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News –19 March 2019

 

 

 

What's New...

 

New GST Rates on Real Estate at 1% or 5% with ITC

·       80% of Inputs must Pay GST

·       Old Rate of 12% to be Availed before 31.03.2019

FIEO Complains to Rupee Appreciation, Asks for Forex Management to keep Rate at Rs. 70 to the Dollar

 

18.03.2019

JNCH Issues Trade Notice on Deferred Payment of Duty for Approved AEO

JNCH Introduces Online Facility for Container Scanning Selection Status

PT. Energi Sejahtera Mas Indonesia under Provision Assessment Review in Saturated Fatty Alcohols Case

Tariff Value of Palm Oil, Palmolein, Gold and Silver, Brass Scrap, Areca Nuts and Poppy Seeds Notified

PCN Codes Listed for Steel Pipes from China Anti-subsidy Case

Exports Grow up by 2.44 percent to US$26.67bn in Feb 2019, Imports Fall

 

16.03.2019

On-line Applications Compulsory for Restricted Items Import from 18 March 2019

·          Only One Port of Registration for Licence Allowed for Import of Restricted Items

·          Revised Application Format ANF-2M Notified

·         Mandatory Requirements Listed

Revised Application Format ANF-2M Notified

Zero Duty Concession Extended for Items under Tariff Line 4809 90 under Indo-Korea CEPA

Dera Baba Nanak Notified for Baggage Clearance in Kartarpur Corridor for Gurudwara Visitors

 

14.03.2019

Gold Dore Import upto One tonne Allowed to Obtain BIS Licence

Trade Credit under Auto Route Allowed, RBI Amends Policy

Europe India Business Leaders to Meet in Brussels on 10 Apr for Post Brexit Collaborations

 

13.03.2019

New RoSL (RoSCTL) Operational from 7 March 2019

·     Rebate Rates for State Levies and Central Levies Notified in Separate Schedule

·     Shipping Bills must Mention Scheme Codes (Currently same as that under the Old RoSL)

·     Old RoSL with LEO upto 6 March 2019 Only

·     DGFT to Work Out MEIS Type Duty Scrips for New RoSL

Appointment of Common Authority for the purpose of Exercise of Powers under Sections 73,74, 75 and 76 of the CGST Act, 2017

WTO Members Consider New Draft Texts in Second Cluster of Fisheries Subsidies Meetings

 

12.03.2019

Physical Mode Returns to SEZ for “Certificate of Supplies”

·     RA to Issue Documents in Parallel Mode to EDI

·    Compulsory EDI Requirement Relaxed since All SEZs are not in EDI

One Time Relaxation for Delays in Submission of Installation Certificate for EPCG Authorisation Extended till 30 Sept 2019

India Eases Plastic Scrap Import Ban

Brazil, Australia Initiate WTO Dispute Complaints against Indian Sugar Subsidies

U.S. Presses India to Stop Buying Oil from Venezuela's Maduro: Envoy

South Africa Launches Safeguard investigation on Threaded Fasteners of Iron or Steel

Perspectives and Priorities of LDCs must be Heard in Debate on WTO Future, DG Azevêdo

 

 

 

BIG’s Easy Reference
Customs Tariff 2018-19 Vol. I

IMPORTS with IGST

With Free

Supplement

(Covering Four Month Period Oct 2018 to Jan 2019)

42st Budget Edition

October 2018

Author: Arun Goyal

ISBN: 978-81-86234-64-8

Rs. 1990

 

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Released on 9 February 2019

SUPPLEMENT

(Covering the Four Month Period Oct 2018 to Jan 2019, including Interim Budget 2019)

Big’s Easy Reference Customs Tariff Vol. I

IMPORTS with IGST

42nd Edition

October 2018

Author: Arun Goyal

ISBN: 978-81-86234-64-8

Rs. 150

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BIG’s Easy Reference Customs Tariff Val. II

EXPORT of Goods and Services

2nd Edition

Author: Arun Goyal

ISBN: 978-81-86234-66-2

Rs. 1250

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Last Updated on 19-03-2019