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DGFT amends import policy of Iron & Steel

September 5, 2019 14241 Views 1 comment Print

Amendment in import policy of Iron & Steel and incorporation of policy condition in Chapter 72, 73 and 86of ITC (HS), 2017, Schedule — I (Import Policy). Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Notification No. 17/2015-2020-DGFT New Delhi, Dated: 5 September, 2019 Subject: Amendment in […]

CBIC notifies Rate of Exchange of Foreign Currencies wef 06.09.2019

September 5, 2019 1473 Views 0 comment Print

Customs Rate of Exchange of Foreign Currency Conversion w.e.f. 6th September, 2019 notified vide Notification No. 63/2019–Customs (N.T.) dated 5th September, 2019. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No.63/2019 – Customs (N.T.) New Delhi, dated the 5th September, 2019 14 Bhadrapada, 1941 (SAKA) […]

Eligibility Criteria for availing of DPD Scheme by Importers -reg

September 5, 2019 6924 Views 0 comment Print

CBIC has felt the need for providing general guidelines / eligibility criteria so that reach of DPD could be made maximized. Importers who have so far not availed the benefit of DPD for reasons including lack of awareness, may now join this program with certainty.

External Benchmark Based Lending

September 4, 2019 1227 Views 0 comment Print

It has now been decided to link all new floating rate personal or retail loans (housing, auto, etc.) and floating rate loans to Micro and Small Enterprises extended by banks with effect from October 01, 2019 to external benchmarks.

DGFT notifies SION for “Cocoa Butter” in Food Product Group

September 4, 2019 840 Views 0 comment Print

DGFT hereby notifies a new SION with Serial Number E-135 in Food Product Group for export product Cocoa Butter vide Public Notice No. 30/2015-2020 dated 4th September, 2019.

Duty on RBD Palmolein/Palm Oil import from Malaysia increased by 5%

September 4, 2019 2085 Views 0 comment Print

Seeks to further amend notification no. 53/2011 dated 01.07.2011, to increase the rate of duty of customs by 5 percent, for a period of 180 days, on imports of RBD Palmolein/Palm Oil originating in Malaysia and imported under India-Malaysia Comprehensive Economic Cooperation Agreement, on recommendation of preliminary findings of Directorate General of Trade Remedies under […]

DGFT invites Applications invited for recognition as PSIA

September 4, 2019 915 Views 0 comment Print

DGFT invites Applications for recognition as Pre-shipment Inspection Agencies (PSIA) vide Trade Notice No.20/2019-2020 dated 4th September, 2019. Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhavan, New Delhi 4th September, 2019 Trade Notice No. 30/2019-2020 To, 1. RAs of DM 2. Members of Trade Reference […]

Govt notifies four individuals as terrorists under Unlawful Activities (Prevention) Act, 1967

September 4, 2019 1149 Views 0 comment Print

Declaration of certain individuals as terrorists under the Unlawful Activities (Prevention) Act, 1967 Invoking the recent amendments in the Unlawful Activities (Prevention) Act, 1967, the Central Government has decided to declare the following individuals as terrorists and add their names to Schedule 4 of the Act: 1. Maulana Masood Azhar : chief, founder and key […]

CBDT enters into 26APAs during current Financial Year

September 4, 2019 1293 Views 0 comment Print

CBDT has entered into 26 APAs in the first 5 months of the current financial year (April to August, 2019). With the signing of these APAs, the total number of APAs entered into by the CBDT as of now stand at 297, which includes 32 BAPAs.

Adjudication of SCNs issued by DRI, DGCEI, SIIB, Preventive etc in light of judgement in case of M/s Mangali Impex -reg.

September 3, 2019 4335 Views 0 comment Print

References have been received in the Board regarding the adjudication of cases wherein the Show Cause notices issued by DRI, DGCEI, SIIB, Preventive etc. pertaining to the duty demand prior to 08.04.2011 were kept in Call book, in light of the order dated 03.05.2016 of the Hon’ble Delhi High Court in the case of M/s Mangali Impex.

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