Bank should inform the customer immediately on breaching minimum balance before charging the minimum balance charges – RBI notification

RBI has issued a notification which makes the banks mandatory to inform the customer immediately on the balance in the account breaching minimum balance and the applicable penal charges for not maintaining the balance by way of SMS/Email/letter. When the minimum balance is not maintained within one … [Read more...]

It is mandatory to notify the details of Import of chemicals listed at Category 1A, 1B & 1C of Appendix 3 (SCOMET list) to Schedule 2 of ITC (HS) – DGFT Notification

The Director General of Foreign Trade (DGFT) has issued the notification import of chemicals listed at Category 1A, 1B & 1C of Appendix 3 (SCOMET list) to Schedule 2 of ITC (HS). The notification makes it mandatory for the importers of chemicals listed at Category 1A, 1B & 1C of Appendix 3 … [Read more...]