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Notifications/Circulars

Extension of time for filing of Notice of appointment of Cost Auditor

June 12, 2015 2862 Views 0 comment Print

Extension of time for filing of Notice of appointment of the Cost Auditor for the F.Y. 2015-16 in Form CRA-2 and filing of cost audit report to the Central Government for the F.Y. 2014-15 in form CRA-4. General Circular No. 08/2015 Dated: 12th June, 2015

Interest Rate Futures (Reserve Bank) (Amendment) Directions, 2015

June 12, 2015 976 Views 0 comment Print

The Reserve Bank of India having considered it necessary in public interest and to regulate the financial system of the country to its advantage, in exercise of the powers conferred by section 45W of the Reserve Bank of India Act, 1934 and of all the powers enabling it in this behalf, hereby amends the Interest Rate Futures (Reserve Bank) Directions, 2013 dated December 5, 2013 (the Directions).

Clarification regarding clearance of goods after expiry of Nominated Agency Certificate

June 12, 2015 673 Views 0 comment Print

References have been received in this Directorate enquiring whether or not import consignments which started by ship during validity of the Nominated Agency Certificate (NAC) in March, 2015 can be allowed clearance, irrespective of the fact that the consignments arrived in India after 1.04.2015, when the NAC was no longer valid.

Exchange Traded Cash Settled Interest Rate Futures) on 6, 10 and 13 year Government of India Security

June 12, 2015 721 Views 0 comment Print

In consultation with RBI, after taking into account feedback from market participants and Stock Exchanges, it has been decided to permit stock exchanges to introduce cash settled Interest Rate Futures on 6-Year and 13 year GoI Security.

Companies (Cost Records and Audit) Amendment Rules, 2015

June 12, 2015 6594 Views 0 comment Print

G.S.R. 486(E).- In exercise of the powers conferred by sub-sections (1) and (2) of section 469 and section 148 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (cost records and audit) Rules, 2014

Clarification on grant of registration as a Foreign Portfolio Investor to Registered Foreign Venture Capital Investors

June 12, 2015 714 Views 0 comment Print

The investment conditions and restrictions for an entity registered as FVCI under FVCI Regulations are different as compared to the investment conditions and restrictions as prescribed for an entity registered as FPI under the FPI Regulations. Thus, such an entity would be required to have a clear segregation of funds/ securities which are proposed to be invested / held under the respective registrations.

Anti-dumping duty on imports of Nylon Tyre Cord Fabric

June 12, 2015 1359 Views 0 comment Print

Notification No. 30/2015-Customs (ADD)- Dated: June 12, 2015 Seeks to levy definitive anti-dumping duty on imports of Nylon Tyre Cord Fabric, originating in or exported from the People’s Republic of China for a period of five years.

Reg. Refund of Wealth Tax Paid on Urban Agricultural Land Used for Agriculture

June 11, 2015 961 Views 0 comment Print

CIRCULAR NO. 11/2015 Prior to amendment by Finance Act 2013, sub clause (b) of Explanation 1 to clause (ea) of section 2 of the Wealth-tax Act 1957 (Act) provided that an urban land shall be chargeable to wealth-tax. This inter alia included land situated in any area which is comprised within the jurisdiction of a municipality or a cantonment board and which has population of not less than ten thousand according to the last preceding census CIRCULAR NO. 11/2015, Dated: June 11, 2015

Holidays to be observed in Central Government Offices during the year 2016

June 11, 2015 3327 Views 0 comment Print

It has been decided that the holidays as specified in the Annexure -I to this O.M. will be observed in all the Administrative Offices of the Central Government located at Delhi/New Delhi during the year 2016. In addition, each employee will also be allowed to avail

Supply of a ‘service’ by units located in DTA to SEZ units – ineligible for rewards under SEIS

June 11, 2015 1615 Views 0 comment Print

Therefore it is clarified that regardless of the amendment notified vide Notification No. 08/2015-2020 dated 04.06.2015 (through which export turnover relating to services of units operating under SEZ Scheme or supplies of services made to such units has been deleted from the list of ineligible categories under SEIS thereby making supply of a ‘service’ from SEZ to other countries eligible for SEIS benefits), supply of a ‘service’ by units located in DTA to SEZ units was and shall continue to remain ineligible for rewards under SEIS as explained in para 3 above.

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