News Update

India-U.S. Industry leaders renew vows for commercial tiesCX - Assessee purchased transformer oil for use in factory & only for convenience, transported such oil in barrels along with finished products - This does not entail that transformer oil is being cleared as such - Demands seeking reversal of Cenvat credit availed on transformer oil, rightly quashed: CESTATCyclone 'Michaung' to hit Bay of Bengal; NCMC gears upST - Since the impugned order has travelled beyond SCN and has been passed on a new ground, same is not sustainable: CESTATPower Minister inaugurates Conference on 'Energy Transition in India'Roundtable on MICE tourism: Digital asset sharing is criticalDGFT notifies caps for export of broken rice & wheat flour through NCEL6 die after consuming Ayurvedic cough syrup in Gujarat; 7 arrestedGovt appoints Sandip Garg as Whole Time Director of IBBIAssam suspends 21 officials in ‘cash for job’ scandalTruce expires; Airstrikes roll out again in Gaza + Blinken says Hamas reneged on ceasefireSpaceX launches South Korea’s first spy satelliteRepublicans urge Biden to ban China travel over mysterious respiratory diseaseGST mop-up for Nov month veers around 1.68 lakh croreDelhi Customs registers case of illegal import of foreign-origin cigarettesPM proposes to host COP33 in 2028 in IndiaPaddy harvesting season witnesses significant decrease in stubble burning1.15 Cr Digital Life Certificates generated, including 51 lakh for EPFO Pensioners5Gs - Growth, good governance, grit, genuine trust and green technologies taking India forward: GoyalSecondment of employees and Service taxDefence Acquisition Council approves capital acquisition proposals worth Rs 2.23 lakh CrCBIC amends tariff value of edible oils, gold & silverIndia-UAE FTA: New entry of 1271A notified with 95% tax rateHLC okays Rs 1658 Cr Recovery and Reconstruction for JoshimathGovt reduces special excise duty on crude oilConsumer Protection Act: Govt defines terms such as ‘Basket sneaking’; ‘False Urgency’; ‘Confirm Shaming’ etc
Untitled Document
Issue Date
Subject
Notification No
17-Dec-2016
For deposit of specified bank notes by the District Co-operative Central Bank as per RBI Directions
24-Nov-2016
Use of old notes - Deadline extended from Nov 24th to Dec 15th for certain exempted category
24-Nov-2016
Demonetization - Co-operative bank to be read as only "Urban Co-operative Banks and State Co-operative Banks"
21-Nov-2016
Govt notifies section 229 of FA, 2016 relating to FEMA for recovery of  penalty arrears
21-Nov-2016

Withdrawal of Legal Tender Character of the existing Bank Notes in the denominations of Rs. 500/- and Rs. 1000/- ( Updated as on November 21, 2016 )

Frequently Asked Questions

18-Nov-2016
Withdrawal of Rs 2.5 lakh allowed for marriage purpose
17-Nov-2016
Corrigendum of S.O. 3408(E) dated 8th November, 2016
17-Nov-2016
Cash withdrawal limit from bank account specified in case of farmers & wedding expenses
17-Nov-2016
Exchange limit for demonetized notes reduced to Rs. 2000; current account withdrawal limit made applicable to traders registered with APAC or mandis
14-Nov-2016
Promotion of payments through cards and digital means
14-Nov-2016

Govt restricts cash withdrawal to Rs. 50,000 a week, for current accounts in operation during last three months or more

14-Nov-2016

Govt extends time period for use of demonitized notes in case of specified transactions till 24.11.2016

13-Nov-2016
Corrigendum to S.O. 3408(E) dated November 8, 2016
13-Nov-2016
Increase in Withdrawal limit from ATMs & Exchange of money from banks
11-Nov-2016
Extension of date of specified notes for consideration as legal tender
10-Nov-2016
Relaxation for making payment of Tax and Utility bills
09-Nov-2016
Corrigendum to S.O. 3407 (E), dated November 8, 2016
09-Nov-2016
Corrigendum to S.O. 3409(E), dated November 8, 2016
09-Nov-2016

Govt prescribes use of demonitized notes for more transactions

08-Nov-2016
Denomination of 2000 rupee note
08-Nov-2016

Exemptions in respect of certain transactions where legal tender still has effect

08-Nov-2016

Exchange of Rs 500 and Rs 1000 rupee note from banks & ATMs

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