SEBI 
Gitanjali Gems case: SEBI bans Mehul Choksi, another individual from markets (January 31, 2022)
SEBI has barred fugitive businessman Mehul Choksi and one Rakesh Girdharlal Gajera from the capital markets for one year and levied a fine totalling Rs. 2.5 crore on them for 
violating insider trading rules in the matter of Gitanjali Gems. In addition, they have been restrained from buying, selling or otherwise dealing in securities of Gitanjali Gems Ltd 
(GGL) for a period of two years. 
Choksi, promoter and managing director of Gitanjali Gems, is the maternal uncle of Nirav Modi, both of whom are facing charges of defrauding state-run Punjab National Bank (PNB) of over Rs. 14,000 crore. 
Central Board of Indirect Taxes and Customs (CBIC)
Clarification regarding applicability of Social Welfare Surcharge on goods exempted from basic and other customs duties/cesses - Circular No. 03/2022-Customs (February 01, 2022)
 It may be noted that at present SWS applies at the rate of 10% of the aggregate of customs duties payable on import of goods and not on the value of imported goods. 
It is clarified that the amount of Social Welfare Surcharge payable would be ‘Nil’ in cases where the aggregate of customs duties (which form the base for computation of SWS) is zero even though SWS has not been exempted.

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