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Notifications/Circulars

Food Safety and Standards (Prohibition and Restrictions on Sales) First Amendment Regulations, 2020

July 21, 2020 759 Views 0 comment Print

(1) These regulations may be called the Food Safety and Standards (Prohibition and Restrictions on Sales) First Amendment Regulations, 2020. (2) They shall come into force on the date of their publication in the Official Gazette.

CBDT clarifies on Validly of section 194N exemptions

July 20, 2020 21660 Views 2 comments Print

CBDT clarifies that three Section 194N exemption notifications shall be deemed to be issued under fourth proviso to section 194N as amended by the FA, 2020.

CBDT Signs MOU with MoMSME for sharing of data

July 20, 2020 1650 Views 0 comment Print

The MoU will facilitate seamless sharing of certain Income-tax Return (ITR) related information by the Income Tax Department to MoMSME. This data will enable MoMSME to check and classify enterprises in Micro, Small and Medium categories as per the criteria notified in the Notification No. S.O. 2119(E) dated 26/06/2020 of MoMSME.

Company may permit empaneled stock brokers to fund ESOP

July 20, 2020 2259 Views 0 comment Print

As per Regulation 9(2) of the SEBI (Share Based Employee Benefits) Regulations, 2014 (SBEB Regulations)  the company may permit the empaneled stock brokers to fund the payment of exercise price which shall be adjusted against the sale proceeds of some or all the shares, subject to the provisions of the applicable law or regulations. Thus, […]

Steps for early clearance of imported consignments of livestock products

July 20, 2020 867 Views 0 comment Print

To Facilitate “Ease of Doing Business” and early clearance of imported consignments of livestock products, no custom sealed sample will be required / collected by AQCS for clearance of imported consignments under No Testing (NT) category. These imported consignments will be granted AQCS clearance on the Single Window System (SWS) based on Veterinary Health Certificate uploaded on the SWS along with other relevant documents while filing Bill of Entry by the importer

Revised Procedure and Criteria for submission and approval of applications for export of PPE Medical Coveralls for COVID-19

July 20, 2020 465 Views 0 comment Print

Reference is invited to the DGFT Notification No. 16 dated 29.06.2020 restricting the export of PPE medical coveralls for COVID-19 and fixing the export quota of 50 Lakh PPE Coverall Units per month. The detailed procedure and criteria for submission of applications for export of PPE medical coveralls was outlined in the Trade Notice No. 17 dated 29.06.2020.

Framework to Enable Verification of Upfront Collection of Margins from Clients in Cash and Derivatives segments

July 20, 2020 1116 Views 0 comment Print

Clearing Corporations shall send minimum 4 snapshots of client wise margin requirement to TMs/CMs for them to know the intraday margin requirement per client in each segment. The number of times snapshots need to be sent in a day may be decided by the respective Clearing Corporation depending on market timings subject to a minimum of 4 snapshots in a day. The snapshots would be randomly taken in pre-defined time windows.

Eligibility Criteria for Selection of Underlying Commodity Futures for Options on Commodity Futures

July 20, 2020 378 Views 0 comment Print

The underlying ‘Futures contracts’ on the corresponding commodity shall be amongst the top five futures contracts in terms of total trading turnover value of previous twelve months;

Anti-subsidy investigation concerning imports of Viscose Rayon Filament Yarn

July 20, 2020 666 Views 0 comment Print

Initiation of anti-subsidy investigation concerning imports of Viscose Rayon Filament Yarn above 60 deniers originating in or exported from China PR MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF TRADE REMEDIES) INITIATION NOTIFICATION New Delhi, the 20th July, 2020 Case No. CVD OI -05/2020 Subject: Initiation of anti-subsidy investigation concerning imports of […]

Customs, Amritsar seized 10.22 Kgs of gold worth Rs. 5 crore

July 20, 2020 552 Views 0 comment Print

Customs Commissionerate (Prev), Amritsar, has foiled an attempted gold-smuggling attempt at the Amritsar Airport and seized 10.22 Kgs of gold worth Rs. 5 crore.

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