Anti-Dumping Duty on import of Polytetrafluoroethylene

An Anti dumping duty has been imposed on import of Polytetrafluoroethylene or PTFE for Five Years as per Notification No. 23/2016-Customs (ADD) dated 06th June 2016. Notification is self explanatory and can be downloaded from the Link below:-

Notification No.23/2016-Customs (ADD)

Whether the amount of Creditors balance unclaimed/untraceable and written-off/Back by way of crediting P&L Account is taxable under GST

1. Background In the course of business, it is not uncommon to find outstanding balances in the names of trade creditors that remain unclai...