Authentication of paper assessment orders upheld, while qualifying repairs, consumables and vendor advance write-offs remain deductible business claim...
Transaction value cannot be rejected solely on non-statutory valuation guidelines without corroborative evidence supporting reassessment of final cust...
Cross-examination rights and corroborated evidence limit customs penalties for misdeclaration in genuine import transactions involving documented clea...
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SEBI issued a circular on eligibility criteria for launching Options with Commodity Futures as underlying by Stock Exchanges with commodity derivative segments. The average daily turnover required for agricultural and agri-processed commodities is reduced to INR 100 crore from INR 200 crore. Stock Exchanges must implement this for Options on Futures contracts introduced after June 1, 2024. Amendments to bye-laws, rules, and regulations are necessary. The circular is u/s 11(1) of the SEBI Act 1992 to protect investor interests and regulate the securities market.
SEBI issued a circular on eligibility criteria for launching Options with Commodity Futures as underlying by Stock Exchanges with commodity derivative segments. The average daily turnover required for agricultural and agri-processed commodities is reduced to INR 100 crore from INR 200 crore. Stock Exchanges must implement this for Options on Futures contracts introduced after June 1, 2024. Amendments to bye-laws, rules, and regulations are necessary. The circular is u/s 11(1) of the SEBI Act 1992 to protect investor interests and regulate the securities market.
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