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Archive: 03 November 2020

Posts in 03 November 2020

Scheme for Rebate of State Levies (RoSL)

November 3, 2020 15354 Views 0 comment Print

As you are aware, Government had notified the scheme for Rebate of State Levies (RoSL) to mitigate the incidence of State VAT and other State taxes on export of garments and made-ups (falling under Chapters 61, 62 and 63 of AIR schedule of duty drawback). In this regard, Ministry of Textiles (MoT)’s various notifications mentioned in Board’s Circulars no. 43/2016-Customs dated 31.08.2016 and no. 8/2017-Customs dated 20.03.2017 may be seen.

Transfer/ posting of 19 Officers by CBIC wef 3rd November, 2020

November 3, 2020 2967 Views 0 comment Print

Office Order No. 124/2020 With the approval of Competent Authority, the following transfer and posting in the grade of Pr. Chief Commissioner/ Pr. Director General/Chief Commissioner/Director General of Customs & Central Excise, is hereby ordered with immediate effect and until further orders:-

ICAI Clarifies on Misleading Admit Card Image Circulated on Social Media

November 3, 2020 2523 Views 0 comment Print

Clarification of Image Circulated on Social Media- ICAI places on record that an Image of Admit Card circulated is misleading & all Admit Cards have ICAI Official Emblem & Sign as Seal of Authenticity. Appropriate Action is being initiated against those spreading Misleading info Source- Tweet by ICAI

Creation of Security in issuance of listed debt securities & ‘due diligence’ by debenture trustee(s)

November 3, 2020 2607 Views 0 comment Print

Regulation 13 of the DT Regulations stipulates that the debenture trustee shall enter into a written agreement with the Issuer before the debenture trustee agrees to act as debenture trustee in respect of the said issue of debt securities.

SEBI amends Schemes of Arrangement by Listed Entities

November 3, 2020 2190 Views 0 comment Print

SEBI Circular No. CFD/DIL3/CIR/2017/21 dated March 10, 2017 has laid down the framework for Schemes of Arrangement by listed entities and relaxation under Rule 19(7) of the Securities Contracts (Regulation) Rules, 1957.

Exposure Draft of Revised AS 21, Effects of Changes in Foreign Exchange Rates

November 3, 2020 495 Views 0 comment Print

Exposure Draft of revised AS 21, The Effects of Changes in Foreign Exchange Rates, has been issued by the ASB for comments with the last date being December 3, 2020

CBIC notifies Rate of Exchange of Foreign Currencies wef 04.11.2020

November 3, 2020 624 Views 0 comment Print

CBIC notifies Rate of Exchange of Foreign Currencies against India Rupees wef 4th November, 2020 vide Notification No. 104/2020-Customs (N.T.), Dated: 3rd November, 2020. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No. 104/2020 – Customs (N.T.) New Delhi, dated the 3rd November, 2020 12 Kartika […]

FAQs on admit cards- CA exams

November 3, 2020 4314 Views 0 comment Print

1. How do I get my admit card? Admit cards in respect of all eligible candidates admitted to the Foundation, Intermediate (IPC), Intermediate, Final and Final-New examination, with their photographs and signatures on them, will be hosted on https://icaiexam.icai.org/ No physical admit cards will be sent to any candidate. Candidates are required to download and […]

Only DGFT Empowered to Suspend & Cancel IEC Number

November 3, 2020 11247 Views 0 comment Print

Blocking of importer exporter code of the petitioner by any authority other than the Director General of Foreign Trade or by his authorized officer under section 8 of the Foreign Trade (Development and Regulation) Act, 1992 would be unauthorized, unwarranted and without jurisdiction.

Department cannot force Assessee to Reverse Credit Merely for non-Intimation made under rule 6 of CCR

November 3, 2020 1248 Views 0 comment Print

The issue under consideration is whether department cannot force upon the assessee to reverse credit under Rule 6(3)(i) merely for the reason that no intimation under Rule 6 of CCR?

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