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Weekly Newsletter From Chairman, CBIC Dated 17/05/2021

May 17, 2021 870 Views 0 comment Print

As a part of taxpayer facilitation, we have automated most of our refund/ drawback processes and amounts due to the taxpayers, especially of IGST that get automatically processed and credited without human intervention.

Proposed framework for Gold Exchange in India and draft SEBI (Vault Managers) Regulations, 2021

May 17, 2021 2511 Views 0 comment Print

SEBI seeks public comments on the Consultation Paper on the proposed framework for Gold Exchange in India and draft SEBI (Vault Managers) Regulations, 2021

Consumer Protection (E-Commerce) (Amendment) Rules, 2021

May 17, 2021 3405 Views 0 comment Print

Where an e-commerce entity is a company incorporated under the Companies Act, 1956 (1 of 1956) or under the Companies Act, 2013 (18 of 2013) or a foreign company covered under clause (42) of section 2 of  the Companies Act, 2013 (18 of 2013) or an office, branch or agency outside India owned or controlled by a person resident in India as provided in sub-clause (iv) of clause (v) of section 2 of the Foreign Exchange Management Act, 1999 (42 of 1999), it shall appoint a nodal officer or an alternate senior designated functionary who is resident in India, to ensure compliance with the provisions of the Act or the rules made thereunder.

Analysis of Customs (Import of Goods at Concessional Rate of Duty) Amendment Rules, 2021

May 17, 2021 5283 Views 0 comment Print

Customs (Import of Goods at Concessional Rate of Duty) Amendment Rules, 2021 have been introduced in view of the demands from the trade and industry and having regard to their changing needs as per prevalent global practices. The amendments are also an effort towards creating an enabling environment for the promoting manufacturing by domestic industry to make them competitive globally and also make them self-reliant in furtherance of the goal of Atmanirbhar Bharat.

Haryana Govt reimbursement of IGST on import of Covid relief materials

May 17, 2021 1377 Views 0 comment Print

State of Haryana is facing acute shortage of liquid medical oxygen and other health equipment such as ventilators, medicines etc. Large number of Corporates, Non-Government Organisations (NGOs) and individuals are coming forward to help the State Government in its efforts to augment the health infrastructure and equipment by way of donating such material to Government medical facilities.

CBDT notifies ‘Indo-Infra Inc.’ as pension fund | Section 10(23FE)

May 17, 2021 1221 Views 0 comment Print

CBDT notifies pension fund, namely, ‘Indo-Infra Inc.’ under sub-clause (iv) of clause (c) of the Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961  in respect of the eligible investment made by it in India on or after 17th May 2021 but on or before the 31st day of March, 2024 […]

Criteria for BUs to become trading/clearing members of IFSCA recognized stock exchanges- clarification

May 17, 2021 642 Views 0 comment Print

IFSC (Banking) Regulation, 2020- Directions for implementation – Criteria for BUs to become trading/clearing members of IFSCA recognized stock exchanges- clarification

Transparent Float Glass (Quality Control) Order, 2021

May 17, 2021 3489 Views 0 comment Print

Compulsory use of Standard Mark.–The goods or articles specified in column (1) of the Table shall conform to the corresponding Indian Standard mentioned in column (2) of the said Table and shall bear the Standard Mark under a licence from the Bureau as per Scheme I of Schedule-II of the Bureau of Indian Standard (Conformity Assessment) Regulations, 2018:

CASS Selection norms/ Instruction for Tax Scrutiny for A.Y 2019-20

May 17, 2021 18651 Views 0 comment Print

Computer Assisted Scrutiny Selection (CASS) 2020 Cycle for ITRs of A.Y. 2019-20 for the current year has been finalized. The Board has approved the parameters for selection of cases and cases are visible to the Assessing Officers.

Homoeopathy Central Council (Amendment) Ordinance, 2021

May 16, 2021 651 Views 0 comment Print

MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi the 16th May, 2021 THE HOMOEOPATHY CENTRAL COUNCIL (AMENDMENT) ORDINANCE, 2021 NO. 6 OF 2021 Promulgated by the President in the Seventy-second Year of the Republic of India. An Ordinance further to amend the Homoeopathy Central Council Act, 1973. WHEREAS Parliament is not in session and […]

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