Read the analysis and conclusion of the contraventions found in the case of Mr. Rohit Vora, including non-submission of required forms and lack of cooperation with investigating authorities. As a result, his registration has been suspended for one year. Learn more about the implications of this order and the actions taken.
Read the latest update from Vivek Johri, Chairman of the Central Board of Indirect Taxes & Customs (CBIC), covering the 6th anniversary of GST, customs administration meetings, anti-smuggling operations, trade promotion efforts, and officer empanelment. Stay informed about the significant developments in taxation and customs enforcement.
Learn about revised procedure for allocation of quota for export of broken rice on humanitarian and food security grounds. Find out extended application submission deadline for export licenses to Senegal, Gambia, and Indonesia. Non-compliance consequences and relevant provisions are also highlighted in this DGFT trade notice.
Read about latest notification by SEBI regarding repeal of SEBI (Ombudsman) Regulations, 2003 via SEBI (Ombudsman) (Repeal) Regulations, 2023. Learn about impact of the repeal and implications for previous operations, rights, and legal proceedings.
Ministry of Commerce and Industry has issued a notification amending the import policy for Areca nuts under ITC(HS) code 08028010. The revised policy allows the import of 17,000 Metric Tonnes of Fresh(green) Areca nuts without a Minimum Import Price (MIP) condition from Bhutan through LCS Chamurchi (INCHMB). Stay updated with the latest import policy changes.
DGFT issued a notification amending import policy for Potatoes under ITC(HS) code 07019000. The revised policy allows import of Potatoes from Bhutan without any license until June 2024. Stay updated with latest import policy changes.
Gain insights into SEBI (Credit Rating Agencies) (Amendment) Regulations, 2023 for ESG rating providers. This analysis explores the applicability, registration process, categories, conditions, code of conduct, and more, ensuring transparency and reliability in ESG ratings.
The International Financial Services Centres Authority (IFSCA) has issued a notification announcing the introduction of the International Financial Services Centres Authority (Capital Market Intermediaries) (Amendment) Regulations for the year 2023. These amendments aim to bring important changes to the regulations governing capital market intermediaries operating within the international financial services centres. In this article, we […]
RBI provides an update on the withdrawal of ₹2000 denomination banknotes. As of June 30, 2023, 76% of the ₹2000 banknotes in circulation have been returned. Learn more about the current status and the next steps for depositing or exchanging these banknotes.
The recent ITAT Chandigarh ruling in Gurdeep Singh Ubhi Vs DCIT asserts that additional business income without unexplained sources should be taxed at normal rates, challenging the application of Section 115BBE of the Income Tax Act, 1961.
