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IFSCA clarifies on methodology to be adopted for computing 5% target

April 20, 2023 939 Views 0 comment Print

IFSCA clarifies on Methodology to be adopted by the IBUs and FC/FUs for the purpose of computing the five percent target

Amendments under Interest Equalisation Scheme in respect of UIN

April 20, 2023 2064 Views 0 comment Print

All the exporters seeking benefits under the Interest Equalisation Scheme w.e.f 01.05.2023 are required to submit an Acknowledgement consisting of UIN which would be associated with a particular bank only for a ONE-TIME disbursement.

Kerala HC slams GST Dept for Seizure of Cash not forming part of stock

April 19, 2023 4155 Views 0 comment Print

Shabu George Vs State Tax Officer (Kerala High Court) CGST Act authorizes the seizure of things, including cash in appropriate cases, we do not think that the present is a case that called for a seizure of the cash found in the premises of the appellants at the time of the search. The power of […]

SEBI clarifies on disclosures related to `borrowing’ by Large Corporate listed entity

April 19, 2023 11541 Views 0 comment Print

Large Corporate shall be interpreted as a listed entity having at least one credit rating of AA and above for any of its unsupported bank borrowing or plain vanilla bonds

IBBI suspends License of RV for discrepancy in Valuation Report

April 19, 2023 1479 Views 0 comment Print

IBBI  has perused the contraventions alleged in the SCN and the reply of the RV on the SCN. It is observed that the RV has neither countered the allegations made in the SCN nor provided any justification as to how his valuation report is in compliance with the applicable provisions of Valuation Rules. A valuation […]

ADD on imports of ‘Vinyl Tiles other than in roll or sheet Form’

April 19, 2023 5184 Views 0 comment Print

CBIC imposes anti-dumping duty (ADD) on imports of Vinyl Tiles other than in roll or sheet form originating in or exported from China PR, Taiwan and Vietnam vide Notifications No. 05/2023-Customs (ADD) Dated: 19th April, 2023. MINISTRY OF FINANCE (Department of Revenue) Notifications No. 05/2023-Customs (ADD) | Dated: 19th April, 2023 G.S.R. 308(E).—Whereas, in the matter […]

Order on Procedure for implementation of Section 12A of WMD Act, 2005

April 19, 2023 1344 Views 0 comment Print

Procedure for Implementation of Section 12A of Weapons of Mass Destruction and their Delivery Systems (Prohibition of Unlawful Activities) Act, 2005 (WMD Act)

ICSI Switchover to Executive Programme (New Syllabus 2022)

April 18, 2023 1851 Views 0 comment Print

ICSI has notified that candidates who have registered under CS Executive old syllabus (2017) can switch over to CS Executive new syllabus (2022) comprising of 7 papers

Utilisation of office space or manpower by entities undertaking aircraft leasing activity in IFSC

April 18, 2023 1413 Views 0 comment Print

International Financial Services Centres Authority Circular F. No. 535/IFSCA/FC/ALF/2023-24/02 Dated: April 18, 2023 To: All Finance Companies/ Units registered with the International Financial Services Centres Authority for undertaking aircraft leasing activity. Sub: Utilisation of office space or manpower or both by entities undertaking aircraft leasing activity in the International Financial Services Centre (“IFSC”) Reference is […]

Is it better to open a bank account online?

April 18, 2023 1227 Views 0 comment Print

Nowadays, there is more than one way to open a bank account. However, before the advent of net banking services, you would have had to visit the bank physically in order to open an account.

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