Economic Laws Practice

Work +91 22 6636 7000
Fax +91 22 6636 7172
New Delhi, Mumbai

Economic Laws Practice (ELP) is a leading full-service Indian law firm established in the year 2001 by eminent lawyers from diverse fields. ELP brings to the table a unique combination of professionals which constitutes of lawyers, chartered accountants, cost accountants, economists and company secretaries; enabling the firm to offer services with a seamless cross-practice experience and top-of-the-line expertise to its clients. The firm currently has offices in Mumbai, New Delhi, Pune, Ahmedabad, Bangalore and Chennai; and a team of over 120 qualified professionals.

ELP’s market leading tax practice offers comprehensive qualitative services across both indirect and direct taxes (including transfer pricing) covering the entire spectrum of transactional, advisory and litigation work. The firm’s integrated expertise in advisory and litigation matters allows ELP to seamlessly address any disputes that arise enabling the firm to offer redressal. ELP has assisted some of the world’s largest corporations on matters ranging from legal advisory to strategic decisions relating to their domestic as well as cross-border business and transactions.

ELP’s indirect tax expertise covers the entire gamut of taxes including excise, customs, service tax, sales tax/value added tax (VAT) and entry tax. The firm also advises clients on foreign exchange regulations, foreign trade policy and export control and trade sanctions. ELP’s wealth of experience includes advising clients across sectors and countries. The firm has also represented various industry associations before the Ministry of Finance and its functionaries on various issues vexing business operations. The firm has also advised the government on policy initiatives.

ELP’s direct tax expertise covers all aspects of international and domestic tax matters including transfer pricing. The team outlines commercially viable structures and suggests arrangements to clients so as to achieve objectives in a tax and regulatory efficient manner. The firm offers cutting edge and novel solutions to issues that emanate at the structuring stage of transactions with the view to provide forward looking tax strategies to clients.

ELP’s transfer pricing service offers solutions across industries and geographies with the focus on not only a comprehensive analysis but also on assisting clients in planning their transfer price. The firm is uniquely positioned amongst firms in India due to the added ability to advice on trade and customs. ELP’s team has been trained internationally and is able to provide a broader perspective on matters and transactions to clients to mitigate risks in the future.

ELP routinely renders litigation services to clients. The firm strategises, assists and represents clients in both adjudication as well as appellate proceedings. The team has handled cases from the stage of appearing before assistant or deputy commissioners right up-to the Supreme Court, with respect of various aspects such as dutiability, taxability, classification, valuation, exemption, refund and drawback. ELP’s team has the expertise and ability to represent clients at various fora, including the Dispute Resolution Panel, Authority for Advance Rulings and the Supreme Court of India.

ELP is the firm of choice for its clients due to its commitment to deliver excellence and has won several awards, including the ‘Taxation Firm of the Year’ award in India Business Law Journal’s Indian Law Firm Awards consistently for the past 6 years, and the ‘Best Tax Firm of the Year’ award at the LegalEra Awards 2014 and 2015.

Head of tax practice Rohan Shah

Above material supplied by Economic Laws Practice.

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