DGFT issues Trade Notice No. 19/2023, extending the last date for submission of applications to obtain export licenses for broken rice to Senegal, Gambia, and Indonesia. The extended deadline is now 11th August 2023, in compliance with the Hon’ble High Court of Delhi’s order.
Directorate General of Foreign Trade (DGFT) issues Trade Notice No. 18/2023, outlining the procedure for allocating export quotas for broken rice on humanitarian and food security grounds. Requests from the Governments of Mali and Bhutan have been approved, and exporters can apply through an online portal, adhering to specified guidelines.
The Ministry of Commerce & Industry, Government of India, through the Directorate General of Foreign Trade (DGFT), releases Trade Notice No. 17/2023-DGFT on 28th July 2023. The notice addresses the procedure for allocating export quotas for Wheat, Wheat Flour (Atta), and Maida/Semolina to Bhutan based on humanitarian and food security grounds. The notice informs about […]
AIFTP, a leading professional body in India, appeals to the Finance Minister for a one-month extension on tax return due dates for AY 2023-24.
Reserve Bank of India (RBI) addresses discussions on social media regarding the Star (*) symbol on banknotes, clarifying that it indicates a replacement for defectively printed notes. The banknote with the Star (*) symbol is legally valid, and information is available on the RBI website.
Navigating the world of forex trading in India can be a rewarding endeavor, presenting opportunities for substantial profits. However, as with any financial venture, understanding the tax implications is crucial. In this article, we delve into the tax implications of forex trading profits and losses in India.
CBIC notifies rate changes in Compensation Cess for Pan Masala and Tobacco Products as per 50th GST Council Meeting vide Notification No. 3/2023-Compensation Cess (Rate)
Mines and Minerals (Development and Regulation) Amendment Bill, 2023 was introduced in Lok Sabha on 26th July, 2023. The Bill aims to bring significant reforms to increase exploration and mining of critical and deep-seated minerals in India. It proposes the introduction of exploration licenses, auctioning of mining leases for critical minerals, and removal of certain […]
CBDT issues a corrigendum notification, No. 53/2023-Income Tax, dated 26th July, 2023, to rectify an omission in Notification No. 37/2023-Income Tax, dated 12th June, 2023. The correction involves the insertion of Annexure-II to Form No. 34E.
SEBI has notified implementation dates for amendments to SEBI (Mutual Funds) Regulations, 2023. Certain provisions will come into force from 26th July 2023, while others will be effective from January 1, 2024.
