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Circulars

Staggered Delivery Period in Commodity futures contracts

July 26, 2019 9441 Views 0 comment Print

The applicable staggered delivery periods for various commodity futures contracts as on the date of the above circular were also continued. It is observed that currently there is no uniformity in the length of staggered delivery period for commodity futures contracts across exchanges even for the same commodities.

Use of Unified Payments Interface (UPI) with ASBA- Reg.

July 26, 2019 1272 Views 0 comment Print

Investors whose bank is not live on UPI as on the date of this Circular, may use the other alternate channels available to them viz. submission of application form with SCSB or using the facility of linked online trading, demat and bank account (Channel I or II at Para 5.1 of Circular dated November 01, 2018).

High Court Order in respect of item at EXIM Code 1005 Maize (Corn)

July 26, 2019 1518 Views 0 comment Print

Reference is invited to Notification No. 93 (RE-2013) dated 29.09.2014 which, inter – alia, revised the import policy for EXIM code 1005 – Maize (Corn) (1005 90 00 -Other), removing the item from the State Trading Enterprises” list to Free.

Use and File procedure for certain modifications under existing products and riders offered by Life Insurers

July 26, 2019 2448 Views 0 comment Print

hange in current File and Use procedure: To make the product modification process more efficient, it has been decided that the following modifications to the approved products and riders will be allowed without complete procedure under File and Use:

Implementation of IRDAI (Non-Linked Insurance Products) Regulations, 2019

July 26, 2019 4203 Views 0 comment Print

This circular is issued in accordance with the powers vested under Section 14 (2)(e) of the IRDA Act, 1999 read with Section 34(1) of the Insurance Act, 1938, Regulation 38 of the IRDAI (Non-Linked Insurance Product) Regulations, 2019 and Regulation 51 of the IRDAI (Unit-Linked Insurance Products) Regulations, 2019.

Clarifications on Refunds of IGST paid on import in case of risky exporters

July 24, 2019 1056 Views 0 comment Print

Board has received representations wherein various exporters and organisations have raised the issue of repeated opening of export containers for 100% examination related to risky exporters, under the new procedure laid down in Circular 16/2019-Customs dated 17.06.2019. Exporters have taken the plea that their cargo is getting delayed and they have to incur additional costs for carrying out re-packing.

Tax on goods exported earlier for exhibition purpose/consignment & applicability of Notification No. 45/2017-Customs

July 24, 2019 3963 Views 0 comment Print

Representations have been received for clarifying the issue of applicability of Notification no. 45/2017-Customs on the re-import of goods which had been earlier exported either for participation in exhibition or on consignment basis.

FAQs: Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Act, 2019

July 20, 2019 6213 Views 0 comment Print

Certain queries have been received from the Departmental Authorities as well as the Trade on Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Act, 2019 . In view of these queries following clarification is issued in the form of FAQs. Office of the Commissioner of State Tax, Maharashtra State 8th Floor, GST […]

Insider Trading- Reporting of violations related to Code of Conduct

July 19, 2019 2019 Views 0 comment Print

With an objective to standardize the process relating to dealing with such violations of the Code of Conduct, all listed companies, intermediaries and fiduciaries shall: a. Report such violations by the designated persons and immediate relatives of designated persons in the standardized format to SEBI, as placed at Annexure A.

Guidelines for Disposal of Muriate of Potash (MoP) Seized/Confiscated by Customs

July 19, 2019 723 Views 0 comment Print

The field formations may get the stock of seized/ confiscated MoP inspected by the Fertilizer Inspector of Central Fertilizer Quality Control and Training Institute (CFQCTI), Faridabad and its 3 Regional Fertilizer Testing Laboratories at Chennai, Kalyani Distt. Nadia (West Bengal) and Navi Mumbai, to ascertain whether it is Standard Grade Fertilizer or Non-Standard Grade Fertilizer

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