The Food Safety and Standards Authority of India has issued directions regarding extension of validity of the NOC for the Alcoholic Beverages Bottled in Origin & in Bulk. It has been decided that for the imported consignments of alcoholic beverages bottled in origin & in bulk, containing more than 10 percent alcohol which does not have an expiry date, the NOC issued as per the FSS (Import) Regulations, 2017 shall have a validity of 300 days. For consignments lying at ports/Customs area beyond 300 days, on payment of visual inspection fee, visual inspection may be carried out for re-validation of NOC.
RBI to conduct Daily Variable Rate Repo (VRR) Auctions
RBI has decided to conduct Variable Rate Repo (VRR) auctions on all working days in Mumbai with reversal taking place on the next working day,