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Archive: 02 January 2024

Posts in 02 January 2024

Govt Announces Interest Rate for Special Deposit Scheme for January 1 to March 31, 2024

January 2, 2024 1650 Views 0 comment Print

Get the latest update from the Ministry of Finance on the Special Deposit Scheme. Discover the revised interest rate of 7.1% effective from January 1 to March 31, 2024

Draft Patents (2nd Amendment) Rules, 2024

January 2, 2024 2418 Views 0 comment Print

Explore the proposed amendments to the Patents Rules, 2003 by the Ministry of Commerce and Industry. Learn about adjudication procedures, penalties, and how to file appeals.

RBI Draft Circular: Declaration of Dividend and Profit Remittance Guidelines

January 2, 2024 822 Views 0 comment Print

The Reserve Bank of India issues a draft circular on banks declaring dividends and foreign bank branches remitting profits. Learn about the proposed guidelines.

Lakhbir Singh & Goldy Brar notified as ‘Terrorists’ under UAPA: Compliance Alert

January 2, 2024 432 Views 0 comment Print

Read about RBI designation of individuals as Terrorists under UAPA, their listing, and compliance measures for Regulated Entities. Stay informed with the latest updates

Draft Geographical Indications of Goods (Registration and Protection) (2nd Amendment) Rules, 2023

January 2, 2024 435 Views 0 comment Print

Explore the draft Geographical Indications of Goods (2nd Amendment) Rules, 2023, covering adjudication procedures, appeals, and key changes. Get insights into the impact on intellectual property protection.

Custom duty on processed goods leftover after completing export obligations

January 2, 2024 423 Views 0 comment Print

CESTAT Ahmedabad’s order in L&T vs. C.C.-Kandla regarding taxability of processed goods leftover after completing export obligations.

Draft Trade Marks (1st Amendment) Rules, 2024

January 2, 2024 1800 Views 0 comment Print

Explore the proposed Trade Marks (1st Amendment) Rules, 2024 by the Ministry of Commerce and Industry. Learn about adjudication procedures, penalties, and the appellate process.

Bar of unjust enrichment doesn’t apply as imported goods used for manufacture of final product

January 2, 2024 483 Views 0 comment Print

CESTAT Kolkata held that question of unjust enrichment in terms of section 27(2) of the Customs Act doesn’t not arise as imported goods are used as raw material for manufacture of final product i.e. imported goods are not sold to someone else.

Financial assistant in JVA by way of Inter-corporate Deposit doesn’t qualify as financial debt

January 2, 2024 444 Views 0 comment Print

NCLAT Delhi held that financial assistance given by the Appellant in a Joint Venture Agreement (JVA) by way of an Inter-Corporate Deposit (ICD) does not fall within the canvas of financial debt as defined u/s. 5(8) of the IBC. Hence, CIRP application u/s 7 not entertained.

Outside treatment allowed due to lack of appropriate medical facilities in Delhi prison

January 2, 2024 402 Views 0 comment Print

Delhi High Court held that as the medical facilities available at jail dispensary not adequate for medical treatment of the applicant, the applicant is allowed to get required physiotherapy treatment at Safdarjung Hospital, Delhi.

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