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Guidance on Filing Announcements: SEBI LODR Amendments 2023

July 14, 2023 1875 Views 0 comment Print

Stay updated on the SEBI LODR amendments 2023. Get guidance on filing announcements through BSE listing center and NSE Electronic Application Processing System (NEAPS) platform. Ensure timely and transparent disclosure of material events by listed entities.

Exemption of RRBs from certain provisions of Competition Act

July 14, 2023 615 Views 0 comment Print

Ministry of Corporate Affairs has issued a notification granting Regional Rural Banks (RRBs) exemption from certain provisions of Competition Act for a period of five years. Learn more about this exemption and its implications for RRBs in India.

Increase in SAED on Petroleum Crude Production: Rs. 1,600/tonne from July 15, 2023

July 14, 2023 510 Views 0 comment Print

Ministry of Finance has raised the Special Additional Excise Duty (SAED) on the production of Petroleum Crude and export of Aviation Turbine Fuel. The new rate of Rs. 1,600 per tonne will be effective from July 15, 2023.

Insulated Flask, Bottles and Containers for Domestic Use (Quality Control) Order, 2023

July 14, 2023 762 Views 0 comment Print

Read about the Insulated Flask, Bottles, and Containers (Quality Control) Order, 2023 issued by the Ministry of Commerce and Industry. The order mandates the compulsory use of standard marks for specified goods, with exemptions for certain enterprises. The Bureau of Indian Standards is designated as the certifying and enforcing authority.

Updated Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold & Silver – Notification 53/2023

July 14, 2023 798 Views 0 comment Print

Stay informed about the latest amendments in the tariff values of edible oils, brass scrap, areca nut, gold, and silver. Read Notification 53/2023 by the Ministry of Finance, Government of India, and understand the revised values for customs duties. Effective from July 15, 2023.

Re-import of goods/equipment – CAAR explains applicability of Notification No. 45/2017-Cus.

July 13, 2023 4206 Views 0 comment Print

Re-import of goods/equipment from a Special Economic Zone (SEZ)/Free Trade Warehousing Zone (FTWZ) to Domestic Tariff Area (DTA) is the proposed activity as stated in the application and the applicant vide the aforesaid application has sought ruling on the question of applicability of serial number 5 of Notification No. 45/2017- Cus. dated 30.06.2017 for such re-import of goods/equipment from a SEZ/FTWZ to DTA.

IBBI Cancels Registration of Insolvency Professional for Violation of IBC

July 13, 2023 648 Views 0 comment Print

Reviewing the disciplinary order by IBBI, which led to the cancellation of registration of Mr. Ananda Rao Korada, an Insolvency Professional, for his violations of the Insolvency and Bankruptcy Code, 2016.

CAAR explains Custom duty exemption on Good exported & subsequently re-imported

July 13, 2023 741 Views 0 comment Print

Intent of Notification No. 45/2017-Cus. is that goods sent from India earlier and subsequently re-imported as such should not suffer any Customs duty; in case the exporter had availed any incentive at the time of sending this equipment out of India, the same may need to be surrendered on re-import of the said equipment;

Custom duty on Re-import of goods/equipment from a SEZ/FTWZ to DTA for mining or support services

July 13, 2023 2691 Views 0 comment Print

Explore BJ Services Company Middle East Ltd’s Customs Act ruling under section 28-H. Learn about re-import of goods, SEZ/FTWZ transactions, and exemption eligibility.

Spurious Products & Consumer Fraud not within Ambit of Competition Law: CCI

July 13, 2023 450 Views 0 comment Print

Detailed breakdown and analysis of the Competition Commission of India’s ruling on consumer fraud and counterfeit products in the Sanjay Kumar Vs Karagiri Studio case.

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