Notifications issued By RBI, CBEC, IRDA, CBDT, RBI and DGFT

  • Feb
  • 28

Seeks to amend notification No. 69/2004-Customs, dated 09.07.2004 so as to review existing entries therein & make necessary changes

Central Government hereby makes the following further amendments in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 69/2004- Customs, dated the 9th July, 2004, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 411(E), dated the 9th July, 2004, namely :-

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  • Feb
  • 28

Mode of recovery of CENVAT credit wrongly taken, under CENVAT Credit Rules, 2004 -Reg.

Seeks to amend the notification No. 23/2004-CE (N.T.), dated 10th September, 2004, so as to provide a mode of recovery of CENVAT credit wrongly taken, under the CENVAT Credit Rules, 2004. NOTIFICATION No. 3/2013-Central Excise (N.T.) New Delhi, the 1st March, 2013 G.S.R. (E). – In exercise of the powers conferred by section 37 of [...]

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  • Feb
  • 28

Reg. provision for interest on refund arising out of order of final assessment

Seeks to further amend the notification No. 4/2002-CE (N.T.), dated 1st March, 2002 so as to make provision for interest on refund, subject to sub-rule (6), arising out of an order of final assessment under sub-rule (3) of rule 7 of the Central Excise Rules, 2002. NOTIFICATION No. 2 / 2013-Central Excise (N.T.) New Delhi, [...]

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  • Feb
  • 28

RBI releases Security and Risk Mitigation measures for Electronic Payment Transactions

Payments effected through alternate payment products/channels are gaining traction among the customers, with more and more banks providing such facilities to their customers. In this scenario, it is imperative to ensure safety and security of such transactions effected through these channels.

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  • Feb
  • 26

Last Date to File ST 3 Return July 12 to Sep 12 & Revised Form ST 3

Instruction regarding Notification No. 1/2013- Service Tax dated 22-2-2013 which seeks to amend the Service Tax Rules 1994 so as to prescribe the revised return Form ST3 and also stipulate that the last date for filing a return for the period July 2012 to September 2012, is 25th March 2013.

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  • Feb
  • 25

CBEC notifies ST-3 – Return of 2nd Quarter can be filed till 25-3-2013

NOTIFICATION NO. 01/2013-ST, DATED 22-2-2013 Form ST- 3 for the period between the 1st day of July 2012 to the 30th day of September 2012, shall be submitted by the 25th day of March, 2013

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  • Feb
  • 25

Guidelines for Setting up Disaster Recovery& Business Continuity Plans Centers for IT / ITES SEZs

Disaster recovery (DR) may be seen as the process, policies and procedures related to preparing for recovery or continuation of technology infrastructure critical to a business organization after a natural or human-induced disaster occurs. Disaster recovery may be seen as a subset of business continuity.

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  • Feb
  • 23

Benefits available against ARO/invalidation letter in respect of Advance Authorisation

Policy Circular No.9/2009-14 dated 1.10.2009 had clarified that supply of goods against Advance Release Order (ARO) is eligible for refund of duty drawback only and not for Terminal Excise Duty (TED) and supplies against invalidation letter is eligible for Advance Authorisation and TED refund.

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  • Feb
  • 23

Final RBI Guidelines for Licensing of New Banks in the Private Sector

Preamble Over the last two decades, the Reserve Bank of India (RBI) licensed twelve banks in the private sector. This happened in two phases. Ten banks were licensed on the basis of guidelines issued in January 1993. The guidelines were revised in January 2001 based on the experience gained from the functioning of these banks, [...]

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  • Feb
  • 22

New Exchange Rates from 22.02.2013

Notification No.23/2013 – Customs (N.T.),  Dated the 21st February, 2013             S.O.       (E). – In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.20/2013-CUSTOMS (N.T.), dated the [...]

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