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CAalley Newsletter dated January 30, 2023

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Indian News

Budget News

International News

Reference Section:


CA's Referencer

Legal Updates:





News Update:

Moody's withdraws IDBI Bank's credit ratings for business reasons

Govt agrees to allow settlement scheme for cartels in Competition Bill

RBI governor says current account deficit manageable

Govt recommends imposing anti-dumping duty on vinyl tiles frm China, Taiwan

Govt rejects panel push for effect-based test in Competition Amendment Bill

9 out of 10 individual traders in F&O segment making losses: Sebi

Securitisation of stressed assets: RBI floats paper on regulatory purview


Budget News:

Union Budget likely to test govt's fiscal resolve ahead of 2024 elections

Budget 2023-24: Centre to target higher capex but lower fiscal deficit


International News:

Here Are the IFRS Updates That Became Effective This January

AICPA Digital Asset Reporting Guide Punts on Lending Transactions

U.S. watchdog should step up oversight of crypto auditors, say Democratic senators

Auditors dialed back mandated disclosures: study

Reference Section:


How can auditors define material fraud?
[By ICAEW Insights,
January 27, 2023]


CA's Referencer:

Letter of Undertaking Format for export of goods or services without payment of integrated tax

Audit Quality Maturity Model – Revised Version 1.0
(AQMM Rev v1.0)
[Issued on September 6, 2022]

Legal Updates:


The Companies (Registration Offices and Fees) Amendment Rules, 2023



DGFT 2022 updated



Amendment to Instruction No 18/2022-Customs dated 12.08.2022, Instruction No 30/2022-Customs dated 14.11.2022 and Instruction No 32/2022-Customs dated 28.11.2022 regarding extension of Requirement of Health Certificate accompanied with the import of food consignments [Instruction No.4]

Cancellation of swapping order w.r.t. 8th & 9th Reallocation of Export Quota for export during Sugar Season 2022-23 and holding of export quota [Instruction No.3]

Seeks to amend notification No. 43/2021-Customs(ADD) regarding levy of anti-dumping duty on Phthalic anhydride to amend the name of the producer from "Aekyung Petrochemical Co. Ltd." to "Aekyung Chemical Co., Ltd." [No.2(ADD)]


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