You are aware that the ‘Special Valuation Branch (hereinafter referred to as “SVB”) was created as institution specializing in investing transactions involving relationship between foreign supplier and importer or those involving other special circumstances surrounding the sale of imported goods, both of which a bearing on the assessable value. In this regard, detailed instructions … Continue reading SPECIAL VALUATION BRANCH UNDER THE CUSTOMS LAW

COMPARATIVE ANALYSIS S.No. Particulars Private Limited Company One Person Company (OPC)  Limited Liability Partnership(LLP)   1. Minimum Number of Directors and Shareholders Members/Shareholders – 2 Directors – 2 Note: Directors and members may or may not be same. Only a natural person can be a director, also one person should be an Indian director i.e. … Continue reading Comparative Analysis between a private limited company, one person company and limited liability partnership

As we all know, the Swachh Bharat Cess (SBC) is being levied by the Central Government @ 0.5 percent on taxable services. Initially, there was no clarity on the availability of Cenvat Credit under the Cenvat Credit Rules, 2004 or refund/rebate thereof in case of export of goods/services. The Central Board of Excise and Customs … Continue reading Clarification on Swachh Bharat Cess