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ED not Liable to disclose Panama Papers details under RTI: CIC

October 4, 2019 786 Views 0 comment Print

Mr. Durga Prasad Choudhary Vs CPIO & Dy. Director Directorate of Enforcement (Central Information Commission) Appellant stated that the information sought by him had not been provided whereas this was a serious matter pertaining to corruption at higher levels. He drew the attention of the Commission to various media reports in National and International News […]

IRDA directions on Preparation of Financial Statements by Life Insurers

October 4, 2019 7344 Views 0 comment Print

In order to bring further uniformity, comparability and fair presentation of financial position in the Financial Statements filed by the insurers, Insurance Regulatory and Development Authority issues the following directions. Insurance Regulatory and Development Authority CIRCULAR Ref No: IRDA/F&A/CIR/MISC/184/10/2019 Date: 4th October, 2019 To, The CMDs/CEOs All Life Insurance Companies Sub : Preparation of Financial Statements […]

Statement by Governor – Fourth Bi-monthly Monetary Policy Statement, 2019-20

October 4, 2019 765 Views 0 comment Print

This post contains Statement by RBI Governor – Fourth Bi-monthly Monetary Policy Statement, 2019-20, Fourth Bi-monthly Monetary Policy Statement, 2019-20 Resolution of the Monetary Policy Committee (MPC) and Statement on Developmental and Regulatory Policies. Reserve Bank of India Statement by Governor – Fourth Bi-monthly Monetary Policy Statement, 2019-20, October 4, 2019 Over the past three […]

DGFT clarifies on Steel Import Monitoring System

October 4, 2019 18945 Views 4 comments Print

Can steel and steel parts be imported through airfreight without SIMS registration? Response: There is no restriction on mode of transport but SIMS will not be applicable on air freighted goods as this mode is used for emergency/small volume -high value goods required at short notice.

Setting up of ReACs under E-assessment Scheme, 2019

October 3, 2019 2532 Views 0 comment Print

Central Board of Direct Taxes hereby sets up the Regional e-Assessment Centres (ReACs) as specified in column 2 of the Schedule-1, with their headquarters at the place mentioned in column 3 of the said Schedule and shall comprise of the Income Tax authorities as per Annexure to this order.

Directions of CBDT regarding Regional e-Assessment Centres (ReAC) ‘s Headquarters, functions and powers

October 3, 2019 3300 Views 0 comment Print

Central Board of Direct Taxes hereby directs that the Income-tax Authority of Regional e-Assessment Centres (read as ReAC) specified in column (2) of the Schedule below, having their headquarters at the places mentioned in column (3) of the said Schedule, shall exercise the powers and functions of the Assessing Officer

CBDT inks the 300th Advance Pricing Agreement

October 1, 2019 399 Views 0 comment Print

The Central Board of Direct Taxes (CBDT) has signed the 300th Advance Pricing Agreement (APA) during the month of September, 2019. This is a significant landmark of India’s APA Programme, which is currently in its seventh year. Three APAs were entered into in September, 2019 (2 Unilateral and 1 Bilateral APA), which has taken the […]

Mutual fund allowed to invest in unlisted Non-Convertible Debentures

October 1, 2019 2109 Views 0 comment Print

Mutual fund schemes may invest in unlisted Non-Convertible Debentures (NCDs) not exceeding 10% of the debt portfolio of the scheme subject to the condition that such unlisted NCDs have a simple structure (i.e. with fixed and uniform coupon, fixed maturity period, without any options, fully paid up upfront, without any credit enhancements or structured obligations) and are rated and secured with coupon payment frequency on monthly basis.

Amendment in Import & Export Policy of electronic cigarettes- reg

October 1, 2019 504 Views 0 comment Print

Considering the adverse health impact of e-Cigarettes/ENDS and in order to prevent the initiation of nicotine through e-Cigarettes by non-smokers and youth, with special attention to vulnerable groups, the Directorate General of Foreign Trade, Department of Commerce, Ministry of Commerce 86 Industry has issued the aforesaid Notifications

Warehouse (Custody and Handling of Goods) Amendment Regulations, 2019

October 1, 2019 1407 Views 0 comment Print

(1) These regulations may be called as the Warehouse (Custody and Handling of Goods) Amendment Regulations, 2019. (2) They shall come into force on the date of their publication in the Official Gazette.

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