External Commercial Borrowings, Trade Credits and Structured Obligations
Transactions on account of External Commercial Borrowings (ECBs) and Trade Credit (TC) are governed by clause (d) of sub-section 3 of section 6 of the Foreign Exchange Management Act, 1999 [...]
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FOREIGN CURRENCY ACCOUNTS BY A PERSON RESIDENT IN INDIA
[Legallands LLP] It provides regulations of RBI for opening, holding and maintaining of Foreign Currency Accounts and the limits up to which amounts can be held in such accounts by [...]
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TRADE FACILITATION MEASURES DURING OUTBREAK OF COVID-19
S.No. Circular/Instruction/Notification No. Subject Measures Taken 1.        Instruction no. 02/2020-Customs; dated 20-02-2020 24*7 Customs clearance 24×7 custom clearance facility has been implemented at all custom formations to avoid any [...]
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BANK GUARANTEE EXEMPTION UNDER ADVANCE AUTHORIZATION
Customs Department extending the exemption for execution of Bank Guarantee (BG) based upon the export turnover, quantum of duty, tax paid, etc. vide earlier circular No. 58/2004-Cus dated 21.10.2004 as [...]
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Revised Guidelines on FDI – Sector Specific condition for Foreign Investors
CONTENTS   S. No. Sector/Activity Page No. A Prohibited Sectors 3 B Permitted Sectors 4 1 Agriculture 4 1.1 Agriculture & Animal Husbandry 4 1.2 Plantation Sector 4 2 Mining [...]
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FOREIGN DIRECT INVESTMENT IN INDIA
FDI : An E-commerce entity is an intermediary defined under Section 2(1)(w) of the Information Technology Act, 2000. This definition clearly stipulates that the ‘E-commerce entities have to provide an [...]
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NOTIFICATION SHALL BE INTERPRETED IN STRICT SENSE, NOT JUST TO FAVOUR THE ASSESSEE
In July, 2018, the Supreme Court of India delivered a landmark judgment pertaining to taxation law in the case of Commissioner of Customs (Import), Mumbai v. Dilip Kumar & Company [...]
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SINGLE MASTER FORM FOR FOREIGN INVESTMENTS IN INDIA
Foreign Investments:-  FDI Crackdown: RBI tightens rules on FDI disclosure on Companies, LLP and Startup   RBI, the regulator of the Foreign Investments of the Indian entities in India, through [...]
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Relaxations in FDI Regulations
Relaxations in FDI Regulations One more icing on the cake initiation for ease of doing business announced by Prime Minister Narendra Modi and Ministry of Finance on “Make in India” [...]
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