Discontinuation of usage of pool accounts for transactions in the units of Mutual Funds
It has been decided to extend the date of applicability of “Circulars” providing for usage of pool accounts for transactions in the units of Mutual Funds, redemption, source account verification and Two Factor Authentication to July 01, 2022
DGFT extends validity of HBP 2015-2020
DGFT has extended the validity of the Handbook of Procedures 2015-20 till the 31st of September, 2022.
Non residents exempted from TCS relaxation
If a resident of India purchases goods for manufacturing or producing other items instead of trading, such goods will not attract tax. It is clarified that this exemption shall not apply to an individual who is not a resident in India and who is visiting India.
The Customs (Electronic Cash Ledger) Regulations, 2022.
The electronic cash ledger shall be maintained in FORM ECL-1 on the common portal for each person in regard to every deposit made towards duty, interest, penalty, fee or any other sum payable by the person and the deposit made in the electronic cash ledger shall not accrue any interest.
The Medical Devices (Draft Amendment) Rules, 2022.
The dossier should contain a list of all materials of animal or human origin used in the device. For these materials, detailed information should be provided concerning the selection of sources or donors; the harvesting, processing, preservation, testing and handling of tissues, cells and substances of such origin should also be provided. Process validation results should be included to substantiate that manufacturing procedures are in place to minimize biological risks, in particular, with regard to viruses and other transmissible agents. Transmissible Spongiform Encephalopathies (TSE) or Bovine Spongiform Encephalopathy (BSE) Certificates should also be submitted.
UGC issues notice on Implementation of recommendations in “Reforms ln Urban Planning Capacity in India.
The Advisory Committee recommends to develop India Centric Solutions. It has been recommended that the history of human settlements in the Indian subcontinent be taught to all young planners in a manner that can help them draw learning about planning and management of ancient and medieval human settlements in India.
DPIIT registered Start-ups and registered MSMEs for Testing & Certification of Telecom Products get total exemption of testing & certification fees for their products.
In order to support and encourage ecosystem for Start-ups and MSMEs in Telecom and related ICT sector, Telecommunication Engineering Centre (TEC), the technical body under Department of Telecommunications (DOT) has incentivized DPIIT registered Start-ups and registered MSMEs for Testing & Certification of Telecom Products under Voluntary Certification Scheme of TEC by total exemption of testing & certification fees for their products.
