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Weekly Newsletter from CBIC Chairman dated 11th November, 2024

November 11, 2024 519 Views 0 comment Print

The 18th Customs Consultative Group meeting discussed trade issues. Vigilance Awareness Week focused on integrity, with highlights on recent gold smuggling case.

Amendment to Customs Notification on Maharashtra Ports

November 11, 2024 342 Views 0 comment Print

CBIC amends Customs notification, omitting specific port entry in Maharashtra. Effective from 11th Nov 2024 under Notification 76/2024-Customs (N.T.).

Anti-Dumping Duty on Epichlorohydrin Imports from China, Korea, Thailand

November 11, 2024 726 Views 0 comment Print

India imposes anti-dumping duty on Epichlorohydrin imports from China, Korea, and Thailand to protect domestic industry, effective for five years from notification date.

SEBI Circular on FPI to FDI Reclassification Procedure

November 11, 2024 666 Views 0 comment Print

SEBI outlines the procedure for reclassifying FPI investments to FDI for holdings exceeding 10% in Indian companies, effective immediately.

Clarification on Regularization of National Small Savings Schemes Accounts

November 11, 2024 1104 Views 0 comment Print

Clarifications on SB Order 05A/2024 regarding the regularization of accounts opened in deviation from National Small Savings Schemes rules.

Revised Classification Criteria for Non-Company Entities in Accounting Standards

November 10, 2024 5760 Views 0 comment Print

ICAI announces new classification criteria for non-company entities’ Accounting Standards, effective April 1, 2024. Learn about MSME and Large Entity classifications.

Reporting of Foreign Exchange Transactions to Trade Repository

November 8, 2024 2112 Views 0 comment Print

RBI mandates expanded reporting of foreign exchange transactions, including spot and tom deals, to the Trade Repository starting February 2025.

Clarification on Insurance Amount & Bond Value for CCSPs & validity of Bond for AEO-LO

November 8, 2024 522 Views 0 comment Print

CBIC revises insurance and bond value rules for CCSPs, reducing costs and aligning custodian bond validity with AEO-LO approval periods.

Regarding offline processing of GST audit in cases of FY 2020-21

November 8, 2024 1284 Views 0 comment Print

Maharashtra GST Department allows offline processing of audits for FY 2020-21 due to technical issues, with instructions for manual notice issuance.

SEBI Issues Guidance on Nominee Shareholders, Promoter Disclosures

November 8, 2024 882 Views 0 comment Print

SEBI provides informal guidance to CMS Info Systems on promoter disclosures and nominee shareholder roles under LODR and ICDR regulations.

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