News Update

Farmers squat on railway tracks; 54 Amritsar-route trains cancelled4 killed & 19 hurt as truck bangs into tractor-trolleyMusk defers India’s trip citing heavy Tesla obligationsIndia needs to design legislative pills to euthanise tax-induced expatriation!I-T- Exercise of jurisdiction u/s 263 is invalid if AO has taken particular view, which though, may not be only view, but certainly can be possible view : ITATTorrential rains cause havoc in Pakistan; 87 killedI-T- Additions framed on account of unexplained money upheld as assessee was unable to prove source of cash deposited in assessee's bank account : ITATUS imposes sanctions on 3 Chinese firms and one from Belarus for transfering missile tech to PakistanDubai terribly water-logged as it has no storm drainsST - When services are received from separate source & accounted separately in separate ledgers, there cannot be any question of clubbing them under one category: CESTATEU online content rules tightened against adult content firmsCus - The continuous suspension of license of Customs Broker without either conducting an inquiry or issuing a notice for revocation of license or imposition of penalty is bad in law and needs to be set aside: CESTATEV market cools off in US; Ford, GM eyeing gas-powered trucksApple China tosses out WhatsApp & Threads from App store after being orderedChina announces launch of new military cyber corpsRailways operates record number of additional Trains in Summer Season 2024GST - Assessing officer took into account the evidence placed on record and drew conclusions - Bench is, therefore, of the view that petitioner should present a statutory appeal: HCNexus between Election Manifesto and Budget 2024 in July!
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EXCHANGE CONTROL MANUAL

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Chapter
Subject  
1.
Introduction
2.
Permitted Currencies and Methods of Payment
3.
Foreign Exchange Transactions with Public
Annexure II: Guidelines for hedging of commodity price exposures
Annexure I: CBDT circular and form of undertaking/certificate
4.
Authorised Dealers' Dealing with Reserve Bank
5.
Accounts of Non-resident Banks and Inter-bank Dealings
Annexure: Guidelines for foreign exchange exposure limits of
6.
Exports of Goods, Software, Currency etc.
Annexure : List of Exports Promotion Councils and Other Grantee
7.
Import of Goods, Currency, etc., Merchanting Trade and other
Annexure : Guidelines for Handling Import Bills - Operating
8.
Foreign Travel and Miscellaneous Remittance
Annexure V : Guidelines to authorised dealers for scrutiny of
Annexure IV : Guidelines for granting remittance facilities
Annexure III : Guidelines for acceptance of passage fare/freight
Annexure II : Use of International Credit Cards
Annexure I : Guidelines for release of exchange for travel abroad
9.
Investments/Offices Abroad
Annexure III : Terms and Conditions for investment in JV/WOS
Annexure II : Guidelines to Authorised Dealers for approval
Annexure I : Guidelines for Indian Direct Investment in Joint
10.
Foreign Investment in India (Part 1 of 2)
Foreign Investment in India (Part 2 of 2)
11.
Foreign/FERA Companies and Foreign Nationals
12.
Bank Accounts and other Assets Overseas of Residents
Annexure : Scheme for issue of ADR/GDR Linked Stock Option for
13.
Rupee Accounts of Non-residents other than Banks
14.
Foreign Currency Accounts in India
Annexure II : Resident Foreign Currency Accounts Scheme
Annexure I : List of additional purposes for which funds in
15.
Insurance
16.
Returns and Statements
Annexure I : Guide to Authorised Dealers for Compilation of
Supplement on 'Exchange Control Regulations applicable to Nepal

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