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Notifications/Circulars

Foreign Exchange Management (Borrowing and lending) (Amendment) Regulations, 2021

May 24, 2021 6978 Views 0 comment Print

An AD in India may lend to a person resident outside India for making margin payments in respect of settlement of transactions involving Government Securities by the person resident outside India, subject to such terms and conditions as may be specified by the Reserve Bank.

Guidelines for Amalgamation of District Central Co-op Banks with State Co-op Bank

May 24, 2021 2085 Views 0 comment Print

The proposal should be in compliance with the legal requirements, past orders/ rulings of the Courts, if any. The State Government shall verify that there are no Court Orders prohibiting or staying the proposal for amalgamation.

Validation of Bank accounts at PFMS level at Nhava Sheva Customs

May 24, 2021 4257 Views 0 comment Print

For the benefit of stakeholders, a one-time drive is being launched by Nhava Sheva Customs to address all the issues relating to non-validation on account of bank account at PFMS level and ensure that the Drawback/IGST refunds are successfully scrolled out to the stakeholders. A list of all cases requiring validation of bank account details at PFMS level is annexed herewith.

Anti-dumping duty on imports of ‘1,1,1,2-Tetrafluoroethane or R-134a’ extended

May 24, 2021 1560 Views 1 comment Print

Anti-dumping duty on imports of ‘1,1,1,2-Tetrafluoroethane or R-134a’, originating in or exported from China PR shall remain in force up to and inclusive of the 10th January, 2022, unless revoked, superseded or amended earlier. Notification No. 30/2021-Customs (ADD) Dated 24th May, 2021 MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 24th May, 2021 […]

Fee Structure for IFSC Insurance offices (IIOs)

May 24, 2021 720 Views 0 comment Print

In supersession of clause 9 and 10(a) of the IRDAI (Registration and Operation of IIOs) Guidelines, 2017, the International Financial Services Centres Authority (IFSCA) hereby specifies the following fee structure for IFSC Insurance offices (IIOs):

Fee Structure for IFSC Insurance Intermediary Offices (IIIOs)

May 24, 2021 819 Views 0 comment Print

4. The above fee structure is applicable with effect from 01st day of October 2020 and the fee is payable on financial year basis. 5. The Annual Fee for Financial year 2020-21 and Financial year 2021-22 shall be paid within one month of issuance of this Circular.

NCLAT revises SOP to facilitate e filing of documents

May 24, 2021 1281 Views 0 comment Print

The Honble Competent Authority, NCLAT has taken note of the present precarious conditions created by COVID-19 situation, and the difficulties of parties in reaching NCLAT for filing hard copies due to the prevailing pandemic situation.

Rule 11UAE Computation of FMV of Capital Assets for Section 50B

May 24, 2021 26574 Views 0 comment Print

CBDT notifies Rule 11UAE Computation of Fair Market Value of Capital Assets for the purposes of section 50B of Income-tax Act, 1961 vide Notification No.68/2021 Dated 24th May, 2021. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 68/2021 – Income Tax Dated: 24th May, 2021 G.S.R. 338(E).— In […]

GoM on GST on Casinos, Race Courses and Online Gaming

May 24, 2021 1692 Views 0 comment Print

In pursuance of the decision of the GST Council a Group of Ministers (GoM) on Casinos, Race Courses and Online Gaming has been constituted.

GoM on Capacity based taxation & Special Composition Scheme in Certain Sectors on GST

May 24, 2021 2412 Views 0 comment Print

In pursuance of the decision of the GST Council a Group of Ministers Capacity based taxation and Special Composition Scheme in Certain GST has been constituted.

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