Legal Updates

Govt. extends levy of ADD on imports of caustic soda exported from Saudi Arabia and USA

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 24th November, 2017 No. 55 /2017-Customs (ADD) G.S.R. 1447(E).—Whereas, the designated authority vide initiation notification No. 7/16/2017-DGAD, dated the 20th November, 2017, published in the Gazette of India, Extraordinary, Part I, Section 1, dated the 20th November, 2017, had initiated review in terms of sub-section… Read More

Govt.notifies Central Excise (Appeals) Amendment Rules, 2017

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 23rd November, 2017 No. 27/2017-Central Excise (N.T.) G.S.R. 1442(E).—In exercise of the powers conferred by section 37 of the Central Excise Act, 1944 (1 of 1944), the Central Government hereby makes the following rules to amend the Central Excise (Appeals) Rules, 2001, namely:— 1. (1)… Read More

Export Policy of Onions – Imposition of Minimum Export Price (MEP)

(TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY PART-II, SECTION – 3, SUB-SECTION II) Government of India Ministry of Commerce And Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhavan Notification No. 39/2015-2020 New Delhi: 23 November 2017 Subject: Export Policy of Onions – Imposition of Minimum Export Price (MEP). In exercise of powers… Read More

Insolvency and Bankruptcy Code (Amendment) Ordinance, 2017 amends IB code

  MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 23rd November, 2017/Agrahayana 2, 1939 (Saka) THE INSOLVENCY AND BANKRUPTCY CODE (AMENDMENT) ORDINANCE, 2017 No. 7 OF 2017 Promulgated by the President in the 6Day-eighth Year of the Republic of India. An Ordinance to amend the Insolvency and Bankruptcy Code, 2016. WHEREAS the Insolvency and Bankruptcy… Read More

CBEC imposes anti-dumping duty on rubber chemical PX 13 originating in and exported from EU and rubber chemical MOR originating in and exported from China PR

[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. 54/2017-Customs (ADD) New Delhi, the 17th November, 2017 G.S.R.-(E). -Whereas, the designated authority vide initiation notification No. 15/5/2016-DGAD, dated the 8th July, 2016, published in the Gazette of India,… Read More

Exchange Rate of Foreign Currency Relating To Imported and Export Goods Notified W.e.f. 17. 11.2017

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF EXCISE AND CUSTOMS) Notification No.110/2017 - Customs (N.T.) New Delhi, dated the 16th November, 2017 25 Kartika 1939 (SAKA) In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of… Read More

Govt. increases basic custom duty on crude palm/sunflower/Soya bean/ canola/mustard/colza oil

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 17th November, 2017 No. 87 /2017-Customs G.S.R.1430(E).— In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes… Read More

CBEC increases import tariff rate of soya beans from 30% to 45%

NOTIFICATION New Delhi, the 17th November, 2017 No. 88 /2017-Customs G.S.R. 1431(E).—WHEREAS the Central Government on being satisfied that the import duty leviable on goods falling under heading 1201 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), should be increased and that circumstances exist which render it necessary to take… Read More

Govt. launches SHe-Box Online Complaint Management System to lodge complaints of sexual harassment

Press Information Bureau Government of India Ministry of Women and Child Development 07-November-2017 18:57 IST SHe-Box Online Complaint Management System for working women to lodge complaints of sexual harassment at workplace launched by Smt Maneka Sanjay Gandhi WCD Minister Smt Maneka Sanjay Gandhi today launched a comprehensive SHe-Box online complaint Management System for women working in both… Read More

SEBI circular on Investments by FPIs in Hybrid Securities

CIRCULAR IMD/FPIC/CIR/P/2017/121 November 15, 2017 To All Foreign Portfolio Investors through their designated Custodians of Securities The Depositories (NSDL and CDSL) Sir / Madam, Sub: Investments by FPIs in Hybrid Securities 1. This has reference to the daily FPI net investment data and the FPI Assets Under Custody (AUC) data being disseminated by the depositories… Read More

Exchange Rate of Qatari Riyal revised, w.e.f 15th November, 2017

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF EXCISE AND CUSTOMS) Notification No. 108/2017-Customs (N.T.) Dated the 14th November, 2017 23 Kartika, 1939 (SAKA) In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs hereby makes the following… Read More

Securities and Exchange Board of India (International Financial Services Centres) Guidelines, 2015 – Amendments

CIRCULAR SEBI/HO/MRD/DRMNP/CIR/P/2017/120 November 14, 2017   All recognized Stock Exchanges and Clearing Corporations in International Financial Services Centres   Dear Sir/Madam Securities and Exchange Board of India (International Financial Services Centres) Guidelines, 2015 – Amendments Kindly refer to SEBI (IFSC) Guidelines, 2015 notified by SEBI on March 27, 2015 and various amendments made thereto from… Read More

Procedure regarding appeal at a higher fora after Department has lost in two previous stages

F. No. 390/Misc/69/2017-JC Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs New Delhi 09th November2017 INSTRUCTION To, 1. All Principal/Chief Commissioners and Director Generals under the Central Board of Excise and Customs. 2. CDR, Customs, Excise & Service Tax Appellate Tribunal. 3. All Principal Commissioners/ Commissioners of Customs/Central Excise &… Read More

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