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Notification & Circulars


Specified Bank Notes (SBNs) - Deposit under Guarantee Scheme to decongest the storage facilities at banks

 Notification No#1383/10.27.00/2016-17     24 November 2016

RBI/2016-17/153 DCM (Plg) No.1383/10.27.00/2016-17 November 24, 2016   The Chairman / Managing Director/Chief Executive Officer, Public Sector Banks / Private Sector Banks / Foreign Banks / Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks   Dear ..

Posted in Others

Special knowledge or practical experience useful to banking companies

 Notification No#39/29.39.001/2016-17     24 November 2016

RBI/2016-17/152 DBR.Appt.BC.No.39/29.39.001/2016-17 November 24, 2016   All Commercial Banks excluding RRBs   Dear Sir / Madam,   Special knowledge or practical experience useful to banking companies   In the backdrop of innovations in banking and tech..

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Pioneering Best Practices in Banking: India’s Record

 Notification No#24.11.16     24 November 2016

Pioneering Best Practices in Banking: India’s Record (Shri R. Gandhi, Deputy Governor - November 24, 2016 - at the 33rd Sir Purshotamdas Thakurdas Memorial Lecture, Mumbai) Good evening!   2. In the post-crisis era, the international thinking on banking and finance stands fundam..

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Discontinuation of over the Counters Exchange of SBN

 Notification No#1391/10.27.00/2016-17     24 November 2016

RBI/2016-17/155 DCM (Plg) No.1391/10.27.00/2016-17 November 24, 2016   The Chairman / Managing Director/ Chief Executive Officer, Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional Rural Banks / Urban Cooperative Banks/ State Cooperative Banks   Dear Sir,..

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Withdrawal of Specified Banknotes : Cash requirements of pensioners and Armed Forces Personnel

 Notification No#1384/10.27.00/2016-17     24 November 2016

RBI/2016-17/154 DCM (Plg) No.1384/10.27.00/2016-17 November 24, 2016   The Chairman / Managing Director/Chief Executive Officer, Public Sector Banks / Private Sector Banks / Foreign Banks / Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks/ District Central ..

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Regarding reducing/eliminating printouts in Customs Clearance

 Notification No#55/2016-Customs     23 November 2016

[F. No. 450/25/2013-Cus IV (Pt)] Government of India Ministry of Finance Department of Revenue Central Board of Excise And Customs New Delhi Circular No. 55/2016-Customs, Dated: November 23, 2016   To All Principal Chief Commissioners/Chief Commissioners of Customs/ Customs..

Posted in Custom

Deposit of old demonetized notes of Rs. 500 and Rs. 1000 in Small Savings Scheme

 Notification No#1/04/2016-NS.II     23 November 2016

F.No. 1/04/2016-NS.II Ministry of Finance Department of Economic Affairs (Budget Division) North Block, New Delhi Dated 23.11.2016   To 1. The Chief general Manager Reserve Bank of India Department of Government and Bank Accounts Central Office, Byculla Office Building ..

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Safeguard duty on Hot Rolled flat sheets and plates

 Notification No#3/2016-Customs (SG)     23 November 2016

Seeks to levy safeguard duty on Hot Rolled flat sheets and plates (excluding hot rolled flat products in coil form) of alloy or non-alloy steel having nominal thickness less than or equal to 150mm and nominal width of greater than or equal to 600mm   [TO BE PUBLISHED IN THE GAZETTE OF IND..

Posted in Custom

​Adminissibilty of expenditure incurred by a firm on Keyman Insurance Policy in the case of a Partner

 Notification No#38/2016     22 November 2016

CIRCULAR NO. 38/2016 F.No.279/Misc./ 140/2015-ITJ Government of India Ministry of Finance Central Board of Direct Taxes New Delhi, Dated 22nd November, 2016   Subject: Admissibility of expenditure incurred by a Firm on Keyman Insurance Policy in the case of a Partne..

Posted in Income Tax

To provide exclusive jurisdiction to LTU-Bangalore with respect to online information and database access or retrieval services provided or agreed to be provided by a person located in non-taxable ter

 Notification No#50/2016-Service Tax      22 November 2016

Seeks to amend notification No. 20/2014-ST dated 16th September, 2014 so as to provide exclusive jurisdiction to LTU-Bangalore with respect to online information and database access or retrieval services provided or agreed to be provided by a person located in non-taxable territory and received by a..

Posted in Service Tax