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Circulars

Circular on Investor Protection Fund (IPF) & related matters

September 26, 2016 3133 Views 0 comment Print

As per Section 131(B) of Finance Act, 2015 all rules, directions, guidelines, instructions, circulars, or any like instruments, made by the erstwhile FMC or the Central Government applicable to recognised associations under the FCRA would continue to remain in force for a period of one year from the date on which FCRA was repealed (September 29, 2015), or till such time as notified by SEBI, whichever is earlier.

Incorrect simultaneous issuance of dual benefit of Zero duty EPCG and SHIS

September 23, 2016 1105 Views 0 comment Print

It was noted by the Ministry that consequent to issuance of the said Public Notice, the bar related to dual issuance placed in Customs notifications insofar as they relate to the FTP 2015-20 become unnecessary. These have been removed through Notification No. 52/2016-Customs dated 23.9.2016 that has suitably amended Notification Nos. 104/2009-Cus, 16/2015-Cus and 17/2015-Cus.

Regulatory Framework for Commodity Derivatives Brokers

September 23, 2016 964 Views 0 comment Print

As per Section 131(B) of Finance Act, 2015 all rules, directions, guidelines, instructions, circulars, or any like instruments, made by the erstwhile Forward Markets Commission (FMC) or the Central Government applicable to recognized associations under the Forward Contracts (Regulation) Act, 1952 shall continue to remain in force for a period of one year

MVAT- Regarding Grant of Administrative Relief

September 23, 2016 3310 Views 0 comment Print

Commissioner of Sales Tax, 8th floor, Vikrikar Bhavan, Mazgaon, Mumbai- 400 010. CORRIGENDUM To No. DC (A&R)/VAT/MMB-2015/62/ADM-8 Mumbai, dated: :23.09.2016 Trade Circular No. 28T of 2016 Sub:- Grant of Administrative Relief. Ref:- Trade Circular No. 13T of 2016 dated 5th May 2016. Sir/ Madam, Trade Circular No. 13T of 2016 dated 5th May 2016 is […]

Setting up of CCFC for Land Customs Stations & Inland Container Depots- reg

September 22, 2016 589 Views 0 comment Print

With a view to have similar administrative arrangements for facilitation of trade in the Land Customs Stations, CCFCs shall be set up in the following Commissionerates having jurisdiction over the various Land Customs Stations,-

SEBI- Staggered/ early delivery system, early pay-in facility, changes in expiry dates

September 21, 2016 769 Views 0 comment Print

Securities and Exchange Board of India CIRCULAR SEBI/HO/CDMRD/DRMP/CIR/P/2016/90 September 21, 2016 To, The Managing Directors/Chief Executve Officers, National Commodity Derivatives Exchanges Sir/Madam, Sub: Staggered delivery, early delivery system, early pay-in facility, penalty on delivery default, fixation of FSP and changes in expiry dates 1. As per Section 131[B]of the Finance Act, 2015 all rules, directions, […]

Ordinance to amend Maharashtra Settlement of Arrears in Disputes Act 2016

September 21, 2016 742 Views 0 comment Print

(a) The clause (2) of section 2 of the Settlement Act defines the term arrears in dispute. In order to qualify any amount of tax, interest or penalty as ‘arrears in dispute’ one of the condition was that a recovery of the aforesaid arrears must have been stayed either fully or partly by the appellate authority, Tribunal or the Court.

Clarification on Revenue recognition and Excise Duty Restrictions

September 20, 2016 2635 Views 0 comment Print

‘Income from Operations’, as mentioned in the formats for publishing financial results prescribed in the circular dated November 30, 2015, may be disclosed inclusive of excise duty, instead of net of excise duty, as specified in the Companies Act, 2013.

CENVAT of service tax paid on transportation of goods by rail-Procedure

September 20, 2016 2698 Views 0 comment Print

The STTG Certificate shall be issued to rail customer (consignor/ consignee, whosoever makes the payment of Service Tax) by the Railways for the purpose of availing CENVAT A proforma containing the format of STTG certificate to be filled by the consignor/ consignee is enclosed herewith as Annexure-A.

Permission for trading in futures contracts & modification in contract specifications at exchange level

September 20, 2016 946 Views 0 comment Print

a. Check-list of information/details to be submitted along with proposal for launch of new contract or/and for renewal of existing/earlier contracts b. Approval for futures contracts on continuous basis

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