The Indian government is continuously making thorough efforts for achieving the goal of substantially cashless national economy. The goal is not easy to achieve. It requires undertaking of large number of measures of different types and varieties. The list of such measures is endless.
(a) & (b) The new series of bank notes of Rs. 500 and Rs. 2000 have been introduced with effect from 10th November, 2016 after the cancellation of legal tender character of old Rs. 500 and Rs. 1000 notes. These new series bank notes are distinctly different from the old ones in terms of look, design, size and colour.
Every business, whether big or small, needs a strong financial back-bone upon which it operates. The daily running expenses of the business, acquiring assets, buying raw materials, administrative expenses, selling and distribution overheads – all require a source of finance.
S.O. (E): In exercise of powers conferred by Section 3 of FT (D&R) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy, 2015-2020, as amended from time to time, the Central Government hereby extends the applicability of Minimum Import Price (MIP) beyond 04/12/2016 on 19 HS Codes as specified in the Annex to this Notification for two months, i.e., till 4th February, 2017.
