covid-19 taxation, trade and finance practice group

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COVID-19 Taxation, Trade and Finance Practice Group Philips Lighting Bangladesh Limited Abond Corporation, Canada Sojitz Machinery Corporation, Japan RamaDBK, Japan Roshawa Spining Mills Ltd Angang Steel Company Ltd., China Maersk Bangladesh Ltd. Samsung Engineering Company Ltd. Dharti Dredging and Infrastructure Ltd, India First Security Islami Bank Limited Rahman’s Chambers has been ranked for “Corporate and Finance” & “Shipping”. - Chambers & Partners, 2019 VVD, India Saturn Textiles Ltd. ACME Electronics Ltd G.A.B Limited (Gildan) Shivalic Fashions Ltd. Ocean International Ltd. (Agent of Hyundai Shipping) First Northeast Electric Power Engineering Co. (NEPC) Unitex LP Gas Ltd Utah Fashion Ltd. Zhefu Holding Group Co Ltd Our key completed projects are as below: Conducted due diligence on importation, recycling of E-waste and related environmental regulations. Chambers have advised a major Hong-Kong based knitwear manufacturing company on complex International trade related transactions and matters involving Bond License, custom duties, import policy, customs valuation etc within different layers of the supply chain manufacturing within and between their local subsidiary and other third party transactions. We have advised Maersk Bangladesh Limited and also A.P. Moller –Maersk, Denmark by preparing templates for Letter of indemnity suitable for Bangladesh and also other jurisdiction, for example, India, Pakistan where there is exchange control regulation. We have conducted due diligence over customs duties etc. on specific products for VVD, India and Godrej, India. We have successfully challenged a documentary fraud on behalf of importer ‘Saturn Textiles Ltd.’ involving the supply of defective fabrics, raw material of RMG, by filing suit in lower court and also higher court and were able to obtain an injunction on payment under Letter of Credit on the ground of fraud in 2013. We have successfully represented Hossain Dyeing and Printing Mills Limited, a concern of Anwar Group of Industries in the recovery of the claim for delivery of fabrics under sales contract where payment has been illegally refused by LC opening Bank and later by the buyer under the sales contract. Recently, the Hon’ble Court passed judgment and Order in favor of our client decreeing monetary payment against the buyer after years of battle in Court. In 2018 we have successfully resolved an Income Tax related dispute for Grameen Danone Foods Ltd. involving estimation of sell and rate of gross profit by filing a writ petition. The case namely Grameen Danone Foods Ltd. vs. Commissioner of Taxes, was Reported in 6 CLR (HCD) (2018) 25. Which is a leading case for this matter. In 2018 we have successfully resolved a Customs Matter for G.A.B Limited (Gildan) Bangladesh involving pending assessment and release of the imported goods by filing a writ petition. We have successfully resolved VAT claim for Crown Melamine Industries Ltd by filing writ petition involving illegal VAT demand arising from uses of raw materials. As legal adviser, we represented Philips Lighting Bangladesh Limited before different customs appellate authorities i.e. the Commissioner (Appeal), Customs, Excise and VAT Appeal Commissionerate, Chattogram and Dhaka-1, Customs, Excise and VAT Appellate Tribunal, Dhaka in a number of Customs Appeals involving Valuation and HS Code related disputes of imported goods. We have successfully completed a VAT appeal for Grameen Danone Foods Ltd. before the Commissioner (Appeal) involving price declaration issues i.e. MUSAK 1. We have successfully challenged and resolved VAT claim through ADR at the Appellate tribunal stage involving the destruction of raw materials for Grameen Danone Foods Ltd. Rahman’s Chambers is a full service & probably the largest law firm in Bangladesh serving from six locations nationwide. It is one of the leading law firms in Bangladesh. The Chambers has an outstanding reputation for delivering premium solution which is economic in commercial terms. The same is made possible by utilizing its resources i.e. experienced, specialised and highly educated senior lawyers, talented junior lawyers graduated from top law schools, excellent operational model, prestigious and valuable physical and online law report and journal, strong network and geographical locations etc. The firm has been consistently ranked by world’s leading and highly reputed global directory Chambers and Partners in its Chambers Global guide for its international capability & Chambers Asia Pacific guide for its local and regional works. The Chambers is also recommended by its own clients and different persons and its achievements are also well documented. The firm is always in pursuit of excellency with room for more improvement. “Their response times are excellent and they make you feel generally very well informed.” - Chambers & Partners, 2018 Mr. Mohammed Forrukh Rahman has been ranked (Band II) for Corporate & Finance. - Chambers & Partners, 2020 Our Clients: OUR LAWYERS: Mohammed Forrukh Rahman Head of Chambers Barrister - at -Law LL.M.; PGDipLaw; PGCertLaw; BVC; LLB (Lond); Fellow, Hong Kong Institute of Arbitrators (FHKIArb); Panel Arbitrator, SAARC Arbitration Council; MSIArb (Singapore), CEDR (UK) Accredited Mediator; Advocate, Supreme Court of Bangladesh. Md. Moazzem Hossain Senior Associate Advocate, Dhaka Judge Court. LLB MD Noor Imtiaz Associate LLM , LLB (Hons) Contact Us: BANANI MAIN CHAMBERS: Rangs Shawpnil, Flat No. 2A (2nd Floor), House No. 02, Road No. 2/3, Banani, P.O.: Gulshan, Dhaka - 1212, Bangladesh. Email: [email protected] Ph.: (+88)01793549654 Website: www.rahmansc.com Skype/WeChat/WhatsApp/Zoom Our lawyers are categorized by (a) Department (b) team and (c) location for the convenience of clients. A department is a specialized functional unit with special expertise or responsibility mostly relevant for client. On the other hand, a team is smaller group, compared to department, created mostly for internal purposes. A lawyer may have expertise suitable for more than one department hence his/her name are appearing in more than one department. However this is not the case in team. On the other hand, we often create practice group for niche practice area e.g. employment, M & A comprising lawyers from different departments, teams. Niche practice group often have non-lawyers as member e.g. consultant, paralegal and management staff. He has altogether 16 years’ experience of working in the field of corporate & finance, shipping and dispute resolution. For the last 12 years, he leads the firm, Rahman’s Chambers. Mr. Rahman is now one of the leading practitioner in Bangladesh, ranked by Chambers Asia Pacific in the field of Corporate, Finance, Shipping and he is also ranked by Chambers Global for international works involving both contentions and non contentious matters. Sheikh Abdulla Senior Associate Advocate, Supreme Court of Bangladesh LLB (Hons); LLM Mr. Abdullah is working for the firm as a senior member for nearly 8 years, appearing in Courts, handling cases of different departments. Mr. Abdullah has years of experience in dealing with judicial review involving general matters, quashment proceedings, Civil and criminal appeal etc. He has appeared in a number of cases before Hon’ble High Court on banking matters and successfully conducted a number of banking litigation. Mr. Hossain is an Advocate of Judge’s Court, Magistrate Court & Tribunals who was enrolled in the year of 1984. Since joining the Chambers in 2016 he was involved in several drafting and hearing of several commercial, banking and land related cases pending before district and magistrate court in Dhaka. He also appears before the Hon’ble court of District Judge on arbitration applications and related execution proceedings Abdur Rahman Junaid Associate Dip-in-Law (UoL), LLB (UoL) LLM - Int. Law and Human Rights (LSBU) Mr. Rahman is experienced in matters related to Corporate, Commercial matters, VAT/ TAX/ Customs Excise, and providing legal consultancy. Mr. Rahman has been with the Chambers for more than 3 years and his knowledge on the International laws renders him into a valuable asset to the Chambers. SM Akib Zamil Associate Barrister-at-Law LLB (UoL) Mr. Zamil is experienced in providing legal consultancy on matters related to Taxation, Trade and also Customs related matters. He has also developed expertise in the areas of Commercial, Construction and Corporate matters. Mr. Imtiaz has immense experience of dealing with matters related to ADR and different tribunal. He has been involved with drafting, filing and some hearing of several Customs, Vat, Tax related matters pending in several tribunals for different clients.

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Page 1: COVID-19 Taxation, Trade and Finance Practice Group

COVID-19 Taxation, Trade and Finance Practice Group

• Philips Lighting Bangladesh Limited• Abond Corporation, Canada• Sojitz Machinery Corporation, Japan• RamaDBK, Japan• Roshawa Spining Mills Ltd• Angang Steel Company Ltd., China• Maersk Bangladesh Ltd.• Samsung Engineering Company Ltd.• Dharti Dredging and Infrastructure Ltd, India• First Security Islami Bank Limited

Rahman’s Chambers has been ranked for “Corporate and Finance” & “Shipping”.

- Chambers & Partners, 2019

• VVD, India• Saturn Textiles Ltd.• ACME Electronics Ltd• G.A.B Limited (Gildan)• Shivalic Fashions Ltd.• Ocean International Ltd. (Agent of Hyundai Shipping)• First Northeast Electric Power Engineering Co. (NEPC)• Unitex LP Gas Ltd• Utah Fashion Ltd.• Zhefu Holding Group Co Ltd

Our key completed projects are as below:• Conducted due diligence on importation, recycling of E-waste and related environmental regulations.• Chambers have advised a major Hong-Kong based knitwear manufacturing company on complex International trade related transactions and matters

involving Bond License, custom duties, import policy, customs valuation etc within different layers of the supply chain manufacturing within and between their local subsidiary and other third party transactions.

• We have advised Maersk Bangladesh Limited and also A.P. Moller –Maersk, Denmark by preparing templates for Letter of indemnity suitable for Bangladesh and also other jurisdiction, for example, India, Pakistan where there is exchange control regulation.

• We have conducted due diligence over customs duties etc. on specific products for VVD, India and Godrej, India.• We have successfully challenged a documentary fraud on behalf of importer ‘Saturn Textiles Ltd.’ involving the supply of defective fabrics, raw

material of RMG, by filing suit in lower court and also higher court and were able to obtain an injunction on payment under Letter of Credit on the ground of fraud in 2013.

• We have successfully represented Hossain Dyeing and Printing Mills Limited, a concern of Anwar Group of Industries in the recovery of the claim for delivery of fabrics under sales contract where payment has been illegally refused by LC opening Bank and later by the buyer under the sales contract. Recently, the Hon’ble Court passed judgment and Order in favor of our client decreeing monetary payment against the buyer after years of battle in Court.

• In 2018 we have successfully resolved an Income Tax related dispute for Grameen Danone Foods Ltd. involving estimation of sell and rate of gross profit by filing a writ petition. The case namely Grameen Danone Foods Ltd. vs. Commissioner of Taxes, was Reported in 6 CLR (HCD) (2018) 25. Which is a leading case for this matter.

• In 2018 we have successfully resolved a Customs Matter for G.A.B Limited (Gildan) Bangladesh involving pending assessment and release of the imported goods by filing a writ petition.

• We have successfully resolved VAT claim for Crown Melamine Industries Ltd by filing writ petition involving illegal VAT demand arising from uses of raw materials.

• As legal adviser, we represented Philips Lighting Bangladesh Limited before different customs appellate authorities i.e. the Commissioner (Appeal), Customs, Excise and VAT Appeal Commissionerate, Chattogram and Dhaka-1, Customs, Excise and VAT Appellate Tribunal, Dhaka in a number of Customs Appeals involving Valuation and HS Code related disputes of imported goods.

• We have successfully completed a VAT appeal for Grameen Danone Foods Ltd. before the Commissioner (Appeal) involving price declaration issues i.e. MUSAK 1.

• We have successfully challenged and resolved VAT claim through ADR at the Appellate tribunal stage involving the destruction of raw materials for Grameen Danone Foods Ltd.

Rahman’s Chambers is a full service & probably the largest law firm in Bangladesh serving from six locations nationwide. It is one of the leading law firms in Bangladesh. The Chambers has an outstanding reputation for delivering premium solution which is economic in commercial terms. The same is made possible by utilizing its resources i.e. experienced, specialised and highly educated senior lawyers, talented junior lawyers graduated from top law schools, excellent operational model, prestigious and valuable physical and online law report and journal, strong network and geographical locations etc. The firm has been consistently ranked by world’s leading and highly reputed global directory Chambers and Partners in its Chambers Global guide for its international capability & Chambers Asia Pacific guide for its local and regional works. The Chambers is also recommended by its own clients and different persons and its achievements are also well documented. The firm is always in pursuit of excellency with room for more improvement.

“Their response times are excellent and they make you feel generally very well

informed.”

- Chambers & Partners, 2018

Mr. Mohammed Forrukh Rahman has been ranked (Band II) for Corporate &

Finance.

- Chambers & Partners, 2020

Our Clients:

OUR LAWYERS:

Mohammed Forrukh Rahman Head of ChambersBarrister - at -Law

LL.M.; PGDipLaw; PGCertLaw; BVC; LLB (Lond); Fellow, Hong Kong Institute of Arbitrators (FHKIArb); Panel Arbitrator, SAARC Arbitration Council;

MSIArb (Singapore), CEDR (UK) Accredited Mediator; Advocate, Supreme Court of Bangladesh.

Md. Moazzem HossainSenior Associate

Advocate, Dhaka Judge Court. LLB

MD Noor ImtiazAssociate

LLM , LLB (Hons)

Contact Us:BANANI MAIN CHAMBERS:Rangs Shawpnil, Flat No. 2A (2nd Floor), House No. 02, Road No. 2/3, Banani,P.O.: Gulshan, Dhaka - 1212, Bangladesh.

Email: [email protected].: (+88)01793549654

Website: www.rahmansc.com Skype/WeChat/WhatsApp/Zoom

Our lawyers are categorized by (a) Department (b) team and (c) location for the convenience of clients. A department is a specialized functional unit with special expertise or responsibility mostly relevant for client. On the other hand, a team is smaller group, compared to department, created mostly for internal purposes. A lawyer may have expertise suitable for more than one department hence his/her name are appearing in more than one department. However this is not the case in team. On the other hand, we often create practice group for niche practice area e.g. employment, M & A comprising lawyers from different departments, teams. Niche practice group often have non-lawyers as member e.g. consultant, paralegal and management staff.

He has altogether 16 years’ experience of working in the field of corporate & finance, shipping and dispute resolution. For the last 12 years, he leads the firm, Rahman’s Chambers.

Mr. Rahman is now one of the leading practitioner in Bangladesh, ranked by Chambers Asia Pacific in the field of Corporate, Finance, Shipping and he is also ranked by Chambers Global for international works involving both contentions and non contentious matters.

Sheikh AbdullaSenior Associate

Advocate, Supreme Court of Bangladesh

LLB (Hons); LLM

Mr. Abdullah is working for the firm as a senior member for nearly 8 years, appearing in Courts, handling cases of different departments.

Mr. Abdullah has years of experience in dealing with judicial review involving general matters, quashment proceedings, Civil and criminal appeal etc. He has appeared in a number of cases before Hon’ble High Court on banking matters and successfully conducted a number of banking litigation.

Mr. Hossain is an Advocate of Judge’s Court, Magistrate Court & Tribunals who was enrolled in the year of 1984.

Since joining the Chambers in 2016 he was involved in several drafting and hearing of several commercial, banking and land related cases pending before district and magistrate court in Dhaka. He also appears before the Hon’ble court of District Judge on arbitration applications and related execution proceedings

Abdur Rahman Junaid Associate

Dip-in-Law (UoL), LLB (UoL) LLM - Int. Law and Human

Rights (LSBU)

Mr. Rahman is experienced in matters related to Corporate, Commercial matters, VAT/ TAX/ Customs Excise, and providing legal consultancy.

Mr. Rahman has been with the Chambers for more than 3 years and his knowledge on the International laws renders him into a valuable asset to the Chambers.

SM Akib ZamilAssociate

Barrister-at-LawLLB (UoL)

Mr. Zamil is experienced in providing legal consultancy on matters related to Taxation, Trade and also Customs related matters. He has also developed expertise in the areas of Commercial, Construction and Corporate matters.

Mr. Imtiaz has immense experience of dealing with matters related to ADR and different tribunal. He has been involved with drafting, filing and some hearing of several Customs, Vat, Tax related matters pending in several tribunals for different clients.