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National Savings (Monthly Income Account) (Third Amendment) Scheme, 2023

April 27, 2023 798 Views 0 comment Print

Scheme may be called the National Savings (Monthly Income Account) (Third Amendment) Scheme, 2023. It shall be deemed to have come into force on the 1st day of April, 2023.

Kisan Vikas Patra (Second Amendment) Scheme, 2023

April 27, 2023 1851 Views 0 comment Print

Scheme may be called Kisan Vikas Patra (Second Amendment) Scheme, 2023. It shall be deemed to have come into force on 1st day of April, 2023.

CBIC amends Notification Nos 11/2022 & 12/2022-Customs

April 27, 2023 6093 Views 0 comment Print

CBIC amends Notification Notification No. 11/2022-Customs, dated 1st February, 2022 and Notification No. 12/2022-Customs, dated 1st February, 2022 vide Notification No. 33/2023-Customs Dated: 27th April, 2023. MINISTRY OF FINANCE (Department of Revenue) Notification No. 33/2023-Customs | Dated: 27th April, 2023 G.S.R. 319(E).—In exercise of the powers conferred by sub-section (1) of section 25 of the […]

Remittances to IFSCs under Liberalised Remittance Scheme (LRS)

April 26, 2023 1965 Views 0 comment Print

Condition of repatriating any funds lying idle in account for a period up to 15 days from the date of its receipt is withdrawn with immediate effect, which shall now be governed by the provisions of the scheme as contained in the aforesaid Master Direction on LRS.

Amnesty Scheme for one time settlement of default in export obligation

April 26, 2023 1593 Views 0 comment Print

Amending Customs Notifications to implement the Amnesty Scheme for one time settlement of default in export obligation by Advance and EPCG authorization holders notified by DGFT Vide Notifications No. 32/2023-Customs Dated: 26th April, 2023 MINISTRYOF FINANCE (Department of Revenue) Notifications No. 32/2023-Customs |Dated : 26th April, 2023 G.S.R. 316(E).—In exercise of the powers conferred by […]

IFSCA (Management Control, Administrative Control and Market Conduct of insurance business) Regulations, 2023

April 26, 2023 510 Views 0 comment Print

International Financial Services Centres Authority (Management Control, Administrative Control and Market Conduct of insurance business) Regulations, 2023

CBIC amends Notification No. 22/2003 & 23/2003 Central Excise dated 31.03.2003

April 26, 2023 1209 Views 0 comment Print

Seeks to amend Notification No. 22/2003 & 23/2003 Central Excise dated 31.03.2003 vide  Notification No 20/2023-Central Excise Dated: 26th April, 2023 MINISTRTY OF FINANCE (Department of Revenue) New Delhi Notification No 20/2023-Central Excise Dated: 26th April, 2023 G.S.R. 317(E).—In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, […]

RBI reviews General Credit Card (GCC) Facility

April 25, 2023 2547 Views 0 comment Print

GCC Scheme shall henceforth be called General Credit Card (GCC) Facility.. The instructions shall apply to all banks which are eligible to issue credit cards under the above Master Direction.

Provisioning for standard assets by primary Urban co-operative banks – revised norms

April 24, 2023 5082 Views 0 comment Print

RESERVE BANK OF INDIA RBI/2023-24/18 DOR.STR.REC.12/21.04.048/2023-24 April 24, 2023 All Primary (Urban) Co-operative Banks, Madam / Dear Sir, Provisioning for standard assets by primary (Urban) co-operative banks – revised norms under four-tiered regulatory framework Please refer to circular DOR.REG.No.84/07.01.000/2022-23 dated December 01, 2022, in terms of which Urban Co-operative Banks (UCBs) have been categorized into four […]

Notification No. 23/2023-Income Tax, Dated: 21.04.2023

April 21, 2023 210342 Views 5 comments Print

Central Government hereby approves ‘National Institute of Design, Ahmedabad (PAN: AAATN1137D)’ under the category of ‘University, College or Other Institution’ for ‘Scientific Research’ for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 read with rules 5C and 5E of the Income-tax Rules, 1962.

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