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Notifications/Circulars

Govt increases Special Additional Excise Duty on production of Petroleum Crude

August 2, 2022 627 Views 0 comment Print

Seeks to amend No. 18/2022-Central Excise, dated the 19th July, 2022 to increase the Special Additional Excise Duty on production of Petroleum Crude and exempt export of Aviation Turbine Fuel vide Notification  No. 22/2022-Central Excise | Dated: 02nd August, 2022 MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification  No. 22/2022-Central Excise | Dated: 02nd […]

Govt reduces Special Additional Excise Duty on Diesel

August 2, 2022 645 Views 0 comment Print

Seeks to further amend No. 04/2022-Central Excise, dated the 30th June, 2022, to reduce the Special Additional Excise Duty on Diesel vide Notification  No. 21/2022-Central Excise | Dated: 2nd August, 2022 MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification  No. 21/2022-Central Excise | Dated: 02nd August, 2022 G.S.R. 613(E).—In exercise of the powers conferred […]

Competition (Amendment) Bill, 2022

August 2, 2022 2250 Views 0 comment Print

Competition (Amendment) Bill, 2022 is Introduced in Lok Sabha to amend the Competition Act, 2002 and to provides for the following, namely:— (a) changes in certain definitions like ‘enterprise’, ‘relevant product market’, ‘Group’, ‘Control’, etc., to provide clarity; (b) broadening the scope of anti-competitive agreements and inclusion of a party facilitating an anti-competitive horizontal agreement […]

GJEPC, Mumbai enlisted under Appendix 2E of FTP, 2015-20

August 1, 2022 528 Views 0 comment Print

Gem & Jewellery Export Promotion Council (GJEPC), Mumbai is enlisted under Appendix 2E of FTP, 2015-20 for issuing Certificate of Origin (Non Preferential).

e-Investment Choice for Government sector NPS subscribers

August 1, 2022 900 Views 1 comment Print

Central Government NPS Subscribers can choose any one of the available PFs and Investment Option as per their choice among the following: A. Active Choice – 100% Allocation into Government Securities B. Conservative Auto Choice – 25% Allocation in Equity Asset Class C. Moderate Auto Choice – 50% Allocation in Equity Asset Class

External Commercial Borrowings (ECB) Policy – Liberalisation Measures

August 1, 2022 1836 Views 0 comment Print

i) increase the automatic route limit from USD 750 million or equivalent to USD 1.5 billion or equivalent. ii) increase the all-in-cost ceiling for ECBs, by 100 bps. The enhanced all-in-cost ceiling shall be available only to eligible borrowers of investment grade rating from Indian Credit Rating Agencies (CRAs). Other eligible borrowers may raise ECB within the existing all-in-cost ceiling, as hitherto.

Weekly newsletter from Chairman, CBIC dated 01/08/2022

August 1, 2022 750 Views 0 comment Print

Last month saw GST revenue collections of Rs. 1,48,995 Crore. This is 28% higher than the corresponding period last year. The growth in GST revenue upto the month of July, 2022 has shown remarkable buoyancy and is about 35% higher as compared to the same period last year.

Amendment in import policy of Malonylurea (Barbituric Acid) & its salts

August 1, 2022 774 Views 0 comment Print

MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) New Delhi, the 1st August, 2022 Notification No. 23/2015-2020-DGFT Subject: Amendment in import policy condition of HS Code 29335200 under Chapter 29 of ITC (HS) 2022, Schedule – I (Import Policy) S.O. 3578(E).—In exercise of powers conferred by Section 3 and Section […]

Master Circular – Credit facilities to Scheduled Castes & Tribes

August 1, 2022 729 Views 0 comment Print

Bank staff may help the borrowers in filling up the forms and completing other formalities so that they are able to get credit facility within a stipulated period from the date of receipt of applications.

Transition period for Mandatory electronic filing of NP CoO extended till 31.03.2023

August 1, 2022 498 Views 0 comment Print

Transition period for mandatory filing of applications for Non-Preferential Certificate of Origin through the e-CoO Platform has been further extended till 31st March 2023.

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