Weekly Updates from CA Cult (1st Week- December 2022)
Important Updates from last week:
- International sporting event notified under section 10(39).
- GST revenue collected for the month of November 2022.
- Manner of processing and sanction of IGST refunds.
- Amendment in certain specific FTA/PTA notifications.
- Improvements in SWIFT: Integration of ICEGATE with AQCS-ICE.
Directorate General of Foreign Trade (DGFT)
- Extension of validity of Pre-shipment Inspection Agency.
- Amendment in Appendix 3 (SCOMET Items) to Schedule-2
- Incorporation of new policy condition against HS Code 1006 4000.
- Operations of subsidiaries and branches of Indian banks and AIFIs.
- Categorization of urban co-operative banks for regulatory purpose.
- Review of norms for classification of Urban Co-operative Banks.
- Notification of the Significant Benchmark.
Securities and Exchange Board of India (SEBI)
- Circular for listing obligations and disclosure requirements.
- Extension for implementation of Standardized industry classification.
- Inclusion of Equity Exchange Traded Funds as a list of eligible securities.
- Net Settlement of Cash Segment and F&O segment upon expiry.
- Review of timelines for listing of securities.
- Introduction of credit risk based single issuer limit for investment.
- Procedure for seeking prior approval for change in control.
OTHER UPDATES:
- List of Agencies not treated as foreign source.
- Guidelines for consideration of proposal for acceptance of foreign hospitality.
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CA Cult -For Latest Updates
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