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Archive: 29 June 2017

Posts in 29 June 2017

Anti-dumping duty on imports of ‘Pentaerythritol’ from China

June 29, 2017 1986 Views 1 comment Print

Seeks to impose ADD on the imports of Pentaerythritol originating in or exported from China PR for a period of five years vide Notification No. 32 /2017-Customs (ADD)

Compensation Cess Rate Chart under GST Regime

June 29, 2017 6030 Views 0 comment Print

Notification No. 1/2017, the Central Government, on the recommendations of the Council, hereby notifies the rate of cess, that shall be levied on the intra- State supplies or inter-State supplies of such goods, the description of which is specified in the corresponding entry and falling under the tariff item.

Process for Grievance Redressal Committee for rejected Coop Empanelment applications

June 29, 2017 1020 Views 0 comment Print

Kindly follow the following process if your Coop Empanelment Application is rejected either at DDR or at Commissioner office level or both. The Application should be on simple paper addressed to Divisional Joint Registrar where your District falls .The web link for the address and contact details of DDR and Div. Joint Registrar is as under:

Shipping Bill (Electronic Declaration) (Amendment) Regulations, 2017

June 29, 2017 1350 Views 0 comment Print

In the Shipping Bill (Electronic Declaration) Regulations, 2011, in regulation 1, in sub-regulation (1), for the words Electronic Declaration, the words Electronic Integrated Declaration shall be substituted.

Shipping Bill & Bill of Export (Forms) Regulations,2017

June 29, 2017 6357 Views 0 comment Print

Shipping Bill. -A shipping bill to be presented by an exporter of goods shall be in Form SB I or Form SB II, as the case may be, appended to these regulations.

Amendment in Custom Notification related to AIRs of duty drawback

June 29, 2017 5724 Views 1 comment Print

An export product accompanied with tax invoice and forming part of project export (including turnkey export or supplies) for which no figure is shown in columns (5) and (7) in the said Schedule, shall be so declared by the exporter and the maximum amount of drawback that can be availed under the said Schedule shall not exceed amount calculated by applying ad-valorem rate of drawback shown in column (4) or column (6) to one and half times the tax invoice value.

Customs, Central Excise Duties and Service Tax Drawback (Amendment) Rules, 2017

June 29, 2017 7869 Views 0 comment Print

Cases where amount or rate of drawback has not been determined.- (1)(a) Where no amount or rate of drawback has been determined in respect of any goods, any exporter of such goods may, within three months from the date relevant for the applicability of the amount or rate of drawback in terms of sub-rule (3) of rule 5, apply to the Principal Commissioner of Customs or Commissioner of Customs, as the case may be, having

Re-export of Imported Goods (Drawback of Customs Duties) Amendment Rules, 2017

June 29, 2017 11148 Views 0 comment Print

Drawback in relation to any goods exported out of India, means the refund of duty or tax or cess as referred to in the Customs Tariff Act, 1975 (51 of 1975) and paid on importation of such goods in terms of section 74 of the Customs Act.

Limits on balances in customer accounts with payments banks – sweep out arrangements with other banks

June 29, 2017 759 Views 0 comment Print

PBs are permitted to act as Business Correspondents (BCs) of other banks. Under the BC arrangement and with prior specific or general consent of the customer, PB may effect the transfer of funds deposited by her into her account with another eligible bank, so that the balance in her account with the PB does not exceed ₹100,000 or any such lower amount as specified by her.

Government transactions not eligible for agency commission

June 29, 2017 795 Views 0 comment Print

it is clarified that the following activities do not come under the purview of agency bank business and are therefore not eligible for payment of agency commission: a. Furnishing of bank guarantees/security deposits, etc. through agency banks by government contractors/suppliers, which constitute banking transactions undertaken by banks for their customers.

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