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Notifications/Circulars

Seeks to impose ADD on Imports of Untreated Fumed Silica from China PR

November 11, 2021 1275 Views 0 comment Print

Seeks to impose ADD on Imports of Untreated Fumed Silica from China PR – reg.- Notification No. 66/2021-Customs (ADD), Dated: 11/11/2021 MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 11th November, 2021 Notification No. 66/2021-Customs (ADD) S.O. 790(E). Whereas, in the matter of “Untreated Fumed Silica” (hereinafter referred to as the subject goods), falling […]

CBIC removes levy of ADD on Medium Density Fiberboard

November 11, 2021 711 Views 0 comment Print

Seeks to rescind Notification No. 34/2016 – Customs (ADD) dated 14th July, 2016 to remove levy of ADD on Medium Density Fiberboard- Notification No. 65/2021-Customs (ADD), Dated 11.11.2021 MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 11th November, 2021 Notification No. 65/2021-Customs (ADD) G.S.R. 789(E).—In exercise of the powers conferred by sub-sections (1) […]

FCNR(B) – Master Direction on Interest Rate on Deposits

November 11, 2021 2664 Views 0 comment Print

Reserve Bank of India RBI/2021-2022/123 DOR.SOG (SPE).REC.No 67/13.03.00/2021-22 November 11, 2021 All Scheduled Commercial Banks (including Regional Rural Banks) All Small Finance Banks All Local Area Banks All Payment Banks All Primary (Urban) Co-operative Banks/ DCCBs /State Cooperative Banks Dear Sir / Madam, Foreign Currency (Non-resident) Accounts (Banks) Scheme [FCNR(B)] – Master Direction on Interest […]

DGFT enlist 2 new agencies under Appendix 2E of FTP 2015-2020

November 11, 2021 753 Views 0 comment Print

Two new agencies namely Council for Leather Exports (CLE) and Udaipur Chamber of Commerce & Industry (UCCI) are enlisted under Appendix 2E of FTP, 2015-2020 for issuing Certificate of Origin (Non-Preferential). Name of Marathwada Industries Association, already enlisted under Appendix 2E, has been amended as Chamber of Marathwada Industries and Agriculture (CMIA). Contact details of […]

Minimum Holding Period on Sale /Transfer of loan assets

November 11, 2021 1170 Views 0 comment Print

IFSCA clarified that the Authority does not mandate any Minimum Holding Period (MHP) requirement pertaining to sale/transfer of loan assets (by any means) by/to IBUs. IBUs undertaking such transactions are advised to undertake necessary due diligence and, if felt necessary, insert necessary provisions in the agreement to protect its interest such as for retention of a part of the asset or portfolio by the seller and/or minimum period of retention of the asset or portfolio by the seller prior to transfer (i.e.MHP). The IBUs may also put in place a policy for determining the MHP requirement for such transactions.

DGFT notifies ‘Hamilton Steel Logistics Inc’ as PSIA

November 10, 2021 978 Views 0 comment Print

M/s Hamilton Steel Logistics Inc is recognized for Pre-Shipment Inspection Certificates as per provision of Para 2.55(e) of HBP, 2015-20 from the date of issue of this Public Notice. Details of approved spectrometers and survey meters for issuance of PSIC by this agency are annexed.

Credit Information Companies (Amendment) Regulations, 2021

November 10, 2021 7824 Views 0 comment Print

(1) These regulations may be called the Credit Information Companies (Amendment) Regulations, 2021. (2) They shall come into force on the date of their publication in the official gazette.

Procedures for refund of excise duty on purchase of petrol/diesel/fuel oil by Diplomatic Missions Reg.

November 10, 2021 4152 Views 0 comment Print

It has come to notice of the Board that at certain places, the Diplomatic Missions are facing difficulties in getting refund of excise duty paid on petrol/diesel/fuel oil, etc.

CBIC Notification allowing Centralised registration for Petroleum Crude

November 10, 2021 429 Views 0 comment Print

CBIC hereby exempts from the operation of said rule, every manufacturing unit engaged in the manufacture or production of Petroleum Crude, falling under tariff heading 2709 00 10 of the Fourth Schedule to the Central Excise Act, 1944 (1 of 1944) (hereinafter referred to as the specified goods), where the manufacturer of such goods has a centralised billing or accounting system in respect of specified goods manufactured or produced by different units or premises and opts for registering only the unit or premises or office, from where such centralised billing or accounting is done.

Section 10(46) exemption to ‘Assam Building and Other Construction Workers Welfare Board’

November 10, 2021 2445 Views 0 comment Print

Vide Notification No. 131/2021- Income Tax, Dated: 10.11.2021 CBDT notifies Tax Exemption to ‘Assam Building and Other Construction Workers Welfare Board’ in respect of the specified income under section 10(46) of Income Tax Act, 1961. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 10th November, 2021 S.O. 4637(E).—In exercise […]

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