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Notifications/Circulars

Contingency Fund of India (Amendment) Rules, 2021

October 4, 2021 5628 Views 0 comment Print

An amount equivalent to forty per cent of the Fund corpus shall be placed at the disposal of the Secretary, Ministry of Finance, Department of Expenditure for the purpose of meeting unforeseen expenditure, and beyond this limit, all further Contingency Fund releases shall be made with the approval of Secretary to the Government of India, Department of Economic Affairs, after the approval of Secretary to the Government of India Department of Expenditure.

Resumption of Blocking of E-Way Bill (EWB) generation facility

October 4, 2021 1215 Views 0 comment Print

1. The blocking of E way bill generation facility had been temporarily suspended by Government on account of Covid pandemic. In terms of Rule 138 E (a) and (b) of the CGST Rules, 2017, the E Way Bill generation facility of a person is liable to be restricted, in case the person fails to file […]

IRDA penalises Safeway Insurance Brokers for violation of Regulations

October 4, 2021 2502 Views 0 comment Print

The charge pertains to non-submission of requisite information by the Broker to the inspection team such as solicitation related documents, mandate letters, comparison chart, quotes, proposal form, policy documents, complaints related documentation etc.

DGFT notifies quantity for export to EU under TRQ scheme

October 4, 2021 1236 Views 0 comment Print

The quantity of 5841 MT sugar (raw and/or white sugar) to be exported to EU under TRQ scheme from 01.10.2021 to 30.09.2022 has been notified.

Amendment in Export Policy of Syringes

October 4, 2021 1494 Views 0 comment Print

The export of Syringes with or without Needles falling under HS code specified above or falling under any other HS code has been put under ‘Restricted’ category with immediate effect. The procedure for submission and approval of application for export of syringes will be notified separately.

RBI clarifies on amount of capital funds that can be raised overseas

October 4, 2021 843 Views 0 comment Print

Several banks have approached RBI to clarify the amount of capital funds that can be raised overseas. It is clarified that eligible amount for purpose of issue of PDIs in foreign currency would mean the higher of (a) 1.5% of Risk Weighted Assets (RWAs) and (b) Total Additional Tier 1 capital as on March 31 of the previous financial year.

IRDA declines renewal request of Vision Digital Insurance TPA

October 4, 2021 1404 Views 0 comment Print

TPA did not fulfill the Minimum Business Requirements during 2019-20 in any of the parameters as specified under regulation 14 of TPA Regulations, 2016 read with the Minimum Business norms as stipulated under Annexure-11 of Circular Ref: IRDAI/TPA/REG/CIR/130/06/2020 dated 03rd June 2020. It is also observed that on an average basis for the years under […]

Anti dumping duty on ‘ceramic tableware & glassware extended

October 4, 2021 2748 Views 0 comment Print

Seeks to extend anti dumping duty on ‘ceramic tableware and glassware’ originating in or exported from Malaysia, to prevent the circumvention of anti dumping duty levied on subject goods originating in or exported from China PR vide Notification No. 4/2018-Customs (ADD) dated 21st February, 2018. MINISTRY OF FINANCE (Department of Revenue) Notification No. 59/2021-Customs (ADD) […]

Online exit process for NPS subscribers under Government Sector

October 4, 2021 639 Views 0 comment Print

PFRDA is pleased to extend the online and paperless process of exit to the Subscribers of Government Sector as an option in addition to the existing physical mode of exit. The online exit would be integrated with Instant Bank Account Verification as per the existing guidelines as part of enhanced due diligence in the interest of Subscribers. The facility would also be available to the employees of Autonomous Bodies of Central/State Government who are covered in NPS.

Income-tax (31st Amendment) Rules, 2021 | Rule 11UE & Rule 11UF

October 1, 2021 4674 Views 0 comment Print

11UE. Specified conditions under Explanation to fifth and sixth proviso to Explanation 5 to clause (i) of sub-section (1) of section 9.− (1) For the purposes of clauses (i), (ii) and (iii) of the Explanation to fifth and sixth proviso to Explanation 5 to clause (i) of sub-section (1) of section 9, the declarant shall furnish an undertaking in Form No. 1 and shall append the undertakings from all the interested parties in Part M of the Annexure to the undertaking in Form No. 1 and furnish all the attachments required to be furnished under any clause or Part thereof.

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