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Notifications/Circulars

Diamonds related Rs. 270 crores Fake ITC case detected in Mumbai

October 11, 2021 1176 Views 0 comment Print

Mumbai South CGST Commissionerate detected a fake ITC case of about Rs. 270 crores relating to diamonds, whether or not worked but not mounted or set. Mumbai GST zone has appreciably stepped up its all-round anti-evasion work.

Alternate method for transfer of space by exiting unit under Rule 74 of SEZ Rules, 2006- reg

October 11, 2021 3909 Views 0 comment Print

In order to facilitate smooth operation of business activities by SEZ units and for the ease of doing business, following clarifications are issued for transfer of space under the extant provisions of Rule 74 of SEZ Rules, 2006:-

Transfer/postings of officers in the grade of CIT/DIT

October 8, 2021 12699 Views 0 comment Print

Office Order No. 270 of 2021 Following transfer/postings of the officers in the grade of Commissioners of Income Tax/Directors of Income Tax, are hereby ordered with immediate effect and until further orders:

DGFT notifies port of Ranaghat Railway Station (INRNG2) for import

October 8, 2021 1710 Views 0 comment Print

The port of Ranaghat Railway Station (INRNG2) has been additionally included for allowing imports under Notification No. 20/2015-20 dated 24.08.2021.

RBI Monetary Policy Statement, 2021-22- No Change in Rates

October 8, 2021 2178 Views 0 comment Print

Monetary Policy Committee (MPC) at its meeting today (October 8, 2021) decided to: keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 4.0 per cent.

SEBI issues Directions to NCDEX regarding trading in Mustard Seed contracts

October 8, 2021 471 Views 0 comment Print

SEBI has issued the following directions to National Commodity & Derivatives Exchange Limited (NCDEX), in respect of trading in Mustard Seed contracts:

Priority Sector Lending- Banks’ lending to NBFCs for on-lending – Extension of facility

October 8, 2021 549 Views 0 comment Print

Loans disbursed under the on-lending model will continue to be classified under Priority Sector till the date of repayment/maturity whichever is earlier. Further, bank loans to HFCs for on-lending for the purpose of housing, as prescribed in para 23 of our MD on PSL dated September 4, 2020, will continue as hitherto.

Inclusion of ‘Paytm Payments Bank Limited’ in Second Schedule of RBI Act

October 7, 2021 996 Views 0 comment Print

Paytm Payments Bank Limited has been included in the Second Schedule to the Reserve Bank of India Act, 1934 vide notification DoR.LIC.No.S926/16.03.006/2021-22 dated September 06, 2021 and published in the Gazette of India (Part III – Section 4) dated October 02-October 08, 2021.

Prohibition on export of Red Sanders wood in log form relaxed

October 7, 2021 2082 Views 0 comment Print

Prohibition on export of Red Sanders wood in log form has been relaxed for export of 810.1894 MT of Red Sanders wood in log form Forest, Environment & Climate Change Department, Government of Odisha. Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan New Delhi New […]

CBIC Notifies Rate of Exchange of Foreign Currencies wef 08.10.2021

October 7, 2021 2022 Views 0 comment Print

CBIC notifies Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 8th October, 2021, vide Notification No. 80/2021-Customs (N.T.) | Dated: 7th October, 2021 GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS ***** Notification No. 80/2021 – Customs (N.T.) New Delhi, dated the 7th […]

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