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Windfall tax on crude petroleum reduced to Rs. Nil per tonne wef 18.09.2024

September 17, 2024 486 Views 0 comment Print

The Ministry of Finance reduces the excise duty to nil per tonne for an item under Notification No. 25/2024, effective 18th September 2024.

GST Council Constitutes GoM on Life and Health Insurance

September 15, 2024 561 Views 0 comment Print

The GST Council forms a Group of Ministers (GoM) to review and suggest GST rates on life and health insurance, with a report due by October 30, 2024.

ICAI Announces Panel for December 2024 Election Scrutiny

September 13, 2024 1062 Views 0 comment Print

ICAI notifies the scrutiny panel for the December 2024 Council and Regional Council elections, led by CA Dr. Jai Kumar Batra as the Returning Officer.

DGFT allows Yellow Peas Import “Free” Without MIP or Port Restriction till 31.12.2024

September 13, 2024 465 Views 0 comment Print

DGFT extends import period for Yellow Peas under ITC(HS) Code 07131010 to December 31, 2024. No MIP or port restrictions apply.

DGFT Removes MEP on Onion Exports: Notification 28/2024-25

September 13, 2024 876 Views 0 comment Print

DGFT removes Minimum Export Price (MEP) on Onion exports with immediate effect. Revised export policy effective from September 13, 2024.

CBIC Extends Yellow Peas Exemption, Imposes Onion Export Duty, Updates Oil Duties

September 13, 2024 765 Views 0 comment Print

Customs Notification No. 43/2024 updates exemptions for yellow peas, imposes 20% export duty on onions, and revises BCD and AIDC rates for edible oils.

SEBI Renews Metropolitan Stock Exchange Recognition 2024

September 13, 2024 399 Views 0 comment Print

SEBI renews recognition of Metropolitan Stock Exchange for one year, effective from 16th Sept 2024 to 15th Sept 2025, under Securities Contracts Act, 1956.

Foreign Exchange (Compounding Proceedings) Rules, 2024

September 12, 2024 1305 Views 0 comment Print

Ministry of Finance issues Foreign Exchange (Compounding Proceedings) Rules, 2024, superseding 2000 rules, streamlining processes for ease of investment and business.

MVAT (Amendment) Rules, 2024 regarding rule 34A and Form-320

September 12, 2024 240 Views 0 comment Print

Maharashtra amends VAT Rules 2005 to introduce Rule 34A, mandating the publication of pending appeal cases on the common portal. Details in Form 320 for transparency.

Aadhaar Authentication Allowed for INDmoney Under PMLA

September 10, 2024 333 Views 0 comment Print

The Ministry of Finance permits INDmoney Pvt. Ltd. to use Aadhaar authentication for compliance with privacy and security standards under the PMLA and Aadhaar Act.

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