Ministry of Finance reduces e-invoice limit to 20crore wef 1st April 2022.
e-Invoice is a system in which B2B invoices are authenticated electronically by GSTN for further use on the common GST portal. Under the electronic invoicing system, an identification number will be issued against every invoice by the Invoice Registration Portal (IRP) to be managed by the GST Network (GSTN).
The Draft Inland Vessels [Prevention and Containment of Pollution] Rules 2022.
As per the Draft rules, No inland vessel shall be issued with the Prevention of Pollution Certificate envisaged under the Act by the Designated Authority, unless such vessel complies with requirements and standards for pollution prevention and containment including the physical design of the inland vessel or facilities that the inland vessel must carry, or those which are operational or procedural in nature, which the inland vessel is required to comply with, under these Rules.
DGFT notifies amendment in export policy of Injection Remdesivir and Remdesivir Active Pharmaceutical Ingredients (API).
Earlier, the department restricted the export of injection Remdesivir and Remdesivir Active Pharmaceutical Ingredients (API), drug which is used in COVID-19 treatment. However due the decline in covid-19 case, the export policy of Injection Remdesivir and Remdesivir Active Pharmaceutical Ingredients (API), Amphotericin – B injections, Enoxaparin (Formulation and API) and Intra-Venous Immunoglobulin (IVIG) (Formulation and API) has been made ‘Free’ with immediate effect.
The Indian Boilers (Draft Amendment) Regulation 2022.
As per regulation 4J which deals with process for recognition of competent person in which sub clause 3(i) has been substituted.
The Employees’ State Insurance (Central) Draft Amendment Rules, 2022.
an Insured Women shall be eligible to claim maternity benefit for a confinement occurring or expected to occur in the benefit period January 2021-June 2021 if contributions in respect of her were payable for not less than 35 days in the immediately preceding two consecutive contribution periods from October, 2019 to March, 2020 and April, 2020- to September, 2020.
DGFT amends the import policy of liquid crystals and organic light-emitting diodes.
The import policy of items under ITC(HS) 8524 and 8525 of Chapter 85 of ITC(HS) 2022, Schedule – I (Import Policy) has been revised from ‘Restricted’ to ‘Free’ with immediate effect.Chapter 85 deals with Electrical machinery and equipment, sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles.
SEBI extends the timeline for enforcement of SEBI directions for Segregation and Monitoring of Collateral at Client Level
SEBI extends the timeline for enforcement of SEBI directions for Segregation and Monitoring of Collateral at Client Level till May 2, 2022.
Securities and Exchange Board of India (Depositories and Participants) (Amendment) Regulations, 2022
The amendment provides that a self-clearing member fulfilling the networth requirements as provided under the Securities and Exchange Board of India (Stock Brokers) Regulations, 1992 shall also be eligible to register as a depository participant.
Securities and Exchange Board of India (Stock Brokers)(Amendment) Regulations, 2022
The amendment also provides the quantum of networth and deposit to be maintained by the trading member/ selfclearing member/ clearing member/ professional clearing member, the manner of computation of networth and manner of depositing client’s funds.
