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Notifications

Amendment in Import Policy condition of Cashew Kernels (Broken/ whole)

February 21, 2023 1518 Views 0 comment Print

Minimum Import Price (MIP) on Cashew kernel (broken / whole) will not be applicable for imports by 100% Export Oriented Units (EOUs) and units in the SEZs subject to the condition that the imported Cashew Kernels are not sold into Domestic Tariff Area (DTA).

CBDT amends Audit Report Format of Trust (Form No. 10B) & Rule 16CC & 17B

February 21, 2023 40827 Views 2 comments Print

CBDT amends Rule 16CC Form of report of audit prescribed under tenth proviso to section 10(23C), Rule 17B Audit report in the case of charitable or religious trusts, etc. and ‘FORM No. 10B – Audit report under clause (b) of the tenth proviso to clause (23C) of section 10 and sub-clause (ii) of clause (b) of […]

FSS (Food Products Standards and Food Additives) Second Amendment Regulations, 2023

February 21, 2023 3645 Views 0 comment Print

These regulations may be called the Food Safety and Standards (Food Products Standards and Food Additives) Second Amendment Regulations, 2023.

Reg. Continued recognition of unrealised management fees income by ARCs

February 20, 2023 1074 Views 0 comment Print

ARCs preparing their financial statements as per Ind AS, shall reduce the following amounts from their net owned funds while calculating the Capital Adequacy Ratio and the amount available for payment of dividend

RBI (Financial Statements – Presentation & Disclosures) Directions, 2021 amended

February 20, 2023 3006 Views 0 comment Print

Reserve Bank of India (Financial Statements – Presentation and Disclosures) Directions, 2021 – Disclosures for State Co-operative Banks and Central Co-operative Banks

Governance, measurement and management of Interest Rate Risk in Banking Book

February 17, 2023 1998 Views 0 comment Print

Interest Rate Risk in Banking Book (IRRBB) refers to the current or prospective risk to banks’ capital and earnings arising from adverse movements in interest rates that affect its banking book positions. Excessive IRRBB can pose a significant risk to banks’ current capital base and/or future earnings. These guidelines, accordingly, require banks to measure, monitor, and disclose their exposure to IRRBB.

Introduction of FCRA related transaction code in NEFT and RTGS Systems

February 16, 2023 4251 Views 0 comment Print

Reserve Bank of India RBI/2022-23/178 CO.DPSS.RPPD.No.S1931/04-03-001/2022-23 February 16, 2023 The Chairman / Managing Director / Chief Executive Officer of member banks participating in NEFT and RTGS Systems Madam / Dear Sir, Introduction of Foreign Contribution (Regulation) Act (FCRA) related transaction code in NEFT and RTGS Systems Under the FCRA, 2010 (amended as on September 28, […]

CBDT notifies Authority under section 138 for welfare schemes of state of Tamil Nadu

February 16, 2023 1203 Views 0 comment Print

Central Government hereby specifies ‘Secretary (Information Technology & Digital Service Department), Directorate of e-Governance, Government of Tamil Nadu’ for the purposes of the said clause in connection with sharing of information regarding income-tax assessees for identifying genuine beneficiaries and proper implementation of all the Centrally sponsored schemes and welfare schemes of the state of Tamil Nadu.

Special Additional Excise Duty on Diesel reduced to Rs. 1 per litre

February 15, 2023 1866 Views 0 comment Print

Vide Notification No. 09/2023-Central Excise, Dated 15th February, 2023 Government reduces Special Additional Excise Duty on Diesel to Rs. 1.00 per litre with effect from 16th day of February, 2023 from existing Rs. 6 per litre. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 09/2023-Central Excise | Dated 15th February, 2023 […]

SAED on production of Petroleum Crude & export of Aviation turbine Fuel reduced

February 15, 2023 342 Views 0 comment Print

Government reduces Special Additional Excise Duty from 16th day of February, 2023 on production of Petroleum Crude to Rs. 4350 per tonne from 5050 per tonne and to Rs. 1.50  per litre from Rs. 6.00 per litre on export of Aviation turbine Fuel vide Notification No. 08/2023-Central Excise,  Dated 15th February, 2023 GOVERNMENT OF INDIA […]

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