Notification & Circulars

Clarification on “Extension of grace period for payment of renewal premium of life insurance policies in light of recent demonetization”

Notification No#IRDA/ACTL/CIR/MISC/238/11/2016 29 November 2016

To All the CEOs of the Life Insurance Companies Re: Clarification on “Extension of grace period for payment of renewal premium of life insurance policies in light of recent demonetization” Reference is drawn to the Circular Ref: IRDA/ACTL/CIR/ULIP/236/11/2016 dated 25t..

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Seeks to levy definitive anti-dumping duty on “Axle for Trailers” originating in, or exported from People’s Republic of China

Notification No#54 /2016-Customs (ADD) 29 November 2016

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 54 /2016-Customs (ADD) New Delhi, the 29 th November, 2016 G.S.R. (E). –Whereas, in t..

Posted in Custom

Income-tax (34th Amendment) Rules, 2016

Notification No#108/2016 29 November 2016

MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 29th November, 2016 G.S.R. 1100(E).—In exercise of the powers conferred by clause (ii) of Explanation 1 to clause (42A) of section 2, read with section 295 of th..

Posted in Income Tax

Withdrawal of Legal Tender status of banknotes of ₹ 500 and ₹ 1000: Activity at Banks during November 10-27, 2016

Notification No#2016-2017/1349 28 November 2016

Consequent to the announcement of withdrawal of legal tender status of banknotes of ₹ 500 and ₹ 1000 denominations from the midnight of November 8, 2016, the Reserve Bank of India made arrangements for exchange and/or deposit of such notes at the counters of the Reserve Bank and commercial banks, Re..

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Seeks to exempt Point of Sale (POS) devices and goods required for its manufacature from central excise duty till 31st March, 2017

Notification No#35/2016 - Central Excise 28 November 2016

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 35/2016 - Central Excise New Delhi, the 28th November, 2016 G.S.R. (E). - In exercise of the..

Posted in Excise

Chest Guarantee Scheme for Specified Bank Notes (SBNs) – CGSS

Notification No#1438/10.27.00/2016-17 28 November 2016

RBI/2016-17/162 DCM (Plg) No.1438/10.27.00/2016-17 November 28, 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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Reconstitution of the Executive Committee, CBT (Employees' Provident Fund)

Notification No#4 (2) EC/2016 / 14352 28 November 2016

Employees' Provident Fund Organisation (Ministry of Labour & Employment, Govt. of India) Bhavishya Nidhi Bhawan, 14-Bhikaiji Cama Place, New Delhi-110066 No.Conf.4 (2) EC/2016 / 14352 Dated: 28.11.2016 To, All Members, Central Board..

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Accepting payment under IDS 2016

Notification No#No.RB/CIR/IDS/1507 28 November 2016

No.RB/CIR/IDS/1507 November 28, 2016 The Chief Executives of Member Banks Dear Sir/Madam, Accepting payment under IDS 2016 Kindly refer to the appended self-explanatory email from Reserve Bank of India and Central Board of Direct Taxes on ac..

Posted in Income Tax

Cash withdrawal restriction removed of deposit made in legal tender

Notification No#1437/10.27.00/2016-17 28 November 2016

RBI/2016-17/163 DCM.No.1437/10.27.00/2016-17 November 28, 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/ District Central Cooperative ..

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