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Notifications/Circulars

Passenger Name Record Information Regulations, 2022

August 8, 2022 5406 Views 0 comment Print

(1) These regulations may be called as the Passenger Name Record Information Regulations, 2022. (2) They shall come into force from the date of their publication in the Official Gazette.

Amendment in Export Policy of Wheat Flour, Maida, Samolina (Rava / Sirgi)

August 8, 2022 2361 Views 0 comment Print

Export Policy of items [Wheat Flour (Atta), Maida, Samolina (Rava / Sirgi), Wholemeal atta and resultant atta] under HS Code 1101 remains ‘Free’,

Authorised Dealer Category-I License eligibility for Small Finance Banks

August 8, 2022 2793 Views 0 comment Print

All the scheduled SFBs, after completion of at least two years of operations as Authorised Dealer Category-II, will be eligible for Authorised Dealer Category-I license, subject to compliance with the eligibility norms given in the Annex-I.

RBI allows authorized SPDs to offer FCS-OIS

August 8, 2022 1293 Views 0 comment Print

SPDs, authorized under section 10(1) of FEMA, 1999 shall also be eligible to offer FCS-OIS to persons not resident in India as well as to other AD Cat-I banks and eligible SPDs.

Electricity (Amendment) Bill, 2022 introduced in Lok Sabha

August 8, 2022 897 Views 0 comment Print

The Electricity (Amendment) Bill, 2022, inter alia, provides for the following, namely:— (i) to amend section 8 of the Act so as to streamline the concurrence of the hydro generating station by the Authority to facilitate development of the hydro sector in the country; (ii) to amend section 14 of the Act in order to […]

Weekly newsletter from Chairman, CBIC dated 08/08/2022

August 8, 2022 684 Views 0 comment Print

DRI detected a case of evasion of Customs duty by resorting to wilful mis-declaration in description of certain items imported for use in manufacture of mobile phones.

Instructions for AO after Adverse observations of Allahabad HC

August 7, 2022 12954 Views 2 comments Print

Income Tax Department Issues Instructions for Assessing Officers after Adverse Observations of Hon. Allahabad High Court in in Civil Misc. Writ Petition (Tax) No. 723 of 2022 in the case of S.R. Cold Storage Vs. Union of India and others. OFFICE OF THE PRINCIPAL CHIEF COMMISSIONER OF INCOME-TAX UP (WEST) & UTTARAKHAND REGION AAYAKAR BHAWAN, […]

Weapons of Mass Destruction and Their Delivery Systems (Prohibition of Unlawful Activities) Amendment Act, 2022

August 6, 2022 537 Views 0 comment Print

No person shall finance any activity which is prohibited under this Prohibition Act, or under the United Nations (Security Council) Act, 1947 or any other relevant on financing Act for the time being in force, or by an order issued under any such Act, in relation to weapons of mass destruction and their delivery systems.

Indian Antarctic Act, 2022

August 6, 2022 1593 Views 0 comment Print

Indian Antarctic Act, 2022shall apply to (a) a citizen of India; or (b) a citizen of any other country; or (c) a company, body corporate, corporation, partnership firm, joint venture, an association of persons or any other entity incorporated, established or registered as such under any law in force in India; or

Guideline for Verification of Application for grant of new GST registration

August 5, 2022 9462 Views 0 comment Print

Registration of any business entity under the GST Law implies obtaining a unique GSTIN from the concerned tax authorities for the purpose of collecting tax on behalf of the Government and to avail ITC for the taxes paid on the inward supplies.

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