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CBIC Notifies Rate of Exchange of Foreign Currencies wef 07.07.2022

July 7, 2022 2862 Views 0 comment Print

CBIC notifies Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 8th July, 2022 vide Exchange rate Notification No. 58/2022-Cus (NT) dated 7th July, 2022. GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS ***** Notification No. 58/2022 – Customs (N.T.) New Delhi, dated the 7th […]

DGGI-MZU busts Fake GST ITC of ₹35.11 Crores

July 7, 2022 1674 Views 0 comment Print

The Mumbai Zonal Unit of the Directorate General of GST Intelligence [DGGI-MZU] on Saturday, 2 July 2022 arrested Amanpuneet Singh Kohli, Director of M/s. Immensa Multiventures Pvt. Ltd. and six other Companies under the provisions of the CGST Act, 2017.  As per DGGI-MZU, Shri Amanpuneet Singh Kohli is the keyperson and mastermind behind several other firms, which […]

IRDAI Constitutes Task force to study issues faced by Life Insurers & Reinsurers

July 7, 2022 555 Views 0 comment Print

To examine the matter in detail and to sort out the issues between Life Insurers and Reinsurers, it is decided to constitute a Task Force with the following participants:

IRDAI Constitutes Task force to study issues faced by Non-Life Insurers & Reinsurers

July 7, 2022 1911 Views 0 comment Print

To examine the matter in detail and to sort out the issues between Non- Life Insurers and Reinsurers, it is decided to constitute a Task Force with the following participants:

Advisory for Anonymised Escalation Mechanism under Faceless Assessment

July 7, 2022 1362 Views 0 comment Print

ICEGATE registered users are required to contact the ICEGATE Helpdesk team on the toll free number 1800-3010-1000 to avail the functionality of Anonymised Escalation Mechanism under Faceless Assessment.

Listed companies to file quarterly Investor Complaints Report with SEBI

July 7, 2022 3006 Views 0 comment Print

Listed entity shall file with the recognized stock exchange(s) on a quarterly basis, within twenty-one days from the end of each quarter

Excisability of waste/residue – CBIC withdrawn Circular No. 1027/15/2016-CX

July 7, 2022 2148 Views 0 comment Print

Bagasse is non-excisable to which the CENVAT Credit Rules have no application, and held that the Circular dated 25.04.2016 is unsustainable in law.

Overseas foreign currency borrowings of Authorised Dealer Category-I banks

July 7, 2022 1071 Views 0 comment Print

Such lending shall be subject to the end-use prescriptions as applicable to External Commercial Borrowings (ECBs) in terms of paragraph 2.1(viii) of the Master Direction – External Commercial Borrowings, Trade Credits and Structured Obligations dated March 26, 2019, as amended from time to time.

‘Fully Accessible Route’ for Investment by Non-residents in Government Securities – Additional specified securities

July 7, 2022 1122 Views 0 comment Print

RBI designate two more securities as well as all new issuances of Government securities of 7-year and 14-year tenors as ‘specified securities’ under the FAR.

SEBI directs QRTAs to report Cyber-attacks, threats, cyber-incidents

July 6, 2022 1422 Views 0 comment Print

All Cyber-attacks, threats, cyber-incidents and breaches experienced by QRTAs shall be reported to SEBI within 6 hours of noticing / detecting such incidents or being brought to notice about such incidents.

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