Knowledge Session: Key developments in tax, trade & employment laws

The session will explore critical issues relating to export refunds, intermediary services, related party transactions, non-monetary incentives, international trade regulations, labour law reforms, foreign exchange compliance, restructuring transactions, and transfer pricing developments. Designed for tax, legal, finance, HR, and compliance professionals, the session aims to provide practical insights, recent regulatory updates, and strategic perspectives to help businesses navigate an increasingly complex legal and regulatory environment. 

The discussions will inter-alia cover : 

GST

• Refund in case of exports and inverted duty structure
• Intermediary Services
• Related party transactions
• Implications on non-monetary benefits provided to dealers/customers
• Assignment of leasehold rights in land
• Issues in job work/contract manufacturing
• Miscellaneous issues 

Customs and FTP

• Leveraging FTAs for fulling Export Obligations & export growth
• Relevance of Classification / Exemptions under the Customs Law
• Latest Trends in Customs Facilitation / Ease of Doing Business- Customs Audit Regulations
• Glimpse of MOOWR Scheme
• SCOMET Regulations & Compliance (including recent updates)
• Importance of Advance Ruling Mechanism in Customs
• DGFT/Department of Commerce-their say in fiscal matters
• Recent developments in Customs & Foreign Tade area (Case laws, Notifications, Circulars, etc.) 

Labour Codes

• Overview of Labour Codes
• Universal definition of Wages : Decoding the 50-50 rule and Restructuring
• Change in thresholds and compliance requirements 

FEMA

• Declaration for export of goods, services and software in a master form – Form EDF
• Revision in payment timelines for import and export transactions
• Liberalization of the set-off process and revamp of write-off provisions
• Simplification of Merchanting Trade Transactions (MTT) 

Corporate Restructuring

• Merger and Demerger 
• Recent Updates on Fast Track Merger
• Business Transfer Arrangements 

Transfer Pricing and Direct Tax

• Safe Harbor Provisions for GCC’s and IT/ITES sector
• Intra group services – Recent Developments in Transfer Pricing
• Contract Manufacturer – Characterization and use of Berry ratio 
• Risk of GAAR in corporate restructuring arrangements – recent developments
• Business Transfer Arrangements – Practical Perspectives. 
• Allowability of IPO expenses as a deduction from taxable income and against capital gains

Speakers - 

• T  Viswanathan, Principal Partner
• Ratan Jain, Executive Partner
• Asish Philip, Executive Partner
• Nirav Karia, Partner
• Chaitanya Bhatt, Partner
• Sudin Sabnis, Partner
• Pratyush Jain, Principal Associate
• Jayesh Talreja, Associate Partner