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Anti-Money Laundering/Combating of Financing of Terrorism
Posted Date : 04-Jul-2013 , 10:02:25 pm | Posted By: Vinay Sharma

RBI/2013-14/120DBOD. AML.No. 314/14.01.001/2013-14 July 4, 2013 The Chairmen/CEOs of all Scheduled Commercial Banks(Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir, Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards Please refer to our letterDBOD. AML.No.12913/14.01.001/ 2012-13 dated March 11, 2013on risks arising from the deficiencies in AML/CFT regime of certain jurisdictions. 2. Financial Action Task Force (FATF) has updated ...

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Category : RBI | Comments : 0 | Hits : 792

Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between Government of India and erstwhile USSR
Posted Date : 04-Jul-2013 , 10:02:03 pm | Posted By: Vinay Sharma

RBI/2013-14/119A.P. (DIR Series) Circular No.03 July 04, 2013 To All Category - I Authorised Dealer Banks Madam / Sir, Deferred Payment Protocols dated April 30, 1981 and December 23, 1985between Government of India and erstwhile USSR Attention of Authorised Dealer Category-I (AD Category-I) banks is invited toA.P. (DIR Series) Circular No.112 dated June 20, 2013, wherein the Rupee value of the special currency basket was indicated as Rs.75.705663 effective from June 05, 2013. 2. AD Categ...

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Category : RBI | Comments : 0 | Hits : 708

Risk Management and Inter-Bank Dealings- Liberalization of documentation requirements for the resident entities in the Indian Forex Market
Posted Date : 04-Jul-2013 , 10:01:41 pm | Posted By: Vinay Sharma

RBI/2013-14/118A.P. (DIR Series) Circular No.02 July 04, 2013 To, All Authorised Dealer Category – I Banks Madam / Sir, Risk Management and Inter-Bank Dealings- Liberalization of documentation requirements for the resident entities in the Indian Forex Market Attention of Authorized Dealers Category – I (AD Category – I) banks is invited toA.P. (DIR Series) Circular No. 32 dated December 28, 2010issued on Comprehensive Guidelines on Over the Counter (OTC) Foreign Exchange ...

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Category : FEMA | Comments : 0 | Hits : 743

Foreign Investment in India
Posted Date : 04-Jul-2013 , 10:01:14 pm | Posted By: Vinay Sharma

RBI/2013-14/117A.P. (DIR Series) Circular No.01 July 04, 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 Dealer Category – I (AD Category-I) banks is invited to Foreign Exchange Management (Transfer or Issue of Security by a Person Re...

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Category : FEMA | Comments : 0 | Hits : 947

Amendment of Category 3D001 of SCOMET List
Posted Date : 04-Jul-2013 , 09:59:13 pm | Posted By: Vinay Sharma

TO BE PUBLISHED IN THE GAZETTE OF INDIA PART – II, SECTION – 3, SUB SECTION (ii) EXTRAORDINARY GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY DEPARTMENT OF COMMERCE NOTIFICATION No. 26 (RE-2013)/2009-2014 New Delhi, Dated : 3rdJuly, 2013 S.O. (E)-In exercise of powers conferred bySection 5andSection 14 Aof theForeign Trade (Development & Regulation) Act, 1992 {FT(D&R) Act,1992}as amended in 2010, the Central Government hereby makes amendment to the list of spec...

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Category : DGFT | Comments : 0 | Hits : 1184

Seeks to levy anti-dumping duty imposed on imports of
Posted Date : 04-Jul-2013 , 09:58:37 pm | Posted By: Vinay Sharma

TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 15/2013-Customs (ADD) New Delhi, the 3rdJuly, 2013 G.S.R. (E).-Whereas, in the matter of levy of anti-dumping duty on Poly Vinyl Chloride Paste Resin also called as PVC Emulsion Resin (hereinafter referred to as the subject goods), falling undersub-heading 3904 22 10 of the First Scheduleto theCustoms Tariff Act, 1975...

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Category : Custom | Comments : 0 | Hits : 912

Rate of exchange of conversion of each of the foreign currency with effect from 5th July 2013
Posted Date : 04-Jul-2013 , 09:57:36 pm | Posted By: Vinay Sharma

[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 NOTIFICATION NO. 70/2013-CUSTOMS (N.T.) Dated : July 04, 2013 13Shravana, 1935(SAKA) S.O. (E). –In exercise of the powers conferred bysection 14of theCustoms Act, 1962 (52 of 1962), and in super session of thenotification of the Government of India in the Ministry of Finance (Department of R...

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Category : Custom | Comments : 0 | Hits : 864

Amendment in Para 4A.2.1 and 4A.2.2 of FTP
Posted Date : 04-Jul-2013 , 09:56:32 pm | Posted By: Vinay Sharma

TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY PART-II, SECTION-3, SUB SECTION (ii) GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY DEPARTMENT OF COMMERCE NOTIFICATION NO. 25 (RE-2013)/ 2009-2014 NEW DELHI, DATED The 3rdJuly, 2013 In exercise of powers conferred bySection 5of theForeign Trade (Development & Regulation) Act, 1992 (No.22 of 1992)read withparagraph 1.2of theForeign Trade Policy, 2009-2014, the Central Government hereby notifies the following amendments in th...

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Category : DGFT | Comments : 0 | Hits : 1086

Seeks to impose anti-dumping duty on imports of
Posted Date : 04-Jul-2013 , 09:56:03 pm | Posted By: Vinay Sharma

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 14/2013-Customs (ADD) New Delhi, dated the 3rdJuly, 2013 G.S.R. (E).-Whereas in the matter of import of Acetone (hereinafter referred to as the subject goods), falling under tariff item 2914 11 00 of theFirst Scheduleto theCustoms Tariff Act, 1975 (51 of 1975)(hereinafter referred to as the said Customs Tariff Act) ,...

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Category : Custom | Comments : 0 | Hits : 925

Implementation of Cadre Restructuring in the Income Tax Department : Constitution of Sub-committee No.7: Infrastructure Requirements
Posted Date : 04-Jul-2013 , 08:23:29 am | Posted By: Vinay Sharma

C.R.I. -13/1(Core Comm) : Corr. No. 9 GOVERNMENT OF INDIA CENTRAL BOARD OF DIRECT TAXES DIRECTORATE OF INCOME TAX (HUMAN RESOURCE DEVELOPMENT) ICADR Building, Plot No. 6, Vasant Kunj Institutional Area Phase-II, New Delhi 110070. Ph. 26130599, Fax 26130598 F. No. HRD/CM/102/3/2009-10/(Pt)/1100 Dated : 2ndJuly, 2013 Office Order Sub:-Implementation of Cadre Restructuring in the Income TaxDepartment : Constitution of Sub-committee No.7:Infrastructure Requirements 1. Pursuant to the appro...

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Category : Income Tax | Comments : 0 | Hits : 807

Implementation of Cadre Restructuring in Income Tax Department : Constitution of Sub-committee No.6 : Recruitment Rules for Group B & C Cadres
Posted Date : 04-Jul-2013 , 08:23:00 am | Posted By: Vinay Sharma

C.R.I. -13/1(Core Comm) : Corr. No. 8 GOVERNMENT OF INDIA CENTRAL BOARD OF DIRECT TAXES DIRECTORATE OF INCOME TAX (HUMAN RESOURCE DEVELOPMENT) ICADR Building, Plot No. 6, Vasant Kunj Institutional Area Phase-II, New Delhi 110070. Ph. 26130599, Fax 26130598 F. No. HRD/CM/102/3/2009-10/(Pt)/1098 Dated : 2ndJuly, 2013 Office Order Sub:-Implementation of Cadre Restructuring in Income Tax Department :Constitution of Sub-committee No.6 :Recruitment Rules for Group B & C Cadres 1. Pursuan...

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Category : Income Tax | Comments : 0 | Hits : 990

Implementation of Cadre Restructuring proposals Income Tax Department : Constitution of Sub-committee No.5 : IRS Recruitment Rules
Posted Date : 04-Jul-2013 , 08:22:34 am | Posted By: Vinay Sharma

C.R.I. -13/1(Core Comm) : Corr. No. 7 GOVERNMENT OF INDIA CENTRAL BOARD OF DIRECT TAXES DIRECTORATE OF INCOME TAX (HUMAN RESOURCE DEVELOPMENT) ICADR Building, Plot No. 6, Vasant Kunj Institutional Area Phase-II, New Delhi 110070. Ph. 26130599, Fax 26130598 F. No. HRD/CM/102/3/2009-10/(Pt)/1099 Dated : 2ndJuly, 2013 Office Order Sub:-Implementation of Cadre Restructuring proposals Income TaxDepartment : Constitution of Sub-committee No.5 :IRS Recruitment Rules 1.Pursuant to the approv...

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Category : Income Tax | Comments : 0 | Hits : 858

Implementation of the Cadre Restructuring proposals in Income Tax Department : Constitution of Sub-committee No.4: Recruitment of Group B & C Cadres and Training Needs
Posted Date : 04-Jul-2013 , 08:22:05 am | Posted By: Vinay Sharma

C.R.I. -13/1(Core Comm) : Corr. No. 6 GOVERNMENT OF INDIA CENTRAL BOARD OF DIRECT TAXES DIRECTORATE OF INCOME TAX (HUMAN RESOURCE DEVELOPMENT) ICADR Building, Plot No. 6, Vasant Kunj Institutional Area Phase-II, New Delhi 110070. Ph. 26130599, Fax 26130598 F. No. HRD/CM/102/3/2009-10/(Pt)/1097 Dated : 2ndJuly, 2013 Office Order Sub:-Implementation of the Cadre Restructuring proposals in Income TaxDepartment : Constitution of Sub-committee No.4 :Recruitment of Group B & C Cadres and ...

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Category : Income Tax | Comments : 0 | Hits : 802

Implementation of Cadre Restructuring in Income Tax Department : Constitution of Sub-committee No.3: Restructuring of Directorates
Posted Date : 04-Jul-2013 , 08:21:35 am | Posted By: Vinay Sharma

GOVERNMENT OF INDIA CENTRAL BOARD OF DIRECT TAXES DIRECTORATE OF INCOME TAX (HUMAN RESOURCE DEVELOPMENT) ICADR Building, Plot No. 6, Vasant Kunj Institutional Area Phase-II, New Delhi 110070. Ph. 26130599, Fax 26130598. F. No. HRD/CM/102/3/2009-10/(Pt)/1096 Dated : 2ndJuly, 2013 Sub:-Implementation of Cadre Restructuring in Income Tax Department :Constitution of Sub-committee No. 3:Restructuring of Directorates 1. Pursuant to the approval of the Government to the RestructuringProposal ...

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Category : Income Tax | Comments : 0 | Hits : 825

Implementation of the Cadre Restructuring proposals in Income Tax Department : Constitution of Sub-committee No. 2: DPCs
Posted Date : 04-Jul-2013 , 08:21:01 am | Posted By: Vinay Sharma

GOVERNMENT OF INDIA CENTRAL BOARD OF DIRECT TAXESDIRECTORATE OF INCOME TAX (HUMAN RESOURCE DEVELOPMENT) ICADR Building, Plot No. 6, Vasant Kunj Institutional Area Phase-II, New Delhi 110070. Ph. 26130599, Fax 26130598. F. No. HRD/CM/102/3/2009-10/(Pt)/1095 Dated : 2ndJuly, 2013 Office Order Sub:-Implementation of the Cadre Restructuring proposals in Income Tax Department: Constitution of Sub-committee No. 2:DPCs 1. Pursuant to the approval of the Government to the RestructuringProposal...

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Category : Income Tax | Comments : 0 | Hits : 818

Implementation of the Cadre Restructuring proposals in Income Tax Department : Constitution of Sub-committee No.1: Jurisdiction & Deployment of Posts
Posted Date : 04-Jul-2013 , 08:20:25 am | Posted By: Vinay Sharma

GOVERNMENT OF INDIA CENTRAL BOARD OF DIRECT TAXESDIRECTORATE OF INCOME TAX (HUMAN RESOURCE DEVELOPMENT) ICADR Building, Plot No. 6, Vasant Kunj Institutional Area Phase-II, New Delhi 110070. Ph. 26130599, Fax 26130598. F. No. HRD/CM/102/3/2009-10/(Pt)/1094 Dated : 2ndJuly, 2013 Office Order Sub:-Implementation of the Cadre Restructuring proposals in Income Tax Department: Constitution of Sub-committee No.1: Jurisdiction & Deployment of Posts 1. Pursuant to the approval of the Gove...

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Category : Income Tax | Comments : 0 | Hits : 796

Filling up of the post of Console Operator in the Directorate General of Foreign Trade (DGFT), Department of Commerce.
Posted Date : 03-Jul-2013 , 09:42:31 pm | Posted By: Vinay Sharma

Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhavan, New Delhi-110011 Dated the, 28thJune, 2013 VACANCY CIRCULAR Subject:- Filling up of the post of Console Operator in the Directorate General of Foreign Trade (DGFT), Department of Commerce. It is proposed to fill up Head Quarters -03; Western Zone - 02; Eastern Zone - 01; Suthern Zone - 01; Total Vacancies- 07 (Seven only) posts of Console Operator {Pay Scale:R...

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Category : DGFT | Comments : 0 | Hits : 1074

Non-requirement of Registration Certificates for export of non-basmati rice and wheat [except for export to Bangladesh & Nepal through non-EDI Land Custom Stations (LCS)].
Posted Date : 03-Jul-2013 , 09:41:19 pm | Posted By: Vinay Sharma

Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi Trade Notice No. 4/2013 Dated 2ndJuly, 2013 To All RAs of DGFT All Custom Authorities Members of Trade Subject: Non-requirement of Registration Certificates for export of non-basmati rice and wheat [except for export to Bangladesh & Nepal through non-EDI Land Custom Stations (LCS)]. Reference:Trade Notice No. 3/2013 dated 28.05.2013. Throu...

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Category : DGFT | Comments : 0 | Hits : 1047

Regarding file audit report in Form-AR-1
Posted Date : 03-Jul-2013 , 09:37:58 pm | Posted By: Vinay Sharma

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Category : VAT | Comments : 0 | Hits : 1196

Extension of date of filing Stock Statement in Form Stock -1 online
Posted Date : 03-Jul-2013 , 09:36:16 pm | Posted By: Vinay Sharma

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Category : VAT | Comments : 0 | Hits : 1097

Raising Money through Private Placement by NBFCs-Non-Convertible Debentures (NCDs) -Clarification
Posted Date : 03-Jul-2013 , 09:34:03 pm | Posted By: Vinay Sharma

RBI/2013-14/115DNBS(PD) CC No.349/03.10.001/2013-14 July 02, 2013 All NBFCs (including PDs) Dear Sirs Raising Money through Private Placement by NBFCs-Non-Convertible Debentures (NCDs) -Clarification Please refer to our circularDNBS (PD) CC No.330/03.10.001/2012-13 dated June 27, 2013. 2. We have received a number of queries in the matter from the industry. The main refrain of the sector is that the withdrawal of the current facility of issuing NCDs without any restrictions would result in...

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Category : RBI | Comments : 0 | Hits : 843

Capital Requirements for Banks
Posted Date : 02-Jul-2013 , 09:51:07 pm | Posted By: Vinay Sharma

RBI/2013-14/113 DBOD.No.BP.BC.28 /21.06.201/2013-14 July 2, 2013 The Chairman and Managing Director/ Chief Executives Officer of All Scheduled Commercial Banks (Excluding Regional Rural Banks) Madam / Dear Sir, Capital Requirements for Banks’ Exposures to Central Counterparties Please refer to the paragraph 77 (extract enclosed) of the Monetary Policy Statement for 2013-14 announced on May 3, 2013. It was indicated therein that the final guidelines on capital requirements for banks&rs...

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Category : RBI | Comments : 0 | Hits : 885

Refund of tax paid on services received by Special Economic Zones/Developers - New procedures/computation method notified
Posted Date : 02-Jul-2013 , 09:45:18 pm | Posted By: Vinay Sharma

SECTION 93 OF THE FINANCE ACT, 2013 – EXEMPTIONS FROM SERVICE TAX - REFUND OF TAX PAID ON SERVICES RECEIVED BY SPECIAL ECONOMIC ZONES/DEVELOPERS - NOTIFICATION NO.40/2012-ST RESCINDED; PROCEDURE FOR REFUND RATIONALIZED NOTIFICATION NO.12/2013-ST,DATED 1-7-2013 In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994) (hereinafter referred to as the said Act) read with sub-section 3 of section 95 of Finance (No.2), Act, 2004 (23 of 2004) an...

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Category : Service Tax | Comments : 0 | Hits : 924

TP circular on application of PSM is rescinded; circular on identification of development centres amended
Posted Date : 01-Jul-2013 , 09:59:51 pm | Posted By: Vinay Sharma

WITHDRAWAL/AMENDMENT OF - CIRCULARS ON TRANSFER PRICING PRESS RELEASE,DATED 29-6-2013 Chapter X of the Income-tax Act, 1961 contains special provisions relating to avoidance of tax. Terms such as 'associated enterprise', 'international transaction', 'intangible property', and 'specified domestic transaction' are defined in different sections of the Chapter. Section 92C provides that the arm's length price in relation to an international transaction or specified domestic transaction s...

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Category : Income Tax | Comments : 0 | Hits : 764

TP Circular No. 3 on identification of development centres is amended
Posted Date : 01-Jul-2013 , 09:59:27 pm | Posted By: Vinay Sharma

SECTION 92C OF THE INCOME-TAX ACT, 1961 - TRANSFER PRICING - COMPUTATION OF ARM'S LENGTH PRICE - CLARIFICATIONS ON FUNCTIONAL PROFILE OF DEVELOPMENT CENTERS ENGAGED IN CONTRACT R&D SERVICES WITH INSIGNIFICANT RISK - CONDITIONS RELEVANT TO IDENTIFY SUCH DEVELOPMENT CENTERS - AMENDMENT OF CIRCULAR NO. 3/2013, DATED 26-3-2013 CIRCULAR NO.06/2013 [F NO. 500/139/2012],DATED 29-6-2013 It has been brought to the notice of CBDT that there is divergence of views amongst the field officers and taxp...

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Category : Income Tax | Comments : 0 | Hits : 757

Circular No. 2 is withdrawn to curb an impression that PSM is most appropriate method in case of intangibles
Posted Date : 01-Jul-2013 , 09:58:58 pm | Posted By: Vinay Sharma

SECTION 92C OF THE INCOME-TAX ACT, 1961 - READ WITH RULE 10B OF THE INCOME-TAX RULES, 1962 - TRANSFER PRICING - COMPUTION OF ARM'S LENGTH PRICE - APPLICATION OF PROFIT SPLIT METHOD - WITHDRAWAL OF CIRCULAR NO. 2/2013, DATED 26-3-2013 CIRCULAR NO. 5/2013 [F. NO. 500/139/2012-FTD-I],DATED 29-6-2013 The Central Board of Direct Taxes had issued Circular No. 2 (hereinafter called "the Circular") on 26th March 2013 regarding application of Profit Split Method. 2. It is noticed the Circular appea...

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Category : Income Tax | Comments : 0 | Hits : 804

Regarding import of Pets under Baggage
Posted Date : 01-Jul-2013 , 09:05:04 pm | Posted By: CASANSAAR

Circular No.25 /2013 - Customs F. No. 495/16/2012-Cus.VI Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs ***** Room No.253-A, North Block, New Delhi the 1stJuly, 2013. To, All Chief Commissioners of Customs, All Chief Commissioners of Customs (Preventive), All Chief Commissioners ofC.Ex., Customs &S.Tax. All Director Generals. Sir/Madam, Subject:Import of Pets under Baggage–reg. Attention is invited to Boar...

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Category : Custom | Comments : 0 | Hits : 965

RBI Master Circulars (DGBA.CDD) July-2013
Posted Date : 01-Jul-2013 , 08:53:37 pm | Posted By: CASANSAAR

RBI Circulars July-2013 Circular Number Date Of Issue Department Subject Meant For RBI/2013-2014/82DGBA.CDD. No. 7917/13.01.299/2013-14 1.7.2013 Department of Government and Bank Accounts Master Circular on Nomination facility for Relief/Savings Bonds The Chairman/Managing Director Head Office (Government Accounts Department) State Bank of India and Associates, All Nationalized banks (Excluding Punjab and Sind Bank & Andhra Bank), A...

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Category : RBI | Comments : 0 | Hits : 859

RBI Master Circulars (DCM) July-2013
Posted Date : 01-Jul-2013 , 08:51:29 pm | Posted By: CASANSAAR

RBI Circulars July-2013 Circular Number Date Of Issue Department Subject Meant For RBI/2013-2014/91DCM (NE) No. G - 4/08.07.18/2013-14 1.7.2013 Department of Currency Management Master Circular – Facility for Exchange of Notes and Coins The Chairman and Managing Director / The Chief Executive Officer All Banks RBI/2013-2014/87DCM(FNVD) G- 5/16.01.05/2013-14 1.7.2013 Department of Currency Management Master Circular – Detection and Impounding of Counter...

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Category : RBI | Comments : 0 | Hits : 1222

RBI Master Circulars (DBOD) July-2013
Posted Date : 01-Jul-2013 , 08:43:50 pm | Posted By: CASANSAAR

RBI Circulars July-2013 Circular Number Date Of Issue Department Subject Meant For RBI/2013-2014/110DBOD. No. Dir. BC.26/13.03.00/2013-14 1.7.2013 Department of Banking Operations and Development Recommendations of Damodaran Committee on Customer Service in Banks- Uniformity in Intersol Charges All Scheduled Commercial Banks (Excluding RRBs) RBI/2013-2014/80DBOD.FID.FIC.No.4/01.02.00/2013-14 1.7.2013 Department of Banking Operations ...

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Category : RBI | Comments : 0 | Hits : 1485

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