CBIC notifies Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 7th January, 2022 vide Notification No. 02/2022 – Customs (N.T.), Dated: 06.01.2022. GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS ***** Notification No. 02/2022 – Customs (N.T.) New Delhi, dated the 6th January, […]
Vide Notification No. 1/2022-Income Tax | Dated: 6th January, 2022 CBDT notifies Tax Exemption to ‘Regional Air Connectivity Fund Trust (PAN AADTR1130P), a trust constituted by the Central Government, in respect of the specified income under section 10(46) of Income Tax Act, 1961. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi, Notification […]
A revamped & enhanced version of Search HSN Functionality has been launched on the GST Portal. The Search HSN functionality was earlier given as a measure of facilitation to the taxpayer to search the Technical Description of any particular HSN code of any goods and/or service used in the Trade, vis-a-vis HSN description in the Customs Tariff […]
Notification No. 1/2022-Customs (ADD) – Seeks to rescind notification No. 30/2016 dated 11.07.2016 which seeks to impose Anti-dumping Duty on Imports of 1,1,1,2-Tetrafluoroethane or R-134a from China PR. MINISTRY OF FINANCE DEPARTMENT OF REVENUE Notification No. 1/2022-Customs (ADD) New Delhi, the 6th January, 2022 G.S.R. 8(E).—In exercise of the powers conferred by sub-sections (1) and […]
Insurance Regulatory and Development Authority of India had set up a working group to make recommendations on Loss Prevention and Minimisation in the general insurance industry
Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Dated: 06th January 2022 Udyog Bhawan, New Delhi Trade Notice No. 29/2021-2022 To, All Exporters/Members of Trade All Export Promotion Councils/Commodity Boards Subject: Continuation of operations of the DGFT ‘COVID-19 Helpdesk’ for International Trade related Issues’ Department of Commerce […]
With the objective to better align our guidelines with the BCBS standard and enable banks to manage liquidity risk more effectively, it has been decided to increase the threshold limit for deposits and other extensions of funds made by non-financial Small Business Customers from ₹ 5 crore to ₹ 7.5 crore for the purpose of maintenance of Liquidity Coverage Ratio (LCR).
Persons employed or identified by the research entity as research analyst including its head of research are required to be in compliance of the limitation on trading as stipulated under the RA Regulations.
Supreme Court held in the case of M/s Westinghouse Saxby Farmer Ltd. Vs. Commissioner of Central Excise, Kolkata that the ‘relays’ are classifiable as parts of ‘railway signalling equipment’, under Heading 8608 of the Central Excise Tariff. In holding so, the Hon’ble Supreme Court has given precedence to the ‘sole or principal use’ test of Section Note 3 over the Note 2(f) to Section XVII which specifically excluded ‘electric equipment’ from being classified under Section XVII, whether or not it is identifiable as being for the goods of that Section.
Eligibility criteria for entities to be categorised as Specified User under clause (j) of Regulation 3 of the Credit Information Companies (Amendment) Regulations, 2021. 1. The entity shall be a company incorporated in India or a Statutory Corporation established in India.
