Generation and quoting of Document Identification Number (DIN) on communications issued under GST by the officers of the Directorate to tax payers and other concerned persons.
Instances of non-compliance with Indian Accounting Standards (Ind ASs) on Accounting Policies for measurement of Revenue from Contracts with Customers and Trade Receivables
For the purpose of valuation of imported goods and export goods under section 14 of the Customs Act, it is proposed to introduce a system of normally publishing the currency exchange rates on ICEGATE website every day, replacing the existing system of notifying exchange rates fortnightly (twice a month). In this regard, a draft Circular is attached.
FOOD SAFETY AND STANDARDS AUTHORITY OF INDIA NOTIFICATION New Delhi, the 29th March, 2023 F. No. Std/SP-05/T(IFR-02).—The following draft of certain regulations, further to amend the Food Safety and Standards (Foods for Infant Nutrition) Regulations, 2020, which the Food Safety and Standards Authority of India proposes to make with the previous approval of the Central […]
On the anti-smuggling side, the week gone by saw officers of Chennai Airport Customs, interdict two arriving passengers who were attempting to smuggle a De Braza Monkey, a Mantled Guereza and two Spider Monkeys. The animals were rescued and deported back to their originating country. Congratulations to the officers for an excellent detection.
To facilitate accounting of all Government transactions for current financial year (2022-23) by March 31, 2023, it has been decided to conduct Special Clearing exclusively for Government Cheques across three CTS grids on March 31, 2023
Seeks to amend notification 8/2020-Customs, dated 02.02.2020 to continue/provide health cess exemption on import of goods for use in the manufacture of X-ray machines MINISTRY OF FINANCE (Department of Revenue) Notifications No. 18/2023-Customs Dated : 29th March, 2023 G.S.R.236(E).—In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 […]
Seeks to amend notification 50/2017-Customs dated 30.06.2017 to continue/provide BCD exemption on import of specific textile machineries parts & raw materials for manufacture of goods to be supplied in connection with the purposes of off-shore oil exploration or exploitation medicines of rare diseases and goods for use in the manufacture of X-ray machines. MINISTRY OF […]
Yesterday The Chairperson of Stock Exchange Board of India had conducted a press conference in which Board have approved number of changes having far reaching effects on securities market. Lets understand them in detail – 1. Institutional Mechanisms To Detect Fraud SEBI recognized that brokers play a very important role in stock market day to […]
Section 143(3)(d) of Companies Act, 2013 states that ‘the auditors report shall state whether, the company’s balance sheet and profit and loss account dealt with in the report are in agreement with the books of account and returns’. It is apparent from the financial statements for the financial year ended 31.03.2021 Interest Accrued” on Secured […]
