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News 26 November 2022

 

What's New...

 

Flat Panel Display Modules without Driver or Control Circuit for Cellular Mobile Phones at Zero Duty under FTAs Notified

·   10% Duty is otherwise applicable under Sr.No. 5D(a) of 57/2017 as amended

Wheat Flour (Atta) Export Allowed under Advance Authorisation Scheme

·   Duty Free Import Wheat in AA Must be Converted to Atta and Exported within 180 Days

·   Domestic Procurement not Allowed

Waist Coat SION Amended

·   Shopping List Amended to Allow any Woven Fabric Import

·   Permission of Nylon Removed

Special Economic Zones Rules, 2006

Aircraft Procedure of Import or Export or Procurement in GIFT City

·   Aircraft Import, Export and DTA Sales Procedure in GIFT City

·   Procedure of import or export or procurement from or supply to Domestic Tariff Area of aircraft by a Unit in International Financial Services Centre

·   New Rules 29A Inserted

RBI Permits Banks to Open 12 Special Vostro Accounts for Trade in Rupees

Rs. 17,000 Crs of GST Compensation Released to States

MoS Rajeev Chandrasekhar Inaugurates Digital India Startup Hub at STPI, Davanagere in Karnataka

·   Prime Minister’s vision is to ensure that every Young Indian gets an opportunity to participate in India’s vibrant Startup & Innovation Ecosystem

Finance Minister Nirmala Sitharaman Chairs Pre-Budget Consultation with Finance Ministers of States

China Cuts Reserve Ratio for Banks, $70 bn Injected in Economy

 

24.11.2022

Competition Commission (CCI) to Adjudicate in GST Profiteering Cases, Investigation by GST Officers

·      National Anti-profiteering Authority Run by GST Agencies goes from 1 Dec 2022

Competition Commission of India to Handle Anti-profiteering Cases under CGST Act, 2017 with effect from 01.12.2022

CGST Rules, 2017 relates to National Anti-Profiteering Authority Amended

FIEO Wants Weak Rupee to Boost Exports

Opium Smuggling from North East to Rajasthan, Revenue Flow Detected

Startup India Launches Startup Applications for MAARG Portal

Fresh Water Turtle Batagur Kachuga Earned Wide Support at CoP19 of CITES at Panama

Preparations for Second Wave of Fisheries Subsidies Negotiations Ramped Up at WTO

 

 

 

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Last Updated on 26-11-2022