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Notifications/Circulars

Amendments in Para 4.42 of Handbook of Procedures 2015-2020

February 28, 2023 1554 Views 0 comment Print

DGFT Simplifies process of levying Composition Fee for Export Obligation Extension to include more cases under Advance Authorization Scheme

Tariff Notification No. 11/2023-Customs (NT) Dated: 28th February, 2023

February 28, 2023 2004 Views 0 comment Print

Tariff Notification No. 11/2023-Customs (NT) Dated: 28th February, 2023 – Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi Notification No. 11/2023-Customs (N.T.) Dated: 28th February, 2023 S.O. 945(E).— In exercise of the powers conferred […]

Term ‘Sub-standard lives’ mentioned in IRDAI (Health Insurance) Regulations 2016 revised

February 28, 2023 906 Views 0 comment Print

The underwriting policy shall also cover the approach and aspects relating to offering health insurance coverage. It shall have in place various objective underwriting parameters to differentiate the various classes of risks being accepted in accordance with the respective risk categorization

IBBI caution IP for not providing calculation & method in valuation report

February 28, 2023 933 Views 0 comment Print

IBBI notes the submission of Ms. Gunjan Agarwal that she has done aging analysis of trade receivables and thereby categorized in six categories A (15%) to E (2.5%) and that some debtors whose balance consists of 2 categories, i.e., within 2 years and also included an amount outstanding for more than 2 years, accordingly FV […]

IBBI suspends IP for various contraventions of IBC 2016

February 28, 2023 474 Views 0 comment Print

The Authority does not agree with the assumption of Mr. Sandeep Kumar Agarwal that as a normal banking practice Corporation Bank would definitely adjust this FD against its dues and accordingly nil amount is considered. Mr. Sandeep Kumar Agarwal did not check with banks or liquidator whether actual adjustment has been done and whether the […]

CBIC Instruction on Completion of Data Entry in DIGIT for Customs Cases

February 28, 2023 2757 Views 0 comment Print

CBIC instruction regarding the completion of data entry in DIGIT for customs cases. Learn about the purpose of DIGIT, types of cases to be entered, stages of data entry, timelines, and responsibilities of DIGIT Nodal Officers.

Service Tax on agreeing to obligation to refrain from an act or to tolerate an act or a situation

February 28, 2023 9837 Views 0 comment Print

It is clarified that activities contemplated under section 66E(e), i.e. when one party agrees to refrain from an act, or to tolerate an act or a situation, or to do an act, are the activities where agreement specifically refers to such an activity and there is a flow of consideration for this activity.

GST compensation cess rate on Coal rejects supplied to or by a coal washery

February 28, 2023 4182 Views 0 comment Print

Coal rejects supplied to a coal washery or by a coal washery, arising out of coal on which compensation cess has been paid and input tax credit thereof has not been availed by any person

Duty exemption on tag, tracking device or data logger already affixed on container at the time of import

February 28, 2023 1008 Views 0 comment Print

A device such as tag, tracking device or data logger already affixed on the container at the time of import shall also be eligible for exemption from the duty of customs and the integrated tax as is available to the said container under this notification.

SEBI (Depositories and Participants) (Amendment) Regulations, 2023

February 28, 2023 2586 Views 0 comment Print

These regulations may be called the Securities and Exchange Board of India (Depositories and Participants) (Amendment) Regulations, 2023.

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