Monthly Archives: November 2015

Taxation of income from off-shore Rupee Denominated Bonds

The Reserve Bank of India has recently permitted Indian corporates to issue rupee denominated bonds outside India. The matter of taxation of income from such bonds under Income-tax Act, 1961 has been considered by the Government. In so far as … Continue reading

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IMPORT OF HUMAN EMBRYO PROHIBITED

Import of Human Embryo stands prohibited vide DGFT NOTIFICATION NO 25/2015-2020, Dated: October 26, 2015.Essential details of the notification is as follows: -Import policy of the item ‘Human Embryo’ classified under EXIM Code 0511 99 99 in Chapter 05 of … Continue reading

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Procedure regarding Self-sealing and self-Examination of Bulk Export Cargo

Circular No. 1011/18/2015-CX New Delhi, the 30th October, 2015 issued by CBEC has clarified regarding Self-sealing and self-Examination of Bulk export cargo. Essential details are as follows: With reference to problems faced by trade in sealing of Bulk Cargo for … Continue reading

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Continuation of anti-dumping duty on imports of All Fully Drawn of Fully Oriented Yarn/Spin Draw Yarn/Yarn of Polyester (non-textured and non POY) falling under heading 5402 of the First Schedule to the Customs Tariff Act, 1975 vide Notification No. 51/2015-Customs (ADD) dated:21st October 2015.

Continuation of anti-dumping duty on imports of All Fully Drawn of Fully Oriented Yarn/Spin Draw Yarn/Yarn of Polyester (non-textured and non POY) falling under heading 5402 of the First Schedule to the Customs Tariff Act, 1975 vide Notification No. 51/2015-Customs … Continue reading

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Provisional Safeguard duty on import of “Hot-rolled flat products of non-alloy and other alloy steel in coils of a width of 600 mm or more, falling under heading 7208 or tariff item 7225 30 90 of the first Schedule to the Customs Tariff Act, 1975

Provisional Safeguard duty on import of “Hot-rolled flat products of non-alloy and other alloy steel in coils of a width of 600 mm or more, falling under heading 7208 or tariff item 7225 30 90 of the first Schedule to … Continue reading

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Guidelines for Arrest and Bail in relation to offences punishable under Customs Act, 1962

Guidelines for Arrest and Bail in relation to offences punishable under Customs Act, 1962 . Vide circular No. 28/2015-Customs dated 23rd October, 2015 guidelines for Arrest and Bail in relation to offences punishable under Customs Act, 1962 has been revised. … Continue reading

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LEVERAGING FREE TRADE AGREEMENTS FOR COMPETITIVE ADVANTAGE;IDENTIFYING THE ROAD BLOCKS.

  With the proliferation of FTAs globally in its various avatars covering trade in goods, services, and investments. It is imperative for every industry exposed to global production and supply chains management networks to include FTAs as a key component … Continue reading

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