Overseas Foreign Currency Borrowings by Authorised Dealer Banks
Posted Date : 10-Oct-2013 , 07:37:27 pm | Posted By: CASANSAAR
RBI/2013-14/323A.P. (DIR Series) Circular No. 61
October 10, 2013
ToAll Category - I Authorised Dealer Banks
Madam / Sir,
Overseas Foreign Currency Borrowings by Authorised Dealer Banks
Attention of Authorised Dealer Category I banks is invited to Regulation no. (4)(2)(i) ofNotification No. FEMA 3/RB-2000 dated May 3, 2000as amended from time to time and A.P.(DIR Series) circular no. 23 dated October 15, 2008 in terms of which, inter alia, AD Category - I banks may borrow funds from their H...
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FEMA |
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Monetary Policy Statement for 2013-14-Distribution of Banknotes and Coins – Alternative Avenues
Posted Date : 10-Oct-2013 , 07:36:22 pm | Posted By: CASANSAAR
RBI/2013-14/322DCM (Plg) No. G - 14/10.65.03/2013-14
October 10, 2013
The Chairman & Managing Director /Chief Executive Officer(All Scheduled Commercial banks including RRBs)
Madam/ Dear Sir,
Monetary Policy Statement for 2013-14-Distribution of Banknotes and Coins – Alternative Avenues
Please refer toPara 110of the Monetary Policy Statement 2013-14 wherein it was stated that “With a view to effectively meeting the growing demand for banknotes and coins in the country, there...
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RBI |
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Unsecured Exposure Norms for UCBs
Posted Date : 10-Oct-2013 , 07:35:43 pm | Posted By: CASANSAAR
RBI/2013-14/321UBD CO BPD (PCB) Cir. No.29/13.05.000/2013-14
October 10, 2013
The Chief Executive OfficersAll Primary (Urban) Co-operative Banks
Dear Sir / Madam,
Unsecured Exposure Norms for UCBs
Please refer to ourcircular UBD BPD (PCB) Cir. No.45/13.05.000/2012-13 dated April 03, 2013on the captioned subject exempting UCBs fulfilling certain conditions from the extant ceiling of 10% of total assets for unsecured loans and advances and permitting them to grant, with the prior approval of ...
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RBI |
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Option to close cases of default in Export Obligation (EO) - Notification No. 46/2013-Customs dated 26.9.2013
Posted Date : 09-Oct-2013 , 07:12:32 pm | Posted By: CASANSAAR
Circular No. 40/2013-Customs
F.No.605/32/2013-DBK
Government of India
Ministry of Finance, Department of Revenue
Central Board of Excise & Customs
Drawback Division
New Delhi, dated the 9thOctober, 2013
To
Chief Commissioners of Customs / Customs (Prev) (All),
Chief Commissioners of Central Excise & Customs (All)
Directors General of CBEC / Chief Commissioner (AR), CESTAT (All)
Commissioners of Customs / Customs (Prev)/ Customs & Central Excise (All)
Commissioners of Cust...
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Custom |
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Housing Sector: Innovative Housing Loan Products – Upfront disbursal of housing loans
Posted Date : 08-Oct-2013 , 08:37:03 pm | Posted By: CASANSAAR
RBI/2013-14/320RPCD.CO.RCB.BC.No.43/07.51.013/2013-14
October 8, 2013
The ChairmanAll State and Central Co-operative Banks (StCBs and CCBs)
Dear Sir,
Housing Sector: Innovative Housing Loan Products – Upfront disbursal of housing loans
It has been observed that some banks have introduced certain innovative Housing Loan Schemes in association with developers/builders, e.g. upfront disbursal of sanctioned individual housing loans to the builders without linking the disbursals to various...
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RBI |
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Term Repo under Liquidity Adjustment Facility
Posted Date : 08-Oct-2013 , 08:36:09 pm | Posted By: CASANSAAR
RBI/2013-14/319FMD.MOAG. No. 89 /01.01.009/2013-14
October 08, 2013
All Scheduled Commercial Banks (excluding RRBs)
Madam / Sir,
Term Repo under Liquidity Adjustment Facility
As announced yesterday, it has been decided to conduct auctions for term repos of 7-day and 14-day tenor for a notified amount equivalent to 0.25 per cent of net demand and time liabilities (NDTL) of the banking system through variable rate auction mechanism. The first term repo auction with a tenor of seven days would...
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RBI |
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Revised guidelines on lending to Priority Sector for UCBs
Posted Date : 08-Oct-2013 , 08:35:27 pm | Posted By: CASANSAAR
RBI/2013-14/318UBD CO BPD (PCB) MC. No.18/09.09.001/2013-14
October 8, 2013
The Chief Executive OfficerAll Primary (Urban) Co-operative Banks
Dear Sir / Madam,
Revised guidelines on lending to Priority Sector for UCBs
Please refer to our circularUBD PCB Cir. No.11/09.09.01/2007-08 dated August 30, 2007and the amendments thereto issued from time to time on the captioned subject, consolidated inMaster Circular UBD BPD (PCB) MC No.7/09.09.001/ 2012-13 dated July 02, 2012. It may be recalled th...
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RBI |
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Hotels in a Complex – Only Air Conditioned Hotel Liable to Service tax
Posted Date : 08-Oct-2013 , 12:35:27 pm | Posted By: CASANSAAR
As part of the Budgetexercise2013, the exemption for services provided by specified restaurants extended videserial number19 ofNotification 25/2012-STwas modified vide para 1 (iii) ofNotification 3/2013-ST. This has become operational on the 1stof April, 2013.
2. In this context, representations have been received. On the doubts andquestionsraised therein clarifications are as follows:
Doubts
Clarifications
1.
In a complex where air conditioned as well as non-air c...
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Service Tax |
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Amends exchange rate notification no. 100/2013-Customs (NT), w.e.f. 04th October, 2013
Posted Date : 04-Oct-2013 , 07:29:45 pm | Posted By: CASANSAAR
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, PART-II, SECTION 3, SUB-SECTION (ii), EXTRAORDINARY]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF EXCISE AND CUSTOMS
NotificationNo.103/2013-Customs (N.T.)
Dated the 3rdOctober, 2013
11Asvina, 1935(SAKA)
S.O.(E). – In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Government of India in the Ministry of Finance (De...
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Custom |
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DVAT Regarding filing of Stock Statement
Posted Date : 04-Oct-2013 , 07:27:15 pm | Posted By: CASANSAAR
CIRCULAR NO. I3 of 2013-14
In continuation to this department's Notification No. F.7{433)/PolicyII/VAT//2012/PF/ 817-828 dated 23/09/2013 on the subject cited above, it ishereby clarified that the said notification merely withdraws the need forseparate filing of Stock-I statement online since it is to be filed in Annexure 1 Dalong with the 2nd quarter return for the year 2013-14 as notified videNotification No.F.3(16)/Fin.(Rev-I)/2013-14/dsVI/785 dated 20/09/2013. Therequirement for separate f...
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VAT |
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DVAT Notification regarding rate of tax on sun glasses.
Posted Date : 04-Oct-2013 , 07:24:26 pm | Posted By: CASANSAAR
Notification regarding rate of tax on sun glasses....
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VAT |
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Filing of DVAT online return for 2nd quarter of 2013-14 - extension of period thereof.
Posted Date : 02-Oct-2013 , 08:13:13 pm | Posted By: CASANSAAR
Return forms of regular and composition dealers have been recentlymodified vide Notification No F3(16)/Fin(Rev-I)/2013-14/dsVI/785 dated20/09/2013. In view of modifications and in exercise of the powers conferred underRule 49A of the Delhi Value Added Tax Rules,2005.
I, Prashant Goyal,Commissioner, Value Added Tax, do hereby extend the last date of online filing ofsecond quarter return for the year 2013-14, in Form DVAT-16 and DVAT-17.alongwith required annexures, and submission of hard copy ...
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VAT |
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Export Outstanding Statement (XOS) Online Bank wide Submission
Posted Date : 01-Oct-2013 , 07:04:48 pm | Posted By: CASANSAAR
RBI/2013-14/306A.P. (DIR Series) Circular No.60
October 01, 2013
To
All Category - I Authorized Dealer Banks
Madam / Sir,
Export Outstanding Statement (XOS)Online Bank wide Submission
Attention of Authorized Dealer Category – I (AD Category – I) banks is invited toA. P. (DIR Series) Circular No. 12 dated September 9, 2000in terms of which AD Category – I banks are required to furnish to the Regional Office concerned of the Reserve Bank, a consolidated statement in...
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FEMA |
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Share Linking to Borrowing Norm in Urban Co-operative Banks
Posted Date : 01-Oct-2013 , 07:02:49 pm | Posted By: CASANSAAR
RBI/2013-14/307UBD CO BPD (PCB) Cir. No. 25/09.18.200/2013-14
October 1, 2013
The Chief Executive OfficerAll Urban Co-operative Banks
Dear Sir / Madam,
Share Linking to Borrowing Norm in Urban Co-operative Banks
Please refer to the instructions contained in para 3 ofcircular UBD PCB Cir. No.4/ 09.18.201/2008-09 dated July 15, 2008on ‘Instruments for Augmenting Capital Funds – UCBs’ indicating the current regulatory prescriptions on share linking to borrowing viz. 2...
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RBI |
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ECB proceeds for acquisition of shares under the Government’s disinvestment programme of PSUs - Clarification
Posted Date : 30-Sep-2013 , 06:41:06 pm | Posted By: CASANSAAR
RBI/2013-14/302A.P. (DIR Series) Circular No. 57
September 30, 2013
To
All Authorised Dealer Category – I Banks
Madam / Sir
External Commercial Borrowings (ECB) Policy – ECB proceeds for acquisition of shares under the Government’s disinvestment programme of PSUs - Clarification
Attention of Authorised Dealer Category – I (AD Category – I) banks is invited to theA.P. (DIR Series) Circular No. 5 dated August 1, 2005, relating to External Commercial Borrow...
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FEMA |
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Trade Credits for Imports into India – Review of all-in-cost ceiling
Posted Date : 30-Sep-2013 , 06:39:59 pm | Posted By: CASANSAAR
RBI/2013-14/301A. P. (DIR Series) Circular No. 56
September 30, 2013
To,
All Authorised Dealer Category - I Banks
Madam / Sir
Trade Credits for Imports into India – Review of all-in-cost ceiling
Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to theA.P. (DIR Series) Circular No. 9 dated July 11, 2013relating to all-in-cost ceiling of Trade Credits for imports into India.
2. On a review it has been decided that the all-in-cost ceiling as specified u...
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FEMA |
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Treatment of certain savings bank accounts opened for credit of Scholarship amounts and credit of Direct Benefit Transfer under Government Schemes
Posted Date : 30-Sep-2013 , 06:38:54 pm | Posted By: CASANSAAR
RBI/2013-14/300UBD.BPD.(PCB)CIR No. 23/13.01.000/2013-14
September 30, 2013
The Chief Executive Officers ofAll Primary (Urban) Co-operative Banks
Madam/Dear Sir,
Unclaimed Deposits/Inoperative Accounts in UCBs - Treatment ofcertain savings bank accounts opened for credit of Scholarshipamounts and credit of Direct Benefit Transfer under Government Schemes
Please refer toCircular No.UBD.BPD.(PCB)CIR.No.9/13.01.000/2013-14 dated September 1, 2008on unclaimed deposits/ inoperative accou...
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RBI |
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Performance Audit of Agricultural Debt Waiver & Debt Relief Scheme (ADWDRS), 2008 by CAG & Re-verification Exercise by the banks
Posted Date : 30-Sep-2013 , 06:37:36 pm | Posted By: CASANSAAR
RBI/2013-14/299UBD.BPD.(PCB)CIR No. 22 /13.05.006/2013-14
September 30, 2013
The Chief Executive Officers ofAll Primary (Urban) Co-operative Banks
Madam/Dear Sir,
Performance Audit of Agricultural Debt Waiver & Debt Relief Scheme(ADWDRS), 2008 by CAG & Re-verification Exercise by the banks
Please refer to ourCircular UBD.BPD. (PCB) Cir. No.40/13.05.006/2012-13 dated March 7, 2013, in terms of which Urban Co-operative Banks (UCBs) were advised to conduct a complete verification o...
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RBI |
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DAVT - Amendment in composition scheme 2013.
Posted Date : 30-Sep-2013 , 06:33:58 pm | Posted By: CASANSAAR
Whereas the Lt. Governor of the National Capital Territory of Delhi is of the opinionthat it is necessary in the interest of general public so to do.
Now, therefore, in exercise of the powers conferred by sub-section (12) of section 16 andclause(l) of sub-section (2) of section 102 of the Delhi Value Added Tax Act, 2004 (DelhiAct 3 of 2005) (hereinafter referred to as “the Act”) , the Lt. Governor of the National CapitalTerritory of Delhi, further amends certain provisions, partic...
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VAT |
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Extension of Income Tax Office Hours till 8.00 P.M.on 30th September 2013.
Posted Date : 30-Sep-2013 , 06:02:44 pm | Posted By: CASANSAAR
F-No. 225/117/2013/ITA.IIGovernment of IndiaMinistry of FinanceDepartment of Revenuecentral Board of Direct Taxes
North-Blocky ITA.11 DivisionNew Delhi, the 30thSeptember, 2013
Order
In order to facilitate assessees to comply with part (a) of CBDTs order in F.No.225/117/2013/ITA.II dated 26.09.2013, all CCsIT /DsGIT are hereby directed that all Income Tax Offices shall remain open till 8:00 p.m on 30thSeptember, 2013 for the convenience of taxpayers, who wish to file Report of Audit manua...
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Income Tax |
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Due-Date for Filing ROI for Gujarat Assessees Extended upto 14.10.2013
Posted Date : 30-Sep-2013 , 05:55:45 pm | Posted By: CASANSAAR
F.No. 225/117/2013/ITAIIGovernment of IndiaMinistryofFinanceDepartment of RevenueCentral Board of Direct Taxes
North-Block, ‘TAM DivisionNew Delhi,
the 30thSeptember, 2013
Order under Section 119 of the Income-tax Act. 1961
On consideration of reports of dislocation of general life caused due to recent heavy rains and floods in the State of Gujarat, the Central Board of Di.ect Taxes, in exercise of powers conferred under section 119 of the Income-tax Act, 1961, hereby extends t...
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Income Tax |
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Foreign Contribution (Regulation) Rule, 2011- Online Reporting of Receipt of Foreign Contribution by banks – Primary (Urban) Cooperative Banks
Posted Date : 27-Sep-2013 , 06:37:51 pm | Posted By: CASANSAAR
RBI/2013-14/297UBD.BPD.(PCB) Cir.No.21/14.01.062/2013-14
September 27, 2013
The Chief Executive OfficerAll Primary (Urban) Co-operative Banks
Madam/Dear Sir,
Foreign Contribution (Regulation) Rule, 2011- Online Reporting of Receipt of Foreign Contribution by banks – Primary (Urban) Cooperative Banks
Under Rule 16 of the Foreign Contribution (Regulation) Rule, 2011, banks have to report to Central Government any transaction in respect of receipt of foreign contributions. The ...
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RBI |
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Security and Risk Mitigation Measures for Card Present Transactions
Posted Date : 27-Sep-2013 , 06:36:47 pm | Posted By: CASANSAAR
RBI/2013-14/296DPSS (CO) PD No.719/02.14.011/2013-14
September 27, 2013
The Chairman and Managing Director / Chief Executive OfficersAll Scheduled Commercial Banks including RRBs / Urban Co-operative Banks /State Co-operative Banks / District Central Co-operative Banks/Authorised Card Payment Networks
Madam / Dear Sir,
Security and Risk Mitigation Measures for Card Present Transactions
A reference is invited to our circularDPSS.PD.CO.No.513 / 02.14.003 /2011-2012 dated September 22, 2011on ...
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RBI |
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CBDT Notifies Rules For General Anti Avoidance Rules (GAAR)
Posted Date : 27-Sep-2013 , 07:43:05 am | Posted By: CASANSAAR
VideNotificationdated 23.09.2013 issued by the CBDT, Rules 10U to 10UC have been inserted in the Income-tax Rules, 1962 to provide for the entire procedure for monitoring the General Anti Avoidance Rules (GAAR). The relevant forms have also been notified. The said Rules will come into effect on 1st April 2016.——————————
NotificationNo. 75/2013, Date – 23thSeptember, 2013
S.O. 2887(E).- In exercise of the powers conferred by sect...
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Income Tax |
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Tax audit report due date for e-filing extended to 31.10.2013
Posted Date : 26-Sep-2013 , 08:12:15 pm | Posted By: CASANSAAR
F.No. 225/117/2013/ITA.II
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
Dated- 26th September, 2013
Order under Section 119 of the Income-tax Act. 1961.
CBDT in exercise of power under sec 119(2)(a) of the IT Act, 1961 read with Sec 139 and Rule 12, has decided to relax the requirement offurnishingthe Report of Auditelectronicallyas prescribed under the proviso to sub-rule (2) of Rule 12 of the IT Rules for the Assessment Year 2013-14 as u...
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Income Tax |
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Overseas Foreign Currency Borrowings by Authorised Dealer Banks – Enhancement of limit
Posted Date : 25-Sep-2013 , 08:55:17 pm | Posted By: CASANSAAR
RBI/2013-14/293A.P. (DIR Series) Circular No. 54
September 25, 2013
To,
All Category - I Authorised Dealer Banks
Madam / Sir,
Overseas Foreign Currency Borrowings by Authorised Dealer Banks – Enhancement of limit
Attention of Authorised Dealer Category - I (AD Category – I) banks is invited toA. P. (DIR Series) Circular No. 40 dated September 10, 2013, in terms of which AD Category I banks were allowed to borrow beyond 50 per cent of their unimpaired Tier I capital subject, int...
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FEMA |
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Pernicious practices of select banks deterring customer protection and accounting integrity
Posted Date : 25-Sep-2013 , 08:53:57 pm | Posted By: CASANSAAR
RBI/2013-14/292DBS.CO.PPD No. 3578 /11.01.005/2013-14
September 17, 2013
The Chairman/Chief ExecutiveAll Scheduled Commercial Banks (Excluding RRBs) / Local Area Banks
Madam/Dear Sir,
Pernicious practices of select banks deterringcustomer protection and accounting integrity
Please refer to our circular DBS.CO.PPD No. 17882/11.01.005/2012-13 dated June 19, 2013, wherein we had observed certain disquieting features in certain practices/products prevalent/ offered by some of the banks. We had ...
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RBI |
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Export Credit in Foreign Currency
Posted Date : 25-Sep-2013 , 08:53:17 pm | Posted By: CASANSAAR
RBI/2013-14/291DBOD.Dir.BC.No. 57 /04.02.001/2013-14
September 25, 2013
All Scheduled Commercial Banks and Exim Bank(excluding RRBs)
Dear Sir/ Madam,
Export Credit in Foreign Currency
Banks extend export credit in Indian Rupees as well as in foreign currency, such as Pre Shipment Credit in Foreign Currency (PCFC) and Post Shipment Credit in Foreign Currency (PSCFC), as per their own internal lending policies within the overall regulatory framework prescribed by the Reserve Bank.
2. It is o...
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RBI |
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Trade Credits for Import into India
Posted Date : 24-Sep-2013 , 08:41:23 pm | Posted By: CASANSAAR
RBI/2013-14/290A.P. (DIR Series) Circular No. 53
September 24, 2013
To,
All Category - I Authorised Dealer Banks
Madam / Sir,
Trade Credits for Import into India
Attention of Authorized Dealer Category - I (AD Category - I) banks is invited toA.P. (DIR Series) Circular No. 87 dated April 17, 2004,A.P. (DIR Series) Circular No. 24 dated November 01, 2004,A.P. (DIR Series) Circular No. 28 dated September 11, 2012andA.P. (DIR Series) Circular No. 59 dated December 14, 2012regarding Trade Cred...
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FEMA |
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Procedure to Track Non-Filers of Income-tax Returns
Posted Date : 24-Sep-2013 , 08:44:04 am | Posted By: CASANSAAR
Instruction No. 14/2013, Dated – 23rd of September, 2013
Subject: StandardOperating Procedurefor cases under Non-filersMonitoring System(‘NMS’)-regarding
The existing procedure for monitoring cases of ‘Non-Filers of IT Returns’ as identified by Director General of Income, Tax (System) has been examined by the Board. It is felt that at present, cases of non-filers are not being uniformly monitored by the Assessing Officers due to lack of consistency in approach i...
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Income Tax |
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