Institute of Business Laws in association with Lakshmikumaran & Sridharan (L&S), is organising a seminar on 25 April, 2014 in Pune to deliberate on Customs Valuation, SVB issues and Transfer Pricing.
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.
More information on this seminar will be available in www.iblglobal.com soon.