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Draft IFSCA (Setting up and Operation of International Branch Campuses and Offshore Education Centres) Regulations, 2022

July 5, 2022 1548 Views 0 comment Print

International Financial Services Centres Authority Press Release Invitation for public comments on draft International Financial Services Centres Authority (Setting up and Operation of International Branch Campuses and Offshore Education Centres) Regulations, 2022 The International Financial Services Centres Authority (IFSCA), in its endeavour to develop a comprehensive and consistent regulatory framework for establishment of International Branch […]

Applicability of PIMS at the time of import at SEZ/FTWZ/EOU/DTA

July 5, 2022 2064 Views 0 comment Print

PIMS Registration shall be required at the point of import by a Unit in SEZ/FTWZ or at the time of import by an EOU of the items covered under PIMS.

Shri Jayanti Prasad takes charge as Whole-time Member of IBBI

July 5, 2022 588 Views 0 comment Print

Shri Jayanti Prasad took charge as Whole-time Member of Insolvency and Bankruptcy Board of India in New Delhi today.

CBIC extends exemption from BCD & AIDC upon import of Raw Cotton

July 4, 2022 2583 Views 0 comment Print

Seeks to extend the exemption from BCD and AIDC upon import of Raw Cotton – Notification No. 38/2022-Customs, Dated: 04.07.2022. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 38/2022-Customs New Delhi, the 4th of July, 2022 G.S.R. 509(E).– In exercise of the powers conferred by sub-section (1) of section 25 of the […]

GST addressed many of distortions & imperfections of previous tax regime

July 4, 2022 1596 Views 0 comment Print

Many of the distortions and imperfections of the previous tax regime such as a fractured tax base for indirect taxes; cascading of taxes; multiplicity of taxes and rates and heavy compliance burden were substantially addressed with the introduction of GST.

CERSAI to maintain online database for information on deposit takers

July 4, 2022 2475 Views 0 comment Print

Govt appoints CERSAI as the authority which shall create, maintain and operate an online database for information on deposit takers operating in India. MINISTRY OF FINANCE (Department of Financial Services) NOTIFICATION New Delhi, the 4th July, 2022 S.O. 3042(E).—In exercise of the powers conferred by sub-section (1) of section 9 of the Banning of Unregulated […]

Advisory under Regulation 46 & 62 of SEBI (LODR) Regulation, 2015

July 4, 2022 8382 Views 0 comment Print

Advisory under Regulation 46 and 62 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015

Applicability of Certain provisions of Insurance Act to IFSC & SEZ

July 4, 2022 2664 Views 0 comment Print

Certain provisions of Insurance Act not to apply in Special Economic Zone and International Financial Services Centre

Educational Material on Ind AS 34, Interim Financial Reporting

July 4, 2022 1449 Views 0 comment Print

Ind AS 34 does not specify which entities must publish an interim financial report. This is generally a matter for relevant law and government regulations.

Reassessment of Bills of Entry involving Refund Claim of Excess Duty paid

July 4, 2022 13752 Views 0 comment Print

It was held that the claim of refund cannot be entertained unless the order of assessment or self- assessment is modified in accordance with law by taking recourse to the appropriate proceedings

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