Revisability of return invalidation communications under tax procedure affirmed, impugned non revisional finding quashed and matter remitted for fresh...
Transferable duty credit scrips validity and bona fide transferee entitlement to exemption upheld where scrips were subsisting at import, appeals allo...
Classification of knocked down motor vehicle component imports: Notification benefit denied because items are standalone non kit parts requiring subst...
Regulation 9(f) is amended to replace wording permitting credit rating agencies to carry out specified other activities and to rate financial instruments under guidelines of a financial sector regulator or authority with wording allowing CRAs to carry out any other activity as may be specified by the Board and to rate instruments falling within the purview of any other financial sector regulator or authority, operative effect: CRAs may perform additional Board-specified activities and rate instruments under the regulatory purview of other regulators. The Explanation is substituted to require such ratings to conform to the respective regulator's rating guidelines and be under that regulator's purview, operative effect: ratings by CRAs must follow and remain subject to the applicable regulator's guidelines and oversight. The existing proviso is omitted, operative effect: the prior proviso no longer applies.
Regulation 9(f) is amended to replace wording permitting credit rating agencies to carry out specified other activities and to rate financial instruments under guidelines of a financial sector regulator or authority with wording allowing CRAs to carry out any other activity as may be specified by the Board and to rate instruments falling within the purview of any other financial sector regulator or authority, operative effect: CRAs may perform additional Board-specified activities and rate instruments under the regulatory purview of other regulators. The Explanation is substituted to require such ratings to conform to the respective regulator's rating guidelines and be under that regulator's purview, operative effect: ratings by CRAs must follow and remain subject to the applicable regulator's guidelines and oversight. The existing proviso is omitted, operative effect: the prior proviso no longer applies.
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