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What's New...
Edible Oils except Mustard Oil Freed from Export
Licensing
· MEP of $900/MT on Consumer Pack Mustard Oil
Kabuli Chana, Bengal Gram and Other Pulses in 0713 20
in Free List after Amending for Code Changes in Customs Notification
AERB Clearance Must for Import of X-Ray Machines, Tubes
and Valves, Radiation Generation and Beam Units
Amendments to CGST Rules, 2017
· Rule 89 – Application for refund of tax, interest,
penalty, fees or any other amount
· Rule 97 - Consumer Welfare Fund
· FORM GSTR-10 – Final Returns
· FORM GST DRC-7 – Summary of the Order
Soda Ash from Russia and Turkey – Anti-dumping Duty
Extended for One Year till 16 April 2019 in Sunset Review
Quarterly Return by Composition Dealers in FORM GSTR-4
Environment Ministry Notifies Plastic Waste Management
(Amendment) Rules
· Automated Central Registration System Prescribed
Six More States to Roll-out Intra-State E-way Bills from
April 20
GST Enforcement Rules Notified
Interception of Conveyances for Inspection in
Movement
Trade Tensions in the
Background of IMF-WB Meet
Xi Emphasizes China Role in
Trade Expansion
Requirement for Obtaining
PAN card u/s 139A of IT Act, 1961 Eased for Corporate Assesses
CBDT Invites Comments on
Draft Notification Proposing Amendment to Rule 44E, Form 34C, 34D And 34DA as
per BEPS Action 5, for Improving Transparency in Tax Rulings
CBDT notifies the Protocol
Amending the Double Taxation Avoidance Convention (DTAC) between India and
Kazakhstan
Arrears of Excise, CENVAT to be Recovered under GST Law
thru Electronic Ledger or Cash
UIN Agencies GST Refund Procedure
Nitrocellulose under DGAD Investigation on Complaint of
Sole Producer Nitrex Chemicals
·
Shadow Prices for Normal Value in Brazil and
Thailand, Constructed Price for Indonesia
Tariff Value of Crude Palm Oil, Palmolein,
Gold and Silver, Brass Scrap, Poppy Seeds Notified
India Emerges at Top in Export Growth in 2017 with 13%,
China Lags ay 7.9%
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Engineering Exports Lead Export Revival with (+)25%
Growth
India Moves Down by One Place in World Service Exports
Strong Trade Growth in 2018 Rests on Policy Choices
Graphite Electrodes from China – DGAD Initiates MTR
Investigation on Complaint of Alloy Steel Producers
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Users say that Dumping has Stopped, Downstream
Industry is Hurt
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$278 to $922 per tonne of
Anti-dumping Duty on Graphic Electrodes Imposed on 13 Feb 2015 on Complaint
of HEG and Graphite India
IEC Status is OK only if ICEGATE at Customs too Accepts it!
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IEC data though transmitted by DGFT to ICEGATE
(Customs) is not accepted by ICEGATE (Customs) due to some transmission
errors
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Facility has been created to check the current
status of IEC application and status of IEC transmission to ICEGATE. The
status query is based on PAN used in IEC
application made to DGFT.
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IEC successfully registered at DGFT and accepted by
ICEGATE - IEC ready for use
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If status at Sl no 4 is not indicated, the applicant
is requested to check the status of IEC at ICEGATE 3 days after the
transmission to ICEGATE at the following link
https://www.icegate.gov.in/EnqMod/ and report the problem to Contact@DGFT, if required.
GST on Supply of Food and Drinks in Educational Institutions -
Clarification
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Only 5% GST on Restaurants in Schools and Colleges
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Direct Supply to Students Exempted
Dry Whey (Mattha) in HS Codes
0404 10 20 and 0404 10 90 Duty Raised to 40%
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Liquid Whey in Tariff Items 040410 10 and 0404 90
Continues at 30%
Anti-dumping Duty Imposed on Fishing Net from China
(US$2.19/kg) and Bangladesh (US$ 2.69/kg)
Kerala Advance Ruling on High Seas Sales and Canteen
Services
West Bengal Advance Ruling Classification of Skin Care
Preparations are Ayurvedic Medicaments
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Classification of SIKA Block Joining Mortar Product
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BIG’s
Easy Reference
Customs Tariff 
2018-19
41st
Budget Edition
Author: Arun Goyal
ISBN: 978-81-86234-60-8
Rs. 1990
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Rupee Falls 10 Paise against Dollar to Rs.
65.90 w.e.f. 6 April 2018
[Customs
Notification No. 31 (Non Tariff) dated 5 April
2018]
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Schedule-I
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SNo.
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Foreign Currency
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Rate of exchange of one unit of foreign currency equivalent to
Indian rupees
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(1)
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(2)
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(3)
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(a)
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(b)
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(For Imported Goods)
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(For Export Goods)
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1.
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Australian Dollar
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51.05
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49.30
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2.
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Bahrain Dinar
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178.30
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166.95
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3.
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Canadian Dollar
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51.90
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50.15
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4.
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Chinese Yuan
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10.50
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10. 15
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5.
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Danish Kroner
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10.95
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10.50
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6.
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EURO
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81.20
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78.50
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7.
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Hong Kong Dollar
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8.40
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8.15
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8.
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Kuwait Dinar
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224.35
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209.70
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9.
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New Zealand Dollar
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48.45
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46.55
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10.
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Norwegian Kroner
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8.45
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8.15
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11.
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Pound Sterling
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93.05
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90.05
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12.
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Qatari Riyal
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18.40
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17.40
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13.
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Saudi Arabian Riyal
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17.95
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16.80
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14.
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Singapore Dollar
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50.40
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48.75
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15.
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South African Rand
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5.65
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5.30
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16.
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Swedish Kroner
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7.90
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7.60
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17.
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Swiss Franc
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68.80
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66.55
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18.
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UAE Dirham
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18.30
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17.15
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19.
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US Dollar
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65.90
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64.20
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Schedule-II
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SNo.
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Foreign Currency
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Rate of exchange of 100 units of foreign currency equivalent to
Indian rupees
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(1)
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(2)
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(3)
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(a)
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(b)
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(For Imported Goods)
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(For Export Goods)
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1.
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Japanese Yen
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61.90
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59.80
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2.
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Kenya Shilling
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64.90
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60.65
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[F.No.468/01/2018-Cus.V]
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