Rupee hits a new low of 54.82 against Dollar   IPL Bangalore Team Player Luke Pomersback arrested by Delhi Police    Shahrukh Khan banned for 5 years from entering in Wankhede Stadium    CBI raids 15 MLAs in Jharkhand for taking bribe in Rajya Sabha elections   Rajya Sabha passes Finance Bill 2012    Petrol & Diesel prices to be hiked    Yeddy applies for bail after CBI raids on his residence   Income Tax Officer SK Saini sentenced to 3 years RI + fine of Rs 35 Lakh by CBI Court in Bhopal     IRS Officer Brahmananda Reddy arrested by CBI     Founder of Matrix Laboratories Nimmagadda Prasad also arrested by CBI   Tariff Value for import of Brass scrap is 4362 & for poppy seeds 3680-for gold 507 per 10 gram & for silver 920 per kg-Customs Non-Tariff Notification No.42      Customs duty exempted on import of 191 Products from Singapore-Customs Tariff Notification No.33    Import of 485 Products from Singapore exempted from Customs duty-Customs Tariff Notification No.34    Import of 496 Products from Singapore exempted from 50 per cent of applied rate of duty-Customs Tariff Notification No.35     Saurabh Chandra gets additional charge of Commerce Secretary    ITAT Member N Vasudevan transferred from Mumbai to Bangalore-J Sudhakar Reddy moves from Mumbai to Delhi-IP Bansal from Delhi to Mumbai-IC Sudhir from Pune to Delhi      CVD on imported electronics lowered due to higher rates of abatement from RSP notified-Abatement from MRP for excise payment on all electronic products prescribed at uniform rate of 35 per cent-Abatement revised for several products-Central Excise Non-Tariff Notification No.26     Suppliers to Mega Power Projects face silly excise demands-Click on the link below for full details    Excise demand of Rs 32 Crore confirmed against Exide for not paying excise on MRP basis on lead acid storage battery     RBI says Exporters required to convert 50 per cent of their foreign exchange holdings into Rupee within 15 days-Exporters will be allowed to buy foreign currency only after utilizing all their foreign currency holdings      Articles of jewellery exempted from excise duty-Specified Railway Goods manufactured by Government exempted from excise -Central Excise Tariff Notification No.23   Excise on specified Petroleum Oils lowered    Eye makeup preparations exempted from excise   The excise exemption hitherto admissible on all Hawai Chappals will now be admissible to only Hawai Chappals of RSP up to Rs 500-Polyester staple fibre or polyester filament yarn, manufactured from plastic scrap or plastic waste including waste polyethylene terephthalate bottles exempted from excise-Excise on Motor chassis for vehicles lowered to 14 per cent excise-Excise on LED Lights of Chapter 85 lowered to 6 per cent-Inks for ball point pens exempted from excise-Central Excise Tariff Notification No.24-Parts of Footwear and hawai chappals of RSP not exceeding Rs. 500 per pair exempted from excise if consumed in factory-Central Excise Tariff Notification No.25-Excise exemption to goods required for initial setting up of solar power generation project or facility-Central Excise Tariff Notification No.26     CENVAT Credit (Fifth Amendment) Rules, 2012-No reversal of credit required for supplies made for setting up of solar power generation projects or facilities-Central Excise Non-Tariff Notification No.25     exemption from wholeof the additional duty leviable shall not apply to Hand held Metal/Mine/Bomb detectors etc.-Customs Tariff Notification No.30    Import of specified goods allowed at concessional rate of duty-Customs Notification No.31       Lok Sabha passes Finance Bill 2012      FM defers the applicability of  GAAR provisions by one year- GAAR provisions will now apply to income of Financial Year 2013-14 and subsequent years-The retrospective clarificatory amendments now under consideration of Parliament will not be used to reopen any cases where assessment orders have already been finalized-long term capital gain arising from sale of unlisted securities in case of  non-resident investors, including PE investors lowered to 10 per cent-FM extends  benefit of tax exemption on long term capital gains to  sale of unlisted securities in IPO-lower rate of withholding tax of 5% for funding all businesses-FM withdraws  the provision for levy of TDS on transfer of immovable property-FM raises the threshold limit for TCS on cash purchases of jewellery to Rs.5 lakh-only serious offences under the customs law involving prohibited goods or duty evasion exceeding Rs.50 lakh, shall be cognizable- all these offences shall be bailable-changes in the definition of “service” which will exclude the activities specified in the Constitution as “deemed sale of goods”-The definition of “works contract” also  enlarged to include movable properties- Exemption for specified services relating to agriculture in the Negative List extended to agricultural produce enlarging the scope of the entry    Anti-dumping duty on imports of Partially Oriented Yarn, originating in, or exported from China-Customs Notification No.22        Customs duty on import of 806 Products from Japan lowered       Anti-dumping duty imposed on import of Phosphoric Acid of all grades and all concentrations (excluding Agriculture/FertilizerGrade) , falling under tariff item 28092010, originating in, or exported from,Israel and Taiwan-Customs Tariff Notification No.19     Customs duty on import of composite fertiliser lowered to 1 per cent-Customs Tariff Notification No. 24      
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RBI CIRCULARS 2004-2005

CIRCULAR NO.

SUBJECT

1/2004-05

Exim Bank's Line of Credit for USD 5 million to Government of Angola

2/2004-05

Import of Gold by (i) Export Oriented Units (EOUs), (ii) Units in SEZ/EPZ, and (iii) Nominated Agencies - A.P.(DIR Series) Circular No. 2

3/2004-05

Exim Bank's Line of Credit for USD 50 million to Government of Sudan - A.P.(DIR Series) Circular No. 3

4/2004-05

Deferred Payment Protocols dated 30th April 1981 and 23rd December 1985 between the Government of India and erstwhile USSR - A.P.(DIR Series) Circular No. 4

5/2004-05

Indo-Sri Lanka Credit Agreement dated March 23, 2004 for USD 25 Million - A.P.(DIR Series) Circular No. 5

6/2004-05

Foreign Exchange Management (Foreign Currency Accounts by a Person Resident in India) (First Amendment) Regulations, 2004 - A.P.(DIR Series) Circular No. 6

7/2004-05

Exim Bank's Line of Credit of USD 10 million to Hungarian Export - Import Bank Ltd., Hungary - A.P.(DIR Series) Circular No.7

8/2004-05

Non – Resident Deposits-Comprehensive Single Return (NRD-CSR) – Revised Version 2.1@ - A.P.(DIR Series) Circular No. 8

9/2004-05

Foreign Exchange Management Act, 1999 - A.P.(DIR Series) Circular No. 9

10/2004-05

Export of Goods and Services to Latin American Countries - A.P.(DIR Series) Circular No. 10

11/2004-05

Foreign Investments in India - A.P.(DIR Series) Circular No. 11

12/2004-05

Government Departments/PSUs need Prior Approval for Imports on c.i.f. basis - A.P.(DIR Series) Circular No. 12

13/2004-05

Listed Indian Companies can issue ESOPs to Citizens of Sri Lanka & Bangladesh

14/2004-05

No RBI Permission for ADR/GDR linked ESOPs

15/2004-05

General Permission for Conversion of ECBs

16/2004-05

FDIs:No Prior FIPB Approval for Transfer of Shares

17/2004-05

Issue of Bank Guarantee in Favour of Foreign Airlines/IATA - A.P.(DIR Series) Circular No. 17

18/2004-05

GOI notifies Foreign Exchange Department Nomenclature and changes in FEMA

19/2004-05

Foreign Exchange Management Act, 1999 - Amendments - A.P.(DIR Series) Circular No. 19

20/2004-05

Remittance of Hiring Charges of Transponders now Require Additional Approval

21/2004-05

Exim Bank's Line of Credit of USD 16 million to Government of Suriname - A.P.(DIR Series) Circular No. 21

22/2004-05

Exim Bank's Line of Credit to Government of Ghana - A.P. (DIR Series) Circular No. 22

23/2004-05

Exim Bank's Line of Credit to PTA Bank - A.P. (DIR Series) Circular No. 23

24/2004-05

ADs Permitted to Issue Guarantees upto USD 20 Million for Imports

25/2004-05

Period of Realisation for 100% EOUs Extended to One Year

26/2004-05

Booking of Forward Contracts Based on Past Performance

27/2004-05

Exim Bank's Lines of Credits of (i) USD 10 Mn. to Unibanco-Uniao De Bancos Brasileiros, S.A. and (ii) USD 56.358 Mn. to Myanma Foreign Trade Bank, Myanmar - A.P. (DIR Series) Circular No. 27

28/2004-05

Indo-Myanmar Trade – Relaxation from ACU Mechanism - A.P. (DIR Series) Circular No. 28

29/2004-05

Exim Bank's Line of Credit of USD 27 million to Government of Vietnam - A.P. (DIR Series) Circular No. 29

30/2004-05

Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between the Government of India and erstwhile USSR

31/2004-05

Compounding of Contraventions under FEMA 1999

32/2004-05

Overseas Direct Investment – Liberalisation

33/2004-05

Deferred Payment Protocols between the Government of India and erstwhile USSR

34/2004-05

Import of Gold on Loan Basis – Tenor of Loan and Opening of Stand-By Letter of Credit

35/2004-05

Exim Bank's Line of Credit of USD 5 million to Government of Lesotho

36/2004-05

Exim Bank's Line of Credit of USD 15 million to Government of Senegal

37/2004-05

Operations in Non-Resident External (NRE)/Foreign Currency Non-resident (Bank) (FCNR (B)) Accounts by the Resident Power of Attorney Holder

38/2004-05

Liberalised Remittance Scheme of USD 25,000 for Resident Individuals

39/2004-05

Establishment of Liaison Offices in India by foreign Insurance companies

40/2004-05

External Commercial Borrowings (ECB) for Non-Government Organisations (NGOs) engaged in micro finance activities under

Automatic Route

41/2004-05

Exim Bank's Line of Credit of USD 5 million to Eastern and Southern African Trade and Development Bank (PTA Bank)

42/2004-05

Overseas Investment: Liberalisation

43/2004-05

Amendments to FEMA Regulations – Remittance of assets by Non-Resident Indians (NRIs)/Persons of Indian Origin (PIO)

44/2004-05

Project Offices—Intermittent remittances and Foreign Currency Accounts in India

45/2004-05

Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between the Government of India and erstwhile USSR

46/2004-05

Use of International Debit Cards/Store Value Cards/Charge Cards/Smart Cards by Resident Indians while on a visit outside India

47/2004-05

Booking and Cancellation of Forward Contracts

 

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