Discussion Paper on Corporate Insolvency Resolution Process deals with two issues, namely, essential supplies and the fee payable to insolvency professionals (IPs) in a corporate insolvency resolution process (CIRP).
Discussion Paper on Corporate Liquidation Process discusses two issues relating to liquidation process under the Insolvency and Bankruptcy Code, 2016 (Code).
Revised territorial jurisdiction of Regional Authorities of DGFT is notified in Appendix 1A of Appendices and Aayat Niryat Forms in accordance with 0 & M Instruction No.7/2019 dated 05/09/2019 and 0 & M Instruction No.8/2019 dated 24/09/2019.
To avail DPD facility, importers shall furnish an additional information in the Annexure-A (copy enclosed), wherein they shall mention one time default stacking code for their future import Consignments i.e. whether DPD-DPD or DPD-CFS, and if DPD-CFS, preferred CFS Name & Code.
Rate of Drawback- Normally, drawback may be allowed as per All Industry Rate fixed by DoR in the Drawback Schedule where no CENVAT credit has been availed by supplier of goods. However, an application in ANF- 7A, along with documents prescribed in ANF-7A & Appendix-7E, may be made to RA or DC concerned, as the case may be, for fixation of brand rate where All Industry Rate of Drawback is not available or same is less than 4/5th of duties actually paid on raw materials or components used in the production or manufacture of the said goods.
Attention of Trade, Importer, Exporter, Custom Brokers and various associations is invited to the fact that goods mentioned under following chapter headings which cannot be analysed/tested due to non-availability of facility at DYCC JNCH Laboratory are mentioned below.
As a trade facilitation measure, Mumbai Customs Zone-II has introduced a facility for Micro, Small and Medium Enterprises (MSME) wherein MSMEs can opt for registering themselves under ‘MSME Seva Module’ on the DPD JNCH website i.e. (www.dpdjnch.com).
A new para has been added in Chapter 2 of Foreign Trade Policy 2015-20 for operational modalities to be followed for the cases referred to National Company Law Tribunal vide Public Notice No. 39/2015-2020 dated: 18th October, 2019. Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade ***** […]
The Trade has reported that the bill of entry are not getting registered in Docks because of problem related to system. Therefore, keeping in view the problem related to system that the bill of entry are not getting registered for examination of goods, it has been decided that the docks officer will give permission for seal cutting and will also examine the goods without registering the bill of entry in the system in all the cases where duty has already been paid.
Verification from the PAO/e-PAO office regarding double/multiple payments for the same Bill of Entry of the amount to be refunded as also being reported by the banks in the scroll for transfer to RBI;
