IMPORT POLICY CONDITIONS
Govt eases conditions for silver import
Advance authorisation is issued to allow duty free import of inputs, which is physically incorporated in export product. The changed conditions are applicable to silver powder, plates and sheets, and unwrought silver, among others. India imported $2.5 billion of silver in these forms in the April-January period.
Frame human centric policies for employees returning to work: ILO
According to the guidance, the needs of workers at higher risk of severe il...
Govt mulling introduction of import substitution policy: Gadkari
The Minister for MSME and Road Transport and Highways said a policy on impor...
RBI & govt going for a calibrated approach as Covid situation extremely uncertain: Sanjeev Sanyal
‘We are more than willing to do what is necessary but it needs to be targeted in the right place’
COVID-19: Drugs with less than 60% shelf life allowed to be imported on condition
According to rules, the import of such drugs may be permitted after taking an undertaking from the importers by the port officers of CDSCO that the drug will be utilised or consumed before the expiry date and no part of it will be available for sale and distribution after its expiry.
Ahmedabad civil hospital conditions pathetic, painful: Gujarat HC
The facility has seen 377 COVID-19 deaths till Friday, which is a sizable portion of the 638 deaths reported in all hospitals during this period.
Misuse of FTA for gold imports to end as govt tweaks import conditions
Gold and silver in any form, other than monetary gold and silver in any form, has been moved from free to restricted list, a government notification dated December 18 said. The imports under FTA were at a nominal duty against the 12.5% duty on gold and silver.
Why estate planning is important
Estate planning is typically linked to death. But ‘when’ and ‘how’ that event will strike are things that no one can choose or has control over. It is also a misconception that estate planning is only for high networth individuals.
Karnataka government conditionally permits garment units to operate in red zones
The government had recently allowed certain industrial activities other than in the containment zones to operate, while relaxing the COVID-19 induced lockdown in the state.
Lockdown extension: Liquor, cigarette sale is now allowed but conditions apply
Liquor sale was one of the most contentious issues during the lockdown period as it was a major revenue generator for states. The Home Ministry has now said that sale of liquor, paan, tobacco will be allowed after ensuring minimum six-feet social distancing.
Foreign trade policy to be extended by 6 months till Sep 30
The commerce ministry is already in consultation with all stakeholders for the preparation of the next policy (2020-25), as the validity of the current one ends on March 31, 2020. The ministry's arm directorate general of foreign trade (DGFT) is formulating the policy. At present, tax benefits are provided under merchandise export from India scheme.
E-commerce policy put on hold
“We have redrafted the policy and presented it to the group of secretaries. However, the environment is not congenial now and officers are busy in Covid-19-related work,” said an official in the knowledge of the details.
Top importers of India's engineering goods are now under lockdown: EEPC India
For the April-February period of the fiscal 2019-20, India's exports of engineering items to the largest 25 markets aggregated to $53.30 billion , of the total shipments of $70.6 billion . There are widespread disruptions even in smaller markets. While exports for March are expected to be coming under severe impact of the global lockdowns, the April data is likely to be quite dismal as nations across the world are pushing hard on restrictions.
View: Govt must recognise the strategic importance of tech industry through policy
Indian VFs have to pay GST on their cost of running the fund, because GoI defines ‘fund management’ as a service. It’s like saying a CEO is providing ‘management services’ to the company for which it must pay GST. Indian investors also have to produce more paperwork, pay higher taxes, incur higher costs and operate within tighter constraints than their foreign counterparts.
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