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Since 1st March, 1999
 
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Cheque leeway

Mumbai, Dec. 14: Bank account holders can continue to use their old format cheques for another three months as the RBI has extended the deadline for banks to issue new cheques with uniform security features till March next year. The RBI in a notification today said, “Taking into consideration representations, it has been decided to extend the time up to March 31, 2013, for banks to ensure withdrawal of non-CTS 2010 standard cheques and replace them with CTS-2010 standard cheques.”

Gold import

New Delhi, Dec. 14: The government today slashed the import tariff value of gold marginally to $550 per 10 gram amid weak global prices of the precious metal. The tariff value of silver has, however, been hiked marginally to $1062 a kg. The tariff value is the base price on which the customs duty is determined to prevent under-invoicing.


 
 
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