Monthly Archives: March 2013

India’s Transfer Pricing Guidelines/ Circulars on Identification of Contract R&D Service Provider with Insignificant Risk, and on Application of Profit Split Method Based

Dated 30th March 2013 The Rangachary Committee of government of India had submitted its report on “Taxation of Development Centres and IT Sector” on 14th September, 2012, making recommendations on the following issues: • Parameters to identity contract R&D services … Continue reading

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Government of India Marginally Extends Date of Implementation of Compulsory Registration for Electronic Goods

Dated 21st March 2013 The Department of Electronics and IT has extended the date of implementation of Compulsory Registration for electronic goods under the “Electronics and IT Goods (Requirement of Compulsory Registration) Order, 2012” for a period of three months … Continue reading

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Clarification issued by DGFT on availability of Deemed Export Benefits for supply of goods to Mega Power Projects.

Dated 18th March 2013 DGFT(Ministry of Commerce and Industry, GOI) vide Policy Circular No.14 (RE-2012/2009-14) Dated: 4th February, 2013 has clarified on availability of Deemed Export Benefits for supply of goods to Mega Power Projects as mentioned below. Paragraph 8.2(f) … Continue reading

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Clarification issued by DGFT regarding deemed export benefits for supply against ARO/Invalidation letter against Advance Authorisation

Dated 18th March 2013 DGFT(Ministry of Commerce and Industry, GOI) vide Policy Circular No. Policy Circular No. 15 /2009-2014 (RE 2012) Dated: 21st Feb, 2013 on deemed export benefits for supply against ARO/Invalidation letter against Advance Authorisation has clarified as … Continue reading

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AMENDMENTS IN THE Special Chemicals, Organisms, Materials, Equipment and Technologies (SCOMET) LIST OF INDIA

Dated 17th March 2013 DGFT vide NOTIFICATION No. 37 (RE-2012) /2009-2014 DATED: 14TH MARCH, 2013 has amended the list of specified goods, services and technologies, i.e. Special Chemicals, Organisms, Materials, Equipment and Technologies (SCOMET) that was notified vide Notification No.38 … Continue reading

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Guidelines for Corporate Social Responsibility of PSUs in India

Dated 17th March 2013 As per the existing guidelines on Corporate Social Responsibility (CSR) issued by the Department of Public Enterprises (DPE) in April, 2010, all profit making Central Public Sector Enterprises (CPSEs), including Maharatna CPSEs are required to select … Continue reading

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National Pharmaceutical Pricing Policy of India

Dated 17th March 2013 The National Pharmaceutical Pricing Policy, 2012 (NPPP-2012) has been notified on 7th December, 2012. As per provisions of NPPP-2012, all the medicines as specified under National List of Essential Medicines-2011 (NLEM-2011) shall be under price control. … Continue reading

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