Other Briefings
India Mulls Scrapping 30 Percent Domestic Sourcing Requirement
India’s Department of Industrial Policy and Promotion is reportedly considering scrapping the 30 percent domestic sourcing requirement in single-brand retail.
India’s Import Policy: Procedures and Duties
The fundamentals of India’s import export (EXIM) policy are explained, in addition to the various documents and duties importers should be cognizant of.
New Foreign Investment Proposal Checklist Released in India
India’s Department of Industrial Policy and Promotion has released a new document checklist for submitting proposals to the Foreign Investment Promotion Board.
Investors Push for Changes to India’s Companies Act 2013
As Narendra Modi takes charge as Prime Minister, Indian businesses and foreign investors are pushing for a review of several provisions in the Companies Act 2013.
MoF Releases New Foreign Exchange Rate for Imported and Exported Goods
India’s Ministry of Finance (MoF) has released new guidelines regarding the rate of foreign exchange for calculating customs duties on goods being imported and exported from the country.
India Extends Excise Duty Cuts on Vehicles and Capital Goods
India’s Ministry of Finance has officially extended existing duty concessions on several items including vehicles, capital goods and consumer durables to December 31, 2014.
Key Aspects of India’s Corporate Social Responsibility Mandate Clarified
The Ministry of Corporate Affairs have released a new circular that clarifies certain aspects of India’s corporate social responsibility mandate, including guidelines for determining whether an event qualifies as a CSR expenditure.
Liaison Office Applications Facing Stricter Application Rules
Authorities have begun applying a stricter interpretation of the liaison office (LO) application rules, which specifically prohibit LOs from engaging in any ‘commercial activities’ and possessing a ‘direct trading connection between the LO and the parent.’
