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Notifications

Anti dumping duty on ceramic glazed tiles other than vitrified tiles originating in or exported from China PR

December 2, 2009 1092 Views 0 comment Print

The anti-dumping duty imposed under this notification shall be levied with effect from the date of imposition of the provisional anti-dumping duty i.e. the 15th June, 2009.

Know Your Customer (KYC) Norms/ Anti- Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT)

December 2, 2009 619 Views 0 comment Print

Financial Action Task Force (FATF) has issued a Statement on October 16, 2009 on risks arising from the deficiencies in AML/CFT regime of Uzbekistan, Iran, Pakistan, Turkmenistan, Sao Tome and Principe on the subject (copy enclosed). All NBFCs and RNBCs are accordingly advised to take into account risks arising from the deficiencies in AML/CFT regime of Iran, Uzbekistan, Pakistan, Turkmenistan and Sao Tome and Principe.

Provisioning Coverage for Advances – Second Quarter Review of Monetary Policy for the Year 2009-10

December 1, 2009 5428 Views 0 comment Print

At present, the provisioning requirements for NPAs range between 10 per cent and 100 per cent of the outstanding amount, depending on the age of the NPAs and the security available. Banks can also make additional specific provisions subject to a consistent policy based on riskiness of their credit portfolios, because the rates of provisioning stipulated for NPAs are the regulatory minimum. It has been observed that there is a wide heterogeneity and variance in the level of provisioning coverage ratio across different banks.

Financial Inclusion by Extension of Banking Services – Use of Business Correspondents (BCs) – Circular No. – DBOD.No.BL. 63/22.01.009/2009-10

November 30, 2009 1132 Views 2 comments Print

DBOD.No.BL. 63 /22.01.009/2009-10 – Banks are permitted to appoint the following entities as BCs, in addition to the entities presently permitted: (i) Individual kirana/medical /fair price shop owners (ii) Individual Public Call Office (PCO) operators (iii) Agents of Small Savings schemes of Government of India/Insurance Companies (iv) Individuals who own Petrol Pumps (v) Retired teachers and (vi) Authorised functionaries of well run Self Help Groups (SHGs) linked to banks.

Notification No.126/2009-Customs, Dated: 27.11.2009

November 27, 2009 358 Views 0 comment Print

The principal notification No.21/2002-Customs, dated the 1st March, 2002, was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 118(E), dated the 1st March, 2002 and was last amended by notification No. 125/2009-Customs, dated the 11th November, 2009 which was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R.810(E), dated the 11th November, 2009.

Notification No. 90/2009 – Income Tax Dated 26/11/2009

November 26, 2009 448 Views 0 comment Print

Notification No. 90/2009 – Income Tax It is hereby notified for general information that the organization Institute of Scientific Research on Vedas (I-SERVE), Hyderabad has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (said Act), read with Rules 5C and 5E of the Income-tax Rules, 1962 (said Rules), from Assessment year 2008-09 onwards in the

Notification No. 89/2009 – Income Tax Dated 26/11/2009

November 26, 2009 283 Views 0 comment Print

Notification No. 89/2009 – Income Tax It is hereby notified for general information that the organization Great Lakes Institute of Management, Chennai has been approved by the Central Government for the purpose of clause (iii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (said Act), read with rules 5C and 5E of the Income-tax Rules, 1962 (said Rules) from Assessment year 2009-2010 onwards in the category of ‘College

Notification No. 88/2009 – Income Tax Dated 26/11/2009

November 26, 2009 244 Views 0 comment Print

Notification No. 88/2009 – Income Tax It is hereby notified for general information that the organization Noorul Islam Educational Trust, Kanyakumari has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (said Act), read with Rules 5C and 5E of the Income-tax Rules, 1962 (said Rules), from Assessment year 2009-10 onwards in the category of ‘College

Notification No. 87/2009 – Income Tax Dated 26/11/2009

November 26, 2009 247 Views 0 comment Print

Notification No. 87/2009 – Income Tax It is hereby notified for general information that the organization Integrated Research and Action for Development (IRADe), New Delhi has been approved by the Central Government for the purpose of clause (iii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (said Act), read with rules 5C and 5E of the Income-tax Rules, 1962 (said Rules) from Assessment year 2009-2010 onwards

Notification No. 86/2009 – Income Tax Dated 26/11/2009

November 26, 2009 334 Views 0 comment Print

Notification No. 86/2009 – Income Tax It is hereby notified for general information that the organization The Foundation for Research in Community Health, Mumbai has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (said Act), read with Rules 5C and 5E of the Income-tax Rules, 1962 (said Rules), from Assessment year 2009-2010

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