RBI CIRCULARS 2005-2006

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 2005-2006

CIRCULAR NO
SUBJECT
039/2006
Anti-Money Laundering Guidelines
038/2006
Exim Bank's Line of Credit of USD 27.7 million to the Government of the Republic of Mali and Senegal (Mali- USD 20.62 mn. Senegal - USD 7.08 mn.)
037/2006
Exim Bank's Line of Credit of USD 27 million to the Government of SenegalBottom of Form
036/2006
Exim Bank's Line of Credit of USD 6.70 million to the Government of GambiaBottom of Form
035/2006
Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between the Government of India and erstwhile USSR
034/2006
External Commercial Borrowing - clarification on Overseas Corporate Bodies (OCBs) as recognised lenders
033/2006
Exim Bank’s Line of Credit of US$50.40 Million to the Fiji Sugar Corporation Ltd., Fiji Islands
032/2006
Remittance of initial and recurring expenses for Branch offices opened abroad
031/2006
Export of Goods and Services – Extension of period of realization
030/2006
Overseas Investment – Liberalisation under ESOP scheme
029/2006
Overseas Investment - Liberalisation
028/2006
Exim Bank’s Line of Credit of US$ 33.5 Million to the Government of Democratic Republic of Congo (DR Congo)
027/2006
Exim Bank’s Line of Credit of US$ 60 Million to the Government of Ghana
026/2006
Exim Bank's Line of Credit of USD 5 Million to Eastern and Southern African Trade & Development Bank (PTA)Bank
025/2006
Authorised Persons- Categorisation
024/2006
Foreign Investment in Tier I and Tier II instruments issued by banks in India
023/2006
External Commercial Borrowings (ECB) by Multi-State Co-operative Societies
022/2006
Exim Bank’s Line of Credit of US$ 10 Million to Absolut Bank, Russia.
021/2006
Export of Goods and Services - Liberalisation - GR Approval for export
020/2006
Exim Bank’s Line of Credit of US$26.8 Million to the Government of Cote d’Ivoire
019/2006
Exim Bank’s Line of Credit of US$ 27 Million to The Government of the Republic of Mali
018/2005
Anti-Money Laundering Guidelines for Authorized Money Changers
017/2005
Exim Bank’s Line of Credit of US$ 27 Million to The Government of the Republic of Ghana
016/2005
Foreign Investment in Asset Reconstruction Companies
015/2005
External Commercial Borrowings (ECB)
014/2005
Exim Bank's Line of Credit of USD 50 Million to The Government of the Republic of Chad
013/2005
Import of Aircraft on Operating Lease - Security Deposits
012-2005
Exim Bank's Line of Credit to BMCE Bank, Morocco
011-2005
FCCBs and Ordinary Shares [Through Depository Receipt Mechanism] Scheme, 1993 Amended
010-2005
FDI - Transfer of Shares / Convertible Debentures - Clarification
009-2005
Overseas Direct Investment in Bhutan
008-2005
Foreign Investments in India Transfer of security by way of gift - Procedure
007-2005
Foreign Direct Investment (FDI) in Construction Development Sector
006-2005
Foreign Investment in Print media sector
005-2005
External Commercial Borrowings (ECB)
004-2005
Foreign Direct Investment in Petroleum Sector and Air Transport Services
003-2005
Risk Management and Inter- bank Dealings - Commodity Hedging
002-2005
Exim Bank's Line of Credit of USD 2 Million to Trade and Investment Development Corporation of the Philippines - TIDCORP (also known as Philippine Export-Import Credit Agency – PhilEXIM
001-2005
Import of Goods of Value USD 100,000 and Less -Clarification on Follow up for Evidence of Import