Guidelines for launching of prosecution in relation to offences punishable under Customs Act
Posted Date : 07-Mar-2017 , 07:16:08 am | Posted By: CASANSAAR
I am directed to invite the attention of the field formations to the prosecution guidelines issued by the Ministry vide Circular No. 27/2015-Customs dated 23.10.2015 (further amended vide Circular No. 46/2016-Customs dated 04.10.2016) revising the guidelines issued vide order No.394/71/97-CUS (AS) dated 22.06.1999....
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Custom |
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appointment of officer for discharge of various duties
Posted Date : 03-Mar-2017 , 09:32:09 pm | Posted By: Md Irsad Alam
In exercise of the powers conferred by sub-section (1) of section 4 and subsection (1) of section 5 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby appoints officer to exercise the powers and discharge duties conferred or imposed on officers, for purpose of adjudication of show cause notice....
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Custom |
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Courier Imports and Exports (Clearance) Amendment Regulations, 2017
Posted Date : 03-Mar-2017 , 09:29:58 pm | Posted By: Md Irsad Alam
In exercise of the powers conferred by section 157 of the Customs Act,1962 (52 of 1962), the Central Board of Excise and Customs hereby makes the following regulations, further to amend the Courier Imports and Exports (Clearance) Regulations, 1998, namely:-
These regulations may be called the Courier Imports and Exports (Clearance) Amendment Regulations, 2017.
In the Courier Imports and Exports (Clearance) Regulations, 1998, in regulation 6, in the sub- regulation (3), for the first proviso, t...
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Custom |
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Revised Exchange rate for conversion of foreign currencies.
Posted Date : 03-Mar-2017 , 08:51:45 pm | Posted By: Md Irsad Alam
In exercise of power conferred by section 14 of custom act, 1962, CBEC notified revise rate of exchange for conversion of foreing currencies relating to import and export goods....
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Custom |
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Service tax payable by way of admission to museum
Posted Date : 03-Mar-2017 , 08:45:18 pm | Posted By: Md Irsad Alam
Whereas, Central Government is satisfied that in the period commencing on and from the 1st day of july, 2012 and ending with 31st march, 2015 (hereinafter referred as the said period), according to the practice that was generally prevalent, there was non levy of service tax by way of admission to museum and this service was liable to service tax, in said period, which was not being paid according to the said practice.
Now, therefore, in exercise of power conferred by section 11C of Central Exci...
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Service Tax |
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Extension of benefit of exportation and reimporting of cut and polished diamonds at zero duty
Posted Date : 03-Mar-2017 , 03:05:26 pm | Posted By: Md Irsad Alam
CBEC vide notification extended benefit of exportation and reimportation of cut and polished diamonds at zero duty to authorised offices or agencies in India of laboratories mentioned in paragraph 4.74 of Handbook procedures 2015-20....
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Custom |
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Infrastructure Financing- Definition of 'Infrastructure Lending'
Posted Date : 03-Mar-2017 , 07:52:00 am | Posted By: CASANSAAR
RBI/2016-17/242
DNBR.PD.CC.No.085/03.10.001/2016-17
March 2, 2017
All Non-Banking Financial Companies
Dear Sir/ Madam,
Infrastructure Financing- Definition of 'Infrastructure Lending'
Please refer to the definition of 'Infrastructure Lending' contained in theNon-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016andNon-Banking Financial Company – Non-Systemically Important N...
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RBI |
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Financial Literacy by FLCs (Financial Literacy Centres) and rural branches - Policy Review
Posted Date : 03-Mar-2017 , 07:50:59 am | Posted By: CASANSAAR
RBI/2016-17/236
FIDD.FLC.BC.No.22/12.01.018/2016-17
March 02, 2017
To Chairman/MD & CEO
Scheduled Commercial Banks
(Including RRBs)
Dear Sir/Madam,
Financial Literacy by FLCs (Financial Literacy Centres) and rural branches - Policy Review
Please refer to ourcircular FIDD.FLC.BC.No.18/12.01.018/2015-16 dated January 14, 2016on guidelines for FLCs and rural branches. In terms of this circular, FLCs and rural branches were advised to conduct two types of camps viz. - Special c...
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RBI |
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Export of cut & polished diamonds with re-import facility at zero duty
Posted Date : 01-Mar-2017 , 10:23:24 pm | Posted By: Md Irsad Alam
In excercise of the powers conferred by sub-section (1) of section 25 of the Custom Act, 1962, the Central Government, being satisfied that it is necessary in the publice interest so to do, hereby makes the following further amendments in the notification of the Government of India No. 9/2012, namely-
in said notification,
(a) After the proviso to condition (v), the following paragraph shall be inserted, namely-
"2. Notwithstanding anything contained herein above, the exemption contained in ...
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Custom |
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Acceptance of e-BRC of DGFT towards proof of realization of sale proceeds for exports with LEO date upto 31.03.2014 under drawback scheme
Posted Date : 01-Mar-2017 , 07:58:04 am | Posted By: CASANSAAR
Attention is invited to Board’s Circular No. 5/2009-Customs dated 2.2.2009 which prescribes Bank Realization Certificate (BRC) as one of the documents that may be submitted to Customs by the exporters as proof of realization of sale proceeds for exports. Further, for exports with LEO date from 01.04.2014 onwards, an electronic system of reconciliation of sale proceeds (RBI-BRC module) is made functional by DG (Systems) in coordination with Reserve Bank of India (RBI), which has been dealt ...
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Category :
Custom |
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Classification of articles of paper and printing industry
Posted Date : 24-Feb-2017 , 01:49:51 pm | Posted By: CASANSAAR
...
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Category :
Excise |
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Sovereign Gold Bonds, 2016-17 – Series IV - Operational Guidelines
Posted Date : 24-Feb-2017 , 08:10:03 am | Posted By: CASANSAAR
RBI/2016-17/235
IDMD.CDD.No.2188/14.04.050/2016-17
February 23, 2017
The Chairman & Managing Director
All Scheduled Commercial Banks
(Excluding RRBs)
Designated Post Offices
Stock Holding Corporation of India ltd.(SHCIL)
National Stock Exchange of India Ltd. & Bombay Stock Exchange Ltd.
Dear Sir/Madam,
Sovereign Gold Bonds, 2016-17 – Series IV - Operational Guidelines
This has reference to theGoI notification F.No. 4(16)-B(W&M)/2016andRBI circular IDMD.CDD....
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RBI |
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Online Verification of Cash Transactions, 2016 in ITBA
Posted Date : 23-Feb-2017 , 08:01:38 am | Posted By: CASANSAAR
EFS Instruction No. 61
Tel: 0120-2770029, Fax: 0120-2770452
Email:adg2.systems@incometaxindia.gov.in
DIRECTORATE OF INCOME TAX (SYSTEMS)
ARA Centre, Ground Floor, E-2, Jhandewalan Extension,
Delhi-110055
F. No. DGIT(S)-ADG(S)-2/Online verification of Cash Transactions/157/2016
Dated 21.02.2017
To
The Pr. Chief Commissioner of Income Tax (CCA),
Ahmedabad/Bangalore/Bhopal/Bhubaneswar/Chandigarh/Chennai/Delhi/Guwahati/
Hyderabad/Jaipur/Kochi/Kolkata/Kanpur/Luc...
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Income Tax |
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CBDT amended Section 138 with effect from 23.05.2003
Posted Date : 22-Feb-2017 , 08:38:50 am | Posted By: CASANSAAR
S.0 (E).-In exercise of the powers conferred by sub-section (2) of section 138 of the Income-tax Act, 1961 (43 of 1961), the Central Government, having regard to all the relevant factors, hereby makes the following amendment in the notification of Government of India in the Ministry of Finance, Department of Revenue (Central Board of Direct Taxes) published in the Gazette of India, Part II, Section 3, Sub-section(ii) vide number S.O. 576(E), dated the 23rd of May, 2003, namely:-
In the said n...
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CBDT |
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Services by way of treatment of effluent in the period from the 1st of July 2012 to 31st of March 2015
Posted Date : 21-Feb-2017 , 01:35:47 pm | Posted By: CASANSAAR
Services by way of treatment of effluent in the period from the 1st of July 2012 to 31st of March 2015...
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Category :
Service Tax |
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Issuance of Rupee denominated bonds overseas – Multilateral and Regional Financial Institutions as Investors
Posted Date : 19-Feb-2017 , 08:33:27 pm | Posted By: CASANSAAR
RBI/2016-17/233
A. P. (DIR Series) Circular No.31
February 16, 2017
To
All Authorised Dealer Category – I Banks
Madam/Sir
Issuance of Rupee denominated bonds overseas – Multilateral and Regional
Financial Institutions as Investors
Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to paragraph No. 4 ofA. P. (DIR Series) Circular No. 60 dated April 13, 2016and paragraph No. 3.3.3 ofMaster Direction No.5 dated January 1, 2016on ‘Externa...
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RBI |
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Forward Rate Agreement (FRA) and Interest Rate Swap (IRS) - Withdrawal of Fortnightly return
Posted Date : 19-Feb-2017 , 08:32:06 pm | Posted By: CASANSAAR
RBI/2016-17/232
FMRD.DIRD.13/14.01.019/2016-17
February 16, 2017
To,
All Market Participants
Madam/Sir,
Forward Rate Agreement (FRA) and Interest Rate Swap (IRS) - Withdrawal of Fortnightly return
Attention is invited to theRBI notification ref. no. MPD.BC.187/07.01.279/1999-2000 dated July 07, 1999. As per the notification, banks were advised to submit a fortnightly return on FRA/IRS to Monetary Policy Department with a copy to various RBI departments.
2. In a further step t...
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RBI |
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Repayment of Gold Loan - RBI
Posted Date : 19-Feb-2017 , 08:30:56 pm | Posted By: CASANSAAR
RBI/2016-17/229
DBR.RRB.BC.No. 53/31.01.001/2016-17
February 16, 2017
All Regional Rural Banks
Dear Sir / Madam,
Repayment of Gold Loan
Please refer tocircular RPCD.CO.RRB.BC.No.22/03.05.34/2010-11 dated September 22, 2010wherein Regional Rural Banks (RRBs) were permitted to grant gold loans up to Rs.1.00 lakh with bullet repayment option.
2. On a review, it has been decided to increase the...
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RBI |
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Reimbursement of Merchant Discount Rate - RBI
Posted Date : 19-Feb-2017 , 08:30:06 pm | Posted By: CASANSAAR
RBI/2016-17/228
DGBA.GAD.No.2128/44.02.001/2016-17
February 16, 2017
All Agency Banks
Dear Sir,
Reimbursement of Merchant Discount Rate
The Government of India (GoI) has decided to absorb the Merchant Discount Rate (MDR) charges in respect of debit card transactions while making payments to GoI. The Office Memoranda issued by the Office of Controller General of Accounts datedDecember 14and15, 2016 and Central Board of Direct Taxes datedJanuary 30, 2017in this regard are enclosed....
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Category :
RBI |
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Applicability of service tax on the services by way of transportation of goods by a vessel from a place outside India to the customs station in India
Posted Date : 18-Feb-2017 , 08:22:11 am | Posted By: May I Help You.
Applicability of service tax on the services by way of transportation of goods by a vessel from a place outside India to the customs station in India w.r.t. goods intended for transhipment to any country outside India - reg
Representations seeking clarification on levy of service tax on the services by way of transportation of goods by a vessel from a place outside India to the customs station in India with respect to goods intended for transshipment to any country outside India...
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Category :
Service Tax |
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Expansion of 24x7 customs clearance and clarification of levy of MOT charges in CFSs attached to 24x7 port
Posted Date : 18-Feb-2017 , 08:20:31 am | Posted By: May I Help You.
CBEC had on a pilot basis introduced 24x7 customs clearance at 4 designated Air cargo complexes and 4 sea ports in respect of facilitated Bills of Entry and factory stuffed containers and goods shipped under free shipping bills [Circular No. 22/20 12-Cus refers]....
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Category :
Custom |
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Deposit of Specified Bank Notes (SBNs) – Chest Balance Limit / Cash Holding Limit
Posted Date : 14-Feb-2017 , 07:50:04 am | Posted By: CASANSAAR
RBI/2016-17/226
DCM (Plg) No.3217/10.27.00/2016-17
February 13, 2017
The Chairman / Managing Director/ Chief Executive Officer
(All banks maintaining currency chests)
Dear Sir / Madam,
Deposit of Specified Bank Notes (SBNs) – Chest Balance Limit / Cash Holding Limit
Please refer to Paragraph 2 (ii) of ourcircular DCM (Plg) No. 1459/10.27.00/2016-17 dated November 29, 2016on the captioned subject. As indicated thereat, a review was undertaken and it has been decided that ti...
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RBI |
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Interest rates for Small Savings Schemes - RBI
Posted Date : 09-Feb-2017 , 08:44:02 pm | Posted By: CASANSAAR
RBI/2016-17/225
DGBA.GAD.2012/15.02.005/2016-17
February 9, 2017
The Chairman/Chief Executive Officer
Agency Banks handling Public Provident Fund, Kisan Vikas Patra- 2014,
Sukanya Samriddhi Account, Senior Citizen Savings Scheme-2004
Dear Sir
Interest rates for Small Savings Schemes
Please refer to ourcircular DGBA.GAD.881/15.02.005/2016-17 dated October 13, 2016on the above subject. T...
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Category :
RBI |
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Removal of limits on withdrawal of cash from Saving Bank Accounts - RBI
Posted Date : 09-Feb-2017 , 07:57:11 am | Posted By: CASANSAAR
RBI/2016-17/224
DCM (Plg) 3107/10.27.00/2016-17
February 08, 2017
All Banks
Dear Madam / Sir,
Removal of limits on withdrawal of cash from Saving Bank Accounts
Please refer to ourcircular DCM (Plg) 2905/10.27.00/2016-17 dated January 30, 2017on the captioned subject.
2. In the wake of withdrawal of Specified Bank Notes (SBNs) since November 09, 2016 Reserve Bank had placed certain limits on cash withdrawals from Savings / Current / Cash credit /Overdraft accounts and withdrawa...
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RBI |
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Basel III Capital Regulations- Additional Tier 1 Capital
Posted Date : 03-Feb-2017 , 07:57:06 am | Posted By: CASANSAAR
RBI/2016-17/222
DBR.BP.BC.No.50/21.06.201/2016-17
February 02, 2017
All Scheduled Commercial Banks
(Excluding Regional Rural Banks)
Madam/ Sir,
Basel III Capital Regulations- Additional Tier 1 Capital
Please refer to the paragraph 1.8 on ‘Coupon Discretion’ under Annex 4 on ‘'Criteria for Inclusion of Perpetual Debt Instruments (PDI) in Additional Tier 1 Capital' of theMaster Circular, DBR.No.BP.BC.1/21.06.201/2015-16 dated July 1, 2015on ‘Basel I...
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Category :
RBI |
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Risk Management and Inter-bank Dealings: Permitting Non Resident Indians (NRIs) access to Exchange Traded Currency Derivatives (ETCD) market
Posted Date : 03-Feb-2017 , 07:56:14 am | Posted By: CASANSAAR
RBI/2016-17/221
A.P. (DIR Series) Circular No. 30
February 2, 2017
To
All Category – I Authorised Dealer Banks
Madam / Sir,
Risk Management and Inter-bank Dealings: Permitting Non Resident Indians (NRIs) access to Exchange Traded Currency Derivatives (ETCD) market
Attention of Authorised Dealers Category – I (AD Category – I) banks is invited to the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 dated May 3, 2000 (Notifi...
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Category :
FEMA |
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Foreign Exchange (Compounding Proceedings) Rules, 2000 (the Rules) - Compounding of Contraventions under FEMA, 1999
Posted Date : 03-Feb-2017 , 07:55:14 am | Posted By: CASANSAAR
RBI/2016-17/220
A.P. (DIR Series) Circular No. 29
February 02, 2017
To
All Category- I Authorised Dealer Banks
Madam / Sir,
Foreign Exchange Management Act, 1999 (FEMA)
Foreign Exchange (Compounding Proceedings) Rules, 2000 (the Rules) -
Compounding of Contraventions under FEMA, 1999
Attention of all the Authorised Dealer Category - I (AD Category - I) banks and their constituents is invited toA.P. (DIR Series) Circular No. 117and36dated April 4, 2014 and October 16, 2014 re...
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Category :
FEMA |
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Review of Guidelines on “Pricing of Creditâ€
Posted Date : 03-Feb-2017 , 07:54:17 am | Posted By: CASANSAAR
RBI/2016-17/219
DNBR.CC.PD.No. 084/22.10.038/2016-17
February 02, 2017
To
All NBFC-MFIs,
Madam/Sir,
Review of Guidelines on “Pricing of Credit”
As per extant instructions on “Pricing of Credit” issued to NBFC-MFIS under “Master Direction-Non-Banking Financial Company-Non-Systemically Important Non-Deposit taking Company (Reserve Bank) Directions, 2016” and “Master Direction - Non-Banking Financial Company-Systemically Important Non-Dep...
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Category :
RBI |
Comments :
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Certificate Of Incorporation Shall Mention PAN Of Company
Posted Date : 31-Jan-2017 , 09:32:17 am | Posted By: CASANSAAR
The Central Government has notified theCompanies (Incorporation) Amendment Rules, 2017. The rules came into forceon Monday. As per the new rules, the Certificate of Incorporation shall be issued by the Registrar in Form No. INC-11 and the Certificate of Incorporation shall mention the permanent account number (PAN) of the company, if it is issued by the Income Tax Department....
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Category :
Companies Act |
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Limits on Cash withdrawals from Bank accounts and ATMs - Restoration of status quo ante
Posted Date : 31-Jan-2017 , 08:55:41 am | Posted By: CASANSAAR
RBI/2016-17/217
DCM (Plg) No. 2905/10.27.00/2016-17
January 30, 2017
The Chairman / Managing Director / Chief Executive Officer,
Public Sector Banks / Private Sector Banks / Foreign Banks,
Regional Rural Banks / Urban Co-operative Banks,
State Co-operative Banks / District Central Co-operative Banks
Dear Sir/Madam,
Limits on Cash withdrawals from Bank accounts and ATMs - Restoration of status quo ante
Please refer to ourcircular DCM (Plg) No.1226/10.27.00/2016-17 dated Novembe...
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Category :
RBI |
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