DGFT issued a public notice, Public Notice No. 19/2023-DGFT, announcing amendments to Category 5B of the Appendix 3 (SCOMET List) of the Handbook of Procedures 2023. The amendments introduce a new procedure for granting General Authorization for Export of Drones (GAED) for unmanned aerial vehicles, including drones and remotely piloted air vehicles. This notice outlines the policy, eligibility criteria, application process, and post-shipment requirements for exporters. Read more for a detailed analysis of the amendments and their implications.
DGFT has issued a public notice announcing an amendment to Appendix 2T of the Foreign Trade Policy (FTP) 2023. The amendment includes the addition of the Export Promotion Council for Medical Devices in the list of export promotion councils/commodity boards. This update enables the council to issue Registration-Cum-Membership Certificates (RCMC) for various medical devices and related products.
Read the interpretative letter issued by the Securities and Exchange Board of India (SEBI) in response to Vidli Restaurants Limited’s request for informal guidance on Regulation 10 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The letter discusses the proposed transaction involving the transfer of shares and voting rights within the promoter group and provides clarification on open offer obligations and exemptions.
DGFT issued a policy circular outlining the procedure for applying for the Amnesty scheme for a one-time settlement of default in export obligation by Advance and EPCG authorization holders. In case of difficulties faced with the online application, exporters can now utilize a standalone website to submit their applications in manual mode. This circular provides detailed instructions for filing the application and processing it through the Regional Authorities.
The amendments brought about by Notification No. 45/2023 – Income-Tax (Income-tax (Eleventh Amendment) Rules, 2023) encompass multiple provisions and rules within the Income-tax Act, 1961. The notification details changes to rule 2C, rule 11AA and rule 17A of Income-tax Rules, 1962, under different sections such as section 10, section 12A, section 80G, and more. Notification […]
Ministry of Finance, Department of Revenue, has issued Notification No. 44/2023, approving ‘University of Patanjali’ for conducting research in Social Science or Statistical Research under section 35 of the Income Tax Act.
“Get updated on the recent trade notice by DGFT for the EOP extension and EODC issuance process for Annual Advance Authorisation cases. Discover how the new processes aim to simplify and digitalize procedures.
CBIC issued Notification No. 46/2023 – Customs (N.T.) amending exchange rate for Turkish Lira in Customs Act. This amendment will come into effect from 24th June 2023.
ead the latest notification from the Bar Council of India regarding the rules and code of conduct for the elections of State Bar Council and Bar Council of India. Learn about the qualifications, disqualifications, and procedures involved in the elections. Stay informed and ensure fair and transparent elections.
Read the IFSCA circular providing guidelines for fair and equitable co-location services offered by Stock Exchanges in the International Financial Services Centre (IFSC). Learn about the requirements, connectivity options, disclosure of information, integrity, security, latency measurement, and introduction of managed co-location services.
