DGFT: The Director General of Foreign Trade (DGFT) has notified the Extension of Date for Mandatory electronic filing of Non-Preferential Certificate of Origin (CoO) through the Common Digital Platform to 31st March 2022 (Trade Notice No. 32/2021-22 dated 24.01.2022)
CBIC: CBIC has rescinded the Notification levying Anti-Dumping Duty on PVC Flex Films (Notification No. 3/2022-Customs (ADD) dated 24.01.2022)
Income Tax: CBDT has notified Tax Exemption to National Skill Development Corporation, a body constituted by Central Government, in respect of the specified income under section 10(46) of Income Tax Act, 1961 (Notification No. 10/2022-Income Tax dated 21.01.2022)
CBIC: CBIC has issued a circular regarding Alignment of AEO Circular No. 33/2016 dated 22.07.2016 and 54/2020 dated 15.12.2020 with CAROTAR, 2020 (Customs Administration of Rules of Origin Under Trade Agreements Rules, 2020) (Circular No. 02/2022- Customs dated 19.01.2022)
MSME: Central Govt. has extended the validity of Udyog Aadhaar Memorandum (UAM) up to March 31, 2022. ( Notification no. S.O.278(E) dated 19.01.2022 )
Customs: CBIC has notified Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 21st January, 2022 (Notification No. 04/2022- Customs (N.T.) dated 20.01.2022)
Central Excise: CBIC has issued Master Circular on Recovery and Write-off of Arrears of Revenue (Circular No. 1081/02/2022-CX dated 19.01.2022)
SEBI: SEBI launched ‘Saa₹thi’ – SEBI’s Mobile App on Investor Education (Press Release No. 03/2022 dated 19.01.2022)
DGFT: Re-import of steel for packaging will not be covered under Steel Import Monitoring System (SIMS) (Policy) (Circular No. 38/2015-2020-DGFT dated 19.01.2022)
Customs : CBIC exempts BCD and IGST on goods imported for the purpose of AFC Women’s Asian Cup India, 2022 (Notification No. 1/2022-Customs dated 18.01.2022)
Customs: CBIC has issued circular to allow extension of time period till 30.09.2022 for re-exports of ISO containers meant for transportation of Liquid Medical Oxygen grade, if imported under Notification No. 104/1994-Customs dated 16.03.1994 (Circular No.01/2022-Customs dated 18.01.2022)
Income Tax: CBDT notifies Rule 8AD Computation of capital gains for the purposes of sub-section (1B) of section 45 i.e. Computation of capital gains, not exempt under Section 10(10D). (Notification No. 8/2022-Income tax dated 18.01.2022)
Income Tax : CBDT notifies e-Advance Rulings Scheme, 2022; applicable w.e.f. 18-01-2022 (Notification No. 07/2022-Income Tax dated 18.01.2022).
Income Tax: CBDT has issued clarifications on applicability of Sec. 10(10D) exemption on sum received from ULIPs (Circular No. 2/2022-Income Tax dated 19.01.2022)
DGFT: United States of America has been included as area of operation of M/s Hamilton Steel Logistics Inc, a Pre-Shipment Inspection Agencies (PSIA) (Public Notice No. 47/2015-20 dated 18.01.2022)
SEBI: SEBI Empowering Investors through Investor Charters (Press Release 2/2022 dated 17.01.2022)
SEBI: SEBI has notified Securities and Exchange Board of India (Foreign Portfolio Investors) (Amendment) Regulations, 2022 ( Notification No. SEBI/LAD-NRO/GN/2022/64 dated 14.01.2022.)
Customs: Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver (Notification No. 03/2022-Customs (N.T.) dated 14.01.2022)
DGFT: All IECs which have not been updated after 01.07.2020 shall be de-activated with effect from 01.02.2022. All the concerned IEC holders are provided an opportunity to update their IEC in the interim period till 31.01.2022. (Trade Notice 31/2021-22-DGFT dated 14.01.2022)
DGFT: Import consignments of metallic waste and scrap (both shredded and unshredded) imported from safe countries / region i.e. the USA, the UK, Canada, New Zealand, Australia and the EU will not require Pre-Shipment Inspection Certificate (PSIC) if consignments are cleared through these ten (10) ports namely, Chennai, Tuticorin, Kandla, JNPT, Mumbai, Krishnapatnam, Mundra, Kattupalli, …
