News & Updates


Legal Update

Applicability of Discount to Foreign "Small Entity"

 

The Indian Patent office offers 50% discount to Small Entities whether incorporated in India or overseas. The manner of establishing whether or not an entity is a Small Entity under the Indian legislations is as follows:

Manufacturing Company/Firm will be Considered a small entity when:

Where Investment in Plant and Machinery does not exceed Rs. 10 Crores (Rs. 10,0000000 or Rs. 100 Million).

Please Note that the Cost of Pollution Control, Industrial Safety and Research and Development Equipment should be excluded in the calculation.

Currency Reference Rate

  • Rs. 66.13[1]= 1USD
  • Rs. 100 million = USD 1.512 Million

Services Company/Firm will be Considered a small entity when:

Where Investment in Plant and Machinery does not exceed Rs. 5 Crores (Rs. 5,0000000 or Rs. 50 Million).

Currency Reference Rate

  • Rs. 66.13= 1USD
  • Rs. 50 million = USD 0.756 Million

 


[1] The currency Rate is subject to Change, please refer the Latest Forex Rate at the website of Reserve Bank of India https://rbi.org.in/scripts/ReferenceRateArchive.aspx