Ministry of Finance issues Money-laundering (Maintenance of Records) Fifth Amendment Rules, 2019 to simplify KYC Process

The Ministry of Finance has published the Prevention of Money-laundering (Maintenance of Records) Fifth Amendment Rules, 2019 to simplify the KYC Process.

The Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Second Amendment Regulations, 2019

The Competition Commission of India vide notification dated 30th October 2019, has issued the Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Second Amendment Regulations, 2019, Altering the …

Businesses over Rs.50 Crore to have electronic payment mode from November 1: CBTD invites applications from payment systems

CBDT has made it mandatory for all businesses whose turnover is more than Rs 50.crore shall have to make arrangement to accept payment through electronic mode from November 1. The CBTD has invited proposals from …

DGFT Bans import of pet flakes made from used PET bottles

The Directorate General of Foreign Trade (DGFT) in its notification dated 24th October, 2019 has banned the import of PET flakes made from used PET bottles.

Draft Patents (Second Amendment) Rules, 2019

The Ministry of Commerce and Industry has issued the Draft Patents (Second Amendment) Rules, 2019 to further amend the Patents Rules, 2003.

Draft on Air conditioners and its related parts, Hermetic Compressor & Temperature Sensing Controls (Quality Control) Order, 2019

The Department for Promotion of Industry and Internal Trade has issued an order on Draft Air conditioners and its related parts, Hermetic Compressor & Temperature Sensing Controls (Quality Control) Order, 2019.

Registration and Licensing of Industrial Undertaking (Amendment) Rules, 2019

As per recent amendment made to the Registration and Licensing of Industrial Undertaking Rules, 1952, the time duration taken by the Ministry to convey its decision to accept or reject an application has been increased …

DGFT Develops online platform for filing and issuance of Preferential Certificate of Origin

DGFT in its trade notice dated 19th September 2019 has notified a new online platform for issuance of preferential Certificate of Origin (CoO) for all export products in order to provide an electronic, paperless, contactless …

Iron and steel import policy Amended

The Ministry of Commerce and Industry on 5th September, 2019 amended the Import Policy on Iron & Steel making the registration compulsory under Steel Import Monitoring System (SIMS) for the listed items. The Annexure to …

Compulsory Licencing norms for Manufacturers withdrawn

The Department for Promotion of Industry and Internal Trade (DPIIT) through its press note dated 11 September, 2019 has withdrawn the Press Note No. 17 (1984) series regarding Environmental clearance of Industrial Licence-Conditions of Letter …