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What's New...
Anti-dumping Investigation Terminated on Epoxy Resins
from China, EU, Korea, Taiwan and Thailand
New Shipper Review Initiated on Saturated Fatty
Alcohols from Indonesia, Malaysia,
Thailand and Saudi Arabia on Complaint of PT. Energi Sejahtera Mas, Indonesia
and Sinarmas Cepsa, Singapore
Rupee Falls by 85 paise against Dollar to Rs. 72.10
w.e.f. 18 Jan 2019
India among World’s Leading Exporters of Creative Goods
Vegetable oil imports up 11% in December
Seven Member Group of Ministers (GoM) Constituted for Boosting
the Real Estate Sector under the GST Regime by Providing a Composition Scheme
for Residential Construction Units among others
New ECB Norms Lift Sector-wise Limits
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$750mn per year under Auto Route
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New Window for Oil Companies of $10bn under Auto Route
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Micro Finance, Ports, SIDBI/Exim Bank Allow ECB
Courier Imports under Attack from Swadeshi Jagran Manch
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Delhi Customs Standing Order for Mis-declaration and
Smuggling of Goods Imported through Courier
IGST and Compensation Cess
Exemption Allowed in DFIA Cases under AA – Central Tax Notification
· AAL and Deemed Exports Covered
· Alternatively Utilization in Factory with CA
Certificate Must
· IGST and CC to be Paid if Goods Sold in Market
·
Facility Expires on 31 March 2019
Tariff Value of Palm Oil,
Palmolein, Gold and Silver, Brass Scrap, Areca Nuts and Poppy Seeds Notified
Cabinet Approves
Recapitalisation of Export-Import Bank of India
Relief for Start-Ups; New
Procedure Put in Place for ‘Angel Tax’ Exemption
Cashew
Industry Gets Six Months Additional Extension in EO for Advance Authorisation
Issued upto 30 June 2016
NoC
from Narcotics Commissioner not Required before Import of Nicotinic Acid &
Nocitinamide
207 Technical Textiles Items
Notified
$125.21/MT of Anti-dumping
Duty Imposed on Sacking Bags from Janta Jute Mills, Bangladesh
Export Growth Slows to 0.34%
in Dec 2018
Transfer of MEIS Allowed only through DGFT Computer,
Manual Transfer not Allowed
· Scrips issued from 14 Jan 2019 Covered
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Physical Issue of Scrips too will Go in Future
IGST and Compensation Cess Exemption Allowed in DFIA
Cases under AA – DGFT Notification
· AAL and Deemed Exports Covered
· Alternatively Utilization in Factory with CA
Certificate Must
· IGST and CC to be Paid if Goods Sold in Market
·
Facility Expires on 31 March 2019
IGST and Compensation Cess Exemption Allowed in DFIA
Cases under AA – Customs Notification
· AAL and Deemed Exports Covered
· Alternatively Utilization in Factory with CA
Certificate Must
· IGST and CC to be Paid if Goods Sold in Market
·
Facility Expires on 31 March 2019
GST Act 2018 Amendments to be Notified w.e.f. 1
February 2019
· Last date for passing the examination for GST
Practitioners to be extended till 31.12.2019
Electrical Insulators from China Sunset Review
Initiated on Complaint of Aditya Birla Insulators, Insulators and Electricals
and Modern Insulators
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Ntfn 11/2015 Expire on 15 Sept 2019
South African Rand Exchange Rate Revised
Import Quantity in SION Rationalised for Builder Bag
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Released on 15 Oct 2018
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BIG’s
Easy Reference
Customs Tariff
2018-19
42st
Budget Edition
October 2018
Author: Arun Goyal
ISBN: 978-81-86234-64-8
Rs. 1990
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Rupee Falls by 85 paise against Dollar to Rs. 72.10 w.e.f. 18
Jan 2019
[Customs Notification No. 05 (Non
Tariff) dated 17 January 2019]
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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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52.25
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50.00
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2.
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Bahrain Dinar
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195.10
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183.05
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3.
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Canadian Dollar
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54.60
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52.75
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4.
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Chinese Yuan
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10.70
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10.35
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5.
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Danish Kroner
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11.05
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10.65
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6.
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EURO
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82.70
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79.70
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7.
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Hong Kong Dollar
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9.25
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8.90
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8.
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Kuwait Dinar
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243.00
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227.60
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9.
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New Zealand Dollar
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49.40
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47.15
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10.
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Norwegian Kroner
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8.50
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8.20
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11.
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Pound Sterling
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93.35
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90.10
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12.
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Qatari Riyal
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20.20
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18.95
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13.
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Saudi Arabian Riyal
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19.60
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18.40
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14.
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Singapore Dollar
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53.50
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51.65
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15.
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South African Rand
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5.
35
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5.05
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16.
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Swedish Kroner
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8.05
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7.75
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17.
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Swiss Franc
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73.35
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70.40
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18
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Turkish Lira
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13.75
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12.90
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19.
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UAE Dirham
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20.05
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18.80
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20.
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US Dollar
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72.10
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70.40
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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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66.60
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64.15
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2.
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Korean Won
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6.55
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6.15
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[F.No.468/01/2019-Cus.V]
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