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SC stays FEMA proceedings against Natwar Singh and son (05 May 2008)
The Supreme Court today stayed the proceedings initiated by the Enforcement Directorate(ED) under Foreign Exchange Management Act(FEMA) against former External Affairs Minister Natwar Singh and his son Jagat Singh for their alleged involvement in the Oil-for-Food scam, which came to light through the Volcker Committee Report
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SC to hear Natwar Singh petition tomorrow (05 May 2008)
The Supreme Court will hear tomorrow the petitions filed by former External Affairs Minister Natwar Singh and his son Jagat Singh in oil-for-food scam which was exposed by the Volcker Committee Report.
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Customs Administration Conference concludes (17 Apr 2008)
The 12th World Customs Organization’s (WCO) Regional Heads of Customs Administrations Conference concluded here today. India had hosted the biennial Conference as the Regional Vice Chair of the WCO. I81 delegates from 22 Member countries of the WCO Asia Pacific Region, 10 delegates from various international and regional organizations attended the Conference. India is the current Vice Chair of the region since June 2006 for a period of 2 years.
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New export promotion council for telecom (11 Apr 2008)
Shri Kamal Nath, Union Minister of Commerce and Industry, has announced that the Information technology (IT) sector would be brought under the Special Focus Initiative this year.
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New export promotion council for telecom (11 Apr 2008)
Shri Kamal Nath, Union Minister of Commerce and Industry, has announced that the Information technology (IT) sector would be brought under the Special Focus Initiative this year.
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DGFT extends DEPB scheme (31 Mar 2008)
The Duty Entitlement Pass Book Scheme, considered among the most transparent exporter-friendly schemes, was valid for shipments upto 31-03-2008.
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Kamal Nath extends invitation to Turkish companies (18 Mar 2008)
Shri Kamal Nath, Union Minister of Commerce and Industry, has invited the Turkish Companies to explore the Indian markets and make investments, especially in the infrastructure sector as it has the promise of sustained high levels of returns, and added that Indian companies are also committed to make investments in Turkey.
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Kerala HC declines to stay ban on palm oil import (18 Mar 2008)
The Kerala High court has declined to stay a single judge order ratifying the ban on import of palm oil through ports in the state.
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Pawan Kumar Bansal details measures to encourage FII (14 Mar 2008)
There has been an increase in number of Foreign Institutional Investors (FIIs) and sub-accounts operating in the Indian stock markets. Over the last six months, their number has increased from 1100 FIIs and 3388 sub-accounts registered as at end September, 2007 to 1303 FIIs and 3877 sub-accounts as at end February, 2008, Pawan Kumar Bansal said, in response to a question raised by Harisinh Chavda in the Lok Sabha today
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Revenue Department to introduce Bank Realisation Certificate module on duty drawbacks (13 Mar 2008)
Under this module, the exporters will submit a certificate from the authorized dealer (s) providing details of shipment which remain outstanding beyond the prescribed time limit including the extended time, if any, allowed by the authorized dealer/RBI on quarterly basis. The status holders and other exporters who are permitted to realize export proceeds within a period of 12 months or more may submit these certificates once in six months.
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