November 5, 2015 - India ITR

Exchange Rate of Foreign Currency Relating to Imported and Export Goods Notified

Misc. ItemsBy Himanshi November 5, 2015

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Central Board of Excise & Customs No.101/2015-CUSTOMS (N.T.), dated 15th October, 2015, except as respects things done or omitted to be done before such supersession, the Central Board of…

RBI imposes Monetary Penalty on Dhanlaxmi Bank Ltd.

RBI Notifications/ Circulars/ Press ReleaseBy Himanshi November 5, 2015

The Reserve Bank of India has imposed a monetary penalty of ₹ 10 million on Dhanlaxmi Bank Ltd. for violation of its instructions, among other things, on Know Your Customer (KYC) norms and Anti Money Laundering (AML) standards. The penalty has been imposed in exercise of powers vested in the Reserve Bank under the provisions…