These guidelines are issued in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 read with the provisions 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.
It has been decided to enhance the existing limit of USD 100,000 per financial year to USD 200,000 per financial year (April – March) with immediate effect. Accordingly, AD Category – I banks may now allow remittance up to USD 200,000, per financial year, under the Scheme, for any permitted current or capital account transaction or a combination of both.
In view of the above, it has been decided by the Board that the classification of ‘Boric Acid’, in supersession of its earlier circulars, would be under heading 2810; technical grade pesticides for insecticidal use or Boric Acid put up for retail sale or other specified forms as preparations or articles alone will be classifiable under 3808. This is being clarified for the purpose of uniformity in classification and for the purpose of levy and assessment thereof in respect of Boric Acid and similar separate chemically defined compounds.
Attention is invited to Para 3.2.1 of Handbook of Procedures which provides that application shall be filed with jurisdictional Regional Authority/Development Commissioner. However in cases where export performance of EOUs/SEZs is clubbed together with company or firm/Group Company in DTA, the same will be considered by jurisdictional Regional Authority only.
Attention is invited to Circular No. 53/88-CX-6 dated 12.07.1998 wherein a revised abstract of XT-I diary was circulated. Over the years, the Central Excise laws and procedures have undergone several changes, and a need was felt to revise the format of the XT-I Diary. The revised XT-I contains important work carried out during a month and it does not require reporting of daily functioning as was being done in present XT-I format.
The clearing corporation shall take adequate care to ensure that the sovereign securities accepted by it as margin are tendered under a mechanism which does not unduly hinder timely liquidation in the event of default by the clearing member.
Accordingly the technical features distinguishing the computer monitors from the other types of Television/video monitors are enclosed. These could be used by the officers of the field formation as guidance for assessment, examination of the said goods for determining its proper classification and extension of the notification benefit.
It is accordingly clarified that the benefit of entry at Sl. No. 314 of notification No.21/2002-Cus. as well as Sl.No.13 of Notification 25/2005-Customs dated 1.3.2005 would be available to ‘digital cameras’ with still image recording as its principal function. This would also include those digital cameras that have the capability of recording moving images for a limited period of time.
In exercise of the powers conferred under Rule 31 of the Central Excise Rules, 2002, the Central Board of Excise and Customs, hereby, issues following instructions for the assessees manufacturing Pan Masala, Gutkha and Chewing Tobacco.
Subsequently, SEBI vide circular No. MRD/DoP/Cir-08/2007 dated June 25, 2007 has discontinued with the requirement of Unique Identification Number (UIN) under the SEBI (Central Database of market Participants Regulations), 2003 (MAPIN Regulations)/circulars.
