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Notifications/Circulars

Temporary provision for filing IGM/EGM without submission of hard copy

April 7, 2020 840 Views 0 comment Print

Representations have been received form Shipping Lines/Consol Agents that during the present COVID19 situation, as a temporary measure the practice of submission of hard copy of IGM/EGM to the import noting section be not insisted to minimize human interaction.

Clarification on Permitted Activities during Lockdown in Private Sector

April 7, 2020 1158 Views 0 comment Print

Clarification Regarding List of Permitted Activities during Lockdown in the Private Sector. The category of various permitted activities during Lockdown was stated in the Order dated 26th March, 2020. More such activities were included vide Order dated 4th April, 2020.

SEBI (Foreign Portfolio Investors) (Amendment) Regulations, 2020

April 7, 2020 2928 Views 0 comment Print

(1) These regulations may be called the Securities and Exchange Board of India (Foreign Portfolio Investors) (Amendment) Regulations, 2020. (2) They shall come into force on the date of their publication in the Official Gazette.

Filling & Issuance of Preferential CoO for India’s Exports-Reg.

April 7, 2020 2988 Views 0 comment Print

Electronic filling and Issuance of Preferential Certificate of Origin for India’s Exports under various FTAs/PTAs w.e.f. 07th April 2020

Risk Management and Inter-bank Dealings – Hedging of foreign exchange risk

April 7, 2020 5985 Views 0 comment Print

i. Domestic non-retail corporates having an INR liability may, at their discretion, convert it into a foreign currency liability through a currency swap. ii. For derivative contracts involving INR, Authorised Dealers shall allow a user to book derivative contracts up to USD 10 million equivalent of notional value (outstanding at any point in time) without the need to establish the existence of underlying exposure.

One-time condonation under EPCG Scheme-Extension till 31.03.2021

April 7, 2020 6135 Views 0 comment Print

The time period to receive requests in RAs for block-wise extension; extension in Export Obligation Period and submission of installation certificate is further extended up to 31.03.2021.

Govt reduces Salary of Members of Parliament by 30% for one year

April 7, 2020 747 Views 0 comment Print

Salary payable to Members of Parliament under shall be reduced by thirty per cent for a period of one year commencing from the 1st April, 2020, to meet the exigencies arising out of Corona Virus (COVID-19) pandemic.

DGFT removed restrictions on export of 12 APIs and 12 formulations

April 6, 2020 1362 Views 0 comment Print

Foreign Trade Policy, 2015-20, the Central Government hereby makes following amendment in the chapter 29 and 30 of the Schedule 2 of the ITCHS Export Policy amending the Notification No. 50/2015-20 dated 03.03.2020 related to export Policy of APIs and formulations made from these APIs:

Reg. Retrospective Issuance of Certificates of Origin under India’s Trade Agreements

April 6, 2020 11994 Views 2 comments Print

Government of India Ministry of Commerce & industry Department of Commerce Directorate General of Foreign Trade Dated 6th April, 2020. TRADE NOTICE NO 62/2019-2020 To 1. Regional Authorities of DGFT 2. Customs Commissionerates 3. Members of Trade and Industry 4. Joint Secretary (Customs), CBIC 5. Ministry of Trade and Commerce/ other administrative ministries of trading […]

Anti-Dumping Investigation of imports of Mono Ethylene Glycol from Saudi Arabia terminated

April 6, 2020 753 Views 0 comment Print

It is clarified that as the domestic industry has requested for termination of the investigation only in respect of imports of ‘Mono Ethylene Glycol (MEG or Ethylene Glycol)’ from Saudi Arabia, the investigation shall continue against the imports of subject goods originating in or exported from Kuwait, Oman, UAE and Singapore in accordance with the public notice issued on 9th December 2019.

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