TaxTMI 
TaxTMI 
Steps taken by Department of Financial Services with regard to Disruption on account of Corona Virus.
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....#39;s of DGFT 2. All EPCs /Commodity Boards Subject: Steps taken by Department of Financial Services (DFS) with regard to Disruption on account of Corona Virus. It is to bring to the notice of all concerned that Department of Financial Services (DFS) has issued the following instructions vide their OM No.12/01/2020-BO.II dated 04.03.2020 in view of situation arising due to Corona virus (c....
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....evelopment Authority of India (IRDAI) has been requested to assess/review the existing insurance products/policies so as to ensure risk cover against loss due to abnormal delay in delivery of shipments in the current scenario and that the terms and conditions of such policies may be allowed to be suitably modified wherever necessary. 2. All RA's/ All EPCs/Commodity Boards are therefore requ....
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.... This is with reference to the Department of Commerce (DoC)s DO No 30012/2/2020-FT (NEA) dated 19 02 2020 on the subject of the global disruption caused due to the Corona Virus infliction. 2. In this context, the following action taken by the Department of Financial Services (DFS) may kindly be taken note of: a) An interaction titled "Contextual Challenges and Opportunities in ....
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....y hassles for their trade related remittances. to clearly inform their customers about all the documents / procedural requirements in one go, and to accept self certifications in this regard wherever possible and applicable, so that their funds can be remitted without any problems due to procedural deficiencies; and to identify opportunities for import substitution / ramping up of p....