IMMORTAL
Workplace Privacy:
The Reality
Mediation in
Infringement
Children: Tiny Humans
Not Commodities
Amendments to Oilfields Act
Liabilities of Landowners in a JV
Arms Control: A New START
There is urgent need for enacting effective laws relating to workplace privacy to define lines between monitoring work and invasion of personal employee data.
There are varying opinions on mediation as prerequisite to commercial disputes especially in trademark infringement cases where time is of essence.
The SC Judgment deals with child sexual abuse and exploitation with an iron hand and sensitive perspective.
Recently, the Ministry of Petroleum introduced the Oilfields amendment Bill with the objective of streamlining the provisions of the Oilfields (Regulation and Development) Act, 1948.
The latest set of circulars and notifications brought out by the MCA, FEMA, SEBI & RBI.
Circulars
Nil
Notifications
Nil
Circulars
6th September 2024
Modification in the timeline for submission of status regarding payment obligations to the stock exchanges by entities that have listed commercial paper
11th September 2024
Allowing securities funded through cash collateral as maintenance margin for Margin Trading Facility (MTF)
12th September 2024
Modifications in Guidelines for Business Continuity Plan (BCP) and Disaster Recovery (DR) of Market Infrastructure Institutions (MIIs)
13th September 2024
Optional mechanism for fee collection by SEBI registered Investment Advisers (IAs) and Research Analysts (RAs)
13th September 2024
Reporting by Foreign Venture Capital Investors
16th September 2024
Enabling T+2 trading of Bonus shares where T is the record date
19th September 2024
Modification in framework for valuation of investment portfolio of AIFs
20th September 2024
Flexibility in participation of Mutual Funds in Credit Default Swaps (CDS)
24th September 2024
Usage of UPI by individual investors for making an application in public issue of securities through intermediaries
24th September 2024
Parameters for Performance Evaluation of Market Infrastructure Institutions
26th September 2024
Operational Guidelines for Foreign Venture Capital Investors (FVCIs) and Designated Depository Participants (DDPs)
Notifications
Nil
Circulars
Nil
Notifications
2nd September 2024
Review of Extant Instructions – Withdrawal of Circulars
6th September 2024
Liberalised Remittance Scheme (LRS) for Resident Individuals-Discontinuation of Reporting of monthly return
19th September 2024
Implementation of Section 12A of the Weapons of Mass Destruction and their Delivery Systems (Prohibition of Unlawful Activities) Act, 2005: Designated List (Amendments)
20th September 2024
Interest Equalization Scheme (IES) on Pre and Post Shipment Rupee Export Credit
30th September 2024
Gold loans – Irregular practices observed in grant of loans against pledge of gold ornaments and jewellery
Notifications
Nil
Circulars
29th September 2024
Circular No. 10/2024: Extension of timelines for filing of various reports of audit for the Assessment Year 2024-25
Notifications
18th September 2024
Notification No.102/2024 [F.No. 203/12/2024/ITA-II] / SO 3961(E):
19th September 2024
Notification No. 103/2024 [F.No. 370142/17/2024/TPL] / SO 4016(E):
20th September 2024
Notification No. 104/2024 [F. No. 370142/16/2024-TPL] / GSR 584(E):
27th September 2024
Notification No. 105/2024 [F. No. 370142/16/2024-TPL] / GSR 601(E):
30th September 2024
Notification No. 4/2024 – Procedure for making declaration and furnishing undertaking in Form-1 under Rule 4 of The Direct Tax Vivad Se Vishwas Rules, 2024.
Circulars
11th September 2024
230/24/2024-GST – Clarification in respect of advertising services provided to foreign clients.
11th September 2024
231/25/2024-GST – Clarification on availability of input tax credit in respect of demo vehicles.
11th September 2024
232/26/2024-GST – Clarification on place of supply of data hosting services provided by service providers located in India to cloud computing service providers located outside India.
11th September 2024
233/27/2024-GST – Clarification regarding regularization of refund of IGST availed in contravention of rule 96(10) of CGST Rules, 2017, in cases where the exporters had imported certain inputs without payment of integrated taxes and compensation cess.
Notifications
27th September 2024
17/2024 – Central Tax – Seeks to notify the provisions of Finance (No. 2) Act, 2024
Circulars
Nil
Notifications
A. Tariff
6th September 2024
42/2024-Customs – Seeks to rescind Notification No. 26/2011-Customs, dated 01.03.2011
13th September 2024
43/2024-Customs – Seeks to extend the specified condition of exemption to imports of Yellow Peas (HS 0713 10 10) to bill of lading issued on or before 31.12.2024
27th September 2024
Seeks to amend Export Duty on Certain Varieties of rice
30th September 2024
Seeks to amend the various Customs notifications in order to align the HS Codes of the said notifications with the Finance Act, 2024, w.e.f. 01.10.2024
B. Non-Tariff
4th September 2024
58/2024-Customs (N.T.) – Appointment of Common Adjudicating Authority i.r.o. M/s Zenlayer Inc.
5th September 2024
59/2024-Customs (N.T.) – Appointment of Common Adjudicating Authority i.r.o. M/s D K Biopharma Pvt. Ltd
12th September 2024
60/2024-Customs (N.T.) – The Courier Imports and Exports (Electronic Declaration and Processing) Amendment Regulations, 2024
13th September 2024
61/2024-CUSTOMS (N.T.) – Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver
19th September 2024
62/2024-Customs (N.T.) – Amendment of Note 3 of Chapter 98 in the First Schedule to the Customs Tariff Act, 1975
26th September 2024
63/2024-CUSTOMS (N.T.) – Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver
30th September 2024
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg
C. ANTI-DUMPING
27th September 2024
Seeks to impose anti-dumping duty on imports of “Anodized Aluminium Frames for Solar Panels/Modules” originating in or exported from China PR.
D. Circulars
4th September 2024
13/2024-Customs – Implementation of automation in the Customs (Import of Goods at Concessional Rate of Duty or for Specified End Use) Rules, 2022 in respect of EOUs– reg.
12th September 2024
l5/202,1-Customs – Extending export related benefits made through courier made through reg
17th September 2024
16/2024-Customs – Implementation of automation in the Customs (Import of Goods at Concessional Rate of Duty or for Specified End Use) Rules, 2022 in respect of EOUs– reg.
18th September 2024
l7/2024-Customs – Amendment of Circular 07/2024-Customs to further ease the process of publication of automated exchange rate-reg
23rd September 2024
18/2024-Customs – Classifications of laboratory chemicals – reg
Notifications
2nd September 2024
22/2024-Central Excise – Seeks to amend No. 18/2022-Central Excise, dated the 19th July, 2022 to exempt export of ATF from the Special Additional Excise Duty when exported to Bhutan.
2nd September 2024
23/2024-Central Excise – Seeks to amend No. 04/2022-Central Excise, dated the 1 30th June , 2022 to exempt export of Petrol and Diesel from the Special Additional Excise Duty when exported to Bhutan.
2nd September 2024
24/2024-Central Excise – Seeks to amend No. 10/2022-Central Excise, dated the 30th June , 2022 to exempt export of Petrol and Diesel from the RIC when exported to Bhutan.
17th September 2024
25/2024-Central Excise – Seeks to amend No. 18/2022-Central Excise, dated the 19th July, 2022 to reduce the Special Additional Excise Duty on production of Petroleum Crude.
Circulars
Nil
A verdict by the Supreme Court on landowners liability in JVs provides much needed clarity on the role, responsibility and liabilities of landowners and builders in JVAs.
The Oilfields (Regulation and Development) Act, 1948 is an important legislation governing petroleum oilfields and
developments of other mineral oils.
The START treaty becomes mor relevant as the race to arms control has gained traction with recent wars.
A visit to Athens can be ‘heel’ing!
Keep the love for heels outside Greece! Tourists planning to visit Greece have been warned to pay attention to their choice of footwear when exploring Greece. A wrong choice will land them fine. It is illegal to wear high heels while exploring ancient monuments like Parthenon and the Acropolis in Athens since 2009 to preserve the sites from any kind of distrust or damage.
The spirit behind festivals – togetherness
With the onset of season of festivals, the festive spirit is unmissable. Festivals usually denote splash of colour, excitement, spirituality, rituals and great food (a festival in itself!). However, at the core of any festival across the world is the simple yet profound joy of being with family and friends, love, laughter, fun banter and above all the sense of comfort and belonging. At the society level, it envisages the sense of compassion, help and generosity when communities reach out to the less privileged and make them participate in festivals. Indian festivals in particular are a powerful symbol of family reunions, faith and oneness. So go all out and celebrate festival, celebrate family. Worth a thought.