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News –05 August 2020

 

 

What's New...

 

Export Ban Lifted on All Ventilators as Supply Far Exceeds Demand

India Bans more Chinese apps, including some from Xiaomi, Baidu

·   The bans are part of India's moves to counter China's dominant presence in the country's internet services market

·   The Govt in June banned 59 Chinese apps for threatening the country's 'sovereignty and integrity', including TikTok, UC Browser and Mi Community app

Trump on Track to Stop TikTok as Microsoft on Takeover Path

India Woos Maldives to Check China Neighbourhood

ASEAN-India FTA Review can Double Trade between the Two, says Puri

·   Cambodia, Philippines Seek Bilateral FTAs with India

CBIC Revamp Slow, Thousands of IRS Posts Vacant

Faceless Assessment: I-T Dept Hopes to Dispose of over 49,000 Remaining cases by Mid-Sept

WTO Members Adopt Report on Food Safety, Animal and Plant Health, Paving Way for New Work

 

04.08.2020

Vivek Johri Joins Board, Appointment Cleared by the Cabinet Committee

Delhi International Airport Challenges 'Blocked ITC' Provision

·      Demand Credit or Refund, Delhi HC Double Bench Issues Notice

India to Impose Import Restrictions to Counter Circumvention of China Origin Goods through FTA

Draft Defence Production and Export Promotion Policy 2020 Released, Aims to Hit 1.75 lakh crs of Export

Defence Equipment Manufacturing Industry ‘Preparing a Negative List for Imports’

·      DAP 2020 provides Effective Framework to Encourage Industries take up Local Manufacturing

Govt Issues Guidelines for Reopening Gyms, Yoga Institutes

Customs Officials, Agent Booked by CBI for “Cheating” Chennai Port Trust on Refund of wharfage Charges

Foreign Direct Investment in Commercial Coal Mining in India

WTO Members Reviews ASEAN FTA

WTO Members Stress Role of IP System in Fighting COVID-19

 

03.08.2020

PLI Scheme for 4% to 6% Incentive Concludes, 22 Majors File Applications

·    Big Boys Apple and Samsung Dominate

·    Average Annual Rs. 2.3 lakh crs Incremental Production Expected in Rs. 41,000 crs Budget

·    Rs. 5.7 crs Extra Production for 5 years for every 1 crs Investment

·   Exports Linked Production and WTO Compatibility Main Feature

Public Suggestions on Enforcing BIS Certification for Two-wheeler Helmets Invited

Automatic Agarbatti Making and Powder Mixing Machines for “Hand Made” Khadi Industry under PPP Mode

·   Agarbatti Industry Reduced to Job Worker Status with Rs. 500 per day for workers and Rs. 300 for Mixers

Exports of Ventilators Allowed, Falling Case Fatality Rate Provides Opportunity

 

 

 

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February 2020

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BIG’s Easy Reference Val. III

Customs Manual

February 2020

Author: Arun Goyal

ISBN: 978-81-86234-72-3

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Last Updated on 05-08-2020