The current Foreign Trade Policy (2015-2020), was extended till 30 September 2021. In order to prepare a new five year Foreign Trade Policy, suggestions/inputs are invited from various stakeholders. A Google Form has been created on the following link: https://bit.ly/3khHEI2 and suggestions are invited on or before 31st July 2021. (Trade Notice No. 09/2021-22 dtd 16th July 2021)
A facility of block mechanism in the demat account of clients has been made available by the depositories. The securities lying in client’s demat account may be blocked in favour of Clearing Corporation either by client himself using depository’s online system. (Press Release No.23/2021 )
Have you missed the Webinar on “MOOWR 2019” scheme vs EOU / Advance Authorisation. You can now watch on our YouTube Channel on following link:
Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 16th July, 2021 vide Notification No. 59/2021 – Customs (N.T.) | Dated: 15th July, 2021. Sl.No. Foreign Currency Rate of exchange of one unit of foreign currency equivalent to Indian rupees For Imported Goods For Exported Goods 1 EURO 89.80 86.60 2 Hong Kong …
Re-Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver etc. for imports. (Tariff Notification No. 60/2021-Customs (N.T.) Dated: 15th July, 2021)
All the advance bills of entry for FCL consignments which do not require assessment and/or examination would be granted the facility of Direct Port Delivery (DPD) and that such facility would be over and above the present system of entity based DPD extended to Authorised Economic Operator (AEO) clients. (PUBLIC NOTICE NO. 71/2021)
Reserve Bank of India has released today, the Draft Circular on ‘Issue and regulation of share capital and securities for Primary (Urban) Co-operative Banks’. Comments on the Draft Circular are invited from UCBs, sector participants and other interested parties by August 31, 2021. (Press Release: 2021-2022/527)
The scheme of Reserve Bank of India ‘RBI Retail Direct’ has been formulated as a one-stop solution to facilitate investment in Government Securities by individual investors. The date of commencement of the scheme will be announced at later stage. ( Press Release No.2021-2022/518)
The last date for submission of FLA Returns-2021 has been extended to 31st July 2021.
ABOUT EPISODE: In this episode, we ask Mr. Ashok Nawal, Founder of Bizsolindia Group, about the implementation of new labour codes. Watch to know more about new labour reforms.
Customs duty exempted on API/excipients for Amphotericin B & COVID test kits material and raw materials for manufacturing COVID test kits as specified below for a specified period : Ø DMPC (1,2-Dimyristoyl-sn-glycero-3-phosphocholine), DMPG (1,2-Dimyristoyl-sn-glycero-3-phospho-rac-glycerol,sodium salt), HSPC (Hydrogenated phosphatidylcholine from soybean), DSPG (1,2-Distearoyl-sn-glycero-3-phospho-rac-glycerol,sodium salt), Egg Lecithin falling under Customs Tariff 2923 20 90 – Exemption valid till 31st August 2021 …
The Government of the Republic of India and the Government of the Republic of Malawi , to make more effective the cooperation of the two countries in the suppression of crime by making further provision for the reciprocal extradition of offenders and recognizing that concrete steps are necessary to combat terrorism, provisions have been notified …
Guidance note for listed companies undergoing Corporate Insolvency Resolution Process has been introduced and accordingly in consultation with SEBI, the following disclosures shall also be submitted to the Stock Exchange in addition to those already prescribed under the LODR Regulations: Ø Prior intimation of at least two working days intimating about the date of hearing where …
Extension of time limit for filing Application for refund claims under the Transport and Marketing Assistance (TMA) Scheme for specified agricultural products to DGFT for the quarter ending 31st March, 2020 and 30th June, 2020 going forward can be filed upto 30th September, 2021 . (Public Notice No. 14/2015-2020 | Dated 13th July, 2021)
Revision in format of ANF-2C by deletingno.9 (d) mandating submission of monthly returns of exports including ‘NIL’ returns to the Registering authority by 15th day of the month following the quarter ( Public Notice No. 12/2015-2020 dtd. 12.07.2021)
Revision in Para 2.96 (b) of HBP, 2015-2020 by deleting the para‘Exporter shall furnish quarterly return /details of his exports of different commodities to concerned registering authority. However, status holders shall also send quarterly returns to FIEO in format specified by FIEO ( Public Notice No. 12/2015-2020 dtd. 12.07.2021)
Revised formats of ANF-2H (Application for Free Sale & Commerce Certificate) and ANF-2I (Application for Free Sale & Commerce Certificate for items other than Medical Devices/Instruments) of HBP, 2015-2020 are notified by by deleting the requirement of furnishing RCMC details under s.no 4 and RCMC related declaration at s.no 8 of Declaration/Undertaking in earlier ANF-2H …
Framework for setting up of International Trade Financing Services Platform (‘ITFS’) for providing Trade Finance Services at International Financial Services Centres (‘IFSCs’) has been introduced vide (Circular no: F. No. 388/IFSCA/ ITFS Platform/2021-22) by International Financial Services Centres Authority.
As a Prudent Operational Risk Management measure RBI has advised banks to implement Mandatory Leave policy for the Employees Posted in Sensitive Positions or Areas of Operation. The leave will not be less than 10 working days in a single spell every year without giving any prior intimation to these employees and will not have …
Institute of Chartered Accountants of India (ICAI) allows Multi Disciplinary Partnership Firms and also allows partnership of CAs with CMAs, Company Secretaries, Advocates, Engineer, Architects, MBAs. Accordingly revised “Form 18” has been notified vide Notification No. 1-CA(7)/197/2021 dated 8th July, 2021.
