Law Updates

Subject

Summary: The GOI of India on 13th April released an official notification stating that the customs duty on the import of cotton will be removed till 30th September 2022. This will not only help boost our manufacturing and exports but also bring down prices benefiting consumers.   [TO BE PUBLISHED IN GAZETTE OF INDIA, EXTRAORDINARY, PART ||, SECTION 3, SUB-SECTION (1)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) New Delhi, the 13th of April 2022                  G.S.R.   (E). In exercise of the powers conferred by sub-section (1) of section 25 of the customs Act, 1962 (52 of 1962) and section 124 of the finance Act, 2021 (13 of 2021) (hereinafter referred to as the said section), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts goods of the description specified in column (3) of the Table below and falling within the Chapter, heading, sub-heading or tariff item of the First Schedule to the Customs Tariff Act, 1975, (51 of 1975) as specified in column (2) of the said Table, when imported into India, from so Much of the duty of customs leviable thereon under the First Schedule to the Customs Tariff Act, 1975 (51 of 1975),  as is in excess of the amount calculated at the standard rate specified in the corresponding entry in column (4) of the said Table and from so much of the Agriculture Infrastructure and Development Cass (hereinafter referred to as AIDC) leviable thereon Under the said section, as is in excess of the amount calculated at the rate specified in column (5) of the said Table, namely:-

Subject

Summary: The registration department of BIS has issued an amendment notification to the existing original circular published on Oct 1st, 2020, with the subject ‘’Regarding Test Reports and documents submitted by the applicant for grant of registration/inclusion”. The following are the details updated in the amendment notification which shall be taken care of before filing the application/inclusion in the BIS portal. Additional 16 Product categories notified under phase V, Ministry of Heavy Industry and Public Enterprise & Ministry of Chemical & Fertilizer have been updated in Annexure-2 list. For product category “FIXED GENERAL-PURPOSE LED LUMINAIRES”: A total of 10 models can be incorporated in a single test report as earlier 20 models were the limit. For the product category “AC OR DC SUPPLIED ELECTRONIC CONTRLOGEAR FOR LED MODULES” it has been again clarified that single registration will be required. However, test report/submission of a single type/product either AC supplied control gear or DC supplied control gear shall be accepted at a time. For the product category “UPS/Inverter” it has been again clarified that single registration will be required. However, test report/submission of a single type/product either UPS or Inverter shall be accepted at a time. For the product category “Power Inverters for use in photovoltaic power system” separate registration will be required for Photovoltaic power inverters and grid-connected Photovoltaic inverters. Earlier, the types of inverters were not mentioned. For the product category “Wireless Headphone & Earphone” it has been clarified again that separate registration will be required for wireless headphones and earphones. For the product category “Wireless Headphone & Earphone” it has been clarified again that separate registration will be required for wireless headphones and earphones both For phase V products, a single license will be required for each category. For low switchgear products, series guidelines are currently under preparation. For “Orthophosphoric acid” single registration will be required for all varieties of Orthophosphoric acids.

Subject

Summary: In the recent update from BIS regarding the revised fee structure for the hallmarking of Gold and Silver articles.  The department levied off  Rs. 4.5/-  on  gold articles  and minimum marking fees for a consignment reduced by  Rs. 20/- Similarly, the department levied off  Rs. 3.5/-  on  silver article  and minimum marking fees for a consignment reduced by  Rs. 15/- The Bureau of Indian Standard (Hallmarking) Amendment Regulations.2022 will be applicable from the date of publication of the official gazette that is 8th March 2022.

Subject

Summary: Food Safety and Standard Authority of India (FSSAI) will introduce a new health star rating (HSR) Under this, the packaged food products in India will soon be labelled officially with this HSR The rating will be the first such in India The objective of the HSR format is to guide consumers to opt for healthy food. The HSR format will rank packaged food items based on salt, sugar and fat content and the rating will be printed on the front of the package Indian Institute of Management Ahmedabad recommended HSR as the most preferred format by Indian consumers under a new policy on front of Packaging Labeling in India

Subject

Summary: In the recent notification released by DGFT, the Import of Drones in India in a Completely-Built-Up (CBU), Semi-knocked-down (SKD), or Completely-Knocked-down (CKD) form is Prohibited. However certain exemptions have been listed in the notification as listed below, Import of drones for R&D purposes in CBU, SKD, and CKD form. Import of drones by GOI for defense and security in CBU, SKD, and CKD form.

Subject

Summary: In the recent notification released by the Bureau of Indian Standard, the requirement of hallmarking is exempted for gold and silver jewelry under certain circumstances.   As per the notification the hallmarking is exempted under the following conditions Exports related transactions Gold articles meant for export and re-import as per trade policy of the Government of India Gold articles meant for international exhibitions Gold articles meant for domestic business to business exhibitions approved by the Government ‘Kundan’, ‘Jadau’,and ‘Polki’ Jewelry are exempted. For any further queries, reach us out at  www.corpseed.com