Central Government appoints enforcement dates for specified provision of Finance Act, 2023
The Central Government appoints the 31st day of March, 2023, as the date on which the amendments in the Second and Third Schedule of the Customs Tariff Act shall come into force.
SEBI Operational Circular for Debenture Trustees
A single operational circular has been prepared by consolidating all applicable circulars to remove inconsistencies and repetitions through consequent changes. For ease of reference, each chapter of this operational circular contains footnotes corresponding to the respective erstwhile circulars.
Handbook of Procedures, 2023
The Directorate General of Foreign Trade (DGFT) has issued a public notice notifying the Handbook of Procedures, 2023. The Handbook of Procedures, 2023 also comes into effect from the date of its notification, i.e., 1st April, 2023.
Amnesty Scheme for Settlement of Default in Export Obligation
The notice permits one-time facility for grant of EODC/ regularisation of cases of EO default of advance authorisation and EPCG authorisation under ‘Amnesty Scheme for one-time settlement of default in Export Obligation (EO) by advance authorisation and EPCG authorisation holders’
Revisions in rates of Securities Transaction Tax
The circular states that the rate of levy of STT for sale of an option in securities has been revised to 0.0625%. Similarly, the rate of STT for sale of a futures in securities has been revised to 0.0125% .
Mahila Samman Savings Certificates, 2023
The two year tenure scheme offers an attractive and fixed interest of 7.5 per cent interest compounded quarterly with flexible investment and partial withdrawal options with a maximum ceiling of ₹ two lakh. The scheme is valid for a two-year period up to 31st March 2025.
CBIC allows duty free import under Advance Authorization
Central Board of Indirect Taxes has exempted materials imported into India against an Advance Authorization under FTP policy 2023 from customs duty.
CBIC commences operation of Duty Free Import Authorization under new FTP 2023
Customs duty exemption to materials imported into India against a valid Duty Free Import Authorization under new FTP 2023.
