DGFT extends validity of Registration cum Membership Certificate expired on or before March 31, 2021 till September 30, 2021

Due to current COVID-19 pandemic, DGFT has decided that Regional Authorities will not insist for valid Registration cum Membership Certificate expired on or before March 31, 2021 from applicants for…

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DGFT launches new online ‘Restricted Exports IT Module’ with effect from May 17, 2021

DGFT has introduced a new online module for filing of electronic, paperless applications for export authorizations with effect from 17.05.2021. All applicants seeking export authorization for restricted items may apply…

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Faceless Appeal Scheme – Shortcomings

The Faceless Appeal Scheme (FAS) was notified vide Notification Nos.3296(E) and 3297(E) both dated 25.9.2020 (with substantial repetition between the two notifications).The Faceless Appeal Scheme (FAS) was notified vide Notification…

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No customs duty recovery from Corporate Resolution Applicant if Corporate Resolution plan included customs duty

EXCISE/ST/VAT : In view of order in Ghanashyam Mishra amp; Sons (P.) Ltd. v. Edelweiss Asset Reconstruction Co. Ltd. [2021] 126 taxmann.com 132 (SC) that all dues including statutory dues…

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Approval u/s 31 of FERA to be obtained before foreign national alienates property in favour of a third party: HC

FEMA amp; BANKING: Section 31(1) of FERA does not require foreign national to obtain permission at time of entering into agreement for sale per se; material point of time for…

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