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CBIC notifies Rate of Exchange of Foreign Currencies wef 2.10.2020

October 1, 2020 1908 Views 0 comment Print

CBIC notifies Rate of Exchange of Foreign Currencies against India Rupees wef 2nd October, 2020 vide Notification No. 95/2020-Customs (N.T.), Dated: 1st October, 2020. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No. 95/2020-Customs (N.T.) New Delhi, dated the 1st October, 2020 9 Asvina 1942 (SAKA) […]

SEBI Framework for monitoring of foreign holding in Depository Receipts

October 1, 2020 777 Views 0 comment Print

Listed Company shall appoint one of the Indian Depository as the Designated Depository for the purpose of monitoring of limits in respect of Depository Receipts. The Designated Depository in co-ordination with Domestic Custodian, other Depository and Foreign Depository (if required) shall compute, monitor and disseminate the Depository Receipts (DRs) information as prescribed in the framework.

Additional details to obtain AROs under domestic procurement of steel at export parity price by MSME exporters of EEPC

October 1, 2020 969 Views 0 comment Print

MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE,) New Delhi, the 1st October, 2020 PUBLIC NOTICE  NO. 23/2015-2020-DGFT Subject:  Additional details to obtain AROs under domestic procurement of steel at export parity price by MSME exporters of EEPC – regarding. F. No. 01/94/180/302/AM20/PC-4.—In exercise of the powers conferred under Paragraph […]

Procedure for allocation of quota for import of Urad

October 1, 2020 507 Views 0 comment Print

The eligible and verified applicants who have been issued licenses will have to ensure that the import consignment of Urad reaches the Indian ports on or before 31.03.2021. Any request for extension of time will not be entertained.

Provisional attachment order passed by mechanical exercise of power is not sustainable

October 1, 2020 555 Views 0 comment Print

Explore the legal implications of provisional property attachment in GST inquiry. Gujarat High Court decision on GST DRC-22 order. Expert analysis by Mr. Avinash Podar.

Time for compulsory selection of returns for Scrutiny extended

September 30, 2020 27705 Views 0 comment Print

CBDT extended the date for selection of cases for Compulsory Scrutiny on the basis of prescribed parameters, as communicated vide Board’s letter dated 17.09.2020, from 30th September,2020 to 31st October,2020.

Revised Small Savings Scheme interest rates w.e.f. 01.10.2020

September 30, 2020 2511 Views 0 comment Print

The rates of interest on various Small Savings Schemes for the third quarter of financial year 2020-21 starting from 1st October, 2020 and ending on 31st December, 2020 shall remain unchanged from those notified for the second quarter (1st July, 2020 to 3oth September, 2020) of financial year 2020-21.

Limited Insolvency Examination w.e.f 1st January 2021

September 30, 2020 7794 Views 1 comment Print

Insolvency and Bankruptcy Board of India (Press Release) No. IBBI/PR/2020/13 30th September 2020 Limited Insolvency Examination w.e.f 1st January 2021 The Insolvency and Bankruptcy Board of India hereby publishes the syllabus and details of the Limited Insolvency Examination (Examination) under regulation 3 (3) of the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016 […]

CBIC prescribes 5% BCD on Open Cell for LED/LCD TV Panels

September 30, 2020 2229 Views 0 comment Print

CBIC further amends notification No. 50/2017-Customs dated 30th June, 2017 so as to prescribe 5% BCD on Open Cell for LED/LCD TV Panels vide Notification No. 35/2020-Customs dated 30th November 2020. MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 30th September, 2020 Notification No. 35/2020-CUSTOMS G.S.R. 599(E).—In exercise of the powers conferred by sub-section […]

RBI excludes Syndicate Bank from Second Schedule to RBI Act, 1934

September 30, 2020 546 Views 0 comment Print

Syndicate Bank has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from April 01, 2020 since it has ceased to carry on banking business with effect from April 01, 2020

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