Excise duty imposition on articles of jewellery in the Budget 2016-17
Posted Date : 27-Jul-2016 , 10:45:23 am | Posted By: ISHU KAUR
taxability of stock on february 29,2016-excise duty imposition on articles of jewellery in the budget 2016-2017
central excise duty of 1% without input and capital good tax credit or 12.5% with credit was imposed on articles of jewellery falling under heading 7113.
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Excise |
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Regarding assessment of Bulk liquid Cargo
Posted Date : 26-Jul-2016 , 05:12:30 pm | Posted By: ISHU KAUR
Assessment of Bulk Liquid Cargo regarding:
Kindly refer to the judgement of hon'ble supreme court in case of mangalore refinery and petrochemicals ltd. vs commissioner of custom,mangalore dated 02/09/2015 [2015(323)E.L.T.423 (S.C.)]
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Custom |
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Draft Rules for prescribing the manner of determination of amount received by the company in respect of share
Posted Date : 26-Jul-2016 , 08:01:04 am | Posted By: CASANSAAR
CBDT prescribes method to determine shares consideration for buy-back tax; releases draft rules.
Under section 115QA of the Income-tax Act, 1961 (the Act), additional Income-tax at the rate of 20 percentis levied on the distributed income arising out of buy back of unlisted share by the company. The distributed income was defined to be the consideration paid by the company on buy back of shares as reduced by the amount which was received by the company for issue of such shares...
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Income Tax |
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Review of entity based facilitation programmes viz. Accredited Client Programme (ACP) and Authorized Economic Operator (AEO) programme — Revised Guidelines.
Posted Date : 23-Jul-2016 , 10:55:32 am | Posted By: ISHU KAUR
: Review of entity based facilitation programmes viz. Accredited Client Programme (ACP) and Authorized Economic Operator (AEO) programme — Revised Guideline...
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Custom |
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Liquidity Coverage Ratio (LCR), Liquidity Risk Monitoring Tools and LCR Disclosure Standards
Posted Date : 22-Jul-2016 , 07:25:59 am | Posted By: CASANSAAR
RBI/2016-17/25
DBR.BP.BC.No.2/21.04.098/2016-17
July 21, 2016
All Scheduled Commercial Banks
(excluding RRBs)
Dear Sir,
Basel III Framework on Liquidity Standards – Liquidity Coverage Ratio (LCR), Liquidity Risk Monitoring Tools and LCR Disclosure Standards
Please refer to ourcirculars DBOD.BP.BC.No.120/21.04.098/2013-14 dated June 9, 2014,DBR.BP.BC.No.52/21.04.098/2014-15 dated November 28, 2014andDBR.BP.BC.No.77/21.04.098/2015-16 dated February 11, 2016on ‘Basel II...
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RBI |
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Classification of Micronutrients, Multi-micronutrients, Plant Growth Regulators and Fertilizers-clarification regarding classification of Glyphosates
Posted Date : 21-Jul-2016 , 05:05:06 pm | Posted By: ISHU KAUR
classification of micronutrients,multi micronutrients,plant growth regulators,and fertilizers clarification regarding classification of Glyphosates -reg....
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Excise |
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Master Direction on Currency Distribution & Exchange Scheme (CDES) based on performance in rendering customer service to the members of public
Posted Date : 21-Jul-2016 , 07:31:34 am | Posted By: CASANSAAR
RBI/DCM/2016-17/36
Master Direction DCM (CC) No.G-4/03.41.01/2016-17
July 20, 2016
The Chairman and Managing Director /
Chief Executive Officers,
All Banks
Madam / Dear Sir,
Master Direction on Currency Distribution & Exchange Scheme (CDES) based on performance in rendering customer service to the members of public
In terms of the Preamble and under Section 45 of the RBI Act, 1934, and 35 A of the Banking Regulation Act, 1949, the Bank issues guidelines / instructions for r...
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RBI |
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Master Circular –Scheme of Penalties for bank branches based on performance in rendering customer service to the members of public
Posted Date : 21-Jul-2016 , 07:30:46 am | Posted By: CASANSAAR
RBI/2016-17/23
DCM (CC) No.G-3/03.44.01/2016 – 17
July 20, 2016
The Chairman & Managing Director
Chief Executive Officers
All Banks
Madam / Dear Sir,
Master Circular –Scheme of Penalties for bank branches based on performance in rendering customer service to the members of public
Please refer to theCircular DCM (CC) No.G-10/03.41.01/2015-16 dated May 05, 2016on the revised scheme of incentives titled – CDES i.e. Currency Distribution and Exchange Scheme.
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RBI |
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Master Circular – Detection and Impounding of Counterfeit Notes
Posted Date : 21-Jul-2016 , 07:29:59 am | Posted By: CASANSAAR
RBI/2016-17/22
DCM (FNVD) G–6/16.01.05/2016-17
July 20, 2016
The Chairman / Managing Director,
Commercial Banks, Cooperative Banks, RRBs,
Private Banks, Foreign Banks and
Director of Treasuries of all States
Dear Sir / Madam,
Master Circular – Detection and Impounding of Counterfeit Notes
Please refer to theMaster Circular DCM (FNVD) No.G-4/16.01.05/2015-16 dated July 1, 2015(updated on 28 Sept 2015) consolidating the instructions issued till Sept. 28, 2015, relati...
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RBI |
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In exercise of the powers conferred by sub- section (1) of section 381 of the Companies Act, 2013 (18 of 2013)
Posted Date : 20-Jul-2016 , 02:23:35 pm | Posted By: Era Shoor
S.O.. . ... ... . . . . . (E) - In exercise of the powers conferred by sub- section (1) of section 381 of the Companies Act, 2013 (18 of 2013) (hereinafter referred to as "the Act") and in supersession of the notification number G.S.R 59, dated 06.01.1959 issued under sub-section (1) of section 594 of the Companies Act, 1956 (1' of1956), in so far as it relates to the foreign comPany which is an airlines company, the Central Government hereby directs that the requirement of clause (a) of sub-sec...
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Companies Act |
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Companies (Share Capital and Debentures) Third Amendment Rules, 2016
Posted Date : 20-Jul-2016 , 01:34:59 pm | Posted By: Era Shoor
G.S.R. ......(E).-In exercise of the powers conferred by sub-sections (1) and(2) of section 46g of the Companies Act, 2013(18of2013), the Central Government hereby makes the following rules further to amend the Companies (Share Capital and Debentures) Rules, 2014'namely"-...
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Companies Act |
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Classification of Tamarind Kernel Powder under CETA, 1985
Posted Date : 20-Jul-2016 , 11:33:07 am | Posted By: ISHU KAUR
representations have been receivedfrom the members of the trade requesting clarification regarding classification of tamarind kernel powder....
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Excise |
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Manual Signature on Digitally Signed Invoices
Posted Date : 20-Jul-2016 , 08:57:04 am | Posted By: CASANSAAR
It is hereby clarified that a manufacturer or a service provider who opts to issue invoices authenticated by digital signature may print a copy of such invoice and signed them manually and forward the same to such customers who are unable to accept or receive the digitally signed invoices....
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Excise |
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Master Circular – Facility for Exchange of Notes and Coins
Posted Date : 19-Jul-2016 , 07:21:39 am | Posted By: CASANSAAR
RBI/2016-17/21
DCM (NE) No.G-1/08.07.18/2016-17
July 18, 2016
The Chairman and Managing Director /
The Managing Director/
The Chief Executive Officer
All Banks
Madam / Dear Sir
Master Circular – Facility for Exchange of Notes and Coins
Please refer to theMaster Circular DCM (NE) No.G-2/08.07.18/2015-16 dated July 01, 2015containing instructions on the facility for exchange of notes and coins. A revised version of Master Circular on the subject isannexedfor your informati...
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RBI |
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Companies must obtain written consent from Cost Auditor prior to his appointment
Posted Date : 16-Jul-2016 , 09:04:28 am | Posted By: CASANSAAR
Companies (cost records and audit) Amendment Rules, 2016, Dated 14-07-2016.
G.S.R................. (E).- In exercise ofthe powers conferred by sub-sections (1) and(2) ofsection 469 and section 148 of the Companies Act, 2013 (1.8 of 201.3) (hereinafter referred as the Act), the Central Government hereby makes the following rules further to amend the Companies (cost records and audit) Rules, 2014, namely
CLICK HERE FOR RULES...
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Companies Act |
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Sovereign Gold Bonds, 2016-17 - Operational Guidelines
Posted Date : 15-Jul-2016 , 07:57:18 am | Posted By: CASANSAAR
RBI/2016-17/19
IDMD.CDD.No.112/14.04.050/2016-17
July 14, 2016
The Chairman & Managing Director
All Scheduled Commercial Banks
(Excluding RRBs)
Designated Post Offices
Stock Holding Corporation of India ltd.(SHCIL)
National Stock Exchange of India Ltd. & Bombay Stock Exchange
Dear Sir/Madam,
Sovereign Gold Bonds, 2016-17 - Operational Guidelines
This has reference to theGoI notification F.No.4(7)-W&M/2016andRBI circular IDMD.CDD.No.2020/14.04.050/2016-17 dated Ju...
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RBI |
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Master Circular – Mobile Banking transactions in India – Operative Guidelines for Banks
Posted Date : 15-Jul-2016 , 07:56:34 am | Posted By: CASANSAAR
RBI/2016-17/17
DPSS.CO.PD.Mobile Banking.No./2/02.23.001/2016-2017
July 1, 2016
The Chairman and Managing Director / Chief Executive Officers
All Scheduled Commercial Banks including RRBs /
Urban Co-operative Banks / State Co-operative Banks /
District Central Co-operative Banks
Madam /Dear Sir,
Master Circular – Mobile Banking transactions in India – Operative Guidelines for...
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RBI |
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Master Circular – Policy Guidelines on Issuance and Operation of Pre-paid Payment Instruments in India
Posted Date : 15-Jul-2016 , 07:55:34 am | Posted By: CASANSAAR
RBI/2016-2017/16
DPSS.CO.PD.PPI.No.01/02.14.006/2016-17
July 01, 2016
All Prepaid Payment Instrument Issuers, System Providers, System Participants
and all other Prospective Prepaid Payment Instrument Issuers
Madam / Dear Sir,
Master Circular – Policy Guidelines on Issuance and Operation of Pre-paid Payment Instruments in India
As you are aware, the Reserve Bank of India has, from time to time, issued a number of circulars containing policy guidelines on Issuance and Opera...
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RBI |
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Facility for Exchange of Soiled/ Mutilated/ Imperfect Notes
Posted Date : 15-Jul-2016 , 07:53:55 am | Posted By: CASANSAAR
RBI/2016-17/15
DCM (NE) No.120/08.07.18/2016-17
July 14, 2016
Chairman and Managing Director/
Managing Director / Chief Executive Officer
All Banks
Dear Sir / Madam,
Facility for Exchange of Soiled/ Mutilated/ Imperfect Notes
Please refer toReserve Bank of India (Note Refund) Rules, 2009(NRR, 2009) andMaster Circular DCM (NE) No.G-2/08.07.18/2015-16 dated July 1, 2015on the captioned subject.
2. The facility of exchanging mutilated/ imperfect notes is available under Note Re...
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RBI |
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Investments in Non-SLR instruments by State / Central Co-operative Banks
Posted Date : 15-Jul-2016 , 07:53:12 am | Posted By: CASANSAAR
RBI/2016-17/14
DCBR.BPD.BC.No. 01/19.51.026/2016-17
Ashadha 23, 1938
July 14, 2016
All State / Central Co-operative Banks
Dear Sir / Madam,
Investments in Non-SLR instruments by State / Central Co-operative Banks
Please refer to ourcirculars RPCD.CO.RF.BC.26/07.02.03/2005-06 dated August 4, 2005andDCBR.CO.RCBD.BC.No.5/19.51.026/2015-16 dated October 21, 2015on the captioned subject.
2. With a view to providing greater flexibility to State and Central Co-operative Banks (StCBs...
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RBI |
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Ensuring 100% data entry of IDS Form 1 received in paper format by PCIT/CI
Posted Date : 12-Jul-2016 , 07:46:59 am | Posted By: CASANSAAR
DIRECTORATE OF INCOME TAX (SYSTEMS)
ARA Center, Ground Floor, E-2, Jhandewalan Extension,
New Delhi – 110055
F.No. 1/20/CIT(OSD)/efiling/Electronic Verification/2013-14
Dated: 11/07/2016
To
The Principal Chief Commissioners of Income-tax/ CCsIT (By Name)
The Principal Commissioner of Income-tax/CsIT/CsIT(CO) (By Name)
Sir/Madam
Subject: Ensuring 100% data entry of IDS Form 1 received in paper format by PCIT/CIT- reg.
I have been directed to request that all PCIT/CIT...
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CBDT |
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Issue of notices under section 143(2) of Income-tax Act, 1961 in revised format
Posted Date : 11-Jul-2016 , 10:19:04 pm | Posted By: CASANSAAR
F.No. 225/162/2016/ITA.II
Government of India
Ministry of Finance
Department of Revenue (CBDT)
F.No. 225/162/2016/ITA.II
North Block, New Delhi, Dated the11th of July, 2016
To
All Pr. CCsIT/Pr. CCIT(International-tax)/CCIT(Exemptions)/Pr. DsGIT
Subject: – Issue of notices under section 143(2) of Income-tax Act, 1961 in revisedformat-regd.
With reference to the above, I am directed to state that Central Board of Direct Taxes, with approval of the Revenue Secretary, has de...
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Income Tax |
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Scope of word 'site' appearing in Notification No. 12/2012-Central Excise, dated 17.03.2012
Posted Date : 11-Jul-2016 , 11:42:15 am | Posted By: Era Shoor
Scope of word 'site' appearing in Notification No. 12/2012-Central Excise, dated 17.03.2012.
...
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Category :
Excise |
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Revision of interest rates for Small Savings Schemes
Posted Date : 09-Jul-2016 , 11:41:47 am | Posted By: CASANSAAR
Please refer to ourcircular RBI/2014-15/536 dated April 1, 2015on the above subject. The Government of India, have vide their Office Memorandum (OM) No.F.No. 1/04/2016 –NS.II dated March 18, 2016, advised the revised rate of interest on various small savings schemes for the first quarter of the financial year 2016-17 (copy enclosed).
2. The contents of this circular may be brought to the notice of the branches of your bank operating Government small saving schemes for necessary action. ...
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RBI |
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Master Direction - Other Remittance Facilities
Posted Date : 09-Jul-2016 , 11:16:15 am | Posted By: CASANSAAR
All Primary (Urban) Co-operative Banks (UCBs),
State / District Central Co-operative Banks (StCBs / DCCBs)
Dear Sir / Madam
Long Term (Subordinated) Deposits (LTDs) – Review of guidelines
Please refer to ourcirculars UBD.PCB.Cir.No.4/09.18.201/08-09 dated July 15, 2008andRPCD.RCB.BC.73/07.51.012/2013-14 dated January 7, 2014prescribing guidelines for issue of Long Term (Subordinated) Deposits by UCBs and StCBs/DCCBs respectively.
2. On a review, it has been decided to provide ...
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RBI |
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CENTRAL BOARD OF ECISE AND CUSTOMS
Posted Date : 09-Jul-2016 , 11:01:34 am | Posted By: CASANSAAR
S.O. (E). - In exercise of the powers conferred by clause (ii) of sub-section (2) of section 61 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs, being satisfied that it is necessary in the public interest so to do, hereby rescinds the notification of the Government of India in the Ministry of Finance (Department of Revenue), number 18/2003-Customs, dated 1st march 2003, published in the Gazette of India, Extraordinary, Part II, Section 3, sub-section(i),vide number...
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RBI |
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Discontinuation of Reporting of Bank Guarantee on behalf of service importers
Posted Date : 09-Jul-2016 , 10:56:30 am | Posted By: CASANSAAR
Dear Sir
Revision of interest rates for Small Savings Schemes
Please refer to ourcircular RBI/2014-15/536 dated April 1, 2015on the above subject. The Government of India, have vide their Office Memorandum (OM) No.F.No. 1/04/2016 –NS.II dated March 18, 2016, advised the revised rate of interest on various small savings schemes for the first quarter of the financial year 2016-17 (copy enclosed).
2. The contents of this circular may be brought to the notice of the branches of your b...
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RBI |
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CENTRAL BOARD OF ECISE AND CUSTOMS
Posted Date : 09-Jul-2016 , 10:53:08 am | Posted By: CASANSAAR
Customs (N.T.) S.O. (E). - In exercise of the powers conferred by clause (a) of sub-section (1) of the section 7 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs, hereby makes the following further amendments in the notification of the Government of India, in the Ministry of Finance (Department of Revenue) No. 62/1994 –Customs (N.T), dated the 21st November, 1994, published in the Gazette of India, vide number S.O. 829 (E), dated the 21st November, 1994, name...
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RBI |
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Deendayal Antyodaya Yojana- National Urban Livelihoods Mission (DAY-NULM)
Posted Date : 09-Jul-2016 , 10:44:05 am | Posted By: CASANSAAR
Dear Sir/Madam,
Master Circular: Deendayal Antyodaya Yojana- National Urban Livelihoods Mission (DAY-NULM)
Reserve Bank of India has periodically issued instructions/directives to banks with regard to operationalisation of the Government of India’s National Urban Livelihoods Mission (NULM) Scheme now renamed as “Deendayal Antyodaya Yojana- National Urban Livelihoods Mission (DAY-NULM)”. To enable banks to have current instructions at one place, thisMaster Circularis being...
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RBI |
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Operationalisation of Central KYC Registry (CKYCR) and KYC norms for Foreign Portfolio Investors (FPIs)
Posted Date : 08-Jul-2016 , 10:35:32 pm | Posted By: CASANSAAR
RBI/2016-2017/11
DBR.AML.BC.No.1/14.01.001/2016-17
July 8, 2016
All Regulated Entities (REs)
Dear Sir/Madam,
Amendment to Master Direction on KYC – Operationalisation of Central KYC Registry (CKYCR) and KYC norms for Foreign Portfolio Investors (FPIs)
In exercise of the powers conferred under Section 35A of the Banking Regulation Act, 1949, the Reserve Bank of India hereby directs that the Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016Master Direction No....
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RBI |
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