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Notifications/Circulars

IFSCA Guidelines on Factoring and Forfaiting of Receivables

August 17, 2021 3387 Views 0 comment Print

IFSCA Guidelines on Factoring and Forfaiting of Receivables shall be applicable to Finance Companies / Finance Units registered with the Authority under regulation 3 of the Regulations that are intending to undertake the activity of Factoring and Forfaiting of receivables.

De-notification of ICDs/CFSs/Air Freight Stations

August 16, 2021 3003 Views 0 comment Print

De-notification of Inland Container Depots/Container Freight Stations/Air Freight Stations Providing relief to custodians of Inland Container Depots (ICDs) and Container Freight Stations (CFSs) across the country, the CBIC today streamlined the procedure of closure of these facilities in maximum of four months only. No timeline was specified earlier. ICDs and CFS play a vital role […]

DGGI, Hyderabad detect and recover Rs. 79.66 crore of ITC availed

August 16, 2021 963 Views 0 comment Print

M. Ajit Kumar  Chairman Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes & Customs North Block, New Delhi-110001 Tel. No. +91-11-23092849, Fax : +91-11-23092890 E-mail : [email protected] D.O. No. 83/CH(IC)/2020 Date: 16th August 2021 Dear Colleague The week that went by, culminated on a festive note with all formations […]

SEBI issues Directions to NCDEX regarding trading in Chana

August 16, 2021 327 Views 0 comment Print

Securities and Exchange Board of India  Press Releases No. 25/2021 SEBI issues Directions to NCDEX regarding trading in Chana SEBI has issued the following directions to National Commodity & Derivatives Exchange Limited (NCDEX), in respect of trading in Chana contracts: 1. No new Chana contract shall be launched till further orders. 2. In respect of […]

Pr. Commissioners of Customs can decide amount of security required in certain cases of provisional assessments

August 16, 2021 2580 Views 0 comment Print

Amendment in Circular no. 38/2016-Customs with the insertion of a new entry 5(d) to enable Pr. Commissioners/Commissioners of Customs to decide the amount of security required in certain cases of provisional assessments – reg. Circular No. 19/2021-Customs F. No. 15021/10/2020-ICD-CBEC Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and […]

Amendment in Export Policy of COVID-19 Rapid Antigen testing kits

August 16, 2021 1068 Views 0 comment Print

The export of COVID-19 Rapid Antigen testing kits falling under the ITC (HS) Codes specified above or falling under any other HS Code has been put under Restricted category, with immediate effect.

Taxation Laws (Amendment) Act, 2021

August 14, 2021 3789 Views 0 comment Print

In section 9 of the Income-tax Act, 1961, in sub-section (1), in clause (i), in Explanation 5, after the third proviso, the following provisos shall be inserted, namely:— “Provided also that nothing contained in this Explanation shall apply to— (i) an assessment or reassessment to be made under section 143, section 144, section 147 or section 153A or section 153C; or (ii) an order to be passed enhancing the assessment or reducing a refund already made or otherwise increasing the liability of the assessee under section 154; or

Limited Liability Partnership (Amendment) Act, 2021

August 14, 2021 5328 Views 0 comment Print

(1) This Act may be called the Limited Liability Partnership (Amendment) Act, 2021. (2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint and different dates may be appointed for different provisions of this Act and any reference in any such provision to the commencement of this Act shall be construed as a reference to the coming into force of that provision.

Deposit Insurance And Credit Guarantee Corporation (Amendment) Act, 2021

August 14, 2021 1197 Views 0 comment Print

1. (1) This Act may be called the Deposit Insurance and Credit Guarantee Corporation (Amendment) Act, 2021. (2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.

Constitution (Scheduled Tribes) Order (Amendment) Act, 2021

August 14, 2021 837 Views 0 comment Print

MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 13th August, 2021/ Sravana 22, 1943 (Saka) The following Act of Parliament received the assent of the President on the 13th August, 2021, and is hereby published for general information:— THE CONSTITUTION (SCHEDULED TRIBES) ORDER (AMENDMENT) ACT, 2021 NO. 32 OF 2021 [13th August, 2021.] […]

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