PLI Scheme: Ministry of Textiles has further extended the timeline for submission of applications under the PLI Scheme for Textiles till 28.02.2022 from 31.01.2022
MCA: Relaxation on levy of additional fees is given till 15.03.2022 for filing of e-forms AOC-4, AOC-4 (CFS), AOC-4, AOC-4 XBRL AOC-4 Non-XBRL and 31.03.2022 for MGT-7/MGT-7A for the financial year 2020-21
DGFT: Import policy for Moong is revised from “Free” to “Restricted” with immediate effect. DGFT Notification dated 11th February, 2022
DGFT: The procedure for allocation of quota for import of (i) Calcined Pet Coke for use in Aluminum Industry; and (ii) Raw Pet Coke for CPC manufacturing industry for the year 2022-2023 is notified. (Public Notice No. 48/2015-20-DGFT dated 10.02.2022)
DGFT: Import policy of drones in CBU/CKD/SKD form under HS Code 8806 is `Prohibited’ with exceptions provided for R&D, Defence and Security purposes. Import of drone components shall be ‘Free’. This shall come into force with immediate effect. (Notification No. 54/2015-2020-DGFT dated 09.02.2022)
DGFT: Import policy for import of various goods has been amended. Schedule I to import policy has been replaced. (Notification No. 54/2015-2020-DGFT dated 09.02.2022)
Like every year, Bizsolindia organise a Budget Webinar where the experts from the industry share the Clause By Clause Analysis. We are amongst the first to deliver such analysis to our clients.
Customs: CBIC notifies Customs exchange rates w.e.f February 04, 2022 (Notification 8/2022-Cus (NT)
Customs: CBIC has clarified on applicability of Social Welfare Surcharge on goods exempted from basic and other customs duties/cesses. It says there will not be SWS when custom duties are fully exempted. (Circular No. 3/2022-Customs dated 01.02.2022)
Bizsol Update for the month February 2022: Budget 2022-23: Clause by Clause Analysis of Budget Provisions Changes in GST, FTP, Central Excise, Customs, Income Tax, Service Tax, MVAT, Company law, FEMA/ RBI , SEZ. Important due dates for the statutory payments for the month. Important High Court/ CESTAT / ITAT Decisions during the month. Bizsol …
DGFT: The due dates for following has been extended up to 28th Feb 2022 vide Notification No.53/2015-20 dated 01st Feb 2022: For MEIS (for exports made in the period (s) 01.07.2018 to 31.03.2019 (with 10% late cut), 01.04.2019 to 31.03.2020 and 01.04.2020 to 31.12.2020). For SEIS (for service exports rendered for FY 18-19 (with 10% …
DGFT: The due dates has been extended up to 28th Feb 2022 (02.02.2022) Read More »
DGFT: The export policy of all kinds of syringes falling under HS code 90183100 or falling under any other HS code has been made ‘Free’ with immediate effect. ( Notification No. 52/2015-2020-DGFT dated 31.01.2022)
SEBI: SEBI notifies Securities and Exchange Board of India {KYC (Know Your Client) Registration Agency} (Amendment) Regulations, 2022. (Notification No. SEBI/LAD-NRO/GN/2022/72 dated 28.01.2022)
SEBI: SEBI issued a circular for Introduction of Special Situation Funds as a sub-category under Category I Alternative Investment Funds (AIFs) (Circular SEBI/HO/IMD-I/DF6/P/CIR/2022/009 dated 27.01.2022)
DGFT: DGFT released procedures for applying for Tariff Rate Quota (“TRQ”) under the Free Trade Agreement (“FTA”)/ Comprehensive Economic Cooperation Agreement (“CECA”) for FY 2022-23. The last date for e-TRQ applications for FY2022-23 is 28.02.2022. (Trade Notice No. 33/2021-2022 dated 27.01.2022)
Customs: Office of Principal Commissioner of Customs, JNCH has issued Public Notice for Setting up of Central Receipt Unit (CRU) at central location, and CRU Email address for each Commissionerate of Mumbai Customs Zone-II. For convenience of trade, the CRU shall serve as the single point of contact for receipt of all types of correspondence …
SEBI: Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 2022 has been notified. (Notification No. SEBI/LAD-NRO/GN/2022/70 dated 25.01.2022)
SEBI: A new set of regulations to amend the existing SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003 has been notified, which shall come into force from 25th January, 2022. (Notification No. SEBI/LAD-NRO/GN/2022/71 dated 25.01.2022)
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