Legal Updates

DGFT notifies Notification No. 19 dated 5.08.2017

Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan Trade Notice No. 13/2015-2020 11 August, 2017 To All RA’s Of DGFT All customs commissionerates Members of Trade   Subject : Implementation of Notification No. 19 dated 5.08.2017-Reg Reference is invited to notification No. 19 dated 5.08.2017… Read More

Govt. allows export of gold jewellery upto maximum limit of 22 carats

To be published in the gazette of India Extraordinary part-II, Section-3, Sub Section (ii) Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan   Notification No. 21/2015-2020 New Delhi, the 14 August, 2017 Subject :Amendment in Para 4.32(i) of Chapter 4 and In Para 6.01(a) of… Read More

Govt exempts restriction on Supply of essential commodities to Maldives

To be published in  the Gazette of India Extraordinary part II Section 3, Sub Section (ii) Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan Notification No. 20/2015-2020 New Delhi, the 14 August, 2017 Subject: Supply of essential commodities to the Republic of Maldives during 2017-18 S.O.(E)… Read More

NBFC’s to rate Fixed Deposits portfolios with Eligible Credit Rating Agencies

RBI/2017-18/45 DNBR (PD).CC.No.89/03.10.001/2017-18 August 14, 2017 All Deposit Taking NBFCs (except Residuary Non-Banking Companies) Madam/Sir, Eligible Credit Rating Agencies- Rating of Fixed Deposits by Infomerics Valuation and Rating Private Limited (IVRPL) A reference is invited to para 9 of the Master Direction DNBR. PD.002/03.10.119/2016-17 dated August 25, 2016 on Non-Banking Financial Companies Acceptance of Public Deposits (Reserve… Read More

CBEC releases notification on Fixation of Tariff Value of certain Goods

Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver  In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs, being satisfied that it is necessary and… Read More

SEBI exempts Stock Exchanges at IFSC from Clause 5 of Liquidity Enhancement Scheme

CIRCULAR   SEBI/HO/MRD/DSA/CIR/P/2017/95 August 10,2017   To, All recognised Stock Exchanges/ Clearing Corporations in International Financial Services Centre (IFSC) All recognised Stock Exchanges/ Clearing Corporations All Registered Intermediaries Dear Sir/Madam,   Sub: Securities and Exchange Board of India (International Financial Services Centres) Guidelines, 2015-Liquidity Enhancement Scheme. 1. SEBI vide circular CIR/MRD/DP/14/2014 dated April 23, 2014… Read More

CBDT notifies Notification No. 79/2017

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 8th August, 2017 INCOME-TAX S.O. 2529(E).—In exercise of the powers conferred by clause (ba) of Explanation to section 54EC of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies that any bond redeemable after three years and… Read More

BIS amends notification S.O.1347 (E) dated 28 April 2017 under BIS Rules

MINISTRY OF CONSUMER AFFAIRS, FOOD AND PUBLIC DISTRIBUTION (Department of Consumer Affairs) (BUREAU OF INDIAN STANDARDS) CORRIGENDUM New Delhi, the 11th August, 2017 S.O. 2587(E).—Bureau of Indian Standards hereby makes the following AMENDMENT to the NOTIFICATION of Government of India under the Ministry of Consumer Affairs, Food & Public Distribution (Department of Consumer Affairs) published… Read More

Govt. continues Anti-Dumping Duty on imports of “Opal Glassware”

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) NOTIFICATION No. 37/2017-Customs (ADD) New Delhi, the 9th August, 2017 G.S.R…. (E). - Whereas, the designated authority vide Notification No. 15/4/2016-DGAD dated 8th July 2016, published in the Gazette of India,… Read More

DGRI appoints Common Adjudicating Authority under Customs Act, 1962

[To be published in the Gazette of India, Extraordinary, Part-II, section 3, sub-section (ii)] Government of India Ministry of Finance (Department of Revenue) Central Board of Excise and Customs Directorate of Revenue Intelligence Notification No. 8/2017-Customs (N.T./CAA/DRI) New Delhi, dated the 11 th August, 2017 S.O. (E). - In pursuance of notification No. 60/2015-Customs (N.T.),… Read More

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