SEBI permits Segregated Nominee Account Structure in IFSC wherein orders of foreign investors may be routed through eligible Segregated Nominee Account Providers, for trading on stock exchanges in IFSC while adhering to regulatory requirements, inter alia, relating to identification of end-client, Unique Client Code, order placement at client level, client level margining and position limits.
The rate of rewards under MEIS for the ITC HS Code 2017: 07122000 is enhanced to 5% from earlier 3% with immediate effect vide Public Notice No. 11/2015-2020 -DGFT
Earlier, the application for ADM Relief was required to be made manually to the concerned Joint Commissioner. After receipt of the application, consideration of the facts as also the report in this behalf, obtained from the Nodal Officer concerned, the request for ADM Relief was either rejected or granted.
Amendment in Rule 11U and 11UA omitting reference to the term accountant, thereby permitting only merchant bankers to determine the FMV of unquoted equity shares as per the Discounted Free Cash Flow Method
Additional Commissioner, State Tax, Anti Evasion, Joint Commissioner (Adm.), Anti Evasion and all the Joint Commissioner (Adm.), State Tax can Extend Time Limit to Conclude Inspection Proceedings under Rajasthan GST, beyond three working days with reasons to be recorded in writing.
It is clarified that the term Duty used in respect of the items listed in Appendix 3A is to be read as Basic Customs duties only and not all Customs duties (including BCD=SAD/IGST)
Seeks to further amend notification No. 50/2017- Customs dated 30.06.2017 so as to: i. increase basic customs duty (BCD) on shelled Almonds [0802 12 00] from Rs.65/Kg to Rs.100/Kg ii. increase basic customs duty (BCD)on wheat [1001 19 00, 1001 99 10] from present 20% to 30%. iii increase basic customs duty (BCD) on Protein concentrates [2106 10 00] from 10% to 40%.
Seeks to increase tariff rate of basic customs duty (BCD) on Walnuts in shell [0802 31 00 ] from 30% to 100% and increase tariff rate of basic customs duty (BCD) on Protein concentrates and textured protein substances [2106 10 00] from 30% to 40% by invoking section 8A (1) of the Customs Tariff Act, 1975.
You are requested to direct the Principal Commissioners/ Commissioners under your jurisdiction to not transfer/amend the authorization without the express approval of the Board. It is reiterated that all Petitions, specifically GST related petitions, should be efficaciously defended by the authorized Commissioners. The contents of this Instruction may also be bought to the notice of concerned field formations under your jurisdiction.
DGFT clarifies whether the actual service providers rendering the eligible services should be entitled for the SFIS/SEIS benefits or the aggregator of services (Ports).
