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Archive: 11 December 2015

Posts in 11 December 2015

Clarification on classification of Biodiesel under oleochemicals – reg.

December 11, 2015 832 Views 0 comment Print

F. No. 528/22/2015-STO (TU) The matter has been examined by the Board and it is observed that 100% Biodiesel (referred to as B 100) is an oleochemical derived from vegetable oils or animal fats.

India and Japan signs a Protocol for amending existing Convention for avoidance of double taxation and for prevention of fiscal evasion

December 11, 2015 375 Views 0 comment Print

The Government of India and the Government of Japan signed here today a Protocol for amending the existing Convention for the avoidance of double taxation and for the prevention of fiscal evasion with respect to taxes on income. The existing Convention was signed way back in 1989. Dr Hasmukh Adhia, Revenue Secretary signed the protocol on behalf of the Government of India while Mr Kenji Hiramatsu, Ambassador of Japan on behalf of the Government of Japan.

Re-designation of the post of Chief Commissioner(TPS) as Director General (TPS)

December 11, 2015 2131 Views 0 comment Print

Office Order No. 07/Ad.IV/ 2015 In continuation of Board’s Office Order No.02/Ad.IV/2015 dated 27.08.2015 (F.No.A-11013/20/2015-Ad.IV) regarding creation of Directorate General of Tax Payers Services in CBEC, the post of Chief Commissioner Tax Payers Services will stand re-designated as Director General Tax Payers Services (DGTPS).

Notification No. 61/2015-Customs (ADD), Dated-11th December, 2015

December 11, 2015 7473 Views 0 comment Print

Notification No. 61/2015-Customs (ADD) Seeks to levy definitive anti-dumping duty on import of Cold Rolled Flat Products of Stainless Steel originating in, or exported from the People s Republic of China, Korea, European Union, South Africa, Taiwan (Chinese Taipei), Thailand and USA for a period of five years

Minimum Export Price (MEP) revised to US$ 400 F.O.B. per MT.

December 11, 2015 799 Views 0 comment Print

Notification No. 26/2015-20 The Minimum Export Price (MEP) for export of all varieties of onions as described above is revised from US$ 700 F.O.B. per MT to US$ 400 F.O.B. per MT.

SEBI : Testing of software used in or related to Trading and Risk Management

December 11, 2015 399 Views 0 comment Print

Pursuant to Section 131 of the Finance Act, 2015 and Central Government notification F.No. 1/9/SM/2015 dated August 28, 2015, all recognized associations under the Forward Contracts (Regulation) Act, 1952 are deemed to be recognized stock exchanges under the Securities Contracts (Regulation) Act, 1956 with effect from September 28, 2015. This circular applies to National Commodity Derivatives Exchanges (Exchanges) as defined in the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Amendment) Regulations, 2015.

SEBI: Facility for Basic Services Demat Account (BSDA)

December 11, 2015 1121 Views 0 comment Print

CIRCULAR No. CIR/MRD/DP/ 20/2015 SEBI vide circular no. CIR/MRD/DP/22/2012 dated August 27, 2012 had introduced the facility of Basic Services Demat Account (BSDA) with limited services for eligible individuals with the objective of achieving wider financial inclusion and to encourage holding of demat accounts.

Notification No. 56/2015-Customs Dated-11th December, 2015

December 11, 2015 1023 Views 0 comment Print

NOTIFICATION No. 56/2015-Customs In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.39/96-Customs, dated the 23rd July, 1996, published in the Gazette of India, Extraordinary, vide number G.S.R. 291(E), dated the 23rd July, 1996, namely:-

Issue of Indian Depository Receipts: An Overview

December 11, 2015 7532 Views 1 comment Print

Long time back an eminent Chinese philosopher, Lao Tse Tung said, ‘Even a march of civilization starts with a single step’. The introduction of Indian Depository Receipts (IDR) in the global arena is that little first step towards a new era of Indian capital market. Needless to say, it is no more theory, but a blatant fact that in near future, India is going to be an economic super power.

Cabinet approves Real Estate (Regulation and Development) Bill, 2015 + Salient features

December 11, 2015 3165 Views 0 comment Print

The Real Estate (Regulation and Development) Bill is a pioneering initiative to protect the interest of consumers, promote fair play in real estate transactions and to ensure timely execution of projects. The Bill provides uniform regulatory environment to ensure speedy adjudication of disputes and orderly growth of the real estate sector. It will boost domestic and foreign investment in the Real Estate sector and help achieve the objective of Government of India to provide ‘Housing for All’ by enhanced private participation.

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