Annual SCOMET Updates – 2020 has been notified to amend Appendix 3 (SCOMET Items) to Schedule – 2 of ITC (HS) Classification of Export and Import Items, 2018.
The Objective of these guidelines is to standardize the general terms and clauses incorporated in indemnity based Health Insurance [excluding Personal Accident (hereinafter called as PA) and Domestic / Overseas Travel] products by simplifying the wordings of general terms and clauses of the policy contracts and ensure uniformity across the industry.
Where as part of product design insurers propose proportionate deduction of the ‘associated medical expenses’ when a policyholder chooses a higher room category than the category that is eligible as per terms and conditions of the policy, insurers shall define ‘associate medical expenses’ in the terms and conditions of policy contract.
INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA Ref. No: IRDAI/HLT/REG/CIR/149/06/2020 Date:11-06-2020 To All General and Health Insurers (except ECGC, AIC) Re: Guidelines on Telemedicine: 1. Medical Council of India has issued ‘Tele Medicine practice guidelines’ on 25th of March 2020, enabling registered Medical Practitioners to provide Healthcare using Tele Medicine. 2. In the above background, […]
RBI has released a discussion paper today i.e. 12th June 2020, on ‘Governance in Commercial Banks in India’ for public comments To align the current regulatory framework with global best practices while being mindful of the context of domestic financial system. Major Key Highlights – From Company Secretary (CS) Prospective: 1. Appointment of Company Secretary […]
CBIC clarifies on Leviability of GST on remuneration paid by companies to the independent directors or those directors who are not the employee of the said company and Leviability of GST on remuneration paid by companies to the directors, who are also an employee of the said company Vide Circular No: 140/10/2020 – GST Dated […]
CBIC clarifies that Circular No. 135/05/2020GST dated 31st March, 2020 does not in any way impact the refund of ITC availed on the invoices / documents relating to imports, ISD invoices and the inward supplies liable to Reverse Charge (RCM supplies) etc.. It is hereby clarified that the treatment of refund of such ITC relating to […]
IRDAI releases Guidelines on Public Disclosures by Insurers on the qualitative and quantitative parameters of the health services rendered to policyholders
CBIC amends notification No. 30/2015-Customs (ADD) dated 12th June, 2015 to extend the levy of Anti-Dumping duty on nylon tyre cord fabric originating in or exported from China for a further period of 6 months vide Notification No. 15/2020-Customs (ADD) dated 10th June, 2020. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. […]
I am directed to state that the Hon’ble Home Minister has directed that in all cross-border narcotics drug cases affected by the Custom formations, NDPS Act, 1985 should also be invoked under which Custom officers are duly empowered to provide effective deterrence to cross-border smuggling of drugs.
