHITE FORT CONSTRCUCTIONS AND ENGINEERS PRIVATE LIMITED VERSUS THE REGISTRAR OF COMPANIES, KERALA AND LAKSHADWEEP

Restoration of name of the Company in the Register of Companies, maintained by the Registrar of Companies, Kochi - delay in filing the Balance Sheets and Annual Returns - Section 252(3) of the Companies Act, 2013 - HELD THAT:- It appears from the records that vide order dated 28.07.2020, the appellant was directed to produce the Financial Statements of the Company for the Financial Year 2018-19 along with the GST Returns. The appellants produced the same on 23.09.2020.

This Tribunal is of the opinion that it would be just and equitable to order restoration of the name of the Company in the Register of Companies - Registrar of Companies, the respondent herein, is ordered to restore the original status of the Appellant Company as if the name of the company has not been struck off from the Register of Companies and take all consequential actions like change of company’s status from ‘Strike off’ to Active (for e-filing) and to intimate the bankers about restoration of the name of the company so as to defreeze its accounts - Application allowed.

No.- CA/36/KOB/2020

Dated.- October 16, 2020

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EXEMPTION FROM GST

 2020 (10) TMI 811 - AUTHORITY FOR ADVANCE RULINGS, KARNATAKA

IN RE: M/S. VIMOS TECHNOCRATS PRIVATE LIMITED,

Exemption from GST - benefit of N/N. 12/2017-Central tax (Rate) dated 28.06.2017 - pure consultancy services provided to the Municipalities and Corporations - taxability of pure consultancy services provided to the private individuals - rate of tax - input tax paid on the purchase of capital goods like furniture, computer, lab equipments, drone cameras, total station, auto level instruments, etc., and on certain services.

HELD THAT:- The applicant is involved in the rendering pure consultancy services like project management consultancy services including construction, supervision, quality control, rejuvenation and development of lakes. The applicant is also involved in the preparation of detailed project report for pumping treated water, scientific landfill at Bengaluru quarries, construction of Raja Nala and Other development civil works etc. The applicant provides these services mainly to the Municipalities, Corporations (i.e. local bodies) and to Government Departments and only in a few cases, a pure consultancy service is being provided to private parties - the work undertaken by the applicant reveals that he is providing majority of his services to the BBMP and Government Departments and to the smaller extent to the private individuals.

The ‘pure services’ provided to Central Government or State Government or to a local authority or Governmental authority in relation to any function entrusted to a Municipality under Article 243W of the Constitution is exempt from payment of tax - the BBMP and Sindhanur Municipality come under the definition of local authority and the service provided by the applicant to BBMP and Sindhanur Municipality is the service rendered to the local authority.

The applicant providing pure services (without supply of goods) to the Local bodies and to the Department of the State Government. The services provided by the applicant are in relation to the function entrusted to the Municipality under article 243W of the constitution. Hence the applicant is entitled to the benefit of Sl. No. 3 of Notification No.12/2017-Central Tax (Rate), dated 28th June 2017.

Benefit of Input Tax Credit - HELD THAT:- Sub-section 2 of section 17 of the CGST Act 2017 clearly says that, the amount of credit shall be restricted to so much of the input tax as is attributable to the taxable supplies including zero-rated supplies - Since the applicant providing both taxable and exempted supplies, applicant has to restrict the input tax paid on the capital goods to the extent of taxable supply of services.

No.- KAR ADRG 52/2020

Dated.- October 9, 2020

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