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Archive: April, 2022

Posts in April, 2022

Interest Subvention Scheme on Agriculture loan through Kisan Credit Card  

April 28, 2022 1926 Views 0 comment Print

Government of India has approved the continuation of the Interest Subvention Scheme (ISS) with modifications for the financial year 2021-22. Reserve Bank of India RBI/2022-23/35 FIDD.CO.FSD.BC.No.3/05.02.001/2022-23 April 28, 2022 The Chairman / Managing Director / Chief Executive Officer All Public Sector Banks, Private Sector Banks and Small Finance Banks Madam/Dear Sir, Modified Interest Subvention Scheme […]

CBIC imposes anti-dumping duty on N,N-Dicyclohexyl Carbodiimide

April 28, 2022 2634 Views 0 comment Print

CBIC imposes anti-dumping duty on N,N-Dicyclohexyl Carbodiimide (DCC) originating in or exported from China PR for a period of 5 years vide Notification No. 12/2022-Customs (ADD), Dated: 28.04.2022. MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 28th April, 2022 Notification No. 12/2022-Customs (ADD) G.S.R. 321(E).—Whereas, in the matter of “N, N’ – Dicyclohexyl […]

Domain Name Registrars are Intermediaries under Information Technology Act

April 28, 2022 2367 Views 0 comment Print

Domain Name Registrars by the application of the algorithm derived by whom the infringing domain names were becoming available to prospective registrants, would themselves be infringers, within the meaning of Section 29 of the Trade Marks Act, and liable in that regard.

Clarification regarding final withdrawal of PF for International Workers (IWs)

April 27, 2022 1644 Views 0 comment Print

An audit observation has been brought to the notice of the Head Office regarding settlement of claims for final withdrawal of PF in respect of IWs who are from countries not having a Social Security Agreement with India (Non-SSA Countries), along with some grievances on the subject.

COVID-19 Custom Duty Exemption – CBIC directs Implementation of Rules

April 27, 2022 1665 Views 0 comment Print

Reference is invited to notification No. 28/2021-Customs dated 24th April, 2021 that sought to exempt customs duty and health cess on import of oxygen, oxygen related equipment and COVID-19 vaccines, up to 30th September, 2021.

Director Identification Number (DIN)- How to Obtain/Cancel/Surrender & Penal Provisions

April 27, 2022 12699 Views 0 comment Print

Learn how to obtain, cancel, or surrender a Director Identification Number (DIN) under the Companies Act, 2013. Explore the application process, documents required, and penalties for non-compliance. Ensure compliance with DIN regulations for seamless directorship.

FAQs on Maintenance of Cost Records and Audit thereof 

April 27, 2022 14434 Views 0 comment Print

Companies (Cost Records and Audit) Rules, 2014 will be applicable in this case, subject to it meeting with the prescribed turnover threshold. However, if the company is engaged only in development of the software and not providing online education services, then it will not be covered under the said rules.

IRDAI Rationalises certain compliance requirements For life & non-life insurers

April 27, 2022 1803 Views 0 comment Print

The requirement to submit quarterly ALM returns regarding Asset Liability Management and Stress Testing (for life insurers) is dispensed with, except for Domestic Systemically Important Insurers.

CBI Arrests EPFO Enforcement Inspector for Accepting Bribe of Rs. 3 Lakh

April 27, 2022 1251 Views 0 comment Print

The Central Bureau of Investigation has arrested an Enforcement Inspector, EPFO, Kanpur (Uttar Pradesh) for demanding & accepting bribe of Rs. Three Lakh from the Complainant.

Co-conspirator in a Fake ITC Claim of Rs. 11.07 Cr arrested

April 27, 2022 1539 Views 0 comment Print

CGST Commissionerate Mumbai South Arrests Co-conspirator in a Fake Input Tax Credit Claim of Rs. 11.07 Cr; Proprietor arrested earlier CGST Mumbai South Commissionerate has detected tax evasion of Rs. 876 Crores, recovered Rs. 14.4 Crores so far Anti-Evasion Unit of Mumbai South CGST Commissionerate has arrested the co-conspirator in a case of M/s New […]

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