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Guideline to implement Cyber Security & Resilience framework for MFs / AMCs

January 10, 2019 2952 Views 0 comment Print

Cyber security framework includes measures, tools and processes that are intended to prevent cyber-attacks and improve cyber resilience. Cyber Resilience is an organization’s ability to prepare and respond to a cyber-attack and to continue operation during, and recover from, a cyber-attack.

Portfolio Concentration Norms for ETFs and Index Funds

January 10, 2019 843 Views 0 comment Print

1. In order to address the risk related to portfolio concentration in ETFs and Index Funds, it has been decided to adopt the following norms: a) The index shall have a minimum of 10 stocks as its constituents. b) For a sectoral/ thematic Index, no single stock shall have more than 35% weight in the index. For other than sectoral/ thematic indices, no single stock shall have more than 25% weight in the index.

Reg. Removal of Pre-import condition on specified deemed export

January 10, 2019 6711 Views 0 comment Print

Notification No. 01/2019-Customs- Seeks to remove pre-import condition and include specified deemed export supplies for exemption from integrated tax and Compensation cess for materials imported against Advance Authorizations and Advance Authorizations for Annual Requirement

Amendment in Para 4.14 & 4.16 (ii) of Foreign Trade Policy 2015-20

January 10, 2019 8691 Views 0 comment Print

Notification No. 53/2015-20– Para 4.14 of FTP 2015-20 is amended to remove pre-import condition to avail exemption from Integrated Tax and Compensation Cess and exemption from Integrated Tax and Compensation Cess is also extended to deemed supplies. Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan […]

Review of Budgetary support for states in lieu of area based exemptions

January 10, 2019 1980 Views 0 comment Print

Circular No. 1068/1/2019-CX Dated: 10th January, 2019 1. Provision of Appeal The support under the scheme is in the nature of grant and not refund of duty under taxation law. As such there is no requirement for any appellate forum as the decision of the sanctioning authority is final 2. Review of progress of implementation […]

Change in due date of Maharashtra VAT Audit report in Form 704

January 9, 2019 50703 Views 0 comment Print

Maharashtra Government notifies Change in due date of Maharashtra VAT Audit report in Form 704 to on or before 28th February of the immediate succeeding Financial Year.

Directives for processing of application for MEIS claims under FTP 2015-20

January 9, 2019 1611 Views 0 comment Print

The list of MEIS entries in the Appendix 3B, Table 2, for which the RAs are required to process the MEIS application in the manual mode, as explained in the Trade Notice 30 dated 11.09.2018 has been re-notified.

Guidelines to RAs for SOP for EODC monitoring

January 9, 2019 2403 Views 0 comment Print

Guidelines to RAs for following Standard Operating Procedure (SOP) for EODC monitoring of both Advance as well as EPCG authorizations using software in website http://eodc.online

RBI amends Gold Monetization Scheme, 2015

January 9, 2019 540 Views 0 comment Print

RBI makes the following amendments in the Reserve Bank of India (Gold Monetization Scheme, 2015) Master Direction No.DBR.IBD.No.45/23.67.003/2015-16 dated October 22, 2015, with immediate effect.

Customs Post Clearance Audit- reg

January 8, 2019 11520 Views 0 comment Print

A new audit approach is envisaged in view of the experience gained over the past years in implementation of Customs Post Clearance Audit, as well as the exposure to international best practices.

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