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News –19 October 2020

 

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China to Start Hi Tech Export Control to Allow Retaliation against US

CBI Rakes up Old 2012 Gold Case in Connection with Missing 2.6kg Gold in Bangalore, Arrests Six

Sandeep Nair in Gold Smuggling Case in COFEPOSA to Stop him from Turning Approver in NIA Case

Jaigaon Bazar – Phuentsholing and Torsha Tea Garden – Ahllay Routes Recognised in Trade with Bhutan

 

17.10.2020

Submission Date of Documents for EO Fulfilment Extended upto 31.12.2020 whose EO Period Expiring or Expired between 01.02.2020 and 31.10.2020

Front Axle Beams and Steering Knuckles for Commercial Vehicles from China – Anti-dumping Duty Extended upto 30 Nov 2020 (40 More Days)

40% Discount on Cargo Movement between India and Chabahar Port Extended for One Year

·   Discount Applicable on Cargo being Handled at JNPT and Deendayal Port from/to Shahid Beheshti Port, Iran

Finance Minister Nirmala Sitharaman Participates in 102nd Meeting of the World Bank Development Committee Plenary

NOTIFICATIONS ISSUED TO IMPLEMENT THE DECISIONS OF 42ND GST COUNCIL MEETING HELD ON 05.10.2020

Exempt Satellite Launch Services Provided by ISRO, Antrix Co. Ltd. and NSIL

Amendment in CGST Rules.2017

Number of HSN Digits Required on Tax Invoice

Annual Return under Section 44 (1) of CGST Act for F.Y. 2019-20 Optional for Small Taxpayers

FORM GSTR-3B of CGST Rules, 2017 along with Due Dates of Furnishing the said Form for October, 2020 to March, 2021

Date for Furnishing FORM GSTR-1 Persons having Aggregate Turnover of more than Rs. 1.5 crs

FORM GSTR-1 for October, 2020 to December, 2020 and January, 2021 to March, 2021 for registered persons having aggregate turnover of up to Rs.1.5 crs

 

15.10.2020

Hand Sanitizers in Container with Dispenser Pumps Freely Exportable

·   Relief to Covid-19 Industry with Free Exportability

Seized Ammunition, Explosives and Hazardous Goods can be Disposed by Customs

·   This should clear the backlog of seized stocks lying in Customs godowns for long period. Stocks may be handed over to original importers or nominees or traders

·   Domestic laws to apply only after goods enter the streams of domestic commerce

Nirmala Sitharaman in G20 Finance Meeting through Video Conferencing

·   Debt Service Suspension Initiative (DSSI) which provides time bound suspension of debt service payments for the low income debtor countries – Six Month Extension Proposed

India is One of the Largest Manufacturers and Exporters of Generic Medicines Across the World

·   Market Size of Chemicals & Petrochemicals Sector in India is Around 165 billion dollars; expected to double by 2025: DV Sadananda Gowda

MSME Ministry Introduces Intel Sponsored Artificial Intelligence (AI) and Machine Learning (ML) Strengthening its Single Window System Portal ‘Champions’ to assist MSMEs of the Country

WTO Members Search for Compromise as Text-Based Negotiations on Fishing Subsidies Continue

DTAA to Prevail over DDT

 

 

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July 2019

Author: Arun Goyal

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February 2020

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Last Updated on 19-10-2020