Prohibited importation of cosmetics without prior regulatory registration attracts seizure and confiscation; warehousing or re export claims do not cu...
Provisional release on security permitted where cash deposit plus bond secures differential duty; classification and treaty benefits referred for deci...
Customs Valuation Rule Sequence must be followed; single-comparator re-determination and penalties set aside without comparability or proof of mis-dec...
Separately Identifiable Services: transportation found to be the essential character, so Cargo Handling classification and extended limitation rejecte...
Introduction of a Closing Auction Session (CAS) in the equity cash segment replaces VWAP-based closing prices for securities with listed derivatives; SEBI mandates phased applicability, with CAS determining closing prices for derivative-underlying stocks and VWAP retained for others. CAS is a 20-minute separate session (3:153:35 pm) with specified sub-sessions, random order-entry closure, a VWAP-based reference price (3:003:15 pm) and +/-3% price bands. The equilibrium price mechanism (max executable volume; tie-breakers by unmatched quantity and proximity to reference price) governs price discovery, with market-order priority, carryover and modification rules for CTS limit orders, order-level margin requirements, disclosure obligations and SOP/operational alignment requirements for exchanges and clearing corporations.
Introduction of a Closing Auction Session (CAS) in the equity cash segment replaces VWAP-based closing prices for securities with listed derivatives; SEBI mandates phased applicability, with CAS determining closing prices for derivative-underlying stocks and VWAP retained for others. CAS is a 20-minute separate session (3:153:35 pm) with specified sub-sessions, random order-entry closure, a VWAP-based reference price (3:003:15 pm) and +/-3% price bands. The equilibrium price mechanism (max executable volume; tie-breakers by unmatched quantity and proximity to reference price) governs price discovery, with market-order priority, carryover and modification rules for CTS limit orders, order-level margin requirements, disclosure obligations and SOP/operational alignment requirements for exchanges and clearing corporations.
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