RBI/2015-16/405 DBR.No.Ret.BC.99/12.07.124A/2015-16 May 19, 2016 All Scheduled Commercial Banks Dear Sir, Exclusion of “UBS AG” – from the Second Schedule to the Reserve Bank of India Act, 1934 We advise that the “UBS AG” has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification DBR.IBD.No.7718/ 23.13.062/2015-16 dated January… Read More »
RBI/2015-16/400 DBR.CID.BC.No.98/20.16.042/2015-16 May 19, 2016 All Credit Information Companies Investment in Credit Information Companies In exercise of the powers conferred by sub-section (1) of Section 11 of Credit Information Companies (Regulation) Act, 2005, and in supersession of its direction on Investment in Credit Information Companies (CICs) dated November 29, 2013, Reserve Bank of India, being… Read More »
RBI/2015-2016/403 FMRD.DIRD. 10 /14.03.002/2015-16 May 19, 2016 All RBI regulated eligible entities Dear Sir, Repo / Reverse Repo Transactions with RBI Please refer to our circular IDMD/4135/11.08.43/2009-10 dated March 23, 2010 on accounting of repo/reverse repo transactions under market repo. As mentioned therein, these accounting norms were not applicable to repo / reverse repo transactions… Read More »
RBI aligns Rules for Investment in Credit Information Companies (CICs) Date : May 19, 2016 The Reserve Bank of India has, in supersession of its directive dated November 29, 2013, revised its directions (DBR. CID. BC. No.98/20.16.042/2015-16 dated May 19, 2016), allowing higher Foreign Direct Investment (FDI) limits in Credit Information Companies (CICs) to entities… Read More »
Exchange Rate of Foreign Currency Relating To Imported and Export Goods Notified In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Excise and Customs No.64/2016-CUSTOMS (N.T.), dated 05th May, 2016, except as respects things done or omitted to… Read More »
India and Slovenia have signed Protocol amending the India-Slovenia Double Taxation Avoidance Convention. India and Slovenia have signed a Protocol amending the existing Convention and Protocol between the two countries for avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income on 17th May, 2016 in Ljubljana. The Protocol was… Read More »
Seeks to levy provisional anti-dumping duty on Seamless tubes, pipes & hollow profiles of iron, alloy or non-alloy steel (other than cast iron and stainless steel), whether hot finished or cold drawn or cold rolled of an external diameter not exceeding 355.6 mm or 14 OD, originating in or exported from China PR, for a… Read More »
F.No. 278A/54/2015-Legal 19-05-2016 Need for timely forwarding proposal for fresh appointment/extension of tenure of SPPs handling CBEC cases before the Subordinate Courts/Courts of Session and High Court
Circular, nominating trade representatives in the Sub-Committee of the High level Committee, on the issue of imposition of Central Excise duty on articles of jewellery in the Union budget 2016-17 F.No. 354/25/2016-TRU 18-05-2016 Read Circular No 1030/18/2016-CX Related Post Govt framed committee for excise duty on Jewellery Govt Committee on issues of excise duty on Jewellery Govt… Read More »
Maharashtra Value Added Tax Rules, 2005 NOTIFICATION NO.VAT.1516/C.R. 53/TAXATION-1, DATED 1-4-2016 Whereas, the Government of Maharashtra is satisfied that circumstances exist which render it necessary to take immediate action further to amend the Maharashtra Value Added Tax Rules, 2005 and to dispense with the condition of previous publication thereof under the proviso to sub-section (4)… Read More »