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Notifications/Circulars

ADD on Phenol imported from European Union, Singapore & Korea RP

October 20, 2021 705 Views 0 comment Print

Notification No. 61/2021-Customs (ADD) Seeks to rescind Notification No. 06/2016-Customs(ADD) levying ADD on Phenol originating and imported from European Union, Singapore and Korea RP. MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 20th October, 2021 Notification No. 61/2021-Customs (ADD) G.S.R.748(E).—In exercise of the powers conferred by sub-sections (1) and (5) of section 9A […]

RBI imposes Penalty on payment system operator Paytm & Western Union

October 20, 2021 840 Views 0 comment Print

RBI had, by an order dated October 01, 2021, imposed a monetary penalty of ₹1 crore (Rupees one crore only) on Paytm Payments Bank Limited (PPBL), for an offence committed of the nature referred to in Section 26 (2) of Payment and Settlement Systems Act, 2007 (PSS Act).

Maharashtra allows restaurants to function till 12 AM & other till 11 PM

October 19, 2021 1698 Views 0 comment Print

In the wake of the upcoming festival season, it is now felt that restrictions on time of functioning for various establishment like shops, restaurants, hotels, etc. will lead to more crowding in the shorter duration in which they are currently allowed to function.

Advisory for taxpayers on Form GSTR-2B

October 18, 2021 13200 Views 0 comment Print

Form GSTR-2B is an auto-drafted ITC statement which is generated for every normal taxpayer on the basis of the information furnished by their suppliers in their respective GSTR-1/IFF, GSTR-5 (non-resident taxable person) and GSTR-6 (input service distributor).

SEZ: Guidelines for change of name/shareholding pattern/constitution/Directors etc.

October 18, 2021 10914 Views 0 comment Print

Guidelines regarding reorganization including change of name, change of shareholding pattern, business transfer arrangements, court approved mergers and demergers, change of constitution, change of Directors, etc. of SEZ Developers / Co-developers as well as SEZ Units.

Extension of Date for Mandatory electronic filing of Non-Preferential CoO

October 18, 2021 1449 Views 0 comment Print

On the request of certain Chambers/Associations notified under Appendix-2E, the existing system of manual/paper-based submission and processing of non-preferential CoO applications is being extended further upto 31st October 2021 only and the online system is not being made mandatory.

Weekly newsletter from Chairman, CBIC dated 18/10/2021

October 18, 2021 951 Views 0 comment Print

Customs laboratories all over the country are essential for the correct classification of goods and for ensuring the adherence of imported goods to exemption/ EXIM policy norms. Kolkata houses our oldest Custom House laboratory that was established in 1914.

Enlistment of 3 new Agencies under Appendix 2E of FTP, 2015-2020

October 18, 2021 1110 Views 0 comment Print

Director General of Foreign Trade hereby authorizes the following agencies to issue Certificate of Origin (Non Preferential) Export Promotion Council for EOUs & SEZs, Urban Exim Care Association and Federation of Industries & Associations

Enlisted agencies can issue CoO (NP) on all India basis w.e.f. 01.11.2021

October 18, 2021 609 Views 0 comment Print

All agencies enlisted under Appendix 2E of FTP-2015-20, who have on-boarded on Common Digital Platform for electronic Certificate of Origin (Non – Preferential), can issue CoO (NP) on all India basis w.e.f. 01.11.2021. Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi Dated the […]

IFSCA (Capital Market Intermediaries) Regulations, 2021

October 18, 2021 5022 Views 0 comment Print

International Financial Services Centres Authority notifies International Financial Services Centres Authority  (IFSCA) Capital Market Intermediaries) Regulations, 2021 on 18th October, 2021 vide notification No. IFSCA/2021-22/GN/REG018. INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY NOTIFICATION Gandhinagar, the 18th October, 2021 International Financial Services Centres Authority Capital Market Intermediaries) Regulations, 2021 IFSCA/2021-22/GN/REG018.—In exercise of the powers conferred by sub-section (1) […]

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