Anti-dumping investigation concerning imports of “Polyester Yarn (Polyester Spun Yarn)” (Case No. OI – 09/2020- (Notification-Final Finding- dtd. 19th August 2021)
Anti-dumping investigation concerning imports of Aceto Acetyl Derivatives of aromatic or hetrocyclic compounds also known as Arylides (Case No. ADD-(OI)-23/2020- (Notification- -Final Finding- dtd. 19th August 2021)
The Ministry of Finance has notified a new set of Rules to amend Schedule I of the existing Foreign Exchange Management (Non-debt Instruments) Rules 2019. (Notification No. S.O. 3411(E) dtd. 19th August 2021)
CBIC has reduced the customs duty on crude soyabean and sunflower oils from 15 per cent to 7.5 per cent. Duty on refined soyabean and sunflower oils have been reduced to 37.5 per cent from 45 per cent. (Notification No. 40/2021-Customs dtd. 19th August 2021)
Extension of last date of export by six months, for those cases where the last date of export falls between 01.02.2021 and 30.06.2021 in case of silver, gold and platinum. (Notification No. 39/2021-Customs dtd. 19th August 2021)
CBDT has notified Two new Income Tax Rules i.e. Rule 12AA- Prescribed person for the purposes of clause (c) and clause (cd) of section 140 and Rule 51B- Appearance by Authorised Representative in certain cases. (Notification No. 93/2021- Income Tax dtd. 18th August 2021)
CBIC has notified the Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 20th August, 2021. (Notification No. 68/2021 – Customs (N.T.) dtd. 9th August 2021)
RBI has issued detailed revised instructions for Safe Deposit Locker / Safe Custody Article Facility provided by banks. (Circular No. DOR.LEG.REC/40/09.07.005/2021-22 dtd. 18th August 2021)
CBIC has issued the clarifications w.r.t. Verification of the Preferential Certificates of Origin and difficulties faced by the trade in implementation of the Customs (Administration of Rules of Origin under Trade Agreements) Rules (CAROTAR), 2020. (Instruction No. 18/2021- Customs dtd. 17th August 2021)
CBIC has issued the instructions to direct Directorate’s/Commissionerate’s that they shall not issue any Circular/ Reports/Alerts etc. regarding clarification or interpretation of classification of goods. (Instruction No. 19/2021-Customs dtd. 17th August 2021)
SEBI has issued the directions to National Commodity & Derivatives Exchange Limited (NCDEX) in respect of trading in Chana. (Press Releases No. 25/2021 dtd. 16th August 2021)
SEBI notifies Penalty for Repeated Delivery Default. (Circular No. SEBI/HO/CDMRD/DRMP/CIR/P/2021/619 dtd. 17th August 2021)
CBIC has streamlined the procedure De-notification of Inland Container Depots (ICDs) /Container Freight Stations (CFSs)/Air Freight Stations (AFSs). (Circular No. 20/2021-Customs dtd. 16th August 2021)
Principal Commissioners/Commissioners of Customs to decide the amount of security required in certain cases of provisional assessments. (Circular No. 19/2021-Customs dtd. 16th August 2021)
Procedure & Criteria for submission and approval of applications for export of COVID-19 Rapid Antigen Testing kits has been specified. (Trade Notice No. 16/2021-22-DGFT dtd. 17th August 2021)
Guidelines and Rates relating to Remission of Duties and Taxes on Exported Products (RoDTEP) scheme are notified. (Notification No. 19/2015-20 dtd. 17th August 2021)
Now listed entities are not required to disclose information relating to credit rating in their financial statements. (Notification No. NO. SEBI/LAD-NRO/GN/2021/42 dtd. 13th August 2021)
SEBI reduces lock-in period for promoter contribution from 3 years to 18 months. (Notification No. SEBI/LAD-NRO/GN/2021/45 dtd. 13th August 2021)
The SEBI has notified the SEBI (Substantial Acquisition of Shares and Takeovers) (Second Amendment) Regulations, 2021 wherein the requirement of continuous disclosure by a person, persons acting in concert, and the promoter of every target company has been dispense with. (Notification No. SEBI/LAD-NRO/GN/2021/46 dtd. 13th August 2021)
The export of COVID-19 Rapid Antigen testing kits falling under the ITC (HS) codes – Ex 3822 and Ex 3002 – or falling under any other HS Code has been put under the restricted category, with immediate effect. (Notification No.18/2015-2020 dtd.16th August 2021)
