(To be published in the Gazette of India Extraordinary Part-I, Section-I) Public Notice No. 81 (RE-2013)/2009-2014 New Delhi, Dated the 09th January, 2015 Sub: Amendment in Appendix – 30 A relating to Export Obligation Period under Advance Authorization/DFIA Schemes. 2009-14, the Director General of Foreign Trade hereby makes the following amendments in the Appendix … Read more
RBI/2014-15/394DGBA.GAD.No.H -2995/31.12.010/2014-15 January 7, 2015 The Chairman / Chief Executive OfficerAll agency banks Dear Sir / Madam Payment of agency commission – Certification of claims by external auditors Please refer to our circular DGBA.GAD.No.2528/31.12.010 (C)/2012-13 dated October 31, 2012 prescribing the format for certification of agency commission claims by external auditors (Chartered Accountants). The certificate … Read more
RBI/2014-15/73DBR.No.CID.BC.57/20.16.003/2014-15 July 1, 2014(Updated up to January 07, 2015) i) All Scheduled Commercial Banks (excluding RRBs and LABs) andii) All India Notified Financial Institutions Dear Sir / Madam Master Circular on Wilful Defaulters RBI has been receiving references from banks and other agencies seeking clarification as well as posing certain issues concerning the various guidelines … Read more
RBI/2014-15/393DCBR.BPD PCB Cir. No.10/12.05.001/2014-15 January 7, 2015 The Chief Executive OfficerAll Primary (Urban) Co-operative Banks Madam / Dear Sir, Monitoring of Large Value Frauds by the Board of Directors Please refer to our circular UBD.No.Plan.(PCB).9/09.06.00-94/95 dated July 25,1994 advising all UCBs to constitute an apex level Audit Committee of Board (ACB). ACB may consist of … Read more
RBI/2014-15/395DCBR.CO.BPD (RCB).Cir.No.11/13.05.001/2014-15 January 08, 2015 The Chief Executive OfficerAll State / Central Cooperative Banks (StCBs/CCBs) Madam / Dear Sir, Gold Loan – Bullet Repayment Please refer to circular RPCD.CO.RF.BC.No.60/07.37.02/2009-10 dated March 5, 2010 wherein StCBs/CCBs were permitted to grant gold loans up to Rs. 1.00 lakh with bullet repayment option. 2. On a review, it has been … Read more
FOR INFORMATION OF THE MEMBERS Subject: Extension of last date “for complying with the CPE hours requirement for the Calendar Year 2014” – from 31st December, 2014 to 31st March, 2015 This is for kind information of the members that it has been decided to extend the last date for complying with the CPE hours … Read more
To be published in the Gazette of India Extraordinary Part-I, Section (I) Ministry of Commerce & Industry Udyog Bhawan, New Delhi Dated the 06 January, 2015 Subject: Online IEC applications: Postponement of the date of operationalisation of Public Notice No. 76 dated the 27th of November, 2014 In exercise of powers conferred under paragraph 2.4 … Read more
What are the types of taxes in India? There are two types of taxation in India – Direct tax and indirect tax. Direct tax Direct tax is the tax where tax is directly collected from taxpayers; it means it is tax on income. Income tax and wealth tax are the two direct taxes in India. … Read more
RBI/2014-15/383DNBR(PD).CC.No.009/03.10.42/2014-15 January 2, 2015 All NBFCs Dear Sirs, Know your Customer (KYC) Norms/Anti-Money Laundering (AML) standards/ Combating of Financing of Terrorism (CFT)/ Obligation of NBFCs under Prevention of Money laundering Act (PMLA), 2002 – Client Due Diligence measures Please refer to our Master Circular DNBS(PD) CC.No.387/03.10.42/ 2014-15 July 1, 2014, as per which NBFCs are required … Read more
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] Notification No. 04/2014-Customs (SG) New Delhi, the 31st December, 2014 Customs Tariff Act, other than the People’s Republic of China. [F.No.354/229/2014-TRU] (Akshay Joshi) Under Secretary to the Government of India