Security for External Commercial Borrowings – RBI Circular

RBI/2014-15/377                                                       A.P. (DIR Series) Circular No. 55                                                           January 01, 2015 To All Authorised Dealer Category-I Banks Madam/ Sir Security for External Commercial Borrowings Attention of Authorised Dealers Category-I … Read more

RBI extends last date of receipt of applications till 2nd February 2015 for Licensing of Small Finance Banks and Payments Banks

The Reserve Bank of India received requests seeking extension of time for submission of applications for Small Finance Banks / Payments Banks, the last date for which was January 16, 2015. Keeping in view the difficulties expressed by various parties, it has been decided to extend the last date of receipt of applications to February 2, 2015. Accordingly, … Read more

Government Increased Basic Excise Duty on Petrol and Diesel by Rs. 2 Per Litre with effect from 2nd Jan 2015

To Fund Infrastucture Development Programme, Government Increases Basic Excise Duty on Petrol and Diesel (Both Branded and Unbranded) by Rs. 2 Per Litre; Duties to Come into effect from 2nd January, 2015  In order to fund the ambitious infrastructure development programme of the Government, particularly the building of 15000 kms of roads, during current and … Read more

Anti-dumping duty on imports of Pentaerythritol, originating in or exported from Chinese Taipei, for a period of five years

TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THE GAZETTE OF INDIA, EXTRAORDINARY]  Notification No. 49/2014-Customs (ADD) New Delhi, the 31st December, 2014         And whereas, the Central Government had extended the anti-dumping duty on the subject goods, originating in or exported from the subject country upto and inclusive … Read more

Income Tax due date calendar for the first quarter (January to March) of the calender 2015

January, 2015 Wednesday, January 7, 2015 Due date for deposit of Tax deducted/collected for the month of December, 2014 Wednesday, January 7, 2015 Due date for deposit of TDS for the period October 2014 to December 2014 when Assessing Officer has permitted quarterly deposit of TDS under sections 192, 194A, 194D or 194H. Thursday, January 15, 2015 Quarterly statement of … Read more

Revised format of reporting for representative Offices of Foreign Banks in India

RBI/2014-15/374DBR.IBD.No.9745/23.13.001/2014-15 December 31, 2014 The Chief RepresentativeAll Representative Offices of Foreign Banks in India Madam/Dear Sir, Revised format of reporting – Representative Offices of Foreign Banks in India Representative Offices of foreign banks in India are currently required to submit information/documents on an annual basis to Reserve Bank of India as under: a certificate from … Read more

Export of buffalo tallow has been permitted if export is from APEDA registered integrated meat plants -DGFT Notification

To be Published in the Gazette of India Extraordinary Part-II, Section – 3, Sub-Section (ii))  Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan  Notification No 104 (RE – 2013)/2009-2014 New Delhi, Dated: 31 December, 2014   Subject: Permission for export of buffalo tallow.   S.O.(E)        In exercise of the powers … Read more

24×7 Customs clearance facility would be made available to 13 more airports in respect of all export goods and to 14 more sea ports in respect of specified import and export goods

Circular No. 19/ 2014-Customs F. No. 450/25/2009-Cus IV Government of India Ministry of Finance Department of Revenue (Central Board of Excise and Customs) *****   Room No. 229-A, North Block New Delhi, dated 31.12.2014 To, All Chief Commissioners of Customs/Customs (Preventive) All Chief Commissioners of Customs and Central Excise All Commissioners of Customs/Customs (Preventive) All … Read more

Documents required for application of Import Export Code (IEC)

List ofTo be published in the Gazette of India Extraordinary Part-I, Section (I) Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan, New Delhi  Public Notice.  79   /(RE-2013)/2009-2014 Dated the 31 December, 2014   Subject: Amendments in “Detailed Guidelines for Issue / Modification of Importer Exporter Code Number (IEC)” as notified vide … Read more

FFIs need to register with the US IRS and obtain a Global Intermediary Identification Number (GIIN) – SEBI Circular

CIRCULAR  CIR/MIRSD/6/2014                                                                                     December 30, 2014   All Intermediaries registered with SEBI   Sub: Registration for the purpose of Foreign Accounts Tax Compliance Act (FATCA)     2.    The Government of India has informed SEBI vide communication dated December 30, 2014 that as per the FAQ published on the US Internal Revenue Service (IRS) website, Foreign … Read more