As an expression of commercial intent, Contracts are far from routine formality and serve as legal instruments that define expectations and allocate risk. In India, the execution and enforcement of contracts is governed by the Contract Act, 1872.

The article delves deep into the question of availability of input tax credit when IGST is paid on imports using TR-6 Challan, i.e., due to various circumstances much after the import.

The article discusses the recent decision of the Hon’ble Madras High Court in a trademark dispute between an international retail giant and an Indian domestic entity. Ltd. The judgment serves as an important touchstone for the ‘territoriality principle’ in intellectual property law, balancing the rights of global brands against established local businesses.

The article discusses the recent decision of Chhattisgarh HC which holds that export duty exemption is available to the rice exporters irrespective of the mode of realisation of export proceeds. The case highlights the true scope and meaning of the requirement relating to ‘irrevocable Letter of Credit’.

The article discusses what has been laid down by the Organization of Economic Cooperation and Development (‘OECD’) and India’s position and the distinction between the two in determination of a PE in context of remote working arrangements.