Daily Updates

Income Tax : CBDT designates Special Courts in GOA [Notification No. 123/2021 – Income Tax dtd. 25th October, 2021]

Income Tax : CBDT designates Special Courts in Karnataka [Notification No. 122/2021 – Income Tax dtd. 25th October, 2021]

Customs : CBIC amends notification No. 25/2021-Customs dated 31.03.2021 [Notification No. 51/2021-Customs dtd 22nd Oct 2021]

Customs : CBIC includes Sierra Leone in list for tariff concession on import from specified countries [Notification No. 50/2021-Customs dtd 22nd Oct 2021]

Customs : CBIC removes ADD on Polytetrafluoroethylene import from Russia [Notification No. 62/2021-Customs (ADD) dtd 22nd Oct 2021]

Others: Sovereign Gold Bond Scheme 2021-22 [NOTIFICATION G.S.R. 750(E). dtd 21st October, 2021]  

SEBI: Modalities for filing of placement memorandum through a Merchant Banker [Circular SEBI/HO/IMD/IMD-I/DF6/P/CIR/2021/645 dtd. October 21, 2021]

FEMA : Foreign Exchange Management (Debt Instruments) (First Amendment) Regulations, 2021 [Notification No. FEMA.396(1)/2021-RB dtd 13th October 2021]

FEMA: RBI imposes Penalty on payment system operator Paytm & Western Union [ FEMA Press Release dtd 23rd October 2021]

Customs: Advisory on Multiple requests made for change in CFS for particular bill of lading /consignments [Advisory Note F. No. S/22-Gen-402/2017-18 AM(I) DPD Cell dtd. 20.10.2021]

Customs : CBIC Notifies Rate of Exchange of Foreign Currencies w.e.f. 22.10.2021 [Notification No. 82/2021 – Customs (N.T.) dtd 21st October, 2021]

SEBI warns Investment Advisers dealing in unregulated products [SEBI Press Release No. 30/2021 dtd 21st October 2021]

Customs: ADD on Phenol imported from European Union, Singapore & Korea RP [Notification No. 61/2021-Customs (ADD) [G.S.R.748(E)] dtd. 20th October 2021]

GST: Govt Constitutes Expert Group on Tobacco Taxation [Office Memorandum No. P.16017/23/2019-TC dtd 12th October, 2021]

GST: Weekly newsletter from Chairman, CBIC [D.O.No.93/CH(IC)/2020 dtd 18th October 2021]

GST: GSTN has issued an advisory for taxpayers on Form GSTR-2B [GSTN Advisory dtd 18th October 2021]

DGFT : Govt removes restriction on Export of Diagnostic kits [Notification No. 39/2015-2020 dtd 14th October 2021]

DGFT: Enlistment of 3 new Agencies (Export Promotion Council for EOUs & SEZs, Urban Exim Care Association & Federation of Industries & Associations) under Appendix 2E of FTP, 2015-2020 to issue Certificate of Origin (Non Preferential) [Public Notice No. 30/2015-2020 dtd 18th October 2021]

DGFT : Extension of Date for Mandatory electronic filing of Non-Preferential Certificate of Origin (CoO) through the Common Digital Platform to 31st October 2021. [Trade Notice No. 21/2021-2022 dtd 18th October 2021]

Corporate Laws: Guidelines for change of name/shareholding pattern/constitution/Directors etc. [SEZ Instruction No. 109 dtd 18th October 2021]