Draft Karnataka Excise (Brewery) (Amendment) Rules, 2023
The Excise Commissioner on an application made by the licensee accompanied by the licence fee may renew the licence. Every such application shall be made at least one month before the expiry of the licence already granted.
CBIC determines rate of exchange of conversion of the foreign currencies relating to imported and exported goods
The Central Board of Indirect Taxes and Customs has determined the rate of exchange of conversion of each of the foreign currencies into Indian currency or vice versa. The notified rates of exchange shall will come into effect from 6th January, 2023. This rate of exchange of conversion of the foreign currencies relates to imported and exported goods.
Ministry of Commerce & Industry extends the Foreign Trade policy for six months.
The new five year Foreign Trade Policy, 2015-20 provides a framework for increasing exports of goods and services as well as generation of employment and increasing value addition in the country, in keeping with the “Make in India” vision of Prime Minister. The focus of the new policy is to support both the manufacturing and services sectors, with a special emphasis on improving the ‘ease of doing business’.
Union cabinet approves National Logistics Policy.
This policy paves way for reduction in logistics cost in the country. Focus will be on enabling adequate development of warehouses with optimal spatial planning, promotion of standards, digitization and automation across the logistics value chain and better track and trace mechanisms.
The Customs (Import of Goods at Concessional Rate of Duty or for Specified End Use) Rules, 2022.
Where a Bill of Entry is cleared for home consumption, the bond submitted by the importer gets debited automatically in the customs automated system and the details shall be made available electronically to the jurisdictional Customs Officer.
The Customs Authority for Advance Rulings (Amendment) Regulations, 2022.
The service of notices or documents required to be served on the parties to the application or petition and in the case of a Principal Commissioner or Commissioner may be served as per the provisions of the Act.
The Government of Andhra Pradesh notifies New Bar Policy 2022.
The license fee and annual non-refundable registration charge for each of the licenses shall be enhanced @10% every year.
Ministry of Ports issues guidelines for reviving stressed projects.
These guidelines will pave the way for resolution of the cases under arbitration. The port asset is likely to be put to use through re-bidding. This will definitely result in unlocking the blocked cargo handling capacity of approximately 27 MTPA thereby creating better trade opportunities for the prospective investors and Port Authority will start generating revenue.
Karnataka Excise (Brewery) (Draft Amendment) Rules, 2022.
“Craft brewery” means a small brewery with an installed capacity not exceeding 2 Lakh litres per annum in a place having not less than 4,000 sq. feet built up area, wherein only bottled Beer is manufactured, and includes every place therein, where bottled Beer is stored or issued”
Government of Karnataka notifies Karnataka Excise (Bottling of Liquor) (Draft Amendment) Rules, 2022.
In the event of death of the licensee or the lessee, during the currency of the licence or lease, the Excise Commissioner may on an application by the legal heir of the deceased licensee or lessee, transfer the Bottling licence or the lease as the case may be in their favour, if such legal heir is eligible for grant of Bottling licence.
