RBI/2013-2014/283UBD.BPD.(PCB).Cir.No. 19 /16.11.00/2013-14 September 20, 2013 The Chief Executive OfficerAll Primary (Urban) Co-operative Banks Madam / Dear Sir, Revision in Bank Rate Please refer to our circularUBD BPD (PCB) Cir. No.1/16.11.00/2013-14 dated July 15, 2013on the captioned subject. As announced in thePress Release 2013-2014/604 dated September 20, 2013, the Bank Rate stands adjusted by 75 basis points from 10.25 per cent to 9.5 per cent with effect from September 20, 2013. ...

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RBI/2013-14/281DBOD.No.Ret.BC.55 /12.01.001/2013-14 September 20, 2013 To All Scheduled Commercial Banks(Excluding Regional Rural Banks) Dear Sir, Section 42(1) of the Reserve Bank of India Act, 1934 - Change inDaily Minimum Cash Reserve Maintenance Requirement Please refer to ourCircular DBOD.No.Ret.BC.35/12.01.001/2013-14 dated July 23, 2013on the captioned subject. 2. As announced in thePress Release 2013-14/604 dated September 20, 2013, it has been decided to reduce the minimum daily m...

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RBI/2013-14/280DBOD. AML.No.4814/14.08.001/2013-14 September 20, 2013 The Chairmen / Chief Executive OfficersAll Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Foreign Contribution (Regulation) Rule, 2011- Online Reporting of Receipt of Foreign Contribution by 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 contribution. Ministry of Home Affairs (MHA), Government...

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RBI/2013-2014/278FMD.MOAG. No. 86/01.01.001/2013-14 September 20, 2013 All Scheduled Commercial Banks (excluding RRBs) and Standalone Primary Dealers Madam / Sir, Liquidity Adjustment Facility – Repo and Reverse Repo Rates As announced today in theMid-Quarter Review of the Monetary Policy 2013-14, it has been decided to increase the Repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 7.25 per cent to7.50 per centwith immediate effect. 2. Consequent to the ...

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RBI/2013-2014/277FMD.MOAG. No. 87/01.18.001/2013-14 September 20, 2013 All Scheduled Commercial Banks (excluding RRBs) Madam / Sir, Marginal Standing Facility Rates As announced today in theMid-Quarter Review of the Monetary Policy 2013-14, it has been decided to reduce the Marginal Standing Facility (MSF) rate by 75 basis points from 10.25 percent to9.50 per centwith immediate effect. 2. Consequent to this change, Marginal Standing Facility (MSF) rate is recalibrated to 200 basis points a...

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RBI/2013-14/276MPD No.BC.368/07.01.279/2013-14 Bhadra 29, 1935 (Sake)September 20, 2013 ToAll Scheduled Banks [excluding Regional Rural Banks(RRBs)]and Primary Dealers Dear Sir/Madam, Standing Liquidity Facilities forBanks and Primary Dealers Please refer to theMid-quarter Monetary Policy Review dated September 20, 2013, in terms of which the repo rate under the Liquidity Adjustment Facility (LAF) has been increased by 25 basis points from 7.25 per cent to 7.50 per cent with immediate effec...

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S.O. (E). - Whereas the Companies Act,20t3 (18 of 2013) (hereinafter reierred toas the said Act) received the assent of the presidsnt on 29rh August, 2013 and section Ithereofcame into force on the same date: And whereas the provisions contained in section 24, section 5g and section 59 ofthe said Act have come into force on the l2th day ofseptember, 20l3; And whereas section 24 provides for exercise of ce(ain powers regardingprospectus, return of allotment, redemption ol' preference shares an...

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The Delhi Value Added Tax Act, 2004 (3 of 2005) has been amendedvide Notification No. F.14(5)/LA-2013/Cons2Law/65 dated 09-09-2013 andmade effective from 12-09-2013 vide Notification No. F.3(14)/Fin.(Rev-l)/2013-14/dsVII703 dated 11-09-2013 inter-alia amending Section 86(2) of the said Actto the extent of deleting the second proviso and substituting the section 35(2).Before amendment, the second proviso to the section 86(2) provided for -...

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In order to streamline the disposal of refund cases, in the first stage, all pendingrefunds, up to the period ending on 31st March, 2013, and up to Rs.l lakh in a taxperiod, would be automatically refunded centrally through ECS route to the Bankaccount of dealer based on his self-declaration. However, to verify accuracy of claim,10% of such cases would be picked up later for audit on the basis of criteria andparameters decided by the Department,...

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Circular No.172/7/2013 – ST F. No.B1/14/2013-TRU Government of India Ministry of Finance Department of Revenue Central Board of Excise& Customs Tax Research Unit 146-F, North Block New Delhi, 19thSeptember, 2013 To Chief Commissioners of Central Excise and Service Tax (All), Director General (Service Tax), Director General (Central Excise Intelligence), Director General (Audit), Commissioners of Service Tax (All), Commissioners of Central Excise and Service Tax (All)....

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RBI/2013-14/274DBOD.No.BAPD.BC.54 /22.01.001/2013-14 September 19, 2013 All Domestic Scheduled Commercial Banks(excluding RRBs) Madam / Dear Sir Section 23 of the Banking Regulation Act, 1949 –Relaxations in Branch Authorisation Policy Please refer to Governor’s Statement on taking office on September 04, 2013 (extract enclosed -Annex 1) regarding the proposal to completely free bank branching for well managed domestic scheduled commercial banks in every part of the country subj...

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RBI/2013-14/273FMD.MOAG. No. 85/01.06.016/2013-14 September 19, 2013 To All Scheduled Banks [excluding Regional Rural Banks (RRBs)] Dear Sir/ Madam, Swap Window for Attracting FCNR (B) Dollar Funds Please refer to our circularFMD.MAOG.No.84/01.06.016/2013-14 dated September 6, 2013on the captioned subject. 2. Banks have raised various queries relating to the operationalisation of the captioned swap window. These queries along with the answers/ clarifications are put up in the RB...

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RBI/2013-14/272RPCD.RRB.RCB.AML.BC.No. 37/07.51.018/2013-14 September 18, 2013 The Chairmen / CEOs of Regional Rural Banks /State and Central Co-operative Banks Dear Sir / Madam, Foreign students studying in India –KYC procedure for opening of bank accounts It has been represented to us that foreign students arriving in India are facing difficulties in complying with the Know Your Customer (KYC) norms while opening a bank account due to non-availability of any proof of local address. ...

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RBI/2013-14/270A.P. (DIR Series) Circular No. 48 September 18, 2013 To All Category - I Authorised Dealer Banks Madam / Sir, External Commercial Borrowings (ECB) Policy – Liberalisation of definition of Infrastructure Sector Attention of Authorised Dealer Category – I (AD Category – I) banks is invited to theA.P. (DIR Series) Circular No. 5 dated August 1, 2005,A.P. (DIR Series) Circular No. 20 dated October 8, 2008andA.P. (DIR Series) Circular No. 38 dated March 02, 2010...

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F.No.354/182/2013-TRU Government of India Ministry of Finance Department of Revenue Tax Research Unit ***** New Delhi,17thSeptember, 2013 AD-HOC EXEMPTION ORDER NO.1/1/2013 Whereas the recent floods and landslides has caused extensive damage in the State ofUttarakhandand has adversely affected the life of the common man in the state. There is a need to provide support to ensure sustenance for the local population by revival of the hospitality industry; And whereas taxable servic...

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F.No. 137/47/2013-Service Tax Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs Service Tax Wing *** New Delhi, the 17th September, 2013 To All Chief Commissioners of Central Excise All Chief Commissioners of Customs and Central Excise All Directors General All Commissioners of Service Tax All Commissioners of Central Excise Subject:Guidelines for arrest and bail in relation to offences punishable under the Finance Act, 1994 ...

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This Ministry had issued a notification on 12.09.2013 bringing into force to98 sections or part thereof of the companies Act, 2013. The said notification isavailable on the Ministry's website. This Ministry has been receiving requests forclarification as to whether the provisions of the companies Act, 1956 corresponding to such 98 sections would continue to apply or not. lt is hereby clarified that with effect from 12.o9.2o1.g, the relevant provisionsof the companies Act, 1956, which corresp...

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RBI/2013-14/268UBD CO BPD (PCB) Cir. No.17/09.22.010/2013-14 September 17, 2013 The Chief Executive OfficerAll Primary (Urban) Co-operative Banks Dear Sir / Madam, Housing Sector: Innovative Housing Loan Products -Upfront Disbursal of Housing Loans – Primary (Urban) Co-operative Bank 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 bui...

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RBI/2013-14/263RPCD.RRB.RCB.AML.BC.No. 36/07.51.018/2013-14 September 17, 2013 The Chairmen / CEOs of Regional Rural Banks /State and Central Co-operative Banks Dear Sir / Madam, Financial Inclusion- Access to Banking Services –Basic Savings Bank Deposit Account (BSBDA) – FAQs Please refer toCircular RPCD.CO.RRB.RCB.BC.No.24/07.38.01/2012-13 dated August 22, 2012on Basic Savings Bank Deposit Account (BSBDA) wherein banks have been advised to offer ‘Basic Savings Bank Depos...

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RBI/2013-14/265A.P. (DIR Series) Circular No. 46 September 17, 2013 To All Category - I Authorised Dealer Banks Madam/ Sir, Overseas forex trading through electronic / internet trading portals Attention of the Authorised Dealer Category - I (AD Category - I) banks is invited toA.P. (DIR Series) Circular No. 53 dated April 07, 2011andA.P. (DIR Series) Circular No. 46 dated November 17, 2011wherein AD Category I banks were advised to exercise due caution and be extra vigilant in respect of t...

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In supersession of all previous Notifications, regarding date for filing of Stock Statementin Form Stock-1 online for the stock available on 31st March, 2013, I, Prashant Goyal,Commissioner, Value Added Tax, in exercise of the powers conferred on me under sub-section( 1)read with sub-section (3) of section 70 of Delhi Value Added Tax Act, 2004, do hereby extend thedate for filing of the said form to 5th October, 2013 for all dealers....

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Circular No. 974/08/2013-CX F. No. 4/2/2011-CX-1 Government of India Department of Revenue Central Board of Excise & Customs New Delhi ****** New Delhi, the 17thSeptember 2013 To All Chief Commissioners of Central Excise & Customs, All Chief Commissioners of Central Excise, All Directors General, Sir/Madam, Subject – Arrest and Bail under Central Excise Act, 1944 - reg. 1.1 I am directed to invite your attention to the amendments to sections 9A, 20 and 21 of t...

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Category : Excise | Comments : 0 | Hits : 958

In exercise of the powers conferred by sub-section (1) ofsection 70 of the Punjab Value Added Tax Act, 2005 (Punjab Act NO.8 of 2005), and allother powers enabling him in this behalf, the Governor of Punjab is pleased to make thefollowing rules further to amend the Punjab Value added Tax Rules, 2005, namely:- RULES 1 (1) These rules may be called the Punjab Value Added Tax ( Amendment)Rules, 2013 (2)They shall come into force on and with effect from the date of theirpublication in the Of...

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Annual processing fee.- Every taxable person, shall pay annualprocessing fee, as specified in the Table given below, in the month of October everyyear, and shall attach a receiptlchallan , as the case may be, as a proof of payment ofsuch fee along with the quarterly return, namely:-...

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Circular No. 37 / 2013-Customs F. No.609/115/2013-DBK Government of India Ministry of Finance, Department of Revenue Central Board of Excise & Customs New Delhi, dated 14thSeptember, 2013 To All Chief Commissioners of Customs/Customs (Prev.) All Chief Commissioners of Central Excise/Customs & Central Excise All Director Generals under CBEC All Commissioners of Customs/Customs (Prev.) All Commissioners of Central Excise/Customs & Central Excise Subject:All Industry Rat...

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RBI/2013-14/259A.P. (DIR Series) Circular No. 45 September 16, 2013 To, All Authorised Persons in Foreign Exchange Madam/ Dear Sir, Memorandum of Instructions governing money changing activities –Location of Forex Counters in International Airports in India Attention of Authorised Persons is invited to Para 2 (b) of theA.P.(DIR Series) Circular No.38 dated October 25, 2011. 2. On a review, it has been decided to allow non-residents to carry Indian currency upto a maximum o...

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In partial modification of Notification NO.F.3(352)/PolicylV AT12013/231-241 dated28/05/2013, No.F.3(352)PolicylV AT/2013/314-324 dated 20106/2013, No.F.3(352)/PolicylV ATI20131 371-382 dated 05/07/2013, No.F.3(352)policyIVAT/2013/490-501 dated 25/07/2013 andNo.F.3(352)PolicylV AT/2013/686-697 dated 26/08/2013 regarding submission of informationonline in Form DP-1, I, Prashant Goyal, Commissioner, Value Added Tax, Government ofNational Capital Territory of Delhi, in exercise of the powers confer...

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The companies Act 2013 received the assent ofthe president on 29th August,2013 and was notified in the Gazette of India on 30rh August, 2013. Towards theproper implementation of the companies Act 2013, first tranche of Draft Rules on16 chapters have been placed on the website of the Ministry on 9.9.2013 for inviting comments and objections/suggestions from the generalpublic/stakeholders. of the 16 chapters, only 13 chapters require specifying ofForms referred to in those chapters. The draft Form...

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RBI/2013-14/255A.P. (DIR Series) Circular No. 44 September 13, 2013 To All Category - I Authorised Dealer Banks Madam/ Sir, Foreign Direct Investment (FDI) in India – Review of FDI policy – definition forcontrol and sector specific conditions Attention of Authorised Dealer Category – I (AD Category-I) banks is invited to Annex B of Schedule 1 to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 notified by...

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RBI/2013-14/254A.P. (DIR Series) Circular No.43 September 13, 2013 To All Authorised Dealers in Foreign Exchange Madam / Sir, Export of Goods and Services-Simplification and Revision of Declaration Form for Exports of Goods/Softwares Attention of the Authorised Dealers is invited to Regulation 6 of theNotification No.FEMA 23/2000-RB dated May 3, 2000viz. Foreign Exchange Management (Export of Goods and Services) Regulations, 2000, as amended by theNotification No.FEMA 36/2001-RB dated Febr...

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