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Govt amends Export Policy of Hydroxychloroquine

April 4, 2020 627 Views 0 comment Print

The export of Hydroxychloroquine and formulations made from Hydroxychloroquine falling under any ITCHS Code, including the ITCHS Codes mentioned in the Notification No. 54 dated 25.3.2020 is no longer allowed from SEZA/E0Us or against Advance Authorisation or under the Para 1.05(b) of Foreign Trade Policy 2015-20 or against full advance payment as specified in Para […]

DGFT Amends Export Policy of Diagnostic Kits

April 4, 2020 1119 Views 0 comment Print

The export of Diagnostic Kits [Diagnostic or laboratory reagents on a backing, preparation diagnostic or laboratory reagents whether or not on a backing, other than those of heading 3002 or 3006; certified reference materials] falling under any ITCHS Code, including the ITCHS Code mentioned above, is restricted, with immediate effect. Government of India Ministry of […]

Exemption to continuous process industries from closure-COVID-19 

April 3, 2020 7671 Views 0 comment Print

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.

Govt relaxes renewal of health / motor vehicle insurance policies installments

April 1, 2020 1587 Views 0 comment Print

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, specify in this behalf;

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

March 31, 2020 70965 Views 0 comment Print

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 31.03.2020 TEXT OF THE Taxation […]

Extension of Foreign Trade Policy 2015-2020 till 31.03.2021

March 31, 2020 7536 Views 0 comment Print

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 and EPCG Authorizations for import purposes. […]

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

March 31, 2020 900 Views 0 comment Print

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.

Import policy of Iron & Steel relaxed

March 31, 2020 1179 Views 0 comment Print

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. MINISTRY OF COMMERCE […]

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

March 31, 2020 1065 Views 0 comment Print

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.

PML (Maintenance of Records) Amendment Rules, 2020

March 31, 2020 8235 Views 0 comment Print

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 exercise of the powers conferred by […]

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