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Foreign Trade Policy 2023 released

Foreign Trade Policy 2023 released

Public Policy
April 3, 2023 379 0 images

The Foreign Trade Policy, 2023 (FTP 2023) was launched by the Ministry of Commerce and Industry. FTP 2023 came into force from April 1, 2023 and succeeds the Foreign Trade Policy 2015. Here is a snapshot of important announceme...


CBIC: Deferment of implementation date of Circular No. 08/2023 providing for identification of products/equipment prescribed in tariff item 85176290 and 85176990

CBIC: Deferment of implementation date of Circular No. 08/2023 providing for identification of products/equipment prescribed in tariff item 85176290 and 85176990

Public Policy
April 3, 2023 448 0

We have made a representation to Central Board of Indirect Taxes and Customs (CBIC) highlighting issues being faced by the industry in complying with Circular No. 08/2023 dated March 13, 2023 (Circular), which is effective from Ap...


Update: Partial relaxation for electronic filing of form 10F by certain non-residents

Update: Partial relaxation for electronic filing of form 10F by certain non-residents

Public Policy
March 30, 2023 367 0 images

The Ministry of Finance (MoF) issued a notification to extend exemption to Non-Resident (NR) taxpayers who do not have a Permanent Account Number (PAN) and are not required to have PAN in India as per tax provisions from mandatory...


Request for reiteration of exemption available to Export-Oriented Units from Extended Producer Responsibility obligations

Request for reiteration of exemption available to Export-Oriented Units from Extended Producer Responsibility obligations

Public Policy
March 28, 2023 450 0

As you may be aware, Plastic Waste management (Amendment) Rules, 2022 (amended rules) were introduced by the government to curb the use of single-use plastic. These apply to import of plastic packaging products as end products, as...


MoF: Representation highlighting challenges faced by non-resident taxpayers in mandatory e-filing of Form 10F

MoF: Representation highlighting challenges faced by non-resident taxpayers in mandatory e-filing of Form 10F

Public Policy
March 17, 2023 440 0

The Central Board of Direct Taxes (CBDT), in July 2022, issued Notification No. 03/2022 (Notification) mandating Non-Resident (NR) taxpayers to file Form 10F electronically along with Tax Residency Certificate (TRC) to claim benef...


Feedback from Reserve Bank of India regarding reconciliation of inward remittances and updating information on Export Data Processing and Monitoring System

Feedback from Reserve Bank of India regarding reconciliation of inward remittances and updating information on Export Data Processing and Monitoring System

Public Policy
March 10, 2023 549 0

Background In December 2022, we had written to the RBI highlighting issues being faced by the industry in processing of export documents including SOFTEX and reconciliation of inward remittances, updating information on the Exp...


MCA: Submission requesting for clarity in provisions requiring companies to adopt accounting software having audit trail feature

MCA: Submission requesting for clarity in provisions requiring companies to adopt accounting software having audit trail feature

Public Policy
March 9, 2023 818 0

As per Rule 3(1) Companies (Accounts) Rules 2014 as amended by Companies (Accounts) Amendment Rules 2021 (Amended Rules), a company using accounting software for maintaining its books of account is required to use such accounting ...


Nasscom Public Policy, Vol 4, Issue 3, March 2023

Nasscom Public Policy, Vol 4, Issue 3, March 2023

Monthly Newsletters Public Policy
March 6, 2023 351 0

Click here if you are unable to view this mailer properly.   &n...


Submission from nasscom on Draft Amendments to the Information Technology Rules Related to Fact Checking of Misinformation

Submission from nasscom on Draft Amendments to the Information Technology Rules Related to Fact Checking of Misinformation

Public Policy
March 6, 2023 296 0 images

On February 20, 2023, we submitted our feedback to the Ministry of Electronics and Information Technology (MEITY) in response to the call for inputs on the Proposed Amendment to the Information Technology (Intermediary Guidelines ...


Jan Vishwas Bill: Right step towards decriminalisation of minor offences

Jan Vishwas Bill: Right step towards decriminalisation of minor offences

Public Policy
March 3, 2023 651 0 images

Fear of imprisonment for minor offences and the associated harassment or social taboo can hamper individual confidence and the growth of business ecosystem. Broadly, this is the rationale stated in the Statement of Objects and Rea...


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