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Anti dumping duty on imports of Polytetrafluoroethylene (PTFE) Products

April 26, 2021 9426 Views 0 comment Print

Seeks to levy anti dumping duty on imports of Polytetrafluoroethylene (PTFE) Products originating in or exported from China PR, to prevent the circumvention of anti dumping duty levied on Polytetrafluoroethylene (PTFE) originating in or exported from China PR vide notification No. 36/2017-Customs(ADD) dated 28 July, 2017. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) […]

Appeal filed late cannot be dismissed without allowing opportunity to file condonation request

April 26, 2021 2079 Views 0 comment Print

Explore the case of Hari Babu vs Commissioner of Customs (CESTAT Chennai). Section 128 of Customs Act, 1962, time-bar appeal, analysis, and remand order detailed.

Tripura VAT: No penalty for not getting accounts audited as audit report format was not notified

April 26, 2021 573 Views 0 comment Print

Pankaj Behari Saha Vs State of Tripura (Tripura High Court) Analysis of Section 53 of the TVAT Act would show that as per sub-section (1) thereof, for a dealer whose turnover crosses the prescribed threshold limit for any year, has to get his accounts audited within six months from the end of that year and […]

IFSCA circular on Computation of Regulatory Capital

April 26, 2021 567 Views 0 comment Print

This circular shall be adopted for computation of regulatory capital prescribed for an FC/FU as the case may be, registered under section 3 of IFSCA (Finance Company) Regulations, 2021 and intending to undertake the activities as mentioned in point 5 and point 6 of the Schedule therein, viz.;

IFSCA Fee structure for Finance Company/Unit

April 26, 2021 429 Views 0 comment Print

ISFCA fee structure for Finance Company/ Units is as follows: a) Application fee: $1000 for new entities (one time) b) Registration fee: $12,500 for new entities (one time) c) Annual fee: $12,500 for all registered Finance Company/Finance Unit (second year onwards)

Govt revises import policy of Melon Seeds to ‘Restricted’

April 26, 2021 3069 Views 0 comment Print

Import policy of Melon Seeds falling under HS Code 12077090 has been revised from ‘Free’ to ‘Restricted’ subject to the revised policy condition vide Notification No. 3/2015-2020 Dated: 26th April, 2021. MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) DIRECTORATE GENERAL OF FOREIGN TRADE New Delhi, the 26th April, 2021 Notification No. 3/2015-2020 Subject: Amendment […]

DGFT updates Address details of Bharat Chamber of Commerce

April 26, 2021 570 Views 0 comment Print

Address details of Bharat Chamber of Commerce under Appendix 2E of FTP, 2015-2020 is updated vide Public Notice No. 2/2015-2020 dated 26th April, 2021. MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) Public Notice No. 2/2015-2020 New Delhi, the 26th April, 2021 Subject:—Amendment in Appendix 2E (List of agencies to […]

Govt passes 5 (Quality Control) Amendment Order, 2020

April 26, 2021 1197 Views 0 comment Print

Ministry Of Chemicals And Fertilizers passed the following orders- ♦ Acrylonitrile (Quality Control) Amendment Order, 2020, ♦ Maleic Anhydride (Quality Control) Amendment Order, 2020 ♦ Methyl Acrylate , Ethyl acrylate, n- butyl Acrylate (Quality Control) Amendment Order, 2020 ♦ Styrene (Vinyl Benzene) (Quality Control) Amendment Order, 2020 ♦ Vinyl Acetate Monomer (Quality Control) Amendment Order, […]

No confiscation of goods if import is not contrary to any prohibition imposed under Custom Act

April 26, 2021 1323 Views 0 comment Print

Explore the legal battle between Baby Marine Seafood Retail Pvt. Ltd. and C.C, Cochin (CESTAT Bangalore) over seafood import. Understand the intricacies of compliance with Indian food safety standards, lab analyses, and the contested Section 111(d) of the Customs Act.

ICSI gives Temporary Relaxation in Training Guidelines

April 24, 2021 1425 Views 0 comment Print

Temporary Relaxation in the Training Guidelines for conducting all types of training programme through online mode instead of physical batches (classroom mode) due to persistent rise of COVID 19 cases in India.

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