"August, 1998" Archive - Page 2

SEBI : Revised procedure for grant of registration of sub-accounts of registered Foreign Institutional Investors.

Circular No. FITTC/CUST/2/1998 (25/08/1998)

The SEBI (Foreign Institutional Investors) Regulations, 1995 have been amended from time to time so as to increase the scope of investments by FIIs and to simplify the registration procedure. The latest copy of the Regulations is available at SEBI website: www.sebi.gov.in . This procedure is also available on our web-site as a press relea...

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Drawback – Tourist Baggage eligible to DBK- Scheme changed

Circular No. 61/98- Customs Duty (25/08/1998)

It has come to the notice of the Board that certain Custom Houses had refused to allow drawback and other export benefits on export goods which were procured by foreign buyers during their visit to India by making payment in freely convertible foreign currency which was deposited in case with authorised foreign currency which was deposite...

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Public Notice No. 32 (RE-98)/1997-2002, Dated: 24.08.1998

Public Notice No. 32 (RE-98)/1997-2002 (24/08/1998)

The Licensing Authority may grant extension in export obligation period for a period of four months against one or more consignment/sight on payment of penalty of 1% on the unfulfilled fob value of export obligation with reference to cif value of the imports made for which extension is being sought. Any request for extension beyond a peri...

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Public Notice No. 31 (RE-98)/1997-2002, Dated: 21.08.1998

Public Notice No. 31 (RE-98)/1997-2002 (21/08/1998)

In exercise of powers conferred under paragraph 4.11 of the Export and Import Policy, 1997-2002, as notified in the Gazette of India extraordinary, Part-II- Section 3 – Sub- section (ii) vide S.O No. 283(E) dated 31.3.97, the Director General of Foreign Trade hereby makes following amendment in the Handbook of Procedures (Vol.1) (RE-98...

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Public Notice No. 30 (RE-98)/1997-2002, Dated: 21.08.1998

Public Notice No. 30 (RE-98)/1997-2002 (21/08/1998)

FOB value actually realised and date of realisation of export proceeds may not be given in cases where shipment has been made against irrevocable Letter of Credit. However, in such cases bank shall make an endorsement to this effect in column 14/15 of Appendix 25. ...

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Notification No. S. O. 709(E)-Income Tax Dated 20/8/1998

Notification No. S. O. 709(E)-Income Tax (20/08/1998)

Notification No. S. O. 709(E)-Income Tax In exercise of the powers conferred by clause (v) of the Explanation to section 48 of the Income-tax Act, 1961 (43 of 1961), the Central Government having regard to seventy-five per cent. of the average rise in the Consumer Price Index for urban non-manual employees, hereby specifies the Cost Infla...

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Notification No. S. O. 710(E)-Income Tax Dated 20/8/1998

Notification No. S. O. 710(E)-Income Tax (20/08/1998)

Notification No. S. O. 710(E)-Income Tax In exercise of the powers conferred by the second proviso to sub-section (1) of section 139 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies following classes of persons to whom the provisions of the first proviso shall not apply...

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Notification No. S. O. 711(E)-Income Tax Dated 20/8/1998

Notification No. S. O. 711(E)-Income Tax (20/08/1998)

Notification No. S. O. 711(E)-Income Tax In exercise of the powers conferred under Explanation 4 to sub-section (1) of section 139 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby specifies the following places as the place of pilgrimage for the purposes of the aforesaid sub-section and travel to such pla...

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Notification No. S. O. 712(E)-Income Tax Dated 20/8/1998

Notification No. S. O. 712(E)-Income Tax (20/08/1998)

Notification No. S. O. 712(E)-Income Tax In exercise of the powers conferred under Explanation 4 to sub-section (1) of section 139 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby specifies that the expression "travel to any foreign country" used in this sub-section shall not include travel to following n...

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SEBI : Arms length relationship between issuer company and registrar to issue.

PMD/SU/3463/98 (20/08/1998)

It has now come to SEBI’s notice that some of the registrars are not aware of the said amendment though it was notified in the Government gazette....

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