As per the SEZ Rules, the restriction on exports does not apply to SEZs. It is, therefore, clarified that the exports of restricted APIs and Formulations made from these APIs is allowed from SEZ Units.
Institution and/or continuation of proceedings under Foreign Trade (Development & Regulations) Act, 1992 and Rules thereunder against companies/firms against whom proceedings have been instituted in the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code, 2016. Government of India Ministry of Commerce and Industry Directorate General of Foreign Trade Udyog Bhawan, New Delhi-110011 […]
Relaxation from compliance with certain provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 due to the CoVID -19 virus pandemic
As you are aware, several cases of monetization of credit fraudulently obtained or ineligible credit through refund of Integrated Goods & Service Tax (IGST) on exports of goods have been detected in past few months. On verification, several such exporters were found to be non-existent in a number of cases. In all these cases it has been found that the Input Tax Credit (ITC) was taken by the exporters on the basis of fake invoices and IGST on exports was paid using such ITC.
Office of Commissioner of Profession Tax. Maharashtra State. 8th Floor. GST Bhavan, Mazgaon, Mumbai – 400010. TRADE CIRCULAR No: ACST/VAT-3/PT/Late-fee-waiver/_/2020/B-196, Mumbai. Dt: 19/03/2020 Trade Circular No. 04T of 2020 Sub: Exemption from payment of Late Fees u/s 6(3) of the Maharashtra State Tax on Professions, Trades, Callings and Employments Act 1975 Ref: I. Notification No. No […]
Housing loans eligible to be classified under priority sector lending (as updated from time to time) and housing loans to individuals for acquiring dwelling units within the prescribed threshold under the affordable housing definition in the HML.
In order to facilitate transactions / settlements, effective March 06, 2020, participants in the Asian Clearing Union will have the option to settle their transactions either in ACU Dollar or ACU Euro or in ACU Japanese Yen.
Payment Aggregators (PAs) and Payment Gateways (PGs) are intermediaries playing an important function in facilitating payments in the online space.
Beginning from April 1, 2020, the Nodal/Focal Point branches will segregate on a daily basis all scrolls/challans pertaining to March 2020 received from the receiving branches concerned and prepare separate main scrolls for: a. scrolls for transactions of March 2020 or earlier period (i.e. effected during the previous financial year 2019-20) and b. scrolls pertaining to current transactions (i.e. those effected from April 1, 2020 onwards).
SEBI Circular CIR/CFD/DIL/12/2013 dated October 23, 2013, specified the General Information Document (GID). However, the subsequent changes in laws, regulation and processes, necessitated changes in the GID.
