Agriculture Export Policy, 2018 – India

pulses

The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the Agriculture Export Policy, 2018 on 6th Dec 2018 [ Reference Press release ]. In order to provide an impetus to agricultural exports, the Government has come out with a comprehensive “Agriculture Export Policy” aimed at doubling the agricultural exports and integrating Indian … Read more

Foreign Direct Investments ( FDI ) in India for Agriculture, Animal Husbandry and Plantations

fdi

As per Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Second Amendment) Regulations, 2016, Notification No.FEMA.362/2016-RB, February 15, 2016, Issued by Reserve Bank of India, details of Foreign Direct Investments ( FDI ) in India for Agriculture, Animal Husbandry and Plantations are as below, 1. Agriculture & Animal Husbandry … Read more

Rule 7A of income tax act – Income from the manufacture of rubber

Rubber

7A.[(1) Income derived from the sale of centrifuged latex or cenex or latex based crepes (such as pale latex crepe) or brown crepes (such as estate brown crepe, remilled crepe, smoked blanket crepe or flat bark crepe) or technically specified block rubbers manufactured or processed from field latex or coagulum obtained from rubber plants grown … Read more

Rule 7 of income tax act – Income which is partially agricultural and partially from business .

income-tax

7 . (1)In the case of income which is partially agricultural income as defined in section 2 and partially income chargeable to income-tax under the head “Profits and gains of business”, in determining that part which is chargeable to income-tax the market value of any agricultural produce which has been raised by the assessee or … Read more

What is Eco-Sensitive Zones (ESZs) or Ecologically Fragile Areas (EFAs) ?

Eco

Eco-Sensitive Zones (ESZs) or Ecologically Fragile Areas (EFAs) are areas notified by the Ministry of Environment, Forests and Climate Change (MoEFCC), Government of India around Protected Areas , National Parks and Wildlife Sanctuaries. The purpose of declaring ESZs is to create some kind of “shock absorbers” to the protected areas by regulating and managing the … Read more

List of NABL Accredited Food Testing Laboratories

fssai

New Delhi Arbro Pharmaceuticals Limited, DelhiAvon Food Lab Private Limited, DelhiBharat Test House, DelhiDelhi Test House, DelhiEurofins Analytical Services India Pvt. Ltd., New DelhiFair Quality Institute (Food Analysis & Industrial Research Quality Institute) New DelhiFICCI Research and Analysis Centre, New DelhiITL Labs Private Limited, New DelhiMicrochem Silliker Private Limited, New DelhiQuality Services  & Laboratories, New … Read more

Fssai, Food Safety and Standards Act, 2006

The Food Safety and Standards Authority of India (FSSAI) has been established under Food Safety and Standards Act, 2006 which consolidates various acts & orders that have hitherto handled food related issues in various Ministries and Departments. FSSAI has been created for laying down science based standards for articles of food and to regulate their … Read more

Rule 7b of income tax act – Income from the manufacture of coffee

Coffee

7B. [(1) Income derived from the sale of coffee grown and cured by the seller in India shall be computed as if it were income derived from business, and twenty-five per cent of such income shall be deemed to be income liable to tax. (1A) Income derived from the sale of coffee grown, cured, roasted … Read more

Rule 8 of income tax act –Income from the manufacture of tea

tea

8. (1) Income derived from the sale of tea grown and manufactured by the seller in India shall be computed as if it were income derived from business, and forty per cent of such income shall be deemed to be income liable to tax. (2) In computing such income an allowance shall be made in … Read more