Thursday, 7 July 2022

Recent Notifications

 

·         Seeks to amend notification No. 11/2017-C.Ex to give exemption to Ethanol Blended Petrol

·         Seeks to extend the exemption from BCD and AIDC upon import of Raw Cotton

·         Requirement for obtaining prior approval in case of takeover / acquisition of control of non-bank PSOs and sale / transfer of payment system activity of non-bank PSO

·         Note Sorting Machines - Authentication and Fitness Sorting Parameters

·         Income-tax (20th Amendment) Rules, 2022

·         Seeks to amend Rule 18 and Rule 19 of the Central Excise Rules, 2017 so as to exclude Petrol, Diesel and ATF

·         Seeks to amend notification No. 04/2019-Central Excise (Road and Infrastructure Cess)

·         Seeks to prescribe rates of Road and Infrastructure Cess for exports of petrol and diesel

·         Seeks to exempt Aviation Turbine Fuel, from the whole of the Special Additional Excise Duty

·         Seeks to exempt certain applicable duties on petrol, diesel and ATF cleared for exports

·         Seeks to exempt crude produced by a person which is in excess of crude petroleum oil produced by such person during the preceding Financial Year

·         Seeks to exempt crude petroleum produced by a person whose annual production of the said goods during the preceding Financial Year was less than two million barrels

·         Seeks to amend the eighth schedule to Finance Act 2022 to prescribe Special Additional Excise Duty ON Crude Petroleum and ATF circular and notification

·         Seeks to prescribe rates of Special Additional Excise Duty for exports of petrol and diesel

·         Seeks to amend notification No. 05/2019-Central Excise (Special Additional Excise Duty)

·         Courier Imports and Exports (Electronic Declaration and Processing), Amendment, Regulations, 2022 for facilitating E-commerce exports of jewellery-Reg.

·         Seeks to amend Sea Cargo Manifest and Transhipment Regulations 2018

·         Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

·         Seeks to continue the exemption from Integrated Tax and Compensation Cess on goods imported under AA/EPCG/EOU Schemes

·         Seeks to increase BCD rate on Gold imported under TRQ of India-UAE CEPA

·         Seeks to increase the rate applicable under BCD exemption on Gold imported under replenishment scheme

·         Seeks to exempt Gold imports from Social Welfare Surcharge

·         Seeks to increase BCD rate on Gold

·         Seeks to exempt imports of Petroleum Crude and ATF from whole of the additional duty of Customs leviable thereon under sub-section (1) of section 3 of the said Customs Tariff Act, as is equivalent to the Special Additional Excise Duty

·         Exchange rate Notification No.54/2022-Cus (NT) dated 29.06.2022-reg.

·         Exchange rate Notification No.53/2022-Cus (NT) dated 28.06.2022-reg.

·         Provisioning Requirement for Investment in Security Receipts (SRs)

·         Customs Broker Licensing (Amendment) Regulations, 2022

·         Format, Procedure and Guidelines for submission of Form No. 1, Form No. 2 and Form No. 2A for Securities Transaction Tax (STT)
Restriction on Storage of Actual Card Data [i.e. Card-on-File (CoF)]

·         Master Circular - Housing Finance for UCBs

·         Designation of 7 individuals as ‘Terrorists’ under Section 35 (1) (a) of the Unlawful Activities (Prevention) Act (UAPA), 1967 and their listing in the Schedule IV of the Act- Reg.

·         Extension of timeline for implementation of certain provisions of Master Direction – Credit Card and Debit Card – Issuance and Conduct Directions, 2022

·         Income-tax (19th Amendment) Rules, 2022

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