RBI/2011-12/476 UBD.BPD.(PCB). Cir.No. 29/13.05.000/ 2011-12 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Madam / Dear Sir, Discounting of Bills by UCBs Restricted Letters of Credit (LC) Please refer to our Circular UBD.No.BPD.PCB.Cir.37/13.05.00/2003-2004 dated March 16, 2004 wherein UCBs were advised, inter alia, that they should purchase / discount / negotiate bills under… Read More
RBI/2011-12/477 A. P. (DIR Series) Circular No. 98 To, All Category I Authorised Dealer Banks Madam / Sir, Discontinuation of Supplying Printed GR forms by Reserve Bank Attention of Authorised Dealer Category I banks is invited to A.P. (DIR Series) Circular No. 60 dated March 26, 2009, in terms of which GR forms were made available… Read More
RBI/2011-12/480 DBOD.DIR.No.91/04.02.001/2011-12 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Interest Rates on Export Credit in Foreign Currency Please refer to our circular DBOD.DIR.No.52/04.02.001/2011-12 dated November 15, 2011 relating to export credit in foreign currency. 2. It has been decided that the prescriptions regarding ceiling rates on export credit in foreign currency and overseas line of credit… Read More
Circular No. 963/06/2012-CX F.No.101/9/2011-CX.3 Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs To All Chief Commissioners of Central Excise & Customs, All Chief Commissioners of Central Excise, All Directors Generals Sir/Madam, Sub: Clarification Regarding Mega Power Project (MPP) exemption reg. Representations have been received seeking clarification regarding the… Read More
Circular No.10/2012-Customs F.No.401/16/2012-Cus.III Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs To, All Chief Commissioners of Customs/Customs (Prev.), All Chief Commissioners of Customs & Central Excise, All Commissioners of Customs/Customs (Prev.), All Commissioners of Customs & Central Excise. Subject:- Refund of 4% CVD (SAD)-Extension of time upto… Read More
The compliance under Service Tax provisions post Finance Bill 2012 may need clarity on 3 aspects which are discussed as under: I. Small Service Provider Exemption The basic exemption is available to the CA whose taxable services in 2011-12 did [does] not exceed Rs.10 lakhs. Such CA would not be liable to service tax for… Read More
[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. 27/2012 - Customs (N.T.) New Delhi, 28th March, 2012 G.S.R (E). - In exercise of the powers conferred by section 11 of the Customs Act, 1962 (52 of 1962), the Central Government on being… Read More
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No.24/2012-Customs New Delhi, the 28th March, 2012 G.S.R. (E). - In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes… Read More
CIRCULAR CIR/MIRSD/ 4/2012 March 29, 2012 All Bankers to an Issue registered with SEBI Sir / Madam, Sub: Review of Regulatory Compliance and Periodic Reporting 1. Bankers to an Issue (BTIs) are required to furnish periodical reports on quarterly and annual basis in electronic form in the prescribed format in terms of SEBI Circulars No. RBT(G I… Read More
RBI/2011-12/475 RPCD.CO.LBS.BC.No.68 /02.01.001/2011-12 The CMDs of all SLBC convenor banks Dear Sir/Madam SLBC website Standardisation of information/data As you are aware, all the SLBC convenor banks have been advised vide circular RPCD.CO. LBS.HLC.BC. No. 56/02.19.10/2009-10 dated February 26, 2010, to maintain the SLBC websites where all instructions pertaining to the Lead Bank Scheme and Government Sponsored… Read More
The Minister of State for Communications & Information Technology Sh Sachin Pilot yesterday informed the Rajya Sabha that cyber crimes are on the rise in the country. Giving details Shri Pilot said ,as per the cyber crime data maintained by National Crime Records Bureau, a total of 217, 288, 420 and 966 Cyber Crime cases… Read More
RBI/2011-12/474 A. P. (DIR Series) Circular No.97 March 28, 2012 All Category-I Authorised Dealer Banks Overseas Investments by Resident Individuals Liberalisation / Rationalisation Attention of the Authorised Dealer (AD - Category I) banks is invited to the Notification No. FEMA 120/RB-2004 dated July 7, 2004 [Foreign Exchange Management (Transfer or Issue of any Foreign Security)… Read More
RBI/2011-12/473 A.P. (DIR Series) Circular No. 96 March 28, 2012 All Category-I Authorised Dealer Banks Overseas Direct Investments by Indian Party Rationalisation Attention of the Authorised Dealer (AD - Category I) banks is invited to the Notification No. FEMA 120/RB-2004 dated July 7, 2004 [Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Amendment)… Read More