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Last Updated : Tuesday 4th October, 2011 - 9:11pm
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CBEC issues instructions regarding adjudication of Central Excise and Service Tax Cases booked by DGCEI Continue reading | Govt extend the validity of Notification No. 01/2010-(Anti dumping duty on tyre processing machineries for tyres imported from People’s Republic of China) for a further period of one year i.e. upto and inclusive of 07-01-2016. Continue reading | A new laboratory is added for purpose of certification/grading of diamonds of 0.25 carats and above under paragraph 4A.2.1 of Foreign Trade Policy, 2009 - 2014. Continue reading | Seeks to notify the “resident firm” as the class of persons for the purpose of sub-clause (iii) of clause (b) of section 96A of the Finance Act, 1994. Continue reading | Seeks to notify the “resident firm” as the class of persons for the purposes of section 23A of the Central Excise Act, 1944 so as to extend the scheme of Advance Ruling to Resident Firm. Continue reading | Seeks to amend Notification No. 16/2014-CE (NT) dated 21st March 2014 to make its provisions applicable to registered importers. Continue reading | Seeks to amend Central Excise Rules, 2002 to interalia provide for i) Issue of digitally signed invoices and preservation of records in electronic form by a manufacturer; ii) Application of certain provision of these rules to registered importer also Continue reading | Seeks to amend Notification No. 35/2001-CE (NT) dated 26th June 2001 so as to simplify registration process. Continue reading | Seeks to amend Cenvat Credit Rules, 2004. Continue reading | Seeks to amend Pan Masala Packing Machines (Capacity Determination and Collection of Duty) Rules, 2008 notified vide Notification No. 30/2008-CE (NT), dated 1st July, 2008. Continue reading |
 
 
 
NOTIFICATION NO.G.S.R. 740(E), DATED 4-10-2011

NOTIFICATION NO.G.S.R. 740(E), DATED 4-10-2011

Post Office Recurring Deposit (Amendment) Rules, 2011 - Amendment in rules 6, 9, 9A and 11

In exercise of the powers conferred by section 15 of the Government Savings Banks Act, 1873 (5 of 1873), the Central Government hereby makes the following rules further to amend the Post Office Recurring Deposit Rules, 1981, namely:—

1. (1) These rules may be called the Post Office Recurring Deposit (Amendment) Rules, 2011.

(2) They shall come into force on the date of their publication in the Official Gazette.

2. In the Post Office Recurring Deposit Rules, 1981,—

(A) in rule 6, for sub-rule (3), the following sub-rule shall be substituted, namely:—

"(3) The first monthly deposit shall be made at the time of opening the account and the amount of such deposit shall be the denomination of the account. Each subsequent monthly deposit shall be made up to 15th day of the month in respect of accounts opened between 1st day and 15th day of a calendar month and up to end of the calendar month in respect of accounts opened between 16th day and last day of the month and shall be equal to the first deposit.";

(B) in rule 9, in sub-rule (2), after clause (b), the following new clause shall be inserted, namely :

"(c) Where an account has become discontinued or where the defaults in monthly deposit in an account have not been rectified during its maturity period or maturity period as extended under sub-rule (1) of rule 7 and the depositor has retained the amount in the account beyond maturity period, the depositor shall be entitled to a simple interest at the rate applicable from time to time to post office savings accounts on the deposited amount from the date of maturity till the date of closure of the account.";

(C) in rule 9A, for the words "interest at the rate applicable", the words "simple interest at the rate applicable", shall be substituted;

(D) in rule 11, after sub-rule (3) the following sub-rule shall be inserted, namely:—

"(4) Notwithstanding anything contained in the foregoing rules, if sixty monthly deposits have been made in an account during its maturity period or maturity periods as extended under sub-rule (1) of rule 7 and the depositor has retained the amount in the account beyond the maturity period, the depositor shall be entitled to a simple interest at the rate applicable from time to time to post office savings accounts on the deposited amount from the date of maturity till the date of closure of the account."




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