"06 April 2020" Archive - Page 5

Summary of GST Notifications announced due to Covid Outbreak

Central Board of Indirect Taxes & Customs (CBIC) has issued various notifications on 3rd April 2020 to give effect to GST relief measures announced by Finance Minister on 24.03.2020. The summary of the aforesaid amendments are attached. LEGAL UPDATE – GST 1. Central Board of Indirect Taxes & Customs (CBIC) has issued various not...

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Company Fresh Start Scheme 2020- One time additional fees waiver

MCA as COVID 19 relief providing initiatives with Central Govt., has introduced scheme namely Company fresh start Scheme, 2020 as one time opportunity to file various statements, documents and returns required under Companies act, 2013 as well as Companies Act, 1956....

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DGFT removed restrictions on export of 12 APIs and 12 formulations

Notification No. 02/2015-2020-DGFT [S.O. 1248(E)] 06/04/2020

Foreign Trade Policy, 2015-20, the Central Government hereby makes following amendment in the chapter 29 and 30 of the Schedule 2 of the ITCHS Export Policy amending the Notification No. 50/2015-20 dated 03.03.2020 related to export Policy of APIs and formulations made from these APIs:...

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Reg. Retrospective Issuance of Certificates of Origin under India’s Trade Agreements

Trade Notice No. 62/2019-2020-DGFT 06/04/2020

Government of India Ministry of Commerce & industry Department of Commerce Directorate General of Foreign Trade Dated 6th April, 2020. TRADE NOTICE NO 62/2019-2020 To 1. Regional Authorities of DGFT 2. Customs Commissionerates 3. Members of Trade and Industry 4. Joint Secretary (Customs), CBIC 5. Ministry of Trade and Commerce/ other ...

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Anti-Dumping Investigation of imports of Mono Ethylene Glycol from Saudi Arabia terminated

Case No. (O.I.) 21/2019 06/04/2020

It is clarified that as the domestic industry has requested for termination of the investigation only in respect of imports of ‘Mono Ethylene Glycol (MEG or Ethylene Glycol)’ from Saudi Arabia, the investigation shall continue against the imports of subject goods originating in or exported from Kuwait, Oman, UAE and Singapore in accor...

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GST Covid-19 relief package, 7 GST notification Issued

D.O.No. 09/CH(IC)/2020 06/04/2020

On the GST side, as part of the GST Covid- 19 relief package, seven GST notifications giving effect to the compliance-relief package announced by the Hon'ble Union Finance Minister have been issued. The package includes postponement of return filing, reduction of applicable interest rates, extending the period of SVLDRS, extending e-Way b...

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Insider trading in USA: Its evolution, current rules and other titbits

Insider trading, the bane of many Indians who were caught and jailed for their infamous acts is not new to USA. Even in 1700s, Mr. Nilliam Duer, Assistant Secretary, Treasury Department of Federal Government, USA, used his position to guide the purchase of bonds. This article intends to guide its evolution, current rules and show [&hellip...

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Supply of Medical Oxygen smooth and hassle-free

As part of maintaining smooth supply of essential items in the country, Union Home Secretary, Shri Ajay Kumar Bhalla has written to all State Chief Secretaries to give special attention on keeping the supply of medical oxygen smooth and hassle-free....

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SCBA Creates New ‘SCBA Covid 19 Helpline Scheme’

The Supreme Court Bar Association has set up a plan by the name of ‘The SCBA COVID-19 HELPLINE SCHEME‘ so as to give budgetary help to individuals who are confronting troubles because of the national lockdown in the wake of the Coronavirus flare-up. BENEFIT OF THIS SCHEME: The Scheme involves giving an advance of Rs. […...

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Impact of Coronavirus on Auditing of Financial Statements

The global financial authorities are already shaken by the implications of the spread of COVID-19 on a world scale. It is highly unlikely to state when the current situation will pass and the economy will come right back on the tracks. It seems very justified to state that the pandemic which originated far away from […]...

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