PPT-Concept of Related Party Transactions under Customs Law

ICMAI Bangalore October 22 2016 S 1 Contents Customs law with respect to Imports Regulatory Framework Methods of Computation Customs Law with respect to Exports Special Valuation Branch. -BY. VISHAL KUMAR. AS-18 Related Party Disclosures. Need of AS on Related Party Transactions. . There is general presumption that . transaction . reflected in the financial statements are executed on . Transactions. The Companies . Act 2013. B. Murli . Senior Vice President - Legal & Company Secretary. Nestlé India Limited. 12. th. September 2013. 1. FICCI - ICSI Conference . on the Companies Act 2013 A . Section 188. Applicability of Section 188. Related Party with reference to a Company, means -. a . d. irector or his relative;. a. Key Managerial Personnel or his relative;. a. firm, in which a director , manager or his relative is a partner;. D.G Risk . Management. . and. . Customs. . Control. BİLGE . SYSTEM. A software program . called. . BİLGE. . (. BİL. gisayarlı. . G. ümrük . E. tkinlikleri). (. Computerized. . Customs. . as. applicable to. P. rivate Companies and Unlisted Public Companies. March 13, 2015. Lalit Kumar. Partner. J. . Sagar Associates. advocates & solicitors . Ahmedabad | Bengaluru . | Chennai | Gurgaon | Hyderabad | Mumbai | New Delhi. November 8, 2013. Index . What is Transfer Pricing?. Basics of Transfer Pricing – Why is it important. ?. U.S. Transfer . pricing . rules . Common Intercompany Transactions. Transfer Pricing Disclosures & Penalties. November 8, 2013. Index . What is Transfer Pricing?. Basics of Transfer Pricing – Why is it important. ?. U.S. Transfer . pricing . rules . Common Intercompany Transactions. Transfer Pricing Disclosures & Penalties. M.V. Damania & Co.. Chartered Accountants. Nilay Shah || Arpita Gadodia. 2. 1.Director or its Relative . Director u/s 2(34) means a . director. appointed to the Board of a Company.. M. V. Damania & Co., . . Manohar. . Purohit. Vice President – Company Secretary & . Compliance officer – Reliance Power Limited. Why Related Party Transactions ??. RPT are integral part of business in today’s world. . Related Party. Related Party under CA, 2013 (1/2). Section 2(76):. . Related party with reference to a company means:. (. i. ) a director or his relative;. (. ii. ) a . KMP or . his relative. ;. (. iii. Mbakiso Magwape. Principal Legal Officer, Legislation & Compliance. Botswana Unified Revenue Service. Doctoral Candidate (University of Pretoria). Objectives of Paper. E. xamines . trade and customs related . Current WCO and international developments. 1. What is the issue for Customs?. Customs objective: . To verify whether a price has been influenced in a related-party transaction. Options: . Test values (difficult to use). Into A Winning Formula . Damon V. Pike/Anna Zajac - BDO USA, LLP. Wendy Everett/Keith Anderson - Schaeffler Group, USA, Inc.. . Agenda. Basics of Transfer Pricing. Customs Valuation Overview. Related Party Pricing – “Circumstances of Sales”. Accounts, Auditors, Dividends and Related Party Transactions. 12 September 2013. Con. tents. 2. Background. Accounts of Companies. Auditors. Dividend. Related . Party . Transactions. Glossary. Accounts of Companies.