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News – 13 July 2019

 

 

 

What's New...

 

DGFT Tightens Procedure for Recovery of Penalty on FTDR Violation Cases

Partial Crediting of RE Bond in ICES

 

10.06.2019

Toor Import Quota Applications Invited, Last Date 15 July

Additional Quota of 2 lakh Tonnes for Toor Import Released

No Advance Authorisation Allowed for Import of Pulses or Peas under Restricted List Allowed

Maize Import Quota for 4 lakh MT Released

SION for Walnut Kernel Released with 50 percent Wastage Allowance

Last Date for Intimation of Switchover to Alternate Composition Scheme Extended to 31 July 2019

Export Duty Cut to 40% from 60% on Hides, Skins and Leathers – East India Tanned Leather Cut to Nil from 15%

Track and Trace for Pharma Exports further Extended upto 1 April 2020 from 1 July 2019

Gold Import Tariff Value Released in New Format, Gold Tariff Value Shoots up to $451 per 10 gms

·    Rumours of Changeover to Transaction Value Prove False

 

29.06.2019

DGFT Invites Suggestions on Foreign Trade Policy Review

Metal Scrap PSIA Validity Extended by Three Months to 30 Sept. 2019

·    Radiation Scanning at Landing Ports Posited at Alternatives to Checking at Load Ports

Foreign Liabilities and Assets Reporting Annual Return Revised

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

Clear Float Glass Sunset Review of Anti-dumping Investigation – Questionnaire Response Time Extended to 9 July 2019

Joint Statement on BRICS Leaders’ Informal Meeting on the margins of G20 Summit

Sharad Kumar Saraf Elected as New FIEO President

WTO Azevędo Joins Prime Minister Abe and other Leaders to Launch “Osaka Track” on the Digital Economy

WTO to Launch World Cotton Day on 7 Oct for the Cotton-4 of West Africa (Benin, Burkina Faso, Chad and Mali)

WTO Debates TBT

 

26.06.2019

New Minister Removes Restriction on Seeds of Peas, Only Plant Quarantine Order to be Followed

Transport and Marketing Assistance (TMA) Agro Products – Exports from or of SEZ/EOU/FTWZ made Eligible for TMA

·    Transport and Marketing Assistance for Agri Product for East Africa Allowed at Rs. 21000 per Reefer

Radiation Monitors Installation for Un-shredded Scrap at Designated Ports Extended by Three More Months to 30 September 2019

·    Inspection of each and every container at Entry Port through X-ray Scanner Impossible, Load Port Inspection more Efficient and less Costing

No More Multiple Deficiency Letters, Orders DGFT, All Deficiencies should be Pointed Out in One Go

Tariff Value of Gold Raised by $22 per 10 gram

Pay Service Tax and Excise Arrears through ICEGATE E-Payment Window from 1 July 2019

 

25.06.2019

Anti-Subsidy Duty of 9.12% to 17.57% on Truck and Bus Tyres from China Notified

·    China Tyres already on Anti-dumping Duty of 55%, both Duties to Operate at Same Time

·   China already Shifted Tyre Factories to Thailand!

Ductile Iron Pipes (DI Pipes) from China Anti-dumping Duty Extended to 9 Oct 2019 Pending Review

Paracetamol of Chinese Origin Anti-dumping Duty Extended to 9 July 2019 from 24 June 2019 Pending Court Orders

Digital Offset Printing Plates Anti-dumping Investigation – Questionnaire Response Time Extended to 10 July 2019

WTO Report Shows Trade Restrictions among G20 Continuing at Historic High Levels

 

 

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

 

Order Now

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 13-07-2019