The SKP Advantage
We are pleased to present SKP’s Doing Business in India guide – a publication intended to introduce investors to the business, regulatory and tax environment in India. With India’s increasing attractiveness as a destination for doing business, we hope this guide gives you an overview of the ever-changing Indian environment. If you are looking at investing in India, do contact our team for the latest information.
On 25 September 2014, India’s Prime Minister, Narendra Modi, launched the ’Make in India’ campaign to tell the world that things are changing in India: doing business is going to get easier, efficient and transparent. In his Independence Day speech on 15 August, the PM invited businesses from across the world saying, "Come, make in India! Come, manufacture in India! Sell in any country of the world but manufacture here."
This Alert is with regard to the recent judgment delivered by the Mumbai Tribunal in the case of Thyssenkrupp Industries (I) Pvt Ltd vs Commissioner of Central Excise, Pune, 2014 (10)TMI 476 with regards to the reversal of CENVAT credit where the company is engaged in providing both, taxable as well as exempt, goods and services as per Rule 6(3)(ii) read with Rule 6(3A) of the CENVAT Credit Rules, 2004.