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Discontinuation of Tariff Rate Quota for Import of Crude Sunflower Seed Oil

March 1, 2023 1446 Views 0 comment Print

Last date of Import of Crude Sunflower Seed Oil (ITC (HS) 15121110) under TRQ has been revised to 31.03.2023. Further, no TRQs shall be allocated for import of Crude Sunflower Seed Oil in Financial Year 2023-24. MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) New Delhi Public Notice No. 60/2015-20-DGFT Dated: […]

Dr. Ruchi Chojer takes charge as Executive Director, SEBI

March 1, 2023 1731 Views 0 comment Print

Dr. Ruchi Chojer took charge as Executive Director, Securities and Exchange Board of India in Mumbai today. She will handle Human Resources Department (HRD) and Corporation Finance Investigation Department (CFID).

Weekly newsletter from Chairman, CBIC dated 28/02/2023

February 28, 2023 1137 Views 0 comment Print

On the anti-smuggling front, in a major breakthrough, officers of the Directorate of Revenue Intelligence (DRI), in a well coordinated, pan India operation apprehended a syndicate of foreign nationals involved in the smuggling of large quantities of Gold through the India-Nepal border.

CBDT notifies amendment in ITR forms for AY 2023-24 / FY 2022-23

February 28, 2023 5319 Views 0 comment Print

Vide Notification No. 8/2023-Income Tax| Dated: 28th February, 2023 CBDT notifies amendment in ITR forms for AY 2023-24 / FY 2022-23. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Corrigendum Notification No. 8/2023-Income Tax| Dated: 28th February, 2023 G.S.R. 156(E).—In the notification of the Government of India, Ministry of Finance, Department of Revenue […]

Amendments in Para 4.42 of Handbook of Procedures 2015-2020

February 28, 2023 2175 Views 0 comment Print

DGFT Simplifies process of levying Composition Fee for Export Obligation Extension to include more cases under Advance Authorization Scheme

Tariff Notification No. 11/2023-Customs (NT) Dated: 28th February, 2023

February 28, 2023 2520 Views 0 comment Print

Tariff Notification No. 11/2023-Customs (NT) Dated: 28th February, 2023 – Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi Notification No. 11/2023-Customs (N.T.) Dated: 28th February, 2023 S.O. 945(E).— In exercise of the powers conferred […]

Term ‘Sub-standard lives’ mentioned in IRDAI (Health Insurance) Regulations 2016 revised

February 28, 2023 1392 Views 0 comment Print

The underwriting policy shall also cover the approach and aspects relating to offering health insurance coverage. It shall have in place various objective underwriting parameters to differentiate the various classes of risks being accepted in accordance with the respective risk categorization

IBBI caution IP for not providing calculation & method in valuation report

February 28, 2023 1200 Views 0 comment Print

IBBI notes the submission of Ms. Gunjan Agarwal that she has done aging analysis of trade receivables and thereby categorized in six categories A (15%) to E (2.5%) and that some debtors whose balance consists of 2 categories, i.e., within 2 years and also included an amount outstanding for more than 2 years, accordingly FV […]

IBBI suspends IP for various contraventions of IBC 2016

February 28, 2023 642 Views 0 comment Print

The Authority does not agree with the assumption of Mr. Sandeep Kumar Agarwal that as a normal banking practice Corporation Bank would definitely adjust this FD against its dues and accordingly nil amount is considered. Mr. Sandeep Kumar Agarwal did not check with banks or liquidator whether actual adjustment has been done and whether the […]

CBIC Instruction on Completion of Data Entry in DIGIT for Customs Cases

February 28, 2023 10521 Views 0 comment Print

CBIC instruction regarding the completion of data entry in DIGIT for customs cases. Learn about the purpose of DIGIT, types of cases to be entered, stages of data entry, timelines, and responsibilities of DIGIT Nodal Officers.

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