It has been brought to the notice of the Board that the EOUs and units in EPZ/EHTP/STP are not being allowed to transfer unutilized materials procured / imported duty free to other such unit in spite of explicit provision contained
SEBI vide circular SMD/Policy/Cir-17/2002 dated July 03, 2002 provides that the list of companies which are required to file documents/statements on-line shall be specified by SEBI from time to time.
FII registration /renewal fees have been reduced from US$ 10,000 to US $ 5,000/. Further, documentation required to be enclosed along with FII registration/ renewal applications have also been simplified and curtailed.
I am directed to invite your attention to the Board’s Circular No.79/2001-Cus., dated 7.12.2001 regarding simplification of procedure for transhipment of cargo from gateway ports to other ports/ICDs/CFSs.
I am directed to say that doubts have been raised as to whether Service Tax is payable on the services rendered by Central Depository Services (India) Limited (CDSL). CDSL is providing depository services in respect of DEMAT stocks to its customers. It has also implemented “Electronic Access to Securities Information” (easi), to enable the owner to access accounts in the first phase and transact depository business in the second phase of the project. CSDL charges certain fee such as registration fee, annual fee etc for providing service of eas
I am directed to invite your attention to Section 65(25) of the Finance Act, 1994 (as amended), which defines Consulting Engineer as “any professionally qualified engineer or an engineering firm, who, either directly or indirectly, renders, any advice, consultancy or technical assistance in any manner to a client in one or more disciplines of engineering.” The types of services a consulting engineer normally renders are illustrated in Board”s letter F.No.43/5/97-TRU dated 2.7.97, services relating to construction activities are covered therein.
Separation of Cash and Derivative Segment of an Exchange and its Clearing House/Corporation. The Dr. L.C Gupta Committee on Derivatives had permitted exiting stock exchanges having cash trading to trade in derivative contracts through a separate segment with separate membership.
The Exchanges may now determine the manner of adjustment in derivative contracts at the time of corporate actions in conformity with the following principles.
Derivative contracts on a new stock index shall be permitted if the stocks contributing 90% weightage in the index are individually eligible for derivative trading as per the eligibility criteria. This requirement shall be applied only at the time of introduction of derivative contract on new indices.
As for other cases i.e. the show cause notices where the extended period is not invoked, as per the existing instructions the Additional Commissioners of Customs and Joint Commissioners of Customs
