14 April 2016
The Supreme Court has held that cost relating to bullet proofing of jeeps, undertaken outside the factory by job-workers after clearance of the not-yet bullet-proofed jeeps, is not to be included in the value of jeeps for the purpose of levy of Central Excise duty.
Affirming the Order of the CESTAT, the Apex Court in its order in the ...
7 August, 2014
English and Spanish texts of the Agreement on Implementation of Article VII of the General Agreement on Tariffs and Trade 1994 (Agreement on Customs Valuation) are set to be amended.
According to the document (Reference: WLI/100) dated 28-7-2014 circulated in WTO, the proposal is to remove a conjunction “and” between the words “work” and “plans” and add a comma between the wo...
14th June, 2013
The World Customs Organisation (WCO) has recommended that its members use customs valuation databases as a risk management and analysis tool and not use them to set minimum values for the purposes of customs valuation.
According to the communication received from the Chairman of the Technical Committee on Customs Valuation, International Chamber of Commerce (ICC) has expres...
By Siddharth Sharma & Ranjan Matthew
Why the need? – A rational perspective
Primarily, in order to understand the reasoning behind why a patentee or a licensee thereof is required to furnish information regarding the working of patents in India, it may be pertinent to study the Statutory provisions envisioned under Section 83 of the Patents Act, 1970 hereafter referred to...
Globalization has brought along with it various taxation issues, the most talked about being, transfer price of goods being traded amongst enterprises forming part of a same business group (‘related entities’). The price at which related entities transact is of significance to both taxpayers as well as revenue authorities....
By Aayush Singla
In the case of State of Punjab v. Nokia India Pvt Ltd (2014-VIL-23-SC), the Supreme Court held that battery charger of a cell phone is not a composite part of the cell phone but only an accessory and is an independent product. Hence, battery chargers sold along with cell phones were held to be assessable ...
By Shivam Mehta and K. Prathiba
Valuation under Central Excise law has always been one of the areas of dispute and it has again been brought to the fore front of discussions with the recent decision of the Supreme Court in the case of Super Synotex (India) Ltd and Others. In this case, the issue of inclusion of a part of the sales tax amount collected and retained by the manufacturer as allow...
By Sagar Singhal & Shweta Kathuria
The great Chinese philosopher Kong Qiu, famously known as Confucius, once said - “Life is really simple, but we insist on making it complicated”. This has exactly happened after the recent amendment made in the Legal Metrology (Packaged Commodities) Rules, 2011 (“PC Rules”) regarding packages supplied to “industrial consumers” and “institu...
Konpal Rae在L&S的知识产权部门担任联合主任。她与各大国内和跨国客户紧密工作。她的经验和专业知识包括起草专利申请以及为客户提供分析。在L&S事务所，Konpal负责关于规划和执行知识产权策略。她也与D.P. Vaidya先生一起处理L&S各个不同的工程师团队的所有行政工作。在加入L&S之前，Konpal在印度联合利华研究中心担任4年的助理研究员。Konpal负责有关技术方面的专利，包括软件和电子产品以...
Lakshmikumaran & Sridharan (L&S) will be the knowledge partner in following seminars:
1. Seminar on Customs Valuation, Revised SVB Procedures & Export Promotion Schemes
Institute of Business Laws (IBL) is organising a full day conference on Customs Valuation, Revised SVB Procedures & Export Promotion Schemes in New Delhi on ...
Lakshmikumaran & Sridharan (L&S) will be the knowledge partner in the following seminars:
Seminar on Cenvat Credit – An analysis of recent changes
Institute of Business Laws (IBL) is organising a seminar on ‘Cenvat Credit – An analysis of recent changes’ in New Delhi on 22 April, 2016 and in Chennai on 26 Apri...
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