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Fee structure for Debenture Trustees in the IFSC

February 25, 2022 579 Views 0 comment Print

The following fee structure shall be applicable to all Debenture Trustees in the IFSC a) Application fee of USD 500; b) Registration fee of USD 2,500; For manner of payment for the above fees, refer to the circular Account Details for fee to be remitted to IFSCA dated September 08, 2021.

DGFT Helpdesk for Russia-Ukraine related International Trade Issues

February 25, 2022 948 Views 0 comment Print

In view of the current international situation, Department of Commerce and DGFT have undertaken to monitor the status and related difficulties being faced by stakeholders on Russia/Ukraine trade related issues. Department of Commerce/DGFT has operationalised a Helpdesk to support and seek suitable resolutions to issues related to India’s International Trade in this regard with immediate effect.

Mandatory filing/issuance of RCMC/RC via DGFT platform from 01.04.2022

February 24, 2022 3537 Views 0 comment Print

Mandatory filing/issuance of Registration Cum Membership Certificate (RCMC)/ Registration Certificate (RC) through the DGFT common digital platform from 01.04.2022

Import policy of ITC (HS) 8524 & ITC (HS) 85258900 revised

February 24, 2022 6006 Views 0 comment Print

Import policy of ITC (HS) 8524 and ITC (HS) 8525 89 00 is revised from ‘Restricted’ to ‘Free’ with immediate effect. Notification No. 55 /2015-2020 Dated: 24th February, 2022

Nomination for Eligible Trading & Demat Accounts – Extension of timelines & relaxations for existing account holders

February 24, 2022 3021 Views 0 comment Print

SEBI mandated submission of nomination details/declaration for opting out of nomination for investors opening new trading and or demat account(s) on or after October 01, 2021. The circular also prescribed mandatory furnishing of the aforesaid information for all existing eligible trading and demat account holders.

Reporting and Accounting of Central Government transactions of March 2022

February 24, 2022 1188 Views 0 comment Print

The Government of India has decided that the date of closure of residual transactions for the month of March 2022 be fixed as April 11, 2022. In view of the ensuing closing of government accounts for the financial year 2021-22, receiving branches including those not situated locally, should adopt special arrangements such as courier service etc., for passing on challans/scrolls etc., to the Nodal/Focal Point branches so that all payments and collections made on behalf of government towards the end of March are accounted for in the same financial year.

IBBI directs valuer to be extremely careful, diligent, & responsive

February 24, 2022 3645 Views 0 comment Print

In the instant matter, the SBI had made a complaint to CBI on 4th January, 2021 requesting it to lodge the complaint and carry out a detailed investigation into the fraudulent activities committed intentionally and knowingly by Shri. Paruchuri Kumar and his family members in collusion with the advocates, valuers, Sri Abdul Rawoof Pasha and […]

Fake invoicing racket of Rs 611 crore busted

February 24, 2022 1332 Views 0 comment Print

Delhi South CGST unearths fake invoicing racket of Rs 611 crore involving tax evasion of 38.5 crore A specific intelligence was developed by the officers of Delhi South CGST Commissionerate concerning certain bogus firms that were created solely for the purpose of generating fake invoices and passing ineligible input tax credit along the chain. Searches […]

7 effective tips and tricks to save while paying the car insurance premium

February 24, 2022 1509 Views 0 comment Print

Wanting the best protective detail for your car is natural. Car insurance is the key to maintaining and preventing technical glitches. The consequences of an accident can be more than just a dented exterior and that is why good car insurance is a necessity.

ADD on Soluble Salt, Double Charge, GVT & PGVT Porcelain/Vitrified Tiles

February 24, 2022 528 Views 0 comment Print

CBIC vide Notification No. 09/2022-Customs (ADD) extended anti-dumping duty on imports of Soluble Salt, Double Charge, GVT and PGVT Porcelain /Vitrified Tiles with less than 3% water absorption and All sizes except Micro-crystal tiles, Full body tiles and Thin Panels below 5 mm thickness. The anti-dumping duty imposed under this notification shall be effective for a period […]

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