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Changes by CBIC for implementing Tariff Rate Quota (TRQ) licenses

January 25, 2021 1347 Views 0 comment Print

This week we turn to the changes that have been made by CBIC for implementing the Tariff Rate Quota (TRQ) licenses issued by DGFT, To make the process digital and secure, a mechanism to receive the TRQ licenses electronically from DGFT has been implemented and enabled by DG Systems.

Monetary Policy Transparency & Anchoring of Inflation Expectations in India

January 25, 2021 534 Views 0 comment Print

RBI placed on its website a Working Paper titled Monetary Policy Transparency and Anchoring of Inflation Expectations in India under the Reserve Bank of India Working Paper Series.

Regional Economic Convergence in Manufacturing Sector: An Empirical Reflection

January 25, 2021 585 Views 0 comment Print

RBI placed on its website a Working Paper titled Regional Economic Convergence in the Manufacturing Sector: An Empirical Reflection under the Reserve Bank of India Working Paper Series

RBI releases Booklet on Payment Systems in India

January 25, 2021 2205 Views 0 comment Print

The Reserve Bank today released the Booklet on Payment Systems covering the journey of Payment and Settlement Systems in India during the second decade of the millennium, viz., from the beginning of 2010 till the end of 2020.

Nationalised Banks (Management and Miscellaneous Provisions) Amendment Scheme, 2021

January 25, 2021 3540 Views 0 comment Print

14A. Special provision.—Where a nationalised bank is required by law to do any act or thing and in order to do so the recommendations or determination of, or resolution of grievances of security holders by, or in respect of any appointment, approval or review by any Committee of the Board of the bank is required, and if the Board is satisfied that quorum for meeting of such Committee cannot be met on account of either existence of any vacancy in such Committee or recusal by member thereof, the Board may do that act or thing

Further Enhancements in ICES in respect of Faceless Assessment

January 25, 2021 1257 Views 0 comment Print

Continuing with the spirit of system-based facilitation and furthering better administration of the process of Faceless Assessment, following more enhancements have been enabled in ICES.

Notification No. 9/2021-Customs (N.T./CAA/DRI), Dated; 25.01.2021

January 25, 2021 2466 Views 0 comment Print

Notification No. 9/2021-Customs (N.T./CAA/DRI), Dated; 25.01.2021 Appointment of Common Adjudicating Authority. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) (Directorate of Revenue Intelligence ) NOTIFICATION New Delhi, the 25th January, 2021 No. 9/2021-Customs (N.T./CAA/DRI) S.O. 375(E).—In pursuance of notification No. 60/2015-Customs (N.T.), published vide number G.S.R. 453(E), dated 4th June […]

Presidential Awards Notification No. 07/2021 (N.T.) dated 25.01.2021

January 25, 2021 1053 Views 0 comment Print

President is pleased to award Appreciation Certificates and Medals for —Exceptionally Meritorious Service at Risk to Life and Specially Distinguished Record of Service- to the officers and staff CBIC, Department of Revenue, on the occasion of the Republic Day, 2021

Presidential Awards Notification No. 06/2021 (N.T.) dated 25.01.2021

January 25, 2021 1023 Views 0 comment Print

President is pleased to award Appreciation Certificates and Medals for Specially Distinguished Record of Service- to the officers and staff of Central Board of Indirect Taxes and Customs (CBIC), Department of Revenue, for the Republic Day, 2020, as mentioned below:

13th Instalment of Rs. 6000 crore released to States to meet GST compensation shortfall

January 25, 2021 753 Views 0 comment Print

The Ministry of Finance, Department of Expenditure has released the 13th weekly instalment of Rs. 6,000 crore to the States today to meet the GST compensation shortfall. Out of this, an amount of Rs. 5,516.60 crore has been released to 23 States and an amount of Rs. 483.40 crore has been released to the 3 Union Territories (UT) with Legislative Assembly (Delhi, Jammu & Kashmir & Puducherry) who are members of the GST Council. The remaining 5 States, Arunachal Pradesh, Manipur, Mizoram, Nagaland and Sikkim do not have a gap in revenue on account of GST implementation.

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