- Tuesday, October 11, 2011, 7:20
- Custom Duty
- 13 views
As a matter of trade facilitation and reduction in use of papers in customs processing, it is proposed to revise the format of Exchange Control copy of Shipping Bills to include only the information which is deemed to be necessary and relevant for the banking as well as compliance with government regulations purposes. The suggestions from trade are invited on the revised format at the earliest. The suggestions may be sent to: icegate.feedback@icegate.gov.in
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- Wednesday, November 18, 2009, 2:55
- Custom Duty
- 23 views
Recently the Central Board of Excise and Customs issued a circular, Circular No. 4/2004 dt. 16-01-2004 [2004 (163) ELT T29], saying that conversion of Shipping Bills from free Shipping Bill to drawback Shipping Bill or from one export incentive scheme to other should not be encouraged. The said circular imposes conditions which have made it almost impossible to attain such conversion. In this context, the present paper seeks to examine the relevant legal provision for..
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- Tuesday, October 27, 2009, 1:18
- Custom Duty
- 8 views
A new scheme under paragraph 4A.2 has been introduced in the Foreign Trade Policy 2009-2014 (FTP) for import of diamonds for certification and grading and re-export thereof. Procedure in this regard has also been specified under paragraph 4A.14 of Handbook of Procedure Volume I (HBP). To avoid dichotomy in following the procedure by the field formations for allowing import of diamonds for the specified purpose and re-export thereof, the salient feature of this scheme and..
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- Saturday, September 26, 2009, 5:38
- Excise Duty, Service Tax
- 62 views
Refund scheme to exporters was introduced by notification n. 41/2007 dated 6th Oct 2007. The scope of refund was enhanced from time to time along with the procedural changes. To make the scheme simple and ensure speedier disposal, two notifications 17-2009-ST and 18-2009-ST have been issued on 7th July 2009 superseding the earlier scheme.
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- Wednesday, March 18, 2009, 1:03
- FEMA
- 40 views
AMENDMENTS IN FOREIGN TRADE POLICY 2004-09 The Union Minster of Commerce and Industry Shir Kamal Nath announced the annual supplement of Foreign Trade Policy 2009-10 on February 26, 2009. DGFT issued Public notice no. 151(RE-2008)/2004-09 dated February 26, 2009 to amend the Foreign Trade Policy 2004-09 and Handbook of Procedure (Vol-I) accordingly. The major amendments [...]
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