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Govt permits 75% non-refundable advance from PF account

March 27, 2020 3552 Views 2 comments Print

Government, permit a non-refundable advance from the provident fund account of such member not exceeding the basic wages and dearness allowances of that member for three months or up to seventy-five per cent. of the amount standing to his credit in the Fund, whichever is less.

CBIC deepen tariff concessions under India-Japan CEPA

March 25, 2020 12969 Views 0 comment Print

CBIC further amends notification No. 69/2011-Customs to deepen the tariff concessions under the India-Japan CEPA vide Notification No. 17/2020–Customs dated 25th March, 2020. Also Read- Corrigendum to Notification No. 17/2020-Customs, dated 25.03.2020 Effect of above Corrigendum is given in below notification in red colure. MINISTRY OF FINANCE (Department of Revenue) Notification No. 17/2020–Customs New Delhi, […]

Govt prohibits export of Hydroxychloroquine and formulations

March 25, 2020 516 Views 0 comment Print

The export of Hydroxychloroquine and formulations made from Hydroxychloroquine falling under any ITCHS Code, including the ITCHS Codes mentioned above, is prohibited, with immediate effect.

Govt prohibits export of all Sanitizers

March 24, 2020 1509 Views 0 comment Print

The export of all Sanitizers falling under any ITCHS Code, including the ITCHS Codes mentioned above, is prohibited, with immediate effect.

Exemption from IGST & compensation cess to EOUs on imports till 31.03.2021

March 24, 2020 3453 Views 0 comment Print

Amendment to Notification No.52/2003-Customs dated 31.03.2003 for extending exemption from IGST and compensation cess to EOUs on imports till 31.03.2021.  Notification No. 16/2020-Customs Dated 24th March, 2020 GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 16/2020-Customs New Delhi, the 24th March, 2020 G.S.R. 213 (E).— […]

Draft IBBI (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2020

March 24, 2020 723 Views 0 comment Print

(1) These regulations may be called the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2020. They shall come into force on the date of their publication in the Official Gazette.

Threshold limit for initiation of insolvency proceedings raised to Rs. 1 crore

March 24, 2020 8799 Views 1 comment Print

MCA Amends Section 4 of Insolvency and Bankruptcy Code, 2016 – Threshold of default under Section 4, IBC for initiation of insolvency proceedings raised to Rs 1 crore Overview : MINISTRY OF CORPORATE AFFAIRS (MCA) vide notification No.  S.O. 1205(E) dated 24th March 2020, has amended section 4 of the Insolvency and Bankruptcy Code, 2016 […]

Pesticide Management Bill, 2020 introduced in Rajya Sabha

March 23, 2020 2184 Views 0 comment Print

(1) This Act may be called the Pesticide Management Act, 2020. (2) It shall come into force on such date as the Central Government may, by notification, appoint:

Download Finance Bill 2020 as passed by Lok Sabha

March 23, 2020 11001 Views 1 comment Print

Lok Sabha passed the Finance Bill 2020 on 23rd March 2020 without discussing the Various Changes Proposed subsequent to Introduction of Finance Bill 2020 in Lok Sabha on 1st February 2020. Also Read-List of Amendments in Finance Bill as passed by Lok Sabha AS PASSED BY LOK SABHA ON 23.03.2020 Bill No. 26-C of 2020 […]

Govt notifies Mask, Hand sanitizers, Fabric for Mask under Essential Commodities Act

March 21, 2020 2766 Views 0 comment Print

(1) The retail prices of Melt Blown non-Woven Fabric used in manufacturing masks (2ply & 3ply), shall not be more than the prices prevailing on the day one month prior to 13.03.2020 i.e. the prices prevailing on 12.02.2020. (2) The retail prices of masks (3ply surgical mask), shall not be more than the prices prevailing […]

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