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Circulars

Customs Authorized Economic Operator (AEO) Programme

July 22, 2016 40106 Views 0 comment Print

The Board has decided to merge the two facilitation schemes namely ACP and AEO into a combined three-tier AEO programme, and also enhance the scope of these programmes so as to provide further benefits to the entities who have demonstrated strong internal control system and willingness to comply with the laws administered by CBEC.

Reg. Classification of Glyphosate Isopropyl amine

July 21, 2016 20910 Views 0 comment Print

Representations have been received from the members of the trade requesting clarification regarding Glyphosate Isopropyl amine (Glyphosate 360 Acid) which was placed under the category of Plant Growth Retardant in the annexure to the circular at Table 1 in the opinion received from IARI.

Basel III Framework on Liquidity Standards

July 21, 2016 20800 Views 0 comment Print

It has been decided that, in addition to the above-mentioned assets, banks will be permitted to reckon government securities held by them up to another 1 per cent of their NDTL under FALLCR within the mandatory SLR requirement as level 1 HQLA for the purpose of computing their LCR.

Operationalisation of Central KYC Records Registry (CKYCR)

July 21, 2016 21011 Views 0 comment Print

  Securities and Exchange Broad of India CIRCULAR CIR/MIRSD/66/2016 July 21, 2016 1. All Recognized Stock Exchanges 2. Stock Brokers through Recognized Stock Exchanges 3. All recognised Depositories 4. Depository Participants through Depositories 5. Association of Mutual Funds in India 6. Mutual funds through AMFI 7. Portfolio Managers 8. KYC Registration Agencies (KRAs) 9. Alternative […]

DD/PO towards appeal/application fee Should be Valid for 60 days

July 20, 2016 20560 Views 0 comment Print

During receipt of Appeal/application in Central Registry, it has been noticed that the DD/PO, submitted towards registration fee, has only few days of validity left on the day of its submission. Keeping above in view, all concerned are requested to ensure that DD/PO submitted towards appeal/application fee must be valid at least for 60 days on the date of submission.

MVAT- 41 FAQ's on Settlement of Arrears in Disputes Act, 2016

July 19, 2016 22923 Views 0 comment Print

Subsequently, further queries have been received from the Trade and Associations about various provisions of the Settlement Act. Same are examined and considered. So as to mitigate the issues raised, a third set of FAQs are added to the existing FAQ’s. A Trade Circular is being issued and all the earlier FAQ’s are clubbed together.

Manual signatures on digitally signed invoices – reg

July 19, 2016 23575 Views 0 comment Print

Representations have been received from the trade requesting for clarification on whether a manufacturer who opts to authenticate invoices with digital signature can simultaneously also authenticate invoices by manual signature.

Classification of Tamarind Kernel Powder under CETA, 1985-reg

July 19, 2016 21875 Views 0 comment Print

Representations have been received from the members of the trade requesting clarification regarding classification of tamarind kernel powder. It has been stated in these representations that there is divergence in the field regarding practice of classification of tamarind kernel powder

Acceptance of Fixed Deposit Receipts by Clearing Corporations

July 15, 2016 20035 Views 0 comment Print

1) Currently, Fixed Deposit Receipts of banks are accepted by Clearing Corporations as eligible collateral from the participants. 2) It is observed that some banks who are also trading members/ clearing members on the Stock Exchange/Clearing Corporation have placed Fixed Deposit Receipts issued by themselves as Collateral, with the Clearing Corporation.

4th FAQs on Income Declaration Scheme, 2016

July 14, 2016 26683 Views 0 comment Print

Can a declaration made under the Scheme be revised before the date of closure of the Scheme i.e. 30.09.2016? Answer: It is expected that the declarations made under the Scheme are filed correctly. However, a revised declaration can be filed on or before the date of closure of the Scheme provided the undisclosed income in the revised declaration is not less than the undisclosed income declared in the declaration already filed.

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