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Circulars

One time approval for import of Soyabean oil obtained from Round-up-Ready Soyabean

September 28, 2007 511 Views 0 comment Print

The data relating to import of GM Soyabean oil or Soyabean oil from products of GM origin will be furnished by the Solvent Extractors’ Association of India, Mumbai to D/o Commerce, EP (Agri.) Division on a monthly basis.

Company Law General Circular No: 13/2007 Dated: 27/09/2007

September 27, 2007 457 Views 0 comment Print

Order of the Company Law Board under Section 141 of the Companies Act, 1956 regarding extension of time for filing documents by companies and levy of additional fee.

Circular No. 856/14/2007-Central Excise, Dated: 26.09.2007

September 26, 2007 559 Views 0 comment Print

I am directed to refer to the Board’s circular Nos. 829/06/2006-CX dated 01.05.2006, 830/07/2006-CX dated 03.07.2006 and 850/08/2007-CX dated 27.04.2007, wherein the list of places as mentioned in paragraph 2(2) of the circular No. 581/18/2001-CX dated 29.06.2001 was amended from time to time.

Overseas Investments by Mutual Funds

September 26, 2007 721 Views 0 comment Print

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.

Liberalised Remittance Scheme for Resident Individuals- Enhancement of limit from USD 100,000 to USD 200,000

September 26, 2007 1448 Views 0 comment Print

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.

Classification of Boric Acid and separate chemically defined compounds for purpose of Customs & Central Excise-reg

September 17, 2007 892 Views 0 comment Print

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.

Clarification regarding issue of Export House Status Certificate by Regional Offices of DGFT

September 14, 2007 547 Views 0 comment Print

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.

Circular No. 855/13/2007-Central Excise, Dated: 11.09.2007

September 11, 2007 2362 Views 0 comment Print

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.

SEBI : Circular on acceptance of Foreign Sovereign Securities as collateral from Foreign Institutional Investors (FIIs) for Exchange Traded Derivative Transactions

September 11, 2007 466 Views 0 comment Print

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.

Classification of Digital LCD / Flat Panel Monitor-Admissibility of Notification benefits-reg

September 10, 2007 2413 Views 0 comment Print

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.

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