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Notifications

Authorization of Specified Branches of SBI to receive, with immediate effect, subscriptions under Public Provident Fund Scheme, 1968 and Senior Cit

November 18, 2011 8222 Views 0 comment Print

Notification No. 7/9/2011 – Income Tax Central Government hereby authorises the following 50 branches of Bank of India to receive, with immediate effect, subscriptions under the Public Provident Fund Scheme, 1968 and Senior Citizens Savings Scheme Rules, 2004:—

Notification No. 41/2011-Central Excise; dated: 18.11.2011

November 18, 2011 1466 Views 0 comment Print

Notification No.41 /2011-Central Excise – G.S.R. 824(E). – In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 3/2005-Central Excise dated the 24th February,2005, published in the Gazette of India, Extraordinary, vide number G.S.R. 95 (E), dated the 24th February,2005, namely: –

Relating to customs duty exemption to Ministry of Defence for goods imported for the use in MR-SAM project

November 18, 2011 849 Views 0 comment Print

NOTIFICATION No. 102 /2011-CUSTOMS In the said notification, in the Table, after S.No.35 and the entries relating thereto, the following S.No. and entries shall be inserted, ” 36 -Machinery, equipment, instruments, components, spares, jigs, fixtures, dies, tools, accessories, computer software, computer hardware, castings, forgings piping, tubing, chemicals, bio-chemicals, refrigerants, raw materials and consumables, ammunition and ground support equipments required for the Medium Range Surface to Air Missile (MR-SAM) Programme of Ministry of Defence namely:-

Amends Notification No. 21/2002-Customs, dated the 1st March, 2002, thereby removing the actual user condition and restricting the exemption to LCD TV panels of 20 inches and above

November 17, 2011 604 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. 97/2011-Customs, dated the 13th October, 2011 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (i), vide number G.S.R. 760(E), dated the 13th October, 2011.

NEFT – Access Criteria for Regional Rural Banks (RRBs)

November 17, 2011 400 Views 0 comment Print

Those RRBs which meet the access criteria requirements for centralised payment systems as prescribed in our circular DPSS.CO.OD. 494 / 04.04.009 / 2011-12 dated September 21, 2011 and have the necessary financial, technical and operational resources to obtain and maintain direct NEFT membership may, if they so choose, become direct member of NEFT.

Notification No. 40/2011-Central Excise; Dated: 16.11.2011

November 16, 2011 646 Views 0 comment Print

Notification No. 40 /2011-Central Excise, hereby rescinds the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 14/2007-Central Excise, dated the 1st March, 2007, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 143 (E), dated the 1st March, 2007, except as respects things done or omitted to be done before such rescission.

Payment of Cheques/Drafts/Pay Orders/Banker’s Cheques by Regional Rural Banks beyond the period of three months from the date of such instrument

November 16, 2011 4363 Views 0 comment Print

Reserve Bank hereby directs that with effect from April 1, 2012, RRBs should not make payment of cheques/drafts/pay orders/banker’s cheques bearing that date or any subsequent date, if they are presented beyond the period of three months from the date of such instrument.

Manual for Co-operative Housing Societies in Maharashtra

November 15, 2011 8352 Views 1 comment Print

Directive to be given to all co-operative Housing Societies in the Maharashtra State Under section 79 (A) of the Maharashtra Co-operative Societies Act, 1960. Model Bye Laws of Cooperative Housing Society in Maharashtra In respect of applying Co-operative Housing Societies Manual. GOVERNMENT OF MAHARASHTRA  No. SAGRUYO-2011/PRA.KRA. 360/14-SA, Co operation, Marketing and Textile Department, Date 15th […]

Amends Notification No. 36/2001-Customs(N.T) dated the 3rd August 2001 – Notification No. 78/2011-CUSTOMS (N. T.)

November 15, 2011 198 Views 0 comment Print

S. O______ (E) – In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Board, being satisfied that it is necessary and expedient so to do, hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 36/2001-Cus (N. T.), dated, the 3rd August 2001, namely: –

Interest Rates on Export Credit in Foreign Currency

November 15, 2011 2923 Views 0 comment Print

Keeping in view the tight liquidity conditions and widening of credit spreads due to recent developments in international financial markets, it has been decided to increase the ceiling rate on export credit in foreign currency by banks to LIBOR plus 350 basis points from the present ceiling rate of LIBOR plus 200 basis points with immediate effect, till March 31, 2012, subject to the express condition that the banks will not levy any other charges viz. service charge, management charge etc except for recovery towards out of pocket expenses incurred. Similar changes may be effected in interest rates in cases where EURO LIBOR / EURIBOR has been used as the benchmark.The rates of interest applicable have been incorporated in the Annex to the directive DBOD.DIR.No.51/04.02.001/2011-12 dated November 15, 2011 enclosed to this circular.

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