Daily Updates

DGFT: Amendments to the Amnesty Scheme for one time settlement of default in export obligation by Advance Authorization & EPCG Authorization holders clarifying ‘Interest payable is capped at maximum of 100% of such duties exempted, however no interest will be payable in Additional Customs Duties and Special Additional Customs Duties.(19.04.2023)

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DGFT: Amendments to the Amnesty Scheme for one time settlement of default in export obligation by Advance Authorization & EPCG Authorization holders clarifying ‘Interest payable is capped at maximum of 100% of such duties exempted, however no interest will be payable in Additional Customs Duties and Special Additional Customs Duties. [Public Notice No.7/2023 dated 18th …

DGFT: Amendments to the Amnesty Scheme for one time settlement of default in export obligation by Advance Authorization & EPCG Authorization holders clarifying ‘Interest payable is capped at maximum of 100% of such duties exempted, however no interest will be payable in Additional Customs Duties and Special Additional Customs Duties.(19.04.2023) Read More »

Company Law: The responsibility of striking off companies transferred from ‘Registrar of Companies’ to ‘Registrar, Centre for Processing Accelerated Corporate Exit (19.04.2023)

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Company Law: The responsibility of striking off companies transferred from ‘Registrar of Companies’ to ‘Registrar, Centre for Processing Accelerated Corporate Exit (a.k.a. Registrar, Centre for PACE)’ with effect from 1st May 2023 vide amendments to the Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016. [Notification No. G.S.R. 298(E ) dated …

Company Law: The responsibility of striking off companies transferred from ‘Registrar of Companies’ to ‘Registrar, Centre for Processing Accelerated Corporate Exit (19.04.2023) Read More »

SEBI: Dispute Resolution Mechanism declared for Limited Purpose Clearing Corporation (LPCC) for Disputes between Clearing Members inter-se, Disputes between Clearing Member or its Clients and the LPCC, Disputes Between the Clearing Member(s) and their Clients and Disputes between the LPCC and its vendors/suppliers/service providers.(18.04.2023)

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SEBI: Dispute Resolution Mechanism declared for Limited Purpose Clearing Corporation (LPCC) for Disputes between Clearing Members inter-se, Disputes between Clearing Member or its Clients and the LPCC, Disputes Between the Clearing Member(s) and their Clients and Disputes between the LPCC and its vendors/suppliers/service providers. [Circulars No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/57 dated 17/04/2023]

RBI/FEMA :RBI simplifies the application process for registration of Core Investment Companies. The Reserve Bank has undertaken a comprehensive review of the system of processing of applications for registration as Core Investment Companies (CICs) to make the registration process smoother and hassle free (18.04.2023)

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RBI/FEMA: RBI simplifies the application process for registration of Core Investment Companies. The Reserve Bank has undertaken a comprehensive review of the system of processing of applications for registration as Core Investment Companies (CICs) to make the registration process smoother and hassle free. [Press Release: 2023-2024/44 dated 10th April 2023]

Customs: CPCB has requested concerned authorities to consider clearance of import consignments of the importers whose EPR registration is under process at EPR portal based on the proof of submission of application for registration on the portal (18.04.2023)

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Customs: CPCB has requested concerned authorities to consider clearance of import consignments of the importers whose EPR registration is under process at EPR portal based on the proof of submission of application for registration on the portal. [Instruction No.14/2023-Cus Dated 17th April 2023]

GST:Updated Advisory issued for Time limit for Reporting Invoices on the IRP Portal (18.04.2023)

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GST: Updated Advisory issued for Time limit for Reporting Invoices on the IRP Portal: Taxpayers having Annual Aggregate Turnover equal to or greater than 100 Crores will not be allowed to report invoices older than 7 days on the date of reporting. This is applicable for all types of documents for which e-invoicing is applicable …

GST:Updated Advisory issued for Time limit for Reporting Invoices on the IRP Portal (18.04.2023) Read More »

Customs: Customs (Waiver of Interest) Second Order, 2023 issued, for extension of waiver of interest on import duty till 13th April 2023 which was earlier till 10th April 2023 in respect of such goods, where the payment of import duty is to be made from the amount available in electronic cash ledger but not done due to technical issues (12.04.2023)

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Customs: Customs (Waiver of Interest) Second Order, 2023 issued, for extension of waiver of interest on import duty till 13th April 2023 which was earlier till 10th April 2023 in respect of such goods, where the payment of import duty is to be made from the amount available in electronic cash ledger but not done …

Customs: Customs (Waiver of Interest) Second Order, 2023 issued, for extension of waiver of interest on import duty till 13th April 2023 which was earlier till 10th April 2023 in respect of such goods, where the payment of import duty is to be made from the amount available in electronic cash ledger but not done due to technical issues (12.04.2023) Read More »

Customs: W.e.f. 1st May 2023 online filing facility for AEO-LO applications will be available with Launch of Version 3.0 of web- application for filing so as ensure real-time monitoring, and digital certification.(12.04.2023)

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Customs: W.e.f. 1st May 2023 online filing facility for AEO-LO applications will be available with Launch of Version 3.0 of web- application for filing so as ensure real-time monitoring, and digital certification. [Circular No.10/2023-Cus dated 11th April 2023]

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