Regarding All Industry Rates of Duty Drawback effective 21.09.2013
Posted Date : 16-Sep-2013 , 09:04:34 pm | Posted By: CASANSAAR
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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Custom |
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Memorandum of Instructions governing money changing activities
Posted Date : 16-Sep-2013 , 09:03:09 pm | Posted By: CASANSAAR
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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FEMA |
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Notify that the Form DP-1 shall be submitted online by all the dealers latest by 16-10-2013.
Posted Date : 14-Sep-2013 , 09:12:54 am | Posted By: CASANSAAR
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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VAT |
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Clarification on the notification dated 12.9.2013 regarding Commencement Notification Of Companies Act 2013.
Posted Date : 14-Sep-2013 , 09:08:50 am | Posted By: CASANSAAR
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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Corporate Laws |
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Foreign Direct Investment (FDI) in India
Posted Date : 14-Sep-2013 , 09:01:50 am | Posted By: CASANSAAR
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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FEMA |
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Export of Goods and Services - Simplification and Revision of Declaration Form for Exports of Goods/Softwares
Posted Date : 14-Sep-2013 , 09:00:52 am | Posted By: CASANSAAR
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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FEMA |
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Opening of the Bank Branches for accepting the advance tax challans for Income Tax and Corporate Tax on September 14 & 15, 2013
Posted Date : 14-Sep-2013 , 09:00:02 am | Posted By: CASANSAAR
RBI/2013-2014/253DGBA.GAD.No.H – 1739/42.01.029/2013-14
September 13, 2013
The Chairman & Managing Director/The Chief Executive OfficerAll Agency Banks
Dear Sir/Madam,
Opening of the Bank Branches for accepting the advance tax challans for Income Tax and Corporate Tax on September 14 & 15, 2013
With a view to facilitate collection of advance taxes for Income Tax and Corporate Tax and meeting the probable rush of tax-payers, it has been decided in consultation with the Departme...
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RBI |
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Special Clearing on September 14 and 15, 2013
Posted Date : 14-Sep-2013 , 08:59:19 am | Posted By: CASANSAAR
RBI/2013-2014/252DPSS.CO.CHD.No. 630/03.01.03/2013-2014
September 13, 2013
The Chairman and Managing Director / Chief Executive OfficerAll Scheduled Commercial Banks including RRBs / UCBs /State Co-operative Banks / District Central Co-operative Banks/Local Area Banks
Madam / Dear Sir,
Special Clearing on September 14 and 15, 2013
With a view to facilitate accounting of Government receipts (advance taxes under income tax and corporate tax) for the financial year 2013-14 by due date (Septemb...
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RBI |
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Banks will function on Saturday and Sunday to accept advance tax; it can be paid even on Sept. 16, 2013 - CBDT
Posted Date : 12-Sep-2013 , 07:48:13 pm | Posted By: CASANSAAR
It is informed that the payment of Quarterly Advance Tax on or before 15th September, 2013 by the tax payers is a statutory requirement. All such tax payers who are liable to pay advance tax must make payments in the designated branches of the banks authorized to accept tax payments.2. All such designated branches of authorized banks have been asked to function on 14th and 15th September, 2013 (Saturday & Sunday) to accept advance tax payments. If any tax payer fails to pay the advance tax o...
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Income Tax |
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Notification for Extension of date for receipt of ITR-Vs in CPC, Bengaluru, for the cases of AY 2012-13 and 2011-12 received in e-filed in FY 2012-13.
Posted Date : 12-Sep-2013 , 07:29:26 pm | Posted By: CASANSAAR
There are many taxpayers who have uploaded their Income Tax Returns electronically (without digital signature Certificate) for A.Y. 2O1l-12 {filed during F.Y. 2O12-13} and for ITRs of A.Y. 2O12-13 [filed on or after1.4,2012], but have either not filed the corresponding ITR-V or have filed it with the local Income-tax office. ITR-V is accepted only at the Centralized Processing Center (CPC) of the Income-tax Department at Bengaluru byordinary or speed post. Therefore, a final opportunity is being...
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Income Tax |
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Guidelines for calculation of total foreign investment in Indian companies, transfer of ownership and control of Indian companies and downstream investment by Indian companies
Posted Date : 12-Sep-2013 , 05:59:15 pm | Posted By: CASANSAAR
RBI/2013-14/251A. P. (DIR Series) Circular No.42
September 12, 2013
To
All Category-I Authorised Dealer Banks
Madam / Sir,
Foreign Investment in India – Guidelines for calculation of total foreign investment in Indian companies, transfer of ownership and control of Indian companies and downstream investment by Indian companies
Attention of Authorised Dealers Category – I (AD Category - I) banks is invited to Para 6 (ii) of Annex toA.P. (DIR Series) Circular No. 1 dated July 04,...
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FEMA |
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Exemption granted to services provided by National Skill Development Corporation or its affiliates
Posted Date : 11-Sep-2013 , 08:00:10 pm | Posted By: CASANSAAR
Government of India
Ministry of Finance
(Department of Revenue)
Notification No.13/2013 - Service Tax
New Delhi, 10thSeptember, 2013
G.S.R....(E)._ In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Depart...
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Income Tax |
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Implementation of Core Banking Solution (CBS) by Urban Co-operative Banks (UCBs)
Posted Date : 11-Sep-2013 , 07:56:53 pm | Posted By: CASANSAAR
RBI/2013-14/249UBD CO BPD PCB Cir No.14/09.18.300/2013-14
September 11, 2013
The Chief Executive Officers ofAll Primary (Urban) Co-operative Banks
Dear Sir / Madam,
Implementation of Core Banking Solution (CBS)by Urban Co-operative Banks (UCBs)
Please refer to ourcircular UBD BPD (PCB) Cir. No.42/09.18.300/2012-13 dated March 13, 2013on the captioned subject advising UCBs to implement CBS in all their branches by December 31, 2013. On a review, it has been decided that the revised tim...
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RBI |
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Housing Sector: Innovative Housing Loan Products
Posted Date : 11-Sep-2013 , 07:55:44 pm | Posted By: CASANSAAR
RBI/2013-14/247RPCD.RRB. BC. No. 29 /03.05.33/2013-14
September 11, 2013
All RRBs
Dear Sir,
Housing Sector: Innovative Housing Loan Products – Upfront disbursal ofhousing 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 stages of construction of housing project, interest/EM...
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RBI |
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Financial Inclusion- Access to Banking Services
Posted Date : 11-Sep-2013 , 07:54:36 pm | Posted By: CASANSAAR
RBI /2013-14/246DBOD.No. Leg.52 / 09.07.005/2013-14
September 11, 2013
All Scheduled Commercial Banks(excluding RRBs)
Dear Sir/Madam,
Financial Inclusion- Access to Banking Services –Basic Savings Bank Deposit Account (BSBDA) - FAQs
Please refer to CircularDBOD.No. Leg.BC.35 / 09.07.005/2012-13 dated August 10, 2012on the above subject wherein banks have been advised to offer ‘Basic Savings Bank Deposit Account’ with certain minimum common facilities to all their...
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RBI |
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Settlement of Claims of Deceased Depositor
Posted Date : 10-Sep-2013 , 08:27:17 pm | Posted By: CASANSAAR
RBI/2013-14/245RPCD.CO.RRB.BC.No. 33/03.05.33 /2013-14
September 10, 2013
The ChairmenAll Regional Rural Banks
Dear Sir/Madam,
Settlement of Claims of Deceased Depositor – Simplification of Procedure – Placing of claim forms on bank’s website
Please refer tocircular RPCD.CO.RRB.BC.22/03.05.33/2005-06 dated July 19, 2005and wherein simplified procedure has been specified for settlement of claims of deceased depositors. We have been receiving feedback from public that banks ...
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RBI |
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Monetary Policy Statement for 2013-14 - Distribution of Banknotes and Coins
Posted Date : 10-Sep-2013 , 08:26:39 pm | Posted By: CASANSAAR
RBI/2013-14/244DCM (Plg) No.G12/10.65.03/2013-14
September 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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Increase in HTM limits for Standalone PDs
Posted Date : 10-Sep-2013 , 08:24:50 pm | Posted By: CASANSAAR
RBI/2013-14/243IDMD.PDRD.No. 828/03.64.00/2013-14
September 10, 2013
To
All Standalone Primary Dealers
Dear Sir/Madam,
Increase in HTM limits for Standalone PDs
A reference is invited to para 5.7 of ourMaster Circular IDMD.PDRD.01/03.64.00/2013-14 dated July 01, 2013on Operational Guidelines to Primary Dealers regarding quantum of securities that can be classified as HTM.
2. On the basis of review of the current market conditions relating to excessive volatility in yields of Government se...
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RBI |
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Overseas Direct Investment
Posted Date : 10-Sep-2013 , 08:23:39 pm | Posted By: CASANSAAR
RBI/2013-14/241A.P. (DIR Series) Circular No. 41
September 10, 2013
To
All Category - I Authorised Dealer Banks
Madam/ Sir,
Overseas Direct Investment – Amendment
Attention of the Authorised Dealer (AD - Category I) banks is invited to para 2(iv)(b) ofA. P. (DIR Series) Circular No. 69 dated May 27, 2011on Overseas Direct Investment – Liberalization / Rationalization, which reads as under:
“(b) Further, it has also been decided that issue of corporate guarantee on behalf...
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FEMA |
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Overseas Foreign Currency Borrowings by Authorised Dealer Banks
Posted Date : 10-Sep-2013 , 08:22:49 pm | Posted By: CASANSAAR
RBI/2013-14/240A.P. (DIR Series) Circular No. 40
September 10, 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. 23 dated October 15, 2008, in terms of which:
(i) all categories of overseas foreign currency borrowings including existing ECBs, loans and overdrafts from t...
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FEMA |
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Foreign students studying in India
Posted Date : 10-Sep-2013 , 08:22:00 pm | Posted By: CASANSAAR
RBI/2013-14/237UBD. BPD (AD). Cir.No. 4/14.01.062/2013-14
September 10, 2013
The Chief Executive OfficerAll AD Category I Primary (Urban) Co-operative Banks
Madam / Dear Sir,
Foreign students studying in India – KYC procedure for opening of bank accounts – Primary (Urban) Cooperative Banks (UCBs)
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 no...
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Category :
RBI |
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Finance for Housing Schemes
Posted Date : 10-Sep-2013 , 08:21:18 pm | Posted By: CASANSAAR
RBI/2013-14/237UBD. BPD (AD). Cir.No. 4/14.01.062/2013-14
September 10, 2013
The Chief Executive OfficerAll AD Category I Primary (Urban) Co-operative Banks
Madam / Dear Sir,
Foreign students studying in India – KYC procedure for opening of bank accounts – Primary (Urban) Cooperative Banks (UCBs)
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 no...
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Category :
RBI |
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Filing of Annexure 2C and Annexure 2D
Posted Date : 09-Sep-2013 , 08:43:20 pm | Posted By: CASANSAAR
In exercise of the powers conferred under Rule 49 A of the DVAT Rules 2005/ the last date for filing of Annexure 2C and Annexure 20 forming part of thereturn in Form DAVAT-16 pertaining to the 1st quarter ending 30.06.2013 is herebyextended as per Schedule given below:
Last date of filing of Annexure2C and Annexure 20 online :07.10.2013
Last date of filing hardcopy ofAnnexure 2C and Annexure 2D :10.10.2013...
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VAT |
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Audit Report No. 15/2011-12, Section 2
Posted Date : 06-Sep-2013 , 07:25:50 pm | Posted By: CASANSAAR
Circular No. 35/2013-Customs
F.No.603/01/2011-DBK
Government of India
Ministry of Finance, Department of Revenue
Central Board of Excise & Customs
Drawback Division
New Delhi, dated the 5thSeptember, 2013
To
All Chief Commissioners of Customs / Customs (Prev),
All Chief Commissioners of Customs & Central Excise,
All Directors General of CBEC / Chief Commissioner (AR), CESTAT
All Commissioners of Customs / Customs (Prev)/ Customs & Central Excise
All Commissioners of C...
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Category :
Custom |
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Export and Import of Currency
Posted Date : 06-Sep-2013 , 07:22:53 pm | Posted By: CASANSAAR
RBI/2013-14/233A.P. (DIR Series) Circular No. 39
September 6, 2013
To
All Category - I Authorised Dealer Banks
Madam/ Sir,
Export and Import of Currency
Attention of Authorised Persons is invited to Regulation (2) of Foreign Exchange Management (Export and Import of Currency) (Amendment) Regulations, 2009, notified videNotification No. FEMA 195/RB-2009 dated July 7, 2009, in terms of which, any person resident in India may take outside India or having gone out of India on a temporary visit...
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Category :
FEMA |
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Purchase of shares on the recognised stock exchanges in accordance with SEBI (Substantial Acquisition of Shares and Takeover) Regulations
Posted Date : 06-Sep-2013 , 07:22:16 pm | Posted By: CASANSAAR
RBI/2013-14/232A.P. (DIR Series) Circular No. 38
September 6, 2013
To
All Category - I Authorised Dealer Banks
Madam/ Sir,
Purchase of shares on the recognised stock exchanges in accordance with SEBI (Substantial Acquisition of Shares and Takeover) Regulations
Attention of Authorised Dealer Category – I (AD Category-I) banks is invited to Schedule 1 to Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 notified by the Rese...
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Category :
FEMA |
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Regarding classification of
Posted Date : 06-Sep-2013 , 07:57:02 am | Posted By: CASANSAAR
Circular No.36/ 2013 -Customs
F.No. 528/8/2012-STO (TU)
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise & Customs
Tariff Unit
***
229-A, North Block, New Delhi,
5thSeptember, 2013
To
All Chief Commissioners of Customs / Customs (Preventive)
All Chief Commissioners of Customs and Central Excise
All Commissioners of Customs / Customs (Preventive)
All Commissioners of Central Excise and Customs
All Directors General under CBEC.
Sir / M...
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Category :
Custom |
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Forms 15CA & 15CB changed again; no reporting of exempt income, no filing of form 15CB for certain payments
Posted Date : 06-Sep-2013 , 07:32:44 am | Posted By: CASANSAAR
In exercise of the powers conferred by sub-section (6) of section 195 and section 192, section 194B, section 194BB, section 194E, section 194LB, section 194LC, section 194LD, section 196B, section 196C, section 196D read with section 295 of the Income-tax Act, 1961 (43 of 1961) and in supersession of the notification of the Government of India in the Ministry of Finance, Department of Revenue, issued by the Central Board of Direct Taxes vide numberS.O.2363(E) dated the 5th August, 2013published ...
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Category :
Income Tax |
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MCA extends due date for e-filing of Form 23C up to October 31,2013; no additional fee on late filing
Posted Date : 06-Sep-2013 , 07:31:35 am | Posted By: CASANSAAR
Reference is invited toGeneral Circular No. 15/2011, dated 11th April, 2011(amended further byGeneral Circular No. 36/2012, dated 6th Nov. 2012), under the clause (f) of which, the company shall e-file its application in Form 23C for appointment of Cost Auditor within 90 days from the date of commencement of each financial year along with prescribed fee. Further,videNotification, GSR 617(E), dated 7th August, 2012the additional fee for delay in filing applications for appointment of cost auditor...
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Category :
Corporate Laws |
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Cash withdrawal at Point of Sale (POS) - Prepaid Payment Instruments issued by banks
Posted Date : 06-Sep-2013 , 07:29:02 am | Posted By: CASANSAAR
RBI/2013-14/231DPSS.CO.PD.No.563/02.14.003/2013-14
September 5, 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 /All Card Network Providers
Madam / Dear Sir,
Cash withdrawal at Point of Sale (POS) - Prepaid Payment Instruments issued by banks
A reference is invited to ourcircular DPSS.CO.PD.No. 147 /02.14.003/2009-10 dated July 22, 2009per...
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RBI |
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