Weekly Updates from CA Cult (2nd Week of October 2023)
Weekly Updates from CA Cult (2nd Week of October 2023)
Important Updates from last week:
- Direct Tax Collections for F.Y. 2023-24 up to 9th October 2023 show an increase over comparable period of last year.
- Notification under section 139A of the Income-tax Act.
- Order under section 119 of the Income-tax Act, 1961 – reg.
- Imposing bilateral safeguard duty on imports of ferro molybdenum from Korea RP – NOTIFICATION No. 58/2023-Customs.
- Seeks to impose ADD on imports of ” Flat base steel wheels” originating in and exported from China PR for a period of 5 years – Notification No. 09/2023-Customs (ADD).
- Seeks to impose Anti-dumping duty on imports of flax yarn of below 70 lea count originating in or exported from China PR – NOTIFICATION No. 10/2023-Customs (ADD).
- Seeks to amend notification No. 55/2022-Customs, dated 31.10.2022, in order to extend the currently applicable export duty of 20% on Parboiled rice up to 31.03.2024 – Notification No. 59/2023-Customs.
- Facility for the e- commerce operators through whom unregistered suppliers of goods can supply goods.
- Facility of enrolment for supply of goods through e-commerce operators by GST un-registered suppliers.
- Notification on Quality Review Board ICAI.
- Suspension of SION E-125 for export product Shea Stearine – PUBLIC NOTICE No. 33/2023.
- Action against Bank of Baroda under section 35A of the Banking Regulation Act, 1949.
- Extension in timeline for compliance with qualification and experience requirements under Regulation 7(1) of SEBI (Investment Advisers) Regulations, 2013.
- Amendment to the Guidelines on Anti-Money Laundering (AML) Standards and Combating the Financing of Terrorism (CFT) /Obligations of Securities Market Intermediaries under the Prevention of Money-laundering Act, 2002 and Rules framed there under.
- Manual on Concurrent Audit of Banks (2023 edition).
- DAAB, ICAI is launching Advanced Practical Training in Forensic Accounting & Fraud Investigation Jointly with National Forensic Sciences University from 9 December 2023.
- Renewal of MoU marks a Milestone in the Collaboration between ICAI and IGNOU.
- Notification for Online Eligibility Test (ET) for Post Qualification Course on Information Systems Audit on Saturday the 18th November 2023 (10:00 AM to 12:30 PM) Organized by Digital Accounting & Assurance Board of ICAI.
- POSTPONEMENT OF CHARTERED ACCOUNTANT (CA) EXAMINATIONS, NOVEMBER 2023 DUE TO ELECTIONS OF LEGISLATIVE ASSEMBLY IN THE STATE OF CHHATTISGARH AND MADHYA PRADESH.
- Trade Credit Insurance Guidelines, 2021 – Modification to Guideline 5.3A – allowing “reverse factoring” on TReDS platforms.
- Amendment to Master Guidelines on Anti-Money Laundering/Counter Financing of Terrorism (AML/CFT) 2022.
- ‘Insurance Regulatory and Development Authority of India (Bima Vahak) Guidelines, 2023’.
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