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Notifications/Circulars

CNG exempted from so much of duty of excise leviable on amount of GST paid on Biogas blended with CNG

February 1, 2023 2940 Views 0 comment Print

Budget 2023: Seeks to exempt Compressed Natural Gas (CNG) from so much of the duty of excise leviable on amount of GST paid on Biogas or Compressed Biogas which is blended with CNG. vide  Notification No. 05/2023 -Central Excise Dated : 1st February, 2023 GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. […]

Budget 2023: Detailed analysis of Changes in Customs & Central Excise duty

February 1, 2023 10509 Views 0 comment Print

Finance Minister has introduced the Finance Bill, 2023 in Lok Sabha today, that is 1st February, 2023. Amendments have been proposed through clauses 123 and 124 of the Bill to the Customs Act, 1962, through clauses 125, 126 and 127 of the Bill to the Customs Tariff Act, 1975 and through clause 153 of the Bill to section 136 of the Finance Act, 2001.

Finance Bill 2023 or Union Budget 2023 – Download

February 1, 2023 32352 Views 2 comments Print

Nirmala Sitharaman, Minister of Finance has presented Union Budget 2023-24 today and focused on Socio economic welfare measures, Ease of compliance, Widening and deepening of tax base/Anti-Avoidance, Improving compliance and Tax administration and Rationalisation of Provisions. AS INTRODUCED IN LOK SABHA ON 1ST FEBRUARY, 2023 Bill No. 17 of 2023 THE FINANCE BILL, 2023 A BILL […]

Import of Medical Devices as per requirements of Medical Devices Rules, 2017

February 1, 2023 3231 Views 0 comment Print

Bills of Entry containing Medical Devices including Surgical and Medical Examination Gloves are required to be referred to the concerned Assistant Drug Controller (I) office at the port of import for ensuring the compliance of the requirements before clearance of the medical devices under the Medical Device Rule, 2017.

AIFs to Undertake 10% of Secondary Market Trades in Corporate Bonds By Placing Quotes on RFQ Platform

February 1, 2023 621 Views 0 comment Print

AIFs shall undertake at least 10% of their total secondary market trades in Corporate Bonds by value in a month by placing/seeking quotes on the RFQ Platform.

EOD margin collection requirement in derivatives segments to be calculated on fixed BOD margin parameters

February 1, 2023 1359 Views 0 comment Print

SEBI decided that EOD margin collection requirement from clients, in derivatives segments (including commodity derivatives), shall also be calculated based on fixed BOD margin parameters.

Clarifications on Miscellaneous Matters relating to IRDAI Investments

January 31, 2023 591 Views 0 comment Print

At any point of time, investment in any single Mutual Fund shall not exceed 20% of the total investment in Mutual Funds (all taken together)

Order under section 5(1) read with clause (91) of section 2 of RGST Act, 2017

January 31, 2023 1410 Views 0 comment Print

Chief Commissioner of State Tax, Rajasthan, hereby assign the functions to be performed under this Act by a proper officer under different sections of the said Act as mentioned in the entries in column 2 of the table given below and described in the corresponding entries at column 3 of the said table, to the Proper Officers

IBBI imposes Rs. 1 Lakh penalty on IP for not providing information to financial creditors

January 31, 2023 852 Views 0 comment Print

Certain Homebuyers had requested Mr. Gokhale Insolvency Professional (IP)  as well as RP to provide certain documents/information viz. copy of IM, up to date financials of CD, proceedings before NCLTs, etc. The documents requested by the homebuyers were important documents for taking informed decisions for voting on various resolutions in the CIRP of the CD. […]

Tariff Notification No. 07/2023-Customs (N.T.), Dated: 31.01.2023

January 31, 2023 2370 Views 0 comment Print

Tariff Notification No. 07/2023-Customs (N.T.), Dated: 31.01.2023 – 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. 07/2023-Customs (N.T.) | Dated: 31st January, 2023 S.O. 459(E).— In exercise of the powers conferred by […]

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