Lakshmi Kumaran & Sridharan AttorneysAn ISO 9001 / 27001 certified law firm

Seminars in Jan-Feb – Customs Valuation, Works Contract

The Institute of Business Laws, in association with Lakshmikumaran & Sridharan, is organizing the following seminars:
  • Works Contracts, EPC Contracts & Construction Contracts – VAT & Service Tax Issues
  • Customs Valuation, SVB & Transfer Pricing                 
Seminar on Customs Valuation, SVB & Transfer Pricing

Chennai – 24th January 2014
New Delhi – 14th February 2014        

Customs Valuation

Importers, exporters, custom house agents, logistics providers and other stake holders have grappled with issues on Customs Valuation for a long time. The increased monitoring and tough stance by the customs authorities have compounded the issues. Adoption of rules for Customs Valuation in India on the lines of GATT Valuation Code has not made significant impact specifically in cases pertaining to inclusion of royalty & license fees and transactions between associated enterprises. More often, the latter cases are taken by Special Valuation Branch (SVB) located in Custom Houses in major cities and stakeholders are required to provide a host of documents and go through the onerous process of hearing, orders and appeals.            

Transfer Pricing

The dichotomy between stance taken by tax authorities for customs valuation and transfer pricing is more prominent than ever. While Customs authorities seek to enhance the value of imported goods, Income Tax Department demands that lower transfer prices be adopted. The stakeholders need expert assistance and customised solutions for these complicated issues arising out of Customs Valuation, SVB investigations and Transfer Pricing. The seminar seeks to address the same.              

Seminar on Works contracts & Construction contracts – VAT & Service Tax issues

Bangalore – 24th January 2014            

This seminar is intended to guide service providers, works contractors, EPC contractors, real estate developers & builders, manufacturers engaging contractors and entities involved in infrastructure, construction and other projects on implications of Value Added Tax (VAT) and Service Tax on works contracts, EPC contracts, turnkey projects, development agreements and construction contracts.            

In the recent judgments delivered by the courts seem to compel us to rethink and revisit our traditional understanding of the concepts. This seminar proposes to cover:
  • Liability to VAT and Service Tax for works contracts, EPC contracts and construction contracts
  • Implications of recent judgments on the issue
  • Valuation in various scenarios like exclusion of land value and computation of such value
  • Valuation and computation of tax payable under various models of transactions and agreements
  • Composition Scheme under Service Tax                   
More information on these seminars is available in
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