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Notifications/Circulars

CBIC amends 6 Custom notifications to give effect to Finance Act, 2021

April 8, 2021 1668 Views 0 comment Print

Seeks to amend customs notification No. 101/2007–Customs, dated the 11th September, 2007, notification No. 96/2008-Customs, dated the 13th August, 2008, notification No. 57/2009-Customs, dated the 30th May, 2009, notification No. 50/2018-Customs, dated the 30th June, 2018, notification No.11/2021-Customs, dated the 1st February, 2021 and notification No.13/2021-Customs, dated the 1st February, 2021to make changes consequential to enactment […]

IRDAI: Investment in Alternative Investment Fund (AIFs)

April 8, 2021 1542 Views 0 comment Print

Insurance Regulatory and Development Authority Circular Ref. No:IRDAI/F&I/CIR/INV/074/04/2021 Date: 08-04-2021 CIRCULAR  Investment in Alternative Investment Fund (AIFs) Point 1.5 of Investment – Master Circular, 2017 specifies the conditions applicable for Insurers Investment in Alternative Investment Fund (AIF). The following shall replace the provisions applicable for Fund of Funds (FoF) mentioned in 1.5.3 “1.5.3 (a) No investment is permitted into AIFs […]

Notification No. 27/2021-Customs (N.T./CAA/DRI), Dated: 08.04.2021

April 8, 2021 843 Views 0 comment Print

Notification No. 27/2021-Customs (N.T./CAA/DRI), Dated: 08.04.2021 amending Notification No. 10/2018- Customs (N.T./CAA/DRI) dated 24.07.2018 published vide S.O. 3590(E) dated 24.07.2018. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) (Directorate of Revenue Intelligence) New Delhi. Notification No. 27/2021-Customs (N.T./CAA/DRI) Dated: 8th April, 2021  S.O. 1551(E).—In pursuance of notification No. 60/2015-Customs (N.T.), […]

RBI increases limits for bank lending against NWRs/eNWRs

April 7, 2021 1395 Views 0 comment Print

It has been decided to enhance the PSL limit for loans against NWRs/eNWRs from ₹50 lakh to ₹75 lakh per borrower. The PSL limit backed by the warehouse receipts other than NWR/eNWR will continue to be ₹50 lakh per borrower.

Bank loans to HFCs for on-lending for housing to continue

April 7, 2021 657 Views 0 comment Print

It has been decided to extend the PSL classification for lending by banks to NBFCs for on-lending by six months i.e. up to September 30, 2021. However, bank loans to HFCs for on-lending for the purpose of housing, as prescribed in para 23 of our Master Direction on PSL dated September 4, 2020, will continue on an on-going basis.

RBI relaxes period of parking of unutilised ECB proceeds in term deposits

April 7, 2021 957 Views 0 comment Print

It has been decided to relax the above stipulation as a one-time measure. Accordingly, unutilised ECB proceeds drawn down on or before March 01, 2020 can be parked in term deposits with AD Category-I banks in India prospectively for an additional period up to March 01, 2022.

CBDT Assigns jurisdiction to CsIT(A) over certain Direct tax Acts

April 7, 2021 3651 Views 0 comment Print

Approval for notifying Commissioners of Income-tax (Appeals) to exercise jurisdiction over appeals in cases pertaining to Direct Taxes/ Direct Tax Acts other than Income-tax Act, 1961 post Faceless Appeal Scheme,2020 -reg.

Facilitation Helpdesk for grievance related to clearances of B/E at JNCH

April 7, 2021 2406 Views 0 comment Print

In addition to other functions, Turant Suvidha Kendra (TSK) at Nhava Sheva will act as Facilitation Helpdesk for any grievance related to clearances of the B/E filed in the port.

RBI Monetary Policy- Repo rate unchanged at 4% for 5th Straight MPC

April 7, 2021 789 Views 0 comment Print

Reserve Bank of India Date : Apr 07, 2021 Statement on Developmental and Regulatory Policies This Statement sets out various developmental and regulatory policy measures on (i) liquidity management and support to targeted sectors; (ii) regulation and supervision; (iii) debt management; (iv) payment and settlement systems; (v) financial Inclusion; and (vi) external commercial borrowings. I. Liquidity […]

Relaxation to assessee whose GSTIN canceled during 15.3.2020 to 14.3.2021

April 7, 2021 62886 Views 2 comments Print

If any application for revocation of cancellation of Registration is already rejected on the ground of exceeding 30 days without considering the period from 15-03-2020 to 14-03-2021, the said tax payers may be requested to file an application again and orders passed on merits.

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