The President has given assent to; “The Inland Vessels Act, 2021” on 11th August 2021 (Bill No. 24 of 2021) “The Limited Liability Partnership (Amendment) Act, 2021” on 13th August 2021 (Bill No. 31 of 2021) “The Tribunals Reforms Act, 2021” on 13th August 2021 (Bill No. 33 of 2021) “The Taxation Laws (Amendment) Act, 2021” on …
The Central Government passed the order for Public Procurement Policy for MSEs Amendment Order, 2021. (Notification No. S.O. 3237(E) dtd. 11th August 2021)
The Ministry of Environment, Forest and Climate Change, has notified the Plastic Waste Management Amendment Rules, 2021. Thickness of plastic carry bags increased from 50 to 75 microns from 30th September, 2021 and to 120 microns with effect from the 31st December, 2022. ( Notification dtd. 12th August 2021)
Department of Pharmaceuticals extended the time period for submission of application for the Production Linked Incentive (PLI) scheme for pharmaceuticals to August 31st 2021. (Corrigendum/Addendum dtd. 13th August 2021).
RoSCTL Scheme to be continued till March 31, 2024 for Apparels, Garments and their made-ups. (Ministry of Textile Notification dtd. 13th August 2021)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver. (Notification No. 67/2021-Customs (N.T.) dtd. 13th August 2021)
President has given assent to “The Insolvency and Bankruptcy Code ( Amendment) Act , 2021” on 11th August 2021.
Manual filing of disclosures under SEBI ( Prohibition of Insider Trading) PIT Regulations 2015 is no longer mandatory. (Circular SEBI/HO/ISD/ISD/CIR/P/2021/617 dtd. 13th August 2021)
Listed entities to disclose shareholding, segregated into promoter(s) & promoter group. (Circular SEBI/HO/CFD/CM D/CIR/P/2021/616 dtd. 13th August 2021)
Central Government revokes the anti-dumping duty imposed on ” Viscose Staple Fibre excluding Bamboo Fibre”, falling under tariff item 5504 to 10 00. (Notification No. 44/2021- Customs (ADD) dtd. 12th August 2021)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver. (Notification No. 66/2021-Customs (N.T.) dtd. 11th August 2021)
Mobile signal repeater/booster and walkie-talkie sets falling under the category of Transmission apparatus incorporating reception apparatus ( ITC HS Code – 8525 60 00) classified under ‘free’ category under the Import Policy will not be permitted to be imported except against a license to be issued by the Wireless Planning & Coordination (WPC) wing of …
RBI has provided that Cash-out at any ATM of more than ten hours in a month will attract a flat penalty of Rs.10,000/- per ATM with effect from 1st October 2021. (Circular No. RBI/2021-22/84 DCM (RMMT) No. S153/11.01.01/2021-22 dtd. 10th August 2021)
CBDT has notified New Rule 10RB. Relief in tax payable under sub-section (1) of Section 115JB due to operation of subsection (2D) of Section 115JB and FORM No 3CEEA. (Notification No. 92/2021- Income Tax dtd. 10th August 2021)
CBDT establishes 7 Interim Boards for Settlement having headquarters at Delhi, Kolkata, Mumbai and Chennai. (Notification No. 91/2021- Income Tax dtd. 10th August 2021)
SOP is prescribed for completing the penalties under the Faceless Penalty Scheme, 2021. (Instructions F. No. A.A. (N.A.F.A.C)-1/2021-22/439 dtd. 9th August 2021)
Ministry of Finance has notified Foreign Exchange Management (Non-debt instruments) (Amendments) Rules, 2021 to amend the existing Foreign Exchange Management (Non-debt instruments ) Rules, 2019. (Notification dtd 6th August 2021)
CBDT has notified a new set of Rules 21AI, 21AJ & New Form No. 10IG & 10IH. (Notification No. 90/2021- Income Tax dtd 9th August 2021)
Anti-subsidy investigation on imports of Viscose Rayon Filament Yarn. (Notification- Final Findings dtd. 9th August 2021)
Para 2.07 of Foreign Trade Policy, 2015-20 regarding Principles of prohibition and restrictions is amended to be in line with international agreements. (Notification No. 17/2015-2020 dtd. 10th August 2021)
