Statutory updates

Amendments in SION C-831 for Stainless Steel Seamless Tubes

The Director General of Foreign Trade amends Standard Input Output Norms C-831 for the export of Stainless Steel Seamless Pipes and Tubes.

Customs Tariff Amendment for Chapter 90 Goods

The Central Government amends the First Schedule to the Customs Tariff Act, 1975, to increase the import duty for specific goods under Chapter 90.

Master Direction on Filing of Supervisory Returns Directions 2024

The Reserve Bank of India issues the Master Direction for filing supervisory returns to consolidate instructions and harmonize submission timelines for supervised entities.

Acquisition of Shares in Mahindra Last Mile Mobility by India-Japan Fund

The Competition Commission of India receives a green channel notice for the proposed acquisition of between 6.06 and 8.25 percent of the total paid up share capital of Mahindra…

Electronic Filing of Specified Forms Under Rule 131

This notification specifies that eight forms, returns, statements, reports, and orders prescribed in Appendix II must be furnished electronically and verified under Rule 131 of…

Approval of Panjab University for Scientific Research under Section 35

The Central Government approves Panjab University, Chandigarh under the category of University, college or other institution for Scientific Research.

Notification of the panel of Auditors to Audit the accuracy of Metering and Billing Systems of the service providers

The Telecom Regulatory Authority of India (TRAI) has empaneled nine audit agencies to conduct audits of the accuracy of metering and billing systems for service providers.

Ayudha Foundation And Talk Charge Technologies Pvt. Ltd

Extension in Import Period for Yellow Peas under ITC (HS) Code 07131010 of Chapter 07 of ITC (HS), 2022, Schedule –I (Import Policy)

Public Tech Platform for Frictionless Credit Notification

The Central Government notifies the Public Tech Platform for Frictionless Credit as the system with which the common portal may share information based on consent under Section…

Extension of Timeline for Bullion Trading and Clearing Members

The International Financial Services Centres Authority extends the timeline specified in paragraphs 3 and 4 of the earlier circular by 6 months.

Deposit and Withdrawal of Unclaimed Dividends and Undistributed Proceeds

The Insolvency and Bankruptcy Board of India has clarified the procedure for liquidators to withdraw unclaimed dividends or undistributed proceeds from the Corporate Liquidation…

Enhancing Transparency and Stakeholder Engagement in Liquidation Process

The Insolvency and Bankruptcy Board of India has issued directives to improve transparency and stakeholder involvement during the liquidation process.

Relief in Average Export Obligation for EPCG Authorizations

Regional Authorities of DGFT must re-fix the annual average export obligation for EPCG authorizations for the year 2022-23 for product groups that experienced an export decline of…

Suspension of inoperative SIONs w.e.f. 1st April, 2024-reg

12/2024-Customs : Seeks to amend notification No. 55/2022 - Customs, dated 31.10.2022 and notification No. 64/2023 - Customs, dated 07.12.2023, in order to remove end date on export duty on Parboiled Rice and to prescribe specified condition on imports of Yellow Peas.

Appointment of Common Adjudicating Authority for Royal Canin India

The Central Board of Indirect Taxes and Customs appoints a common adjudicating authority to handle provisional assessment cases for M/s Royal Canin India Private Limited.

Income-Tax Second Amendment Rules Correction

The Central Board of Direct Taxes issues a corrigendum to amend notification number G.S.R. 83(E) dated 31st January 2024.