Business Law - Corporate Law Reporter

Policy on Foreign Direct Investment in the Pharmaceutical Sector

The Cabinet considered the proposal of the Ministry of Commerce and Industry, for review of the policy on foreign direct investment in the pharmaceutical sector. The Cabinet decided that the current policy in brownfield and greenfield projects in the pharmaceutical sector will continue subject to the additional condition that in all cases of FDI in… Read More

Foreign Direct Investment (FDI) in India Definition of ˜group company™ as per RBI Guidelines

RBI/2013-14/356 A.P. (DIR Series) Circular No.68 November 01, 2013 To All Category I Authorised Dealer banks Madam/Sir, Foreign Direct Investment (FDI) in India definition of ˜group company™ Attention of Authorised Dealer Category I (AD Category-I) banks is invited to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations,… Read More

DGFT Circular w.r.t. Mono cartons being treated as primary level packaging of export consignment of pharmaceuticals and drugs

To be published in the Gazette of India Extraordinary Part-I, Section-I Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Public Notice No. 31 (RE-2013)/2009-2014 New Delhi, Dated the 17 October, 2013 Sub: Mono cartons to be treated as primary level packaging of export consignment of pharmaceuticals and… Read More

DIPP invites applications for engaging consultant on contract basis

Government of India Ministry of Commerce & Industry Department of Industrial Policy & Promotions Udyog Bhavan, New Delhi. Dated 30th September, 2013 Office Memorandum Sub: Engagement of consultant on contract basis in DIPP- inviting applications thereof It is proposed to prepare a panel of retired Government servants to work as full time Consultant with the following terms and… Read More

DGFT Public Notice on Suspension of SIONs

(To be published in the Gazette of India Extraordinary) (Part I-Section 1) Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Public Notice No. 30 (RE: 2013)/2009-2014 New Delhi: dated 4 October, 2013 In exercise of the powers conferred under Paragraph 2.4 of the Foreign Trade Policy, 2009-2014 and Paragraph 1.1 of Handbook of Procedures… Read More

IndoMyanmar Border Trade – Amendment in the Public Notice No. 30(RE-2012)/2009-2014 dated 16.11.2012

To be published in The Gazette of India Extraordinary (Part-I, Section-1) Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi -110 011 PUBLIC NOTICE NO. 27 (RE-2013)/2009-2014 NEW DELHI, DATED THE 24th SEPTEMBER, 2013 Subject: IndoMyanmar Border Trade - Amendment in the Public Notice… Read More

DGFT Amends Customs Notifications to implement Option to close cases of default in Export Obligation

[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. 46/2013-Customs New Delhi, dated the 26th September, 2013 G.S.R. No. 659 (E),- In exercise of the powers conferred by sub-section (1) of section 25of the Customs Act, 1962 (52 of 1962), the… Read More

Paragraph 3.8.3 of the Handbook of Procedures, Vol. 1 of FTP amended

(To be published in The Gazette of India Extraordinary Part-I-Section-1) Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi. Public Notice No. 28/2009-2014 (RE- 2013) New Delhi, the 25th September, 2013 Subject: Amendment in Paragraph 3.8.3 of the Handbook of Procedures, Vol. 1 (for Incremental Exports Incentivisation Scheme). In… Read More

Chapter 3 of Foreign Trade Policy amended

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 Udyog Bhawan, New Delhi Notification No: 43 (RE-2013)/2009-2014 New Delhi, the 25th September, 2013 Subject: Amendment in Chapter 3 of Foreign Trade Policy S.O.(E) - In exercise of the… Read More

Incremental Export Incentivisation Scheme – Benefits amended

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 Udyog Bhawan, New Delhi Notification No: 44 (RE-2013)/2009-2014 New Delhi, the 25th September, 2013 Subject: Amendment in Chapter 3 of Foreign Trade Policy S.O.(E) - In exercise of the… Read More

India™s Foreign Trade report for August, 2013

EXPORTS (including re-exports) Exports during August, 2013 were valued at US $ 26135.94 million (Rs. 165202.15 crore) which was 12.97 per cent higher in Dollar terms (28.53 per cent higher in Rupee terms) than the level of US $ 23134.47 million (Rs. 128534.68 crore) during August, 2012. Cumulative value of exports for the period April-August 2013 -14… Read More

DGFT notice w.r.t. Relaxation of condition for fulfillment of export obligation in respect of consignments of gold articles

TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY (PART-I, SECTION-1) GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY DEPARTMENT OF COMMERCE PUBLIC NOTICE No. 25 (RE-2013)/ 2009-2014 NEW DELHI, DATED THE 6th September, 2013 Subject: Relaxation of condition for fulfillment of export obligation in respect of consignments of gold articles. In exercise of powers… Read More

DGFT circular w.r.t. Non-insistence on sequencing of import of gold being followed by export of gold jewellery/articles of gold.

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 Udyog Bhawan Notification No. 40 (RE2013)/2009-2014 New Delhi, Dated 6th September, 2013 Subject: Non-insistence on sequencing of import of gold being followed by export of gold jewellery/articles of gold.… Read More