CBDT issues important directives on Safe Harbour Rules

Notification No. 25/2020-Income Tax/G.S.R. 304(E) (20/05/2020)

The CBDT has issued Notification No. 25 of 2020 dated 20 May 2020, wherein it has notified the year of applicability of the ‘Safe Harbour Rules for International Transactions’ (SHR) for Assessment Year (AY) 2020-21, as the existing rules were applicable only up to AY 2019-20. The said notification are applicable from 1 April 2...

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ESI Rules Amended To Allow Maternity Benefits For Commissioning & Adoptive Mother

Notification No. N-12/13/1/2016-P&D (20/05/2020)

ESIC has issued a notification by which it notified Employees’ State Insurance (General) (First) Amendment Regulations, 2020 and inserted Regulation 87A : Notice of Commissioning Mother, Regulation 88A: Declaration by Insured Women of her surviving child or children, Regulation 89C : Claim for Maternity Benefit by Commissioning Mother,Â...

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Employees’ State Insurance (General) (Second) Amendment Regulations, 2020

Notification No. N-12/13/01-2019-P&D (20/05/2020)

Employees’ State Insurance (General) (Second) Amendment Regulations, 2020 A member of local committee shall cease to be a member of the committee if he fails to attend three consecutive meetings thereof provided that his membership may be restored by the Regional Director, on being satisfied as to the unavoidable nature of the circumsta...

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Lower EPF rates applicable on salary for May, June & July 2020

Notification No. S.O. 1513(E) (18/05/2020)

Lower rate of EPF subscription 10% with EPFO notified placing higher liquidity in the hands of employees and employers during COVID -19 pandemic. Government Sector, their PSEs and establishment whose subscription is being borne by Union Government under PMGKY continue to have subscription at old rates of 12%. Lower rates to be applicable ...

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No penalty for delayed deposit of EPF dues during lockdown

No. C-1/Misc./2020-21/Vol.I/112 (15/05/2020)

Considering the difficulty faced by the establishments in timely deposit of contributions or administrative charges due for any period during lockdown, the EPFO has decided that such delays due to operational or economic reasons shall not be treated as default and penal damages should not be levied for such delay....

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Amendment in Export Policy of Masks

Notification No. 06/2015-2020-DGFT / S.O.1509 (E) (16/05/2020)

Notification No. 44 dated 31.01.2020 read with Notification No. 52 dated 19.03.2020, prohibiting the export of all types of masks, is amended to allow the export of non-medical/non-surgical masks of all types (cotton, silk, wool, knitted). All other types of masks falling under any ITCHS code, including the HS Codes mentioned above, would...

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Anti-Dumping Investigation Concerning Imports of Digital Offset Printing Plates

Notification No. F. No. 6/7/2019-DGTR (15/05/2020)

FINAL FINDING - (OI CASE No: 06/2019) - Anti-dumping investigation concerning imports of Digital Offset Printing Plates originating in or exported from China PR, Japan, Korea RP, Taiwan and Vietnam....

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PFRDA (Pension Fund) (Third Amendment) Regulations, 2020

No. PFRDA/12/RGL/139/9 (14/05/2020)

These regulations may be called the Pension Fund Regulatory and Development Authority (Pension Fund) (Third Amendment) Regulations, 2020. ...

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CBIC extends validity of Export Performance Certificates

Notification No. 23/2020-Customs/G.S.R.296(E). (14/05/2020)

CBIC Seeks to further amend Customs Notification No. 50/2017-Customs dated 30.06.2017 so as to extend the period of validity of existing Export Performance Certificates for FY 2019-20 up to 30.09.2020- Notification No. 23/2020-Customs Dated- 14th May, 2020. Government of India Ministry of Finance (Department of Revenue) Notification No. 2...

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Amendment in import policy conditions of Silver

Notification No. 05/2015-2020/S.O. 1460(E) (13/05/2020)

Import of Silver under Advance Authorisation and supply of silver directly by foreign buyers to exporters under Para 4.45 of FTP against export orders are exempted....

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