NSE issues a notification on Tri-Party Repo Market (TRM) Platform – Settlement Calendar for January 2023
Members are requested to transfer securities for Tri-Party Repo Market (TRM) Platform settlement using Settlement mode as ‘On-market’. The settlement calendar for CBRICS for the Month of January 2023 for the NSDL transfer is attached to this notification.
NSE notifies on API for daily submissions of Holding Statement and Bank Balances
Holding statements and Bank balances will now have to be submitted on a daily basis. Prior to the present notification, these had to be submitted on a weekly basis. Hence, now members will be required to make the submission of Holding Statements and Bank Balances for each day of the week (except Sunday). These submissions shall begin daily from 16th January, 2023, whose due date shall be January 17, 2023.
FSSAI issues notification on instant modification of license in the existing license by manufacturers
This modification must be the form of addition and deletion of non-high-risk standardized food products. It is applicable only to existing license by manufacturers. Instant Modification of license will be available for the addition of any of the standardized food products under the Vegetable Oil and Processing Units KoB and General Manufacturing KoB. However, such a modification application will not be permitted for High-Risk Food Categories 01, 08, 09, 13 and 99.
NSE issues a notification on the standardization of file formats for MII-Member Interface – primary markets and CBRICS
As per recommendations of SEBI’s Market Data Advisory Committee (MDAC) regarding “Standardization of MII-Member/Bank Interface”, it was proposed to standardize the formats of Bid Upload/ Response files across applicable Exchanges. This was envisioned as part of the continued efforts to enhance the interface between Exchanges and Members/ Self Certified Syndicate Banks (SCSB).
UGC directs higher educational institutions to develop Nagar Van/Vatikas on their premises
The UGC requests higher educational institutions and their affiliated colleges/institutions to develop Nagar Van/Vatikas in their institution premises. These will be developed in coordination with the Forest Department of the States/UTs.
CBIC notifies the manner of filing an application for refund by unregistered persons
This notification is intended to foster uniformity in the implementation of the provisions of the law across field formations. The notification was issued on 27th December, 2022.. According to the notification an unregistered person can apply for a refund and obtain temporary registration in specified circumstances.
CBIC clarifies on the entitlement of input tax credit where the place of supply of services by way of transportation of goods is in India
The Central Board of Indirect Taxes and Customs (CBIC) has issued several clarifications on the entitlement of input tax credit (ITC) where the place of supply of services by way of transportation of goods, including by mail or courier, and where location of the supplier as well as the recipient of services is in India.
FSSAI notifies the indicative list of HS Codes for which Health Certificates are mandated
The Food Safety and Standards Authority of India (FSSAI) has issued an indicative list of HS Codes. Additionally, concerned stakeholders are advised to ensure that they verify the applicability of listed HS Codes before applying for Health Certificate. The codes shall be in line with the food products specified under Food Safety and Standards (Food Products Standards and Food Additives) Regulations, 2011. The Table provides the categories and sub-categories of the products, product description in brief and the risk category allotted to each product.
TRAI releases Recommendations on “Renewal of Multi-System Operators (MSOs) Registration”
After considering all comments/counter-comments received from stakeholders during consultation process and further analysis of the issues, the Authority has finalized its recommendations. The renewal of MSO registration should be done for a period of 10 years. The Authority recommends that at the time of renewal, the processing fee should be kept as Rs. 1 Lakh.
Clarification regarding the treatment of GST dues for corporate debtors
As per Section 84 of the CGST Act, if the government dues against any person under CGST Act are reduced as a result of any appeal, revision, or other proceedings in respect of such government dues, then an intimation for such reduction of government dues has to be given by the Commissioner to such person and to the appropriate authority with whom the recovery proceedings are pending. This shall be applicable to orders of adjudicating authorities and appellate authorities under IBC as well.
