Aircraft (Second Amendment) Rules, 2021
The amendment provides that It shall be a defense in any proceedings for contravention of or failure to comply with these rules that such contravention or failure is caused or happened due to factors or circumstances beyond the control of the person. The amendment also provides penalty for and procedure for compounding any contravention of the parent act.
Clarification regarding Customs (Import of Goods at Concessional Rate of Duty) Amendment Rules, 2021
The Directorate General of Systems, CBIC, is in the process of automating and facilitating online submission of compliances prescribed in the rules through the ICEGATE portal, thereby obviating the need for furnishing paper based documents to the Customs Officer. Meanwhile, in order to facilitate the trade, it is proposed to route all the intimations
and other communications specified in the said IGCR Rules, 2017, as amended, vide e-mail to the Customs Officers concerned.
Government of Haryana allows reimbursement of GST on COVID items donations.
The Health & Family Welfare Department shall issue a certificate of such donation, which shall be submitted by such donors to the Excise and Taxation Department for claiming refund, which shall after verifying the amount of GST paid, sanction the reimbursement of GST.
CBIC notifies Central Goods and Services Tax (Fourth Amendment) Rules, 2021.
The Amendment is brought under Rule 23 which deals with revocation of cancellation of registration.
The Insurance Ombudsman (Second Amendment) Rules, 2021.
The object of these Rules is to resolve all complaints of all personal lines of insurance, group insurance policies, policies issued to sole proprietorship and micro enterprises on the part of insurance companies and their agents and intermediaries in a cost effective and impartial manner.
IFSCA issues criteria for banking units to become trading members in IFSCA recognized stock exchanges.
The Banking units will not become a trading member in interest rate and currency derivatives segment and/or clearing member in any derivatives segment of IFSCA recognised stock exchanges unless its parent bank satisfies the minimum prescribed capital requirement specified by the home regulator of the parent bank.
