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Core Purpose

Notification under clause (bc) of section 2 of the Securities Contracts (Regulation) Act, 1956 specifying goods for the purposes of that Act, in supersession of an earlier notification.

Detailed Summary

The Ministry of Finance, Department of Economic Affairs, issued Notification S.O. 1002(E) dated 1st March 2024, exercising powers under clause (bc) of section 2 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956), to notify, in consultation with the Securities and Exchange Board of India (established under section 3 of the Securities and Exchange Board of India Act, 1992 (15 of 1992)), the goods specified in an appended Schedule for the purposes of that clause; this notification supersedes the earlier notification S.O. 3068(E) dated 27th September 2016 published in the Gazette of India, Extraordinary, Part-II, Section 3, sub-section (ii), except as respects things done or omitted to be done before such supersession; the Schedule lists goods across categories including Cereals and Pulses (e.g., Bajra, Gram, Wheat, Rice or Paddy), Oilseeds, Oilcakes and Oils (e.g., Groundnut, Soy, Sunflower complexes), Spices (e.g., Cardamom, Pepper, Turmeric), Fruits and Vegetables (Apple, Onion, Potato), Metals (e.g., Aluminium, Copper, Steel, Iron Ore), Precious Metals (Gold, Silver, Platinum, Palladium), Gems and Stones (Diamond), Forestry products, Fibres (Cotton, Jute), and Energy (Carbon Credit, Coal, Crude Oil, Electricity, Bio-fuel, Furnace Oil, Gasoline or Petrol, Diesel).

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-01032024-252552 EXTRAORDINARY PART II-Section 3-Sub-section (ii) PUBLISHED BY AUTHORITY No. 957] NEW DELHI, FRIDAY, MARCH 1, 2024/PHALGUNA 11, 1945 MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 1st March, 2024 S.O. 1002(E). In exercise of the powers conferred by clause (bc) of section 2 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956), and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Economic Affairs) number S.O. 3068(E), published in the Gazette of India, Extraordinary, Part-II, Section 3, sub-section (ii), dated the 27th September, 2016, except as respects things done or omitted to be done before such supersession, the Central Government, in consultation with the Securities and Exchange Board of India established under section 3 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), hereby notifies the goods specified in the Schedule for the purposes of clause (bc) of section 2 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956), namely: - SCHEDULE +---------+-------------------------------------------------------------+ | Sl. No. | Goods | +=========+=============================================================+ | (1) | (2) | +---------+-------------------------------------------------------------+ | (I) | CEREALS AND PULSES | +---------+-------------------------------------------------------------+ | 1. | Bajra | +---------+-------------------------------------------------------------+ | 2. | Barley | +---------+-------------------------------------------------------------+ | 3. | Gram (including Dal) | +---------+-------------------------------------------------------------+ | 4. | Jowar | +---------+-------------------------------------------------------------+ | 5. | Kulthi | +---------+-------------------------------------------------------------+ | 6. | Lakh (Khesari) | +---------+-------------------------------------------------------------+ | 7. | Maize or Corn | +---------+-------------------------------------------------------------+ | 8. | Masoor (including dals) | +---------+-------------------------------------------------------------+ | 9. | Moong and Products (including Chuni, Dal) | +---------+-------------------------------------------------------------+ | 10. | Moth | +---------+-------------------------------------------------------------+ | 11. | Peas (including Yellow Peas) | +---------+-------------------------------------------------------------+ | 12. | Ragi | +---------+-------------------------------------------------------------+ | 13. | Rice or Paddy (Including Basmati) | +---------+-------------------------------------------------------------+ | 14. | Small Millets (KodanKulti, Kodra, Korra, Vargu, Sawan, Rala, Kakun, Samai, Vari and Banti) | +---------+-------------------------------------------------------------+ | 15. | Tur or Arhar (Including Chuni, Dal) | +---------+-------------------------------------------------------------+ | 16. | Urad or Mash (Including Dal) | +---------+-------------------------------------------------------------+ | 17. | Wheat | +---------+-------------------------------------------------------------+ | (II) | OILSEEDS, OILCAKES AND OILS | +---------+-------------------------------------------------------------+ | 18. | Castor Complex (including seed, oil, oilcake) | +---------+-------------------------------------------------------------+ | 19. | Coconut or Copra complex (including seed or fruit, oil, oilcake) | +---------+-------------------------------------------------------------+ | 20. | Cottonseed complex (including seed, oil, oilcake) | +---------+-------------------------------------------------------------+ | 21. | Palm oil complex (including seed, oil, oilcake) | +---------+-------------------------------------------------------------+ | 22. | Groundnut complex (including nut, oil, oilcake) | +---------+-------------------------------------------------------------+ | 23. | Linseed complex (including seed, oil, oilcake) | +---------+-------------------------------------------------------------+ | 24. | Rapeseed Mustardseed complex (including seed, oil, oilcake, meal) | +---------+-------------------------------------------------------------+ | 25. | Rice bran complex (including bran, oil, oilcake) | +---------+-------------------------------------------------------------+ | 26. | Safflower complex (including seed, oil, oilcake) | +---------+-------------------------------------------------------------+ | 27. | Sesamum complex (including seed, oil, oilcake) | +---------+-------------------------------------------------------------+ | 28. | Soy complex (including bean, oil, oilcake, meal) | +---------+-------------------------------------------------------------+ | 29. | Sunflower complex (including seed, oil, oilcake) | +---------+-------------------------------------------------------------+ | (III) | SPICES | +---------+-------------------------------------------------------------+ | 30. | Aniseed | +---------+-------------------------------------------------------------+ | 31. | Cardamom | +---------+-------------------------------------------------------------+ | 32. | Celeryseed | +---------+-------------------------------------------------------------+ | 33. | Chillies | +---------+-------------------------------------------------------------+ | 34. | Cinnamon | +---------+-------------------------------------------------------------+ | 35. | Cloves | +---------+-------------------------------------------------------------+ | 36. | Coriander seed | +---------+-------------------------------------------------------------+ | 37. | Garlic | +---------+-------------------------------------------------------------+ | 38. | Ginger | +---------+-------------------------------------------------------------+ | 39. | Jeera (Cumin seed) | +---------+-------------------------------------------------------------+ | 40. | Methi | +---------+-------------------------------------------------------------+ | 41. | Nutmegs | +---------+-------------------------------------------------------------+ | 42. | Pepper | +---------+-------------------------------------------------------------+ | 43. | Turmeric | +---------+-------------------------------------------------------------+ | (IV) | FRUITS AND VEGETABLES | +---------+-------------------------------------------------------------+ | 44. | Apple | +---------+-------------------------------------------------------------+ | 45. | Onion | +---------+-------------------------------------------------------------+ | 46. | Potato | +---------+-------------------------------------------------------------+ | (V) | METALS | +---------+-------------------------------------------------------------+ | 47. | Aluminium and Aluminium Alloys | +---------+-------------------------------------------------------------+ | 48. | Brass | +---------+-------------------------------------------------------------+ | 49. | Copper and Copper Alloys | +---------+-------------------------------------------------------------+ | 50. | Iron Ore | +---------+-------------------------------------------------------------+ | 51. | Lead and Lead Alloys | +---------+-------------------------------------------------------------+ | 52. | Manganese | +---------+-------------------------------------------------------------+ | 53. | Nickel and Nickel Alloys | +---------+-------------------------------------------------------------+ | 54. | Pig Iron | +---------+-------------------------------------------------------------+ | 55. | Sponge Iron | +---------+-------------------------------------------------------------+ | 56. | Steel | +---------+-------------------------------------------------------------+ | 57. | Tin | +---------+-------------------------------------------------------------+ | 58. | Zinc and Zinc Alloys | +---------+-------------------------------------------------------------+ | (VI) | PRECIOUS METALS | +---------+-------------------------------------------------------------+ | 59. | Gold (including variants such as coins, bars, etc.) | +---------+-------------------------------------------------------------+ | 60. | Palladium (including variants such as coins, bars, etc.) | +---------+-------------------------------------------------------------+ | 61. | Platinum (including variants such as bars, etc.) | +---------+-------------------------------------------------------------+ | 62. | Silver (including variants such as coins, bars, etc.) | +---------+-------------------------------------------------------------+ | (VII) | GEMS AND STONES | +---------+-------------------------------------------------------------+ | 63. | Diamond | +---------+-------------------------------------------------------------+ | (VIII) | FORESTRY | +---------+-------------------------------------------------------------+ | 64. | Betelnuts | +---------+-------------------------------------------------------------+ | 65. | Seedlac | +---------+-------------------------------------------------------------+ | 66. | Shellac | +---------+-------------------------------------------------------------+ | 67. | Processed products of Bamboo | +---------+-------------------------------------------------------------+ | 68. | Processed products of Timber | +---------+-------------------------------------------------------------+ | (IX) | FIBRES | +---------+-------------------------------------------------------------+ | 69. | Art Silk Yarn | +---------+-------------------------------------------------------------+ | 70. | Cotton complex (including Kapas, fibre, loose, half-pressed, full-pressed, yarn, pods, cloth) | +---------+-------------------------------------------------------------+ | 71. | Jute and Jute goods (including raw jute, mesta, hessian, sackings, cloth, bags, twines, yarns and any | | | other products made of jute) | +---------+-------------------------------------------------------------+ | 72. | Staple Fibre Yarn | +---------+-------------------------------------------------------------+ | (X) | ENERGY | +---------+-------------------------------------------------------------+ | 73. | Carbon Credit | +---------+-------------------------------------------------------------+ | 74. | Coal (including variants such as coking, thermal, lignite, etc.) | +---------+-------------------------------------------------------------+ | 75. | Crude Oil | +---------+-------------------------------------------------------------+ | 76. | Electricity | +---------+-------------------------------------------------------------+ | 77. | Bio-fuel (Including Ethanol, Bio-diesel) | +---------+-------------------------------------------------------------+ | 78. | Furnace Oil | +---------+-------------------------------------------------------------+ | 79. | Gasoline or Petrol | +---------+-------------------------------------------------------------+ | 80. | Diesel | +---------+-------------------------------------------------------------+ | 81. | Methanol | +---------+-------------------------------------------------------------+ | 82. | Natural Gas | +---------+-------------------------------------------------------------+ | (XI) | CHEMICALS | +---------+-------------------------------------------------------------+ | 83. | Bitumen | +---------+-------------------------------------------------------------+ | 84. | Polymer | +---------+-------------------------------------------------------------+ | (XII) | CONSTRUCTION | +---------+-------------------------------------------------------------+ | 85. | Cement | +---------+-------------------------------------------------------------+ | (XIII) | SWEETENERS | +---------+-------------------------------------------------------------+ | 86. | Gur | +---------+-------------------------------------------------------------+ | 87. | Sugar (including S, M and other grades and khandsari) | +---------+-------------------------------------------------------------+ | (XIV) | PLANTATION | +---------+-------------------------------------------------------------+ | 88. | Cocoa | +---------+-------------------------------------------------------------+ | 89. | Coffee | +---------+-------------------------------------------------------------+ | 90. | Rubber | +---------+-------------------------------------------------------------+ | 91. | Tea | +---------+-------------------------------------------------------------+ | (XV) | DAIRY AND POULTRY | +---------+-------------------------------------------------------------+ | 92. | Eggs | +---------+-------------------------------------------------------------+ | 93. | Skimmed Milk Powder | +---------+-------------------------------------------------------------+ | 94. | White Butter | +---------+-------------------------------------------------------------+ | (XVI) | DRY FRUITS | +---------+-------------------------------------------------------------+ | 95. | Cashew | +---------+-------------------------------------------------------------+ | 96. | Almond | +---------+-------------------------------------------------------------+ | (XVII) | ACTIVITIES, SERVICES, RIGHTS, INTERESTS AND EVENTS | +---------+-------------------------------------------------------------+ | 97. | Freight including trucks, waterways, railways, airways | +---------+-------------------------------------------------------------+ | 98. | Weather | +---------+-------------------------------------------------------------+ | (XVIII) | OTHERS | +---------+-------------------------------------------------------------+ | 99. | Camphor | +---------+-------------------------------------------------------------+ | 100. | Chara or Berseem (including chara seed or berseem seed) | +---------+-------------------------------------------------------------+ | 101. | Gram Husk (Gram Chilka) | +---------+-------------------------------------------------------------+ | 102. | Guar Seed and products (including Guar Gum split, Guar Gum powder, Korma, Churi) | +---------+-------------------------------------------------------------+ | 103. | Isabgol | +---------+-------------------------------------------------------------+ | 104. | Mentha Oil and Products (including Crystals, Flakes, etc.). | +---------+-------------------------------------------------------------+ [No. 17/2/2016-CD (part -II)] Ms. SURBHI JAIN, Jt. Secy.

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