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Archive: 02 September 2021

Posts in 02 September 2021

Biopesticides classifiable under chapter 38: CAAR

September 2, 2021 849 Views 0 comment Print

In re Dow Agro Sciences India Pvt. Ltd. (CAAR Mumbai) Import of insecticides/pesticides is subject to the provisions of the Insecticides Act, 1968. As per provisions of section 9 of the said Act, no insecticides are allowed to be imported without a valid certificate of registration or an import permit issued by the Secretary, Central […]

CAAR cannot give ruling on a issue already pending before an officer of customs

September 2, 2021 408 Views 0 comment Print

In re Larsen & Toubro Ltd. (CAAR Mumbai) This is a request for advance ruling seeking classification of tunnel boring machine and its components, as well as the eligibility of the said goods for exemption from customs duty. The request for advance ruling was filed in the secretariat of the erstwhile AAR, New Delhi on […]

Classification for import of Stainless Steel Scrap – CAAR rejects application as infructous

September 2, 2021 2325 Views 0 comment Print

In re  ELG India Private Limited (CAAR Mumbai) An application dated 27.09.2013 for advance ruling was filed by M/s. ELG India Pvt. Ltd. (the applicant, here-in-after) with the Secretary to the erstwhile Advance Rulings Authority, New Delhi (the AAR, here-in-after) on 15.10.2013. The issue for determination was whether the benefit of concessional rate of duty […]

API/chikni/unflavoured/flavoured & boiled supari classifiable under heading 0802

September 2, 2021 1422 Views 0 comment Print

In Re M/s Zaveri Enterprises, Proprietor Sharik Salim Zaveri (CAAR Mumbai) All the five products i.e., API supari, chikni supari, unflavoured supari, flavoured supari, and boiled supari merit classification under chapter 8 of the customs tariff, and more precisely, under the heading 0802, and not under sub-heading 21069030, as contended. Accordingly, it is held that […]

Measuring devices, namely flowmeters merit classification under heading 90.26

September 2, 2021 1233 Views 0 comment Print

In re Endress+Hauser (India) Pvt. Ltd. (CAAR Mumbai) Applicant seek classification of Import of Corolis flowmeter with order code Cubemass C100, C300, C500, Corolis flowmeter with order code Dosimass, Corolis flowmeter with order code Promass A100, A200, A300 and A500, Corolis flowmeter with order code Promass E100, E200,E300 and E500, Corolis flowmeter with order code […]

SEBI amends Investor Grievance Redressal Mechanism

September 2, 2021 1038 Views 0 comment Print

Amendment to SEBI Circular SEBI/HO/DMS/CIR/P/2017/15 dated February 23, 2017 on Amendment pursuant to comprehensive review of Investor Grievance Redressal Mechanism

SEBI notifies Minimum amount AMCs can invest as a percentage of AUM

September 2, 2021 1875 Views 0 comment Print

As per the amended regulations i.e. sub-regulation 16(A) in Regulation 25 of SEBI (Mutual Funds) Regulations,1996 (‘MF Regulations’), asset management companies (‘AMCs’) are required to invest such amount in such scheme(s) of the mutual fund, based on the risk associated with the scheme, as may be specified by the Board from time to time.

CBIC Notifies Rate of Exchange of Foreign Currencies wef 03.09.2021

September 2, 2021 1929 Views 0 comment Print

CBIC notifies Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 3rd September, 2021, vide Notification No. 71/2021 – Customs (N.T.) | Dated: 2nd September, 2021 GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi ***** Notification No. 71/2021 – Customs (N.T.) | Dated: 2nd September, […]

Intermediate Bulk Containers merit classification under heading 86.09

September 2, 2021 498 Views 0 comment Print

In re GDPK Returnable Solutions (CAAR Mumbai) M/s. GDPK Returnable Solutions India Private Limited has filed all application seeking an advance ruling on the classification of intermediate bulk containers or IBCs. The Goodpack group is engaged in the business of leasing out these reusable metal containers to customers/packers, who in turn, use the said IBCs […]

Gold in any form includes gold in any form above 22 carats: DGFT

September 2, 2021 1089 Views 0 comment Print

The expression ―Gold in any form includes gold in any form above 22 carats under Chapter 71 of ITC (HS), 2017, Schedule – I (Import Policy). Such imports can be made only by nominated agencies as notified by RBI (in case of banks) and DGFT (in case of others). MINISTRY OF COMMERCE AND INDUSTRY (Department […]

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