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Duty exemption on temporary imports of costumes & props for film-making

February 1, 2021 678 Views 0 comment Print

Budget 2021– Seeks to further amend notification No. 153/94-Customs dated 13th July, 1994 so as to include temporary imports of costumes and props for film-making, in the goods exempted by the said notification– Notification No. 8/2021-Customs Dated 1st February, 2021. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 08/2021-Customs New Delhi, the […]

Budget 2021: CBIC rescinds 3 Custom Duty Notifications

February 1, 2021 1125 Views 0 comment Print

Budget 2021– Seeks to rescind notification Nos. 1/2011-Customs, dated the 6th January, 2011, 34/2017-Customs, dated the 30th June, 2017 and 75/2017-Customs, dated the 13th September, 2017– Notification No. 7/2021-Customs Dated 1st February, 2021. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 07/2021-Customs New Delhi, the 1st February, 2021 G.S.R. 65(E).– In exercise […]

Health Cess Exemption on import of medical devices by international organizations & diplomatic missions

February 1, 2021 8538 Views 0 comment Print

Budget 2021- Seeks to further amend notification No. 08/2020-Customs dated 2nd February, 2020 so as to exempt the medical devices imported by international organizations and diplomatic missions, from the levy of Health Cess – Notification No. 6/2021-Customs Dated 1st February, 2021. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 06/2021–Customs New Delhi, […]

Custom Notification amended to clarify scope of exemption

February 1, 2021 1362 Views 0 comment Print

Budget 2021- Seeks to further amend notification No. 24/2005-Customs dated 1st March, 2005 so as to clarify the scope of exemption under entry at S. No. 13S of the said notification- Notification No. 5/2021-Customs Dated 1st February, 2021. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 05/2021– Customs New Delhi, the 1st […]

CBIC withdraw BCD exemption on specified parts of transformers

February 1, 2021 1140 Views 0 comment Print

Budget 2021- Seeks to further amend notification No. 25/99-Customs dated 28th February, 1999 so as to withdraw BCD exemption on the specified parts of transformers- Notification No. 4/2021-Customs Dated 1st February, 2021. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 04/2021-Customs New Delhi, the 1st February, 2021 G.S.R.62(E). – In exercise of […]

CBIC prescribes effective BCD rate on IT/Electronics items

February 1, 2021 2022 Views 0 comment Print

Budget 2021- Seeks to further amend notification No. 57/2017-Customs dated 30th June, 2017 so as to prescribe effective BCD rate on IT/Electronics items- Notification No. 3/2021-Customs Dated 1st February, 2021. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 03/2021 – Customs New Delhi, the 1st February, 2021 G.S.R.61(E). – In exercise of […]

Budget 2021- CBIC prescribes effective rate of Basic Customs Duty

February 1, 2021 10320 Views 0 comment Print

Budget 2021- Seeks to further amend notification No. 50/2017-Customs dated 30th June, 2017 so as to prescribe effective rate of Basic Customs Duty (BCD). Notification No. 2/2021-Customs Dated 1st February, 2021. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 2/2021-Customs New Delhi, the 1st February, 2021 G.S.R.60(E).- In exercise of the powers […]

Fast track mergers extended to Starts ups & other small companies

February 1, 2021 6657 Views 0 comment Print

(1) These rules may be called the Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2021. (2) They shall come into force on the date of their publication in the Official Gazette.

MCA revises threshold for paid up capital and turnover for Small Companies

February 1, 2021 11523 Views 0 comment Print

For the purposes of sub-clause (i) and sub-clause (ii) of clause (85) of section 2 of the Act, paid up capital and turnover of the small company shall not exceed rupees two crores and rupees twenty crores respectively.

MCA amends One Person Companies (OPCs) rules

February 1, 2021 10131 Views 0 comment Print

MCA amends One Person Companies (OPCs) rules vide Companies (Incorporation) Second Amendment Rules, 2021 MCA amends rules 6 related to One Person Company to Convert Itself into a Public Company or a Private Company in Certain Cases and Rule 7 related to Conversion of private company into One Person Company. vide Companies (Incorporation) Second Amendment […]

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