Business and Finance

2 mn read The Special Valuation Branch (SVB) is a unit within the customs department in many countries that is responsible for determining the value of goods imported into the country. The SVB was established to ensure that the correct value is assigned to imported goods for customs duty purposes. In this article, we will provide a comprehensive […]

2 mn read The ETA (Equipment Type Approval) License issued by the Wireless Planning and Coordination (WPC) department in India is applicable to all wireless devices that operate on radio frequencies. This includes devices such as mobile phones, laptops, Bluetooth devices, wireless microphones, and other similar devices. The ETA License ensures that the wireless device conforms to the […]

3 mn read An owner may withdraw money from his/her business for personal needs; this is referred to as an owner’s draw. A record should be maintained when the business owner withdraws money from their company’s assets for personal purposes. If the money withdrawn is not properly recorded, it can create confusion in the company’s accounts. To keep […]

3 mn read An Advance Pricing Agreement (APA) is a bilateral agreement between a taxpayer and the tax authorities that outlines the method for determining the arm’s length price of a particular transaction or set of transactions between related parties. The purpose of an APA is to provide certainty and reduce the risk of transfer pricing disputes between […]

2 mn read A subset of denied party screening, OFAC screening stands for The Office of Foreign Assets Control screening, applies on entities that engage in transactions using US Dollars anywhere inside or outside the country. OFAC compliance also recognizes sanctions and embargoes on countries or political jurisdictions. Therefore, OFAC screening is pivotal to compliance needs for a […]

3 mn read NFTs have gained popularity in recent years due to their ability to provide ownership and authenticity for digital assets. They have been used to sell digital art, music, and collectibles, as well as to authenticate and track the ownership of physical items, such as luxury goods and sports memorabilia. What is NFT? An NFT, or […]

3 mn read Transfer Pricing was introduced in India in 2001 and since then it has gone through numerous changes in respect to amendments for the purpose of strengthening the rule. Transfer Pricing is a policy framework which helps the government to enforce tax laws effectively and efficiently. This topic has been debated for many years, with amendments […]