News Update

Govt orders mandatory declaration of stock position of wheatCPI gets Rs 11 Cr tax notice for using old PAN numberGST - Penalty demand of Rs.3731 crores - A person who would fall within the purview of sub-section (1-A) of s.122 should necessarily be a taxable person who retains the benefits of transactions: HCGovt issues advisory against calls impersonating DoTFATP hand-wrings over slow regulation of crypto by member-countriesGST - Threatening and pressurising petitioner who is merely an employee - Highly unconscionable and disproportionate on the part of the officer: HCECI's C-Vigil app a big hit with votersGST - Same relief was claimed in earlier petition which was withdrawn unconditionally - Fresh petition seeking same relief is barred by the estoppel principle: HCIncome tax hands over Rs 1700 Cr tax demand to Congress PartyGST - Neither SCN nor the order spell out the reasons for retrospective cancellation of registration, hence cannot be sustained: HCStage-2 of Vikram-1 orbital rocket successfully test-firedGST - Non-application of mind - If reply was unsatisfactory, details could have been sought - Record does not reflect that such exercise was done - Matter remitted: HCHouthis claim UK has not capability to intercept their hypersonic missilesGST - Merely because a taxpayer has not filed returns for some period does not mean that registration is required to be cancelled with retrospective date also covering the period when returns were filed and taxpayer was compliant: HCIsraeli forces kill 200 Palestinians at Gaza medical complex & arrest over 1000GST - Petitioner's reply, although terse, is not taken into account while passing assessment orders - Petitioner put on terms, another opportunity provided: HCUnveil One Nation; One Debt Code; One Compliance Rule for Centre & StatesChina moves WTO against US tax subsidies for EVs & renewable energyMore on non-doms - The UK Spring Budget 2024 (See TII Edit)Training Program for Cambodian civil servants commences at MussoorieCBIC revises tariff value of edible oils, gold & silverCBIC directs all Customs offices to remain open on Saturday & SundayI-T- Once the citizen deposits the tax upon coming to know of his liability, it cannot be said that he has deliberately or willfully evaded the depositing of tax and interest in terms of Section 234A can be waived: HCHouthis attack continues in Red Sea; US military shoots down 4 dronesCus - No Cess is payable when Basic Customs Duty is found to be Nil: CESTAT
 
India, US ink pact on IP cooperation and protection

By TIOL News Service

NEW DELHI, DEC 03, 2020: INDIA and the U.S. signed a Memorandum of Understanding (MoU) to cooperate in the field of intellectual property (IP) cooperation and protection for the next 10 years.

India's Department for Promotion of Industry and Internal Trade(DPIIT) under the Ministry of Commerce and Industry (MoCI), signed the deal with the United States Patent and Trademark Office (USPTO) in a virtual meeting on Wednesday.

“The MoU will go a long way in fostering the cooperation between India and U.S., and provide opportunities to both countries to learn from the experience of each other, especially in terms of best practices followed in the other country. It will be a landmark step forward in India's journey towards becoming a major player in global innovation,” said a press release from the MoCI.

The agreement describes a range of cooperative activities pertaining to exchanging best practices, collaborating in training programmes, securing and enforcing IP rights in the areas of patents, trademarks, copyrights, geographical indications, and industrial designs.

The agreement will also help in facilitating exchange and dissemination of best practices, experiences and knowledge on IP among the public, and to the industry, universities, research and development (R&D) organisations, and small and medium-sized enterprises.

The MoU will help in exchanging information on the development and implementation of automation and modernisation projects, new documentation and information systems in IP and procedures for management of IP Office services.

It will also ensure cooperation between the two nations to understand the issues related to traditional knowledge, and the exchange of best practices, including those related to the databases and raise awareness on the use of existing IP systems to protect the same knowledge.

Additional cooperation activities will be mutually decided by the participants, said the MoCI. Both sides will also draw up a Biennial Work Plan to implement the MoU which will include the detailed planning for carrying out of the cooperation activities including the scope of action.


POST YOUR COMMENTS
   

AR not Afar by SK Rahman

TIOL Tube Latest

Shri Shailendra Kumar, Trustee, TIOL Trust, giving welcome speech at TIOL Awards 2023




Shri M C Joshi, Former Chairman, CBDT




Address by Shri Buggana Rajendranath, Hon'ble Finance Minister of Andhra Pradesh at TIOL Awards 2023