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Notifications/Circulars

Faceless Assessment (1st Amendment) Scheme, 2021

February 17, 2021 14397 Views 0 comment Print

CBDT amends Faceless Assessment Scheme, 2019 vide Faceless Assessment (1st Amendment) Scheme, 2021 and specified the procedure for Assessment under Faceless Assessment Scheme, 2019. Notification No. 6/2021-Income Tax Dated: 17th February, 2021. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 6/2021-Income Tax Dated: 17th February, 2021 S.O. 741(E).—In […]

CBIC exempts import of Gold & Silver & their dore under Export promotion schemes from AIDC

February 17, 2021 2454 Views 0 comment Print

CBIC amends notification No. 11/2021-Customs dated 01.02.2021 so to exempt Gold & Silver (and their dore) imported under export promotion schemes from Agriculture Infrastructure and Development Cess (AIDC) vide Notification No. 18/2021 – Customs Dated: 17th February, 2021. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi, NOTIFICATION No. […]

Notification No. 17/2021-Customs Dated: 17th February, 2021

February 17, 2021 8265 Views 0 comment Print

CBIC amends notification no 57/2000-Customs dated 08.05.2000 vide Notification No. 17/2021 – Customs Dated: 17th February, 2021 so as to align it with notification No. 50/2017-Custom dated 30.06.2017. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi, NOTIFICATION No. 17/2021 – Customs Dated: 17th February, 2021 G.S.R. 116(E).-In exercise […]

CBIC allows Officer Interface on permanent basis with fees for resolving invoice mis-match errors

February 17, 2021 2070 Views 0 comment Print

It has been decided as a measure of trade facilitation to keep the Officer Interface available on permanent basis to resolve such errors on payment of specified fee by the exporter. The exporter may avail the facility of correction of Invoice mis-match errors (error code SB-005) in respect of all past shipping bills, irrespective of its date of filling, by following the procedure as provided in the above Circulars, subject to payment of Rs. 1,000/- as fee towards such rendering of service by Customs Officers for correlation and verification of the claim.

Provision for Unhedged Foreign Currency Exposure by Banks- Reg.

February 17, 2021 8763 Views 0 comment Print

Banks may use data pertaining to the immediate preceding quarter for computing capital and provisioning requirements in case of Unhedged Foreign Currency Exposures.

Master Direction – NBFC – HFC (Reserve Bank) Directions, 2021

February 17, 2021 5979 Views 0 comment Print

Master Direction – Non-Banking Financial Company – Housing Finance Company (Reserve Bank) Directions, 2021- The Reserve Bank of India (the Bank), having considered it necessary in the public interest, and being satisfied that, for the purpose of enabling the Bank to regulate the financial system to the advantage of the country and to prevent the affairs of any Housing Finance Company (HFCs) from being conducted in a manner detrimental to the interest of investors and depositors

Major Port Authorities Act, 2021

February 17, 2021 1335 Views 0 comment Print

THE MAJOR PORT AUTHORITIES ACT, 2021 is An Act to provide for regulation, operation and planning of Major Ports in India and to vest the administration, control and management of such ports upon the Boards of Major Port Authorities and for matters connected therewith or incidental thereto.

NITI Aayog to use Aadhar authentication for its Kashi  programme on voluntary basis

February 17, 2021 888 Views 0 comment Print

Government of India have authorised Atal Innovation Mission , NITI Aayog, Government of India to use Aadhar authentication of its Kashi (Cash over Internet) programme on voluntary basis.

Minimum Public Offer (MPO) requirements for large issuers relaxed

February 17, 2021 5952 Views 0 comment Print

Presently, in terms of Securities Contracts (Regulation) Rules, 1957 (SCRR), issuers with post issue market capital of at least Rs 4,000 crores or more, are required to offer to public at least 10% of its post issue market capital (‘Minimum Public Offer’ – MPO). Further, such issuers are also required to achieve a minimum public shareholding (MPS) of at least 25% within three years from the date of listing.

Anti-dumping investigation – Imports of Plastic Processing Machines

February 17, 2021 2139 Views 0 comment Print

(Case No- AD-OI-46/2020) Anti-dumping investigation concerning imports of Plastic Processing Machines originating in or exported from China PR.

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