CBDT clarification regarding taxability of income earned by a non-resident investor from off-shore investments in investment fund routed through an Alternative Investment Fund
The income tax exemption under section 115UB shall apply only to income earned by a non-resident investor from off-shore investments in investment fund routed through Category I or Category II AlFs regulated by Securities and Exchange Board of India (SEBI) or International Financial Services Centers Authority (IFSCÅ).
DGFT clarification regarding condonation of delay in submission of installation certificate under EPCG Scheme
Under the EPCG Scheme, the authorization holders are required to submit the installation certificate confirming installation of the capital goods to the RA within the prescribed time period. It has been decided that in relaxation of the procedure, the RAs concerned may accept such installation certificates up to 31 .12.2023 for regularization purpose on payment of late fee of Rs. 10,000/- per authorization
National Exit Test (NEXT) Examination Deferred Until Further Notice
The notice states that the deferment of the NExT is based on the advice of the Ministry of Health & Family Welfare (MoHFW) that was issued on 11th July, 2023.
Hazardous and Other Wastes (Management and Transboundary Movement) Amendment Rules, 2023
The amendment primarily focuses on Schedule III of the Hazardous and Other Wastes (Management and Transboundary Movement) Rules, 2016. In Part D of the schedule, specific changes have been made to Basel No. B1110. Part D covers the list of other wastes applicable for import and export without permission from MoEFCC.
Vegetable Oils Grading and Marking (Amendment) Rules, 2023
The rules aim to update and refine the regulations governing the grading and marking of vegetable oils. The new rule stipulates that vegetable oils intended for domestic trade must adhere to restrictions regarding residual levels of metal contaminants, pesticide residues, microbial requirements, crop contaminants, naturally occurring toxic substances, and other food safety requirements.
Central Electricity Regulatory Commission (Indian Electricity Grid Code) Regulations, 2023
The regulations clarify that any country connected to the National Grid or Regional Grid will be treated as a separate control area. This recognition enables effective planning of generation and transmission resources to meet projected demand while complying with specified reliability standards. Emphasis is placed on integrating environmentally friendly technologies, such as renewable energy sources, flexible resources, energy storage systems, and demand response measures, to manage the intermittent and variable nature of renewable energy sources.
The Dept. of Atomic Energy notifies the Date of Coming into force of the Atomic Energy (Amendment) Act, 2015
The notification states that 15th May, 2023 will be the date from which the Atomic Energy (Amendment) Act, 2015 has come into force.
Amendments to the Andhra Pradesh Minor Mineral Concession Rules, 1966
These amendments aim to
enhance and update the regulatory framework governing minor mineral mining activities in
the state.
Bihar Biofuels Production Promotion Policy, 2023
The policy defines the eligibility criteria for different types of units and feedstocks. Standalone distilleries producing 100% fuel-grade Ethanol and CBG/bio- CNG manufacturing units are eligible for incentives under this policy. The production of Ethanol and CBG/bio-CNG from approved feedstocks mentioned in the National Policy on Biofuels, 2018, and subsequent permissions granted by the National Biofuel Coordination Committee are allowed in Bihar.
Himachal Pradesh Electricity Regulatory Commission (Security Deposit) (Fifth Amendment) Regulations, 2023
The Himachal Pradesh Electricity Regulatory Commission (Security Deposit) (Fifth Amendment) Regulations, 2023 aim to further enhance the existing framework established by the Himachal Pradesh Electricity Regulatory Commission (Security Deposit) Regulations, 2005.
