SEBI: Modification in Cyber Security and Cyber resilience framework of Qualified Registrars to an Issue and Share Transfer Agents (“QRTAs”) (SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2022/73 Dated: 27th May 2022)
MCA: Relaxation in paying additional fees in case of delay in filing Form 11 (Annual Return) by Limited Liability Partnerships up to 30th June, 2022 (General Circular No. 04/2022 dated 27th May 2022)
Income Tax: Faceless Penalty (Amendment) Scheme, 2022 introduced to substitute the Regional Faceless Penalty Centres with National Faceless Penalty Centres (Notification No. 55/2022- Dated: 27th May 2022)
Central Excise: Taxpayers are advised to use Accounting Head Code 0402 (Road and Infrastructure Cess) for payment of Road and Infrastructure Cess on both Motor Spirit and High Speed Diesel, and Accounting Head Code 0107 (Special Additional Duty on Motor Spirit) for payment of Special Additional Excise Duty on both Motor Spirit and High Speed …
RBI: The minimum net-worth requirement for non-bank Bharat Bill Payment Operating Units (BBPOUs) stands reduced to ₹25 crore. (RBI/2022-2023/58 CO.DPSS.POLC.No. S-253/02-27-020/2022-23 dated 26th May 2022)
RBI: Redemption price for the premature redemption due on May 30, 2022 shall be Rs. 5119/- per unit of Sovereign Gold Bond (SGB) based on the simple average of closing gold price for the week May 23-27, 2022. (Press Release: 2022-2023/279 dated 27th May 2022)
Customs: Export duties has been introduced on Flat rolled products of iron or non-alloy steel, hot rolled, not clad, plated or coated (15%) , Flat rolled products of iron or non-alloy steel, cold rolled (cold-reduced), not clad, plated or coated (15%) , Flat rolled products of iron or non-alloy steel, plated or coated with zinc …
Customs: Export duties has been introduced (25.05.2022) Read More »
Customs: Export duties has been introduced on Iron ore pellets (45%), Sacking (cloth, bags, twist, yarn, rope, and twine (15%), Semi-finished products of iron or non-alloy steel ( 15% ) (Notification No 29/2022-Customs dated: 21st May 2022)
SEBI: SEBI Issued circular on Development of passive funds (Circular no: SEBI/HO/IMD/DOF2/P/CIR/2022/69 dated: 23rd May 2022)
RBI: The ceiling on housing finance Loans towards repairs/additions/alterations is now revised to ₹10 lakh in metropolitan centres (those centres with population of 10 lakh and above) and ₹6 lakh in other centres. (Circular No. RBI/2022-23/56 DOR.CRE.REC.18/09.22.010/2022 dared 24th May 2022)
CBIC: Instructions issued towards Standard Operating Procedure (SOP) for NCLT cases in respect of the Insolvency and Bankruptcy Code (IBC) (Instruction No. 1083/04/2022-CX9 dated 23rd May 2022)
DGFT: Import of Oxytocin shall remain Prohibited. However, import of Oxytocin reference standards falling under HS Codes 29371900, 29372900, 29379019, 29379090 and all HS Codes at 8 digit level under 3004 is permitted exclusively for the purpose of test and analysis subject to submission of Test License issued by the DGCI / CDCSO. (Notification No. …
DGFT: Prohibition on export of wheat – RAs to manually sign Registration Certificate to avoid any misuse since the digitally RCs have not been integrated with the ICEGATE system of Customs (Trade Notice No. 10/2022-2023 dated 24th May 2022)
SEBI: SEBI issues Master Circular for Commodity Derivatives Market , which will supersede previous Master Circular (MASTER CIRCULAR No. SEBI/HO/CDMRD/DMP/P/CIR/2022/64 dated 17th May 2022)
SEBI: SEBI simplifies procedure and standardization of formats of documents for transmission of securities (Circular No. SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2022/65 dated 18th May 2022)
DGFT: Amendment in import policy condition of Fresh Ginger under Chapter 09 of the ITC (HS) 2022, Schedule -I (Import Policy). (Notification No. 07/2015-2020 dated: 19th May 2022)
DGFT: Amendment in Export Policy of Bamboo Charcoal (Notification No. 08/2015-2020 dated 19th May 2022)
DGFT: The last date for submission of online applications for allocation of Tariff Rate Quota (TRQ) under India—UAE CEPA first two quarters of FY 2022-23 (01 May 2022 to 30 Sep 2022) has been extended till 31.05.2022. (Public Notice No. 08/2015-2020 dated 19th May 2022)
GST: CBIC Extends due date of filing FORM GSTR3B for the month of April 2022 till the 24th day of May, 2022 (Notification No. 05/2022–Central Tax Dated 17th May 2022.)
GST: CBIC extends due date of payment of tax for the month of April, 2022 by taxpayers under QRMP scheme in FORM GST PMT-06 till 27th May, 2022 (Notification No. 06/2022-Central Tax dated 17th May 2022)
