Draft Food Safety and Standards (Food Products Standards and Food Additives) Amendment Regulations, 2020
Objections or suggestions to Draft Food Safety and Standards (Food Products Standards and Food Additives) Amendment Regulations, 2020, if any, may be addressed to the Chief Executive Officer, Food Safety and Standards Authority of India, FDA Bhawan, Kotla Road, New Delhi- 110002 or may be sent by e-mail at regulation@fssai.gov.in.
CBIC extends the deadline for compliance with anti-profiteering provisions of CGST, 2017
The present notification enlarges the scope of the original notification of April 2020. By virtue of this notification, any compliance in respect of anti-profiteering that was required to be completed by any date between 20th March 2020 and 29th November 2020 and could not be completed by that date, can now be completed till 30th November 2020.
DGFT imposes a ceiling on MEIS benefits for exports between 1st September 2020 and 31st December 2020
The notification states that the total reward which may be granted to an Importer- Exporter Code (IEC) holder under the Merchandise Exports from India Scheme (MEIS) will not exceed Rs. 2 crore. This ceiling applies per IEC. Further, the ceiling pertains to the exports made from 1st September 2020 till 31st December 2020. Additionally, the notification elucidates that the MEIS stands withdrawn with effect from 1st January 2021. Thus no benefits under this scheme will be available for exports made after 1st January 2021.
Sebi revises debt and money market securities transactions.
SEBI has decided to revise the details of debt and money market securities transacted (including inter scheme transfers) in its schemes portfolio which shall be disclosed on daily basis with a time lag of 15 days in a revised format.
RBI Announces Measures to Foster Orderly Market Conditions.
The Reserve Bank will conduct term repo operations for an aggregate amount of ₹100,000 crore at floating rates in the middle of September to assuage pressures on the market on account of advance tax outflows.
CBDT allows assesses from the IT department to share information with scheduled commercial banks.
CBDT has specified Scheduled Commercial Banks for disclosure of information respecting assesses under Section 138(1)(a)(i) of the Income Tax Act, 1961.
