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Prohibition on import of toys

June 16, 2009 592 Views 0 comment Print

The following normative documents contain provisions which, through references in this text, constitute provisions of this part of ISO 8124. For dated references, subsequent amendments to, or revision of, any of these publications do not apply. However, parties to agreements based on this part of ISO 8124 are encouraged to investigate the possibility of applying the most recent editions of the normative documents indicated below.

Verification of new IEC Number

June 16, 2009 8686 Views 0 comment Print

IEC certificates shall be sent to the applicants on the address indicated in the application by registered post only. In exceptional cases, as decided by the Head of Office of the concerned RA, such certificates may be handed over to the applicants. In case any certificate is returned undelivered by postal authorities.

RBI circular on RTGS Transactions to all banks participating in RTGS

June 16, 2009 3236 Views 0 comment Print

It may be noted that field tag 7495 contains 6 lines and the RTGS participants are required to provide the minimum return information as stated above in the first three lines. Any additional information, in case an RTGS participant intends to provide, may do so in the subsequent three lines.

Eligibility of exemption Notification No 6/2006_CE to pipe fittings ( joints, sleeves, elbow, couplings, etc. ) -reg

June 15, 2009 598 Views 0 comment Print

It has been brought to the notice of the Board that the manufacturers of pipe fittings (joints, sleeves, elbow, couplings, etc.) are claiming the benefit of the Sl No. 7 of the Notification No. 6/06-CE. It is also reported that some units are manufacturing pipes and pipe fittings and claiming benefit of notification for pipe fittings which are cleared alongwith pipes. The issue is whether the ‘pipe fittings’ in the water supply network are also exempted.

SEBI : Guidelines for Investment by Mutual Funds in Money Market Instruments

June 15, 2009 709 Views 0 comment Print

It is hereby clarified that in case of the existing schemes where the investments in money market instruments of an issuer are not in compliance with the said notification, AMC shall ensure compliance within a period of 3 months from the date of notification.

Senior Citizens Savings Scheme, 2004 – Acceptance of Form 15-G from Nominees

June 12, 2009 1528 Views 0 comment Print

Circular Ref. No. DGBA.CDD.H-10566/15.15.001/2008-09 Dated 5-6-2009 As you are aware, investors under Senior Citizens Savings Scheme, 2004 (SCSS) are eligible to file Form 15-G and 15-H to claim exemption from TDS on the interest payable on the deposits under the said scheme. 2. Central Board of Direct Taxes have now clarified, vide their Office Memorandum F.No.275/36/2009-IT(B) […]

SEBI : Submission of Monthly Report

June 11, 2009 934 Views 0 comment Print

In this regard, it is advised that the report shall be uploaded on SEBI Portal by the 5th of the following month. Hard copy of the said report shall not be sent to SEBI.

Accounting for taxes on income – AS 22-Treatment of deferred tax asset and liabilities

June 10, 2009 9576 Views 0 comment Print

Accounting for taxes on income – Accounting Standard 22 – Treatment of deferred tax assets (DTA) and deferred tax liabilities (DTL) for computation of capital CIRCULAR No.DNBS.PD/CC. No. 142/03.05.002, dated 9-6-2009 NBFCs were advised vide DNBS (PD) C.C. No. 124/03.05.002/2008-09 dated July 31, 2008 that in terms of Accounting Standard 22, the tax effects of […]

Policy Circular No. 93 (RE-2008)/2004-2009, Dated: 10.06.2009

June 10, 2009 397 Views 0 comment Print

The Policy Interpretation Committee in its meeting held on 18.5.2009 decided that incentives for Fast Track Companies will be provided to all cases for grant of redemption of EPCG Authorization issued on or after 1.4.1999 in respect of EPCG Authorization of CIF value of Rs.100 crores or more where export obligation is required to be fulfilled over a period of 12 years, and on or after 1.4.2001 for all other EPCG Authorizations.

SEBI : Guidelines for Investment by Mutual Funds in Indian Depository Receipts (IDRs) and copies of gazette notifications dated April 8, 2009 and June 5, 2009

June 9, 2009 592 Views 0 comment Print

In terms of regulation 43(1) of SEBI (Mutual Funds) Regulations 1996 (the Regulations), mutual funds are permitted to invest in securities. It is hereby clarified that mutual funds can invest in Indian Depository Receipts

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