"24 March 2017" Archive - Page 3

Banks to remain open on all days from 25.03.2017 to 01.04.2017

RBI/2016-17/256 DBR.No.Leg.BC.55/09.07.005/2016-17 (24/03/2017)

All Agency Banks are advised to keep all their branches dealing with government business open on all days in the current financial year and on April 1, 2017 (including Saturday, Sunday and all holidays)....

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Customs Clearance in case of RMS facilitated BEs for Pulse import

Public Notices No. 41/2017-JNCH (24/03/2017)

It has been decided to streamline the import procedure for import of pulses especially when the importer is a DPD client and Bill of Entry is RMS facilitated i.e. under No assessment, & No examination....

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Format of declaration of exporter on reverse of DGFT’s e-BRC

Public Notice No. 40/2017-JNCH (24/03/2017)

Acceptance of e-BRC by the Customs Authorities would be subject to appropriate declaration by the exporter on the reverse of the DGFT’s e-BRC. Prescribed format of the said declaration is annexed herewith....

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Promotion of Digital/Cashless Transactions by Government

The data on payment system indicators such as Paper Clearing, National Electronic Fund Transfer (NEFT) and National Automated Clearing House (NACH), registered growth in December, 2016 as compared to November 2016. However, the same showed a decline in January 2017 as compared to December 2016. • Immediate Payment Service (IMPS), Unifie...

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Posted Under: Fema / RBI |

Working of Cash Section & all Groups on 25.03.2017 (Saturday)-Reg.

Facility Notice No. 39/2017-JNCH (24/03/2017)

Attention of all the importers, exporters, customs brokers and other stakeholders is invited to the fact that cash section and all the Assessing Groups under NS-I, III & V would be working on 25.03.20 17 (Saturday) due to closing of the financial year 2016-17....

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Pre-import condition for inputs/import items specified in Appendix 4J

Public Notices No. 62/2015-2020-DGFT (24/03/2017)

With this Public Notice, clarity is brought about applicability of Pre-import condition for inputs/import items specified in Appendix 4J. Amendment is also carried out in General Note No. 15 of Chemical and Allied Products (SION Book) to align with Appendix 4J....

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Trade Unions- A Small 5 Point analysis

Generally, 'Trade Union' means the formal association of the workers or employees in an organization, a group of trades or profession formed to claim the legitimate rights and promote their common interest i.e. welfare rules for their own welfare. ...

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Posted Under: Fema / RBI |

Draft Law on Ponzi Schemes

A copy of the Report of the IMG along with the draft Banning of Unregulated Deposit Schemes and Protection of Depositors’ Interests Bill was placed on the website of the Department of Financial Services (DFS) in March, 2016 for eliciting public comments. ...

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Posted Under: Fema / RBI |

Convertible Bonds Calculations– Equity & Liability portion: Ind-As/ IFRS

Many of our readers requested to share actual calculation and the process to bifurcate any convertible bonds between Equity & Liability and its related Journal Entry....

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Posted Under: Fema / RBI |

GST Simplified Series#1 Concept, Levy, Scope & Applicability

We are pleased to share that we have launched Series GST Simplified wherein we would attempt to explain nitty-gritty of GST in most lucid manner through write-ups, presentations and videos....

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Posted Under: Fema / RBI |