Daily Newsletter - December 13, 2023

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Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Draft:

CCI Draft

Legal Updates:

RBI

SEBI

DGFT

Customs

News Update:

Indian News:

ITAT: Non-deposit of LTCGs in designated account will not result in denial of tax sop for purchase of new house

SEBI allows brokers to invest clients’ fund in overnight MF schemes

ED attached Rs 64,920 cr crime proceeds in bank frauds, arrested 150: Govt

LIC announced that it has received a communication/ demand order for collection of GST along with interest and penalty worth Rs 183 crore for Telangana

Sebi puts in place process for dematerialising units of AIFs

SEBI proposes slashing NCD face value from Rs one lakh to Rs 10,000

Govt says 10 PSBs transferred NPAs of over Rs 11k cr to NARCL from Jan-Nov

International News:

US: New audit standards will add to compliance load

Exposure Draft:

CCI Draft:

Amendment in the CCI (General) Regulations, 2009
[Last date for Comments: January 1, 2024] 
  

Legal Updates:

RBI:

Processing of e-mandates for recurring transactions

SEBI:

Upstreaming of clients’ funds by Stock Brokers (SBs) / Clearing Members (CMs) to Clearing Corporations (CCs)

Credit of units of AIFs in dematerialised form

DGFT:

Amendment in Policy Condition of Sl. No. 55 & 57, Chapter 10 Schedule-2, ITC (HS) Export Policy,2018 [Notification No.52]

Customs:

Seeks to levy anti-dumping duty on Synthetic Grade Zeolite 4A imported from Thailand and Iran for 5 years pursuant to Final Findings issued by DGTR [Notification No.14(ADD)]

Corrigendum-Corrigendum dated 11.12.2023 to notification No. 12/2023-Customs(ADD) [Notification No.14(ADD)]

Veterinary Health Certificate for Import of Milk and Milk Products into India [Instruction No.29]

Requirement of BIS registration for import goods notified under the Electronic and Information Technology Goods (Requirement of Compulsory Registration) Order, 2012 and random sampling of LED products and control Gear for LED [Instruction No.28]