Standard Operational Procedure (SOP) to settle claims in cases of death due to Industrial Accidents
SOP to settle claims for death due to industrial accidents has been issued to ensure immediate follow up action to settle the claims once full particulars of deceased persons are submitted.
MoEFCC Notifies regarding Import/Export of Mercury
The notification contains procedure for grant of Prior Informed Consent (PIC) for the import and export of mercury.
Bullion Depository Receipt with underlying bullion shall not be regarded as transfer under Income Tax Act, 1961
“Bullion depository receipt with underlying bullion” will be regarded as transactions not regarded as transfer under section 47 (viiab)(d) of the Income Tax Act, 1961.
Anti-dumping duty on Opal Glassware Imported from UAE and China
Anti-dumping duty shall be effective for five years on opal glassware imported from UAE and China.
New Rates of exchange of foreign currencies against Indian rupees
The rate of exchange of foreign currencies for purposes relating to imported and export goods, in supersession of an earlier notification dated 21st July, 2022 have been issued.
RBI amends Gold Monetization Scheme, 2015
Guidelines for Renewal/Redemption of Medium- and Long-Term Government Deposit (MLTGD) are included. It clearly lays down that premature redemption of MLTGD shall only be in INR, while redemption of principal at maturity shall, at the option of the depositor, be either in Indian Rupee equivalent of the value of deposited gold at the time of redemption, or in gold.
PFRDA Instruction to stop Facility of Payment of Subscriptions/Contribution to Tier-II Account of NPS through Credit Card
All PoPs are advised to stop acceptance of credit card as a mode of payment for Tier-II account of NPS with immediate effect.
Amendment in rate of Special Additional Excise Duty on production of Petroleum Crude
The rate on production of petroleum crude has been increased to Rs. 17,750 per tonne. Duty exempted on export of Aviation Turbine Fuel.
Reduction in rate of Special Additional Excise Duty on High-Speed Diesel Oil
The rate has been reduced from Rs. 12 per litre to Rs. 4 per litre, with effect from 3rd August, 2022.
Revised INSAT MSS-R License Agreement
The licensee shall declare Indian and Foreign equity holding (both direct and indirect) in the licensee company and submit unconditional compliance to the FDI norms and security conditions on 1st day of January every year to the licensor.
