With the increased thrust on financial inclusion and customer protection as the two crucial pillars of financial stability and considering the recent surge in customer grievances relating to unauthorised transactions resulting in erroneous debits to their accounts/cards, the criteria for determining the customer liability in these circumstances have been reviewed.
RBI/2016-17/37 FIDD.CO.Plan.BC.10/04.09.01/2016-17 Dated: August 11, 2016 The Chairman/ Managing Director/ Chief Executive Officer [All Scheduled Commercial Banks (excluding Regional Rural Banks)] Dear Sir/ Madam, Priority Sector Lending status for Factoring Transactions Please refer to Master Direction FIDD.CO.Plan.1/04.09.01/2016-17 dated July 7, 2016 on Priority Sector Lending (PSL) and Guidelines dated December 3, 2014 for setting up […]
With a view to facilitate the splitting up or the reconstruction of erstwhile public sector companies and to give effect to the conditions attached to the transfer of shares by the Government, there is a need to bring these types of splitting up or the reconstruction within the scope of definition of the term demerger.
It has been decided to make the provisions of the aforesaid circular applicable to the Brokers / Trading Members of the National Commodity Derivatives Exchanges. The major provisions / framework of System audit for Brokers / Trading members covered are as under:
Specification of 17th August, 2016 as the date on which clause (v) of rule 5 and rule 6 of Central Excise (Amendment) Rules, 2016 notified by Notificaton No. 8/2016- Central Excise (NT) dated 1st March, 2016, shall come into force
Central Board of Excise and Customs hereby makes the following regulations further to amend the Import Manifest (Aircraft) Regulations, 1976, namely: – 1. (1) These Regulations may be called the Import Manifest (Aircraft) Amendment Regulations, 2016.
Central Board of Excise and Customs hereby makes the following regulations further to amend the Export Manifest (Aircraft) Regulations, 1976, namely : –
In Schedule II relating to the ‘List of Industries in respect of which Industrial Licensing is compulsory’ in serial number 3, ITC(HS) Codes 22.03, 22.04, 22.05, 22.06 and 22.08 and the entries relating thereto shall be omitted.
Order No. 143 of 2016-The following postings / transfers in the grade of Commissioner of Income Tax (Local Change) are, hereby, ordered with immediate effect and until further orders:-
Seeks to amend CENVAT Credit Rules, 2004 so as to withdraw the facility to avail of CENVAT credit of duty paid on molasses generated in the sugar season 2015-16 (i.e. 1st October, 2015 to 30th September 2016) which is used for producing ethanol for supply to public sector OMCs for blending with petrol by omitting rule 6 (6) (ix) of the CENVAT Credit Rules, 2004.
