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Archive: 23 June 2023

Posts in 23 June 2023

SOP for processing of GST Registration application at SEVA KENDRA

June 23, 2023 1623 Views 0 comment Print

Learn about SOP for processing GST registration applications at Seva Kendra by Trade & Taxes Department in Delhi in 2023.

SEBI Circular: Trading Supported by Blocked Amount in Secondary Market

June 23, 2023 1527 Views 0 comment Print

SEBI has introduced a supplementary process for trading in the secondary market, allowing blocked funds in investor’s bank accounts to be used instead of transferring them upfront to the trading member. This circular outlines the framework for trading supported by blocked amounts and provides guidelines for implementation and settlement processes.

RBI Circular: Status of MIFOR as a Significant Benchmark

June 23, 2023 2244 Views 0 comment Print

Read the RBI circular dated June 23, 2023, regarding the status of MIFOR as a significant benchmark. The circular highlights the cessation of MIFOR publication after June 30, 2023, and provides the updated list of significant benchmarks administered by FBIL.

Amendments to Category 5B of SCOMET List – Simplification & Liberalization of Drone Export Policy

June 23, 2023 1287 Views 0 comment Print

DGFT Notification No. 14/2023, has introduced amendments to Category 5B of Appendix 3 (SCOMET Items) to Schedule 2 of the ITCHS classification. The amendments simplify and liberalize the SCOMET policy for the export of drones and unmanned aerial vehicles (UAVs). The notification provides details on the revised categories, including exemptions and conditions for General Authorization for Export of Drones (GAED). Read more for a comprehensive analysis of the amendments and their impact.

Amendments to Category 5B of SCOMET List – General Authorization for Export of Drones (GAED)

June 23, 2023 2388 Views 0 comment Print

DGFT issued a public notice, Public Notice No. 19/2023-DGFT, announcing amendments to Category 5B of the Appendix 3 (SCOMET List) of the Handbook of Procedures 2023. The amendments introduce a new procedure for granting General Authorization for Export of Drones (GAED) for unmanned aerial vehicles, including drones and remotely piloted air vehicles. This notice outlines the policy, eligibility criteria, application process, and post-shipment requirements for exporters. Read more for a detailed analysis of the amendments and their implications.

Amendment to Appendix 2T of FTP 2023 – Export Promotion Council for Medical Devices

June 23, 2023 1707 Views 0 comment Print

DGFT has issued a public notice announcing an amendment to Appendix 2T of the Foreign Trade Policy (FTP) 2023. The amendment includes the addition of the Export Promotion Council for Medical Devices in the list of export promotion councils/commodity boards. This update enables the council to issue Registration-Cum-Membership Certificates (RCMC) for various medical devices and related products.

SEBI clarification on open offer obligations & exemptions – Vidli Restaurants Limited

June 23, 2023 1449 Views 0 comment Print

Read the interpretative letter issued by the Securities and Exchange Board of India (SEBI) in response to Vidli Restaurants Limited’s request for informal guidance on Regulation 10 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The letter discusses the proposed transaction involving the transfer of shares and voting rights within the promoter group and provides clarification on open offer obligations and exemptions.

A Guide to the Prevention of Sexual Harassment at Workplace Policy

June 23, 2023 1269 Views 0 comment Print

A comprehensive look at the Prevention of Sexual Harassment at Workplace Policy. Understand its scope, definition, responsibilities, complaint mechanisms, and the company’s commitment to ensuring a safe work environment.

Procedure for Amnesty Scheme Application for Default in Export Obligation – Manual Mode

June 23, 2023 1884 Views 0 comment Print

DGFT issued a policy circular outlining the procedure for applying for the Amnesty scheme for a one-time settlement of default in export obligation by Advance and EPCG authorization holders. In case of difficulties faced with the online application, exporters can now utilize a standalone website to submit their applications in manual mode. This circular provides detailed instructions for filing the application and processing it through the Regional Authorities.

Understanding Purchasing Power Parity

June 23, 2023 1647 Views 0 comment Print

Unlock the complexities of Purchasing Power Parity (PPP) with our comprehensive guide. Explore the theory, intuition, and calculation methods behind PPP. Understand its implications for global economies, trade imbalances, living standards, and currency valuation. Delve into real-world examples and economic forecasting. While PPP is a valuable tool, we also highlight its challenges, ensuring you grasp the nuances of this crucial economic concept. Master PPP with our insightful guide to make informed decisions in the world of international finance.

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