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

July 14, 2023 1140 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 1056 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 6405 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 990 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 1452 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 3354 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 729 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.

NCLT approves resolution plan of Malar Energy & Infrastructure Private Limited

July 13, 2023 768 Views 0 comment Print

Explore the resolution process of Malar Energy & Infrastructure Private Limited. Learn about the challenges, COC meetings, and the approved resolution plan’s impact.

Taxability of Income from Off-Shore Investments: Income Tax Circular

July 12, 2023 2781 Views 1 comment Print

Read the clarifications regarding the taxability of income earned by non-resident investors from off-shore investments in investment funds routed through an Alternative Investment Fund (AIF). Learn about the amendments and regulations applicable to Category I or Category II AIFs in India.

DPIIT notifies Quality Control Orders for Potable Water Bottles & Flame-Producing Lighters

July 12, 2023 1086 Views 0 comment Print

DPIIT has issued two Quality Control Orders (QCOs) for Potable Water Bottles and Flame-Producing Lighters. These QCOs aim to enhance public health and safety by strengthening the quality ecosystem in India. Learn more about the implications and requirements of these QCOs.

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