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News – 14 September 2019

 

 

 

What's New...

 

RoDT on EP to Replace MEIS on 1 Jan 2020

·    New Scheme to have Cap of 2% for WTO Compatibility Announced

·    DGFT Alok Chaturvedi says no loss to Exporters at Rs. 50k crs Budget to be Set Aside on Lines of MEIS under New Scheme

Exporters with One crore Turnover or One crore GST Payment Exempted from Bank Guarantee for EPCG and AA Licences

MEP on Onions Back to $850 per MT as Domestic Prices Rise, LC is must now

Crude Soya from Paraguay under TRQ for Imports

Expo Overseas Entrepreneurs Association (EOEA), Indore Authorised to Issue Certificate of Origin (Non-Preferential)

Tariff Value of Crude and RBD Palm Oil, Palmolein, Crude Soyabean Oil; Brass Scrap, Gold and Silver, Poppy Seeds and Areca Nuts Issued

Barhi in Sonepat Land Customs Station Notified for Loading and Unloading for Goods

Exports down 6% in August as most major sectors falter

·    Sharper fall in imports narrows trade deficit to $13.45 billion

Negative growth in exports show worsening global economic conditions and pointing to further downward revision of global trade growth: Sharad Kumar Saraf, President, FIEO

Exports Crash by USD 1.5bn in Aug, Electronics and Iron Ore only Silver Lining

·    Imports of Cotton and Steel Shoot up as Gold Falls

Goa GST Meet: ‘Rate Rationalisation’ to be Core of Discussion on Rate-Cut Proposals

As States Push for GST Compensation for 3 more years, No End to Cess Pain

Delhi Declaration, an Ambitious Statement of Global Action by each Country on how to Achieve Land Degradation Neutrality: Union Environment Minister

·    Calls for Synergy between All Three Rio Conventions

Ravi Shankar Prasad to hold Round Table Discussions with Prominent CEOs of the Electronics Industry

 

13.08.2019

Textured Tempered Glass whether Coated or Uncoated from Malaysia – Anti-subsidy Investigation Initiated on Complaint of Gujarat Borosil

·     Anti-dumping Duty of US$ 114.58 per MT on Textured Tempered Glass Coated and Uncoated from Malaysia imposed by Notification No. 12/2019-Customs (ADD) dated 26 February 2019

·     China too in the Anti-dumping Net

·    LED TV manufacturing will be affected Smuggling of Tempered Glass will go up

No Industrial Licence/Arms Licence Required for the Manufacture of any Parts or Accessories in Defence Sector

Compulsory Licensing of Cigars and Tobacco, Defence Equipments, Industrial Explosives and Hazardous Chemical - Withdrawal of Press Note No. 17 (1984 Series) Withdrawn

Scheme for Export Credit to be Announced Soon, says Piyush Goyal

·     ECGC procedures being made Exporter Friendly

·    Day-long board of trade meeting concludes

Goyal Addresses Board of Trade Meeting

·     Right Time Now to Expand India’s Export Footprint Globally: Piyush Goyal

·     Every District to Transform Into an Export Hub: Commerce Minister

·    Leads Index 2019 Released: Gujarat Tops Logistics Index

DGGI and DRI Raid at 336 Different Locations Across the Country on 11 Sept

·     Biggest ever pan-India joint operation by Directorate General of GST Intelligence and Directorate General of Revenue Intelligence against fraudulently claiming refund of IGST by exporters

·    DGGI & DRI crackdown involves about 1200 officers

 

 

Released on 9 July 2019

BIG’s Easy Reference Vol. I
Customs Tariff

With IGST, Import Policy, FTAs

43rd Budget Edition

July 2019

Author: Arun Goyal

ISBN: 978-81-86234-67-9

Rs. 2190

 

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BIG’s Easy Reference Vol. II

Foreign Trade Policy

3rd Budget Edition July 2019

Author: Arun Goyal

ISBN: 978-81-86234-68-6

Rs. 1250

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BIG’s Easy Reference Val. III

Customs Manual

July 2019

Author: Arun Goyal

ISBN: 978-81-86234-65-5

Rs. 850

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Last Updated on 14-09-2019