Monday, December 25, 2006

2.3 IP law should be in force

As per the definition, the IP law should be in force in India. Provisions pertaining to registration under the Plant Varieties Act and the IC Design Act have not been notified. Therefore, at present, there cannot be any taxable service arising under the Plant Varieties Act and the IC Design Act.
A trade secret (which is sometimes either equated with, or a subset of,"confidential information") is secret, non-public information concerning the commercial practices or proprietary knowledge of a business. However, if such trade secret is not covered by the Indian laws, then it will not be covered under taxable service.

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