Monthly Archives: May 2011

REGULATORY REQUIREMENTS IN CASE OF RELATED PARTY EXPORTS/IMPORTS TO/IN INDIA

Dated 13th May 2011 The valuation of goods under Customs Law in INDIA is done under Section 14 of Customs Act 1962 which prescribes that valuation shall be based on arms length transaction value and in case transaction is not … Continue reading

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Indirect Tax Treatment in India of Embbeded/Pre-Loaded Software supplied alongwith Telecom Hardware

Dated 13th May 2011 India by now is the fastest growing cellular telephony market in the world with the second largest subscriber-base. Very recently (December, 2010) Telecommunication Regulatory Authority of India (TRAI) has issued a consultation paper on ‘Encouraging Telecom … Continue reading

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