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Circular No. F.3(377)/GST/POLICY/2021/1251-57 Dated:- 24-1-2024 Delhi SGST Dated:- 24-1-2024 Delhi S...
Functions under clauses (a) and (b) of the proviso to section 30(1) of the Delhi Goods and Services Tax Act, 2017 are assigned and delegated to the concerned Zonal In-charge. The delegation applies to eligible cases only up to 30 September 2023, while eligible cases for subsequent periods require separate orders. Previously specified terms and conditions governing the delegation remain unchanged.
Circular No. PUBLIC NOTICE NO. 150/2020 Dated:- 18-12-2020 Trade Notice Dated:- 18-12-2020 Trade Not...
Restoration of the DPD-DPD procedure withdraws the temporary arrangement permitting evacuation of DPD-DPD containers from JN Ports to designated inland container depots acting as extended port gates. No such container movement by CONCOR to ICD Mulund or ICD Tarapur is permitted after the specified cut-off. Containers moved or lifted for movement before that time remain governed by the procedures and responsibilities applicable under the temporary arrangement.
PMLA / Black Money
Dated:- 10-9-2026
PTI
A public-interest petition seeks a uniform nationwide mechanism for child kidnapping and abduction investigations, including prompt FIR registration, time-bound inquiries, standard questionnaires, special investigation procedures and senior-level investigation. It proposes dedicated courts for speedy disposal and coordinated action against interstate trafficking and illegal-adoption networks. The petition also seeks property assessment and confiscation, use of money-laundering, benami-property and black-money provisions where applicable, and consecutive sentences to deter offenders.
Circular No. PUBLIC NOTICE NO. 8/2021 Dated:- 22-1-2021 Trade Notice Dated:- 22-1-2021 Trade Notice
MSME applicants for AEO T1 and T2 accreditation receive reduced eligibility, compliance, security and documentation requirements. Prior business activity and legal and financial compliance are assessed over two financial years, while the document-handling threshold is lowered subject to half-yearly minimum activity. Rationalised annexures reduce documentation for AEO T1 and T2 applications, with a separate safety and security annexure for AEO T2. Priority processing timelines and enhanced bank guarantee concessions apply only to applicants holding valid MSME certification and maintaining continuous MSME status.
Customs & Trade
Dated:- 10-9-2026
PTI
African electric two- and three-wheeler markets combine imports of Chinese electric scooters for consumer use with commercially focused electric motorcycle ecosystems supported by local assembly, battery swapping, charging, financing and servicing. Battery swapping supports intensive commercial operations by allowing rapid replacement of depleted batteries. However, local production remains dependent on imported motors, controllers and battery cells. Proprietary battery systems and fragmented swapping networks restrict interoperability, manufacturing scale and battery resale value. Wider adoption depends on affordable finance, reliable electricity, adequate infrastructure, predictable policies and standardisation.
Income Tax
Dated:- 10-9-2026
PTI
Maharaja & Speedex India Limited proposes an initial public offering of equity shares for listing on the BSE SME platform. The net offer provides allocations for qualified institutional buyers, non-institutional investors, retail individual investors, and a market maker. Net fresh-issue proceeds are intended for repayment or prepayment of company and subsidiary borrowings, capital expenditure on plant and machinery at the subsidiary's existing manufacturing facility, and general corporate purposes.
Regulation 13 of the International Financial Services Centres Authority (Manner of Payment and Recei...
Repeal and saving provisions disapply the Insurance Regulatory and Development Authority (Manner of Receipt of Premium) Regulations, 2002, in an International Financial Services Centre and omit clause (2) of Chapter 2 of the International Financial Services Centres Authority insurance office guidelines. An IIO operating in an IFSC before commencement must comply with additional requirements within six months, subject to any extended period permitted by the Authority.
Regulation 12 of the International Financial Services Centres Authority (Manner of Payment and Recei...
Regulation 12 empowers the Authority to issue guidance notes or circulars to resolve difficulties in applying or interpreting the regulations. For recorded reasons and in the interest of financial-market development, the Authority may relax strict enforcement of any regulatory requirement, subject to payment of any fee it specifies.
Regulation 11 of the International Financial Services Centres Authority (Manner of Payment and Recei...
Regulation 11 empowers the Authority to issue guidelines or circulars prescribing norms, procedures, processes and modes, including permissible relaxations. The power supports implementation of the regulatory framework and incidental matters, while facilitating and regulating financial services connected with insurance and reinsurance in an International Financial Services Centre.
Regulation 10 of the International Financial Services Centres Authority (Manner of Payment and Recei...
Every IIO must maintain a Board-approved policy for mitigating credit risk. The policy must, among other matters, specify the adverse consequences arising from an insured's non-payment of premium.
Regulation 9 of the International Financial Services Centres Authority (Manner of Payment and Receip...
Premium refunds due on cancellation of an insurance policy, alteration of its terms and conditions, or any other basis must be paid by the IIO directly to the insured through a permitted payment mode. The refund cannot be credited to an agent's account.
Regulation 8 of the International Financial Services Centres Authority (Manner of Payment and Receip...
Payment of premium for reinsurance contracts permits assumption of risk without advance premium payment for insurance accepted under automatic reinsurance contracts. Facultative reinsurance risk may be assumed without advance payment where a Premium Payment Warranty clause is incorporated and its terms are followed. Reinsurers must maintain systems to ensure that all premiums receivable are duly received and accounted for.
Regulation 7 of the International Financial Services Centres Authority (Manner of Payment and Receip...
Every insurance contract must specify the mode and schedule of premium payment, any grace period and consequences of non-payment, conditions for revival of a lapsed policy, and the date on which risk commences. It must also identify the date of risk termination on unpaid or unrealised premium, considering the line of business and policy duration, include any agreed Premium Payment Warranty clause, and contain further information specified by the Authority.
Regulation 6 of the International Financial Services Centres Authority (Manner of Payment and Receip...
Premium payment arrangements may be mutually agreed between an IIO and a prospect or insured for an insurance contract. Payment may be structured in instalments, with the parties determining the time schedule and manner applicable to each instalment. The agreement is incorporated through a premium payment warranty clause forming part of the contract of insurance.
Regulation 5 of the International Financial Services Centres Authority (Manner of Payment and Receip...
Assumption, continuation or termination of insurance risk by an IIO requires satisfaction of an applicable premium-payment condition. These conditions include receipt of premium, a prescribed premium guarantee, an advance deposit for adjustment against premium, or payment in accordance with insurance contract terms or another manner specified by the Authority.
Circular No. PUBLIC NOTICE NO. - 12/2021 Dated:- 29-1-2021 Trade Notice Dated:- 29-1-2021 Trade Noti...
Filing of Bills of Entry and approvals under section 48 shall be unavailable from the specified evening time on Budget presentation day until ICES is updated, while other ICEGATE services and officer functions continue. Shipping Bill filing and assessment shall continue; where new export duty, cess, or export levies apply before online directory changes, the relevant Shipping Bills must be tracked and such levies collected manually. Officers must also review prior Bills of Entry for changed duty liability before out-of-charge.
Regulation 4 of the International Financial Services Centres Authority (Manner of Payment and Receip...
Premium payment to an IIO may be made by a proposer or policyholder through recognised banking-channel instruments, including electronic payment; a bank guarantee or equivalent bank-issued instrument in favour of the IIO where the insured defaults; cash deposit; or any other payment method specified by the Authority.
Regulation 3 of the International Financial Services Centres Authority (Manner of Payment and Receip...
Definitions governing premium payment and receipt cover cash deposits, grace periods, premium payment warranty clauses and premium. A grace period preserves an existing policy's force while payment is made without penalty, late fee or lapse. Premium has the meaning assigned under the Insurance Act, 1938; in reinsurance, it is the consideration paid or payable under a reinsurance contract to cover risk. Undefined terms adopt meanings assigned under the applicable statutory framework and related rules or regulations.
Regulation 2 of the International Financial Services Centres Authority (Manner of Payment and Receip...
Premium payment, risk assumption, receipt and refund mechanisms for insurance business in International Financial Services Centres are governed by conditions aligned with Section 64 VB of the Insurance Act, 1938. The framework prescribes the manner of premium payment, assumption of risk, receipt or refund of premiums, and related terms and conditions.
Regulation 1 of the International Financial Services Centres Authority (Manner of Payment and Receip...
Manner of payment and receipt of premium within International Financial Services Centres is governed by the International Financial Services Centres Authority (Manner of Payment and Receipt of Premium) Regulations, 2022. Commencement occurs on publication in the Official Gazette, and applicability extends to all IIOs, bringing them within the premium payment and receipt framework.