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Circulars

Fino Payments Bank Limited included in Second Schedule of RBI Act, 1934

February 22, 2021 801 Views 0 comment Print

We advise that Fino Payments Bank Limited has been included in the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification DoR.NBD.No.2138/16.03.005/2020-21 dated January 01, 2021 and published in the Gazette of India (Part III – Section 4) dated February 13 – February 19, 2021.

SOP for Vehicle Location Tracking, registration & activation in VAHAN

February 22, 2021 6036 Views 0 comment Print

The undersigned is directed to state that the Ministry of Road Transport and Highways, GOI has earlier issued the Guidelines for the Scheme, namely “Deployment and Management of State wise Vehicle Tracking Platform for Safety a Enforcement as per AIS 140 Specifications in States Et Union Territories under Nirbhaya Framework” dated 15th January, 2020.

CBIC clarifies Payment of AIDC by EOU Under Various Situations

February 22, 2021 6393 Views 2 comments Print

Circular No. 07/2021-Customs – Clarification regarding payment of Agriculture Infrastructure and Development Cess (AIDC) by EOU under various situations and amendment to Circular no. 35/2016-Customs dated 29.07.2020 – regarding.

Guidelines for setting up of ICDs, CFSs & AFSs-Reg

February 22, 2021 1680 Views 0 comment Print

Circular No. 06/2021-Customs Policy and Guidelines for setting up of Inland Container Depots (ICDs), Container Freight Stations (CFSs) and Air Freight Stations (AFSs)-Reg.

CBIC allows Officer Interface on permanent basis with fees for resolving invoice mis-match errors

February 17, 2021 2049 Views 0 comment Print

It has been decided as a measure of trade facilitation to keep the Officer Interface available on permanent basis to resolve such errors on payment of specified fee by the exporter. The exporter may avail the facility of correction of Invoice mis-match errors (error code SB-005) in respect of all past shipping bills, irrespective of its date of filling, by following the procedure as provided in the above Circulars, subject to payment of Rs. 1,000/- as fee towards such rendering of service by Customs Officers for correlation and verification of the claim.

Sanction of IGST refund where records not transmitted to ICEGATE

February 16, 2021 9210 Views 0 comment Print

Several representations are being received by the Board in respect of IGST refunds which are pending due to mis-match of data between GSTR- 1 & GSTR-3B. The resolution to the above problem was provided by the Board, as an interim measure, vide Circular No. 12/2018-Cus dated 29.05.2018 read with Circular No. 25/2019-Cus dated 27.08.2019 in respect of Shipping Bills filed upto 31.03.2019.

Banks may allow resident individuals to make remittances under LRS to IFSCs in India

February 16, 2021 2241 Views 0 comment Print

AD Category – I banks may allow resident individuals to make remittances under LRS to IFSCs in India, subject to the following conditions: i. The remittance shall be made only for making investments in IFSCs in securities, other than those issued by entities/companies resident (outside IFSC) in India.

Margin for derivative contracts

February 15, 2021 1107 Views 0 comment Print

Directions are being issued to allow posting and collection of margin for permitted derivative contracts between a person resident in India and a person resident outside India.

Transfer of Legacy Funds of NPS Subscribers of Govt Sectors

February 15, 2021 948 Views 0 comment Print

Transfer of Legacy Funds of NPS Subscribers of Government Sectors (SGs/ CABs/ SABs) pursuant to opening of choice of Investment schemes and Pension Funds- reg.

Central Government Employees Group Insurance Scheme-1980 – Tables of Benefits for savings fund for the period from 01.01.2021 to 31.03.2021

February 13, 2021 6138 Views 0 comment Print

The Tables of Benefits for Savings Fund to the beneficiaries under the Central Government Employees Group Insurance Scheme-1980, which are being issued on a quarterly basis from 01.01.2017 onwards, as brought out in this Ministry’s OM of even number dated 17.03.2017, for the quarter from 01.01.2021 to 31.03.2021, as worked out by IRDA based on the interest rate of 7.1% per annum (compounded quarterly) as notified by the Department of Economic Affairs as per their Resolution No. 5(2)-B(PD)/2020 dated 06.01.2021, are enclosed.

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