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Notifications/Circulars

Constitution (Scheduled Tribes) Order (Amendment) Bill, 2022 introduced in Lok Sabha

January 31, 2022 2163 Views 0 comment Print

Constitution (Scheduled Tribes) Order (Amendment) Bill, 2022 seeks to amend the Constitution (Scheduled Tribes) Order, 1950, by amending the list of Scheduled Tribes in the State of Tripura. The amendment in the list of Scheduled Tribes relating to the State of Tripura may entail additional expenditure on account of benefits to be provided to the persons belonging to the communities proposed in the Bill under the continuing schemes meant for the welfare of the Scheduled Tribes.

Clarification on FAQ issued by U.S. IRS in respect of FATCA

January 31, 2022 1362 Views 0 comment Print

Clarifications have been requested by certain Reporting Financial Institutions (RFIs) in India in respect of the applicability of FAQ 6 (reporting) and FAQ 3 (reporting) issued by U.S. IRS in respect of U.S. reportable accounts under the FATCA Intergovernmental Agreement between the United States of America and other Model 1 jurisdictions.

Weekly newsletter from Chairman, CBIC dated 31.01.2022

January 31, 2022 2466 Views 0 comment Print

On the Anti-Evasion front, the Directorate of Goods and Service Tax Intelligence (DGGI), Meerut Zonal Unit, busted a syndicate involved in creating and controlling fake firms and issuing of bills by these fake firms without supply of any Goods or Services and encashment of GST refund. The investigation involved in-depth analysis of the network and devices used by the syndicate. Preliminary investigations have revealed more than 275 fictitious firms with the total value of the invoices issued being in excess of Rs 3,100 Crore and the total GST evaded estimated to be about Rs. 362 Crore.

Tariff Notification No. 06/2022-Customs (N.T.), Dated: 31.01.2022

January 31, 2022 2928 Views 0 comment Print

Notification No. 06/2022-Customs (N.T.), Dated: 31.01.2022 – Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver  MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi, the 31st January, 2022 Notification No. 06/2022-Customs (N.T.) S.O. 404(E).—In exercise of the powers conferred by sub-section (2) of […]

Government removes restriction on Export of Syringes

January 31, 2022 681 Views 0 comment Print

The export policy of all kinds of syringes falling under HS code as mentioned above or falling under any other HS code has been made ‘Free’ with immediate effect.

CBDT set-up up office for operationalising Interim Boards for Settlement

January 31, 2022 3705 Views 0 comment Print

CBIC hereby sets up office for the Interim Boards for Settlement (hereinafter referred to as ‘the IBS’) as specified in Column 2 of the Schedule below, with their headquarters at the places mentioned in Column 3 of the said Schedule and comprising of Income-tax Authorities as specified in Column 4 of the said Schedule.

SEBI {KYC (Know Your Client) Registration Agency} (Amendment) Regulations, 2022

January 28, 2022 2667 Views 0 comment Print

1. These regulations may be called the Securities and Exchange Board of India {KYC (Know Your Client) Registration Agency} (Amendment) Regulations, 2022. 2. They shall come into force on the date of their publication in the Official Gazette.

National Bank for Financing Infrastructure and Development General Rules, 2022

January 28, 2022 1284 Views 0 comment Print

(1) These rules may be called the National Bank for Financing Infrastructure and Development General Rules, 2022. (2) They shall come into force on the date of their publication in the Official Gazette.

RBI advisory on Cyber Threats and Frauds

January 28, 2022 1329 Views 0 comment Print

Fraudsters attempt to get confidential details like user id, login / transaction password, OTP (one time password), debit / credit card details such as PIN, CVV, expiry date and other personal information.

Procedures for application for Tariff Rate Quota under FTA/CECA for FY2022-23

January 27, 2022 3189 Views 0 comment Print

Reference is invited to para 2.107 of the HBP, wherein the details of allocation of Tariff Rate Quota (TRQ) under various FTA/CECA are notified. The procedure for application of TRQ has been laid down in Annexure I, II and III of Appendix 2A of the Handbook of Procedures.

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