Mar 27, 2011

SPECIAL CLEARING ON 30 & 31 MARCH

1:44 PM 0
SPECIAL CLEARING ON 30 & 31 MARCH
RBI/2010-11/445
DPSS.CO.CHD.No. 2191/ 03.01.03 / 2010-2011
March 24, 2011
The Chairman and Managing Director / Chief Executive Officer
All Scheduled Commercial Banks including RRBs / UCBs /
State Co-operative Banks / District Central Co-operative Banks
Madam / Dear sir,
Special Clearing on March 30th and 31st, 2011
With a view to facilitating accounting of all the Government transactions of the current financial year (2010-11) by March 31, 2011, the National Clearing Cells functioning under the Regional Offices of Reserve Bank of India have been advised to conduct "Special Clearings" with same day return clearing in the evening / night of March 30 and 31, 2011. They have also been advised to ensure that the Clearing Houses under their jurisdiction conduct these clearings, keeping in view the operational convenience at the local centres, so that instruments relating to Government revenue received from members of the public are realised and the proceeds are credited to Government account by March 31, 2011.
2. In this regard, a reference is invited to the circular issued by our Department of Government and Bank Accounts (vide, DGBA.GAD.No. H.6589/42.01.029 / 2010-11 dated March 23, 2011) on ‘Annual Closing of Government Accounts - Transactions of Central / State Governments - Special Measures for the Current Financial Year (2010-11)’.
3. Member banks of Clearing Houses are advised to implement the instructions received by them from the National Clearing Cells / Clearing Houses.
Yours faithfully
(Arun Pasricha)
General Manager

Mar 23, 2011

ONLINE TRANSMISSION OF ADVANCE AUTHORIZATION OF 7 NEW PORTS

4:06 PM 0
ONLINE TRANSMISSION OF ADVANCE AUTHORIZATION OF 7 NEW PORTS

Government of India

Ministry of Commerce Industry
Directorate General of Foreign Trade
Udyog Bhawan, New Delhi
 Policy Circular No.  26  (RE-2010)/2009-14                                                         Dated  the, 21st March,2011
 Sub:- Online transmission of DES (Advance Authorization), EPCG and DEPB at 7 new port locations w.e.f.   21.3.2011  -  reg.

Mar 21, 2011

INDIRECT TAX APPLICABLE ON PACKAGE SOFTWARE

3:56 PM 0
INDIRECT TAX APPLICABLE ON PACKAGE SOFTWARE
Circular No. 15 /2011-Customs
F.No.354/189 /2009-TRU
Government of India
Ministry of Finance
Department of Revenue
(Tax Research Unit)
*****
Room No. 146-H, North Block,
New Delhi the  18
th
March 2011.
To
The Chief Commissioner of Customs (All)
The Chief Commissioner of Central Excise (All)
The Chief Commissioner of Customs and Central Excise (All)
The Commissioner of Customs (All)
The Commissioner of Customs & Central Excise (All)
Madam/Sir,
Subject: Applicability of indirect taxes on packaged software – regarding

Mar 18, 2011

NO DRAWBACK ON THE GOODS EXPORTED TO NEPAL

10:56 PM 0
NO DRAWBACK ON THE GOODS EXPORTED TO NEPAL
Circular No. 14 / 2011-Customs

 F.No. 609/147/2010-DBK
Government of India
 Ministry of Finance
 Department of Revenue
Central Board of Excise & Customs
******
 New Delhi, the 15th March, 2011

To               

All Chief Commissioners of Customs/ Customs (Prev.) / Customs & Central Excise,
All Directors General of CBEC,
All Commissioners of Customs / Customs (Prev.) / Customs & Central Excise.


Sub: - No drawback on the goods exported to Nepal which were imported into India from third countries – reg

Mar 17, 2011

STANDARD IN WOOD PACKAGING BY EXPORTERS

10:56 PM 0
STANDARD IN WOOD PACKAGING BY EXPORTERS
ircular No. 13/ 2011-Customs

F.No.450/19/2005-Cus.IV
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise & Customs
229 A, North Block,
New Delhi-110001
28th February, 2011.
To

All Chief Commissioners of Customs / Customs (Prev.).
All Chief Commissioners of Customs & Central Excise.
All Commissioners of Customs / Customs (Prev.).
All Commissioners of Customs & Central Excise.
The Director General of Revenue Intelligence.
The Director General of Central Excise Intelligence.
The Director General, NACEN



Subject: Compliance of International Standards for Phytosanitary Measures (ISPM-15) in respect of wood packaging material by exporters – regarding.

CUSTOM REQUIRES CASH IN LIEU OF BANK GURANTEE

10:54 PM 0
CUSTOM REQUIRES CASH IN LIEU OF BANK GURANTEE
Circular No.- 12/2011-Customs                                                 
Dated: 01 /03/2011
F.No. 334/03/2011 (TRU)
Government of India
Ministry of Finance
Department of Revenue, New Delhi
Subject:    Assessment under Project Import Regulations, 1986 - Requirement of cash 
security in lieu of bank guarantee.

CUSTOM EXECUTION OF A COMMON BOND FOR EXPORT PROMOTION SCHEME

10:52 PM 0
CUSTOM EXECUTION OF A COMMON BOND FOR EXPORT PROMOTION SCHEME
Circular  No 11(A)/2011-Cus.

F.No. 605/39/2010-DBK
Government of India
Ministry of Finance
Department of Revenue
***

New Delhi, the  25th February , 2011
To,

All Chief Commissioners of Customs/ Customs (Prev)/ Customs  & Central Excise,
All Directors General of CBEC,
All Commissioners of Customs / Customs (Prev)./  Customs & Central Excise.


Sir/Madam,

Sub: Execution of a Common Bond for specified Export Promotion (EP) schemes-reg.

Mar 16, 2011

LIABILITY OF INTEREST WHERE CENVAT CREDIT WAS WRONGLY TAKEN AND REVERSED BY ASSESSEE

1:41 PM 0
LIABILITY OF INTEREST WHERE CENVAT CREDIT WAS WRONGLY TAKEN AND REVERSED BY ASSESSEE
 Circular No.  942/03/2011-CX
F.No.267/83/2009-CX8 (Pt.I)
 Government of India
Ministry of Finance
Department of Revenue
 (Central Board of Excise & Customs)

                                                                                      New Delhi, dated the 14th March, 2011.
To,
All Director Generals,
All Chief Commissioners of Central Excise (including LTU),
All Commissioners of Central Excise (including LTU).

Sir/ Madam, 

Subject: Liability of interest where CENVAT credit was wrongly taken but reversed by assessee before utilization-reg.

QUANTITY RESTRICTION FOR EXPORT OF COTTON YARN

9:30 AM 0
QUANTITY RESTRICTION FOR EXPORT OF COTTON YARN
To be published in the Gazette of India Extraordinary Part 2 Section 3 Sub-Section(ii)
Government of India
Ministry of Commerce & Industry
Department of Commerce
Udyog Bhawan

Notification No.  32(RE-2010)/2009-14
New Delhi,   dated 14th March,2011

Subject:  Quantity restriction of 55 lakh bales on export of cotton during Cotton Season, 2010-11- Exemption for export of 5000 bales of Assam Comilla cotton.

Mar 10, 2011

BANK GUARANTEE FORMAT FOR EXPORT AND IMPORT

3:23 PM 0
BANK GUARANTEE FORMAT FOR EXPORT AND IMPORT
TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY
(PART-I, SECTION-1)

Government of India
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
Udyog Bhawan, New Delhi-110011

Public Notice No.  38(RE:2010)/2009-2014

The 9th March, 2011
                                                                                                 
Subject:          Amendment in Appendix 25A, HBP Vol.I (Appendices and Aayat Niryat Forms) regarding periodicity of Bank Guarantee (BG) to be executed with Regional Authorities in case of domestic procurement of goods against EPCG authorization.

Mar 9, 2011

MINIMUM EXPORT PRICES OF ONION CUSTOM

1:01 PM 0
MINIMUM EXPORT PRICES OF ONION CUSTOM
(To be Published in the Gazette of India Extraordinary Part-II, Section - 3, Sub-Section (ii))
Government of India
Ministry of Commerce & Industry
Department of Commerce
Udyog Bhawan

Notification No  30 (RE – 2010)/2009-2014
New DelhiDated : 8th March, 2011

Subject:- Minimum Export Price of Onions.

CUSTOM NOTIFICATION 22/2011

1:00 PM 0
CUSTOM NOTIFICATION 22/2011
[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. 22 / 2011 - Customs (N.T.)