#section-5

Gujarat HC struck down notifications that retroactively stripped exporters of Service Exports from India Scheme benefits, ruling that Section 5 of the Foreign Trade Act cannot be applied retrospectively. The decision safeguards vested export incentives for firms relying on SEIS.

Bombay High Court holds that stamp duty under Maharashtra Stamp Act is leviable only on the NCLT order as instrument, not on separate amalgamation transactions.

Bombay High Court holds that succession to foreign movable assets is governed by Indian law if deceased was domiciled in India under Sections 5 and 371 of the Indian Succession Act, 1925.