In exercise of the powers conferred by sub-clause (i) of clause (a) of sub-section (3) of section 14 of the Customs Act, 1962 (52 of 1962) and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.56/2004-NT-Customs, dated the 27th April, 2004 [S.O.538(E), dated the 27th April, 2004].
In exercise of the powers conferred by sub-clause (i) of clause (a) of sub-section (3) of section 14 of Customs Act, 1962 (52 of 1962) and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.55/2004-NT-Customs, dated the 27th April, 2004 [S.O.537 (E) dated the 27th April, 2004], the Board hereby determines for the purposes of said section, relating to imported goods, that the rate of exchange of conversion of each of the foreign currency specified.
In this regard, it is informed that such matters involving policy issues/dispute settlement is handled by Ministry of Commerce through title Department of Revenue and may accordingly be referred to this Ministry.
To prescribe contractual obligations between the STP centralised hub and the STP service providers and to facilitate standardisation of service, a model agreement between the STP centralised hub.
In view of the above, you are advised to ensure that the sub-broker seeking registration is recognised by the exchange before the application is recommended to SEBI for registration as sub-broker.
