the whole of the duty of customs leviable thereon under the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the said Customs Tariff Act), and
Circular No. 11/2015 – Customs Dated 1st April, 2015 The Ministry has considered the issue of increased interest cost for authorization holders (AH) who come forward to the Regional Authority (RA) of DGFT for regularization of their cases of bona fide default in export obligation (EO) under the Advance Authorization or EPCG Schemes but have to wait for the detailed calculations in this regard before being able to deposit the duty involved.
Public Notice No. 4/2015-2020 Dated the 1 April, 2015 In exercise of the powers conferred under Paragraph 1.03 of the Foreign Trade Policy, 2015-2020, as amended from time to time, the Director General of Foreign Trade hereby inserts Para 2.89 A in Handbook of Procedure, 2015-2020, as under, for laying down the procedure for implementation of the Track and Trace system for export of Pharmaceuticals and drug consignments:
The services and rates of rewards notified against them shall be applicable for services export made between 1-4-2015 to 30-09-2015 only. The list of services/rate is subject to review with effect from 1-10-2015.
PUBLIC NOTICE No. 2/2015-20 DATED: April 1, 2015 Merchandise Exports from India Scheme (MEIS)-Schedule of country groups, ITC (HS) code wise list of products with reward rates under Appendix 3B notified
In exercise of powers conferred under paragraph 1.03 of the Foreign Trade Policy, 2015-2020, the Director General of Foreign Trade hereby notifies the Handbook of Procedures and the Appendices & Aayat Niryat Forms, as contained in Annexure to this public Notice. This shall come into force with effect from 1st April, 2015.
The Government of India have vide their Office Memorandum (OM) No.6/01/2011-NS.II dated March 31, 2015, advised the rate of interest on various small savings schemes for the financial year 2015-16. Accordingly, the rates of interest on PPF 1968, SCSS 2004, Kisan Vikas Patra & Sukanya Samriddhi Account Scheme for the financial year 2015-16, effective from April 01, 2015, on the basis of the interest compounding/payment built-in in the schemes, will be as under:
Notification No. 33/2015 – Income Tax Dated- 1st day of April, 2015 Provided that in a case where an application has been filed on or before the 31st day of March, 2015, Form No. 3CEDA along with proof of payment of additional fee may be filed at any time on or before the 30th day of June, 2015 or the date of entering into the agreement whichever is earlier:
It has come to the notice of the Department of Expenditure, Ministry of Finance that Office Memorandum bearing F. No. 1/2/2015-E.II(B) dated 30th March, 2015 under the signature of Shri A. Bhattacharya, Under Secretary, Department of Expenditure, regarding Payment of Dearness Allowance to Central Government employees – Revised Rates effective from 01.01.2015, it being circulated amongst Government Departments/Offices.
Presently, FPIs can take position – both long (bought) as well as short(sold) – in foreign currency up to USD 10 million or equivalent per exchange . As a measure of further liberalisation, it has now been decided to increase the limit (long as well as short) for FPIs in USD-INR pair upto USD 15 million per exchange
