the Department of Revenue

Blocking of online system for tax incentives under MEIS to hit aluminium exports: AAI

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Blocking of online system for tax incentives under MEIS to hit aluminium exports: AAI

New Delhi: Blocking of the online system for exporters to apply for tax incentives under the export incentive scheme MEIS has created an “extremely precarious situation” for aluminium exports, the Aluminium Association of India (AAI) said on Wednesday. The move will further render exports vulnerable and uncompetitive, the industry body added. The commerce ministry has … Read more

FATF review of India’s anti-money laundering & terror financing regime pushed to 2021 due to COVID

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FATF review of India’s anti-money laundering & terror financing regime pushed to 2021 due to COVID

The much-awaited Financial Action Task Force (FATF) mutual evaluation of India’s anti-money laundering regime and legal measures framed to check financial crimes, scheduled for this year, has been postponed till early next year in view of the coronavirus pandemic, officials said. They said the on-site review to be conducted by experts of the global body … Read more