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Notifications/Circulars

General Waiver of penalty for late thing of Bill of Entry due to ICES being down for DR Drill and Maintenance

June 28, 2022 534 Views 0 comment Print

Though the ICES was functional intermittently on 25.06.2022, the members of trade have conveyed that they faced difficulty in filing the Bills of Entry, on time, on that day.

Committees at Market Infrastructure Institutions (MIIs) in IFSC

June 28, 2022 1122 Views 0 comment Print

The MII shall ensure that on every Committee, except IGRC, the number of Public Interest Directors (PIDs) shall not be less than the total of number of Shareholder Directors, Key Management Personnel (KMPs), independent external persons, etc. put together, wherever Shareholder Directors, KMPs, independent external persons, etc. are part of the concerned Committee.

DGGI Meerut recovers 31 Crore GST from entities not registered under GST

June 27, 2022 2316 Views 0 comment Print

Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes & Customs North Block, New Delhi-110 001 Tel. : +91-11-23092849, Fax : +91-11-23092890 E-mail : vivekjohri.irs@gov.in DO No. 30/CH(IC)/2022 27th June, 2022 Last week, the 139th/ 140th Sessions of the World Customs Organization (WCO) Council were held in Brussels, Belgium. The […]

CBDT notifies Seventy Second Investment Company LLC U/s. 10(23FE)

June 27, 2022 1821 Views 0 comment Print

Notification of Seventy Second Investment Company LLC as a sovereign wealth fund under section 10(23FE) of the Income tax Act, 1961 vide Notification No. 69/2022-Income Tax, Dated: 27.06.2022 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi, the 27th June, 2022 Notification No. 69/2022-Income Tax S.O. 2910(E).—In exercise of powers conferred […]

DGFT clarifies on Chip Import Monitoring System (CHIMS)

June 27, 2022 8826 Views 2 comments Print

A. Whether multiple consignments against a CHIMS registration can be imported within the validity period of CHIMS Registration? Response: Importer may include multiple products in one registration number. However, for each shipment a separate registration number is required.

IRS officer Nitin Gupta appointed as New CBDT Chairman

June 25, 2022 2781 Views 0 comment Print

The Appointments Committee of the Cabinet has approved the appointment of Shri Nitin Gupta, IRS (IT:86), Member, Central Board of Direct Taxes (CBDT) as Chairman, Central Board of Direct Taxes (CBDT) from the date of charge of the post.

DGFT notifies 1 new agency (PSIA) alongwith approved equipments

June 24, 2022 3807 Views 0 comment Print

01 Agency is notified as PSIAs alongwith their approved equipments. Additional areas of operation in respect of 02 existing PSIAs and additional instruments in respect of 03 existing PSIAs have also been notified. Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan, New Delhi Public Notice No. 16/2015-2020 Dated the 24th […]

SEBI extends timeline for Validation of KYC records by Registered Intermediaries

June 24, 2022 1845 Views 0 comment Print

2.1. KYC records of all existing clients (who have used Aadhaar as an OVD) shall be validated within a period of 180 days from August 01, 2022. 2.2. The validation of all KYC records (new and existing) shall commence from August 01, 2022.

Guidelines for Large Value Fund for Accredited Investors & Requirement of Compliance Officer for Managers of all AIFs

June 24, 2022 2145 Views 0 comment Print

Securities and Exchange Board of India Circular No. SEBI/HO/AFD/RAC/CIR/2022/088 | Dated: June 24, 2022 To, All Alternative Investment Funds (AIFs) Sir/ Madam, Sub: Guidelines for Large Value Fund for Accredited Investors under SEBI (Alternative Investment Funds) Regulations, 2012 and Requirement of Compliance Officer for Managers of all AIFs A. Guidelines for Large Value Fund for Accredited Investors […]

Reduction of timelines for listing of units of privately placed InvIT

June 24, 2022 1041 Views 0 comment Print

SEBI decided to reduce the time taken for allotment and listing of units of privately placed Infrastructure Investment Trust (InvIT)

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