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Archive: 12 July 2021

Posts in 12 July 2021

DGFT notifies Supply of essential commodities to Republic of Maldives

July 12, 2021 1161 Views 0 comment Print

Export of Eggs, Potatoes, Onions, Rice, Wheat Flour, Sugar, Dal, Stone Aggregates and River Sand has been permitted to the Republic of Maldives under bilateral trade agreement between Government of India and Government of Maldives during the period 2021-22, 2022-23 and 2023­-24 as per the quantities indicated in the Table at Para 1 above. The […]

DGFT corrects Mistake in Name of Bharatiya Reserve Bank Note Mudran Private Ltd.

July 12, 2021 414 Views 0 comment Print

The name of BRBNMPL as appearing in Policy Condition 1(I) of Chapter 48 of ITC HS 2017, Schedule-I (Import Policy) is corrected to read as Bharatiya Reserve Bank Note Mudran Private Ltd. Policy Condition 1(II) of Chapter-48 of ITC(HS) 2017, Schedule-I (Import Policy) is deleted as a step towards reducing compliance burden. Government of India […]

DGFT revised formats of ANF-2H & ANF-2I of HBP, 2015-2020

July 12, 2021 1860 Views 1 comment Print

The revised formats of ANF-2H and ANF-2I of HBP, 2015-2020 are notified as a step towards reducing regulatory compliance burden. Public Notice No. 13/2015-2020 Dated: 12th July, 2021. Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi -110 011 New Delhi, Dated 12th July, […]

DGFT notifies Revised format of ANF-2C

July 12, 2021 1491 Views 0 comment Print

Effect of this Public Notice: Para 2.96 (b) of Chapter-2 of Handbook of Procedures, 2015-2020 stands deleted, and revised format of ANF-2C is notified as a step towards reducing regulatory compliance burden. Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi -110 011 Public […]

Statutory dues cannot be claimed if not exists in company’s approved RP for DHFL

July 12, 2021 1437 Views 0 comment Print

All the dues including the statutory dues owed to the Central Government, any State Government or any local authority, if not part of the Company’s approved resolution plan, shall stand extinguished and no proceedings in respect of such dues for the period prior to the date the Adjudicating Authority was granting its approval under Section 31 could be continued.

Mobile Banking Services in India

July 12, 2021 28005 Views 0 comment Print

Mobile Banking is a banking service that enables its customers to carry out financial transactions remotely via a mobile device, such as a smartphone or a tablet. It is one of Green Banking’s important products and is easy and convenient to its customers. Mobile banking for 24*7 is available.

Criminal proceeding cannot be initiated against AO for passing tax refund Order

July 12, 2021 1380 Views 0 comment Print

G. Santhosh Kumar Vs State Of Kerala (Kerala High Court) The Kerala High Court, in major relief to Ex Assistant Tax Commissioner, G.Santosh Kumar ruled that the criminal proceedings can not be initiated against a Public Servant for passing incorrect quasi-judicial order or against the government. The petitioner, G.Santosh Kumar who was the assessing authority […]

Cassette – Swaps in ATMs – Implemented till 31.03.2022

July 12, 2021 900 Views 0 comment Print

Banks were advised to consider using lockable cassettes in their ATMs which shall be swapped at the time of cash replenishment. It has been decided to extend the timeline for implementation of cassette swap in all ATMs till March 31, 2022.

Exposure Draft of revised AS 102, Share-based Payments

July 12, 2021 909 Views 0 comment Print

Exposure Draft of revised AS 102, Share-based Payments, has been issued by the ASB for comments with the last date being August 7, 2021, which can be assessed at the link: https://resource.cdn.icai.org/65465asb52807.pdf

TDS Calculation Utility for Professionals

July 12, 2021 18180 Views 1 comment Print

This is an Excel based TDS Calculation Utility developed for Professionals and Tax Consultants. We can add unlimited Clients and Deductees to the Utility. After adding the Deductees and Challan details, we will get Report of each client with all details by Year, Quarter, Month, Form Type, Type Deductee, Sections, whether 15G or H submitted, […]

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