Circular No. 4/2016-Cus and Circular No. 5/2016-Cus dated February 9, 2016 Background The Special Valuation Branch (“SVB”) specializes in investigation and assessment of transactions involving special relationships between buyer-seller and certain special features surrounding the sale of imported goods having bearing...

The Finance Minister has announced the Union Budget 2016-17 and various proposals. The attached booklet contains ELP’s analysis of the proposed amendments. ELP-Budget-2016-Analysis.pdf We trust you will find this a useful read. Should you have any questions, feel free to reach...

The Government of India, through the Ministry of Corporate Affairs (“MCA”), by way of a notification, has revised the merger control thresholds under the Competition Act, 2002 (“Act”) on March 04, 2016, valid for a period of 5 (five) years, ending...

The Transactional Net Margin Method (‘TNMM’) is a prescribed method for determining the arm’s length price in some cases. It also enjoins the adjustment owing to capacity under-utilization differences. Sizes of entities and level of activities differ, so does the available...