The government today notified two more Special Economic Zones – that of Hexaware and Medicaps — taking the total number of notified zones to 22. Hexaware is setting up an 11 hectare Information Technology SEZ at Siruseri in Tamil Nadu, while Medicaps is establishing a 12.25 hectares IT SEZ at Indore in Madhya Pradesh. The [...]

Germany’s investment in India has increased by more than two fold at 303 million dollar in fiscal 2005-06 compared to 145 million dollar in the previous year, according to Indo-German Chamber of Commerce. The bilateral trade between India and Germany has also increased by 30.8 per cent for the first six months of 2006 at [...]

Dear Fellow Members I have a query on which i seek your expert opinion. Facts of Case One of my client got a machinery installed and there was a clause of performance gurantee in the contract with vendor.Now after 3 years the performance was not meeting the guranteed performance and the vendor replaced the machinery [...]

Applicability of Service Tax on Builders In budget 2005, Finance Minister P. Chidabaram bought the Construction Services under ambit of service tax. This meant that builder taking the services from contractors for construction or other allied services will have to pay Service Tax to such contractors. However, what will be the treatment for Service Tax [...]