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RIL's Haryana SEZ, 10 others asked to seek fresh licence
The Centre has refused to extend the in-principle approvals to as many as 11 SEZ projects, including the Mukesh Ambani-promoted Reliance Haryana SEZ, Posco India and Indiabulls Infrastructure, stating that the rules do not allow giving them more time for implementation.

Small needn't mean better
Business Standard / New Delhi December 20, 2009, 0:28 IST

News of the day

Input credits under service tax law
In a recent landmark judgement in Coca Cola India Pvt. Ltd. vs. Commissioner of Central Excise (2009-VIL-06-HC-BOM-ST), the Mumbai High Court has interpreted the relevant provisions of service tax law in a broad and inclusive manner in order to hold that expenses incurred by a company in relation to advertising and promoting a brand owned by it would be eligible for input tax credits as such services will qualify as ‘input services’. The decision has extended the present understanding of the service tax provisions to a significant extent and beneficially at that.
Management

Reliability testing centre launched

Robert Bosch Engineering and Business Solutions (RBEI), the engineering and IT services subsidiary of Bosch in India, has launched the Reliability Testing Centre that it said would help enhance the reliability of automotive components like Electronic Control Units (ECU), in varied environmental conditions. - Gas field validation independent; no deals with RIL: Mustang - KEC International bags Rs 780 cr contracts; shares surge 8% - McNally Bharat bags order worth Rs 24.69 cr - Escorts Ltd appoints O K Balraj as CFO - Pursue degrees in engineering, healthcare: suggests HR execs - Patel Engg shareholders cap borrowing limit at Rs 1,500 cr The new lab is located besides the electronic control unit production facility of Bosch at Naganathapura here. The lab especially adresses requirements from the local market, a company press release said. "This test centre is filling up the last gap in our local product development processes. With the availability of this facility we are now able to develop products for our customers right from the concept stage to the delivery stage, completely localised in India", said Friedhelm Pickhard, managing director, RBEI.


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