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CBIC Chairman’s Weekly Newsletter – 02nd September, 2024

September 2, 2024 483 Views 0 comment Print

The 4th Land Customs Conference discussed cross-border trade, gender inclusivity, and drug seizure success. DRI seized Rs. 12 crore worth of methamphetamine tablets.

Subhash Chandra Alleges SEBI Chairperson Corruption

September 2, 2024 876 Views 0 comment Print

Subhash Chandra accuses SEBI Chairperson Madhabi Puri Buch of corrupt practices, alleging undue influence and unethical conduct during a press conference on September 2, 2024.

Proposed Guidelines on setting up of International Trade Financing Services Platform

September 1, 2024 420 Views 0 comment Print

Public comments are sought on proposed guidelines for setting up the International Trade Financing Services Platform. Deadline: September 20, 2024.

IFSCA Consultation Paper on Complaint Handling & Grievance Redressal

September 1, 2024 636 Views 0 comment Print

Explore the draft regulatory framework by IFSCA for complaint handling and grievance redressal aimed at protecting financial consumers in International Financial Services Centres.

BCAS Provides Feedback on RBI’s Draft FEMA Regulations

September 1, 2024 525 Views 0 comment Print

BCAS submits feedback on RBI’s draft FEMA regulations, highlighting liberalized rules aimed at enhancing Ease of Doing Business. BCAS offers further discussion on suggestions.

Stamp duty cannot be levied based on speculative future use or potential market value

September 1, 2024 2034 Views 0 comment Print

Indo Continental Hotels And Resorts Pvt. Ltd. Vs State of U.P. – Allahabad High Court held that stamp duty cannot be levied based on speculative future use or potential market value unless officially reclassified by State from industrial to commercial. Since no such change had been formally declared, the deficiency was deemed improper.

Sea Cargo Manifest and Transshipment (Third Amendment) Regulations, 2024

August 31, 2024 1299 Views 0 comment Print

The CBIC issues the third amendment to the Sea Cargo Manifest and Transshipment Regulations, extending transitional provisions for specific ports.

Telecommunications (Administration of Digital Bharat Nidhi) Rules, 2024

August 30, 2024 846 Views 0 comment Print

The Ministry of Communication has issued the Telecommunications (Digital Bharat Nidhi) Rules, 2024, outlining regulations for telecom services in underserved areas.

ICAI Removes 5 Members from Register Effective 30th August 2024

August 30, 2024 2397 Views 1 comment Print

The ICAI has removed five Chartered Accountants from its Register for professional misconduct, imposing fines and suspensions ranging from one month to three years.

Windfall tax on crude petroleum reduced to Rs 1850/tonne wef 31.08.2024

August 30, 2024 480 Views 0 comment Print

The Indian government has amended the Central Excise duty to Rs. 1850 per tonne effective from August 31, 2024, under the Central Excise Act, 1944.

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