Monthly Archives: August 2014

Notification of the Rate of Interest to be paid on refund of Pre-deposit made under Section – 35F of the Central Excise Act, 1944

  Government of India, Ministry of Finance (Department of Revenue) vide its notification no. 24/2014-Central Excise (N.T.) Dated 12th August, 2014 hereby fixes the rate of interest at six percent per annum for the purpose of section 35FF of the … Continue reading

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RBI : Constitution of Special Investigating Team – sharing of information

  Reserve Bank of India vide its notification no. RBI/2014-15/154 dated July 30, 2014 notified the following: In pursuance of the Hon’ble Supreme Court Judgment dated July 4, 2011, Government of India has constituted a Special Investigation Team (SIT) under … Continue reading

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RBI : External Commercial Borrowing (ECB) Policy — Review of all-in-cost ceiling

  Reserve Bank of India vide its notification no. RBI/2014-15/153 dated July 28, 2014 issued to All Category – I Authorized Dealer Banks notified the following: Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) … Continue reading

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RBI : Trade Credits for Imports into India — Review of all-in-cost ceiling

  Reserve Bank of India vide its notification no. RBI/2014-15/152 dated July 28, 2014 issued to all Category – I Authorized Dealer Banks notified the following: Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) … Continue reading

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RBI : Compilation of R-return: Reporting under FETERS-Discontinuation of ENC and Sch 3 to 6 file

  Reserve Bank of India vide its notification no. RBI/2014-15/151 dated July 28, 2014 issued to All Category – I Authorised Dealer Banks notified the following: Attention of Authorised Dealers is invited to A. P. (DIR Series) Circular No. 101 … Continue reading

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RBI : Clarification Regarding ‘Additional Disclosures by Regional Rural Banks in Notes to Accounts’

  Reserve Bank of India vide its notification no. RBI/2013-14/150 dated July 28, 2014 issued to the Chairmen of all Regional Rural Banks clarified the following: Reference to paragraph 18 of the First Bi-Monthly Monetary Policy Statement 2014-15 announced on … Continue reading

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RBI : Issue of Prepaid Forex Cards- Due Diligence and Adherence to KYC norms

  Reserve Bank of India vide its notification no. RBI/2014-15/147 dated July 25, 2014 clarified the following: Attention of all the Authorised Persons in foreign exchange is invited to Para 2 of the A. P. (DIR Series) Circular No. 104 … Continue reading

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