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No repackaging of export goods shall be allowed inside CFS

September 23, 2020 4110 Views 0 comment Print

All officers posted at Export Docks are hereby directed to ensure: (i) that the export goods are received in the Export Shed with proper marking and numbering on the packages as laid down in Public Notice No. 75/2010 dated: 28.07.2010, Public Notice No. 93/2010 dated: 17.09.2010 and Standing Order No.12/2014 dated: 17.12.2014. (ii) that no repackaging of the export goods shall be allowed inside the CFS.

Judicial review should not be exercised virtually as a continuous oversight of DA’s functions: SC

September 22, 2020 672 Views 0 comment Print

Designated Authority & Ors. Vs. Andhra Petrochemicals Ltd. (Supreme Court) Access to judicial review is a valuable right conferred upon citizens and persons aggrieved; the Constitution arms the High Courtsand this court with powers under Articles 226 and 32. At the same time, barring exceptional features necessitating intervention in an ongoing investigation triggered by a […]

Measures taken by Government to Boost Export Credit

September 22, 2020 693 Views 0 comment Print

As per the data available with the Directorate General of Commercial Intelligence and Statistics (DGCIS) exports in 2019-20 were $ 313.36bn as compared to $330.08bn in 2018-19. A statement showing the State-wise Exports during 2018-19 and 2019-20 is Annexed.

Setting up of Industries by Foreign Companies

September 22, 2020 327 Views 0 comment Print

‘Make in India’ was launched on September 25, 2014, to facilitate investment, foster innovation, building best in class infrastructure, and making India a hub for manufacturing, design, and innovation. The development of a robust manufacturing sector continues to be a key priority of the Indian Government.

Proposal to extend time limits is under consideration: CBIC

September 22, 2020 28818 Views 0 comment Print

Proposal to extend time limits under Customs, Excise & Service Tax is under consideration: CBIC Time limit notified under the Customs, Central Excise and Finance Act 1994, which falls during period from 20.03.2020 to 29.06.2020 was extended to 30th September 2020. As the situation of Covid-19 continues to prevail, CBIC has received representations regarding extension […]

Shri Gangwar Introduces Three Labour Codes in Lok Sabha

September 21, 2020 876 Views 0 comment Print

Shri Santosh Gangwar today introduced three Labour Codes in the Lok Sabha heralding the path of game changing labour welfare reforms in the country. These bills are (i) Industrial Relations Code, 2020, (ii) Code on Occupational Safety, Health & Working Conditions Bill, 2020 (iii) Social Security Code, 2020. 

Borrowing of money to meet GST revenue shortfall

September 21, 2020 480 Views 0 comment Print

The shortfall arising out of GST implementation (calculated at Rs. 97,000 crores approximately) will be borrowed by States through issue of debt under a Special Window coordinated by the Ministry of Finance.

35,074 taxpayers opt for Vivad Se Vishwas Scheme

September 21, 2020 618 Views 0 comment Print

The total number of taxpayers who have opted for the Direct Tax Vivad Se Vishwas Act since its enactment is 35,074 through Form-1 (Declaration under the scheme) that have been submitted till 8th September, 2020.

Govt struck off 3,82,581 shell companies during last 3 years

September 21, 2020 540 Views 0 comment Print

3,82,581 number of Companies were struck off during the last three years. This was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs in a written reply to a question in Rajya Sabha today.

Govt Advisory to PSBs to moot action against personal guarantors of corporate debtors

September 21, 2020 390 Views 0 comment Print

Department of Financial Services had issued as advisory dated 26.8.2020 to Public Sector Banks that they may consider putting in place a mechanism for monitoring the cases which may require initiation of individual insolvency process before NCLT

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