It has now been decided to further enhance the existing limit of US $ 2 billion available for investment by FIIs in Government Securities/ T-Bills to US $2.60 billion. The incremental limit of US $ 0.6 billion is being added to the existing headroom of US $55 million available for investment by 100% debt FIIs in Government Securities/ T-Bills.
It is observed from the information provided by the depositories that the companies listed in Annexure ‘A’ have established connectivity with both the depositories on or before 30.11.2006
I am directed to refer to Circular No. 625 /16 /2002-CX, dated 28th February, 2002. Para 4 of the said Circular gave an example that in respect of bulk sale of ice-cream to hotels/restaurants, which are not meant for retail sales as such, the provisions of the Standards of Weights and Measures Act will not apply
Provided that any mutual fund which is not in compliance with sub-regulations (3) or (4) as at the commencement of the Securities and Exchange Board of India
The Board has accepted this recommendation of the C&AG. The Board has already issued a detailed circular regarding initiation of coercive action for the recovery of central excise duties under its Circular 788/21/2004-CX dated 25 May 2004 issued from F. No. 208/41/2003-CX.6. The instructions contained in this Circular would apply mutatis mutandis for the recovery of customs arrears as well.
In case the above time period cannot be observed in a particular case, the adjudicating officer shall keep his supervisory officer informed regarding the circumstances which prevented the observance of the above time frame, and the supervisory officer would fix an appropriate time frame for disposal of such cases and monitor their disposal accordingly.
In case the above time period cannot be observed in a particular case, the adjudicating officer shall keep his supervisory officer informed regarding the circumstances which prevented the observance of the above time frame, and the supervisory officer would fix an appropriate time frame for disposal of such cases and monitor their disposal accordingly.
The issue of timely disposal of the applications/requests of EOUs has often been raised in Open Houses. Several representations from the EOU exporters have also been received expressing difficulties on account of delayed action on their applications/requests in the field.
Pursuant to the enhancement in overseas investment limits by RBI, it has now been decided that mutual funds can invest in ADRs/GDRs/Foreign Securities within overall limit
Wide publicity may please be given to the clarification by way of issuance of Public Notice. Difficulties, if any, in implementation of this clarification, may be brought to the notice of the Directorate General of Export Promotion, New Delhi.
