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This year was the most important year for the medical device companies from the perspective of the medical devices and the regulations since the Medical Device Rules, 2017 has came into force on January 01, 2018. The Government has planned to amend the regulations for medical devices to considerably expand the medical device regulations reach. […]
Every taxable person is responsible to pay tax on ad-valorem basis meaning “according to the value” the person is taxed based on the value of transaction or a property. Every individual liable to pay tax has to pay GST on both for supply of goods or services and the value for the same has to […]
Every income earning citizen of India is subject to The Income Tax Act, 1961, and the Income Tax Rules, 1962, and is obligated to file returns at the end of every financial year with the Income Tax Department if his income is under the taxable limit. The income tax return should be filed before the specified due date. […]
The Ministry of Home Affairs manages this Act called Private Security Agencies Regulation Act, 2005 (PSARA) that monitors the Private Security Industry in India. This Act regulates the administration of the private security agencies through a Controlling Authorities as appointed by a State Government. In India the PSARA license is a mandatory requirement for opening any […]
According to the Government rules, the LPG users are eligible to get 12 cylinders only in one year at a subsidised rate. Under the Direct Benefit Transfer Scheme (DBTL) or the PAHAL (Pratyaksh Hanstantrit Labh) as introduced by the Government for the LPG scheme, it allows LPG customers to avail the benefit of LPG subsidy […]
The regulation of Medical devices and In vitro diagnostic device (IVDs) in India are managed by the Drug Controller General of India (DCGI) which is within the Central Drugs Standard Control Organization (CDSCO). The regulatory structure for medical devices and In vitro diagnostic device (IVDs) is established on drug regulations under the Drugs and Cosmetics Act, 1940and Rules […]
The Government of India under the Food Safety & Standards Act, 2006, has established this autonomous body known as the Food Safety Standards Authority of India, (FSSAI). Food Safety and Standards Authority of India ( FSSAI) is created with the objective of laying down standards and guidelines that can be based on science to manage […]
Non – governmental organisation (NGO) is a widely accepted term for referring to a legally constituted body working for a social cause for uplifting the society. NGO is created by natural or legal person without any representation or participation by the government. The major function of the NGO is to give its commitment for the […]
According to Indian legislators for a successful IPR system, the patents are approved not only to permit patentees to have the benefit of monopoly over the patented article but also to protect the purpose that the inventions are worked on a commercial scale in India and can be used to the complete extent that is […]
Non-Governmental Organization (NGO) is an entity that is working with the objective of uplifting the society, charitable and other social purposes and is also known as the not-for-profit making organization. NGO facilitates its mission towards the promotion of social welfare, arts, charity, science, research, sports, education, religion, and more. The expression Non Government Organization or […]
If you are planning on importing the products into India then you must be having an idea about the RCMC, it stands for Registration-cum-Membership Certificate. A Registration Cum Membership Certificate (RCMC) is a certificate that is issued by the Federation of Indian Export Organizations (FIEO) and the Export Promotion Councils (EPC) or the Commodity Boards – […]
With the emerging competition in the market the business dealers need to expand their market scope so as to maintain the status in the market. Hence, sustainable growth can be achieved if the markets start dealing at the international level for which Import and Export Code (IEC) registration is a mandatory condition. Thus, any business […]
Import Export Code (IEC) certificate is mandatory for anyone who plans to start importing and exporting business in India. Director-General of Foreign Trade (DGFT) is the authority under the Government of India to issue the IEC certificate. IEC is a number that is a ten digit code with a validity of lifetime. Primarily, the importers […]
Due to the development of the industrial progress, the consequence we can see is the generation of huge amount of waste. Therefore, it has become a matter of international concern to have an efficient waste management and countries have set up vigorous management regimes for regulating waste for the purpose of balancing the object of […]