DGFT: Re-import of steel for packaging will not be covered under Steel Import Monitoring System (SIMS) (Policy) (Circular No. 38/2015-2020-DGFT dated 19.01.2022)
Customs : CBIC exempts BCD and IGST on goods imported for the purpose of AFC Women’s Asian Cup India, 2022 (Notification No. 1/2022-Customs dated 18.01.2022)
Customs: CBIC has issued circular to allow extension of time period till 30.09.2022 for re-exports of ISO containers meant for transportation of Liquid Medical Oxygen grade, if imported under Notification No. 104/1994-Customs dated 16.03.1994 (Circular No.01/2022-Customs dated 18.01.2022)
Income Tax: CBDT notifies Rule 8AD Computation of capital gains for the purposes of sub-section (1B) of section 45 i.e. Computation of capital gains, not exempt under Section 10(10D). (Notification No. 8/2022-Income tax dated 18.01.2022)
Income Tax : CBDT notifies e-Advance Rulings Scheme, 2022; applicable w.e.f. 18-01-2022 (Notification No. 07/2022-Income Tax dated 18.01.2022).
Income Tax: CBDT has issued clarifications on applicability of Sec. 10(10D) exemption on sum received from ULIPs (Circular No. 2/2022-Income Tax dated 19.01.2022)
DGFT: United States of America has been included as area of operation of M/s Hamilton Steel Logistics Inc, a Pre-Shipment Inspection Agencies (PSIA) (Public Notice No. 47/2015-20 dated 18.01.2022)
SEBI: SEBI Empowering Investors through Investor Charters (Press Release 2/2022 dated 17.01.2022)
SEBI: SEBI has notified Securities and Exchange Board of India (Foreign Portfolio Investors) (Amendment) Regulations, 2022 ( Notification No. SEBI/LAD-NRO/GN/2022/64 dated 14.01.2022.)
Customs: Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver (Notification No. 03/2022-Customs (N.T.) dated 14.01.2022)
DGFT: All IECs which have not been updated after 01.07.2020 shall be de-activated with effect from 01.02.2022. All the concerned IEC holders are provided an opportunity to update their IEC in the interim period till 31.01.2022. (Trade Notice 31/2021-22-DGFT dated 14.01.2022)
DGFT: Import consignments of metallic waste and scrap (both shredded and unshredded) imported from safe countries / region i.e. the USA, the UK, Canada, New Zealand, Australia and the EU will not require Pre-Shipment Inspection Certificate (PSIC) if consignments are cleared through these ten (10) ports namely, Chennai, Tuticorin, Kandla, JNPT, Mumbai, Krishnapatnam, Mundra, Kattupalli, …
Customs: Anti Dumping Duty on Colour coated / pre-painted flat products of alloy or non-alloy steel removed (Notification No. 2/2022-Customs (ADD) dated 13.01.2022)
SEBI: CDSL Ventures Limited (CVL), a wholly owned subsidiary of Central Depository Services (India) Limited (CDSL) has been granted recognition as an Accreditation Agency (Press Release No.1/2022 dated 12.01.2022)
DGFT: Guidelines are issued for submission of online application for One time registration for SCOMET license and Post-reporting requirements for Export of chemicals under General authorization for export of Chemicals and related equipment’s (GAEC) w.e.f. 19.01.2022 (Trade Notice No. Trade Notice No. 30/2021-22-DGFT dated 13.01.2022)
DGFT: Inclusion of Paragraph 2.79G in the Handbook of Procedures of the Foreign Trade Policy (FTP) 2015-20 to notify the procedure for General Authorisation for Export of Chemicals and related equipment (GAEC) (Public Notice No. 45/2015-20 dated 13.01.2022)
Company Law: The Ministry of Corporate Affairs has increased the Additional Fees on the form from existing 12 times to 18 times of normal fees with effect from July 1, 2022 (Notification dated 11.01.2022)
It’s like a Dream come true for me. In 1997, it was a mea- gre beginning to provide all services under one stop re- lated to all laws. The idea was to provide all services under one umbrella and with a deep understanding of law and experience of operations, we could get associated with big …
When I recall my days when I discussed to start the consultancy with difference providing the services w.r.t. Foreign Trade Policy, Direct Tax, Indirect Tax, FEMA & all related services and not limiting to only advise but also undertaking the implementation with concept of accountability. Thereafter, not only I got the green signal from my …
I still vividly recall twenty-five years back almost to this day when two young men knocked at the door of my house and walked in on a sultry afternoon. They were not the door-to-door salesmen pitching a new brand of soap or detergent. One was Ashok Nawal a former colleague of mine from VIP …
