Team Bizsol

DGFT: DGFT advisory on Safe Custody of digital tokens, documents, scrips etc. [Trade Notice No. 26/2021-22-DGFT dtd 26th November 2021]

Others: As per new Travellers Covid-19 guidelines coming to Maharashtra state from any international destination shall be governed by directions of govt of India. Domestic travellers coming to Maharashtra shall either be fully vaccinated or carry RT-PCR test valid for 72 hrs.

RBI: RBI Caution against various Co-operative societies using the word “Bank” in their names [RBI Press Release dtd 22nd Nov 2021]

SEBI: SEBI notifies Norms for Silver ETFs and Gold ETFs [SEBI/HO/IMD/DF2/CIR/P/2021/668 dtd 24 Nov 2021]

CBIC: Import of wireless equipment by Telecom Service Providers based on self-declaration [Instruction No. 23/2021-Customs dtd 23rd Nov 2021]

CBIC: Imported consignments of Alcoholic Beverages Bottled in Origin & in Bulk containing more than 10 percent alcohol, which does not have an expiry date, shall have a validity of 300 days. [Instruction No. 24/2021-Customs dtd 24th Nov 2021]

CBIC: CBIC instruction on Import of teas from Nepal as Darjeeling Tea [Instruction No. 25/2021-Customs dtd 24th Nov 2021]

CBIC: CBIC Notifies Rate of Exchange of Foreign Currencies w.e.f. 25.11.2021 [Notification No.93/2021-Customs (N.T.) –  24th Nov 2021]

Income Tax: Guideline on TDS/TCS under Section 194O, section 194Q & Section 206C [Circular No. 20 of 2021 dtd 25th Nov 2021]  

Others: Date of completing the seeding & verification of Aadhaar with UAN, is hereby extended till 30.11.2021 [Notification No. BKG-27/7/2020-BKG-Part(1)/E-40100/173 dtd 15th Nov 2021]  

SEBI: Regulations Review Authority recommended RBI to withdrawal 150 circular [Press Release No. 2021-2022/1202 dtd 16th Nov 2021]

SEBI : SEBI revises Framework for Regulatory Sandbox [Circular No. SEEBI/HO/MIRSD/MIRSD_IT/P/CIR/2021 /0000000658 dtd 16th Nov, 2021]

GST: No Dynamic QR Code on B2C invoices will be applicable, where such invoice is raised in foreign currency and recipient is outside India but Place of Supply is India. [Circular No. 165/21/2021-GST dtd 17th Nov, 2021]

GST: CBIC issues Clarification on GST refund related issues No time limit for refund of balance in electronic cash ledger and no requirement for unjust enrichment certificate for obtaining such refund even though balance in electronic cash ledger is accumulated on account of TDS, TCS Certificate. Relevant date for limitation period for obtaining the refund …

GST : CBIC issues Clarification on GST refund related issues (18.11.2021) Read More »

Others: Delhi govt notifies revised Minimum Wages w.e.f. 01/10/2021 [Order No. F.No.12 (142)/02/MW/VIII/Part file/4456 dtd 11th Nov 2021]

DGFT : Amendment in Appendix 1A of Foreign Trade Policy, 2015-20 – Navsari & Tapi districts of Gujarat have been moved from territorial jurisdiction of RA, Ahmedabad to RA, Surat with immediate effect. [Public Notice No. 36/2015-2020 dtd 11th Nov 2021]

FEMA / RBI: Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances – Clarifications [Notification No. RBI/2021-2022 / 125 DOR . STR . REC . 68  / 21.04.048 / 2021-22 dtd 12th Nov 2021]

FEMA / RBI : Reserve Bank – Integrated Ombudsman Scheme, 2021 [Notification Ref. CEPD. PRD. No.S873/13.01.001/2021-22 dtd 12th Nov 2021]

Customs : CBIC removes levy of ADD on Medium Density Fiber board [Notification No. 65/2021-Customs (ADD) dtd 11th Nov 2021]

Customs: Seeks to impose ADD on Imports of Untreated Fumed Silica from China PR [Notification No. 66/2021-Customs (ADD) dtd 11th Nov 2021]