Notifications & Circulars
Ministry of Commerce and Industry
11.04.2019
Commercial
Extension of validity of Pre-shipment Inspection Agencies
MANU/DGFT/0056/2019
In exercise of powers conferred under paragraph 2.04 of the Foreign Trade Policy (2015-20), the Director General of Foreign Trade in relaxation of the provision as in Para 2.55 (d) of the Handbook of Procedure, 2015-20, notifies as under:-
The validity of recognition of the Pre-shipment Inspection Agencies (PSIAs) included in the Appendix 2G of Appendices and Aayat Niryat Forms (A&ANF) of Foreign Trade Policy (2015-20) who have completed their tenure of three years as on date or whose validity would expire on or before 30.06.2019, is extended upto 30.06.2019.
Effect of this Public Notice: Validity of the Pre-shipment Inspection Agencies (PSIAs) as listed in the Appendix 2G of A&ANF, whose validity expires on or before 30.06.2019, is extended up to 30.06.2019.
Tags : Pre-shipment Inspection Extension Validity
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Ministry of Finance
10.04.2019
Goods and Services Tax
Extension of time limit for furnishing the return by a registered person required to deduct tax at source in Form GSTR-7
MANU/CGST/0020/2019
In exercise of the powers conferred by sub-section (6) of section 39 read with section 168 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereinafter referred to as the said Act), the Commissioner hereby extends the time limit for furnishing the return by a registered person required to deduct tax at source under the provisions of section 51 of the said Act in FORM GSTR-7 of the Central Goods and Services Tax Rules, 2017 under sub-section (3) of section 39 of the said Act read with rule 66 of the Central Goods and Services Tax Rules, 2017 for the month of March, 2019 till the 12th day of April, 2019.
Tags : Return Time limit Extension
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Press Information Bureau
10.04.2019
Media and Communication
FTII announces course in Film Criticism and the Art of Review
MANU/PIBU/0482/2019
Breaking yet another new ground, Film and Television Institute of India (FTII) Pune has announced, for the first time, a course in Film Criticism and the Art of Review.
The 20-day Course would be conducted from 28th May to 19th June, 2019 in Delhi in association with Indian Institute of Mass Communication (IIMC), Delhi.
Talking about the course, Shri Bhupendra Kainthola, Director, FTII, said that it meets a long-standing demand of cinema critics, film reviewers, film bloggers, research scholars, film academics and just about anyone who has more than ordinary interest in cinema. He added that one needs to know how to 'read' a film in order to review it, the tools for which will be provided through this course.
The course would be helmed by Bhopal-based filmmaker Ms. Rajula Shah, an FTII alumnus. She studied film direction at FTII from 1997 to 2000. Her film practice emerges from an intense dialogue with the various arts, schools of thought and philosophies through a close collaboration with people, their work and contexts. Her special interest of study and work is in the expanding scope of the film practice & the digital arts.
Talking about the course, Ms. Shah said that it has been designed to provide a basic grounding in the discipline of Film Criticism and to train the participants into becoming a serious viewers of Cinema. She added that the course includes the study of significant films in the history of cinema through the prism of critical thinking.
The Course is being conducted under FTII's countrywide film education outreach initiative SKIFT (Skilling India in Film and Television) under which over 135 short-term courses have been held in 37 cities across the country covering over 5800 learners.
The Course is open to all, with no age bar. Last date for applying is 22nd April 2019. Accommodation will be made available on request for selected participants coming from outside Delhi. Course details are available on www.ftii.ac.in
Tags : Film Criticism Course Announcement
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Securities and Exchange Board of India
10.04.2019
Capital Market
Facility of “Basic Services Demat Account" (BSDA) with limited services introduced
MANU/SDEP/0004/2019
1. SEBI vide circulars CIR/MRD/DP/22/2012 dated August 27, 2012 and CIR/MRD/DP/20/2015 dated December 11, 2015, introduced the facility of "Basic Services Demat Account" (BSDA) with limited services for eligible individuals with the objective of achieving wider financial inclusion and to encourage holding of demat accounts.
2. In order to further boost participation in Debt Market and based on representation received from market participants, in partial modification of the abovementioned SEBI circulars, it has been decided to revise the structure of charges for debt securities as defined in SEBI (Issue and Listing of Debt Securities) Regulations, 2008, as given below:
a) No AMC shall be levied in case the value of holdings of debt securities is up to Rs. 1 lakh and a maximum AMC of Rs. 100 shall be levied if the value of holdings of debt securities is between Rs. 1,00,001 and Rs.2,00,000.
and
b) No AMC shall be levied in case the value of holdings other than debt securities is below Rs. 50,000 and a maximum AMC of Rs. 100 shall be levied if the value of holdings other than debt securities is between Rs.50,001 and Rs.2,00,000.
3. This circular shall come into effect from June 01, 2019.
4. The Depositories are advised to:-
a) make amendments to the relevant bye-laws, rules and regulations for the implementation of the above decision as may be applicable / necessary; and
b) communicate to SEBI, the status of implementation of the provisions of this circular by the DPs in the Monthly Development Report.
5. This circular is being issued in exercise of the powers conferred by Section 11 (1) of Securities and Exchange Board of India Act, 1992 and section 19 of the Depositories Act, 1996 to protect the interest of investors in securities and to promote the development of, and to regulate, the securities market.
Tags : BSDA limit Debt Securities Introduction
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Ministry of Finance
09.04.2019
Direct Taxation
Central Government notifies 'Mysore Palace Board', Karnataka, a board constituted by the Government of Karnataka, in respect of the specified income arising to that Board
MANU/CBDT/0041/2019
S.O.1537(E).--In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, 'Mysore Palace Board', Karnataka, a board constituted by the Government of Karnataka, in respect of the following specified income arising to that board, namely:-
(a) Income from Palace or proceeds of any property vested in the Board;
(b) All fees and charges levied by the Board under the Mysore Palace (Acquisition and Transfer) Act, 1998 and forming part of the Board fund;
(c) Rent received from the stalls let out to Government Agencies; and
(d) Interest earned on (a) to (c) above.
2. This notification shall be effective subject to the conditions that Mysore Palace Board, Karnataka,-
(a) shall not engage in any commercial activity;
(b) activities and the nature of the specified income shall remain unchanged throughout the financial years; and
(c) shall file return of income in accordance with the provision of clause (g) of sub-section (4C) of section 139 of the Income-tax Act, 1961.
3. This notification shall apply with respect to the assessment years 2019-2020, 2020-2021, 2021-2022, 2022-2023 and 2023-2024.
Tags : Board Constitution Income from Palace
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Ministry of Finance
09.04.2019
Customs
Phasing out of physical copies of Merchandise Exports from India Scheme (MEIS)/Services Exports from India Scheme (SEIS) Duty Credit Scrips issued with EDI port as Port of registration
MANU/CUCR/0011/2019
In order to enhance the ease of doing business for exporters, DGFT has decided to phase out physical copies of MEIS and SEIS Duty Credit Scrips issued with EDI port as port of registration. DGFT has issued Public Notice No. 84/2015-2020 dated 03.04.2019 and Trade Notice No. 03/2015-2020 dated 03.04.2019 notifying this change. This shall come into effect for MEIS/SEIS duty credit scrips issued by DGFT from 10.04.2019 onwards for cases where the port of registration is an EDI port. As you are aware, DGFT has also created a facility vide Trade Notice No. 42/2015-2020 dated 11.01.2019 regarding mandatory recording of information on DGFT website about transfer and current ownership details of MEIS/SEIS scrips issued from 14.01.2019 onwards.
2. MEIS/SEIS duty credit scrips shall continue to be transmitted electronically by DGFT to the Customs system. The details of the said scrips would be visible in ICES to concerned officers involved in import of goods i.e. registration of the scrips, assessment of Bill of Entry, giving out of charge to imported goods, etc.
3. For registration, assessment and debiting of scrips, the current procedure as per the extant Circular No. 12/2016-Customs dated 28.03.2016 shall continue to be followed except that instead of presenting physical copy of the MEIS/SEIS scrips printed on security paper, the current owner or his authorized representative shall approach the proper officer of Customs with details of the MEIS/SEIS scrip such as IEC number, scrip number etc. As regard verification of ownership of scrip, same will be checked from the DGFT website referred above.
4. All debits in respect of the paperless scrips shall be made in ICES only and no physical debits would be required on the copy of scrips. In view of condition in the relevant exemption notifications under the Customs Act, 1962 and Central Excise Act, 1944 prescribing that the scrip shall be produced before proper officer of Customs at the time of clearance and debiting of the duties leviable on the goods, the correctness of the debits made electronically in ICES shall continue to be verified by the proper officer.
5. No TRA shall be issued in respect of these paperless scrips issued electronically by DGFT. Consequently, such paperless scrips issued for EDI ports cannot be used for making imports at non-EDI ports. DGFT shall continue to issue scrips in physical form on security paper as per current practice for non-EDI ports. The facility of TRA would be available for such physical scrips for making imports at other EDI/non-EDI ports.
6. For procurement of goods from domestic manufacturer on payment of Central Excise duty, the exemption notifications No. 20/2015-Central Excise and No. 21/2015-Central Excise both dated 08.04.2015 prescribe detailed procedure for debiting of scrip, endorsement by Central Excise officer etc. In view of doing away of physical copy of MEIS/SEIS duty credit scrips, suitable changes in the prescribed procedure have been notified vide Notification No. 01/2019-Central Excise dated 09.04.2019.
7. A suitable Trade Notice and Standing Order may be issued for the guidance of the trade and staff. Difficulties faced, if any, in implementation of the Circular may be immediately brought to the notice of the Board.
Tags : Physical copies Merchandise Exports Phasing out
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Press Information Bureau
08.04.2019
Election
ECI Advisory to media - Refrain from telecasting/publishing programmes with respect to prediction of results in any form during the prohibited period
MANU/PIBU/0481/2019
The Election Commission of India has issued an advisory to all the media (electronic and print) to refrain from telecasting/publishing programmes which in any way whatsoever predict the results of the elections during the prohibited period under 126A to ensure free, fair and transparent election.
The Commission is of the view that prediction of results of elections in any form or manner by way of predictions etc. by Astrologers, Tarot Readers, Political Analysts or by any persons during the prohibited period is violation of the spirit of Section 126A which aims to prevent the electors of constituencies still going to polls from being influenced in their voting by such predictions about the prospects of the various political parties.
All the media (Electronic and Print) are advised not to publish/publicize any such article/programme related to the dissemination of results, during the prohibited period i.e. between 7.00 AM on 11.04.2019 (Thursday) and upto 6.30 PM on 19.05.2019 (Sunday) in the current General Elections to the Lok Sabha and State legislative assemblies of Andhra Pradesh, Arunachal Pradesh, Odisha & Sikkim, 2019 and the Assembly bye-elections being held in several states.
Tags : Prediction Results Media Prohibition
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