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RBI issues Concept Note on Central Bank Digital Currency

October 7, 2022 4215 Views 0 comment Print

Concept Note on Central Bank Digital Currency (CBDC) for India create awareness about CBDCs in general and the planned features of the Digital Rupee (e₹), in particular. It explains the objectives, choices, benefits, and risks of issuing a CBDC in India. The Note also seeks to explain Reserve Bank’s approach towards introduction of the CBDC.

Income-tax (Thirty Third Amendment) Rules, 2022- Amends Rule 114F

October 7, 2022 11667 Views 0 comment Print

CBDT notifies Income-tax (Thirty Third Amendment) Rules, 2022 vide Notification No.112/2022-Income Tax | Dated 7th October, 2022 and amended Income Tax Rule 114F. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No.112/2022-Income Tax | Dated 7th October, 2022 G.S.R. 769(E).—In exercise of the powers conferred by section 285BA read with […]

Amendment in Import Policy Condition of Fresh (green) Areca Nut from Bhutan

October 7, 2022 957 Views 0 comment Print

Fresh (green) Areca Nut, is a prohibited item in the absence of the compliance to the policy conditions stipulated therein, the Kolkata Customs Zone may devise an appropriate mechanism for registration of Registration Certificate (RC), debit / utilisation of the quantity in the RC, monitoring validity of the RC, and an overall monitoring mechanism for the effective implementation of the revised policy stipulation.

Assessee filed ST-3 return on or before 30.6.2019 and paid tax dues in full before filing application – SVLDR benefit eligible

October 6, 2022 1902 Views 0 comment Print

In cases where assessee has filed ST-3 return on or before 30.6.2019 and has paid the tax dues in full before filing application, declarant is eligible to avail benefit of SVLDR scheme for waiver of interest.

New Functionalities for Taxpayers on GST Portal in September, 2022

October 6, 2022 4191 Views 0 comment Print

New Functionalities made available for Taxpayers on GST Portal (September, 2022) 1. Registration 1. Functionality to add new fields while submitting response to a notice, in Form GST REG 04 -While filing clarification in Form REG-04, whenever the applicant clicks on any tab in Registration module, he/she would be displayed a pop-up window with following two […]

Last date for applications for TRQs under tariff head 7108 extended

October 6, 2022 1074 Views 0 comment Print

Last date for applications for TRQs under tariff head 7108 for the 3rd Quarter of the FY 2022-23 is extended till 10.10.2022. TRQ issued under tariff head 7108 for the import in lst and 2nd Quarter of the FY 2022-23 shall be revalidated till 30.11.2022. Government of India Ministry of Commerce & Industry Department of […]

SEBI clarifies on ‘Demat Debit & Pledge Instruction’ (DDPI) for transfer of securities

October 6, 2022 5799 Views 1 comment Print

In view of the representations by and consultations with Broker Associations and Depositories, it has been decided to widen the scope of DDPI to include: Mutual Fund transactions being executed on Stock Exchange order entry platforms; and Tendering shares in open offers through Stock Exchange platforms.

RBI (Credit Information Companies- Internal Ombudsman) Directions, 2022

October 6, 2022 1401 Views 0 comment Print

The IO shall be either a retired or a serving officer, not below the rank of Deputy General Manager or equivalent in any financial sector regulatory body, CIC, a Non-Banking Financial Company (NBFC) or bank, with necessary skills and experience of at least seven years in banking, non-banking finance, financial sector regulation or supervision, credit information or consumer protection.

Govt notifies Credit Guarantee Scheme for Startups (CGSS)

October 6, 2022 4701 Views 1 comment Print

Credit Guarantee Scheme for Startups (CGSS)is to provide guarantee upto a specified limit against credit instruments extended by Member Institutions (MIs) to finance eligible Startups.

Requirement of Health Certificate to be accompanied with import of certain food consignments modified

October 6, 2022 1473 Views 0 comment Print

Instruction No. 26/2022-Customs – Requirement of Health Certificate to be accompanied with the import of certain food consignments – modification of Board Instruction No.18/2022-Customs F. No. 401/66/2022-Cus-III Government of India Ministry of Finance Department of Revenue (Central Board of Indirect Taxes & Customs) North Block, New Delhi Instruction No. 26/2022-Customs | Dated the 6th October, […]

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