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Govt Exempts Duty & Cess on Covid 19 Test Kits, Masks, PPE, Ventillators

April 9, 2020 3138 Views 0 comment Print

Government Grants exemption from Basic Custom duty & Health Cess on import of Ventilators , PPE, COVID Test Kits & Face & Surgical Masks In the context of Covid-19 situation, considering the immediate requirement of ventilators and other items,the Central Government has granted exemption from Basic Customs Duty and Health cess, on the import of […]

Notification No. 8/2020-Customs amended to make changes consequential to enactment of FA 2020

April 9, 2020 3597 Views 0 comment Print

Seeks to amend notification No. 8/2020-Customs dated 02.02.2020 to make changes consequential to enactment of Finance Act, 2020. MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION No. 19/2020–Customs New Delhi, the 9th April, 2020 G.S.R. 246(E).—In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) read […]

SEBI (Foreign Portfolio Investors) (Amendment) Regulations, 2020

April 7, 2020 2610 Views 0 comment Print

(1) These regulations may be called the Securities and Exchange Board of India (Foreign Portfolio Investors) (Amendment) Regulations, 2020. (2) They shall come into force on the date of their publication in the Official Gazette.

Govt reduces Salary of Members of Parliament by 30% for one year

April 7, 2020 612 Views 0 comment Print

Salary payable to Members of Parliament under shall be reduced by thirty per cent for a period of one year commencing from the 1st April, 2020, to meet the exigencies arising out of Corona Virus (COVID-19) pandemic.

DGFT removed restrictions on export of 12 APIs and 12 formulations

April 6, 2020 1233 Views 0 comment Print

Foreign Trade Policy, 2015-20, the Central Government hereby makes following amendment in the chapter 29 and 30 of the Schedule 2 of the ITCHS Export Policy amending the Notification No. 50/2015-20 dated 03.03.2020 related to export Policy of APIs and formulations made from these APIs:

Govt amends Export Policy of Hydroxychloroquine

April 4, 2020 648 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 1140 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 7716 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 1677 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 71793 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 […]

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