Daily Newsletter - January 17, 2024

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Latest additions to CAalley:

News Update:

Indian News

International News

Acts & Regulations:

RBI Master Circular

Useful Forms:

Income Tax eFiling Utilities

Legal Updates:

GST

CCI

RBI

DGFT

Customs

Central Excise

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News Update:

Indian News:

NFRA: Request for Proposal for Appointment of CA Firms/LLP/Proprietorship for Compilation & Verification of Books of Accounts and Taxation Matters of NFRA

PFRDA notifies Point of Presence (PoP) Regulations requiring only one registration for NPS

Helmet makers demand cut in GST as 2W accidents claim goodslives in India

EPFO removes Aadhaar from list of acceptable documents for proof for updation/correction of DOB

Fitch affirms 'BBB-' rating for India with a stable outlook amid strong growth

Over 50% DPIIT-recognised startups from tier-II and tier-III cities

India will impose non-tariff barriers on reciprocal basis: Piyush Goyal

RBI panel makes several suggestions on state government guarantees

New RBI rules on penal charges on loans: Will there be any upper limit/cap for imposing penal charges?

Govt imposes 50% export duty on molasses; extends lower duty on edible oils

86% Indian CEOs optimistic about country's economic growth: PwC survey

Reserve Bank of India likely to withdraw relief to govt-owned NBFCs

Revised norms on fair lending practice effective from April 1, says RBI

 

International News:

ACCA welcomes proposals to strengthen auditor reporting requirements

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Acts & Regulations:

RBI Master Circular:

Master Circular - Exposure Norms and Statutory / Other Restrictions - UCBs

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Useful Forms:

Income Tax eFiling Utilities:

Updated Income Tax eFiling Utility and Schema for Form 10BB

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Legal Updates:

GST:

Advisory: Introduction of new Tables 14 & 15 in GSTR-1

 

CCI:

The CCI (Director General) Recruitment Rules, 2009

 

RBI:

Second Schedule to the Reserve Bank of India Act, 1934 – Norms for inclusion

 

DGFT:

Amendment in policy condition of silver covered under Chapter 71 of Schedule - 1 (Import Policy) of ITC (HS) 2022 [Notification No.57]

 

Customs:

Appointment of Common Adjudicating Authority for the purpose of adjudication of finalization of Provisional Assessment in SVB case w.r.t. M/s Ecoclean Machines Pvt. Ltd [No.3(NT)]]

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver [Notification No.2(NT)]]

Seeks to amend notification Nos. 48/2021 and 49/2021 - Customs both dated 13.10.2021 in order to extend the existing concessional import duties on specified edible oils up to and inclusive of the 31st March 2025 [Notification No.2]

Seeks to amend Second Schedule to the Customs Tariff Act to prescribe export duty of 50% on exports of Molasses (HS 1703) [Notification No.1]

Seeks to continue levy of anti-dumping duty on Meta Phenylene Diamine imported from Chian PR for 5 years pursuant to Sunset Review Final Findings issued by DGTR [Notification No.1(ADD)]

 

Central Excise:

Seeks to amend No. 18/2022-Central Excise, dated the 19th July, 2022 to reduce the Special Additional Excise Duty on production of Petroleum Crude [Notification No.3]

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