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Circulars

Misuse of Total Loss Accident Vehicle Documents over Stolen Vehicles

July 26, 2019 3447 Views 0 comment Print

If a motor  vehicle has been destroyed or has been rendered permanently incapable of use, the owner shall, within fourteen days or as soon as may be, report the fact to the registering authority within whose jurisdiction he has the residence or place of business where the vehicle is normally kept, as the case may be, and shall forward to the authority the certificate of registration of the vehicle.

Guidelines for LES in Commodity Derivatives Contracts

July 26, 2019 684 Views 0 comment Print

Discount in fees, adjustment in fees in other segments or cash payment – The incentives during a financial year shall not exceed 25% of the net profits or 25% of the free reserves of the stock exchange, whichever is higher, as per the audited financial statements of the preceding financial year.

Staggered Delivery Period in Commodity futures contracts

July 26, 2019 10374 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 1686 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 2139 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 3198 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 4929 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 1470 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 4761 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 6525 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 […]

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