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Notifications/Circulars

CBIC notifies Rate of Exchange of Foreign Currencies wef 2.10.2020

October 1, 2020 1914 Views 0 comment Print

CBIC notifies Rate of Exchange of Foreign Currencies against India Rupees wef 2nd October, 2020 vide Notification No. 95/2020-Customs (N.T.), Dated: 1st October, 2020. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No. 95/2020-Customs (N.T.) New Delhi, dated the 1st October, 2020 9 Asvina 1942 (SAKA) […]

Steel manufacturers allowed to claim Duty Drawback

October 1, 2020 1020 Views 0 comment Print

 Steel manufacturers can also claim Duty Drawback on steel supplied through their Service Centers/ Distributors/ Dealers/ Stock yards. Notification No. 35/2015-2020-DGFT dated 1st October, 2020 Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhavan, New Delhi ******* Notification No. 35/2015-2020-DGFT Dated the 1st October, 2020 Subject: […]

Without AFA, an IP is not eligible to undertake assignments: IBBI

October 1, 2020 1224 Views 0 comment Print

one of the essential conditions for undertaking any assignment by an IP is that he should have a valid AFA which is issued by the IPA with which he is enrolled. In other words, without AFA, an IP is not eligible to undertake assignments or conduct various processes thereof after 31st December, 2019. Regulation 7A was […]

SEBI relaxes timelines for compliance with regulatory requirements

October 1, 2020 987 Views 0 comment Print

In view of the prevailing situation due to Covid-19 pandemic and representation received from the Stock Exchanges, it has been decided to further extend the timelines for compliance with the regulatory requirements by the trading members / clearing members, mentioned in the SEBI circulars, as under:

SEBI Framework for monitoring of foreign holding in Depository Receipts

October 1, 2020 792 Views 0 comment Print

Listed Company shall appoint one of the Indian Depository as the Designated Depository for the purpose of monitoring of limits in respect of Depository Receipts. The Designated Depository in co-ordination with Domestic Custodian, other Depository and Foreign Depository (if required) shall compute, monitor and disseminate the Depository Receipts (DRs) information as prescribed in the framework.

Govt notifies Import Quota of 1.5 Lakh MT of Urad till 31.03.2021

October 1, 2020 564 Views 1 comment Print

Vide notification No. S.O. 3446(E) dated 1st October, 2020 Government notifies Quota of 1.5 Lakh MT of Urad, to be imported till 31st March, 2021. MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) NOTIFICATION New Delhi, the 1st October, 2020 S.O. 3446(E).—In exercise of powers conferred by section 3 of the Foreign Trade (Development and […]

SEBI extends time to submit Undertaking by TM/CM for bank accounts

October 1, 2020 333 Views 0 comment Print

It has been decided to extend the timeline for submission of the Undertaking cum Indemnity bond by the TM / CM for all the bank accounts by a period of one month i.e. till October 31, 2020.

Review of provisions regarding valuation of debt & money market instruments

October 1, 2020 342 Views 0 comment Print

In line with the same, discretion needs to be provided to valuation agencies engaged by AMCs/AMFI for recognition of default in case proposal of restructuring of debt is solely due to COVID-19 related stress. For the said purpose, any proposal of restructuring received by Debenture Trustees shall be communicated to investors immediately.

Additional details to obtain AROs under domestic procurement of steel at export parity price by MSME exporters of EEPC

October 1, 2020 981 Views 0 comment Print

MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE,) New Delhi, the 1st October, 2020 PUBLIC NOTICE  NO. 23/2015-2020-DGFT Subject:  Additional details to obtain AROs under domestic procurement of steel at export parity price by MSME exporters of EEPC – regarding. F. No. 01/94/180/302/AM20/PC-4.—In exercise of the powers conferred under Paragraph […]

Procedure for allocation of quota for import of Urad

October 1, 2020 513 Views 0 comment Print

The eligible and verified applicants who have been issued licenses will have to ensure that the import consignment of Urad reaches the Indian ports on or before 31.03.2021. Any request for extension of time will not be entertained.

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