Lakshmikumaran & Sridharan is a full-service law firm based in India. The firm has offices in 14 cities and has over 400 professionals specializing in areas such as corporate & commercial laws, dispute resolution, taxation and intellectual property.

Over the last three decades, we have worked with a variety of clients – start-ups, small & medium enterprises, large Indian corporates and multinational companies.

Our professionals have experience of working in both traditional sectors such as commodities, automobile, pharmaceuticals, petrochemicals and modern sectors such as e-commerce, big data, renewables.



04 February 2023

Budget 2023 – Changes in Customs and GST laws

The Hon’ble Finance Minister of India presented the Union Budget 2023 as usual on 1st of February. Though the pre-budget speculation that the Union Budget would bring in some amnesty scheme for direct taxes and customs, turned out to be false, the 5th and last budget of the current government has made various significant tax proposals. Few important changes in the Customs and GST laws have been highlighted below.


18 January 2023

Computers – All in one integrated desktop computer is not portable – Classifiable under TI 8471 50 00

The Supreme Court has on 17 January 2023 held that Automatic Data Processing Machines (‘ADP’) which are popularly known as ‘All-­in-­One Integrated Desktop Computer’ are to be classified under Tariff Item 8471 50 00 of the Customs Tariff Act, 1975 and not under Tariff Item 8471 30 10 ibid.


10 January 2023

Recovery proceedings under SARFAESI Act will prevail over those under MSMED Act

news & briefings The Supreme Court of India has on 5 January 2023 allowed an appeal against the decision of the Madhya Pradesh High Court which had held that Micro, Small and Medium Enterprises Development Act, 2006 ('MSMED Act') will prevail over Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 ('SARFAESI Act').

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