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Archive: 09 January 2014

Posts in 09 January 2014

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 7347 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

SEBI (Settlement of Administrative and Civil Proceedings) Regulations, 2014

January 9, 2014 1012 Views 0 comment Print

In exercise of the powers conferred by section 15JB of the Securities and Exchange Board of India Act, 1992, section 23JA of the Securities Contracts (Regulation) Act, 1956 and section 19-IA of the Depositories Act, 1996 read with section 30 of the Securities and Exchange Board of India Act, 1992,

DGFT and Enforcement Directorate Sign MoU on Foreign Exchange Data Sharing

January 9, 2014 784 Views 0 comment Print

The Enforcement Directorate today signed a Memorandum of Understanding (MoU) with Director General of Foreign Trade (DGFT) for sharing of foreign exchange realization data. This data is also known as eBRC (Electronic Bank Realization Certificate) data.

Customs : Regarding Classification of “Transmission shafts / Power takeoff (PTO) shafts” in HS Harmonised Customs Tariff

January 9, 2014 1924 Views 1 comment Print

Doubts have been raised on whether Transmission shafts / Power takeoff shafts would be classifiable under 8433 or 8432 as parts of agricultural machinery. This issue was also discussed in the Conference of Chief Commissioners of Customs and Directors General on Customs Tariff and Allied Matters, held on 05-06 June 2013, at Vishakhapatnam and subsequently examined by the Board. The competing headings, subheadings and Tariff Items are as follows:

Customs : Classification of Human Embryo – regarding

January 9, 2014 1102 Views 0 comment Print

Reference have been received on issue of classification and importation of the ‘Human Embryo’ frozen in liquid nitrogen under the Customs Tariff Act, 1975. Doubts have been raised whether ‘human embryo’ is classifiable under heading 0511 or 3001.

Discussion paper on e-commerce in India – seeking comments/views

January 9, 2014 1085 Views 0 comment Print

Subject:-Discussion paper on e-commerce in India – seeking comments/views The Department of Industrial Policy and Promotion has prepared a Discussion Paper on e-commerce in India. The discussion paper has been prepared on the following aspects:- (i) Introduction (ii) Status of the global e-commerce industry (iii) E-commerce in emerging economies (iv) Status of e-commerce in India […]

Provisions under section 6 (4) of Foreign Exchange Management Act, 1999 – Clarifications

January 9, 2014 7989 Views 0 comment Print

Attention of Authorized Dealers is invited to Section 6 (4) of FEMA, 1999 in terms of which a person resident in India may hold, own, transfer or invest in foreign currency, foreign security or any immovable property situated outside India if such currency, security or property was acquired, held or owned by such person when he was resident outside India or inherited from a person who was resident outside India.

Resident Bank account maintained by residents in India – Joint holder – liberalization

January 9, 2014 2011 Views 0 comment Print

Reserve Bank has received representations that for operational convenience the Non-Resident Indians (NRIs), as defined in Regulation 2(vi) of FEMA Notification No.5 dated May 3, 2000, may be permitted to operate such accounts on Either or Survivor basis.

RBI relaxes FDI regulations by permitting optionality clause

January 9, 2014 1126 Views 0 comment Print

In case of unlisted company, the non-resident investor shall be eligible to exit from the investment in equity shares of the investee company at a price not exceeding that arrived at on the basis of Return on Equity (RoE) as per the latest audited balance sheet. Any agreement permitting return linked to equity as above shall not be treated as violation of FDI policy/FEMA Regulations.

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