Establishment of Connectivity with both depositories NSDL and CDSL – Companies eligible for shifting from Trade for Trade Segment (TFTS) to Rolling Segment.
It is hereby clarified that in terms of Para 3(i) of the aforesaid Policy Circular, the last date for making applications would be 31st of July for each licensing year. Thereafter, further applications would be considered on “first come first served” basis, provided the earmarked quantity has not been exhausted.
Stock Exchanges are advised to give effect to the abovementioned policy and communicate to SEBI, the status of implementation of the requirements of this circular in the next Monthly Development Report.
Attention is invited to the provisions of section 73 D of the Finance Act, 1994. This section empowers the Central Government to publish information relating to the names of the assessees or any other particulars relating to any proceedings under the Finance Act, 1994 in respect of such persons, in the manner as may be prescribed, if it is considered necessary and expedient in the public interest to do so
Both the Agricultural and Processed Food Products Export Cess Act, 1985 and Agricultural Produce Cess Act, 1940 have since been repealed on 01.06.2006 and 25.09.2006 respectively. Board has received representation from field formations and various Exporters Associations regarding regulation of past cases of export on which Cess is leviable.
Circular no. 3/ 2008 .1 The Finance Act, 2007 (hereafter referred to as the Act) as passed by the Parliament, received the assent of the President on the 11th day of May, 2007 and has been enacted as Act No. 22 of 2007. This circular explains the substance of the provisions of the Act relating to direct taxes. 2. Changes made by the Finance Act, 2007 2.1 The Finance Act, 2007 (hereinafter referred to as the Act), has,
The undersigned is directed to refer to para 12.2 of the Circular No. 97/8/2007-ST dated the 23rd August, 2007, which prescribes monetary limits of Central Excise Officers at various levels for adjudicating of cases under section 83A of the Finance Act, 1994, for adjudging a penalty under the provisions of the said Act or the rules made there under
Instead of Issuer Company, the Merchant Bankers shall respond to the complainant directly after independently examining the matter and exercising the due diligence.
In addition to the above, the Exchanges are also advised to send complete bio-data of members of the respective committees highlighting necessary professional competence and experience in the areas related to securities / derivatives markets.
Trade Circular No. 6 T of 2008 Section 51 of the Maharashtra Value Added Tax Act, 2002 deals with grant of refunds. The corresponding Rules are Rule 60 and Rule 61 of the Maharashtra Value Added Tax Rules, 2005. The provisions of Bank Guarantee are prescribed in Rule 61. The Trade Circulars No. 33T of 2005 Dt. 21.10.2005 and 56 T Dt.23.08.2007 were issued by this office in respect of Bank Guarantee for the purpose of grant of refunds under the Maharashtra Value Added Tax Act, 2002.
