Government Servants working in the other departments/agencies such as Police, Border Security Forces, Coast Guard, etc. may also be considered for sanction of reward in respect of cases of seizures of contraband goods affected by these agencies under the provisions of Customs Act, 1962/ Narcotic Drugs and Psychotropic Substances Act, 1985 and subsequently booked / investigated by the formations and agencies under CBEC.
it is requested to put up the list of proposed withdrawals/withdrawn cases of CESTAT and High Court below the threshold limit on the respective websites of the Comissionerates under your charge and also inform the concerned assessees who are the respondents in all such cases.
The anti-dumping duty imposed under this notification shall be levied for a period of five years from the date of publication of this notification in the Official Gazette and shall be payable in Indian currency.
In respect of related entities which operate under severe long term restrictions which significantly impair their ability to transfer funds to the parent, the AIFIs shall disclose separately the book value of the amounts due from such related entities and the net amounts recoverable from them. The AIFIs shall also consider making appropriate provisions for the shortfall.
As announced in the Bi-Monthly Monetary Policy Statement on April 7, 2015, in order to encourage participation in the Over the Counter (OTC) currency options market and improve its liquidity, it has been decided to permit resident exporters and importers of goods and services to write (sell) standalone plain vanilla European call and put option contracts against their contracted exposure, i.e. covered call and covered put respectively
In line with the Government of India’s startup initiative, it has been decided that an Indian startup, having an overseas subsidiary, may open a foreign currency account with a bank outside India for the purpose of crediting to the account the foreign exchange earnings out of exports/sales made by the said startup or its overseas subsidiary.
The recommendations that remain to be implemented relate to reporting of information concerning (i) investment of banks and All India Financial Institutions (AIFIs) in Commercial Papers (CPs) – Recommendation No.8.6, and (ii) Unhedged Foreign Currency Exposures (UFCE) of borrowers of banks and AIFIs – Recommendation No.8.14.
The reconciliations required by paragraph 9 above shall be given in sufficient detail to understand the material adjustments to the Balance Sheet and Statement of Profit and Loss, thereby explaining how the transition from the existing financial reporting to Ind ASs affected the reported Balance Sheet and financial performance. The detail shall be such as to enable the Reserve Bank to understand the significant adjustments to equity that will impact regulatory capital. The Reserve Bank does not require the proforma Ind AS financial statements to be audited and understands that this information, while being a fair estimate of the impact to opening equity, is subject to change.
With a view to ensure consistency in the manner in which the information is received from the Auditors, it has been decided to introduce a uniform format of the SAC. The NBFC would need to fill in the information, as applicable, in COSMOS. Thereafter, the SAC needs to be scanned and uploaded in COSMOS https://cosmos.rbi.org.in under the menu Upload Returns > Statutory Auditors Certificate.
The arrears if any accumulated on this account may be identified and be factored into the additional requirement to be sent to EMC DGHRD for incorporation in the requirement for RBE (2016-17) and BE (2017-18).
