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International Trade Settlement in INR: Opening of additional Current Account for settlement of trade transactions

June 11, 2024 1683 Views 0 comment Print

RBI allows AD Category-I banks to open special accounts for both export and import trade settlements in INR. Learn more about the new circular.

Customs Adjudicating Authority Appointment – Notification No. 41/2024-Customs (N.T.)

June 10, 2024 978 Views 0 comment Print

The Central Board of Indirect Taxes and Customs appoints new adjudicating authorities. Read the full notification dated 10th June 2024.

Special Deposit Scheme Interest Rate at 7.1% from April 2024

June 10, 2024 810 Views 0 comment Print

Ministry of Finance sets Special Deposit Scheme interest rate at 7.1% for April to June 2024. Learn more about the latest update.

IBBI order on Unreasonable Expenditure on Charter Planes & Non-Preservation of Records by IP

June 7, 2024 552 Views 0 comment Print

Explore the detailed analysis of Mahender Kumar Khandelwal’s case by the Insolvency and Bankruptcy Board of India Disciplinary Committee, covering alleged contraventions, submissions, and findings.

Customs duty on Display Assembly of a cellular mobile phone: Circular No. 06/2024

June 7, 2024 1530 Views 0 comment Print

Explore Circular No. 06/2024-Customs from the Ministry of Finance, India, detailing customs duty rates on display assembly for cellular mobile phones.

1196 days delay in e-Form BEN-2 filing: MCA levied ₹6 Lakh Penalty

June 7, 2024 489 Views 0 comment Print

Reliance Chemotex Industries Ltd. faces a penalty for late filing under Section 90 of the Companies Act, 2013. Details on penalties imposed and appeal process.

Foreign Exchange Management (Overseas Investment) Directions, 2022 – Investments in Overseas Funds

June 7, 2024 2238 Views 0 comment Print

Read about RBI’s latest circular updating regulations for overseas investments, impacting Indian entities and individuals. Detailed changes and implications discussed.

Form GST SRM-II is now available on GST portal: GSTN

June 7, 2024 2613 Views 0 comment Print

Now, the second form namely, Form GST SRM-II is also available on the portal. Taxpayers dealing in the manufacture of Pan Masala and Tobacco products can now report the details of inputs and outputs procured and consumed for the relevant month.

Honey Grading and Marking Rules, 2024

June 7, 2024 516 Views 0 comment Print

The Ministry of Agriculture announces new Honey Grading Rules 2024, setting updated standards for quality, packaging, and labeling. Learn more about the changes.

RBI keeps Repo Rate unchanged at 6.50%

June 7, 2024 654 Views 0 comment Print

fter a detailed assessment of the evolving macroeconomic and financial developments and the outlook, it decided by a 4 to 2 majority to keep the policy repo rate unchanged at 6.50 per cent.

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