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Print out of Final Bill of Entry– A Facilitation Measure During breakout of COVID-19

March 27, 2020 8985 Views 0 comment Print

As per the current practice, the importers or their representatives have to queue up before the CMC Service Centre, JNCH, to collect the print out of the out of charged Bills of Entry.

Regularization of Prior & Advance Bills of Entry through email Procedure

March 27, 2020 7278 Views 0 comment Print

Request For Regularization of Prior & Advance Bills Of Entry through E- Mail Procedure – A Facilitation Measure During outbreak of COVID-19-regarding

Request for Waiver of Late Fee Charges in Bills of Entry via e-mail

March 27, 2020 5664 Views 0 comment Print

Request for Amendments and Waiver of Late Fee Charges in the Bills of Entry through e-mail procedure as facilitation during outbreak of COVID-19-reg

Practice of assessment of Petroleum products under Chapter 27- Review thereof

March 27, 2020 2736 Views 0 comment Print

Assessment practice  and testing guidelines and clearance thereof against valid Test Report of DYCC/designated laboratories for certain categories of importers was laid down for Petroleum products falling under CTH 27101960 (Base Oil) & 27101990 (Other).

Special clearing for collection of government cheques on March 31 2020

March 27, 2020 948 Views 0 comment Print

Special clearing will be conducted for collection of government cheques on March 31, 2020 for which DPSS, RBI will issue necessary instructions.

Transaction in Non-deliverable derivative contracts

March 27, 2020 2919 Views 0 comment Print

Non-deliverable derivative contract (NDDC) means a foreign exchange derivative contract involving the Rupee, entered into with a person not resident in India and which is settled without involving delivery of Rupee.

President Assents Finance Act, 2020

March 27, 2020 66132 Views 0 comment Print

President Assents Finance Act, 2020 on 27th March 2020.  Finance bill 2020 was presented in Lok Sabha on 01.11.2020 and get passed in Lok Sabha on 23.03.2020.  After passing of bill from Lok Sabha the bill was presented in the Rajya Sabha on the same day, which returned the same without consideration, which effectively means […]

Premium Rates for Motor Third Party Liability Insurance Cover 

March 27, 2020 1416 Views 0 comment Print

It is hereby notified that by virtue of powers vested in the Authority under Section 14 (2) (i) of IRDA Act, 1999, the IRDAI hereby extends the validity of premium rates set out in the aforementioned Order beyond 31st March, 2020, until further notice.

Legal Entity Identifier: Extension of deadline to 30.09.2020

March 27, 2020 2292 Views 0 comment Print

In the context of the difficulties arising from the outbreak of novel coronavirus disease (COVID-19), and with a view to enabling smoother implementation of the LEI system in non-derivative markets, the timeline for implementation (Phase III) is extended

Basel III Capital Regulations – Review of transitional arrangements

March 27, 2020 843 Views 0 comment Print

As announced in para 9 of the Statement on Developmental and Regulatory Policies issued along with the Seventh Bi-monthly Monetary Policy Statement 2019-20, the implementation of the last tranche of 0.625% of Capital Conservation Buffer (CCB) shall stand deferred from March 31, 2020 to September 30, 2020.

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