As a follow up of the implementation of the recommendations of the Working Group on Balance of Payments Manual for India (Chairman: Shri Deepak Mohanty), provisional aggregate data on trade in services have been compiled for the first time for the month of April 2011 based on the data reported by the Authorised Dealers (ADs) under the Foreign Exchange Transactions Electronic Reporting System (FETERS) (Table).
Acting on a specific intelligence, the DRI officers of Siliguri under Kolkata Zonal Unit effected a seizure of Red Sanders Wood weighing 6360 kg. valued at ` 63.60 lakh from a truck bearing registration no. NL-05D-6192 on 13.06.2011 at Leuchipokhri, P.S.- Phansidewa, Dist-Darjeeling. The logs were kept concealed under 235 pcs. of Indian style sanitary pans & 104 pcs. of small pipes.
Notification No. 38/2011 – Customs (N. T.) Tariff Value of Edible Oils, Brass Scrap and Poppy Seeds Notified- Central Board of Excise and Customs (CBEC), Department of Revenue has issued a Notification No.38/2011-Customs (N.T.) dated June 15, 2011 and thereby notifying tariff values of edible oils, brass scrap (all grades) and Poppy seeds.
E-Governance cell has decided to hold a meeting with IT vendors and Accounting Consultancy firms on 20.06.2011 at 3.00 pm at Conference Hall, MCA, 5th Floor, Shastri Bhawan, New Delhi. The agenda of the meeting is to comprehend and accommodate the experiences, issues, etc of the accounting consultancy and accounting software development firms for strengthening of the XBRL initiative of the Ministry. Firms interested to participate in the said meeting are requested to contact Dr Pankaj Srivastava, Joint Director on 011-23063067/ pankaj.srivastava@nic.in
CIR/IMD/FII&C/7/2011 – 15.06.2011 If an ODI (e.g. on MSCI India Index) is hedged with multiple types of Indian securities and left partly unhedged, it may be split in separate rows with each row for each Indian security and a blank column for the unhedged portion. The outstanding value of ODIs shall be summation of all such rows. b. The current methodology of reporting F&O positions will be continued. The outstanding value of ODIs shall continue to be represented in notional terms. c. The ODI issuers shall link hedges to the extent that such a link can be made. d. The FIIs shall work out the linkages for all outstanding ODI positions as on September 30, 2011. This report shall be uploaded to SEBI by the entities in March 2012 along with the upload of the first six months’ lag transaction reports.
