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Cosmetic Rules 2020 | #Explainer | LawWiser | Phoenix Legal

#Watchnow LawWiser’s #Explainer where Ritika Ganju, Partner, Phoenix Legal, takes us through the “Cosmetic Rules, 2020”.

Cosmetics although a substantial industry has been regulated thus far alongside drugs under the provisions of the Drugs and Cosmetic Act, 1940. With a huge range of international brands and booming domestic cosmetic production, it became inevitable for the regulator to streamline the regulatory process and procedures separately for cosmetic industry.

The Cosmetic Rules, 2020, issued by the government under the provisions of the Drugs and Cosmetic Act is the first step for streamlining the processes dedicated to cosmetics.

Watch Ritika succinctly explaining the objective of these rules and when do the rules become effective and how they affect the validity of approval’s/licenses issued prior to the new rules becoming effective.

To understand this and much more, watch the full video on the link given below. #cosmetic #lawwiser #phoenixlegal #cosmeticrules2020 #cosmeticlaw #drugsandcosmeticsact #legalknowledge #explainervideo #law2022 #legal

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MSME Request Changes In Amendments of E-Commerce Rules

There have been amendments to e-commerce laws, such as the Consumer Protection (e-commerce) rules 2020.

However, the MSME sector based on issues faced by them have raised queries on these new provisions. Tune into the latest video where #LawWiser takes you through the #QuickByte on “MSME Request Changes in Amendments of E-Commerce Rules”.

In this video, Prabhjot Singh shares some insights related to issues of the MSME sector, such as, -tracking and restriction of sales -appointment of the Grievance officer concerning the online sales.

Watch this full video as he also shares, how the online platforms have become essential for MSMEs to stay afloat in the market.

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Closure of Plants in China – Opportunity for Indian MSME

China has experienced mass evacuation of foreign companies due to A mixture of longstanding issues and new challenges. It includes high tariffs, Covid-19, and increased geopolitical tensions. Moreover, the pace of companies leaving China is accelerating, causing a “ripple effect”.

Tune into this latest video where #LawWiser takes you through the quick byte on “Closure of plants in China: Opportunity for Indian MSMEs”

In this video, Aditi shares valuable insights in which she discusses some crucial points such as:-

🌐 MSME Sector in India

🌐 Why do MSME’s need a leg up in India

🌐 The Opportunity for MSME’s and the Country’s Economy

She tells us that India’s manufacturing share is nearly six percent. If MSMEs add another 10 percent, the country’s GDP will increase significantly, and this will help the country become a superpower.

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Key Regulations for MSME | MSME Regulations | LawWiser

Notably, India has seen imperative growth in the employment sector mainly because of MSME. If we go with statistics, there are 63.05 million micro industries, 0.33 million small enterprises, and nearly 5,000 medium enterprises. Tune into the latest video where #LawWiser takes you through the quick byte on “Key Regulations for MSME’s”. In this video, Prabhjot Singh shares some insights related to key regulations for MSME’s, such as

🔘 Laws of equal opportunity for all

🔘 Code on wages

🔘 Laws for the underprivileged sector

🔘 Code on Occupational safety, health and working conditions

🔘 Codes on social security He also shares, when these regulations were introduced and whether they have been notified.

Stay tuned with LawWiser for more such content

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EESL & MSME Tie-up

#Watch our latest video on LawWiser about the tie up between EESL & MSME.

The State-owned EESL (Energy Efficiency Services Limited) has collaborated with the Global Environmental Facility (GEF), MSME ministry, and the United Nations Industrial Development Organization (UNIDO) to implement a national project for MSME sector.

The project is aimed to deploy 35 energy efficient technologies which have maximum possibility of replication and potential to improve the energy productivity of fellow MSMEs units. #staytuned to #LawWiser for more such updates.

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Defective Products and Liability of E-Commerce Platform

Watch our new U-special video on Defective Products and Liability of E-Commerce Platform by Nidhi, a alumni of the Faculty of Law, Jamia Milia Islamia University.

Tune to watch as Nidhi explains the concept of Defective products and liability of e-commerce. She discussed inclusion of e-commerce under the ambit of the Consumer Protection Act, 2019 and Consumer Protection E-commerce Rules, 2020. She further highlights rulings of different Consumer dispute redressal commissions to understand their views on e-commerce liability.

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Hoarding and Black Marketing of COVID Vaccine and Live Saving Drugs

Today’s topic is one of the most trending and important topics over 2 years – Hoarding and Black Marketing of COVID Vaccine and Live Saving Drugs. Mohsin khan is an Alumnus of Faculty of law, Jamia Millia Islamia. He has a keen Interest in Tax Law. #TuneIn as Mohsin explains the Issue of GST on Vaccines and Covid Drugs/ life-saving drugs.

Lifesaving drugs includes vaccine and other important drugs that may become important depending on their need during an outbreak of disease or virus such as COVID. The supply of life saving drugs is taxable under Section 7 of the CGST Act 2017.

He highlights the recent GST council meetings held and the contentions raised in the PIL on the said issue. #Tune in to watch the video on the Hoarding of essential commodities, remedies and prosecution by Mohsin Khan, Alumni of Faculty of law, Jamia Millia Islamia. Watch Mohsin explain the Issue of GST on Vaccines and Covid Drugs/life-saving drugs. During the second wave of the pandemic, the need for proper regulation of COVID-related drugs and vaccines was highlighted.

Lifesaving drugs include vaccines and other important drugs that may become important, depending on their needs during an outbreak of diseases or viruses such as COVID. The supply of these lifesaving drugs is taxable under Section 7 of the CGST Act 2017. He also highlighted the GST council meetings, decisions on these essential commodities and the contentions raised in the PIL on this issue.

Watch more such exciting videos on LawWiser

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GST Updates 2021 – Ecommerce Operators | In A Minute

#Watchnow #Inaminute video where Jatin Arora, Partner, Phoenix Legal takes us through this GST Council update in relation to e-commerce operators.

GST Updates 2021 – In the 45th GST Council meeting, it was decided to shift the burden of tax on the restaurant services to e-commerce operators like #Swiggy#Zomato through whom these services are delivered. In the video, Jatin quickly explains what this update is about and the impact that it is likely to have on e-commerce operators.

He takes us through the details that this is not a new tax introduced on e-commerce operators. The restaurant charges 5% GST on their supplies. Also, the e-commerce operators pay 18% GST on the commission earned by them.

This will be in effect from 1st January 2022 and instead of the restaurants, the e-commerce operators will charge the tax on the food supplies. The e-commerce operators will charge GST on every supply that they will make, irrespective of whether the restaurant supplying the food is exempt from GST or not. This means there will be additional burden on compliance side for restaurants. The e-commerce operators will also have to do changes in their software to accommodate this change and do additional compliance.

An important issue to be considered is that the restaurants are not eligible to avail input tax credit (ITC) for their supplies. Whereas the e-commerce operators do avail ITC. For more clarity on these points, we need to watch out for the notifications issued by the government.

Stay tuned for more GST updates happening in 2021

Watch more Amazing content at – Lawwiser.com

To get featured in more such conversations, write us on [email protected]

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Karnataka Draft Bill : BAN on online gambling? | LawWiser Shorts

The Karnataka government has decided to impose a ban on online gambling or betting. However, lottery and horse racing have not been prohibited. These amendments will be made to the Karnataka Police Act, 1963.

The draft of the Karnataka Police (Amendment) Bill, 2021, is yet to be available publicly. #Watchnow #LawWiserShorts on Karnataka Draft Bill: Online Gaming by Srinivas Kotni, Founder and Managing Partner, Lexport. He shares his views on the Karnataka government’s proposal to ban online gambling by amending the Karnataka Police Act.

The state government has also announced imposing penalties and arrests in cases of violation of these proposed rules. It is expected that there would be a balance in the distinction between the game of skill and the game of chance. As many start-ups are venturing into online games of skill and are also seeking investments for the same. A blanket ban would impact this sector hugely in terms of investment and employment as well.

However, various courts have repeatedly held that games of skill would not be covered under gambling and they cannot be outright prohibited. The sector is seeking proper regulation of online gaming including online gambling. Once the draft bill is made public more information on the provisions would clarify any doubts.

Watch more Amazing content at – Lawwiser.com

To get featured in more such conversations, write us on [email protected]

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PLI (Production Linked Incentive) Scheme – Textile Industry

Production Linked Incentive is also commonly known as PLI scheme. This PLI scheme offers incentives on incremental sales from items produced in India over the base year. Apart from scaling up local production, the scheme also seeks to curb cheaper imports and reduce import bills.

#Watch LawWiser Shorts, where Mukund P Unny, Advocate, Supreme Court of India, shares his quick take on the PLI scheme for the textile industry.

The PLI scheme for textile has been given cabinet clearance and this scheme is slated to improve business in the textile industry in a big way. Interestingly, the purport of the scheme is limited to just man-made fibres, apparel.

He shares that the total budgeted outlay is around 10,000 crore and the government has designed the scheme to try and ensure that there is a recovery in textile production in India. The scheme seeks to help those industries that invest in the production of 64 select products.

The scheme is for two types of investments. One- there should be a minimum of ₹300 crore investment in plant, machinery, equipment. That investment must translate into a minimum turnover of ₹600 crores once it commences operation. Second, there should be a minimum investment of ₹100 crores, and eventually, this company should achieve a minimum turnover of ₹200 crores.

Thus, the incentive is based on a combination of investment and turnover. The incentives will be paid for five years after the first year of post-investment operation. The textile industry is human resource-oriented in great deal, and it will be in job creation in this segment.

Watch this to know more on #PLIscheme for #textileindustry in India. To get featured in more such conversations, write us on [email protected]

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