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Notifications/Circulars

Introduction of credit risk based single issuer limit for investment by mutual fund schemes

November 29, 2022 1092 Views 0 comment Print

Mutual fund scheme shall not invest more than 10% of its NAV in debt instruments, issued by a single issuer, comprising money market securities and non-money market securities rated investment grade or above by a Credit Rating Agency (CRA).

Incorporation of new policy condition against Organic Non-Basmati Broken Rice

November 29, 2022 1665 Views 0 comment Print

Export of Organic Non-basmati rice, including Organic Non-basmati broken rice, will be governed as per provisions under Notification No.03/2015-2020 dated 19th April, 2017 – Notification No. 45/2015-2020-DGFT | Dated:  29th November, 2022.  Government of India Department of Commerce Directorate General of Foreign Trade Vanijya Bhawan, New Delhi Notification No. 45/2015-2020-DGFT | Dated:  29th November, 2022 Subject: […]

Non-appointment of CS as registered office of Company was in undeveloped small township – Penalty reduced

November 29, 2022 696 Views 0 comment Print

After that due to Covid-19 pandemic as well as due to registered office of the Company situated at a far off remote place i.e. in Anantapur is an undeveloped small township in Andhra Pradesh, none of the persons shown interest for appointment of Company Secretary and it became difficult on the part of the Company to appoint a Whole Time Company Secretary.

CBIC Amends notification no. 48/2022–Customs (N.T.), dated 31.05.2022

November 29, 2022 1170 Views 0 comment Print

Amendment of notification number 48/2022-Customs (N.T.) dated the 31st May, 2022 vide Notification No. 99/2022-Customs (N.T.), Dated: 29.11.2022. Exemption from deposits in ECL for specified goods u/s 51A(4) of the Customs Act now w.e.f. April 1, 2023 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi, Notification No. 99/2022-Customs (N.T.) […]

CBIC Amends notification no. 47/2022–Customs (N.T.), dated 31.05.2022

November 29, 2022 1977 Views 0 comment Print

Amendment of notification no. 47/2022–Customs (N.T.), dated the 31st May, 2022 –  vide Notification No. 98/2022-Customs (N.T.), Dated: 29.11.2022. CBIC exempts from maintaining deposits in ECL under Customs Act w.e.f. June 01, 2022 has been extended upto March 31, 2023 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi Notification […]

Extension of Requirement of Health Certificate accompanied with import of food consignments-reg

November 28, 2022 651 Views 0 comment Print

Amendment to Instruction No 18/2022-Customs dated 12.08.2022 and 26/2022-Customs dated 06.10.2022 regarding extension of Requirement of Health Certificate accompanied with the import of food consignments-

Integration of ICEGATE with AQCS-ICS effective 01.12.2022

November 28, 2022 2376 Views 0 comment Print

Under SWIFT, the FSSAI and PQ are connected through online message exchange with their own systems, while the remaining four PGAs use ICES for providing online NoC. Further, vide Circular No. 01/2017-Cus dated 04.01.2017, the facility for automatic routing of Bills of Entry (BOEs) of WCCB for NoC in exports in SWIFT was introduced.

ADD on Cast Aluminum Alloy Wheels or Alloy Road Wheels used in motor vehicles

November 28, 2022 1110 Views 0 comment Print

Anti-dumping Duty on Cast Aluminum Alloy Wheels or Alloy Road Wheels (ARW) used in motor vehicles originating or exported from China PR – Notification No. 30/2022 – Customs (ADD) | Dated: 28th November, 2022 – Seeks to Amend Notification No.17/2019-Customs (ADD) Dated 9th April, 2019. MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 30/2022 […]

Time limit reduced to 21 days for submitting response to intimation u/s 245 by AO

November 28, 2022 4272 Views 0 comment Print

It is observed that, in certain cases, consequent to the issue of intimation u/s 245, the assessees had responded on the demand portal that the demands are incorrect, in as much as that the demands are stayed by Assessing Officer/ITAT/High Court.

MCA imposes penalty for not filing annual return

November 28, 2022 1182 Views 0 comment Print

Provisions of Section 92 of Companies Act, 2013 has been contravened by Moonbeam Vinimay Private Limited and its directors/officers and therefore they are liable for penalty u/s 92(5).

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