Notification & Circulars

Regarding deferred payment of Customs duty

Notification No#52/2016-Cus 15 November 2016

Circular No. 52/2016-Cus F.No.450/81/2016-Cus IV Government of India Ministry of Finance Department of Revenue (Central Board of Excise and Customs) New Delhi, dated the 15th November, 2016 To, All Principal Chief Commissioners/Chief Commissioners of Customs /Customs (Prevent..

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Withdrawal of Legal Tender Character of Specified Bank Notes: RBI asks Cooperative Banks to ensure Strict Compliance to its Instructions

Notification No#2016-2017/1215 15 November 2016

There were reports that some cooperative banks were not strictly adhering to the instructions issued in connection with the withdrawal of legal tender status of the existing ₹ 500 and ₹ 1000 bank notes (specified bank notes). The Reserve Bank of India today informed that it has advised the Urban Coo..

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Income-tax (30th Amendment) Rules, 2016

Notification No#104/2016-Income Tax 15 November 2016

GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES NOTIFICATION No. 104/2016-Income Tax New Delhi, the 15th November, 2016 G.S.R 1068(E).- In exercise of the powers conferred by section 285BA, read with section 295 of the Incom..

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DCCBs can allow existing customers to withdraw upto ₹ 24,000 from their accounts : RBI

Notification No#2016-2017/1198 14 November 2016

The Reserve Bank of India has today clarified that District Central Cooperative Banks (DCCBs) can allow their existing customers to withdraw money from their accounts upto ₹ 24,000 per week upto November 24, 2016. However, no exchange facility against the specified bank notes (₹ 500 and ₹ 1000) or d..

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Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes – Applicability of the Scheme to DCCBs

Notification No#DCM (Plg) No.1273/10.27.00/2016-17 14 November 2016

RBI/2016-17/130 DCM (Plg) No.1273/10.27.00/2016-17 November 14, 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 Co..

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Usage of ATMs – Waiver of customer charges

Notification No#DPSS.CO.PD.No.1240/02.10.004/2016-2017 14 November 2016

RBI/2016-17/132 DPSS.CO.PD.No.1240/02.10.004/2016-2017 November 14, 2016 The Chairman and Managing Director / Chief Executive Officers All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks White L..

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Withdrawal of Legal Tender Character of Specified Bank Notes – Expanding the distribution locations for deposit and withdrawal of cash

Notification No#DCM (Plg) No. 1274/10.27.00/2016-17 14 November 2016

RBI/2016-17/131 DCM (Plg) No. 1274/10.27.00/2016-17 November 14, 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 C..

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Constitution of Task Force for enabling dispensation of Mahatma Gandhi (New) Series Banknotes - Recalibration and reactivation of ATMs

Notification No#2016-2017/1197 14 November 2016

It has become necessary to re-calibrate all ATMs/ Cash handling machines to dispense the new design notes following introduction of Mahatma Gandhi (New) Series Banknotes including a new High Denomination (₹ 2000) in new designs. 2. ATMs play a vital role in meeting the currency requirem..

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Don't draw and hoard; enough cash in small denominations available at RBI and banks: RBI

Notification No#2016-2017/1194 13 November 2016

he Reserve Bank assures members of the public that enough cash in small denominations is also available at the Reserve Bank and banks. The Reserve Bank urges that public need not be anxious; need not come over to banks repeatedly to draw and hoard; Cash is available when they need it. A..

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Issue of ₹ 500 banknotes inset letter ‘L’ in Mahatma Gandhi (New) Series

Notification No#2016-2017/1196 13 November 2016

The Reserve Bank of India will shortly issue ₹ 500 denomination banknotes in Mahatma Gandhi (New) Series with inset letter ‘L’ in both the number panels, bearing the signature of Dr. Urjit R. Patel Governor, Reserve Bank of India, the year of printing '2016’ and Swachh Bharat L..

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