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Notifications/Circulars

Section 45(4) | CBDT amends rule 8AA & Inserts Rule 8AB

July 2, 2021 16167 Views 0 comment Print

CBDT vide Notification No. 76/2021-Income Tax | Dated: 2nd July, 2021 amends rule 8AA which relates to Method of determination of period of holding of capital assets in certain cases and added rules related to amount which is chargeable to income-tax as income of specified entity under sub­section (4) of section 45 under the head […]

Interest Rates for National (Small) Savings Schemes w.e.f. 01.07.2021

July 1, 2021 3423 Views 0 comment Print

Rate of interest on various National (Small) Savings Schemes for the second quarter of financial year 2021-22 starting from 1st July, 2021 and ending on  30th  September,  2021  shall  remain  unchanged  from  the  current  interest rates applicable for the first quarter (1st April, 2021 to 30th June, 2021).

NPPA approves price rise of 50% for carbamazepine, ranitidine, ibuprofen

July 1, 2021 1227 Views 0 comment Print

NPPA invokes extra ordinary powers in public interest under para 19 of DPCO 2013 for upward revision of the ceiling prices of the nine scheduled formulations of 3 drugs by giving one time increase of 50% from the present ceiling price.

Online filing of AEO T2 and AEO T3 applications: Launch of Version 2.0

July 1, 2021 2004 Views 0 comment Print

The AEO application processing for AEO T1 on the web-based portal has been functional since December 2018. To take this endeavor for digitization forward, in line with the government’s Digital India initiative, the Board has decided to launch a new version (V 2.0) for on-boarding of AEO T2 and AEO T3 applicants by way of online filing, real-time monitoring, and digital certification.

Interest Equalization Scheme for Pre & Post Shipment Rupee Export Credit extended

July 1, 2021 1509 Views 0 comment Print

Government of India has approved the extension of Interest Equalization Scheme for Pre and Post Shipment Rupee Export Credit, with the same scope and coverage, for a further period of three months, i.e., up to September 30, 2021. The extension takes effect from July 01, 2021 and ends on September 30, 2021 covering a period of three months.

CBIC Notifies Rate of Exchange of Foreign Currencies wef 02.07.2021

July 1, 2021 3564 Views 0 comment Print

CBIC notifies Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 2nd July, 2021, vide Notification No. 57/2021 – Customs (N.T.) |  Dated: 1st July, 2021 Government Of India Ministry Of Finance (Department Of Revenue) (Central Board Of Indirect Taxes And Customs) New Delhi ***** Notification No. 57/2021-Customs (N.T.) | Dated: 1st […]

Greetings on the occasion of 4th Anniversary of GST

July 1, 2021 1017 Views 0 comment Print

GST is the perfect and most shining example of Cooperative Federalism in the country. It is driven by the spirit of a common objective for the benefit of the nation as a whole. I extend. on the occasion of its fourth anniversary, on behalf of the Board and on my personal behalf, a sincere thanks and greetings to you and to all the stakeholders, especially the taxpayers.

DGFT enlist Oriental Chamber of Commerce & Industry under Appendix 2E

July 1, 2021 717 Views 0 comment Print

M/s. Oriental Chamber of Commerce and Industry is enlisted under Appendix 2E of FTP, 2015-2020 for issuing Certificate of Origin (Non-Preferential) vide Public Notice No. 11/2015-2020 | Dated: 1st July, 2021. Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi Public Notice No. 11/2015-2020 […]

Customs: CBIC notifies 32 Countries for exchange of information facilitating trade

July 1, 2021 993 Views 0 comment Print

Central Government hereby directs that provisions of the section 151B of  Customs Act, 1962  shall apply to the Agreement or Arrangement on Cooperation and Mutual Administrative Assistance (CMAA) in Customs matters entered with the 32 contracting State specified below subject to the conditions, exceptions or qualifications specified in the said agreement or arrangement. MINISTRY OF […]

Govt amends Credit Guarantee Fund for Micro Units (CGFMU)

July 1, 2021 11967 Views 1 comment Print

Central Government hereby makes the following amendments to the Scheme known as the  Credit Guarantee Fund for Micro Units (CGFMU) (hereinafter referred to as the said Scheme)

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