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Notifications/Circulars

RBI extends timeline for compliance with various payment system requirements

June 4, 2020 1314 Views 0 comment Print

Keeping in view the present COVID 19 situation RBI extends the timeline for compliance in respect of a few areas under Section 10(2) read with Section 18 of Payment and Settlement Systems Act, 2007.

Govt imposes anti-dumping duty on Electronic Calculators

June 3, 2020 2952 Views 0 comment Print

Notification No. 12/2020–Customs (ADD)– Seeks to impose anti-dumping duty on ‘Electronic Calculators of all types [excluding calculators with attached printers, commonly referred to as printing calculators, calculators with ability to plot charts and graphs, commonly referred to as graphing calculators and programmable calculators originating in, or exported from Malaysia’. MINISTRY OF FINANCE (Department of Revenue) […]

Govt extends anti-dumping duty on ‘Hot Rolled Flat Products of Stainless Steel of ASTM Grade 304

June 3, 2020 795 Views 0 comment Print

Notification No. 11/2020 -Customs (ADD)- Seeks to amend No. 28/2015-Customs (ADD), dated the 5th June, 2015 so as to extend anti-dumping duty on ‘Hot Rolled Flat Products of Stainless Steel of ASTM Grade 304 with all its variants as per the detailed description hereunder’ originating in or exported from People’s Republic of China, Malaysia and […]

Exports not to be counted in turnover for MSME classification

June 3, 2020 11319 Views 0 comment Print

Ministry of MSME gears up to implement the New Norms of classification of MSMEs As stated earlier, the upper ceiling for classification of MSMEs now has been raised New definition and criterion notified; will come into effect from 1st July, 2020. As part of new definition, Exports will not be counted in turnover for any enterprises whether micro, small or medium.

Master circular for Third Party Administrators (TPAs)

June 3, 2020 6960 Views 0 comment Print

Insurance Regulatory and Development Authority of India MASTER CIRCULAR Master Circular as per the provisions of IRDAI (Third Party Administrators — Health Services) Regulations, 2016 and subsequent amendments thereof, applicable to all applicant TPAs, registered TPAs and insurers carrying out health insurance business. Circular Reference No. IRDAI/TPA/REG/CIR/130/06/2020, dated 03.06.2020 Issued on: 03.06.2020 INDEX Sr. No […]

Extension of validity of AEO certification for easing renewal process

June 2, 2020 1395 Views 0 comment Print

CBIC extends validity of all the AEO certificates expired/expiring between 01.03.2020 and 31.05.2020 to 30.06.2020, except for those entities against which a negative report is received during this period.

Draft Unmanned Aircraft System Rules, 2020

June 2, 2020 1755 Views 0 comment Print

(1) These rules may be called the Unmanned Aircraft System (UAS) Rules, 2020. (2) They extend to the whole of India and shall apply also (unless the contrary intention appears) – (a) to UAS registered in India, wherever they may be; or (b) to a person owning or possessing or engaged in importing, manufacturing, trading, leasing, operating, transferring or maintaining a UAS in India; or (c) to all UAS for the time being in or over India;

Corrigendum to MVAT Trade Circular 09T of 2020 Dt 26.05.2020

June 2, 2020 7632 Views 0 comment Print

Office of the Commissioner of State Tax Maharashtra State, 8th Floor, GST Bhavan, Mazgaon, Mumbai-400 010. CORRIGENDUM No. JC (HQ)-1/GST/2020/Appeal/ADM-8 dated 2nd June 2020. Corrigendum to Trade Circular No. 9T of 2020. To, Subject: Corrigendum to Trade Circular 09T of 2020 Dt 26th May 2020. Ref: (1) This office Trade Circular 09T of 2020 Dt […]

Govt temporarily reduce import duty on Lentils (Mosur) till 31.08.2020

June 2, 2020 873 Views 0 comment Print

Seeks to further amend notification No. 50/2017-Cus dated 30.06.2017 so as to temporarily reduce the import duty on Lentils (Mosur) till 31st Aug 2020 vide Notification No. 26/2020-Customs Dated 2nd June, 2020 MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 2nd June, 2020 Notification No. 26/2020-Customs G.S.R. 341(E).—In exercise of the powers conferred […]

IBBI suspends registration of IP for 3 Month for negligence during CIRP

June 2, 2020 1458 Views 0 comment Print

During the personal e-hearing, IP submitted that the errors committed by him during CIRP were bonafide mistakes and not intentional. DC observes that IP displayed a negligent approach during the conduct of CIRP

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