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Notifications/Circulars

RBI reduces Interest Rate on PPF & SCSS, 2004 from 01.04.2013

March 28, 2013 7796 Views 0 comment Print

Public Provident Fund Scheme, 1968 (PPF, 1968) and Senior Citizens Savings Scheme, 2004 (SCSS, 2004) – Revision of interest rates. Please refer to our circular RBI/2011-12/359 dated January 20, 2012 regarding interest rates on small savings schemes, wherein it was indicated that as per Government’s decision on revision of interest on small savings schemes, the interest rates on various small savings schemes for every financial year will be notified by the Government before April 01st of that year.

CIT (Central), Bhopal, shall be subordinate to the DGIT (Investigation) Bhopal, CBDT notifies

March 28, 2013 891 Views 0 comment Print

Notification No. 24/2013 – Income Tax In exercise of the powers conferred by section 118 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby directs that the Commissioner of Income-tax (Central), Bhopal shall be subordinate to the Director General of Income-tax (Investigation), Bhopal.

KYC verification of office bearers sufficient while opening savings bank account of Self Help Groups (SHGs)

March 28, 2013 1522 Views 0 comment Print

KYC verification of all the members of SHG need not be done while opening the savings bank account of the SHG and KYC verification of all the office bearers would suffice.

DGFT notifies 5 new Pre Shipment Inspection Agencies & widens area of existing four

March 28, 2013 1243 Views 0 comment Print

Five new Pre Shipment Inspection Agencies (PSIA) have been notified. Area of operation of four existing PSIA’s has been widened.

Amendment to SEBI {(KYC) Registration Agency} Regulations, 2011 &relevant circulars

March 28, 2013 2529 Views 0 comment Print

The Securities and Exchange Board of India {KYC (Know Your Client) Registration Agency} Amendment Regulations, 2013 have been notified vide No. LAD‑NRO/GN/2012-13/35/6998 with effect from March 22, 2013 whereby the requirement for sending original KYC documents of the clients to the KRA has been removed (copy enclosed).

Online TMS facility extended to processing of returns to handle PAN migration and restoration issues

March 27, 2013 2084 Views 0 comment Print

Representations from field formations have been received intimating that owing to the delays in PAN Migration, PAN de-duplication and restoration, certain cases remain to be processed. However, AST does not permit these cases to be processed. Therefore, with the Board’s approval, the facility of Online TMS is extended for the cases time barring on 31-3-2013.

Custom House, Chennai to function on 29th, 30th and 31st 2013

March 27, 2013 481 Views 0 comment Print

Custom House, Chennai will function on March 29 (Good Friday), 30 (Saturday) and also on Sunday, March 31, to enable Importers and Exporters to file documents, pay duty and clear the goods. On all these days, the Custom House will be functioning from 9.30 A.M. – 6 P.M. like any other working day. A Public notice 72/2013 dated 21.03.2013 has also been issued in this regard.

Narcotic Drugs and Psychotropic Substances (Regulation of Controlled Substances) Order, 2013

March 26, 2013 8275 Views 0 comment Print

No person shall manufacture, distribute, sell, purchase, possess, store, or consume any controlled substance included in Schedule-A without a unique registration number in Form-A issued by the Zonal Director of Narcotics Control Bureau:

CBEC – Good Friday – Relaxation for Prayers to persons who profess Christian faith

March 26, 2013 877 Views 0 comment Print

The Hon’ble High Court has directed, amongst other things, that such persons who profess Christian faith and are desirous of either being sanctioned full leave on both days or permission to pray at the Church for a limited duration on either day would be sanctioned leave or permission to leave offices to visit the Church at a short duration, keeping in view that those professing Christian faith would be a miniscule number working in such offices/ departments of the Central Government where revenue is generated.

Seeks to impose final safeguard duty @ 20% on imports of Hot rolled flat products of stainless Steel 304 grade( up to a max width of 1605 mm) into India from China from 4th January, 2013 to 22nd July, 2013 (both days inclusive)

March 26, 2013 451 Views 0 comment Print

hereas, the Central Government, having regard to the available information as to the possible use of substances mentioned in the Table below in the production or manufacture of various narcotic drugs and psychotropic substances, and also to implement the provisions of the United Nations Convention Against Illicit Traffic in Narcotic Drugs and Psychotropic Substances, 1988, decided to declare them as controlled substances ;

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