Simplified procedure for compounding offenses under the Customs Act, 1962
CBIC has directed the Chief/Chief Commissioners to undertake periodical comprehensive and targeted outreach programs for conveying the benefits of compounding provisions .
RBI re-issues Master Direction on Liberalized Remittance Scheme
The Master Direction provides that the received/realized/unspent/unused foreign exchange, unless reinvested, shall be repatriated and surrendered to an authorized person within a period of 180 days from the date of such receipt/ realization/purchase/acquisition or date of return to India, as the case may be.
Guidelines on manufacture/marketing of Potash Derived Molasses under Nutrient Based Subsidy Scheme
The Manufacturers of granulated Potash Derived from Molasses will be provided subsidy under the Nutrient Based Subsidy (NBS) scheme.
Extension of timeline for submission of comments on consultation Paper on new telecommunication law framework
The department has decided to extend the date to receive comments till September 01, 2022. The comments can be sent on this email ID i.e.naveen.kumar71@gov.in.
Revised National Civil Aviation Policy, 2016
The Boeing 787 aircraft is exempted from GAGAN compliances by virtue of the amendment. The exemption shall be valid till 31st December, 2025.
Insurance Regulatory and Development Authority of India (Payment of Commission or Remuneration or Reward to Insurance Agents and Insurance Intermediaries) Draft Regulations, 2022.
These regulations shall not be applicable to insurance products specified under Insurance Regulatory and Development Authority of India (Micro Insurance) Regulations, 2015 and such other insurance products as may be specified by the Authority from time to time.
TRAI extends last date for submitting comments and counter comments on the Consultation Paper on “Rationalization of Entry Fee and Bank Guarantees”.
As per the current Unified License (Virtual Network Operators) regime, there is a provision of different Entry Fees and two separate bank guarantees i.e., Financial Bank Guarantee and Performance Bank Guarantee for each service authorization.
The Goa Buildings (Lease, Rent and Eviction) Control (Amendment) Bill, 2022.
On receipt of the application, the Deputy Collector shall issue a notice to the licensee to show cause why an order of eviction shall not be passed against him. On receipt of the notice, the licensee shall, in case he desires to contest such application, file his reply showing the cause, within a period of twenty days from the date of receipt of such notice.
The Goa Tax on Infrastructure (Amendment) Bill, 2022.
In case of any revision in the plan, resulting in any addition or deletion of building area or in case of withdrawal of the building project, then the tax or service charge on infrastructure levied on such building area shall be recovered or refunded, as the case may be, to the concerned person on an application made to the competent authority under this Act.
The Goa Labour Welfare Fund (Amendment) Bill, 2022.
Every application for the compounding of an offence shall be made in such form and in such manner as may be prescribed. Where any offence is compounded before the institution of any prosecution, no prosecution shall be instituted in relation to such offence, against the offender in relation to whom the offence is so compounded.
