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Notifications/Circulars

CBIC notifies Rate of Exchange of Foreign Currencies wef 16.10.2020

October 15, 2020 741 Views 0 comment Print

CBIC notifies Rate of Exchange of Foreign Currencies against India Rupees wef 16th October, 2020 vide Notification No. 99/2020-Customs (N.T.), Dated: 15th October, 2020 Government Of India Ministry of Finance (Department Of Revenue) (Central Board Of Indirect Taxes And Customs) ***** Notification No. 99/2020 – Customs (N.T.) New Delhi, dated the 15th October, 2020 23 […]

Ministry of Finance clarification on Vodafone arbitration appeal

October 15, 2020 411 Views 0 comment Print

A speculative news story being circulated in some section of media claiming that Attorney General has  given opinion  in favour of  not appealing in the Vodafone Arbitration award is totally incorrect and without any factual basis.

PACL investors with claims upto ₹ 7000 can claim till 31.10.2020

October 15, 2020 681 Views 1 comment Print

The Committee has vide Public Notice dated July 21, 2020 also provided similar facility to the investors with claim amount between Rs 5001/- and Rs 7000/-and accordingly, the web-portal was made operational from August 01, 2020. The last date for accepting such rectified application is October 31, 2020.

DGFT Prohibits import of Air Conditioners with refrigerants

October 15, 2020 4755 Views 0 comment Print

Notification No. 41/2015-2020-DGFT Import Policy of Air Conditioners with refrigerants under HS codes 84151010 and 84151090 is amended from ‘Free’ to ‘Prohibited’.

Export of Alcohol based Hand Sanitizers in any form/packaging allowed

October 15, 2020 939 Views 0 comment Print

The Export of Alcohol based Hand Sanitizers in container with dispenser pumps is free for export making export of Alcohol based Hand Sanitizers in any form/packaging freely exportable, with immediate effect.

GoI borrowing calendar modified to meet GST Compensation Cess shortfall

October 15, 2020 315 Views 0 comment Print

To operationalize the Special Window to States for meeting the GST Compensation Cess shortfall of` ₹1,10,000 crore the GoI borrowing calendar is being modified in consultation with RBI. For the remaining period of the fiscal year 2020-21 (October 19, 2020 to March 31, 2021) GoI will  borrowan aggregate amount of  ₹ 4,88,000 crore. The additional amount for meeting the GST compensation shortfall shall be raised equally @ ₹55,000 crore under the 3 year and 5 year tenors.

Accepting of assignment as Liquidator without holding valid AFA

October 15, 2020 762 Views 0 comment Print

The DC further notes that an IP who is more than 70 years of age cannot make an application for the grant of AFA. Therefore, he could not apply for obtaining grant of AFA and hence, could not hold AFA.

Consolidated FDI Policy (Effective From October 15, 2020)

October 15, 2020 5376 Views 0 comment Print

Department for Promotion of Industry and Internal Trade Ministry of Commerce and Industry Government of India Consolidated FDI Policy (Effective from October 15, 2020) Government of India Ministry of Commerce Sr Industry Department for Promotion of Industry and Internal Trade (FDI Division) Consolidated FDI Policy Circular of 2020 Subject: Consolidated FDI Policy The “Consolidated FDI […]

SEBI Caution Investors against unsolicited investment tips

October 14, 2020 573 Views 0 comment Print

It has come to the notice of SEBI that unsolicited messages containing stock tips/ investment advice with respect to listed companies are increasingly being circulated through bulk SMS, websites and social media platforms like WhatsApp, Telegram,etc.

Shortfall due to GST implementation – Tamil Nadu goes for Option-1

October 14, 2020 450 Views 0 comment Print

Tamil Nadu goes for Option-1, gets permission to borrow an additional amount of Rs 9,627 crore. 21 States now allowed to mobilize Rs.78,452 crore in addition to Rs 1.1 lakh crore to meet the shortfall arising out of GST implementation

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