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Circulars

DVAT: Withdrawal of Circular regarding disposal of refunds

May 2, 2017 1269 Views 0 comment Print

Circular no. 06 of 2005 dated 15/06/2005 regarding the disposal of refunds stands withdrawn with immediate effect. This issues with the approval of the competent authority

Export obligation under EPCG and Advance Authorisation Schemes reg.

May 2, 2017 7332 Views 0 comment Print

I am directed to invite your attention to para 2(d) of Circular No. 5/2010-Cus dated 16.03.2010 directing initiation of action to safeguard revenue in case of non-submission of Export Obligation Discharge Certificate within the time period stipulated in the relevant Customs notifications. These directions have been reiterated in para 7 (iii) of Instruction dated 18th January, 2011.

EPFO: Revised delegation of financial powers for claim settlement

May 1, 2017 4521 Views 0 comment Print

Since the settlement of claim is done from two different schemes/accounts (A/c-1 for F-19 and A/c-10 for F-10C), for accounting & reporting purpose, two separate receipt numbers are required and may be entered on the single composite claim form. The member would be required to submit a single Composite Claim Form.

SC Guideline for Listing of urgent matters during Vacations

May 1, 2017 1203 Views 0 comment Print

It is hereby notified for the information of all concerned that the following norms/guidelines have been laid down for listing of urgent matters during the ensuing vacation viz. from 11.5.2017 to 2.7.2017 :

24 Hour Presence of Excise officers in cigarette factories is not mandatory

May 1, 2017 5256 Views 2 comments Print

Representations have been received from the field formations and members of the trade and industry regarding practicality of round-the-clock posting of Central Excise officers in the cigarette manufacturing units. In terms of para 10 of instructions dated 24.12.2008 issued vide F. No. 224/37/2005-CX.6, read with para 2.2 of Chapter 4 of the CBEC Manual, mandatory, round-the-clock presence of Central Excise officer in the factory has been prescribed to ensure that the goods are not removed without his authorisation and also exercise supervision and control over operations as per instructions contained in the Commodity Manual for cigarettes. In view of the limited number of officers posted in the range, problems are being faced to post officers in the cigarette manufacturing units round the clock, resulting in delays in production/ clearance of goods.

RBI Guidelines on Merchant Acquisition for Card Transactions

April 28, 2017 1440 Views 0 comment Print

All co-operative banks not intending to act as Point of Sale (POS) acquiring bank are permitted to deploy third party POS terminals without prior approval of Reserve Bank of India (RBI) subject to the bank fulfilling the following criteria:

SEBI Circular on disclosure of executive remuneration by Mutual Funds

April 28, 2017 1626 Views 0 comment Print

This circular is issued in exercise of the powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act 1992, read with the provision of regulation 77 of SEBI (Mutual Funds) Regulations, 1996 to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.

File Formats for Transfer of Shares to demat account of IEPF Authority

April 28, 2017 2256 Views 0 comment Print

Attention of Issuers/ R&T Agents is invited to Notification dated February 28, 2017 issued by Ministry of Corporate Affairs (MCA) notifying the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Amendment Rules, 2017 (Copy enclosed as Annexure 1)

DVAT return filing due date for 4th quarter extended to May 15, 2017

April 28, 2017 2598 Views 0 comment Print

Hereby extend the last date of filing of online/hard copy of fourth quarter return for the year 2016-17, in Form DVAT-T6 ,DVAT-17 and DVAT-48 along with required annexure/enclosures up to 15/05/2017.

Don’t rely merely on Head Notes / Placitum of Law Journals: HC

April 27, 2017 4338 Views 0 comment Print

During the assessment of judgments of Judicial Officers, it is noticed that many Judicial Officers have reproduced the Head Note/Placitum from the relevant Journals relating to High Court/ Supreme Court judgments. Needless to mention that the Head Note is a creation of the Edition Board.

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