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Circulars

Implementing Electronic Sealing for Containers by exporters under self-sealing procedure

November 18, 2017 2214 Views 0 comment Print

AEOs and Units having permission to self–seal without supervision of a Central Excise officer were to mandatorily use RFID e seals with effect from 8th November 2017 when exporting from the ports / ICDs listed in the aforesaid circular.

Review of Securities Lending and Borrowing (SLB) Framework

November 17, 2017 1497 Views 0 comment Print

Stock Exchanges, Clearing Corporations and Depositories are directed to: i. Take necessary steps to put necessary systems in place for the implementation of the above provisions of this circular. ii. Make necessary amendments to the relevant bye-laws, rules and regulations for the implementation of the above decision.

Reg. inter-State purchases against C Form for period starting from 01.07.2017

November 17, 2017 4359 Views 0 comment Print

Declarations in Form ‘C’ for the periods starting from 1st July 2017 shall be issued only if such goods are purchased for the purposes enumerated in the Office Memorandum issued by Ministry of Finance, Department of Revenue, State Tax Division, New Delhi dated 7th November 2017 such as:-

Forwarding of samples for testing to Outside Laboratories- reg

November 16, 2017 4143 Views 0 comment Print

It has come to the notice of the Board that due to lack of testing facilities of certain goods in Revenue Laboratories, there is delay in clearance of the consignments of these goods due to avoidable movement of samples between Customs field formations and Revenue Laboratories.

Aadhaar as identity document for NRIs, PIOs & OCIs related services

November 15, 2017 2733 Views 0 comment Print

An illustrative list of such cases wherein NRIs/PIOs/OCIs are reported to have been asked to submit or link Aadhaar in order to avail the services/benefits/schemes has been compiled and is placed as Annexure.

Sebi creates new category of reporting FPI investment in hybrid securities

November 15, 2017 675 Views 0 comment Print

In order to capture FPI investment data in hybrid securities, a third category termed as Hybrid Security shall be created for the purpose of capturing and disseminating FPI investment data in hybrid securities.

It is not necessary to obtain consent from a Judge before transferring him

November 15, 2017 3789 Views 0 comment Print

Administration of Justice is the responsibility of the Judiciary. As per Memorandum of Procedure governing the transfer of High Court Judges, the Article 222 of the Constitution makes provision for the transfer of a Judge (including Chief Justice) from one High Court to any other High Court.

Order of Hyderabad HC in respect of item at EXIM Code 1005 Maize (Corn)

November 14, 2017 1350 Views 0 comment Print

Order of High Court, Hyderabad in W.P. No 34771/2014 in in respect of item at EXIM Code 1005 Maize (Corn). The Notification No. 93 (RE-2013) dated 29.09.2014 has, 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.

SEBI (International Financial Services Centres) Guidelines, 2015 –Amendments

November 14, 2017 498 Views 0 comment Print

(i) any entity incorporated in India seeking to raise capital in foreign currency other than Indian rupee which has obtained requisite approval under Foreign Exchange Management Act, 1999 (FEMA) or exchange control regulations as may be applicable; or

Simplified Hedging Facility Guidelines for Resident and non-resident entities

November 9, 2017 768 Views 0 comment Print

ii. If hedging requirement of the user exceeds the limit in course of time, the designated bank may re-assess and, at its discretion, extend the limit up to 150% of the stipulated cap. iii. Hedge contracts in OTC market can be booked with any AD Cat-I bank, provided the underlying cash flow takes place with the same bank.

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