Notification & Circulars

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..

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Withdrawal of Legal Tender Character of the existing Bank Notes in the denominations of ₹ 500/- and ₹ 1000/- Exchange Facility – Reports of misuse – Caution to Public

Notification No#2016-2017/1283 22 November 2016

The facility for public to exchange the specified bank notes (old notes in ₹ 500 and ₹ 1000) for legal tender notes and allowing them to deposit into bank accounts in unlimited amounts is provided to enable members of the public in possession of these notes as on the date of the announcement to secu..

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Regarding further rationalization of revised simplified procedure for fixation of brand rates

Notification No#54/2016-Customs 22 November 2016

F.No.609/84/2016-DBK Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Drawback Division, New Delhi Circular No. 54/2016-Customs, Dated: November 22, 2016 To, Principal Chief Commissioners/ Directors Gene..

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Special measures to incentivise Electronic Payments

Notification No#2016-2017/1282 22 November 2016

In order to meet the transactional needs of the public through digital means, the Reserve Bank has introduced additional measures by way of special dispensation for small merchants and enhancement in limits for semi-closed Prepaid Payment Instruments (PPIs). A special dispensation has n..

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Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Specified Bank Notes (SBNs) – Cash withdrawal for purpose of celebration of wedding – Modification

Notification No#1346/10.27.00/2016-17 22 November 2016

RBI/2016-17/149 DCM (Plg) No.1346/10.27.00/2016-17 November 22, 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 Si..

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

Notification No#1/04/2016-NS 22 November 2016

Finance Mministry has been decided that subscribers of small scheme may not be allowed to deposit old demonetised currency notes of Rs. 500 and Rs. 1000, in Small Saving Schemes which includes Post Office Savings Account, 5-Year Post Office Recurring Deposit Account, Post Office Time Deposit Ac..

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Making cash available for Rabi Crop Season – Advisory to banks

Notification No#1345/10.27.00/2016-17 22 November 2016

RBI/2016-17/148 DCM (Plg) No.1345/10.27.00/2016-17 November 22, 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 ..

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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..

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Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Specified Bank Notes (SBNs) – Fraudulent Practices

Notification No#1341/10.27.00/2016-17 22 November 2016

RBI/2016-17/147 DCM (Plg) No.1341/10.27.00/2016-17 November 22, 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 ..

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