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Import policy of Urad & Moong in split & others forms amended

May 4, 2018 1086 Views 0 comment Print

Import policy of urad and moong in split & others forms under EXIM Codes: 0713 90 10 and 0713 90 90 are also restricted in addition to urad and moong under HS: 0713 31 00 with annual import quota of 3 lIkh MT for all.

President assents Ordinance for Speedy Disposal of Commercial Disputes 

May 3, 2018 951 Views 0 comment Print

Hon’ble President has given his assent to Commercial Courts, Commercial Division and Commercial Appellate Division of High Courts (Amendment) Ordinance, 2018 on 03rd May 2018. The ) Ordinance seeks to achieve the following objectives: The Ordinance brings down the specified value of a commercial dispute to 3 Lakhs from the present one Crore: Therefore, commercial […]

EPFO: Reg. Defaulting Establishments mandated for inspection

May 3, 2018 6729 Views 0 comment Print

(1) The following categories of establishments are mandated for inspection without referring/seeking permission for inspection from CAIU, Head Office : (a) List of establishments generated through Shram Suvidha Portal of Ministry of Labour & Employment, Government of India for inspection.

Draft notification for determination of FMV of inventory converted in Capital Assets

May 3, 2018 2277 Views 0 comment Print

Clause (via) in section 28 is inserted by Finance Act, 2018, w.e.f. Financial year 2018-19 and it provides taxation of Inventory in the year in which it is converted in capital Assets. CBDT issued Draft of notification to be issued for amending Income-tax Rules, 1962 for prescribing the manner of determination of fair market value of the inventory for the purpose of 28(via) of the Income-tax Act, 1961.

Himachal Pradesh to roll out intra-state e-way bill WEF May 05, 2018

May 1, 2018 11550 Views 0 comment Print

Himachal Pradesh hereby notifies that no E-Way Bill shall be required for intra-state movement of goods within the state of Himachal Pradesh except for intra-state movement of following 17 goods of consignment value exceeding fifty thousand rupees:

IBBI (Annual Report) Rules, 2018

May 1, 2018 219 Views 0 comment Print

(1) These rules may be called the Insolvency and Bankruptcy Board of India (Annual Report) Rules, 2018. (2) They shall come into force on the date of their publication in the Official Gazette.

Section 227 to 229 of IBC, 2016 comes into force from 1st May, 2018

May 1, 2018 2991 Views 0 comment Print

Central Government hereby appoints the 1st day of May, 2018 as the date on which the provisions of Section 227 to Section 229 of Insolvency and Bankruptcy Code, 2016 shall come into force.

SEBI (Employees’ Service) (Amendment) Regulations, 2018

April 27, 2018 960 Views 0 comment Print

Where an employee has to his credit 286 days or more of ordinary leaves, the further credit of 15 days ordinary leave shall be done at the beginning of each half year (on 1st April or 1st October) to the employee’s additional ordinary leave account and the ordinary leaves availed during the six month period thereafter ending on 30th September or 31st March shall be deducted from such account:

DGFT amends Transitional Arrangements in Foreign Trade Policy 2015-2020

April 25, 2018 5253 Views 0 comment Print

Central Government hereby amends the provision in Para 1.05 (b) of the Foreign Trade policy (2015-20) on Transitional Arrangements as under:

DGFT amends Import policy of Yellow Peas from free’ to ‘restricted’

April 25, 2018 1236 Views 0 comment Print

Import policy of Yellow Peas under Exim Code 0713 1000 is revised from free’ to ‘restricted’ for a period of three month only vide Notification No. 04 /2015-2020

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