Notification & Circulars


Perpetual Validity for Certificate of Authorisation (CoA) issued to Payment System Operators (PSOs) under Payment and Settlement Systems Act, 2007 (PSS Act)

 Notification No#RBI/2020-21/72 DPSS.CO.AD.No.724/02.27.005/2020-21     04 December 2020

Reserve Bank of India RBI/2020-21/72 DPSS.CO.AD.No.724/02.27.005/2020-21 December 4, 2020 The Chairman / Managing Director / Chief Executive Officer Authorised Non-bank Payment System Operators Madam / Dear Sir. Perpetual Validity for Certificate of Authorisation (CoA) issued to Pay..

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Card transactions in Contactless mode – Relaxation in requirement of Additional Factor of Authentication

 Notification No#RBI/2020-21/71 DPSS.CO.PD No.752/02.14.003/2020-21     04 December 2020

Reserve Bank of India RBI/2020-21/71 DPSS.CO.PD No.752/02.14.003/2020-21 December 04, 2020 The Chairman / Managing Director / Chief Executive Officer All Scheduled Commercial Banks including Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks / District Central Co..

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External Trade–Facilitation- Export of Goods and Services

 Notification No#RBI/2020-21/77 A.P. (DIR Series) Circular No. 08     04 December 2020

Reserve Bank of India RBI/2020-21/77 A.P. (DIR Series) Circular No. 08 December 04, 2020 To, All Category – I Authorised Dealer Banks Madam / Sir, External Trade–Facilitation- Export of Goods and Services Please refer to the Statement on Development and Regulatory P..

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24×7 Availability of Real Time Gross Settlement (RTGS) System

 Notification No#RBI/2020-21/70 DPSS (CO) RTGS No.750/04.04.016/2020-21     04 December 2020

Reserve Bank of India RBI/2020-21/70 DPSS (CO) RTGS No.750/04.04.016/2020-21 December 04, 2020 The Chairman / Managing Director / Chief Executive Officer of member banks participating in RTGS Madam / Dear Sir, 24×7 Availability of Real Time Gross Settlement (RTGS) System A ..

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Processing of e-mandates for recurring transactions

 Notification No#RBI/2020-21/74 DPSS.CO.PD No.754/02.14.003/2020-21     04 December 2020

Reserve Bank of India RBI/2020-21/74 DPSS.CO.PD No.754/02.14.003/2020-21 December 04, 2020 The Chairman / Managing Director / Chief Executive Officer All Scheduled Commercial Banks, including Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks / District Central C..

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Authorisation of entities for operating a Payment System under the Payment and Settlement Systems Act, 2007 (PSS Act) – Introduction of Cooling Period

 Notification No#RBI/2020-21/73 DPSS.CO.OD.No.753/06.08.005/2020-21     04 December 2020

Reserve Bank of India RBI/2020-21/73 DPSS.CO.OD.No.753/06.08.005/2020-21 December 4, 2020 The Chairman / Managing Director / Chief Executive Officer Non-bank Payment System Operators Madam / Dear Sir Authorisation of entities for operating a Payment System under the Payment and ..

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Declaration of dividends by banks

 Notification No#RBI/2020-21/75 DOR.BP.BC.No.29/21.02.067/2020-21     04 December 2020

RBI/2020-21/75 DOR.BP.BC.No.29/21.02.067/2020-21 December 4, 2020 All Commercial Banks and All Cooperative Banks, Madam / Dear Sir, Declaration of dividends by banks Please refer to our circular DOR.BP.BC.No.64/21.02.067/2019-20 dated April 17, 2020, on the captioned subject. ..

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Introduction of Liquidity Adjustment Facility (LAF) and Marginal Standing Facility (MSF) for Regional Rural Banks (RRBs)

 Notification No#RBI/2020-21/76 DOR.RRB.No.28/31.01.001/2020-21     04 December 2020

RBI/2020-21/76 DOR.RRB.No.28/31.01.001/2020-21 December 4, 2020 All Regional Rural Banks Madam/ Sir, Introduction of Liquidity Adjustment Facility (LAF) and Marginal Standing Facility (MSF) for Regional Rural Banks (RRBs) In order to provide an additional avenue for liquidity managem..

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Clarifications on provisions of the Direct Tax Vivad se Vishwas Act, 2020

 Notification No#21/2020     04 December 2020

Circular No. 21 /2020 F. No. IT(A)/1/2020-TPL Government of India  Ministry of Finance  Department of Revenue  Central Board of Direct Taxes Dated: 4th December, 2020  Sub.: Clarifications on provisions of the Direct Tax Vivad se Vishwas Act, 2020 - reg. With the obje..

Posted in Income Tax

Seeks to rescind notification No. 30/2015-Customs (ADD), dated 12th June 2015 to revoke the levy of ADD on imports of "Nylon Tyre Cord Fabric " originating in or exported from China PR

 Notification No#Notification No. 45/2020-Customs (ADD)     03 December 2020

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 45/2020-Customs (ADD) New Delhi, the 3rd of December, 2020 G.S.R. (E).- In exercise of the powers conferred by sub-sections (1) and (5) of section 9A of the Customs Tariff Act, 1975 (51 of 1975), th..

Posted in Custom