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Regulatory Compliance
“The growing need for companies to comply with a wide varieties of regulatory requirements creates new and difficult challenges that can distract an organization from adding value to its products, (and) yet achieving compliance is essential to protecting the value of its innovations
—-Jim Brown”
Chapter Objectives
To understand:
- Impact of regulatory environment on SC operations
- Multimodal Transportation Act, 1993
- Goods and service tax
- Warehousing Act
- VAT and CENVAT
- Contract manufacturing and transfer pricing (TP)
- Regulations for dangerous goods
- TIR carnet and INCOTERMS
Regulatory Framework
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