Financial Laws > Mission Shakti – ‘Saksham Nari Saksham Bharat’ Mission Shakti is an umbrella scheme for the Safety, Security and Empowerment of Women. Some key achievements under the Mission highlighted in the interim budget 2024-25 are: The empowerment of women through entrepreneurship, ease of living, and dignity for them has gained momentum in these …
In 2020, the Government announced structural reforms to boost private participation in space activities and a promise to provide a predictable policy and regulatory framework.
Knowledge Resource > The Union Finance Minister presented the Union Budget 2023 and proposed the Finance Bill, 2023 in the Lok Sabha on February 1, 2023. An overview of post-budget Customs and Central Excise notifications as well as changes to Customs Laws are listed below. Legislative amendments in the Customs Act, Customs Tarff Act and Rules made thereunder: …
Knowledge Resource > A. Amendment of import policy conditions for item under ITC(HS) Code 05119999 of Chapter 05 of ITC (HS), 2022, Schedule —IThe Central Government vide Notification No.22/2015-2020-DGFT dated July 20, 2022, has amended the import policy conditions regarding imports of Human Embryo under ITC (HS) 05119999. It is “Prohibited” in accordance with the …
Knowledge Resource > A. Amendment of notification No. 27/2011 dated 1st March, 2011 to increase export duty on certain goods.The Central Government vide Notification No.29/2022-Customs dated May 21, 2020 has amended Notification No.27/2011 dated March 01, 2011 to increase export duty on certain goods. In the case of Iron ore pellets, which currently does not …
Knowledge Resource > A. Amendment of Para 4.14, Para 5.01(a) and Para 6.01(d)(ii) of FTP 2015-20The Directorate General of Foreign Trade vide Notification No. 66/2015-2020 dated April 01, 2022 has notified that exemption from Integrated Tax and Compensation Cess under Advance Authorization under Para 4.14 of FTP 2015 -20, exemption from Integrated Tax and Compensation …
Knowledge Resource > A. Amendment in Policy condition of Si. No. 55 & 57, Chapter 10 Schedule-2, ITC(HS) Export Policy, 2018.The Directorate General of Foreign Trade vide Notification No. 61/2015-2020 dated March 23, 2022 has amended the Notification No. 60/2015-20 dated 09.03.2022 to the extent that export of Rice (Basmati and Non-Basmati) to EU member …
Knowledge Resource > A. Amendment in import policy conditions of items under ITC HS 0106 90 00 of Chapter 01 of ITC (HS), 2022, Schedule – I (Import Policy).The Directorate General of Foreign Trade vide Notification No. 57/2015-2020 dated March 07, 2022 has notified that the Import of only ‘Drosophila melanogaster’ under ITC (HS) 01069000 …