Daily Archives: November 9, 2016

Salient features of scheme of Withdrawal of Rs. 500 and Rs. 1000

By | November 9, 2016

Salient features of the scheme of Withdrawal of Legal Tender Character from existing series of Bank Notes in the denominations of Rs. 500 and Rs. 1000 1. In terms of Gazette Notification No 2652 dated November 08, 2016 issued by Government of India, existing series of banknotes in the denominations of Rs. 500/- and Rs.… Read More »

Boric Acid ineligible for imports under Duty Free Import Authorisation (DFIA) Scheme.

By | November 9, 2016

GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY DEPARTMENT OF COMMERCE DIRECTORATE GENERAL OF FOREIGN TRADE Public Notice No. 42/2015-2020 New Delhi, the 8th November, 2016 Subject:- Amendments in Standard Input Output Norms (SION) – reg In exercise of the powers conferred under Paragraph 1.03 of the Foreign Trade Policy, 2015-2020, the Director General of… Read More »

Combined Annual Return for Excise /Service Tax FY 2015-16 not required to be filed

By | November 9, 2016

Circular No. 1050/38/2016-CX F.No. 207/0512014-CX.6 Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs North Block, New Delhi Dated the 8th of November, 2016 To, The Principal Chief Commissioners/ Chief Commissioners of Central Excise (All) The Principal Chief Commissioners/ Chief Commissioners of Central Excise and Service Tax (All) The… Read More »

Cash Deposit & Cash Withdrawal -Operational guidelines of Govt of India w.e.f 09.11.2016

By | November 9, 2016

Limit on Cash Deposit & Cash Withdrawal in India With a view to curb financing of terrorism through the proceeds of Fake Indian Currency Notes (FICN) and use of such funds for subversive activities such as espionage, smuggling of arms, drugs and other contrabands into India, and for eliminating Black Money which casts a long… Read More »

Indian Govt Press release on cancellation of Rs 500 and Rs 1000 Bank Notes w.e.f 09.11.2016

By | November 9, 2016

Govt of India Ministry of Finance 08-November, 2016 With a view to curb financing of terrorism through the proceeds of Fake Indian Currency Notes (FICN) and use of such funds for subversive activities, and for eliminating Black Money ,Government decides to cancel the legal tender character of the High Denomination bank notes of Rs.500 and… Read More »

Action to be taken by banks on November 09, 2016 sepcified by RBI

By | November 9, 2016

RBI/2016-17/112 DCM (Plg) No.1226/10.27.00/2016-17 November 08, 2016 The Chairman / Managing Director/ Chief Executive Officer, Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional Rural Banks / Urban Cooperative Banks/ State Cooperative Banks Dear Sir Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes In terms of Gazette Notification… Read More »

RBI FAQs on Withdrawal of ₹ 500/- and ₹ 1000/- Bank Notes

By | November 9, 2016

FAQs on Withdrawal of Legal Tender Character of the existing Bank Notes in the denominations of ₹ 500/- and ₹ 1000/- 1. Why is this scheme introduced? The incidence of fake Indian currency notes in higher denomination has increased. For ordinary persons, the fake notes look similar to genuine notes, even though no security feature… Read More »