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Executive Summary of Draft Valuers Bill, 2020

April 16, 2020 10581 Views 4 comments Print

Executive Summary of Draft Valuers Bill, 2020- Report of the Committee of Experts to Examine the Need for an Institutional Framework for Regulation and Development of Valuation Professional- VOLUME I – April, 2020

Import of additional quota of Urad for fiscal year 2019-20

April 16, 2020 435 Views 0 comment Print

Inter – Ministerial Committee to review the prices of Agricultural commodities to extend the deadline for import of additional 2.5 Lakh MT of Urad to 15th May, 2020 i..e imports should arrive at Indian Ports before 15th May, 2020.

DGFT notifies Import quantity of peas for fiscal year 2020-21

April 16, 2020 1776 Views 0 comment Print

DGFT  notifies the quantity of each category of peas, for fiscal year 2020-2021 vide notification no. S.O. 1260(E) dated 16th April, 2020. MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) NOTIFICATION New Delhi, the 16th April, 2020 S.O. 1260(E).—In  exercise  of  powers  conferred  by  section  3  of  the  Foreign  Trade (Development and Regulation) Act, 1992 […]

Statewise Income Tax collection Target for FY 2020-21 allocated by CBDT

April 16, 2020 5598 Views 0 comment Print

The Budget target for each cadre-controlling Pr. CCIT has been fixed keeping in view the revenue potential of the Region, which is based on the weighted average growth rate of net collections of last three years, giving highest weight to the immediately preceding year

Anti-dumping duty on import of Acetone

April 15, 2020 1503 Views 0 comment Print

Notification No. 07/2020-Customs (ADD) dated 15th April 2020- Seeks to extend anti-dumping duty on import of Acetone originating in or exported from Korea RP, Saudi Arabia and Chinese Taipei till 14th October, 2020.

Tariff Notification No. 38/2020-Customs (N.T.), Dated: 15.04.2020

April 15, 2020 3399 Views 0 comment Print

Notification No. 38/2020-Customs (N.T.), Dated: 15.04.2020 in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION NO. 38/2020-CUSTOMS (N.T.) New Delhi, the 15th April, 2020 S.O. 1257 (E).—In exercise of the powers […]

Manner of Continuation of MEIS for shipments on or after 01.04.2020

April 15, 2020 2751 Views 0 comment Print

a) Benefits under MEIS for any item/tariff line /HS Code currently listed in Appendix 3B, Table 2 (MEIS Schedule) will be available only up to 31.12.2020; b) Prior to 31.12.2020, as and when an item/tariff line/HS code is notified to be covered under RoDTEP Scheme, it would at the same time be removed from coverage under MEIS;

DGFT relaxes Provision for submission of physical copy of application for TMA

April 13, 2020 1344 Views 0 comment Print

However, for the applications filed electronically on or after 01.2.2020 upto 30.09.2020, physical pdf copy of the print out of ANF-7(A)A along with prescribed documents can be filed manually with RA concerned upto 30.10.2020

Conditions on Import of Refined Palm Oil

April 13, 2020 1737 Views 1 comment Print

Central Government vide Notification No. 39/2015-2020 dated 8th January, 2020 amended the Import Policy of refined palm oil under Exim code 151190 from ‘Free’ to ‘Restricted’.Import of refined palm oil under the above mentioned Exim code will be permitted subject to the following conditions:

e-Communication of Gatepass & OoC Copy of BoE to Custom Brokers/Importers

April 13, 2020 13905 Views 0 comment Print

The Final eOoC copy of BoE and eGatepass copy will be emailed to the concerned Customs Broker and/or importer, if registered, once the Out of Charge is granted. The eGatepass copy will be used by the Gate Officer or the Custodian to allow physical exit of the imported goods from the Customs area.

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