Daily Updates

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]

Others: Legal Metrology (Packaged Commodities) Amendment Rules, 2021 [Notification dtd 2nd Nov 2021 – G.S.R. 779(E).]

DGFT: Two new agencies namely Council for Leather Exports (CLE) and Udaipur Chamber of Commerce & Industry (UCCI) are enlisted under Appendix 2E of FTP, 2015-2020 for issuing Certificate of Origin (Non-Preferential). Name of Marathwada Industries Association, already enlisted under Appendix 2E, has been amended as Chamber of Marathwada Industries and Agriculture (CMIA). [Public Notice …

DGFT: Two new agencies namely Council for Leather Exports (CLE) and Udaipur Chamber of Commerce & Industry (UCCI) are enlisted under Appendix 2E of FTP, 2015-2020 (12.11.2021) Read More »

Central Exicse : CBIC Notification allowing Centralised registration for Petroleum Crude [Notification No. 02/2021-Central Excise (N.T.) dtd 10th Nov 2021]

Central Excise : Procedures for refund of excise duty on purchase of petrol/diesel/fuel oil by Diplomatic Missions Reg. [Instruction No. F. No. 116/40/2021-CX-3 dtd 10th Nov 2021]

Central Excise: CBIC clarifies on pre-show cause notice consultation [Circular No. 1079/03/2021-CX dtd 11th Nov 2021]

Customs : Govt rescinds the ‘Mineral (Mining by Government Company) Rules, 2015 which was notified for granting mining lease to Government companies [Notification No. G.S.R. 777(E) dtd 2nd Nov, 202]

Customs: CBIC Notifies Rate of Exchange of Foreign Currencies wef 04.11.2021 [Notification No. 90/2021- Customs (N.T.) dtd 3rd Nov 2021]

Customs: Procedure for utilising MEIS Scrip for payment of customs duty [Public Notice No. – 92/2021 dtd 1st Nov 2021]

FEMA: RBI Master Circular – Consolidation of instructions/ guidelines issued to Banks w.r.t. Guarantees and Co-acceptances [RBI/2021-22/121 dtd 9th Nov 2021]

GST : TNGST: SOP for scrutiny for returns Refund – certain guidelines issued [Circular No: 26/2021 – TNGST dtd 29th October 2021]

GST: TNGST- SOP for Faceless Refund under GST guidelines [Circular No: 27/2021 – TNGST dtd 29th October 2021]

GST : GST Proper officer functions scrutiny, assessment, detention, seizure, release & refund [Circular No.6/2021 dtd 7th Nov 2021]

GST: Instructions/Guidelines regarding procedure to be followed in scrutiny of returns and thenceforth actions. [Circular No 7/2021 dtd 7th Nov 2021]

DGFT: Import of Urea allowed through NFL and IPL [Notification No. 40/2015-2020-DGFT dtd 3rd Nov 2021]