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What's New...
MoEF Releases Draft Rules for EPR (Extended Producers
Liability) for Battery Scrap over and above the Hazardous Waste Rules, 2008
· Battery Waste Management Rules, 2020
· Application
· Definitions
· Prohibitions and Labelling Requirement
· Responsibilities
· Computerization of Records and Returns
· Procedure for seeking authorization and registration
for handling battery wastes
· Sch. I – Classification of Batteries
· Table 2 – Classification of Batteries in-purview of
regulations and mandates
· Sch. III – Targets for extended producer responsibility
– Authorisation
IGST on Lottery Run by State Govt
Raised to 28% from 12% w.e.f. 1 Mar 2020
Shooters can now keep 12 Additional Weapons as again 7
earlier
· Amendments in Arms Act, 1959 and Arms Rules, 2016 Notified
BIS Standards for 26 New Items Released with effect
from 30 Jan 2020
Customs Releases New Regulations for Movement of Transit
Goods from India through Bangladesh; Old 1965 Regulations Superseded
·
CTD (Customs Transit Declaration) with Bond required (No Electronic
Declaration as of Now)
·
LCS in India and Bangladesh along with Chattogram or Mongla Ports in
Bangladesh Named as Transit Station
Transportation of Goods (Through Foreign Territory),
Regulations, 2020
· Application
· Documentation
·
Approval of Customs Transit Declaration
·
Permission to load goods
· Permission for transshipment
· Arrival at the customs station of re-entry
· Annexure A: Customs Transit Declaration (CTD)
·
Annexure C: Bond
Physical Copies of TMA Application may be Submitted to Overcome
Software Response Error; One Time Relaxation Allowed
Coronavirus
Alarm Bells Ring in North Block - 24x7 Customs Clearance in All Sea Ports, Airports
and ICDs to Clear Cargo
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No Instructions on Creating 24x7 Availability of
Trained Staff or Infrastructure of Logistics and Banks, there is already a
shortage of Trained Staff
· Cargo Volumes from China has fallen Steeply, Idling
Staff Costs will be Up
Delayed Receipt of Documents from China Leads to Delays
in Customs Clearance and Congestion in Ports, Customs Waiving Late Fee for
Late Filing of Documents
AEPC says PTA Anti-dumping Duty Hurting Exports of
Synthetic Fibre Apparel
India Issues Import Licences
for 1.1mn tonnes of RBD from Indonesia, Malaysia
Still on Hit List
Export Credit of USD11.13 mn
to Suriname for Rehabilitation and Upgradation of De Melkcentrale
N.V. Milk Processing Plant
Chlorinated Polyvinyl Chloride (CPVC) Resin from China
and Korea on DCW and Chemplast Complaint – DGTR
Recommends Final Anti-dumping Duty
Board Clarification on RoSCTL
Scrips under Para 4.01(c) of FTP and Additional Ad Hoc Scrips under Para 4.95
and Para 4.96 of HBP Eligible for Set Off of Customs Duty
Rupee Falls by 50 paise
against Dollar, Pegged at Rs. 72.65 w.e.f. 21 February 2020
CGST Wing Detects Input Tax Credit Fraud of more than Rs 214 crores in Delhi, 1 Held
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Released
on 5 Feb 2020
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BIG’s Easy Reference Vol. I
Customs Tariff
With IGST, Import Policy, FTAs
44rd
Budget Edition
February 2020
Author: Arun Goyal
ISBN: 978-81-86234-71-6
Rs. 2390
$280
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BIG’s
Easy Reference Vol. II
Foreign Trade
Policy
4th
Edition April 2020
Author: Arun Goyal
ISBN: 978-81-86234-73-0
Rs. 1490 $200
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BIG’s
Easy Reference Val. III
Customs Manual
February 2020
Author: Arun Goyal
ISBN: 978-81-86234-72-3
Rs. 990 $150
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