The Chairmen and Managing Directors/Chief Executive Officers (CMD/CEOs) of banks must provide focus on the Fraud Prevention and Management Function to enable, among others, effective investigation of fraud cases and prompt as well as accurate reporting to appropriate regulatory and law enforcement authorities including Reserve Bank of India.
Periodical but frequent occurrences of natural calamities take a heavy toll of human life and cause wide spread damage to economic pursuits of human beings in one area or the other of our country. The devastation caused by such natural calamities calls for massive rehabilitation efforts by all agencies.
Itis announced for general information that during the year 2016-2017, accumulations at the credit of subscribers to the Staff Provident Fund shall carry interest at the rate of 8.1% (Eight point one percent) per annum w.e.f. 01.04.2016 to 30.06.2016.
Government of India Ministry of Finance (Department of Revenue) Notification No. 94/2016-Customs (N.T.) New Delhi, the Dated: 1st July, 2016 S.O. (E). – In exercise of the powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and […]
S.O. (E). – In exercise of powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of Customs Act, 1962 (52 of 1962) and in supersession of order as stated in column (5) of the Table below, the Central Board of Excise and Customs hereby appoints officer mentioned in column (6) to act as a Common Adjudicating
ICDs located at Hosur (Tamil Nadu) and Nattakkam Village (Kottayam Taluk and District) are included under para 4.37 (a) Hand Book of Procedures (2015-2020) for availing export promotion benefits.
Details of cases pending for adjudication and likely to be impacted by the judgment dated 03.05.2016 of the Hon’ble High Court of Delhi in case of Mangali Impex Ltd. & others (W.P. (C) 441/2013), in relation to sub-section (11) of Section 28 of the Customs Act, 1962 on the competency of officers of DGDRI, DGCEI, Customs (Prey.) and others – regarding;
In this regard it is informed that a pamphlet and a poster issued by Directorate of Income Tax (PR, PP &OL) on the Scheme have been uploaded on the National Website of the Department and placed in the Section titled IDS-2016! New.
A delegation of the office bearers of Delhi Exporters Association (All India Body of Exporters) met Chairman (CBEC) on 22.6.2016 and requested that there be no letup in the timely disposal of AIR Drawback claims. Certain instances of field formations asking for no overdue payments certificates from banks w.r.t. realization of export proceeds
Certain strategies were suggested for implementing the Income Declaration Scheme (IDS), 2016 and it was also advised that the jurisdictional Pr. CIT/CIT would be the one and only point of contact with a declarant so as to maintain the confidentiality of declarants.
