RBI issues Risk Based Internal Audit Framework

RBI has issued Risk Based Internal Audit (RBIA) Framework for Strengthening Governance arrangements of banks to bring uniformity in approach followed by the banks, as also to align the expectations on Internal Audit Function with the best practices,

CBIC rescinds Customs (Advance Ruling) Rules, 2002.

CBIC has published the Customs Authority for Advance Rulings Regulations, 2021 which specifies the powers of the authority, form, and manner of filing an application before the authority for advance ruling.