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Archive: 07 June 2018

Posts in 07 June 2018

RBI amends Gold Monetization Scheme, 2015

June 7, 2018 588 Views 0 comment Print

The short term deposits shall be treated as bank’s on-balance sheet liability. These deposits will be made with the designated banks for a short period of 1-3 years (with a facility of roll over). Deposits can also be allowed for broken periods (e.g. 1 year 3 months; 2 years 4 months 5 days; etc.).

Investment in the units of InvIT by sponsor CIC-NDSI

June 7, 2018 792 Views 0 comment Print

In order to enable Systemically Important Core Investment Companies (CIC-NDSI) to act as a sponsor of InvITs, it has been decided to permit CIC-NDSIs to hold InvIT units only as a sponsor. Exposure of such CICs towards InvITs shall be limited to their holdings as sponsors and shall not, at any point in time, exceed the minimum holding of units and tenor prescribed in this regard by SEBI (Infrastructure Investment Trusts) Regulations, 2014.

DGFT organizes EODC Camp in RAs during 11.6.2018 to 22.6.2018

June 7, 2018 759 Views 0 comment Print

In order to facilitate expeditious disposal of EODC applications for Advance and EPCG authorisations, it has been decided that the following RAs would organise EODC camp from 11.6.2018 to 22.6.2018:

Benefit of Focus Product Scheme to HS Code 8481-FTP 2009-14

June 7, 2018 1929 Views 0 comment Print

It had been clarified that other items, which are not parts of bicycle, are not eligible for FPS benefit under FTP 2009-14. It was also clarified that cases where RA has issued scrips against the export of parts other than those used in bicycle under ITC(HS) 8481 is liable to be reviewed and corrective measures to be taken to recover such claims granted by oversight.

Customs Rate of Exchange of Foreign Currency Conversion wef 08.06.2018

June 7, 2018 738 Views 0 comment Print

Customs Rate of Exchange of Conversion Foreign Currencies wef 08.06.2018 notified vide Notification No. 49/2018-Customs (N.T.) dated: 7th June, 2018

is your LLP placed in “Notice of Striking off” ? Why & What to do?

June 7, 2018 3402 Views 0 comment Print

A total number of not less than 1752 due to non-filing of Financial Statements and Annual Returns for previous two years. In this write up endeavor is made on discussing the validity of this notice issued to the LLP and the primary remedy available to the LLPs

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