Blog Archives

External Commercial Borrowings: Regulatory Framework Substantially Relaxed

Reserve Bank of India (RBI) on 16 January 2019 notified a new external commercial borrowings framework (New ECB Framework). The New ECB Framework rationalizes the existing external commercial borrowings framework (Old ECB Framework) by merging the existing Track I (medium-term foreign currency denominated ECB) and Track II (long-term foreign currency denominated ECB) into one track as 'Foreign Currency Denominated ECB'. Existing Track III (Indian Rupee denominated ECB) and the Indian Rupee denominated bonds (Masala Bonds) route has been merged as 'Rupee Denominated ECB'.

Notification No. 19/2019-Customs (ADD) Dated: 16th April, 2019

Seeks to rescind anti-dumping duty notification No. 39/2018-Customs (ADD) dated 20.08.2018, in pursuance with sunset review final findings issued by the DGTR. GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE Notification No. 19/2019-Customs (ADD) New Delhi, the 16th April, 2019 G.S.R.– (E).- In exercise of the powers conferred by sub-sections (1) and (5) of […]

Anti-dumping duty on ductile iron pipes extended till 09.05.2019

Notification No. 18/2019-Customs (ADD)- Seeks to amend notification No. 23/2013-Customs(ADD), dated the 10th October, 2013 to extend the anti-dumping duty on ductile iron pipes originating in, or exported from China PR till 9th May, 2019. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 18/2019-Customs (ADD) New Delhi, the 10th April, 2019 G.S.R. […]

During PMLA investigation property can be attached upto 365 days from 20.03.2019

Government notifies that During PMLA investigation property can be attached upto 365 days from 20.03.2019 from the earlier period of 90 days as provided in Finance Act, 2019. MINISTRY OF FINANCE (Department of Revenue) Notification No. 1/2019 New Delhi, the 19th March, 2019 G.S.R. 225(E).—In exercise of the powers conferred by section 22 of the […]

During PMLA investigation property can be attached upto 365 days from 20.03.2019

Government notifies that During PMLA investigation property can be attached upto 365 days from 20.03.2019 from the earlier period of 90 days as provided in Finance Act, 2019. MINISTRY OF FINANCE (Department of Revenue) Notification No. 1/2019 New Delhi, the 19th March, 2019 G.S.R. 225(E).—In exercise of the powers conferred by section 22 of the […]

RBI Expert Committee on Micro, Small and Medium Enterprises

As you are aware the Reserve Bank has constituted an ‘Expert Committee on Micro, Small & Medium Enterprises (MSMEs)’ to understand the structural bottlenecks and factors affecting the performance of the sector. The details regarding the constitution and terms of reference of the Committee is available at https://rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=45898.

Notification No. 13/2019-Customs (ADD) Dated: 14th March, 2019

Seeks to prescribe provisional assessment for ‘Saturated Fatty Alcohols’ when originating in or exported from subject countries by M/s PT. Energi Sejahtera Mas (producer) Indonesia through M/s Sinarmas Cespa Pte Ltd (exporter/trader) Singapore and imported into India. MINISTRY OF FINANCE (Department of Revenue) Notification No. 13/2019-Customs (ADD) New Delhi, the 14th March, 2019 G.S.R. 219(E).—Whereas, […]

Kisan Credit Card Scheme: Working Capital for Animal Husbandry & Fisheries

The Kisan Credit Card Scheme aims at providing adequate and timely credit support from the banking system under a single window with flexible and simplified procedure to the farmers for short term crop loans. In order to extend the operational flexibility to farmers engaged in Animal Husbandry and Fisheries the Government of India had announced their decision to extend the facilities of KCC to these farmers in the Budget 2018-19.

Kisan Credit Card Scheme: Working Capital for Animal Husbandry & Fisheries

The Kisan Credit Card Scheme aims at providing adequate and timely credit support from the banking system under a single window with flexible and simplified procedure to the farmers for short term crop loans. In order to extend the operational flexibility to farmers engaged in Animal Husbandry and Fisheries the Government of India had announced their decision to extend the facilities of KCC to these farmers in the Budget 2018-19.