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Notifications

RBI: Applicability of Legal Guardianship Certificates issued under Mental Health Act, 1987

February 11, 2016 630 Views 0 comment Print

It has been brought to our notice that banks are insisting on guardianship certificate from all mentally ill persons. In this regard it is clarified that paragraph 2(iii) of the aforesaid circular is not intended to mandate banks to insist on appointment of a guardian as a matter of routine from every person who is in need of treatment by reason of any mental disorder.

Procedure for export of sesame seeds to European Union countries – Deferment of implementation

February 11, 2016 554 Views 0 comment Print

Central Government hereby makes the following amendment in Notification No. 37/2015- 20 dated 03.02.2016 relating to procedure for export of sesame seeds to the European Union countries:-

Delhi VAT: Filing of online returns by firms/ companies engaged in Courier Business

February 11, 2016 4819 Views 0 comment Print

All firms/companies engaged in the business of courier activities and having their offices functioning within the National Capital Territory of Delhi, to furnish an online quarterly return of details of transactions of delivering goods having value more than Rupees Ten Thousands at the doorsteps of their clients either individually or at the business places or offices in the format ‘Form CR-II’ enclosed herewith. This shall further be subject to the following conditions:-

Delhi VAT: Regarding time period for rectification or revision of return in form GE II

February 11, 2016 3976 Views 0 comment Print

Returns in Form GE-II for the first three quarters of the current financial year (i. e. 1st April, 2015 to 30th June, 2015; 1st July, 2015 to 30th September, 2015 and 1st October, 2015 to 31st December, 2015) are required to be filed by 29th February, 2016

Govt revises conditions for Provident Fund withdrawals

February 10, 2016 2932 Views 0 comment Print

68-NNNN. Option for withdrawal on cessation of employment.- (1) The Central Board, or where so authorised by the Central Board, the Commissioner, or any officer subordinate to him, may, on an application made by a member in such form as may be specified, authorise payment to him from his provident fund account not exceeding his own total contribution including interest thereon up to the date the payment has been authorised on ceasing to be an employee in any establishment to which the Act applies.

ICAI Quality review Board- Foreign Tour with Prior Govt. approval

February 8, 2016 1522 Views 0 comment Print

The Chairperson and Members nominated by the Central Government to the Board, shall not undertake any foreign tour without the prior approval of the Central Government. Whenever such a tour is proposed, the proposal should give full justification for the tour, including its purpose, necessity and the expected outcome of the tour for the consideration of the Central Government.

CIT nominated as Special Director (Appeals) for FEMA cases and their jurisdiction

February 5, 2016 4703 Views 0 comment Print

S.O. 373(E).- In exercise of the powers conferred by sub-section (1) of Section 17 of the Foreign Exchange Management Act, 1999 (42 of 1999), and in supersession of the notification published vide number S.O.44(E), dated 8th January, 2008, the Central Government hereby appoints the Special Directors (Appeals) specified in column (2) of the Table below to hear appeals against

Notification No. 8/2016-Customs Dated: 5th February, 2016

February 5, 2016 13094 Views 1 comment Print

Notification No. 8/2016 Customs (1) the importer shall submit a declaration to the effect that the goods imported are intended for display or use at an event specified in Schedule II in the format specified in Schedule III annexed hereto, to the Deputy Commissioner of Customs or the Assistant Commissioner of Customs, as the case may be, at the time of filing the Bill of Entry:

Minimum Import Price introduced against 173 HS Codes

February 5, 2016 3061 Views 0 comment Print

Notification No. 38/2015-2020 a) Imports under Advance Authorisation Scheme are exempted from Minimum import Price (MIP) under this Notification; b) MIP is also exempted for all API grade steel conforming to X-52 and higher API grades !Or manufacturing pipes used for pipeline transportation systems in the petroleum and natural gas industries: and

RTGS service charges for members & customers – Rationalisation

February 4, 2016 1527 Views 0 comment Print

A reference is invited to our circular DPSS.(CO).RTGS.No.388/04.04.002/2011-2012 dated September 5, 2011. 2. As participants in the RTGS are aware, the RBI introduced service charges on members for all outward RTGS transactions with effect from October 1, 2011. Since then RBI has upgraded the RTGS system adding more capacity and features. With the enhancements, the time window of operation has also increased, adding to

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