Transaction value rejection requires reliable corroboration; refundable VAT is excluded and temporary registration does not defeat new-vehicle exempti...
Appellate jurisdiction remains available where a wrist-worn gold ornament cannot conclusively be characterised as imported baggage at the preliminary ...
Written complaint requirement bars cognizance on police reports for securities offences, while unsupported breach of trust and cheating allegations fa...
Risk-based postal import clearance standardises electronic assessment, document requests, duty realisation and delivery controls at Foreign Post Offic...
Customs Cargo Service Provider appointment extends custodianship to additional terminal land, subject to cargo-control, security and licence condition...
This circular outlines measures to strengthen the equity index derivatives framework for increased investor protection and market stability. Key points include mandating upfront collection of option premiums from buyers, removing calendar spread treatment on expiry days, introducing intraday monitoring of position limits, increasing minimum contract size to Rs. 15-20 lakhs for new index derivatives, allowing only one weekly expiry index derivative per exchange, and levying additional extreme loss margin of 2% on short options expiring that day. These changes aim to address risks from excessive speculative trading in index options nearing expiry, ensure suitability for investors, and promote basic risk management practices. Implementation timelines range from November 2024 to April 2025 for different measures.
This circular outlines measures to strengthen the equity index derivatives framework for increased investor protection and market stability. Key points include mandating upfront collection of option premiums from buyers, removing calendar spread treatment on expiry days, introducing intraday monitoring of position limits, increasing minimum contract size to Rs. 15-20 lakhs for new index derivatives, allowing only one weekly expiry index derivative per exchange, and levying additional extreme loss margin of 2% on short options expiring that day. These changes aim to address risks from excessive speculative trading in index options nearing expiry, ensure suitability for investors, and promote basic risk management practices. Implementation timelines range from November 2024 to April 2025 for different measures.
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