The Central Board of Indirect Taxes and Customs (CBIC) on June 1, 2020, allows the 24×7 clearance due to COVID-19 pandemic. The 24×7 clearance was brought in considering the surge or delay in the reach of customs during the COVID-19 pandemic. Since, the conditions are still worse considering the pandemic, the customs clearance date hasContinue reading “CBIC allows 24×7 clearance of customs under COVID-19 pandemic”
Tag Archives: Legal Updates
CBIC has extended the validity of AEO certificates till 30.06.2020
The Central Board of Indirect Taxes and Customs vide Circular dated 02.06.2020 has extended the validity of the AEO certificates for the ease of renewal process. The Validity of AEO certificates like AEO-T1, AEO-T2, AEO-T3 & AEO-LO has been extended. All the AEO certificates expiring between 01.03.2020 and 31.05.2020 shall remain valid till 30.06.2020, exceptContinue reading “CBIC has extended the validity of AEO certificates till 30.06.2020”
Frequently Asked Questions on Universal Account number and Know Your Customer
The Employees’ Provident Fund Organisation (EPFO) on April 13, 2020, issues Frequently Asked Questions on Universal Account Number (UAN) and Know Your Customer (KYC). The Questions are as under: 1. What is Universal Account Number (UAN)? 2. What is KYC? 3. How can the employer generate UAN for newly joined employees not having UAN? 4.Continue reading “Frequently Asked Questions on Universal Account number and Know Your Customer”
Curbing the menace of ragging in Higher Educational Institutions
The University Grants Commission (UGC) on June 27, 2019, has notified some recommendations and action steps which are required to be deployed in all institutions for curbing the menace of ragging in Higher Education Institutions. The UGC had notified a Regulation on Curbing the Menace of Ragging in Higher Education Institutions, 2009. These Regulations areContinue reading “Curbing the menace of ragging in Higher Educational Institutions”
CBIC notifies the enforcement of Section 128 of the Finance Act, 2020
The Central Board of Indirect Taxes and Customs (CBIC) on May 16, 2020, appoints May 18, 2020, as the date on which the provisions of section 128 of the Finance Act, 2020 will come into force, in order to bring amendment in Section 140 of Central Goods and Services Tax Act, which specifies transitional arrangements for input tax credit,Continue reading “CBIC notifies the enforcement of Section 128 of the Finance Act, 2020”
UGC requests HEIs to organize series of discussions on draft National Education Policy
The University Grants Commission (UGC) on July 04, 2019, has issued a letter requesting all the institutions to organize series of discussions on draft National Education Policy (NEP), 2019, followed by widespread dissemination of outcomes in different media platforms. The draft Policy is developed by a committee chaired by K.Kasturirangan to meet the changing dynamicsContinue reading “UGC requests HEIs to organize series of discussions on draft National Education Policy”
CBIC rescinds Circulars regarding deposit in and removal of goods from Customs Bonded warehouses in electronic sealing
The Central Board of Indirect Taxes and Customs (CBIC) on May 18, 2020, rescinds Circular No. 19/2018-Customs dates June 18, 2018 and Circular 10/2020-Customs dates February 07, 2020 regarding Radio Frequency Identification (RFID) sealing of goods to be deposited in or removed from Customs Bonded Warehouses. However, a comprehensive circular is under consideration and shall be soon placed inContinue reading “CBIC rescinds Circulars regarding deposit in and removal of goods from Customs Bonded warehouses in electronic sealing”
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