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Foreign students studying in India –KYC procedure for Rural and Co-operative Banks

September 18, 2013 385 Views 0 comment Print

Regional Rural Banks and State / Central Cooperative Banks authorized to open / maintain NRE/NRO accounts, may open a Non Resident Ordinary (NRO) bank account of a foreign student on the basis of his/her passport (with appropriate visa & immigration endorsement) which contains the proof of identity and address in the home country along with a photograph and a letter offering admission from the educational institution.

Amends Duty Free Import Authorisation (DFIA) notification No. 98/2009-Customs

September 17, 2013 1696 Views 0 comment Print

the existing paragraph 2A shall be renumbered as paragraph 2AB thereof and before paragraph 2AB as so renumbered, the following paragraph shall be inserted, namely:-

Regarding revising the customs duty rate on articles of gold and silver jewellery and goldsmiths and silversmiths ware

September 17, 2013 414 Views 0 comment Print

NOW, therefore, in exercise of the powers conferred by sub-section (1) of section 8A of the said Customs Tariff Act, the Central Government, hereby directs that the First Schedule to the said Customs Tariff Act shall be amended in the following manner, namely:-

RBI bans zero % EMI schemes &amp: Fees on debit card transactions

September 17, 2013 2602 Views 0 comment Print

Zero percent loans/pricing of product as per the sourcing channel – In the zero percent EMI schemes offered on credit card outstandings, the interest element is often camouflaged and passed on to customer in the form of processing fee

SEBI : (Alternative Investment Funds) (Amendment) Regulations, 2013

September 16, 2013 796 Views 0 comment Print

Provided that the applicant shall comply with clause (c) or clause (d) of regulation 4, as the case may be, within six months from the date of grant of in-principle approval and upon compliance with the same, the Board may grant a certificate of registration under sub-regulation (2)

Delhi VAT- Extend date for filing of Form Stock-1 online to 05.10.2013

September 16, 2013 466 Views 0 comment Print

In supersession of all previous Notifications, regarding date for filing of Stock Statement in Form Stock-1 online for the stock available on 31st March, 2013, I, Prashant Goyal, Commissioner, Value Added Tax, in exercise of the powers conferred on me under sub-section(1) read with sub-section (3) of section 70 of Delhi Value Added Tax Act, 2004, do hereby extend the date for filing of the said form to 5th October, 2013 for all dealers.

Delhi Govt. withdraw VAT benefit available to diplomats of Pakistan

September 16, 2013 540 Views 0 comment Print

Withdraw the privilege of VAT refund in respect of the High Commission of the Islamic Republic of Pakistan, New delhi (Entry at Sl. No 72 of Sl. No. 1 in Part-A of the Sixth Schedule) for its official purchases as well as for personal purchases of its diplomats, till further order.

Delhi VAT-Date for filing of Form Stock-1 online extended to 5.10.2013

September 16, 2013 598 Views 0 comment Print

In supersession of all previous Notifications, regarding date for filing of Stock Statement in Form Stock-1 online for the stock available on 31st March, 2013, I, Prashant Goyal, Commissioner, Value Added Tax, in exercise of the powers conferred on me under sub-section(1) read with sub-section (3) of section 70 of Delhi Value Added Tax Act, 2004, do hereby extend the date for filing of the said form to 5th October, 2013 for all dealers.

Lending Against Security of Single Product – Gold Jewellery

September 16, 2013 865 Views 0 comment Print

It may be recalled that in the light of the spike in gold imports in the recent years and the potential threat this could pose to external stability of the country, the Working Group to Study the Issues Related to Gold Imports and Gold Loans NBFCs in India (WG) was set up by the Reserve Bank,

RBI and Bank Branches to remain open on September 14 -15, 2013

September 13, 2013 1229 Views 0 comment Print

With a view to facilitate collection of advance taxes for Income Tax and Corporate Tax and meeting the probable rush of tax-payers, it has been decided in consultation with the Department of Financial Services,

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