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Law Updates

Subject: DGFT Bans Import of Drones in India
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.

Department: DGFT Authority: DGFT 2022-02-28
Subject: Guidelines for exemption of Hallmarking for Jewlery
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
Department: BIS Authority: BIS 2022-02-24
Subject: MASTER DIRECTION - KNOW YOUR CUSTOMER (KYC) DIRECTION, 2016
Summary : %3Cp%3EMASTER+DIRECTION+-+KNOW+YOUR+CUSTOMER+%28KYC%29+DIRECTION%2C+2016%3C%2Fp%3E%3Cp%3E%3Cspan%3E%E2%80%9CTwo+things+are+infinite%3A+the+universe+and+human+stupidity%3B+and+I%27m+not+sure+about+the+universe.%E2%80%9D%3C%2Fspan%3E%3Cbr%3E%3C%2Fp%3E
Department: RBI Master Directions Authority: RBI 2021-09-06
Subject: PATENT (AMENDMENT) RULES, 2016
Summary : PATENT (AMENDMENT) RULES, 2016
Department: Rules Authority: DIPP 2021-09-06
Subject: MASTER DIRECTION- NON-BANKING FINANCIAL COMPANY RETURNS (RESERVE BANK) DIRECTIONS, 2016
Summary : MASTER DIRECTION- NON-BANKING FINANCIAL COMPANY RETURNS (RESERVE BANK) DIRECTIONS, 2016
Department: RBI Master Directions Authority: RBI 2021-09-06
Subject: RUPEE DRAWING ARRANGEMENT - TRADE RELATED REMITTANCE LIMIT
Summary : RUPEE DRAWING ARRANGEMENT - TRADE RELATED REMITTANCE LIMIT
Department: FDI Circular Authority: RBI 2021-09-06

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