Revised import policy for integrated circuits

The notification has revised the import policy for integrated circuits from “free” to “Free subject to compulsory registration under Chip Imports Monitoring System”. The facility of online Registration for CHIMS will be available with effect from 01.08.2021.

IFSCA notifies guidelines on issuance of Certificate of Deposits.

The Banking units may issue CDs to persons resident in India and persons resident outside India as defined in the Foreign Exchange Management Act,1999.Qualified Individual (‘QI’) or Qualified Resident Individual (‘QRI’)shall not be applicable for investment in CDs.