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Archive: 29 August 2024

Posts in 29 August 2024

DGFT Extends Abeyance of Wastage Norms for Gold, Platinum & Silver Content Until 15 Sept

August 29, 2024 171 Views 0 comment Print

DGFT extends abeyance of Public Notice No. 05/2024 on wastage norms for gold, platinum, and silver content in exports until 15th September 2024 for further review.

DGFT Announces Amendments to Appendix-4J of Handbook of Procedures, 2023

August 29, 2024 342 Views 0 comment Print

DGFT updates Appendix-4J in Handbook of Procedures, revising export obligation periods for various import items to streamline processes and improve business efficiency.

Potable Water Bottles Quality Control Amendment Order 2024

August 29, 2024 108 Views 0 comment Print

New Potable Water Bottles Quality Control Amendment Order 2024 allows domestic and imported stocks to be sold for 6 months after certification.

Insulated Flask Bottles and Containers for Domestic Use Quality Control Amendment Order 2024

August 29, 2024 108 Views 0 comment Print

The Indian government amends the Insulated Containers Quality Control Order, 2024, allowing sales of pre-certified stocks for six months after the amendment.

National Savings Scheme Rules 1987: No Interest from 1st October 2024

August 29, 2024 2553 Views 3 comments Print

As per the Finance Ministry notification, National Savings Scheme balances will bear no interest from October 1, 2024. Learn more about the recent rule change.

National Savings Scheme 1992 Amendments: No Interest from 1st October 2024

August 29, 2024 1059 Views 0 comment Print

Amendment to National Savings Scheme Rules, 1992 ends interest on NSS balances after October 1, 2024, as per the Ministry of Finance’s notification.

No Physical Notice in Ex-Parte Proceedings – ITAT Remands Case to CIT(A)

August 29, 2024 2571 Views 0 comment Print

ITAT Delhi remands case to CIT(A) for fresh adjudication due to lack of physical notice before ex-parte decision on unexplained investment.

Addition u/s 68 was deleted as no incriminating material found during search for Unabated AY

August 29, 2024 621 Views 0 comment Print

However, the completed/unabated assessments could be re-opened by the AO in exercise of powers under sections 147/148, subject to fulfilment of the conditions as envisaged/mentioned under sections 147/148 and those powers were saved.

SC held no quashing of NI Act section 138 cheque bounce case by HC u/s 482 of CrPC without consent of Complainant

August 29, 2024 912 Views 0 comment Print

Supreme Court held that High Court was bereft of the power to quash a case under Section 138 of the Negotiable Instruments Act, using the powers inherent to it under Section 482 of the Code of Criminal Procedure, 1973, as long as there was no consent from the complainant.

SEBI proposes amendments to Merchant Bankers Regulations, 1992

August 29, 2024 615 Views 0 comment Print

SEBI seeks feedback on proposed amendments to Merchant Bankers Regulations, 1992, addressing regulatory updates, capital adequacy, and activity limitations.

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