Ministry of Commerce and Industry

17.11.2022

Commercial

Export of Red Sanders wood by Forest Environment and Climate Change Department, Government of Odisha

MANU/DGFT/0190/2022

1.In exercise of powers conferred by Section 3 read with Section 5 of the foreign Trade (Development & Regulation) Act, 1992 (No. 22 of 1992), as amended read with para 1.02 and Para 2.01 of the Foreign Trade Policy, 2015-20, the Central Government hereby makes amendment in Notification No. 35/2015-20 dated 07.10.2021.

2. The Forest Environment & Climate Change Department, Government of Odisha shall finalize the modalities for export of the Red Sanders Heart Wood in log form and shall complete the whole process of export latest by 6th October, 2023.

3. Other provisions of Notification No. 35/2015-20 dated 07.10.2021 shall remain unchanged.

4. Effect of this notification:

Forest Environment & Climate Change Department, Government of Odisha has been allowed time upto 06.10.2023 to finalize the modalities for export of the Red Sanders Heart Wood in log form.

Tags : Export Red Sanders wood Amendment

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Ministry of Commerce and Industry

17.11.2022

Customs

Relief in Average Export Obligation in terms of the para 5.19 of Hand Book of Procedures (HBP) of FTP 2015-20

MANU/DGFT/0191/2022

1. The para 5.19 of the HBP of the FTP 2015-20 (extended upto 31.03.2023) envisages that to provide relief to exporters of those sectors where total exports in that sector/product group has declined by more than 5% as compared to the previous year, the Average Export Obligation for the year may be reduced proportionate to reduction in exports of that particular sector/product group during the relevant year as against the preceding year. This implies that the sector/product group that witnessed such decline in 2021-22 as compared 2020-21 would be entitled for such relief. Accordingly, the following list is annexed:-

Annexure-I-A list of such product groups showing the percentage decline in exports during 2021-22 as compared to 2020-21.

2. All Regional Offices arc requested to re-fix the Annual average export obligation for EPCG Authorizations for the year 2021-22 accordingly. Reduction, if any, in the EO should be appropriately endorsed in the licence file of the Office of RA as also in the amendment sheet to be issued to the EPCG Authorisation holder.

3. Regional Offices while considering requests of discharge of Export Obligation will ensure that in case of shortfall in Export Obligation fulfilment, Policy Circulars issued earlier in terms of Para 5.11.2 of HBP 2009-14 and Para 5.19 of HBP of FTP 2015-20 are also considered before issuance of demand notice, EODC etc. This stipulation should be part of Check-Sheet for the purpose of EODC.

4. This issues with the approval of Director General of Foreign Trade.

Tags : Relief Export Obligation FTP

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Securities and Exchange Board of India

17.11.2022

Capital Market

Scheme(s) of Arrangement by entities who have listed their Non-convertible Debt securities (NCDs)/Non-convertible Redeemable Preference shares

MANU/SSMD/0047/2022

1. The SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (hereinafter referred to as "Listing Regulations") was amended vide notification dated November 14, 2022, through insertion of Regulation 59A and 94A with respect to Scheme(s) of Arrangement by entities who have listed their NCDs/NCRPS.

2. The newly inserted Regulation 59A of the Listing Regulations provides that the listed entity that has listed NCDs or NCRPS, which intends to undertake a scheme of arrangement or is involved in a scheme of arrangement shall file the draft scheme with Stock Exchange(s) for obtaining the No-Objection Letter, before filing such scheme with any court or Tribunal. Regulation 94 of the Listing Regulations requires the designated Stock Exchange to forward such draft schemes to SEBI in the manner prescribed by SEBI.

3. It is pertinent to note that Regulation 11 of the Listing Regulations, inter-alia, provides that any scheme of arrangement/amalgamation/merger/reconstruction/reduction of capital etc. to be presented to any Court or Tribunal, does not in any way violate, override or limit the provisions of securities laws or requirements of the Stock Exchanges.

4. This circular contains the operational aspects with reference to scheme(s) of arrangement by entities who have listed their NCDs/NCRPS. The details of the requirements to be complied with are given in Annex-I.

5. Applicability: Chapter XV of the Companies Act, 2013 deals with compromises, arrangements and amalgamations by companies. This circular is applicable to all listed entities that have listed NCDs/NCRPS and intend to undertake or are involved in a scheme of arrangement as per Chapter XV of the Companies Act, 2013. The provisions of this circular shall be applicable with immediate effect.

6. An entity that has listed only NCDs/NCRPS, shall file the draft scheme of arrangement in terms of Regulation 59A alongwith fees as specified in Clause 2 of Schedule XI of the Listing Regulations.

7. In case an entity has listed both specified securities and NCDs/NCRPS, a single filing of the draft scheme of arrangement in terms of Regulations 37 and 59A of the Listing Regulations would suffice. However, fees shall be paid in terms of clause 1 of Schedule XI of the Listing Regulations.

8. The Stock Exchanges are advised to bring the provisions of this circular to the notice of listed entities and also to disseminate the same on their websites.

9. The provisions of this circular shall be inserted as Chapter VIA of the LODR Operational Circular dated July 29, 2022.

Tags : Scheme Arrangement Entities

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Press Information Bureau

16.11.2022

Media and Communication

NCW launches Digital Shakti 4.0 focussing on making women digitally skilled and aware

MANU/PIBU/4310/2022

The National Commission for Women (NCW) launched the fourth phase of Digital Shakti Campaign, a pan-India project on digitally empowering and skilling women and girls in the cyberspace, yesterday. In line with its commitment to create safe spaces for women and girls online, Digital Shakti 4.0 is focused on making women digitally skilled and aware to stand up against any illegal/inappropriate activity online. NCW launched it in collaboration with CyberPeace Foundation and Meta.

While addressing the audience Smt. Rekha Sharma, Chairperson, NCW mentioned the continuous efforts of the Commission for empowering women in every sphere across the nation. She said, "This new phase will prove to be a milestone in ensuring safe cyber spaces for women. Digital Shakti has been accelerating the digital participation of women and girls by training them to use technology to their advantage and to keep themselves safe online. I believe the project will continue to contribute towards the larger goal of fighting cyber violence against women and girls and make internet a safer space for them."

Smt. Rekha Sharma, Chairperson, NCW addressing at the launch the fourth phase of Digital Shakti Campaign

The launch was followed by an interactive panel discussion on "Safe Spaces Online Combatting Cyber-enabled Human Trafficking & Combatting Other forms of Online Violence" in order to provide keen opinions from experts from the Industry, Government, and Academia to address the issue of online women safety from all tangents and provide whole approach to ensure better women safety online.

Padma Shri Sunitha Krishnan, General Secretary, Prajwala, Mr. Ashutosh Pande, Senior Research Officer, NCW, Pavan Duggal, Advocate Supreme Court of India and Advisor, CPF, Veerendra Mishra, AIG, SISF, Madhya Pradesh Police and Advisor, NCW, Preeti Chauhan, Director-Operations, CPF participated in the discussion.

Digital Shakti started in June 2018 to help women across the nation to raise the awareness level on the digital front, to build resilience, and fight cyber-crime in the most effective ways. Through this project, over 3 Lakh women across India have been made aware of cyber safety tips and tricks, reporting & redressal mechanisms, data privacy and usage of technology for their benefits.

The third phase of the program was started in March 2021 with the Launch at Leh by NCW Chairperson in the presence of Lieutenant Governor Shri Radha Krishna Mathur & Jamyang Tsering Namgyal, MP, Ladakh. In the third phase, a Resource Center was also developed under the project to provide information on all the avenues of reporting in case a woman faces any cyber crime.

Tags : Launch Digital Shakti Fourth phase

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Ministry of Commerce and Industry

16.11.2022

Civil

Allocation of quantity 5841 MT Sugar by EU for export from India for the year 2022-23 and allocation of quantity 8606 MTRV raw cane sugar by USA for export from India for US fiscal year 2023

MANU/DGFT/0189/2022

1. In exercise of the powers conferred under Paragraphs 2.04 of the Foreign Trade Policy, 2015-2020, the Director General of Foreign Trade hereby allocates quantity of 5841 MT for export of raw/refined Sugar to EU under TRQ for the year 2022-23 and also allocates quantity of 8606 MTRV for export of raw cane sugar to USA under TRQ scheme for US fiscal year 2023.

2. As per Notification No. 3/2015-20 dated 20.04.2015, export of sugar (HS Code 17010000) to USA and EU under TRQ is 'Free' subject to the conditions notified in the 'Nature of Restrictions' in the above notification.

3. Certificate of Origin, if required, for preferential export of sugar to USA and EU, shall be issued by Additional Director General of Foreign Trade, Mumbai on recommendation of APEDA regarding entity and quantity for which eligible. Other certification requirement, if any, prescribed specifically for export of sugar to USA and EU would continue to be followed.

4. The quota will be operated by Agriculture and Processed Food Products Export Development Authority (APEDA), New Delhi as the implementing agency for export of TRQ items to EU and USA.

5. The reporting requirement as notified vide Notification No. 3/2015-2020 dated 20.04.2015 read with Notification No. 20 dated 07.09.2015 would be followed.

6. Effect of this Public Notice:

The quantity of 5841 MT (raw/refined) Sugar to be exported to EU and quantity of 8606 MTRV raw cane sugar to be exported to USA under TRQ scheme from 01.10.2022 to 30.09.2023 has been notified.

Tags : Allocation Quantity Sugar

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Ministry of Commerce and Industry

14.11.2022

Customs

Central Government recognizes Export Inspection Agencies as Inspection Agencies for inspection of common salt prior to its export

MANU/COMM/0204/2022

In exercise of the powers conferred by section 7 of the Export (Quality Control and Inspection Act), 1963 (22 of 1963) and in supersession of the notification of the Government of India in the erstwhile Ministry of Commerce, published in the Gazette of India Part II, section 3 Sub-section (ii), vide number S.O. 2192 dated 2nd July, 1977, except as respect things done or omitted to be done before such supersession, the Central Government hereby recognizes Export Inspection Agencies as Inspection Agencies for inspection of common salt prior to its export.

Explanation.- In this notification, "common salt" means salt obtained from sea-brine, borewell-brine or lake-brine either in the crude or refined form.

Tags : Export Inspection Agencies Recognition

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