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Amnesty Scheme for one time settlement of default in export obligation

April 26, 2023 1974 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 921 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 1971 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 2949 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 5847 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 210900 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.

CBIC notifies Nepalgunj road as an additional LCS

April 20, 2023 1779 Views 0 comment Print

Seeks to further amend notification No. 55/2022-Customs, dated the 31st October 2022, in order to notify Nepalgunj road as an additional LCS against condition number 1 Vide Notification No. 31/2023-Customs Dated: 20th April, 2023 GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 31/2023-Customs | Dated: 20th April, 2023 G.S.R.309(E). – In exercise […]

Govt reduces SAED on Diesel to Rs. nil per litre wef 19.04.2023

April 18, 2023 1737 Views 0 comment Print

Govt reduces Special Additional Excise Duty (SAED) on Diesel from Rs. 0.50 per litre to Rs. NIL per litre w.e.f. 19th day of April, 2023 Vide Notification No. 19/2023-Central Excise Dated: 18th April, 2023. MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION Notification No.19/2023-Central Excise Dated: 18th April, 2023 G.S.R. 304(E)— In exercise of the powers conferred by […]

Govt increases SAED on production of Petroleum Crude to Rs. 6400 per tonne

April 18, 2023 699 Views 0 comment Print

Govt increases Special Additional Excise Duty (SAED) on production of Petroleum Crude from Rs. Nil per tonne to Rs. Rs. 6400 per tonne w.e.f. 19th day of April, 2023 Vide Notification No. 18/2023-Central Excise | Dated: 18th April, 2023. MINISTRY OF FINANCE (Department of Revenue) Notification No. 18/2023-Central Excise Dated: 18th April, 2023 G.S.R. 303(E)— […]

Companies (Removal of Names of Companies from Register of Companies) Amendment Rules, 2023

April 17, 2023 8922 Views 0 comment Print

Companies (Removal of Names of Companies from the Register of Companies) Amendment Rules, 2023 – Shift of Authority to process Striking Up of Companies The Ministry of Corporate Affairs has, vide its Notification No. dated 17th April, 2023, amended or transferred the responsibility of striking off companies from Registrar of Companies to Registrar, Centre for […]

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