Daily Newsletter - March 7, 2024

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Latest additions to CAalley:

News Update:

Indian News

Legal FAQs:

RBI FAQs

Legal Updates:

Income Tax

CCI

RBI

SEBI

DGFT

Customs

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News Update:

Indian News:

RBI tightens norms for credit, debit cards used with business accounts

Indian government panel backs higher carbon tax on coal imports

India mulls quota-based duty cuts on gold imports to Switzerland under EFTA

CBI conducts searches at 67 locations in Raj, Maha in UCO Bank IMPS scam

RBI, Bank Indonesia agree to use local currencies for bilateral trade

NFRA to look at feasibility of ranking auditors

SEBI offers settlement opportunity to entities in illiquid stock option segment. Details here

Explained: You can choose your own credit card network from 6 September

MCA starts major review of regulatory rules

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Legal FAQs:

RBI FAQs:

FAQs on Master Direction (MD) - Credit Card and Debit Card – Issuance and Conduct

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Legal Updates:

Income Tax:

​Ex-post facto extension of due date for filing Form No. 26QE which was required to be filed during the period 01.07.2022 to 28.02.2023 (pertaining to F.Y. 2022-23)​ [Circular No.4]

CBDT clarifies provisions relating to donations made by a trust / institution to another trust / institution for the purposes of application of income [Press Release]

 

CCI:

The Competition Commission of India (Determination of Turnover or Income) Regulations, 2024

The Competition Commission of India (Determination of Monetary Penalty) Guidelines, 2024

The Competition Commission of India (Settlement) Regulations, 2024

The Competition Commission of India (Commitment) Regulations, 2024

 

RBI:

Amendment to the Master Direction - Credit Card and Debit Card – Issuance and Conduct Directions, 2022

 

SEBI:

Notification for List of goods notified under SCRA, 1956

 

DGFT:

Enabling provisions for import of inputs that are subjected to mandatory Quality Control Orders (QCOs) by Advance Authorisation holders and EOU [Notification No.69]

Amendment in Import Policy condition for Raw Pet Coke and Calcined Pet Coke under Chapter 27 of Schedule–I (Import Policy) of ITC (HS) 2022 [Notification No.68]

Export of Onions (under HS Code 07031019) to Bhutan, Bahrain and Mauritius [Notification No.67]

Amendment in import policy condition for Duck Meat Chapter 2 of ITC (HS) 2022, Schedule–I(Import Policy) [Notification No.66]

Export of Onions (under HS Code 07031019) to UAE [Notification No.65]

Export of food commodities through National Cooperative Exports Limited (NCEL) [Notification No.64]

Import of Menthol covered under ITC(HS) codes: 29061100, 30039021, 33012590 and 33012400 under Advance Authorisation/DFIA [Public Notice No.48]

Enabling provisions for import of inputs that are subjected to mandatory Quality Control Orders (QCOs) by Advance Authorisation holders and EOU [Public Notice No.47]

Amendments in Implementation of Yellow Peas Import Monitoring System [Public Notice No.46]

 

Customs:

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver [Notification No.17(NT)]

Seeks to amend notification No. 50/2017- Customs dated 30.06.2017, in order to reduce the BCD on imports of meat and edible offal, of ducks, frozen, subject to the prescribed conditions, with effect from 07.03.2024 [Notification No.13]

 

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