Fiscal, Corporate & Commercial Laws News
- Notification on Tariff value of Certain Imported Goods under the Customs Act, 1962 (dated 31/01/2024) – CBIC
- The Central Board of Indirect Taxes and Customs (CBIC) amended notification no. 36/2001 –Customs (N.T) dated 3rd August 2001.
- Substituted Tables 1, 2 & 3 relating to customs tariff value for various goods including Crude Palm oil, other palm oil, Areca nuts, Gold, and Silver.
- Effective from 01st February 2024.
- Press release on action against Paytm Payments Bank Ltd under section 35A of the Banking Regulation Act, 1949 (dated 31/01/2024) – RBI
- RBI announced restrictions on PayTM Payments Bank Ltd.
- On boarding of new customers stopped immediately.
- Credit and deposit transactions to cease after 29th February 2024.
- Press release on streamlining of Internal Compliance monitoring function – leveraging use of technology (dated 31/01/2024) – RBI
- RBI implementing comprehensive, integrated, enterprise-wide, and workflow-based solutions/tools to enhance Internal Compliance Monitoring Function.
- REs advised to review existing internal compliance tracking and monitoring processes and institute necessary changes by June 30, 2024.
- Circular related to Guidelines on import of gold by Tariff Rate Quota (TRQ) holders under the India-UAE CEPA as notified by the IFSCA (dated 31/01/2024) – RBI
- RBI allows TRQ holders under the India-UAE CEPA to remit advance payment for import of gold through IIBX against the TRQ.
- Refer circular for detailed guidelines.
- Notification on the International Financial Services Centres Authority (Payment Services) Regulations, 2024 (dated 30/01/2024) – IFSCA
- IFSCA issues Payment Services Regulations, 2024.
- Consultation paper on the proposed International Financial Services Authority (Payments Regulatory Board) Regulations, 2024 (dated 31/01/2024) – IFSCA
- IFSCA seeks public suggestions on proposed Payments Regulatory Board Regulations by 23rd February 2024.
- Public notice on the enlistment of chambers/agencies under appendix 2E of FTP, 2023 (dated 31/01/2024) – DGFT
- DGFT enlists chambers/agencies authorized to issue a certificate of origin (Non-preferential).
- Refer public notice for details.
- Circular postponing the approval committee meeting for SEEPZ – SEZ (dated 31/01/2024) – Assistant Development Commissioner
- Meeting for SEZs (except Pune cluster) and EOUs under DC, SEEPZ SEZ postponed to 07th February 2024.
- Agenda to be uploaded on the website.
- Notification under the Central Goods and Services Tax Act, 2017 (dated 30/01/2024) – CBIC
- CBIC issues notification amending exemption of intra-state supplies of certain goods.
- Various notifications under the Delhi Goods and Services Tax Act, 2017 (dated 30/01/2024) – Government of NCT Delhi
- Government of NCT Delhi issues notifications regarding tax collection at source and special procedures for certain goods supplies.
- Order under section 119 of the Income-tax Act, 1961 (dated 31/01/2024) – CBDT
- CBDT releases order on processing of income tax returns beyond prescribed time limits in nonscrutiny cases.
Labour Employment and Industrial News
- Press release regarding CPI numbers to Industrial Workers for the month of December 2023(dated 31/01/2024)-MOLE
- Advisory for Employers to Promote Women Workforce Participation (dated 31/01/2024)-MOLE
Environment, Health & Safety Law News
- Notification on the Draft End-of-Life Vehicles (Management) Rules, 2024 (dated 30/01/2024) – Ministry of Environment, Forest and Climate Change
- Seeking objections or suggestions on the draft within 60 days from publication.
Core Industry Specific
- Multiple order under the Bureau of Indian Standards Act, 2016 (dated 31/01/2024) – Ministry of Chemicals and Fertilizers
- Changes in commencement dates for various quality control orders.
- Refer order for specifics.