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Notifications/Circulars

CBIC notifies Customs Exchange rate for Import & Export wef 21.10.2022

October 20, 2022 1767 Views 0 comment Print

CBIC notifies Customs Exchange rate for Import & Export wef 21st October, 2022 vide Exchange rate Notification No. 90/2022 – Customs (N.T.) | dated the 20th October, 2022. GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS New Delhi ***** Notification No. 90/2022 – Customs (N.T.) | dated the […]

Clarification on operation of SB Pension & Joint Accounts opened by 3 adults jointly opened before 18.12.2019

October 20, 2022 783 Views 0 comment Print

If any depositor is already having one SB Pension Single Account and one normal SB Single Account opened before 18.12.2019, both the accounts can be continued in operation and they shall be treated as normal savings accounts for operation.

Draft Master Direction on Information Technology Governance, Risk, Controls and Assurance Practices

October 20, 2022 7089 Views 0 comment Print

RBI proposes to prescribe a Master Direction on Information Technology Governance, Risk, Controls and Assurance Practices, to be implemented by Regulated Entities (REs)

Special treatment cannot be given to any corporate entity in any CIRP: IBBI

October 20, 2022 993 Views 0 comment Print

DC notes that there cannot be an exceptional or special treatment to any corporate entity in any CIRP. While reinforcing the rule of law, every company is to be given the same level playing field, irrespective of its size or the influence of people behind them. Under the existing laws, once CIRP is initiated against […]

Conditions for TRQ imports under tariff head 7108 under India-UAE CEPA updated

October 20, 2022 2046 Views 0 comment Print

Conditions for TRQ imports under tariff head 7108 under India-UAE CEPA are updated in line with Customs Notification No. 74/2022-Customs(N.T.) dated 09.09.2022 read with Circular No.18/2022-Customs 10.09.2022. Government of India Ministry of Commerce & Industry Department of Commerce Vanijya Bhawan, New Delhi Public Notice No. 32/2015-2020-DGFT | Dated: 20th October, 2022 Subject: Amendment in Para […]

Clarification on Issuance of recurring Show Cause Notices under GST

October 19, 2022 7761 Views 0 comment Print

Authority regarding action consequential to issuance of Show Cause Notice and for issuance of recurring SCN in case of an enforcement action initiated by Central authorities against a taxpayer assigned to State and vice versa

Merchant banker cannot carry on any business other than in securities market: SEBI

October 19, 2022 1596 Views 0 comment Print

Regulation 13A of Merchant Bankers regulations states that a merchant banker cannot carry on any business other than in securities market

SEBI allows stock brokers registered under debt segment to place/seek bids on RFQ platform

October 19, 2022 1332 Views 0 comment Print

SEBI decided to allow stock brokers registered under the debt segment of the Stock Exchange(s) to place/ seek bids on the RFQ platform on behalf of client(s), in addition to the existing option of placing bids in a proprietary capacity.

Guideline for Handling NPS corpus of deceased Subscribers meant for purchase of Annuity

October 19, 2022 855 Views 0 comment Print

It is observed that in certain cases, the subscribers post availing lump sum had met with unfortunate death but before issuance of annuity and the amount meant for Annuity lie in CRA System. In such cases, the following are the guidelines which can be applicable to handle the corpus meant for issue of Annuity,

Project Imports (Amendment) Regulations, 2022

October 19, 2022 5292 Views 0 comment Print

Seeks to amend Project Import Regulations, 1986 by notifying Project Imports (Amendment) Regulations, 2022 | Notification No. 54/2022-Customs|Dated: 19th October, 2022. MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 54/2022-Customs|Dated: 19th October, 2022 G.S.R. 783(E).—In exercise of the powers conferred by section 157 of the Customs Act, 1962 (52 of 1962), the Central Board […]

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