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Exemption to continuous process industries from closure-COVID-19 

No. Cl 06 SPI 2020 (03/04/2020)

The Govt. of Karnataka in its order referred at (1) above has exempted certain category of industries to carry on their manufacturing activities keeping in view the importance of maintaining supply chain of essential commodities during lock down....

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Change in VAT rate on petrol & diesel in Maharashtra WEF 01.04.2020

No VAT-1520/CR-34/Taxation-1 and No VAT-1520/CR-35/Taxation-1 (30/03/2020)

VAT (Value added tax) on petrol and diesel increased by Re 1 per litre in Maharashtra with effect from the 1st April 2020. In other words, this means petrol and diesel in Maharashtra become costlier by Re 1. FINANCE DEPARTMENT Madam Cama Marg, Hutatma Rajguru Chowk, Mantralaya, Mumbai 400 032, dated 30th March 2020. NOTIFICATION […...

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Govt relaxes renewal of health / motor vehicle insurance policies installments

Notification No. G.S.R. 229(E), S.O. 1237 (E), S.O. 1238(E) (01/04/2020)

Motor vehicle third party insurance policies. - In the case of renewal of motor vehicle third party insurance policies falling during the period of lockdown due to outbreak of COVID-19 pandemic, the risk may be assumed subject to the condition that the premium shall be paid within such time as the Central Government may, by notification, ...

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PML (Maintenance of Records) Amendment Rules, 2020

Notification No. G.S.R. 228(E). (31/03/2020)

Prevention of Money-laundering (Maintenance of Records) Amendment Rules, 2020- small account shall remain operational between 1st April, 2020 and 30th June 2020 and such other periods as may be notified by the Central Government. MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 31st March, 2020 G.S.R. 228(E).—In e...

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Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020

No. 2 OF 2020 (31/03/2020)

Govt notified Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 on 31st March 2020 to give effect to Various Direct/Indirect Tax and Statutory Compliance relaxation announced on  announced on 24th March 2020. Also Read- FM Press Release Dated 24.03.2020 FM Press Release Dated 26.03.2020 FM Press Release Dated 31....

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Extension of Foreign Trade Policy 2015-2020 till 31.03.2021

Notification No. 57/2015-2020-DGFT (31/03/2020)

Government Foreign Trade Policy 2015-2020 till 31.03.2021 vide Notification No. 57/2015-2020-DGFT Dated: 31st March, 2020. The existing Foreign Trade Policy 2015-2020 which is valid upto 31.3.2020 is extended upto 31.03.2021. Various other changes are also made extending the date of exemptions by one year and extending validity of DFIA an...

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Govt extends FTP 2015-2020 for one year with other relief measures

Release ID: 1609704 (31/03/2020)

Foreign Trade Policy 2015-2020 extended for one year; Other immediate relief measures also announced The Union Commerce and Industry Ministry today announced changes in the Foreign Trade Policy (FTP) of Government of India. The present Policy which came into force on 1st April, 2015, is for 5 years and has validity upto 31st March, 2020. ...

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Short Term Crop Loans eligible for Interest Subvention Scheme (ISS) and Prompt Repayment Incentive (PRI) through KCC

RBI/2019-20/202 FIDD.CO.FSD.BC.No.23/05.02.001/2019-20 (31/03/2020)

Banks may convert the existing Short Term Crop Loans including agriculture gold loans into KCC loans by June 30, 2020 with commensurate extension of Interest Subvention (IS) and Prompt Repayment Incentive (PRI) benefit against such accounts till June 30, 2020....

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Import policy of Iron & Steel relaxed

Notification No. 58/2015-2020 (31/03/2020)

Notification No. 58/2015-2020- Amendment in import policy of Iron & Steel and incorporation of policy condition in Chapter 72, 73 and 86 of ITC (HS), 2017, Schedule – I (Import Policy)- One-time relaxation is provided through extension of validity to 135 days of the automatic registration number generated under SIMS till 31.03.2020....

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Govt amends IDS 2017 for UT of J&K and Ladakh

F. No. 2(2)/2018-SPS (31/03/2020)

Industrial Development Scheme (IDS), 2017 for the Union Territory of Jammu and Kashmir, and the Union Territory of Ladakh- The Scheme will be effective from 15.06.2017 upto 31.03.2021, or upto such date as specified under any order issued in suppression of this order....

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