Statutory updates

Authorization for Witness Summons in Departmental Inquiry

The Central Government authorizes the inquiring authority to summon and examine eleven specific witnesses for a departmental inquiry against a retired Income Tax Officer.

Authorization to Summon Witnesses for Departmental Inquiry

The Central Government authorizes the inquiring authority to exercise powers under section 5 of the Departmental Inquiries Act of 1972.

Notification of Authorised Officer under Section section 25 read with Section 47(5) of FSS Act, 2006 and Regulation 13 (1) of FSS (Imports) Regulations, 2017

04/2024-Cus (NT) : Exchange Rate Notification No. 04/2024-Cus (NT) dated 18.01.2024-reg.

Reduction of cooling-off period between two consecutive attempts in Limited Insolvency Examination and Valuation Examinations

The Insolvency and Bankruptcy Board of India (IBBI) has reduced the mandatory cooling-off period between two consecutive attempts for the Limited Insolvency Examination (LIE) and…

Appointment of Common Adjudicating Authority for Ecoclean Machines

The Central Board of Indirect Taxes and Customs appoints a common adjudicating authority to finalize provisional assessments for M/s Ecoclean Machines Pvt.

ESI Scheme November 2023 Payroll Data

The provisional payroll data of the Employees State Insurance Corporation shows the registration of 15.92 lakh new employees and 20,830 new establishments for November 2023.

CCI Order on Jarnail Singh versus Madhav KRG Ltd and Punjab Pollution Control Board

The Competition Commission of India closes the case regarding the purchase of pollution dust because multiple buyers and rising prices show market competition.

Master Circular on Exposure Norms and Statutory Restrictions for UCBs

Primary urban co-operative banks must fix exposure ceilings for individual borrowers and group borrowers based on Tier-I capital.

Shriram GI Holdings and Shriram General Insurance Combination

The Competition Commission of India approves the amalgamation of Shriram GI Holdings Private Limited with Shriram General Insurance Company Limited under Section 31(1) of the…

Shriram LI Holdings and Shriram Life Insurance Combination

The Competition Commission of India approves the merger of Shriram LI Holdings Private Limited into Shriram Life Insurance Company Limited.

01/2024-Customs : Seeks to amend Second Schedule to the Customs Tariff Act to prescribe export duty of 50% on exports of Molasses (HS 1703).

02/2024-Customs (NT) : Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

Extension of Concessional Import Duties on Edible Oils

The Central Government extends the existing concessional import duties on specified edible oils until the 31st day of March 2025.

Amendment in policy condition of silver covered under Chapter 71 of Schedule - 1 (Import Policy) of ITC (HS) 2022

Seventy Second Investment Company LLC Combination

Seventy Second Investment Company LLC proposes to acquire equity shareholding in Manipal Health Enterprises Private Limited under the green channel route.

Import Policy Provisions for IT Hardware under HSN 8471

The Directorate General of Foreign Trade clarifies import policy provisions for specific IT hardware under HSN 8471.

Extension of Validity of Pre-Shipment Inspection Agencies

The Directorate General of Foreign Trade extends the validity of recognition for Pre-Shipment Inspection Agencies.