Scheme for Remission of Duties and Taxes on Exported Products (RoDTEP)

The scheme provide for refund of Duties and Taxes levied on exported products by central, state or local governments, Prior stage cumulative indirect tax levied on goods and services used for production of export goods, Indirect taxes/duties and levies paid for distribution of export products.

Kerala PCB directs businesses with consent to operate to file Environmental Statement

Every person carrying on an industry, operation or process requiring consent under the Water (Prevention and Control of Pollution) Act, 1974, Air (Prevention and Control of Pollution) Act, 1981 or both or authorization under the Hazardous and Other Wastes (Management and Trans-boundary Movement) Rules, 2016 shall submit an Environmental Statement for the financial year ending the 31st March

IFSCA Guidelines on Factoring and Forfaiting of Receivables

The guidelines directs that every Factor and/or ITFS on behalf of the Factor, as the case may be, shall register the particulars of every transaction of assignment of receivables in its favor with the Central Registry set-up under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.

Income-tax (24th Amendment) Rules, 2021

The amended rules provides that in respect of a company or a limited liability partnership, authorized representative to appear before an IT Authority can be the person appointed by the Adjudicating Authority for discharging the duties and functions of an interim resolution professional, a resolution professional, or a liquidator under the Insolvency and Bankruptcy Code.

Draft AP Factories (Amendment) Rules

The amendment provides that the occupier of a factory can register online through single desk portal. It is also provided that annual fee can be paid online. The fee can be paid annually or for a block period of not more than ten years at the option of the occupier. Seven days from the date on which application is received registration can be deemed granted in the absence of objections.