It was decided to give some more time to enable the stock exchange to test the system software. As decided at the meeting, the stock exchanges shall comply with the requirement of introducing gross margining on the basis of data available from the system.
.In addition, if there is any scrip which is included in the BSE 200 list, but not covered by the above list, will also be included in the compulsory rolling settlement on a nationwide basis.
Attention is invited to DOR Circular No.16/96-Cus. Dated 12.3.96 which has been issued outlining the procedure to be followed for logging of DEEC Books. In terms of Para 1 of this Circular, 5 documents as enumerated therein are generally required to be produced for logging.
It is being re-iterated that securities which are lent under the above schemes shall remain deposited with the Clearing Corporation or Clearing House of the Exchange and shall not be sold or substituted during the same settlement.
Circular No. 573/10/2001-CX As you are aware, there has been a long dispute in regard to classification of D-oiled rice bran extraction, niger seed extraction of topioca chips and sesame seed extractions as animal feed falling under Tariff Heading 21 of the Second Schedule to the Custom Tariff Act, 1975. The core question thus related to the factum of export duty being leviable thereon during the relevant period.
I am directed to forward herewith a copy of the following Notifications published in the Gazette of India (Extraordinary) for your information and necessary action
I am directed to refer to the subject mentioned above and to say that a reference has been received in Board”s office stating that importers are claiming classification of cellulose insole sheets of size 150 cm x 100 cm under heading 48.23 (sub-heading 4823.30) of the Central Excise Tariff (CET) for levy of additional duty of customs.
It was decided in the meeting of the Group on Risk Management Systems for Equity Market held on March 07, 2001 that all sales transactions effective from March 08, 2001 shall be backed by delivery unless a sale transaction is preceded by a purchase position of at least an equivalent amount in the name of the same client in the same or any other exchange.
SEBI had introduced Securities Lending Scheme to facilitate securities settlement. It has now been decided that the Securities Lending Scheme, 1997 would be applicable only to the transactions under the ALBM & BLESS facilities of NSE & BSE respectively.
The Reserve Bank of India (RBI) has vide its notification no.FEMA.35/2001-RB dated February 16, 2001 amended the Foreign Exchange Management( Transfer or issue of Security by a Person Resident outside India) Regulations, 2000
