RBI/2004-05/280A.P. (DIR Series) Circular No.28 November 19, 2004 To All Banks Authorised to Deal in Foreign Exchange Madam / Sirs, Indo-Myanmar Trade – Relaxation from ACU Mechanism Attention of Authorised Dealer (AD) banks is invited to Regulations 3 and 5 of Notification No.FEMA.14/2000-RB dated May 3, 2000 read with items 7(b) and 7(e) of the Memorandum of Procedure for channelling transaction through Asian Clearing Union (ACU) in terms of which, all current accou

RBI/2004-05/291DBOD.No.Ret.BC.59/12.01.001/2004-05 December 3, 2004 All Scheduled Commercial Banks (Excluding Regional Rural Banks & Local Area Banks) Dear Sir Bank’s lending to Primary Dealers - Netting Concept for Reserve requirements Please refer to our circular letter DBOD.No.Ret.BC.6/12.01.001/2003-04 dated July 23, 2003 advising banks that they can derive the benefit of netting of assets and liabilities in respect of their dealing with Standard Chartered - U

24 January 2004RBI/2004/27/03.00/2003-04 The Chairman & Managing Director, All Public/Private Sector Banks. Dear Sir, Withdrawal of old Cupro Nickel and Aluminum Coins Please refer to our letter DCM (RMMT) No.404/11.37.01/2003-04 dated 9th October 2003 regarding reverse flow of coins from the public. It has now been decided by the Government that old coins of value up to Re.1/- made from Cupro-Nickel alloy and Aluminum should be withdrawn and sent to Mints for mel

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P. (DIR Series) Circular No.30 October 21, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Export of Goods and Services Attention of Authorised Dealers is invited to A.P. (DIR Series) Circulars No.6 dated September 24, 2001, No.2 dated July 4, 2002 and No.33 dated October 23, 2002, in terms of which manufacturer exporters/merchant exporters/traders of certain products and having e

RESERVE BANK OF INDIAFOREIGN EXCHANGE DEPARTMENTCENTRAL OFFICEMUMBAI-400 001 RBI/2004/149 A.P.(DIR Series) Circular No.85 April 16, 2004 To All Authorised Dealers in Foreign Exchange Dear Sirs/Madam, Exim Bank's Lines of Credit of USD 10 Million each to Government of Zambia and to Bank Gospodarstwa Krajowego (National Economy Bank - BGK Bank), Poland Export-Import Bank of India (Exim Bank) has concluded agreements with Ministry of Finance, Government of Zambia on Dece

RBI/2004/145DGBA.GAD.No. H-1068 /42.01.034/2003-04 April 16, 2004The Chairman & Managing Director / Managing DirectorState Bank of India and its AssociatesAll Nationalised BanksHDFC Bank Ltd., / ICICI Bank Ltd.,IDBI Bank Ltd., / UTI Bank Ltd.(as per list enclosed)Dear Sir,Accounting Procedure for On-line Tax Accounting System (OLTAS)Please refer to our Circular No. RBI/2004/129 (DGBA.GAD.No. 989/ 42.01.034/2003-04) dated March 31, 2004 advising you to extend the P

RBI/2004/135DGBA.GAD.No.1142 /42.01.001/2003-04 April 2, 2004The Chief Executive OfficerAll Agency Banks (as per list)Dear Sir,Procedure for Collection of Taxes at Bank Branches - Customer Service Please refer to "Accounting System for Direct Taxes" (Pink Booklet) wherein detailed instructions were laid down for collection and accounting of Income and other Direct Taxes and payments of Income Tax Refund Orders (ITROs) by the branches of Public Sector Banks. It is obse

RBI/2004/215Ref. DGBA.GAD. No. 762 - 794 /45.05.031/2004-05 October 12, 2004 Aswina 20, 1926 The Chairman and Managing Director All Pension Paying Banks (As per List ) Dear Sir, Disbursement of Railway Pension Holding Back of Railway Money by Agency Banks Please refer to our Circular DGBA. GAD. No. H-1174/ 45.02.001/ 2003-04 dated June 16, 2004 regarding withholding of Defence Fund by the pension disbursing banks. We have since received similar complaints from Railway

RBI/2004/281 DGBA.GAD.No.H-1793-1826/42.01.001/2004-05 November 20, 2004 The Chief Executive Officer All Agency Banks (As per list) Dear Sir, New Major Head for Accounting ‘Securities Transaction Tax’ We have been informed by the Office of the Principal Chief Controller of Accounts, Central Board of Direct Taxes, New Delhi that as per chapter VII of the Finance Act 2004-05, every recognised Stock Exchange shall collect the Securities Transaction Tax from every person,