Daily Newsletter - June 17, 2024

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Latest additions to CAalley:

News Update:

Indian News

International News

FAQs:

IFSC FAQs

Legal Updates:

Customs

Central Excise

News Update:

Indian News:

RBI broadens public engagement: 72 consultations held in three years

CBIC cautions public to stay alert against frauds in name of Indian Customs

TCS fined Rs 1,600 crore by US court for misappropriation of trade secrets

CBI takes over ₹5,717 crore bank fraud case against 28 people accused of deliberately defaulting on loans

Irdai issues circular to create single reference for all periodic returns

RBI will not force mergers of urban co-operative banks: RBI board member

IRDAI reforms to increase transparency, enhance policyholder experience

International News:

PCAOB Adopts New Rules for Auditors on Technology-Aided Analysis

Charting the global economy: Fed holds; BOJ leaves yen at risk

EY makes big investment in accounting profession

FAQs:

IFSC FAQs:

FAQs on Registration of a Finance Company/ Finance Unit

FAQs on IFSCA (Anti Money Laundering, Counter-Terrorist Financing And Know Your Customer) Guidelines, 2022

Legal Updates:

Customs:

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver [Notification No.43(NT)]

Further amendments in Notification No.62/1994 –Customs(N.T.) dated 21st November, 1994 [Notification No.42(NT)]

Seeks to impose provisional anti-dumping duty on imports of Poly Vinyl Chloride Resin Paste, originating in or exported from China PR, Korea RP, Malaysia, Norway, Taiwan & Thailand, for a period of six months [Notification No.9(ADD)]

Central Excise:

Seeks to amend No. 18/2022-Central Excise, dated the 19th July, 2022 to reduce the Special Additional Excise Duty on production of Petroleum Crude [Notification No.16]