Lending against Gold
Posted Date : 27-May-2013 , 08:34:05 pm | Posted By: CASANSAAR
RBI/2012-13/509DBOD. No. Dir. BC. 96/13.03.00/2012-13
May 27, 2013
All Scheduled Commercial Banks(excluding RRBs)
Dear Sir/Madam
Lending against Gold
Please refer to paragraph 98 of the Monetary Policy Statement 2013-14 announced on May 3, 2013 (extract enclosed) on lending against gold, proposing to restrict the facility of advances against the security of gold coins per customer to gold coins weighing up to 50 gms.
2. As per extant instructions contained in our circular DBOD.Leg.BC.95/ C...
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RBI |
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Prudential Guidelines on Capital Adequacy and Market Discipline - New Capital Adequacy Framework (NCAF) - Parallel Run and Prudential Floor
Posted Date : 27-May-2013 , 08:33:05 pm | Posted By: CASANSAAR
RBI/2012-13/508DBOD.BP.BC. No.95/21.06.001/2012-13
May 27, 2013
The Chairman and Managing Director/Chief Executive Officer ofAll Scheduled Commercial Banks(excluding LABs and RRBs)
Dear Sir
Prudential Guidelines on Capital Adequacy and Market Discipline -New Capital Adequacy Framework (NCAF) - Parallel Run and Prudential Floor
Please refer to ourcircular DBOD.BP.BC.No.71/21.06.001/2010-11 dated December 31, 2010on the above subject, in terms of which banks were advised to continue with the ...
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RBI |
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Seeks to allow duty free sale of goods manufactured in India to the International passengers or members of crew at the DFSs located at the arrival / departure hall of International Airports and specify the procedures relating thereto.
Posted Date : 24-May-2013 , 08:13:39 pm | Posted By: CASANSAAR
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
New Delhi, dated the 23rdMay, 2013
NotificationNo.19 /2013-Central Excise
G.S.R.(E). – In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944(1 of 1944), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts the goods falling under the First Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) (hereinafter r...
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Excise |
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Annual Business Plan – Elimination of requirement to submit proposal in duplicate
Posted Date : 24-May-2013 , 08:07:33 pm | Posted By: CASANSAAR
RBI/2012-13/506UBD.CO.LS.(PCB).Cir. No. 50/07.01.000/2012-13
May 24, 2013
Chief Executive Officers ofall Primary (Urban) Co-operative Banks
Dear Sir / Madam,
Annual Business Plan – Elimination of requirement to submit proposal in duplicate
Please refer to ourcircular UBD.CO.LS.Cir.No.52/07.01.000/2007-08 dated June 16, 2008where in Financially Sound and Well Managed (FSWM) UCBs were required to prepare Annual Business Plan (ABP) for opening of branches / extension counters, ...
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RBI |
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Frauds – Classification and Reporting
Posted Date : 24-May-2013 , 08:06:11 pm | Posted By: CASANSAAR
RBI/2012-13/505DBS.FrMC.BC.No. 6/23.04.001/2012-13
May 23, 2013
The Chairmen & Chief Executive Officers of allScheduled Commercial Banks (excluding RRBs)and All India Select Financial Institutions
Dear Sir,
Frauds – Classification and Reporting
Please refer to Para 3.1.3 ofcircular DBS. FrMC. BC. No. 1/23.04.001/2012-13 dated July 02, 2012i.e. the Master Circular on 'Frauds – Classification and Reporting' which requires commercial banks to furnish in hard copies ...
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RBI |
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Liberalised Remittance Scheme for Resident Individuals – Reporting
Posted Date : 24-May-2013 , 07:57:59 am | Posted By: CASANSAAR
RBI/2012-13/504A. P. (DIR Series) Circular No. 106
May 23, 2013
ToAll Category - I Authorised Dealer Banks
Madam / Sir,
Liberalised Remittance Scheme for Resident Individuals – Reporting
Attention of all Authorised Dealer Category - I (AD Category - I) banks is invited toA. P. (DIR Series) Circular No.36 dated April 04, 2008, in terms of which, AD Category -I banks were required to furnish information on the number of applications received and the total amount remitted under the Liber...
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FEMA |
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Export of Goods and Software – Realisation and Repatriation of export proceeds – Liberalisation
Posted Date : 21-May-2013 , 06:36:42 am | Posted By: CASANSAAR
RBI/2012-13/503A.P. (DIR Series) Circular No. 105
May 20, 2013
To,
All Category - I Authorised Dealer Banks
Madam / Sir,
Export of Goods and Software – Realisation andRepatriation of export proceeds – Liberalisation
Attention of Authorised Dealer Category-I (AD Category-I) banks is invited toA.P. (DIR Series) Circular No. 52 dated November 20, 2012extending the enhanced period for realization and repatriation to India, of the amount representing the full value of go...
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FEMA |
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Foreign Direct Investment (FDI) in India - Issue of equity shares under the FDI scheme allowed under the Government route against pre-operative/pre-incorporation expenses
Posted Date : 17-May-2013 , 09:47:37 pm | Posted By: CASANSAAR
RBI/2012-13/502A.P. (DIR Series) Circular No. 104
May 17, 2013
ToAll Category-I Authorised Dealer Banks
Madam / Sir,
Foreign Direct Investment (FDI) in India - Issue of equity shares under the FDI scheme allowed under the Government route against pre-operative/pre-incorporation expenses
Attention of Authorised Dealers Category – I banks is invited to Para 3 (II) ofA.P. (DIR Series) Circular No. 74 dated June 20, 2011read withA.P. (DIR Series) Circular No. 55 dated December 9...
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FEMA |
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Regarding certain issues relating to difficulties being faced in availing/extending exemption relating to the Oil Exploration Sector.
Posted Date : 17-May-2013 , 07:41:58 am | Posted By: CASANSAAR
Circular No. 21 /2013-Customs
F.No.B1/20/2013 -TRU
Government of India
Ministry of Finance
(Department of Revenue)
Tax Research Unit
*****
New Delhi, dated 16th May, 2013
To,
All Chief Commissioners of Customs.
All Chief Commissioners of Customs & Central Excise.
All Chief Commissioners of Central Excise.
Subject: Difficulties being faced in availing exemption relating to the Oil Exploration Sector– Regarding.
Sir / Madam,
Representations have been received from t...
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Custom |
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Regarding The Service Tax Voluntary Compliance Encouragement Scheme-clarifications
Posted Date : 17-May-2013 , 07:38:51 am | Posted By: CASANSAAR
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise and Customs
Tax Research Unit
*****
New Delhi, dated the 13th May, 2013
To,
Chief Commissioners of Central Excise and Customs (All),
Director General (Service Tax), Director General (Systems),
Director General (Central Excise Intelligence), Director General (Audit),
Commissioners of Service Tax (All),
Commissioners of Central Excise (All),Commissioners of Central Excise and Customs (All)
Madam/Si...
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Service Tax |
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SLR Holdings under Held to Maturity Category
Posted Date : 16-May-2013 , 08:07:13 am | Posted By: CASANSAAR
RBI/2012-13/501DBOD.No.BP.BC.92/21.04.141/2012-13
May 15, 2013
All Scheduled Commercial Banks(excluding RRBs)
Dear Sir,
Monetary Policy Statement 2013-14 –SLR Holdings under Held to Maturity Category
Please refer to paragraph 84 of the Monetary Policy Statement 2013-14 (extract enclosed) announced on May 3, 2013 on ‘SLR Holdings under Held to Maturity Category’.
2. In terms of ourcircular No.DBOD.BP.BC.37/21.04.141/2004-05 dated September 2, 2004on Prudential Norms on Cla...
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RBI |
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Regarding Classification of the machines commercially referred to as \"Tablet Computers\"
Posted Date : 15-May-2013 , 07:55:54 am | Posted By: CASANSAAR
Circular No.20 / 2013- Customs
F.No. 528/102/2011-STO (TU)
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise & Customs
****
229-A, North Block, New Delhi
14th May, 2013
Doubts have been raised regarding classification of products commercially referredto as Tablet Computers under the Customs Tariff which is harmonised with the HarmonizedCommodity Description and Coding System, commonly known as "HS Nomenclature". Thetwo major competing headings a...
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Custom |
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Serevice Tax Notification No.10/2013 for Rules under the Service Tax Voluntary Compliance Encouragement Scheme,2013
Posted Date : 14-May-2013 , 04:10:01 pm | Posted By: CASANSAAR
Government of India
Ministry of Finance
(Department of Revenue)
NotificationNo.10/2013 - Service Tax
New Delhi, the 13th May, 2013
G.S.R…..(E).- In exercise of the powers conferred by sub-sections (1) and (2) ofsection 114 of the Finance Act, 2013 (17 of 2013), the Central Government herebymakes the following rules regarding the form and manner of declaration, form andmanner of acknowledgement of declaration, manner of payment of tax dues andform and manner of issuing acknowledgeme...
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Service Tax |
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Import of Gold by Nominated Banks/Agencies
Posted Date : 14-May-2013 , 07:38:51 am | Posted By: CASANSAAR
RBI/2012-13/499A.P.(DIR Series) Circular No.103
May 13, 2013
To,All Scheduled Commercial Banks which areAuthorised Dealers in Foreign Exchange
Madam/Sirs
Import of Gold by Nominated Banks/Agencies
Attention of Authorised Persons is invited toparagraph 97of the Monetary Policy Statement 2013-14 dated May 3, 2013 regarding import of gold. In terms of AD (G.P.Series) circular No.7 dated March 6, 1998 (copy enclosedfor ready reference), nominated banks/agencies were permitted to impor...
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FEMA |
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Regarding classification of Filters referred to as “Disposable Sterilized Dialyzer” and “Microbarrier”: for filtering blood”
Posted Date : 10-May-2013 , 07:44:56 am | Posted By: CASANSAAR
Circular No.19 / 2013 - Customs
F.No. 528/90/2012-STO (TU)
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise & Customs
Tariff Unit
***
229-A, North Block, New Delhi
9thMay, 2013
To
All Chief Commissioners of Customs/ Customs (Prev.)/C&CE,
All Commissioners of Customs / Customs (Prev.) /C&CE
All Directors General of CBEC,
All Commissionersof Customs & Central Excise (Appeals).
Sir / Madam,
Subject: Classification of Filte...
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Category :
Custom |
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Applicability of Regulation 17(6) in processing the work items.
Posted Date : 10-May-2013 , 07:41:20 am | Posted By: CASANSAAR
General Circular No. 10/2013
dated 10.05.2013
Applicability of Regulation 17(6) in processing the work items.
...
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Category :
Corporate Laws |
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Seeks to amend notification Nos. 1/2011-Central Excise and 2/2011-Central Excise both dated the 1st March, 2011 and 12/2012-Central Excise, dated 17th March, 2012
Posted Date : 08-May-2013 , 11:26:46 pm | Posted By: CASANSAAR
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
NotificationNo. 16/2013-Central Excise
New Delhi, the 8th May, 2013
G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 5A of theCentral Excise Act, 1944 (1 of 1944), the Central Government, being satisfied that it is necessary in thepublic interest so to do, hereby directs that each of the notifications of the Government of India in theMinistry of Finance (Department of Revenue) specified in column...
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Excise |
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Seeks to amend the notification No.26/2012-Service Tax, dated the 20th June, 2012.
Posted Date : 08-May-2013 , 11:23:58 pm | Posted By: CASANSAAR
Government of India
Ministry of Finance
(Department of Revenue)
Notification
New Delhi, the 8th May, 2013
No.09/2013 - Service Tax
G.S.R....(E).– In exercise of the powers conferred by sub-section (1) of section 93 ofthe Finance Act, 1994 (32 of 1994), the Central Government, being satisfied that it isnecessary in the public interest so to do, hereby makes the following further amendment inthe notification of the Government of India in the Ministry of Finance (Department ofRevenue)...
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Service Tax |
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Submission of Undertaking: Renewal of Authorisation
Posted Date : 08-May-2013 , 11:20:37 pm | Posted By: CASANSAAR
RBI/2012-13/494IDMD.PDRD.No. 3089/03.64.027/2012-13
May 08, 2013
All the Primary Dealers
Dear Sir/Madam,
Submission of Undertaking: Renewal of Authorisation
In terms of Para 1.4 of Section I (for standalone PDs) / Para 2.3 of Section II (for Bank-PDs) of the Operational Guidelines to Primary Dealers dated July 02, 2012; the PDs are required to have a standing arrangement with RBI based on the execution of an undertaking in the prescribed format and an authorization letter issued by RBI each...
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RBI |
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Delay in re-presentation of technical return cheques and levy of charges for such returns
Posted Date : 08-May-2013 , 11:19:44 pm | Posted By: CASANSAAR
RBI/2012-13/493DPSS.CO.CHD.No. 2030/03.06.01/2012-2013
May 7, 2013
The Chairman and Managing Director / Chief Executive OfficerAll Scheduled Commercial Banks including RRBs /Local Area BanksUrban Co-operative Banks / State Co-operative Banks /District Central Co-operative Banks
Madam / Dear Sir,
Delay in re-presentation of technical return cheques and levy of charges for such returns
As you are aware, banks are expected to indicate the timeline for realisation of local/outstation cheques in...
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RBI |
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Exemption/refund of VAT in favour of official purchases of its Embassy and personal purchases of its diplomats.
Posted Date : 07-May-2013 , 07:38:55 pm | Posted By: CASANSAAR
WHEREAS the Ministry of External Affairs,Government of India, in accordance with the principle of reciprocity have requestedthe Government of National Capital Territory of Delhi to exempt/refund of VAT infavour of official purchases of the Embassy of the Republic of Tajikistan in New Delhiand personal purchases of its diplomats vide their letter No.D-II/451/12(17)/2009dated 07/03/2013....
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VAT |
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Bank Rate stands adjusted by 25 basis points from 8.50 per cent to 8.25 per cent with effect from May 3, 2013
Posted Date : 04-May-2013 , 01:26:12 pm | Posted By: CA. KRISHAN KUMAR SAINI
Bank Rate
RBI/2012-13/491UBD.BPD.(PCB).Cir. No. 48 /16.11.00/2012-13
May 3, 2013
The Chief Executive OfficerAll Primary (Urban) Co-operative Banks
Madam/Dear Sir,
Bank Rate
Please refer to ourcircular UBD.BPD.(PCB).Cir.No.44/16.11.00/2012-13dated March 19, 2013on the captioned subject. As announced in theMonetary Policy Statement for 2013-14, the Bank Rate stands adjusted by 25 basis points from 8.50 per cent to 8.25 per cent with effect from May 3, 2013.
2. All pena...
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RBI |
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Bank Rate
Posted Date : 04-May-2013 , 07:28:26 am | Posted By: CASANSAAR
RBI/2012-13/488DBOD.No.Ret.BC.91 /12.01.001/2012-13
May 3, 2013
All Scheduled Commercial Banks& Local Area Banks
Dear Sir,
Bank Rate
As announced in theAnnual Monetary Policy Statement 2013-14, the Bank Rate stands adjusted by 25 basis points from 8.50 per cent to 8.25 per cent with effect from May 3, 2013.
2. All penal interest rates on shortfall in reserve requirements, which are specifically linked to the Bank Rate, also stand revised as indicated inAnnex.
3. Please acknowledge rec...
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RBI |
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Anti-Money Laundering (AML) standards/Combating the Financing of Terrorism (CFT) Standards - Cross Border Inward Remittance under Money Transfer Service Scheme
Posted Date : 04-May-2013 , 07:27:03 am | Posted By: CASANSAAR
RBI/2012-13/485A.P. (DIR Series) Circular No. 102
May 2, 2013
To,
All Authorised Persons, who are Indian Agents under Money Transfer Service Scheme.
Madam/ Dear Sir,
Anti-Money Laundering (AML) standards/Combating the Financing of Terrorism (CFT) Standards - Cross Border Inward Remittance under Money Transfer Service Scheme
Please refer to ourA.P.(DIR Series) Circular No. 71 dated January 10, 2013on risks arising from the deficiencies in AML/CFT regime of certain jurisdictions.
2. Financi...
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Category :
FEMA |
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Anti-Money Laundering (AML) standards/Combating the Financing of Terrorism (CFT) Standards - Money changing activities
Posted Date : 04-May-2013 , 07:26:13 am | Posted By: CASANSAAR
RBI/2012-13/484A.P. (DIR Series) Circular No. 101
May 2, 2013
To,
All Authorised Persons
Madam/ Dear Sir,
Anti-Money Laundering (AML) standards/Combating the Financing of Terrorism (CFT) Standards - Money changing activities
Please refer to ourA.P.(DIR Series) Circular No. 70 dated January 10, 2013on risks arising from the deficiencies in AML/CFT regime of certain jurisdiction.
2. Financial Action Task Force (FATF) has updated its Statement on the subject and document 'Improving Global A...
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Category :
FEMA |
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Priority Sector Lending - Targets and Classification – Revision of Limits
Posted Date : 04-May-2013 , 07:24:22 am | Posted By: CASANSAAR
RBI/2012-13/487RPCD.CO.Plan. BC 72/04.09.01/2012-13
May 03, 2013
The Chairman/ Managing Director/Chief Executive Officer[All scheduled commercial banks(excluding Regional Rural Banks)
Madam/Dear Sir,
Priority Sector Lending-Targets and Classification – Revision of Limits
Please refer toparagraph 65of the Monetary Policy Statement for the year 2013-14. The following limits under priority sector stand revised upward with effect from April 01, 2013.
1. Agriculture
(i) The limit of loan...
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RBI |
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Standing Liquidity Facilities for Banks and Primary Dealers
Posted Date : 04-May-2013 , 07:23:29 am | Posted By: CASANSAAR
RBI/2012-13/490MPD No.BC. 364/07.01.279/2012-13
May 3, 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 theMonetary Policy Statement 2013-14 dated May 3, 2013, in terms of which the repo rate under the Liquidity Adjustment Facility (LAF) has been reduced by 25 basis points from 7.50 per cent to 7.25 per cent with immediate effect.
2. Accordingly, the Standing Liqu...
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RBI |
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CBDT notifies ITR for A.Y. 2013-14 / FY 2012-13
Posted Date : 04-May-2013 , 07:20:13 am | Posted By: CASANSAAR
INCOME-TAX (THIRDAMENDMENT) RULES, 2013 –AMENDMENTIN RULE 12 & SUBSTITUTION OF FORMS SAHAJ (ITR-1), ITR-2, ITR-3, SUGAM (ITR-4S), ITR-4 AND ITR-V
NOTIFICATIONNO. 34/2013 [F.NO.142/5/2013-TPL]/SO 1111(E), DATED 1-5-2013
Inexerciseof the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:—
1.(1) These rules may be called the Income-tax(3rd...
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Income Tax |
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Amends Notification No. 36/2001-Customs (N.T.), dated the 3rd August, 2001
Posted Date : 01-May-2013 , 07:32:53 am | Posted By: CASANSAAR
Government of India
Ministry of Finance
(Department of Revenue)
(Central Board of Excise and Customs)
Notification
No. 51/2013-CUSTOMS (N. T.)
New Delhi, the 30thof April, 2013
10 Vaisakh, 1935 (SAKA)
S.O. (E).– In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs, being satisfied that it is necessary and expedient so to do, hereby makes the following amendment in the notification of th...
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Corporate Laws |
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Regarding refund of 4% CVD (SAD)-Extension of time upto 30th September 2013, for using re-credited 4% CVD (SAD) amount in DEPB
Posted Date : 30-Apr-2013 , 08:14:18 am | Posted By: CASANSAAR
Circular No. 18 /2013-Customs dated 29-04-2013,Refund of 4% CVD (SAD)-Extension of time upto 30th September 2013, forusing re-credited 4% CVD (SAD) amount in DEPB-Regarding.....
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Category :
Custom |
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