CBEC amends Bill of Entry norms to prescribe late charges
The Dollar Business Bureau The Central Board of Excise and Customs has amended the Bill of Entry (Electronic Integrated Declaration) Regulations and Bill of Entry (Forms) Regulations – a part of the Customs Act, 1962 - to prescribe late charges for delayed filing. The amendments have been made to prescribe a late charge for delayed filing of Bill of Entry. After the amendment, the importer will be required to present the bill of entry before the end of the next day after the aircraft or vessel or vehicle carrying the goods has arrived at a customs station at which such goods are to be cleared for home consumption or for warehousing. The free period for filing a bill of entry is till the ...
Centre to bring new laws to protect consumer interests: Union Minister
The Dollar Business Bureau In a move to address consumers’ concerns and protect their interests, the government will soon clear amendment bills of Consumers Protection Act and Bureau of Indian Standards (BIS) Act. The Union Minister of Consumer Affairs, Ram Vilas Paswan, said that the bills are currently lying with the cabinet. The government has plans to form the Consumer Protection Authority (CPA) which will have investigative and regulatory powers to deal with cases related to consumer rights. “The CPA will have investigative as well as powers to frame rules and will look into the matter of protecting consumer interests, while consumer courts will take care of individual grievances,” said the minister, according to reports. The CPA will also be ...
Foreign Exchange Management Regulations, 2014
Dated 14th October, 2014 | Copy of | Notification no. FEMA.322/RB-2014 | In exercise of the powers conferred by clause (a) of sub-section (3) of Section 6 and sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank hereby makes the following amendments in the Foreign Exchange Management (Transfer or Issue of Any Foreign Security) Regulations 2004 (Notification No. FEMA.120/RB-2004 dated July 7, 2004), as amended from time to time, (hereinafter called the Principal Regulations or the Notification), namely:- 1. Short Title & Commencement:- (i) These Regulations shall be called the Foreign Exchange Management (Transfer or Issue of Any Foreign Security) (Third Amendment) Regulations, 2014. (ii) They shall come into force from ...
Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Fifth Amendment) Regulations, 2014
Dated November 12, 2014 | Copy of | Notification No.FEMA.326/ RB-2014 In exercise of the powers conferred by clause (a) of sub-section (3) of Section 6 and sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank hereby makes the following amendments in the Foreign Exchange Management (Transfer or Issue of Any Foreign Security) Regulations, 2004 (Notification No. FEMA.120/RB-2004 dated July 7, 2004), as amended from time to time, (hereinafter called the Principal Regulations or the Notification) namely:- 1. Short Title & Commencement (i) These Regulations shall be called the Foreign Exchange Management (Transfer or Issue of Any Foreign Security) (Fifth Amendment) Regulations, 2014. (ii) They shall come into force from the ...
