The matter was deliberated upon and accordingly it is clarified that wherever import of penicillin and its salts( ITC(HS) Code 29411010) is allowed under advance licence scheme, export obligation period of such licences shall be restricted to 3 months from the date of clearance of import of first consignment. No further export obligation period extension shall be allowed for such advance licences. An endorsement in the advance licence shall be made by the licensing authority to this effect.
Individual debt investment limits earlier allocated for 100% FIIs/Sub-Accounts will be realigned based on the remaining available limit of US$ 1550 million out of the overall cap of US $1.75 billion and the revised limits will be advised to the 100% debt FIIs/Sub-Accounts separately.
The Stock Exchanges shall set up a separate monitoring cell with identified personnel to monitor the compliance with the provisions of the revised Clause 49 on corporate governance.
Therefore, requested to consider all requests for waiver of interest on the customs duty in respect of warehoused goods keeping in mind the aforesaid guidelines of the Board and taking into consideration all the relevant rules and regulations which are applicable.
The Stock Exchange, in consultation with the IPF/CPF Trust, shall review and progressively increase the amount of compensation available against a single claim from an investor, atleast every three years.
The Apex Court has held that even in respect of a separately chemically defined compound, if it is a pesticide/insecticide it will be classified under heading 3808 of the Central Excise Tariff (which is identical to the corresponding heading of the Customs Tariff) and not under Chapters 28 or 29.
it is mandatory for the applicant who is a natural person to provide biometric impressions of the left thumb, left index finger, right thumb and right index finger and photograph electronically on the system of the Designated Service Provider.
It is observed that many issuers debt instruments have still not admitted their debt securities on both the depositories, as required in terms of the aforesaid circular.
It is, accordingly clarified that (i) supply of goods made to projects financed by agencies / funds notified by the Department of Economic Affairs and covered under Appendix 33 of Handbook of Procedures would continue to be eligible for deemed export benefits covered under para 8.3 (a) & (b), viz., (a) advance license for deemed exports, and / or (b) deemed export drawback, as the case may be.
This circular is being issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992, to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.
