sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
« Transfer Pricing »
  Edcil India Limited, New Delhi
 Edcil India Limited, New Delhi
 Indian tax authority sets new CbC reporting deadline for US subsidiaries
 Private Company, New Delhi
 Motilal Nehru National Institute Of Technology, Allahabad, Uttar Pradesh
 I-T tribunal sends back Microsoft transfer pricing case to tax officer
 Transfer Pricing Adjustment - Status and Way Forward
 Transfer Pricing in India Explained
  Doing business in India: ‘Substance’ over ‘form’ in transfer pricing regime
 Tax authorities focus on transfer pricing adjustments
 Transfer Pricing: The AMP Issue Keep Oscillating

NLSIU gets endowment chair to carry out research on international best practices
September, 13th 2017

In a significant shift in how future policies in some key government departments such as the direct and indirect taxes administration are to be framed, the revenue department in the finance ministry has set up an endowment chair at the National Law School of University (NLSIU) in Bengaluru. Established with an endowment fund of Rs 6 crore, it will carry out research on international best practices and how they can be adopted in the Indian context.

The chair will grant research work every year on comparative studies of international best practices in taxation, dispute resolution mechanism, transfer pricing and ecommerce among others, and their relevance in the Indian context.These studies will be adopted in pol icy framing by the departments concerned and for the purpose of training officers. So far, the two departments of direct taxes and the indirect taxes use their in-house capabilities in framing polices and amendments in taxation laws.

The National Academy of Customs, Indirect Taxes & Narcotics (NACIN), part of the revenue department under the Central Board of Indirect Taxes and Customs (CBIC), formerly the Central Board of Excise and Customs, has signed an agreement with NLSIU for instituting the Endowment Chair for research work.

For capacity-building of its IRS officers, the NACIN has also signed a memorandum of understanding with the Indian Institute of Management in Bengaluru for training its officials on financial intelligence and investigation. So far, 90 officers of the CBIC have been trained at IIM, according to CBIC.

Researchers and students of the law university will be awarded work to carry out studies specific to the needs of the indirect tax department. The NACIN, which decides the research topics, is primarily responsible for training and capacitybuilding of directly recruited Group A officers from the Indian Revenue Services (Customs and In direct taxes). The university has also been tasked to design a law module which will be used for the training of newly-inducted IRS officers.

Starting this year, the CBIC has also been sending its officers to Science Po in Paris, the World Customs Organisation in Brussels and the Rotterdam Port in Netherlands to expose them to international best practices in customs and indirect tax administration. The Rotterdam port is one of the largest ports in Europe and until 2004 it was also the world's busiest port.

In the last few years, India has augmented its cargo-handling capacity at many of its existing ports and developed several new ports with private participation. The focus of the government is to develop a system of seamless flow of cargo travelling through seas and cut down on the delivery time

Home | About Us | Terms and Conditions | Contact Us
Copyright 2019 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Development Software Programming Software Engineering Custom Software Development Requirement Based Software Development Software Solutions Software Serv

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions