DGFT facilitates online Module for issuance/amendment/re-validation of Export Authorisation for restricted items(Non-SCOMET) items from 17-5-2021.
Import policy of Integrated Circuits (lCs) for HS Codes 85423100, 85423900, 85423200, 85429000, and 85423300, of Chapter 85 will now require to obtain Automatic Registration Number from Chip Imports Monitoring System (CHIMS) prior to import.
Customs facilitates trade by restoring the earlier relaxation of submission of undertaking in lieu of Bond till 30.6.21 complying certain conditions.
All the Development Commissioners are directed to extend the due dates for pending compliances, expiry of validity of LoAs, approvals or permissions in the current lockdown in view of COVID-19 till 30.06.2021. The relaxation will apply for following activities, Requirement to file Quarterly Progress Report (QPR) attested by Independent Chartered Engineers by Developers/ Co-developers. SOFTEX …
Relaxation provided that DGFT will not insist on valid RCMC (in cases where the same has expired on or before 31st March, 2021) from the applicants for any incentive/authorizations till 30th September, 2021.
For SEZ units, a liberal approach may be taken by DCs for Work from Home facility till orders for pandemic Covid are issued by National Disaster Management Authority or State Government.
Hospitals, Dispensaries, Nursing Homes, Covid Care Centres or similar other medical facilities providing Covid treatment to patients may receive cash more than Rs. 2 lacs from a person in a day for the period 1st April, 2021 to 31st May,2021 and by providing PAN/ Adhar of patient and relationship details between payee and patient to …
The Ministry of Food Processing Industries (MoFPI) on Monday issued detailed operational scheme guidelines and launched an online portal inviting Expression of Interest (EoI) from food processing companies for availing the Rs. 10,900 crore Production Linked Incentive (PLI) scheme for the sector.
Adhoc Exemption for free of Cost import of Covid Material (Remdesivir injection, oxygen and COVID-19 vaccines etc) by States for free of Cost distribution.
Relaxation on additional fees has been provided by MCA for various Forms (due from 1st April 21 to 31st May21) under Companies Act, 2013 and LLP Act, to file till 31st July, 21.
MCA provides relaxation in creation / modification of charge and fees which was due on 1st April 21 and falls due between 1st April 21 and 31st May, 21 stands extended till 31st May 21.
In view of resurgence of COVID 19, the gap between two board meetings may extend to 180 days during the quarter April to June 21 and July to Sept 21 instead of 120 days.
Relaxation for GST – Liability payment and Late fee Payment for April 21 and May 21. Interest Waiver for Tax Payers having Aggregate Turnover greater than Rs. 5 crores First 15 days from the due date of tax payment Interest @ 9% instead of 18% After 15 days from Due date Interest @ 18% Interest …
Dates extended for following compliances to 31st May 2021,or last date of filling whichever is later under Income Tax in view of severe pandemics:
EVC for filing GST returns – Companies can file GST returns using EVC instead of Digital Signature for period up to 31.05.2021. This is to obviate the difficulties in getting DSC used considering lockdown in many states.
Basic Custom duty exemption has been granted on import of Vaccines for COVID-19, Oxygen and Oxygen generating units for next three months (detailed notification awaited). Earlier, the government had exempted Basic Custom duty on import of Remdesivir injection, Remdesivir API and Beta Cyclodextrin (SBEBCD) used in the manufacture of Remdesivir, up to 31st October 2021.
The Director General of System & Data Management GST has issued advisory for issuance of PMT-03 for re-credit of ITC on account of following, i.Refund of excess payment of tax; ii.Refund of tax paid on intra-State supply which is subsequently held to be inter- State supply and vice versa; iii.Refund on account of assessment/provisional assessment/appeal/any …
DGFT has launched ‘Trade Facilitation’ Mobile App, for promoting ease of doing business and providing quick access to information to importers/exporters. Amongst other things, the app will provide below major details, Real-time trade policy updates, notifications, application status alert, tracking help requests Item-wise Export-Import policy & statistics, Track IEC Portfolio A I-based 24*7 assistance for …
DGFT has launched ‘Trade Facilitation’ Mobile App.(13.04.2021) Read More »
In step towards Atmanirbhar Bharat, Union Cabinet approved six of the ten New production linked incentive (PLI) Schemes. Those are, Electronic/Technology Products – MeitY (notified on 3 March 2021) Pharmaceuticals drugs – D/o Pharmaceuticals (notified on 3 March 2021) Telecom & Networking Products – D/o Telecommunications (notified on 24 Feb 2021) Food Products – …
Hon’ble Justice NV Ramana has been appointed as the next Chief Justice of India by President Ram Nath Kovind. He will take oath on April 24. Hon’ble Justice Ramana will be the country’s top judge for a year and four months, till August 26, 2022.
