Granting of Approval to New Drug

The FDCs falling under the purview of the definition of the term New Drug under Rule 122E of Drugs and Cosmetics Rules, 1945 are only considered as New drugs. The requirements for the approval of FDCs are prescribed under Appendix VI of Schedule Y of Drugs and Cosmetics Rules 1945, according to which every FDC… Read More

ADD levy on import of Soda Ash to or from Russia and Turkey

[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. 8 /2013-Customs (ADD) New Delhi, dated the 18th April, 2013 G.S.R.    (E). Whereas, in the matter of Soda Ash (hereinafter referred to as the subject goods), falling under sub-heading  283620 of the… Read More

Customs Anti Dumping Duty Amendment notification – substitution of entries

[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. 7 /2013 Customs (ADD) New Delhi, the 18th April, 2013 G.S.R. (E). - In exercise of the powers conferred by sub-section (1) and (5) of section 9A of the Customs… Read More

Finance Minister Launches Medi Claim Facility for Farmers

Finance Minister Launches Medi Claim Facility for Farmers; Calls for Greater Penetration by the Non Life Insurance Sector and Higher Insurance Density The Union Finance Minister Shri P.Chidambaram said that there is a need to take immediate action by the non life insurance sector to increase penetration and coverage of the non life insurance in… Read More

India and UAE Sign MoU on Air Services

  India and United Arab Emirates (UAE) signed an MoU on Air Services, following the two-day bilateral negotiation at Abu Dhabi today. The UAE had urged India to allocate additional 40,000 seats per week, grant Goa, Pune, Amritsar and Lucknow as additional points of calls, remove the maximum cap prescribed from each point of call… Read More

Annual Supplement 2013 to Foreign Trade Policy (2009-14) – Notifications for Amendment

[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. 24 / 2013-Customs New Delhi, dated the 18th April, 2013 G.S.R. 250 (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act,… Read More

Annual Supplement 2013 to Foreign Trade Policy (2009-14) – Exemption under Post Export EPCG Duty Credit Scrip

[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. 23 / 2013-Customs New Delhi, the 18th April, 2013 G.S.R. 249 (E).”  In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962… Read More

Annual Supplement 2013 to Foreign Trade Policy (2009-14) – Exemption Under EPCG

[TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THE GAZETTE OF INDIA (EXTRAORDINARY)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No.  22 / 2013-CUSTOMS New Delhi, the 18th April, 2013. G.S.R. 248 (E). - In exercise of the powers conferred by sub-section (1) of section 25 of the Customs… Read More

Customs Tariff Notification on additions of Items

[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) New Delhi, the 18th April, 2013 Notification No.21/2013-Customs G.S.R. (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… Read More

Extension of Dates for Filing ST-3 returns for the Period Oct’12 to Mar’13

F.No.137/99/2011-Service Tax Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs *** New Delhi, dated the 23rd April, 2013 To All Chief Commissioners of Central Excise / Customs and Central Excise Directors General of Service Tax /Central Excise Intelligence /Audit/Systems All Commissioners of Central Excise/ Customs and Central Excise All… Read More

SEBI Circular on Infrastructure Debt Fund

CIRCULAR CIR / IMD / DF / 7 / 2013 April 23, 2013 All Mutual Funds/Asset Management Companies Trustee Companies/Boards of trustees of mutual funds Sir / Madam, Sub: Circular on Infrastructure Debt Fund Amendments to SEBI (Mutual Funds) Regulations, 1996 1. Please find enclosed a copy of the gazette notification No. LAD-NRO/GN/2013-14/03/5652 dated April 16, 2013,… Read More

CLR Snippets :: Rangarajan Committee Recommandations on Pricing of Natural Gas

The Minister of State for Petroleum & Natural Gas Smt. Panabaaka Lakshmi informed the Rajya Sabha in a written reply today that the recommandations of the Committee constituted under Chairmanship of Dr.C. Rangarajan, Chairman, Prime Minister™s Economic Advisory Council (EAC) are under consideration of the Government. The committee was set up to review among other… Read More

CLR Snippets :: Government’s Stand on Generic Drugs

The subject matter of granting patent rights to individuals and companies is regulated by the Patents Act, 1970 administered by the Department of Industrial Policy & Promotion in the Ministry of Commerce & Industry. That Department has informed that the said Act, as amended in the year 2005, already establishes a fair balance between the… Read More

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