CBIC has decided to further extend the facility of accepting undertaking in lieu of bond for the period till 30.05.2020. Consequently, the date for submission of proper bond in lieu of which the undertaking is being temporarily accepted is extended till 15.06.2020.
From paper-less customs to people-less customs is an idea whose time has come and which we should commit to deliver by the year end. Member (Customs) has, vide his D.O. letter dated 8.5.2020, sought inputs of the department’s physical touch points with the trade. Zonal Chief Commissioners may take time out to give it a thought so that a comprehensive plan could be worked out to ensure that stake- holders do not have to travel to Custom Houses for clearance of goods in the normal course.
Initiation of Anti-dumping investigation concerning imports of Plain Medium Density Fibre Board having thickness 6 mm and above produced by M/s Kim Tin MDF Joint Stock Company, Vietnam.
Preliminary Findings of Bilateral Safeguard Investigation concerning imports of Phthalic Anhydride into India from Korea under India-Korea Comprehensive Economic Partnership Agreement (Bilateral Safeguard Measures) Rules, 2017
Union Ministry of Home Affairs (MHA), has issued detailed guidelines under the Disaster Management Act, 2005, on restarting manufacturing industries after the lockdown period.
No.A.11014/1/2020-I Government of India Department of Space Bengaluru- 560094. May 09, 2020 Sr. Head P&GA, ISRO Headquarters, Bengaluru Sir, Subject: Clarification on regularization of absence during COVID-19 lockdown period- reg. Please refer ISRO HQ Note/letter No. HQ:ADMN:COVID:20 dated 20.04.2020 seeking clarification with regard to regularization of absence during COVID-19 lockdown period imposed by the Government […]
As the lockdown has been further extended up to 17th May 2020, keeping in view the difficulty faced by some policyholders to renew the policies in time, the Authority has now allowed extended grace period up to 31st May 2020 for all policies where premium was due in the month of March 2020.
CBDT has decided that the implementation of new procedure for approval/ registration/notification of certain entities shall be deferred to 1st October, 2020. Accordingly, the entities approved/ registered/ notified under section 10(23C), 12AA, 35 and 80G of the Income-tax Act, 1961 (the Act) would be required to file intimation within three months from 1st October, 2020, i.e, by 31st December, 2020.
Sections 25 and 35 of the Insolvency and Bankruptcy Code, 2016 (Code) enumerate the duties of a Resolution Professional (RP) and a Liquidator, respectively. These duties include certain actions in respect of avoidance transactions (preferential transactions, undervalued transactions, extortionate transactions, and fraudulent trading).
Termination of Anti-Circumvention investigation concerning alleged circumvention of anti-dumping duty imposed on the imports of Polytetrafluoroethylene (PTFE) originating in or exported from Russia by imports of Polytetrafluoroethylene (PTFE) exported from Korea RP.
