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Notifications/Circulars

Guidelines for Compulsory Income Tax Scrutiny – FY 2023-24 clarification

August 3, 2023 19230 Views 3 comments Print

Government of India issues guidelines for compulsory selection of returns for Complete Scrutiny during FY 2023-24. Find the procedure and clarification here.

Violation of Main Object Clause of MOA: MCA imposes ₹3 Lakh Penalty

August 3, 2023 2769 Views 0 comment Print

Learn about the penalty imposed by MCA for violating the main object clause of MOA. Detailed analysis of the case and implications. Read more.

Digital Personal Data Protection Bill, 2023

August 3, 2023 975 Views 0 comment Print

Lok Sabha introduced a revolutionary bill aimed at safeguarding digital personal data of individuals – Digital Personal Data Protection Act, 2023

New Procedure for Clearance of Restricted Goods – JNCH

August 3, 2023 1038 Views 0 comment Print

Updates on new procedures for clearance of restricted goods via Special Import License at Jawaharlal Nehru Custom House. Understand the step-by-step process.

Amendment in Red Sanders Wood Export Policy, DGFT 2023

August 3, 2023 3273 Views 1 comment Print

DGFT Notification No. 25/2023 outlines amendments to Red Sanders wood export policy, including quotas and sustainability measures.

NFRA Fines Bartronics India Auditor, Enforces Debarment

August 3, 2023 12867 Views 0 comment Print

National Financial Reporting Authority imposes ₹5 lakh penalty on Bartronics India’s auditor, CA T. Raghavendra, with a 2-year debarment.

MCA imposes 66.16 Lakh penalty for Violation of CSR provisions

August 3, 2023 19413 Views 0 comment Print

Registrar of Companies, Karnataka, imposes a substantial 66.16 Lakh penalty on Saankhya Labs Private Limited for violating CSR provisions under Companies Act, 2013.

Deferred Payment of Import Duty (Amendment) Rules, 2023

August 3, 2023 3462 Views 0 comment Print

CBIC announced an amendment to the Deferred Payment of Import Duty Rules, 2016 vide Notifications No. 58/2023-Customs (N.T.), Dated: 3rd August, 2023. Known as the Deferred Payment of Import Duty (Amendment) Rules, 2023, it signifies an important shift in import regulations. Analysis: The amendment brings two significant changes to the 2016 rules. Firstly, it provides […]

ADD on Dispersion Unshifted Single Mode Optical Fiber From China, Indonesia, Korea

August 3, 2023 1299 Views 0 comment Print

India imposes Anti-Dumping Duty (ADD) on Dispersion Unshifted Single-Mode Optical Fiber (SMOF) exported from China, Indonesia, and Korea. Read details here.

New Forex Rates from 4th August 2023: CBIC Notification 57/2023

August 3, 2023 2799 Views 0 comment Print

CBIC Notification 57/2023 declares new forex rates effective from 4th August 2023, superseding Notification 54/2023. Check the updated currency exchange rates.

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