Daily Index of Changes

Year 2012

DINDEX Code

Topics

Notification No./Date/Source

783

Zero Excise Duty on Khandasari Sugar and Furniture and Covers for Sewing Machines

01-CE/03.01.2012

790

8,300 MTs Sugar Export Quota to USA through ISGEC Ltd. Released

90-PN(RE)/06.01.2012

791

10,000 MTs Sugar Export to EU under CXL Quota

89-PN(RE)/06.01.2012

792

Export Permission not Required for Supply of SCOMET Items from DTA to SEZ

93-Ntfn(RE)/06.01.2012

793

Slow Down Signal Recession, 31 Out of 43 Commodities on the Decline – Urea Crashes 24%, World Bank Pink Sheet – January 2012

World Bank

794

Rice Exports to Triple this Year

ABS News Service

797

Shrinking Surplus May Help China in Undervaluing Yuan

ABS News Service

798

Markel, Sarkozy Meet on Euro Rescue Plan

ABS News Service

799

Caustic Soda Anti-dumping Duty Extended upto 1 September 2012 during Review for Continuation

Ntfn 01/06.01.2012

800

MEP of Onions Cut by $100/MT

90-Ntfn(RE)/11.01.2012

801

Last Date for Half Yearly Return of Service Tax Period Apr-Sept 2011 Extended to 20 Jun 2012

01-ST Order/09.01.2012

802

Maturity Period Revised on ECB Limit under Automatic Route

64-RBI/05.01.2012

803

100 Per Cent FDI in Single Brand Retail Notified

Ministry of Commerce & Industry, PIB Press Release dated 10th January 2012

804

India Tries to Pay Iran in Rupees in Barter Deal for Oil as US Law Threatens Sanctions against India

ABS News Service

805

Iran-Korea, Japan and China Fall in Line

ABS News Service

806

Rupee Expected to Rise 48-50 Range against Dollar by 2013

ABS News Service

807

FDA Halts Orange Juice Imports for Test

ABS News Service

808

China Trade Slumps in December

ABS News Service

809

China Snubs Geithner on Iran Oil, Japan Plans Cut

ABS News Service

810

China Spurs $115 Billion Australia Port, Rail Boom: Freight

ABS News Service

811

Vietnam Signals Cuts in Interest Rates as Asia’s Fastest Inflation Eases

ABS News Service

812

Anti-dumping Duty Imposed on Non Fertiliser Grade Phosphoric Acid from Israel and Taiwan

Ntfn 04-ADD/13.01.2012

813

Cotton Yarn Incentives during Free Shipping Bill period April-July 2011

52-Pol.Cir/12.01.2012

814

Raw Sugar Export Quota to USA through ISGEC

91-PN(RE)/12.01.2012

815

Another Five Years of Anti-Dumping Duty on Silk Fabrics from China – Duty Raised in Review

Ntfn 02-ADD/13.01.2012

816

Anti-dumping Duty on Nylon Filament Yarn from China, Taiwan and Others to Continue for Another Five Years

Ntfn 03-ADD/13.01.2012

817

Another Five Years of Anti-dumping Duty on Cellophane Transparent Film from China

Ntfn 05-ADD/13.01.2012

818

Anti-dumping Duty on Saccharin Notification 136/2009 Rescinded – New Notification 07/2012 Issued

Ntfn 06-ADD/13.01.2012

819

Saccharin from China – Dumping Duty Slashed After Review

Ntfn 07-ADD/13.01.2012

820

Exports to Nepal on Par with Export to other Countries

958-CBEC/13.01.2012

821

ADs must Accept Forwarder’s Cargo Receipts Issued by IATA Agents for Goods and Services Exports

65-RBI/12.01.2012

822

Authorised Banks for e-Payment through ICEGATE for All Customs Locations w.e.f. 16.01.2012

CBEC Website

823

Seizure of 9th to 12th Century Antiques on Nepal Route by Siliguri Customs

C. No. VIII (10)29/CUS/P&I-SLG/11-12 dated 13th January 2012

824

Tariff Value on Brass Scrap Up by US$14/MT

02-Cus(NT)/13.01.2012

825

Excise Commissioner Held in Bribery Case

Hindustan Times

826

Government Raises Duty on Gold to 2% of Value, Silver to 6%

Ntfn 01/16.01.2012, Ntfn 02/16.01.2012, Ntfn 03/16.01.2012, 03-Cus(NT)/16.01.2012, 02-CE/16.01.2012, 03-CE/16.01.2012

827

Anti-dumping Duty on Emulsion PVC Resin – HS2012 Changes in Notification

Ntfn 08-ADD/16.01.2012

828

Re-credited DEPB can be Used Till 30 March 2012

02-CBEC/16.01.2012

829

Safeguard Duty of 10% Imposed on Phthalic Anhydride for 180 Days under Provisional Findings

Ntfn 01-SG/17.01.2012

830

Govt. Fixes Tariff Value for Gold at $526 per 10 gms and Silver at $953 per kg

04-Cus(NT)/17.01.2012

831

Corrigendum dated 17th January 2012

Corrigendum/17.01.2012

832

JNCH Organises Trade Facilitation Fortnight to Improve Service Standards – Promises Liquidation of All Old SAD Refund Cases

01-FN/11.01.2012

833

Guidelines for undertaking Commodity Hedging Transactions in International Commodity Exchange

68-RBI/17.01.2012

834

RBI Notifies 100 percent FDI in Single Brand Retail

67-RBI/13.01.2012

835

RBI Issues Directions for QFI Investments in Indian Companies and Single-Brand Retail Trading

66-RBI/13.01.2012

836

Finance Minister holds Pre Budget Consultations with Trade Union Groups; Necessary Measures Sought to Safeguard Interest of Workers

Ministry of Finance, PIB Press Release dated 16th January 2012

837

World Bank Cuts Outlook as Euro Region Contracts

ABS News Service

838

Euro Advances as IMF Said to Seek $1 Trillion

ABS News Service

839

South Africa Exporting Corn Risks Depleting Domestic Supplies

ABS News Service

840

Dept. of Revenue Notifies Refund of Anti-dumping Duty (Paid in Excess of Actual Margin of Dumping) Rules, 2012

   Refund within 90 Days of Application, Undue Enrichment Clause Applicable

   Covers Cases of New Shipper Reviews where DA Determines Import was at less than Dumping Margin

   Application to be Filed within Three Months after Refundability Event

   Deficiencies to be Pointed out within a Month from Application Date

05-Cus(NT)/19.01.2012

841

Rules for Review of Cases of Refund of Anti-dumping duty for Imports at less than Dumping Margin Released

Anti Circumvention Rules Notified, DA to take Action based on Information from any Source

06-Cus(NT)/19.01.2012

842

World Commercial Services Trade Rises 12% in Q2, Brazil, Russia, Switzerland and India Lead

ABS News Service

843

10 LDCs on Fast Track to Join WTO

ABS News Service

844

Argentina Starts Compulsory Licensing, Import Balancing for All Imports from 1 February

ABS News Service

845

Obama Blocks Proposed Canada – Texas Oil Sands Pipeline

ABS News Service

846

Brazil Advances $2.2bn for Ethanol Production

ABS News Service

847

SOPA and PIPA in Congress to Curb Internet Freedom and Wikipedia

ABS News Service

848

Vodafone International Holdings B.V. vs. UOI (Supreme Court)

ABS News Service

849

Anti-dumping Duty Imposed on Building Material Textile (Geogrid) from China for Five Years

Ntfn 11(ADD)/24.01.2012

850

Anti-dumping Duty on Morpholine from China, EU and USA – Final Findings

Ntfn 10(ADD)/24.01.2012

851

Provisional Anti-dumping Duty Notification on Morpholine Rescinded

Ntfn 09(ADD)/24.01.2012

852

Presidential Award for Specially Distinguished Officers of the Customs and Central Excise Notified

07-Cus(NT)/24.01.2012

853

RBI Cuts CRR by 50 Points, Injects Rs. 32,000 crs Liquidity in Economy to Push Growth

RBI Press Release dated 24th January 2012

854

India takes over as President of SAARC Chamber

ABS News Service

855

India uses Yen to Square up Iran Oil, Dithers on Accepting the falling Rupees

EU to put Ban from 1 July

ABS News Service

856

Wheat Production in Russia, CIS Reaches Record

ABS News Service

857

Rupee Rises by 38 paise to the Dollar, Hits 49.648

NSE and RBI Website

858

India, Thailand: PMs want Free Trade Pact by Mid-2012

ABS News Service

859

Myanmar's Natural Gas and Oil Pipelines

ABS News Service

860

India Signs OECD Convention on Assistance in Tax Matters

Ministry of Finance, PIB Press Release dated 27th January 2012

861

Corrigendum dated 23 January to 02/2012

Corrigendum/23.01.2012

862

Banks should Certify Leverage Ratio of IFCs Availing ECBs under Approval Route

70-RBI/25.01.2012

863

External Commercial Borrowings – Simplification of Procedure

69-RBI/25.01.2012

864

Rupee Gains Against Dollar, Euro and Yen

09-Cus(NT)/30.01.2012

865

International Customs Day Celebration on 2 February 2012

F. No. 21000/9/2011-Cus/ICD dated 6th January 2012

866

Tondiarpet ICD at Chennai Notified for Unloading and Loading Goods

08-Cus(NT)/30.01.2012

867

RBI Removes Criteria Relating to Increase in Locational Advantage for Issuance of Fresh Licences for Full Fledged Money Changers

71-RBI/30.01.2012

868

RBI Approval Requires for Opening and Maintaining Rupee Vostro Account in India of Non Resident Exchange Houses in Connection with RDAs

72-RBI/30.01.2012

869

Tariff Value of Gold Raised by US$30 per 10 gms and Silver by US$113/kg

Brass Scrap Tariff Value Up by US$70 per MT and Poppy Seeds Raised by US$235/MT

10-Cus(NT)/31.01.2012

870

Fused Silica is Classified under Tariff Line 3207 40 00

Fused Silica in Tube Form, Rods or Tubes Unworked Classified under HS Code 7002 31 00

03-CBEC/01.02.2012

871

BIS Clearance Exempted on Commercial Vehicle Tyres, Off the Road Tyres, Run Flat Tyres and Collapsible Mini Tyres Import

CBEC Instruction/30.01.2012

872

Mumbai Zonal DGFT Asks Exporters to Update Email Address of the Authorised Signatory

04-TN/30.01.2012

873

December Dollar Export Rise 6.71%, Imports Up 19.81%

Ministry of Commerce & Industry, PIB Press Release dated 1st February 2012

874

FIEO President Calls for Investment Incentives to Reach Export Target

ABS News Service

875

Instant Fruit Juice Powder/Crystals SION Notified

92-PN(RE)/01.02.2012

876

Biscuits SION Modified

93-PN(RE)/01.02.2012

877

Sugar Free Assorted Confectionery SION Notified

Input Items and Quantities for Assorted Confectionery made of Cane Sugar Rationalised

94-PN(RE)/01.02.2012

878

DGFT Notifies Articles made of Thermo Plastic Elastomer (TPE) SION

95-PN(RE)/02.02.2012

879

Dollar-Rupee Rate at NSE Futures

NSE and RBI Website

880

AD Banks Format for Fortnightly Balances in Diamond Dollar Accounts

73-RBI/31.01.2012

881

Rupee Value under Indo-USSR Deferred Payment Protocol Revised to Rs. 71.456679 from 20 January 2012

74-RBI/01.02.2012

882

Jt Commissioner of Customs Designated in Air Cargo Complex Mumbai as Repository of Authorised Origin Certification Authority

07-PN/21.01.2012

883

MIAPL Designated as Cargo Custodian for Sahar Airport

06-PN/20.01.2012

884

No Export Quotas for Bhutan, India Allows Transit for Bhutan Trade with Bangladesh

Ministry of Commerce & Industry, PIB Press Release dated 3rd February 2012

885

Industry Leaders Met FM in Pre Budget Meets

Ministry of Finance, PIB Press Release dated 3rd February 2012

886

Cabinet Approves Compulsory Local Content for Electronic Goods

Ministry of Communications & Information Technology, PIB Press Release dated 2nd February 2012

887

Pak gets WTO Waiver on EU TRQ for Pak

ABS News Service

888

India Prepared for Rate Cut as Central Bank Sees Inflation Easing: Economy

ABS News Service

889

EU, India Trade Talks Make Progress Ahead of February Summit

ABS News Service

890

WHO Talks on ‘Counterfeit’

ABS News Service

891

EU Inks Anti-Counterfeiting Pact

ABS News Service

892

China Raw Material Export Restrictions Illegal, Says WTO Appellate Body

ABS News Service

893

African Union Aims for Continental Free Trade Area by 2017

ABS News Service

894

Crude Rises but Gas Falls, World Sugar on the Rise, Rice Falls

Non Ferrous Metals Up but Steel Steady

World Bank

895

China in Trade War with EU Over Carbon Emission Levy

ABS News Service

896

Cargill says Food Prices Set to Rise

ABS News Service

897

US Trade Gap Rises to $48.5bn in November

ABS News Service

898

Mauritius Trade Minister Calls on Anand Sharma

Ministry of Commerce & Industry, PIB Press Release dated 7th February 2012

899

Finance Minister hopes an Upward Revision in the GDP Growth

Ministry of Finance, PIB Press Release dated 7th February 2012

900

G.K. Vasan Strongly Advocates PPP Mode in Port Investment

Ministry of Shipping, PIB Press Release dated 7th February 2012

901

Export Obligation Period for Import of Silk Extended from Six Months to Nine Months

96-PN(RE)/07.02.2012

902

RBI Simplifies Procedure of ECB

75-RBI/07.02.2012

903

DRI Case on Gururaj Steel

CBEC Order/02.02.2012

904

Mauritius PM Navinchandra Visit India

PIB Press Release dated 7th February 2012

905

BHP Billiton First-Half Profit Drops 5.5%

ABS News Service

906

China moves to Fund EU Stability with $3tn Reserve

ABS News Service

907

Natural Rubber Duty Ceiling at Rs. 49 per kg to Curb Price

Ntfn 04/17.01.2012

908

Zero Duty Concession for Goods for International Thermonuclear Experimental Reactor (ITER)

Ntfn 05/07.02.2012

909

Stainless Steel Flats – 5 More Grades under Anti-dumping Duty, Corrigendum Notification gives Retrospective Effect

Corrigendum/07.02.2012

910

Free of Cost Services not Included in “Gross Amount” of Works Contract before 7 July 2009

150-ST/08.02.2012

911

China Bans 400K DWT Large Iron Ore Carriers to Stop Brazil – COSCO Gains, Small Steel Makers, Ship Owners Suffer

ABS News Service

912

Tensions over EU Emissions Levy Reach New Heights as China Tells Airlines not to Comply

ABS News Service

913

Rupee Falls by 26 paise to Reach 49.29 to the Dollar

NSE and RBI Website

914

Anti-dumping Duty on Coumarin from China – Final Findings After CESTAT Review Maintains Old Rate

Ntfn-12(ADD)/08.02.2012

915

Air Guns and Air Pistols Import Free for Registered Shooters

95-Ntfn(RE)/09.02.2012

916

Amendments in SION

New SION for Ball Pen Tips

97-PN(RE)/09.02.2012

917

RBI Warns Banks to Stop Iran, China, Pak and the like from Opening India Office

76-RBI/09.02.2012

918

US gives up on Zeroing of Anti-dumping Investigations, Signs Pact with Brussels and Tokyo

ABS News Service

919

China to Subsidise GM Crops in Three Nongs Policy

ABS News Service

920

EU gives Euro 100mn Three Year Trade Package to Pak in Textiles, Leather and Ethanol

ABS News Service

921

China Solar Panels may Face Retrospective Duties to Punish Import Surge

ABS News Service

922

Argentina on go Slow in Automatic Licence Approval, Approval Rate only 33%

ABS News Service

923

Rupee Falls by 35 paise to Reach 49.64 to the Dollar

NSE and RBI Website

924

Service Tax on Construction of Flats/Houses – Landowner, Builder, Developer and Contractor are Liable to Pay

Government itself Liable to Pay Service Tax on Construction Services

151-ST/10.02.2012

925

Antimony Trioxide Substituted for Antimony Dioxide and Antimony Oxide in SION No. A1790 and A1834

98-PN(RE)/10.02.2012

926

DRI Case of Medisurgi Pvt. Ltd., Mumbai

CBEC Order/10.02.2012

927

Pak to Announce Negative List for Indian Exports Soon

ABS News Service

928

DGFT on Sectoral Review Mode for Annual Foreign Trade Policy

ABS News Service

929

Pascal Lamy Points to Africa for Food Trade and Production

ABS News Service

930

Dominican Republic Loses on Plastic Bag Safeguards Case at WTO

ABS News Service

931

Rupee Gains by 33 paise to Reach 49.32 to the Dollar

NSE and RBI Website

932

Long Range Surface to Air Missile (LR-SAM) Programme – Customs Duty Exemption

Ntfn 06/09.02.2012

933

Long Range Surface to Air Missile (LR-SAM) Exemption of Excise Duty

04-CE/09.02.2012

934

CENVAT Credit on Excise Concessions to North East and J&K

01-CE(NT)/09.02.2012

935

LDC Import Desiccated Coconut Duty Cut Lowered to 12%, Tableware Cut Raised to 48% - Amendment by Corrigendum

Corrigendum/08.02.2012

935

American Jews Object to Khullar’s Plan for Iran Export Promotion

ABS News Service

936

Rupee Steadies at 49.33 to the Dollar

NSE and RBI Website

937

ECGC to Stop Cover on Exports to Iran

ABS News Service/15.02.2012

938

EU Expected to Ban Iranian Banks from Swift

ABS News Service/15.02.2012

939

Rupee Steadies at 49.25 to the Dollar

NSE and RBI Website

940

MEP of Onions Cut by $25 to $125/MT

96-Ntfn(RE)/15.02.2012

941

Time Bound Clearance must to Avoid Demurrage– Customs to give Option for Warehousing in Writing

CBEC Instruction dated 13th February 2012

942

RBI Requires Declaration of Immovable Property Acquired in India by a Person Resident Outside India Measure not to Apply NRI/PIO

79-RBI/15.02.2012

943

RBI Simplifies Procedure of Softex for Large Exporters – STPI to Certify Excel Sheets

80-RBI/15.02.2012

944

Money Laundering Filters for Indian Agents to Money Transfer (MT) Agencies

78-RBI/15.02.2012

945

RBI Cautions Dealers on Iran for Terrorist Financing Checks

77-RBI/15.02.2012

946

Protests on Anti Counterfeiting Pact Mount in EU

ABS News Service/16.02.2012

947

Farm Subsidies Cuts Hearings begin US Congress

ABS News Service/16.02.2012

948

US Industry Pushing to Sideline Doha?

ABS News Service/16.02.2012

949

Tariff Value of Brass Scrap and Poppy Seeds Down by US$98/MT and US$234/MT

11-Cus(NT)/15.02.2012

950

Corrections in Reward Scheme by 80-PN(RE)/13.10.2011 and 83-PN(RE)/31.10.2011

99-PN(RE)/16.02.2012

951

Carpet Expo Flags Off at Pragati Maidan, China Marks Presence as Future Buyer

ABS News Service/17.02.2012

952

Rupee Steadies at 49.21 to the Dollar

NSE and RBI Website

953

Calculate Export Duty in Iron Ore using Wet Metric Tonne after Deducting for Moisture Content

04-CBEC/17.02.2012

954

CBEC Allows Change of Name, Relocation and Expansion to Uttaranchal and Himachal Excise Free Units

960-CBEC/17.02.2012

955

Duty Concessions on Pak and Sri Lanka under SAFTA – Corrections in SNos. 113 and 116

Corrigendum/24.01.2012

956

Corrigendum dated 9 Feb 12 to Ntfn 04/12

Corrigendum/09.02.2012

957

European Insurers Say “No” to Iran Trade, Warnings to Finish Contracts before 1 July

ABS News Service/20.02.2012

958

Kyrgyzstan Applies for Customs Union with Russia to Create “Common Economic Space”

ABS News Service/20.02.2012

959

SWIFT is Against Iran Terrorist Financing but Claims Limitations on Account of Multilateral Legal Framework

ABS News Service/21.02.2012

960

Oil Trades Near Nine-Month High on Iran Tension

ABS News Service/21.02.2012

961

Danube Freezes Hampering Trade

ABS News Service/21.02.2012

962

Food Shortages in Yemen

ABS News Service/21.02.2012

963

Too much Rice in the World Market, India to Pump in 6.5mn tonnes, Price Crash Soon

ABS News Service/21.02.2012

964

Euro Rises with Greek Bailout News

ABS News Service/21.02.2012

965

Gold Imports in 2012 Estimated at 900 tonnes

ABS News Service/21.02.2012

966

Value Added Measures – iPhones are Made in Japan and Korea, China does the Final Assembly only

ABS News Service/21.02.2012

967

Rupee Gains by 13 paise against Dollar

NSE and RBI Website

968

Dumping Investigation Initiated on Soda Ash from Turkey and Russia on Complaint by AMAI

Initiation Notification No. 14/3/2011-DGAD dated 10th February 2012

969

DGAD Notifies Final Findings on Non Fertilizer Grade Phosphoric Acid from Israel and Taiwan

No. 14/44/2010-DGAD dated 2nd February 2012

970

Rangarajan Forecast 8% Growth in 2012, Rupee to be Stable with Managed Current Account Deficit at 3% of GDP, Gold Import to Fall, Crude may go up 10%

Prime Ministry’s Office, PIB Press Release dated 22nd February 2012

971

Rupee Falls by 16 paise against Dollar

NSE and RBI Website

972

Basmati Rice MEP Slashed to US$700/MT from US$900/MT

·      Export Permitted from All EDI Ports

·      Registration of Contracts with APEDA Must

97-Ntfn(RE)/21.02.2012

973

Import Remittance Limit Raised without Documentation to US$5000 from US$500

82-RBI/21.02.2012

974

Exporters can Receive Advance Payment for Supply beyond One Year Allowed but no Refunds for Non Delivery

83-RBI/21.02.2012

975

No Service Tax Leviable on Toll Fee but Toll Collection to Pay ST

152-ST/22.02.2012

976

Pranab Mukherjee Confers Presidential Awards to Customs and Excise Officers

Ministry of Finance, PIB Press Release dated 22nd February 2012

977

India in Consultation with Turkey at WTO on Turkish Action of Extending Safeguard Duty on Cotton Yarn

ABS News Service

978

Vietnam Brings its Second WTO Complaint against US on Frozen Warm-Water Shrimp

ABS News Service

979

Rupee Steadies at 49.24 to the Dollar

NSE and RBI Website

980

Another Six Months for CHAs to Pass Exam to File Electronic Declaration

05-CBEC/23.02.2012

981

Sodium Tripoly Phosphate (STPP) from China – Notification Rescinded

Ntfn 13(ADD)/22.02.2012

982

Vinyl Pyridine Latex DEPB Entry Corrected

100-PN(RE)/23.02.2012

983

Indo-Nepal Trade – Excise Exemption – Normal Exemptions to Apply

02-CE(NT)/22.02.2012

984

India Supports BRICS Bank

ABS News Service

985

Rupee Gains by 18 paise against Dollar

NSE and RBI Website

986

Spares Import under EPCG for Domestically Procured Capital Goods not Allowed

54-Pol.Cir/23.02.2012

987

357 Items Identified in 5% Plus Export Decline in 2010-11 Period for Refixation of Annual Export Obligation

53-Pol.Cir/23.02.2012

988

Wheat Export through Non-EDI Land Customs Stations on Bangladesh and Nepal Border Allowed with DGFT Registration

99-Ntfn(RE)/23.02.2012

989

Non Basmati Rice Export through Non-EDI Land Customs Stations on Bangladesh and Nepal Border Allowed with DGFT Registration

98-Ntfn(RE)/23.02.2012

990

Molasses used in Hookah Containing Tobacco Must Bear Health Warning at the Time of Import

CBEC Instruction/22.02.2012

991

Rupee Steadies at 49.04 to the Dollar

NSE and RBI Website

992

Dollar Falls by 80 paise for March Customs Valuation

14-Cus(NT)/27.02.2012

993

Rupee Falls by 10 paise against Dollar

NSE and RBI Website

994

Ten Outside Indian Laboratories Authorised for Diamond Certification for Re-import after Grading

100-Ntfn(RE)/28.02.2012

995

Rupee Gains by 79 paise against Dollar

NSE and RBI Website

996

DGFT Introduces ‘On-line’ Filing of Policy Relaxation (PRC) Application

56-Pol.Cir/29.02.2012

997

Erythromycin Thiocyanate Import Under Advance Authorisation Exempted from Drugs Registration

55-Pol.Cir/29.02.2012

998

Corrections in DGFT Notification 98(RE)/23 February 2012

101-Ntfn(RE)/02.03.2012

999

FPS Benefits on Handmade Carpets Extended to Braided Carpets

101-PN(RE)/29.02.2012

1000

Anti-dumping Duty on Phenol from USA, Korea and Taiwan – Notification Rescinded

Ntfn 14-ADD/29.02.2012

1001

Tariff Value on Gold and Silver Up by US$17 per 10 gms and US$78 per kg

15-Cus(NT)/29.02.2012

1002

Laukaha in Bihar and Thoothibari in UP LCS Notified for Nepal Trade

17-Cus(NT)/29.02.2012

1003

Dhamra Port in Orissa Notified for Unloading and Loading Goods

16-Cus(NT)/29.02.2012

1004

Crude and Refined Oil Imports Up by 68.1% and 64.4%

Ministry of Commerce & Industry, PIB Press Release dated 1st March 2012

1005

Five Sectors with 27 Sub Sectors under Infrastructure Definition Listed with Sub Sectors

Cabinet Committee on Infrastructure, PIB Press Release dated 1st March 2012

1006

CBEC Invites Feedback from Taxpayers and Trade Associations on Rising Litigation with Taxpayers

CBEC Website

1007

Corrigendum dated 16 Feb ’12 to Ntfn 04-Cus dated 17 Jan ’12

Corrigendum/16.02.2012

1008

RBI Raises Maximum Tenor of Gold Loan to 270 Days for Fixing the Price and Repayment as per FTP 2009-14

83-RBI/27.02.2012

1009

RBI Allows ECB to Developers of NMIZ under ‘Approval Route’

85-RBI/29.02.2012

1010

All Eyes on FIEO Delegation of 30 Leaving for Iran on 10 March, FIEO Says UCO Escrow Account to Guarantee Payment

ABS News Service

1011

EU Wants “Polluting” Label for Oil from Sand Deposits, WTO Dispute Brewing?

ABS News Service

1012

Boeing may Win WTO Case Against $18bn Airbus Subsidies

ABS News Service

1013

India Slam Brakes on Cotton Exports

102-Ntfn(RE)/05.03.2012

1014

Corrections in DGFT Notification 99(RE)/23 February 2012

103-Ntfn(RE)/05.03.2012

1015

Philippines Asks for Rice QRs at WTO, US wants Access to Pork Market in Return for Ok on QR

ABS News Service

1016

US Mulls MFN Status to Russia

ABS News Service

1017

EUROFER Asks for Anti Subsidy Probe on Chinese Steel Following Dumping Plaint

ABS News Service

1018

US-Korea FTA to take Effect in March

ABS News Service

1019

Rupee Falls by 44 paise against Dollar

NSE and RBI Website

1020

Rupee Exports in UCO Bank Escrow Account to Iran to Get Export Incentives

105-Ntfn(RE)/05.03.2012

1021

Calendar Year Accounting for Restriction Free Export Quota to Bhutan

104-Ntfn(RE)/05.03.2012

1022

Daily List of Imports and Exports Rules, 2004 Amendments

18-Cus(NT)/05.03.2012

1023

CBEC Asks Field Formations to Enforce Export Ban on Cotton, Report of Pending Consignments in Customs Custody Sought

06-CBEC/06.03.2012

1024

Textiles Ministry Justifies Cotton Export Ban, Says Stocks Low even as Low Prices Force Cotton Corporation to Buy in Quiet Market

Ministry of Textiles, PIB Press Release dated 6th March 2012

1025

Anti-dumping Duty on FD Polyester Yarn from Taiwan, Korea, Indonesia and Malaysia – Notification Validity Extended upto 20 August 2012 in Review

Ntfn 15(ADD)-05.03.2012

1026

US Takes India to WTO over NTB on Poultry

ABS News Service

1027

Crude Rises but Gas Falls, World Sugar on the Rise, Rice Falls

World Bank

1028

Rupee Falls by 54 paise against Dollar

NSE and RBI Website

1029

Cotton Export LEO as Evidenced in DTR upto 4 March not Covered in Export Ban

58-Pol.Cir/09.03.2012

1030

Customs Says Cotton Export LEOs Till 4 March not under Ban

07-CBEC/09.03.2012

1031

DGFT Clamps Down on Improper DFAI for Sensitive List in HBP Para 4.32.2

57-Pol.Cir/06.03.2012

1032

RBI Issues Instructions on How to Check Money Laundering

86-RBI/29.02.2012

1033

RBI Permission must for BO

88-RBI/01.03.2012

1034

Purpose Code for Receipts at Payments in Forex Reporting under FETERS

84-RBI/29.02.2012

1035

ADG Chennai of DRI Arrested by CBI for Accepting Rs. 8 Lakhs Bribe from Burmese National

ABS News Service

1036

Cotton Export Ban Withdrawn, Exports Limited to Contracts Already Registered – New Registration Suspended to Support Domestic Industry

106-Ntfn(RE)/12.03.2012

1037

Bangalore Aero Show must put Bank Guarantees for Exhibition and Display of Aircraft and Other Imports, Fuel Consumption must Pay Full Duty

Ntfn 08/09.03.2012

1038

Customs Duty Changes Following Excise Revision

32nd Budget 2012 Edition of Big’s Easy Reference Customs Tariff

1039

FM Pranab Mukherjee Raises Excise and Service Tax by 2% - Budget Speech 2012-2013

Ministry of Finance, Govt. of India

1040

TRU Letter on Customs and Excise Changes

D.O.F.No.334/ 3/2012-TRU dated 16.03.2012

1041

TRU Letter on Service Tax Changes

D.O.F.No.334/1/2012-TRU dated 16.03.2012

1042

Customs 2012 Changes Explanatory Notes

D.O.F.No.334/ 3/2012-TRU dated 16.03.2012

1043

Excise 2012 Changes Explanatory Notes

D.O.F.No.334/ 3/2012-TRU dated 16.03.2012

1044

Customs Budget- One Step Forward in Reform but Duty hikes in CVD with High Exchange Rates Raises Cost Further

ABS News Service

1045

Important Corrigendum issued by the Department of Revenue on 19 March, 2012 for Corrections in Customs and Excise Jumbo Notifications

Corrigendum/19.03.2012

1046

Main Jumbo Customs Exemption Notification 12/17.03.2012 - Amendments

Ntfn 23/20.03.2012

1047

Silver Tariff Value Down by US$ 109 per Kg

23-Cus(NT)/21.03.2012

1048

6% CVD Applicable on Articles of Jewellery

20-CE/19.03.2012

1049

Anti-dumping Duty on Flat Base Steel Wheels from China Extended upto 27 March, 2013

Ntfn 16-ADD/20.03.2012

1050

Export of 5,000 Bales of Assam Comilla Cotton Exempted from Cotton Restriction

108-Ntfn(RE)/22.03.2012

1051

Cotton Export Permitted only after Revalidation of RCs

24-TN/20.03.2012

1052

Procedure for Revalidation of RCs for Cotton Export

102-PN(RE)/16.03.2012

1053

Addl. DGFT, Mumbai Receives 68 Applications for Revalidation of RC for Cotton Export

Addl. DGFT Mumbai Trade Notice No. 06 dated 19th March 2012

1054

Corrigendum to Trade Notice No. 6/AM12 dated 19.03.2012

Addl. DGFT Mumbai Trade Notice No. 07 dated 21st March 2012

1055

No Deemed Export Benefit to Non Mega Power Project

107-Ntfn(RE)/21.03.2012

1056

Detained Containers may be Released on Furnishing Bond and BG under CA ‘1962

No Rent or Demurrage on Detained Goods under Rule 6 (1) (I) of HCCAR 2009

F.No. 450/24/2012-Cus.IV dated 14th March 2012

1057

Colour Toners for Laser Printers and Photocopier SION Notified

103-PN(RE)/22.03.2012

1058

Mumbai Addl. DGFT Notifies New Timings for Submission and Delivery of Applications

Addl. DGFT Mumbai Trade Notice No. 05 dated 6th March 2012

1059

Amendments in Pan Masala Packing Machines (Capacity Determination and Collection of Duty) Rules 2008

19-CE(NT)/19.03.2012

1060

Amendments in Chewing Tobacco and Un-manufactured Tobacco Packing Machines Rules, 2010

20-CE(NT)/19.03.2012

1061

Corrigendum dated 22 March 2012 to 12-Cus dated 17 March 2012 – III

Corrigendum dated 22nd March 2012

1062

Corrigendum dated 23 March 2012 to 12-Cus/17.03.2012 – IV

Corrigendum dated 23rd March 2012

1063

Corrigendum dated 23 March 2012 to 12-CE dated 17 March 2012

Corrigendum dated 23rd March 2012

1064

Corrigendum dated 22 March 2012 to 12-CE dated 17.03.2012

Corrigendum dated 22nd March 2012

1065

Corrigendum dated 20 March 2012 to 11-CE dated 17.03.2012

Corrigendum dated 20th March 2012

1066

Corrigendum dated 20 March 2012 to 10-CE dated 17 March 2012

Corrigendum dated 20th March 2012

1067

Corrigendum dated 20 March 2012 to 09-CE dated 17 March 2012

Corrigendum dated 20th March 2012

1068

Applicability of Excise Exemption to Ores under S. No. 4 of 04-CE/2006

09-CBEC/23.03.2012

1069

DGFT Modifies PSI Agencies Eligibility Criteria and PSI Certificate for Metal Scrap

104-PN(RE)/23.03.2012

1070

New Guidelines for Power Generation in SEZs

No. P.6/3/2006-SEZ dated 21st March 2012

1071

Tariff Value of Gold Down by US$43 per gms

24-Cus(NT)/22.03.2012

1072

Repayment of Loans to NRE/NCNR(B) Account Extended by way of Inward Remittance in Forex through Normal Banking Channels

95-RBI/21.03.2012

1073

AD Banks should Submit Quarterly Reports of Diamond Dollar Accounts w.e.f. March 2012

92-RBI/13.03.2012

1074

Rupee Value under Indo-USSR Deferred Payment Protocol Revised to Rs. 68.838139 from 9 Feb ‘2012

91-RBI/13.03.2012

1075

Pulses Export Ban Extended for One More Year

109-Ntfn(RE)/27.03.2012

1076

Revalidation of Reward Scrips for Re-credit of 4% CVD

105-PN(RE)/27.03.2012

1077

Duty Refund Procedure in India and Nepal Trade to Continue on Past Exports

961-CBEC/26.03.2012

1078

Rupee Falls against Dollar, Euro and Yen in April Customs Valuation

26-Cus(NT)/28.03.2012

1079

Only Cenvat Credit Balance can be used for Payment of Arrears

962-CBEC/28.03.2012

1080

No Cenvat on 1/2011 (2% Excise) Allowed, Coal and Fertilisers (1% Excise)

21-CE(NT)/27.03.2012

1081

India Said to Plan Using Foreign Currency for Iran Oil Deals as Rupee Falls

ABS News Service

1082

BRICS Ministers Demand more from Doha

ABS News Service

1083

US-China Solar Panel Conflict Reaches Next Stage

ABS News Service

1084

BRICS Nations Sign Pact for Local Currency Facility

ABS News Service

1085

BRICS Delhi Declaration

ABS News Service

1086

Avoid Disruptions to Trade, Manmohan Tells BRICS Summit

ABS News Service

1087

Pakistan Implements ‘Negative List’ for India Trade

ABS News Service

1088

Colombia Joins WTO’s Information Technology Agreement

ABS News Service

1089

CVD of 1% Applicable on Composite Fertilisers

Ntfn 24/28.03.2012

1090

Corrigendum dated 28 March ’12 to 12/17.03.2012

Corrigendum/28.03.2012

1091

SAD Paid through DEPB will be Refunded only Till 30 April

No Refund on Reward Scrip thereafter

10-CBEC/29.03.2012

1092

Port of Registration for Duty Credit Scrips

08-TN/27.03.2012

1093

Online Filing of Application for SCOMET Licence will be Mandatory from 1 July 2012

25-TN/29.03.2012

1094

Check List for Application of Advance Authorisation

09-TN/28.03.2012

1095

Clarification on Point of Taxation Rules

154-ST/28.03.2012

1096

CBEC Clarification for Clearance of Goods for Mega Power Projects

963-CBEC/29.03.2012

1097

Import of Filter Rods for Pharmaceutical Products of Chapter 30

27-Cus(NT)/28.03.2012

1098

Peak Excise Duty on Petroleum Products Lower to 14% from 14%+Rs. 15 per Litre

22-CE/30.03.2012

1099

14% CVD of Excise Applicable on Naphtha

21-CE/30.03.2012

1100

Anti-dumping Duty on Bias Tyres Extended upto 7 October 2012 for Sunset Review

Ntfn 17-ADD/30.03.2012

1101

Tariff Value of Poppy Seeds Up by US$414 MTs

30-Cus(NT)/30.03.2012

1102

Refrigerator – Local Value Add 40% and Substantial Transformation Must for Thai Preferential Duty

29-Cus(NT)/30.03.2012

1103

Audit Party Entry for CENVAT Check

22-CE(NT)/30.03.2012

1104

Export Period for Wheat Flour Quota Extended to 31 March 2013

110-Ntfn(RE)/31.03.2013

1105

Structural Components used as a Part of Boiler System Classifiable as Parts of Boiler under Heading 8402

964-CBEC/02.04.2012

1106

Ceiling Rates on Export Credit in Foreign Currency will Continue Till September 30, 2012

RBI/2011-12/480 - DBOD.DIR.No.91/04.02.001/2011-12 dated 30.03.2012

1107

Discounting of Bill under LCs by Urban Co-operative Banks

RBI/2011-12/476 UBD.BPD.(PCB). Cir.No. 29/13.05.000/ 2011-12 dated 30th March 2012

1108

No More GR Forms in Print w.e.f 1 July 2012, Online Option Available

98-RBI/30.03.2012

1109

Import Credit Ceiling Rate Continues at 350 bps Libor Plus for Another Six Months

100-RBI/30.03.2012

1110

Libor Plus Ceiling at 350 bps for ECB Extended for Six More Months

99-RBI/30.03.2012

1111

Overseas Investments by Resident Individuals Liberalised

97-RBI/28.03.2012

1112

RBI Liberalises Overseas Direct Investments by Indian Party

96-RBI/28.03.2012

1113

RBI Allows Indian Party to Open FC Account Abroad for Overseas Direct Investment

101-RBI/02.04.2012

1114

FIEO Asks for Liberalisation of Forex Forward Covers on Export Contracts

ABS News Service

1115

Rupee Falls by 48 paise against Dollar

NSE and RBI Website

1116

Ajit Singh Asks Airlines to Boycott EU Aviation Emission Rule

ABS News Service

1117

EU to Stop Non EU Countries from Govt Contracts Bids

ABS News Service

1118

Indonesia Closes Jakarta Port to Horticulture Imports

ABS News Service

1119

US Suspends Argentina from GSP on $298.4mn Investment Compensation Failure

ABS News Service

1120

US Appeals Origin Labelling at WTO

ABS News Service

1121

Canada, Japan to Begin Trade Talks

ABS News Service

1122

Obama Clears Way for Sanctions on Banks in Iran Oil Trade

ABS News Service

1123

Dollar Export Up by 4.28% in Feb 2012, 20.65% Gain in Import

Ministry of Commerce & Industry, PIB Press Release dated 2nd April 2012

1124

Union Finance Minister, Pranab Mukherjee and the World Bank Group President Hold Talks

ABS News Service

1125

Export and Import of Prohibited Items in Red List under Sch.VI of Hazardous Waste Rules, 2008 not Allowed under Sec.11 of CA 1962

31-Cus(NT)/04.04.2012

1126

WTO Debates Low Yuan, High Real

ABS News Service

1127

US Leads 11 Nation Charge on Argentina Import Controls at WTO, Mercosur Abstrains

ABS News Service

1128

EU, Vietnam to Launch FTA Talks after All ASEAN Stalls Move

ABS News Service

1129

Crude Rises but Coal, Gas and World Sugar Falls, Palm Oil Up

World Bank Pink Sheet

1130

Zero Duty Sugar Import Extended upto 1 July 2012

Ntfn 25/30.03.2012

1131

Anti-dumping Duty on Persulphates Extended for One More Year upto 18 March 2013 Pending Review

Ntfn 20-ADD/04.04.2012

1132

Another Five Years of Anti-dumping Duty on Non Fertiliser Grade Phosphoric Acid from Israel and Taiwan – Duty Slashed in Israel Cases

Ntfn 19-ADD/04.04.2012

1133

Provisional Anti-dumping Duty Notification on Non Fertiliser Grade Phosphoric Acid Rescinded

Ntfn 18-ADD/04.04.2012

1134

Corrigendum dated 30 March 2012 to 12-CE dated 17.03.2012

6% CVD of Excise on Paper Pulp Moulded Trays also

Corrigendum/30.03.2012

1135

RBI Allows Cat II Banks to Open Nostro Accounts to Issue Forex Pre-paid Cards to Residents Travelling Abroad

104-RBI/04.04.2012

1136

RBI Rationalises Reporting System on Gold Import

103-RBI/03.04.2012

1137

Immediate Return of Cash in Forex Smart Cards Allowed

102-RBI/02.04.2012

1138

M. K. Gupta Retired IRS Officer to Head for Common Excise and Service Tax Code Study Team

Ministry of Finance, PIB Press Release dated 9th April 2012

1139

New 2012 Edition of Consolidated FDI Policy Released

Press Release on ‘Circular 1 of 2012’ dated 10th April 2012

1140

DGAD Initiates Investigation on Cefadroxil Monohydrate Bulk Drug from EU on Complaint of Lupin Mumbai

F.No.14/8/2011-DGAD dated 22nd February 2012

1141

No Charge of 12% Service Tax on Air Tickets Issued before 1 April 2012

155-ST/09.04.2012

1142

Sanghamitra Panda to Chair Committee on Electronic Refund of Service Tax on Exports

156-ST/09.04.2012

1143

Rupee Value under Indo-USSR Deferred Payment Protocol Revised to Rs. 70.965327 w.e.f 13 March, 2012

105-RBI/10.04.2012

1144

World Bank Cuts China 2012 Export Growth to 8.2%

ABS News Service

1145

CBEC on Tax Evasion Check Spree

Ministry of Finance, PIB Press Release dated 10th April 2012

1146

All Govt. Payments above Rs. 25K Directly in Bank Account from 1 April

Ministry of Finance, PIB Press Release dated 10th April 2012

1147

DGAD Initiates Investigation on Electrical Insulators from China on Complaint of Four Indian Companies

F.No.14/6/2011-DGAD dated 9th April 2012

1148

CBEC Invites Feedback from Trade for Harmonisation of Service Tax and Central Excise Registration

F. No. 137/22/2012 – Service Tax dated March 2012

1149

Anti-dumping Duty on Vitamin A Palmitate from China and Switzerland Extended upto 27 March, 2013 after Review

Ntfn 21-ADD/12.04.2012

1150

Export Credit of US$150 mn to Ecowas

106-RBI/12.04.2012

1151

Kannur (Kerala) ICD Notified for Unloading and Loading Goods

32-Cus(NT)/11.04.2012

1152

Chidambaram Inaugurates Integrated Check Post (ICP) at Attari

Ministry of Home Affairs, PIB Press Release dated 13th April 2012

1153

Anand Sharma Inaugurates Lifestyle Pakistan 2012

Ministry of Commerce & Industry, PIB Press Release dated 12th April 2012

1154

Permission for Export of 19 Lakh Bales of Cotton

PIB (MoC&I) Press Release dated 12 April 2012

1155

India to Challenge Visa Fees at WTO

ABS News Service

1156

China Announces Anti-dumping Review Investigation on Nonyl Phenol from India and Taiwan

ABS News Service

1157

China Terminates Anti-dumping Measures against Bisphenol A from Japan, Korea, Singapore and Taiwan

ABS News Service

1158

China Starts Anti-dumping Investigation on TDI from EU

ABS News Service

1159

Anti-dumping Investigation by China against Resorcinol from Japan and US

ABS News Service

1160

Beijing Launches Rare Earth Group to Consolidate Industry

ABS News Service

1161

Lamy Names Panel to Identify 21st Century Trade Challenges

ABS News Service

1162

Brazilian President Cites Currency Concerns in White House Visit

ABS News Service

1163

France Wavers on EU Aviation Emissions Rule

ABS News Service

1164

US Requests Panel to Review EU Compliance in Airbus Case

ABS News Service

1165

Corrigendum dated 12 April 2012 to Ntfn 12/17.03.2012 – 6

Corrigendum/12.04.2012

1166

Corrigendum dated 13 April 2012 to 12/17.03.2012 – 7

Corrigendum/13.04.2012

1167

CBEC Invites Feedback for Revised Format for EST (Excise and Service Tax) Return to Synchronise Payment and Return Cycle

F.No.201/05/2011-CX.6 dated 13th April 2012

1168

Concor Declared Custodian of Nanepada Mulund Concor Warehouse for Export Goods

Mumbai Air Cargo Complex Notification No. 03 dated 9th April 2012

1169

India-Pak Commerce Ministers in Pow wow at Delhi

Ministry of Commerce & Industry, PIB Press Release dated 14th April 2012

1170

India Tops Export Growth in World Trade 2011

www.wto.org

1171

Changes in Tariff Value

Poppy Seeds Up by US$827/MT and Brass Scrap US$48/MT

Silver Up by US$19 per kg and Gold US$3 per 10 gram

33-Cus(NT)/16.04.2012

1172

Apple, Samsung Ordered Into Patent Settlement Conference

ABS News Service

1173

ITC(HS) 2012 Notified on 18 April, HS2012 Incorporated, Format and Layout Revised

111-Ntfn(RE)/18.04.2012

1174

Gold Import through Passenger slashed to 1 kg from 10 kg, Silver Down to 10 kg from 100 kg

Disparity between Imported Coal and Domestic Coal in DTA Sale on Electricity Sale from SEZ into DTA Removed, Both will Pay Uniform Duty of Rs. 30 per 1000 kwh

Ntfn 26/18.04.2012

1175

Variation of 1mn and 1% weight in Specs for Reimported Diamonds Allowed

Ntfn 27/18.04.2012

1176

CBEC Clarifies Disposal of Confiscated Goods, Follow E-Auction Route

11-CBEC/12.04.2012

1177

Area Based Exemption in J&K for 10 years from date of Production

965-CBEC/17.04.2012

1178

Amendments in Central Excise Rules 2002

23-CE(NT)/18.04.2012

1179

AD Cat-II Must Approach RBI for One Time Approval to Operate Nostro Accounts

109-RBI/18.04.2012

1180

Money Laundering and Terror Finance Rules for Sub-agents of MTSS also

108-RBI/17.04.2012

1181

Money Laundering and Terror Finance Rules for All Agents/Franchises

107-RBI/17.04.2012

1182

India Challenges US on Steel Duties

ABS News Service

1183

Jim Yong Kim Named New World Bank Chief

ABS News Service

1184

India Environment Minister Links EU Aviation Emissions Rule to UN Climate Talks

ABS News Service

1185

Department of IT (DIT) Renamed Department of Electronics & IT (DeitY)

ABS News Service

1186

DGAD Initiates Sunset Review Investigation on Vitamin A Palmitate from China and Switzerland

F.No. 15/7/2011-DGAD dated 23rd March 2012

1187

Rupee Loses Against All Currencies

38-Cus(NT)/26.04.2012

1188

DGFT Notifies 53 SEZ Port Codes

59-Pol.Cir/24.04.2012

1189

Wardha (Mah) ICD Notified for Unloading and Loading of Goods

35-Cus(NT)/23.04.2012

1190

Kalinganagar ICD in Orissa Notified for Unloading and Loading of Goods

34-Cus(NT)/20.04.2012

1191

RBI Allows ECB for Working Capital as Permissible End-Use for Civil Aviation Sector under Approval Route

113-RBI/24.04.2012

1192

Existing ECB Borrowers can Raise Fresh ECB at a Higher All-in-Cost under Approval Route

112-RBI/20.04.2012

1193

ECB Policy Liberalised in Power, Roads and Highways

111-RBI/20.04.2012

1194

Export Credit of US$15mn to Togo

110-RBI/20.04.2012

1195

Members of Global System of Trade Preferences Reaffirm their Strong Commitment to South-South Trade Cooperation

UNCTAD-XIII Press Release Doha, Qatar, 25 April 2012

1196

Innovation, Technology Hold Key to Resolving Major Challenges Facing Humanity, UNCTAD Secretary-General Says at Landmark Event

UNCTAD-XIII Press Release Doha, Qatar, 25 April 2012

1197

Panellists Stress need for ‘Determined Structural Change’ to Spark Inclusive Development in Agriculture-Dependent Countries

UNCTAD-XIII Press Release Doha, Qatar, 25 April 2012

1198

Indo-Japan CEPA Concessional Duty on 806 Items Slashed by 1-9%

Ntfn 28/27.04.2012

1199

Services Provided by APMC are Classifiable as Business Support Services, Service Tax is Exempted

Service Tax Leviable on ‘Mandi Shulk’ Collected by the APMC

157-ST/27.04.2012

1200

UNCTAD Meet Adopts “Doha Manar” Calling for Development through Trade

UNCTAD XIII Doha, Qatar Press Release dated 26 April 2012

1201

High-level Panel Discusses how International Trading System can Spur Inclusive Development

UNCTAD XIII Doha, Qatar Press Release dated 26 April 2012

1202

UNCTAD’S Message to Rio+20 Summit: Trade Critical for Sustainability

UNCTAD XIII Doha, Qatar Press Release dated 26 April 2012

1203

UNCTAD XIII Concludes with Mandate Affirming Organization’s Core Activities, Declaration of Member States’ Solidarity in Quest for “a Prosperous World”

Geneva – Press Release dated 26 April 2012

1204

World News

ABS News Service

1205

March 12 Dollar Export Fall by 5.7

Ministry of Commerce & Industry, PIB Press Release dated 1st May 2012

1206

VAT Declaration for 4% Spl CVD Exemption Date Extended by One Month, Measure will Apply from 1 June 2012 Now

Ntfn 29/30.04.2012

1207

Changes in Tariff Value

Brass Scrap Up by US$13/MT

Silver Down by US$40 per kg and Gold US$1 per 10 gm

39-Cus(NT)/30.04.2012

1208

Online Transmission of DES and EPCG Authorisation at Tondiarpet ICD from 8 May 2012 Mandatory

60-Pol.Cir/30.04.2012

1209

SION E-1A Renumbered as SION E-131 – No Change in the Description or Quantity

107-PN(RE)/30.04.2012

1210

SION E-129A Renumbered as SION E-130

106-PN(RE)/30.04.2012

1211

Micro / Mini SD Cards Classified in Sub-heading 8523.51 as Semiconductor Media

12-CBEC/01.05.2012

1212

No Revalidation of Exports will be Granted to RCs for both Cotton and Cotton Yarn

61-Pol.Cir/01.05.2012

1213

Casein and Casein Products Export Permitted under Licence

112-Ntfn(RE)/01.05.2012

1214

Another Five Years for Anti-dumping Duty on POY from China in Review

Ntfn 22-ADD/02.05.2012

1215

New DGFT Regional Office at Srinagar

108-PN(RE)/02.05.2012

1216

CBEC Assigns Functions of Officers under Customs Act, 1962

40-Cus(NT)/02.05.2012

1217

Three Ombudsmen Appointed for Customs, Excise and Service Tax Issues

Press Release/01.05.2012

1218

FPS and VKGUY Benefits for Items in Revised ITC(HS) Codes

109-PN(RE)/03.05.2012

1219

Export Credit of US$80mn to Burundi

114-RBI/02.05.2012

1220

DGFT Reopens Cotton Export with Contract Registration, Suspension of Old RCs Revoked

113-Ntfn(RE)/04.05.2012

1221

Quota Limits not to Apply on Cotton Exports by Cotton Corporation

114-Ntfn(RE)/04.05.2012

1222

RBI Frees Interest Rates on Export Credit in Foreign Currency w.e.f. 5 May, 2012

DBOD.DIR.No.100/04.02.001/2011-12 dated 4 May 2012

1223

LIBOR Plus Interest Rates on FCNR(B) Raised by 75bps to 175bps

DBOD.Dir.BC. 102/13.03.00/2011-12 dated 4 may 2012

1224

Duty Free Allowance for Children Raised to Rs. 15,000 from Rs. 6,000

37-Cus(NT)/23.04.2012

1225

Crude, Coal, Gas and Sugar Fall; Urea Up

World Bank

1226

Amendments in Customs and Excise Notifications Announced by FM in Reply to the Budget 2012 Debate

Following the reply to the Parliament by the Finance Minister on the Budget proposals, the Government has amended the notifications issued on 17 March 2012.

Customs Notification No. 30 to 32 dated 8th May 2012

Central Excise Notification No. 23 to 26 dated 8th May 2012

Central Excise Notification No. 25 (NT) dated 8th May 2012

1227

Onions Export Allowed without MEP for Two Months

116-Ntfn(RE)/08.05.2012

1228

CBEC Clarifies Parallel Imports are Ok and within the Law

13-CBEC/08.05.2012

1229

Email Procedure for Cotton RCs

01-TN/08.05.2012

1230

Payment Detail of LC or FIRC Must for Cotton RC Applications

02-TN/10.05.2012

1231

Another Five Years for Anti-dumping Duty on Viscose Filament Yarn from China

23-ADD/04.05.2012

1232

Shopping Lists for Indo-China Border Trade Enlarged

110-PN(RE)/07.05.2012

1233

EOUs Cannot Supply Marble in DTA under Para 6.9 of FTP

115-Ntfn(RE)/07.05.2012

1234

Service Tax Incidence on Date of Payment vs Date of Invoice

158-ST/08.05.2012

1235

PFY Gauntlet Bags SION Notified

111-PN(RE)/10.05.2012

1236

Fraudulent Emails on Bribes by Mumbai Customs

Mumbai Customs Public Notice

1237

RBI Permits NRIs Transfer Funds from NRO Accounts to NRE Accounts within Ceiling of US$1mn per Year

117-RBI/07.05.2012

1238

Limit for Forex Remittance for Miscellaneous Purposes Raised to US$25000 from US$5000 without Documentation including Form A-2

118-RBI/07.05.2012

1239

Borrowers should Provide Bifurcation of Utilization of ECB Proceeds for Rupee Expenditure in Form-83

119-RBI/07.05.2012

1240

Equity Shares Issue by Conversion of Imported Second-hand Machinery Investment Excluded under FDI under Government Route

120-RBI/08.05.2012

1241

FIPB Approval Required only for FDI Component for Foreign Investment in Commodity Exchanges

FDI Permitted only in ‘Financial Leases’ and not in ‘Operating Leases’

121-RBI/08.05.2012

1242

Risk Management and Inter Bank Dealings

122-RBI/09.05.2012

1243

RBI Decides to Fix Intraday Open Position Limit of the AD at Five Times the Net Overnight Open Position Limit

123-RBI/10.05.2012

1244

Exchange Earner's Foreign Currency (EEFC) Account

124-RBI/10.05.2012

1245

Export Credit of US$13mn to Mozambique for Financing of Solar Photo Voltaic Module Manufacturing Plant

125-RBI/10.05.2012

1246

India Set to Pass Thailand, Rival Vietnam as Top Rice Exporter

ABS News Service

1247

Electronic Multifunction Devices under MRP Based Assessment, Audio, Video Discs Removed from List

26-CE(NT)/10.05.2012

1248

Indo-Singapore FTA – Full Basic Customs Duty Exemption – HS 2007 Codes Replaced by New HS2012 Codes

Ntfn 33/14.05.2012

1249

Nil Duty under Indo-Singapore FTA –HS 2007 Codes Replaced by New HS2012 Codes

Ntfn 34/14.05.2012

1250

50 percent Duty of the Normal Duty under Indo-Singapore FTA - HS 2007 Codes Replaced by New HS2012 Codes

Ntfn 35/14.05.2012

1251

Sanitary Towels Import at 6.67% Duty under Indo-Singapore FTA

Ntfn 36/14.05.2012

1252

Haining Tianfu Wrap Knitting China and Manna Korea Notified under New Shippers Review in PVC Flex Provisional Assessment without Anti-dumping Duty Allowed

Ntfn 24-ADD/14.05.2012

1253

No Anti-dumping Duty on Chinese Curing Press for Bi-cycle Tyres

Ntfn 26-ADD/14.05.2012

1254

Another Five Years of Anti-dumping Duty on Dry Cell Batteries from China in Review

Ntfn 25-ADD/14.05.2012

1255

Sugar Export Authorisation by Sugar Directorate Dropped, only DGFT Registration Required

117-Ntfn(RE)/14.05.2012

1256

Sugar Contract Email Registration with DGFT Procedure – Advance Payment/LC Required

62-Pol.Cir/14.05.2012

1257

Betel Nut Import under Advance Authorisation – SION Tightened

112-PN(RE)/15.05.2012

1258

Changes in Tariff Value

Brass Scrap Up by US$64/MT

Silver Down by US$91 per kg and Gold US$34 per 10 grams

42-Cus(NT)/15.05.2012

1259

Rupee Value under Indo-USSR Deferred Payment Protocol Revised to Rs. 73.305676 from 26 April 2012

126-RBI/14.05.2012

1260

Punjab Introduced Compulsory Return for All Import and Export Consignments

Punjab Government Public Notice

1261

RBI Clarification on Foreign Investment in NBFC Sector under FDI

127-RBI/15.05.2012

1262

US Puts India, China, Pak on IPR ‘Priority Watch List’

ABS News Service

1263

Bayer Challenges India Compulsory License Ruling

ABS News Service

1264

EU, US Ink Mutual Recognition Customs Deal

ABS News Service

1265

Consensus Proves Difficult as Rio+20 Conference Approaches

ABS News Service

1266

Sugar Contract Email Registration with DGFT Procedure – Export Permitted on Cash Against Documents Basis Also

·         Validity of RC Raised to 60 Days from 30 Days

·         Quota Raised to 25,000 MT from 10,000 MT per RC

63-Pol.Cir/16.05.2012

1267

DGFT Notifies 58 SEZ Ports Codes for Online Filing Applications

64-Pol.Cir/16.05.2012

1268

Powers of Customs Officers in Cargo Handling

43-Cus(NT)/16.05.2012

1269

Capital Goods Sourced from SEZ Treated as ‘Imported Goods’ DGFT Clarification

65-Pol.Cir/18.05.2012

1270

Structural Components Used as Part of Boiler System Classifiable as Parts of Boiler under Heading 8402 and CENVAT Credit Admissible

966-CBEC/18.05.2012

1271

Anti-dumping Duty on Zinc Oxide from China Extended upto 6 May 2013

Ntfn 27-ADD/18.05.2012

1272

Dollar at 54.8845 at 12 Noon

nseindia.com

1273

Anti-dumping Duty on White Cement from UAE and Iran Extended upto 11 April 2013

Ntfn 28-ADD/21.05.2012

1274

Japanese Yen Exchange Rate Revised to 69.65 and 67.90 from 65.50 and 63.85 w.e.f. 22 May 2012

44-Cus(NT)/21.05.2012

1275

New Cuts in Open Position, F&O Limits for Banks

129-RBI/21.05.2012

1276

Forwards before 10 May to be Honoured in 50% Cut in EEFC Balance Circular

128-RBI/16.05.2012

1277

India Plays Catch-Up on Myanmar as China, S. Korea Rush In

ABS News Service

1278

FIEO Claims Rupee Depreciation Marginal for Export Growth, Outlook for Rupee Stable

FIEO Press Release dated 25th May 2012

1279

Dollar at 55.7253 at 12 Noon

nseindia.com

1280

Gold and Silver Jewellery Drawback Rates Hiked for Price

46-Cus(NT)/24.05.2012

1281

DGAD Initiates Investigation on Pentaerythritol from Saudi Arabia on Complaint by Kanoria Chemicals

F.No. 14/11/2011-DGAD dated 22nd May 2012

1282

Cotton Export to be Controlled on Actual Weight in Kg, with 170 kg Standard

03-TN/24.05.2012

1283

Dollar Exchange Rates Revised to Rs. 55.95 and Rs. 55.15 from Rs. 53.10 and Rs. 52.25 w.e.f. 25 May 2012

45-Cus(NT)/24.05.2012

1284

DGFT Clarifies that Areca Nut Restriction is to Limit Zero Duty Advance Authorisation Imports to Actual Users

Ministry of Commerce & Industry, PIB Press Release dated 25th May 2012

1285

Karaikal Seaport Notified for Export Promotion

Ntfn 37/24.05.2012

1286

Household Type Twin Door Refrigerators-Freezers at Zero Duty under Indo-Thai FTA

Customs Notification No. 38 dated 29th May 2012

1287

Safeguard Duty of 10% on Phthalic Anhydride for One Year under Final Findings

Customs Notification No. 03 (SG) dated 29th May 2012

1288

Provisional Safeguard Duty Notification on Phthalic Anhydride Rescinded

Customs Notification No. 02 (SG) dated 29th May 2012

1289

Anti-dumping Duty of US$110.72/MT Imposed on Aniline from EU for Five Years

Customs Notification No. 30 (ADD) 29th May 2012

1290

Taiwan Out of Acetone Anti-dumping Net after Review

Customs Notification No. 29 (ADD) dated 29th May 2012

1291

Dept of Revenue Notifies Service Tax (Settlement of Cases) Rules, 2012

Service Tax Notification No. 16 dated 29th May 2012

1292

Service Tax (Compounding of Offences) Rules, 2012 Notified

Service Tax Notification No. 17 dated 29th May 2012

1293

Rupee Value under Indo-USSR Deferred Payment Protocol Revised to Rs. 75.594562 per Rouble from 9 May 2012

A.P. (DIR Series) Circular No.130 dated May 25, 2012

1294

Maldives Pulses Quota of 73MTs Released

Notification No. 118 (RE-2010)/2009-2014 dated 30 May 2012

1295

Notifications Rescinded Following Adoption of Substitute Schedule Rate

Notification No. 27/2012- Central Excise dated 30 May 2012

1296

Changes in Tariff Value

·         Gold down by US$6, Silver Falls $21

·         Poppy Seeds UP by $216 and Brass Scrap Down by $92

Notification No. 47/2012 - Customs (N. T.) dated 31 May 2012

1297

Air Cargo Mumbai Launches 2 Months Drawback Clearance Drive

Public Notice No. 18/2012 dated 21 May 2012

1298

DGFT Notifies Nine More SEZ Port Codes

Policy Circular No. 66 (RE-2010) /2009-14 Dated 31ST May, 2012

1299

ID Communication in Online Reporting of ODI

A.P. (DIR Series) Circular No.131 dated 31 May 2012

1300

Rupee Declines toward a Record Low on Weakening Economic Outlook

India Trade Notes-01.06.2012

1301

More Rupee Crashes in future as FDI Inflows Stall

India Trade Notes-01.06.2012

1302

Daewoo Washing Machines Slapped with 71 percent Anti-subsidy Duty in US

India Trade Notes – 01.06.2012

1303

National Telecom Policy-2012 and Unified Licensing Regime

Source: PIB Press Release dated 31 May 2012

1304

Anand Sharma Releases New Foreign Trade Policy 2012-13

Reward Scrips can be Used to Pay Excise Duty

Highlights of Annual Supplement to FTP 2012-13.htm

Speech by Indian Commerce Minister at the Release of Annual Supplement to FTP 2009-14 on 5 June 2012.htm

Foreign Trade Policy 2009-2014 w.e.f 5 June 2012

Handbook of Procedures 2009-2014 (Vol.1) w.e.f 5 June 2012

http://dgft.gov.in

1305

Anand Sharma in Trade Policy Beautification Drive-Arun Goyal

India Trade Notes - Arun Goyal/6 June 2012

1306

DGFT Introduces e-BRC System

DGFT Public Notice No. 02 (RE-2012) / 2009-14 dated 5 June 2012

1307

New Products under FPS, VKGUY and Focus Market

DGFT Public Notice No. 3 (RE2012)/2009-14 Dated: 5th June, 2012

1308

Annual Supplement FTP 2009-2014 of 5 June 2012–Policy.htm

DGFT Notification No. 1 (RE-2012)/ 2009-2014 dated 5 June 2012

1309

Annual Supplement to FTP 2009-2014 of 5 June 2012–Procedure.htm

DGFT Public Notice No. 1 (RE-2012)/ 2009-2014 dated 5 June 2012

1310

Provisional Antidumping Duty Imposed on Digital Offset Printing Plates from China and Japan

Customs Notification No. 31/2012-Customs (ADD) dated 4 June 2012

1311

Enactment of Finance Act 2012 Changes in Service Tax – Effective from 1 June 2012

18-23-Service Tax Notification 1&5 June 2012

1312

Customs Introduces Seven More Currencies for Invoicing and Direct Conversion of Imports and Exports Value

Notification No.49/2012-Customs (N.T.) dated 7 June 2012

1313

Tariff Value of Gold Up by $30 per 10 grams

No. 48/2012-Customs (N. T.) dated 7th of June, 2012

1314

DG Safeguards Initiates Investigation on Electrical Insulators from China, Same Application filed for Anti-dumping Protection

F.No. D-22011/14/2011 dated 30th May 2012

1315

DG Safeguards Initiates Investigation on Dioctyl Phthalate Imports on Complaint of KLJ Plasticizers Plus Three

F.No. D-22011/ 13/2011 dated 23 May 2012

1316

Provisional Antidumping Duty Imposed on Plain Gypsum Plaster Board from China, Indonesia, Thai and UAE

Notification No. 32/2012-Customs (ADD) dated 7 June 2012

1317

CBEC Asks Field Formation to Defy Delhi High court Order to Clear LG Mobile consignments

CBEC Instruction F. No. 26000/1/2012-OSD(ICD) Dated 27th March, 2012

1318

New Works Contract Valuation Rules for Service Tax

Notification No. 24/2012 - Service Tax dated 6 June 2012

1319

DGFT Focuses on SMP Exports – Free Exports and Grants 5% VKGUY

DGFT Notification No 2 (RE – 2012)/2009-2014 dated 8 June 2012

 

 

DGFT Public Notice No. 4 (RE-2012)/2009-14 Dated 8 June, 2012

1320

World Bank May 2012 Commodity Prices

Worldbank.org

1321

Readymade Garments, Carpets, Shoes and Local Herbal Medicines Allowed at Zero Duty in Border Trade with China at Gunji

Notification No. 41 /2012-Customs dated 14th June, 2012

1322

Zero Duty concession to Goods Imported for the Manufacture of Man-made Made Ups Allowed

Notification No. 39/2012-Customs dated 12 June 2012

1323

Rail cum Road Vehicles are Road Vehicles Classifiable in Chapter 87

CBEC Circular No.14 / 2012 – Customs dated 11 June 2012

1324

Step Up Post Clearance Audit on Imports, says CBEC

CBEC Circular No.15/2012-Customs dated 13 June 2012

1325

Exemptions on BE and IGM Procedure for Ships

CBEC Circular No. 16 /2012-Customs dated 13 June 2012

1326

Customs Procedure for ATA Carnet Exhibition Goods

Public Notice No. 19 /2012 dated 7 June 2012

1316

World Trade Picks Up by 5 percent in Q1

www.wto.org

1327

India Exempted from Iran Oil Sanctions Following Compliance

India Trade Notes/16.06.2012

1328

Farm Bill Debate Kicks Off in US Senate

India Trade Notes/16.06.2012

1329

Russian Accession to WTO Forces Rethink on US Human Rights Approach

India Trade Notes/16.06.2012

1330

Political Wrangling Continues as Australian Carbon Tax Prepares to Take Effect

India Trade Notes/16.06.2012

1331

Counterfeit, Trademarks, and Copyright Top the Agenda at TRIPS Council

India Trade Notes/16.06.2012

1332

Nokia to Cut 10000 Jobs as Elop Tries to Stanch Losses

India Trade Notes/16.06.2012

1333

Commerce Ministry Notifies Safeguard QR Rules

Notification No. GSR 381(E), Dated 24-5-2012

1334

Corrigendum dated 15 June 2012 to 24-ADD dated 14 May 2012 – Spelling Mistake Correction

Corrigendum/15.06.2012

1335

Shea Stearine Norm for Activated Bleaching Earth of Shea Amended

05-PN(RE)/14.06.2012

1336

Tondiarpet (TNPM) ICD in Chennai Notified for Export Promotion

Ntfn 40/14.06.2012

1337

G-20 Meet Focus on Spain

ABS News Service

1338

Service Received in SEZ for Authorised Operations Exempted

40-ST/20.06.2012

1339

Exemption on Input Services for Service Exports

39-ST/20.06.2012

1340

Amendment in Works Contract

38-ST/20.06.2012

1341

Point of Taxation (Amendment) Rules, 2012

37-ST/20.06.2012

1342

Service Tax Rules Amended for New Definitions

36-ST/20.06.2012

1343

Rescinding of 32/2007 ST

35-ST/20.06.2012

1344

Rescinding of 81 Old Service Tax Notification

34-ST/20.06.2012

1345

Service Tax Exemption on Service Turnover of Rs. 10 Lakhs per Year

33-ST/20.06.2012

1346

Service Tax Exemption to Tech Park Services

32-ST/20.06.2012

1347

Service Tax Exemption on Freight Goods on Way to Port

31-ST/20.06.2012

1348

39 Services Exempted from Tax

25-ST/20.06.2012

1349

Effective Service Value for Tax Calculation

26-ST/20.06.2012

1350

Service Tax Exempted on Services Rendered to Foreign Diplomatic Mission or Consular Post in India

27-ST/20.06.2012

1351

Place of Provision of Services Rules 2012 Come into Effect from 1 July 2012

28-ST/20.06.2012

1352

Service Tax Calculation on Immovable Property

29-ST/20.06.2012

1353

Service Tax Payment Liability on Recipient of Service

30-ST/20.06.2012

1354

FM Releases Guidance Paper on Service Tax: New Approach Intended to Take Country and Economy a Step Closer to GST

Ministry of Finance, PIB Press Release dated 20th June 2012

1355

Appendices and Aayat Niryat Forms of DGFT Handbook of Procedures Notified

06-PN(RE)/20.06.2012

1356

Anti-Evasion Unit of Kolkata Excise Commissionerates Claims to nab Service Tax Evasion of Rs. 10 Lakhs by Singh Associates, Kolkata

Anit-Evasion Unit: Kolkata-I Commissionerate incident Report No. 02 dated 19th June 2012

1357

Another Five Years of Anti-dumping Duty on Pentaerythritol from EU – No Change in Duties

Ntfn 33-ADD/20.06.2012

1358

DGFT lays out e-BRC Data Uploading Procedure for Banks, Exporters and Regional Authorities

01-Pol.Cir/18.06.2012

1359

Guar Gum Drawback of 1% Withdrawn

51-Cus(NT)/15.06.2012

1360

Cenvat Credit Refund Procedures

27-CE(NT)/18.06.2012

1361

No Service Tax Leviable on CAG Audit Fees

159-ST/19.06.2012

1362

Changes in Tariff Value

Poppy Seeds Up by $1715/MT; Brass Scrap Down by $157/MT

Silver Up by $39 per kg and Gold Down by $7 per 10 gms

50-Cus(NT)/15.06.2012

1363

Rupee Rate for Customs Valuation Crashes to Rs. 56.35 on Imports w.e.f. 22 June

52-Cus(NT)/22.06.2012

1364

Cenvat Credit Rules, 2004 Amended for Services Trade

28-CE(NT)/20.06.2012

1365

Number of Remittances Raised to 30 under Money Transfer Service

132-RBI/08.06.2012

1366

New Format of FDI Annual Return & RBI by 15 July Every Year

133-RBI/20.06.2012

1367

Turkey Cotton Yarn Safeguard Against India Settled, Action to Lapse After One Year

ABS News Service

1368

China Loses “Buy American” Steel Subsidy Case at WTO

ABS News Service

1369

China on the Mat Over State Control, Subsidies, Export Restrictions and IPRs in WTO TPR

ABS News Service

1370

Debate on Third Country Yarn and Fabric US GSP to Africa

ABS News Service

1371

World Leaders Except India, China Boycott Rio+20 UNCSD Meet

ABS News Service

1372

China Starts Review of Anti-dumping Duty on Sulfamethozazole from India on Request for Extension by Local Industry

ABS News Service

1373

CBEC Amends Customs Notifications in Deemed Exports and EPCG to Align them with FTP

Ntfn 42/22.06.2012

1374

Manufacturer Exporters Allowed to Avail of ECBs for Repayment of Rupee Loans

134-RBI/25.06.2012

1375

FII Limits for Infrastructure and Govt. Securities Enhanced to $20bn

135-RBI/25.06.2012

1376

Crude Falls but Rupee Value Steady

Ministry of Petroleum & Natural Gas, PIB Press Release dated 25.06.2012

1377

Section 28AAA Word Inserted in the Notification 44-Cus(NT)/06.07.2011 and 40-Cus(NT)/02.05.2012 to Nominate Officers to Recover Duty on Licence Fraud

53-Cus(NT)/21.06.2012

1378

Commissioner Customs at Kolkata to Adjudicate DRI Case of Eastern Silk Industries

F.No. 437/32/2012-Cus. IV dated 26th June 2012

1379

North Eastern Region Exports and Sikkim Entitled for Additional 1% VKGUY and FPS Scrip

07-PN(RE)/26.06.2012

1380

RBI Revises Form-83 for Loan Registration Number for ECB w.e.f. 1 July 2012

136-RBI/26.06.2012

1381

Concerns Raised over Trade Measures by the EU, Argentina and Indonesia

ABS News Service

1382

Bank Guarantee Allowed as Substitute for Fixed Deposit for Mega Power Project Import at Concessional Duty of Customs and Excise

Ntfn 43/27.06.2012; 28-CE/27.06.2012

1383

Exim Bank Open $50mn on Zambia Credit

138-RBI/28.06.2012

1384

FEMA Updates Sectoral FDI Policy for DIPP Sectoral Policy

137-RBI/28.06.2012

1385

No Service Tax on Transportation of Passengers in First Class or an Air Conditioned Coach and also Transportation of Goods by Indian Railways Till 30 Sept. 2012

43-ST/02.07.2012

1386

Service Tax Exemption on Commission Agents of Exporters Set at 10% of Export Value

42-ST/29.06.2012

1387

Service Tax Rates for Rebate on Exports Released

41-ST/29.06.2012

1388

Service Tax Clarification – Sec 66 of FA 1994 to Cover Sec 66B

Service Tax Order No. 02 dated 29th June 2012

1389

Export of Handmade Woolen Carpets, Handicraft and Silk Items under DA Basis Banned Except against ECGC Cover or BG

05-Ntfn(RE)/02.07.2012

1390

India Extends Ban on Milk and Milk Products from China Till 23.06.2013

04-Ntfn(RE)/02.07.2012

1391

MEP on Onion Export Lifted

03-Ntfn(RE)/29.06.2012

1392

Commissioner Customs at Mumbai to Adjudicate DRI Case of Sun Tan Trading

CBEC Order – F.No. 437/15/2012-Cus.IV dated 28th June 2012

1393

Correction in Place of CC(Preventive)

54-Cus(NT)/29.06.2012

1394

Changes in Tariff Value

Brass Scrap Down by $17/MT: Poppy Seeds Steady

Silver Down by $67 per kg and Gold $17 per 10 gms

55-Cus(NT)/29.06.2012

1395

Corrigendum dated 28 June 2012 to 15-Cus(NT)/07.03.2012

Corrigendum dated 28th June 2012

1396

Seizure of 65 Kgs Illicit Opium in Neemuch by Central Bureau of Narcotics

F.No. XV(7)4/Prev/2012 dated 29th June 2012

1397

Dollar Values of Export and Import Fall in May

Ministry of Commerce & Industry, PIB Press Release dated 2nd July 2012

1398

WTO Panel on US Complaint against India for Avian Fowl Restrictions on Chicken Import

ABS News Service

1399

EU Body Rejects Counterfeiting Pact

ABS News Service

1400

US Senate Passes Farm Bill

ABS News Service

1401

US to Slap Sanctions on Russia on Human Rights Violation

ABS News Service

1402

US, EU in Pow Wow on Trade

ABS News Service

1403

US-Iran Spar in Trade War- False Flags, Weak Sanctions

ABS News Service

1404

Soda Ash Anti-dumping Duty from China, EU, Kenya, Iran, Pak, Ukraine and USA – Final Findings

34-ADD/03.07.2012

1405

Rupee Rate for Customs Valuation Rises to Rs. 54.90 on Imports w.e.f. 6 July

56-Cus(NT)/05.07.2012

1406

DGFT Allows Raw Sugar Export of 4,476 MTs to USA GSP under TRQ

09-PN(RE)/06.07.2012

1407

DGFT Allowed Time till Mid-August to Banks for Transition from Physical BRC to ‘e-BRC’

08-PN(RE)/06.07.2012

1408

MEP Dropped on Basmati Export

06-Ntfn(RE)/04.07.2012

1409

Point of Taxation Rules - Clarification

162-ST/06.07.2012

1410

Accounting Code for Payment of Service Tax under the Negative List Approach w.e.f. 1 July 2012

161-ST/06.07.2012

1411

Education Cess Ambiguity Clarified, FA 1994 Provision will Continue to Apply

160-ST/29.06.2012

1412

Motor Cars, SUVs and MUVs not Allowed Against SFIS Scrips

18-CBEC/05.07.2012

1413

Customs to Continue Verification of Reward Scrips, EDI not Operational

17-CBEC/05.07.2012

1414

TRU Service Tax Issues Guidelines on Service Tax Provisions

D.O.F.No.334/1/2012-TRU dated 29th June 2012

1415

Rupee Value under Indo-USSR Deferred Protocol Revised to Rs. 78.193501 per Rouble from 26 June 2012

02-RBI/06.07.2012

1416

Buyback of FCCBs Minimum Discount of 5% on the Accreted Value to Continue

01-RBI/05.07.2012

1417

Benchmarks for LDC Accession to WTO

ABS News Service

1418

European Parliament Rejects Anti-Counterfeiting Pact, Says TRIPS is Adequate

ABS News Service

1419

WTO Appellate Body Holds US Origin Label Illegal

ABS News Service

1420

Paraguay out of Mercosur, Venezuela at the Door

ABS News Service

1421

Switzerland is Innovation Topper

ABS News Service

1422

Zoellick Calls for Quick Trade Facilitation Deal

ABS News Service

1423

Foshan Qiangbiao and Foshan Sanshui Ceramics Seek Exemption in Vitrified Porcelain Tiles Anti-dumping Review, PA Granted

35-ADD/10.07.2012

1424

CBEC Classification on Mouse Pads – Mouse Pads are Neither Parts Nor Accessories of Computer Mouse of Heading 8471, it is Classifiable According the their Constituent Material

19-CBEC/11.07.2012

1425

Bar Coding on Drugs and Pharma Export Postponed by 6 Months

10-PN(RE)/11.07.2012

1426

CBEC Amends Customs Notifications in FPS/FMS/VKGUY and Status Holders Incentive Scrip to Align them with FTP

Ntfn 44/09.07.2012

1427

CBEC Allows Debit of Excise Duty Against FMS Duty Credit Scrip

30-CE/09.07.2012

1428

Debit of Excise Duty on Cold Chain Goods Against AIIS Duty Credit Scrip to Status Holders

31-CE/09.07.2012

1429

Excise Duty Debit against VKGUY Duty Credit Scrip

32-CE/09.07.2012

1430

Excise Duty Debit on Capital Goods against SHIS Duty Credit Scrip for Status Holders

33-CE/09.07.2012

1431

No Service Tax on Inward Remittance of Foreign Currency

163-ST/10.07.2012

1432

Service Tax Corrigendum dated 11 July 2012 to 42-ST dated 29.06.2012

Corrigendum dated 11 July 2012

1433

Service Tax Corrigendum dated 2 July 2012 to 36-ST dated 20.06.2012

Corrigendum dated 2 July 2012

1434

RBI Allows Switching of One Year Plus Currency Contracts between Banks

03-RBI/11.07.2012

1435

CBEC Seeks Suggestions on Proposed Amendments in the CESTAT Forms

Draft Cir./04.07.2012

1436

Cabinet Clears Rs. 10K Crores Electronics Manufacturing Subsidy

Ministry of Communications & Information Technology, PIB Press Release dated 12.07.2012

1437

Excise Duty Debit against FPS Duty Credit Scrip

29-CE/09.07.2012

1438

World Commodities Crash

World Bank

1439

Asean Fails to Reach Accord on South China Sea Disputes

ABS News Service

1440

U.S. Sanctions Iranian Tankers to Tighten Oil Noose

ABS News Service

1441

United Seeks Fuel Savings with $14.7 Billion Boeing Order

ABS News Service

1442

India Industrial-Output Growth Rebounds from Earlier Contraction

ABS News Service

1443

EU’s New Crisis Model Gives Spain More Time for Cuts

ABS News Service

1444

China Blocks EU, US, Japan Request for WTO Dispute Panel on Rare Earths

ABS News Service

1445

US, China Spar on Automobile Duties; Mexico-Argentina Car Deal Suspended

ABS News Service

1446

Services Liberalisation Talks Among Group of WTO Members to Enter “New Phase

ABS News Service

1447

Russian Duma Ratifies WTO Accession Accord

ABS News Service

1448

Trans-Pacific Talks Push Forward in San Diego

ABS News Service

1449

Farm Bill Discussions Kick Off in US House of Representatives

ABS News Service

1450

Slower Foreign Investment Growth Expected in 2012: UNCTAD Reports

ABS News Service

1451

Sugar Zero Duty Goes, 10% Duty from 13 July

Flat Rolled Alloy Steel Duty Hiked to 7.5% from 5%

Ntfn 45/13.07.2012

1452

Changes in Tariff Value, Gold and Silver Steady

58-Cus(NT)/13.07.2012

1453

Rupee Value under Indo-USSR Deferred Payment Protocol Raised to Rs. 75.816175 w.e.f. 6 July 2012

06-RBI/13.07.2012

1454

RBI Revises A-2 Form for Sending Remittances Abroad and List of Purpose Codes

05-RBI/12.07.2012

1455

Only Soft Single Return for NR Deposits

04-RBI/12.07.2012

1456

NEFT to Charge Rs. 5 for Transfers upto Rs. 1 Lakh

RBI Circular/13.07.2012

1457

Asean Splits between US and China over South China Sea

ABS News Service

1458

World Exports of Commercial Services Up by 3% in the First Quarter of 2012

ABS News Service

1459

Obama Slaps Sanctions on Iran Tanker Co

ABS News Service

1460

Oil Trades Near Seven-Week High on Iran, Stockpiles

ABS News Service

1461

Rupee Rate for Customs Valuation Rises to Rs. 55.50 on Imports w.e.f. 20 July

61-Cus(NT)/19.07.2012

1462

Anti-dumping Duty on Acetone from EU, USA, South Africa and Singapore Extended upto 18 June 2013 After a Review

37-ADD/19.07.2012

1463

Anti-dumping Duty Imposed on Grinding Media Balls from China and Taiwan on 16 July, 2012

36-ADD/16.07.2012

1464

Anti-dumping Investigation on Sodium Perchlorate from China on Sole Manufacturer Complaint

F.No. 14/10/2012-DGAD dated 27th June 2012

1465

Meta Phenylene Diamine from China under Anti-dumping Investigation on Complaint of Aarti Industry Mumbai, Sole Manufacturer

F.No.14/4/2012-DGAD dated 19th June 2012

1466

Jindal Files for Safeguard Duty on Stainless Steel HR Flats

F.No. D-22011/06/2012 dated 26th June 2012

1467

India Defreezes Tariff Value of Refined Palm Oil, Duty on Market Value to Raise Price

Cabinet Committee on Economic Affairs, PIB Press Release dated 20th July 2012

1468

Apple, Google’s Motorola Unit Each Appeal Patent Rulings

ABS News Service

1469

China Retaliates with Anti-dumping Action on US Polysilicon

ABS News Service

1470

Amendments in ITC (HS) 2012 Import Schedule to Incorporate Finance Bill, 2012 Changes

07-Ntfn(RE)/23.07.2012

1471

Delay in Tourist Vehicle Registration under EPCG to be Regularised

02-Pol.Cir/19.07.2012

1472

Resident Foreign Currency Accounts (RFCA) can Retain 100 percent of Foreign Earning in EEFC Account

08-RBI/18.07.2012

1473

QFIs Investment in Corporate Debt

07-RBI/16.07.2012

1474

Amendments in EPCG Scheme Provisions

·         Catalyst Import under EPCG Curtailed

·         Post Export EPCG Duty Payment Only in Cash

08-Ntfn(RE)/26.07.2012

1475

CBEC Clarifications on FTP Changes Issued on 5 June 2012

20-CBEC/27.07.2012

1476

Amendments in Handbook of Procedures

·         Reward Scrips Validity Cut to 18 months from 24 months

·         Declaration of Reward Scrip Benefit under Chapter 3 of FTP Must for Claiming Incentives

·         Retrospective Declaration Possible for One Month only in Case of Policy Change

·         Excess Imports under EPCG upto 10% of Duty Saved Amount of Authorization Allowed

12-PN(RE)/26.07.2012

1477

FISME Branches at Bangaluru and Hyderabad Authorised for Issuing Certificate of Origin (Non Preferential)

11-PN(RE)/26.07.2012

1478

Procedure for Revoking Courier Registration under Regulation 13 of Courier Imports and Exports

65-Cus(NT)/26.07.2012

1479

Export Credit of US$47mn to Ethiopia

10-RBI/24.07.2012

1480

Export Credit of US$250mn to Nepal

09-RBI/24.07.2012

1481

CBEC Releases Postage Stamp to Celebrate 50 years of Customs Act

Ministry of Finance, PIB Press Release dated 26th July 2012

1482

The Price of 154 Drug Formulations Revised by NPPA

Ministry of Chemicals and Fertilizers, PIB Press Release dated 24 July 2012

1483

Oil Rises again, Euro will Survive

ABS News Service

1484

China Exports Fall by 20-30 percent

ABS News Service

1485

China Floods Steel Market

ABS News Service

1486

DGAD Initiates Investigation on 4, 4 Diamini Stilbene 2, 2 Disulphonic Acid (DASDA) from China on Complaint of Major Producer Deepak Nitrite

F.No. 14/1/2012-DGAD dated 26th July 2012

1487

DG Safeguards Slaps Stiff 30% Duty on Carbon Black from China

GSRD-2011/12/2011 dated 31st July 2012

1488

General Note for Fuel in Handbook of Procedures Amended to Harmonise with SION Entry C-593

13-PN(RE)/30.07.2012

1489

CBEC Asks Customs to give Wide Meaning to “Sports Goods” for Duty Free Import for National or International Matches

21-CBEC/01.08.2012

1490

Rupee Rate for Customs Valuation Falls to Rs. 55.85 on Imports w.e.f. 2 August

67-Cus(NT)/01.08.2012

1491

RBD Palmolein Tariff Value Up by US$569/MT

Tariff Value on Gold and Silver Hiked

66-Cus(NT)/31.07.2012

1492

Draft Service Tax Circular on Staff Benefits and Employment Transactions

Service Tax Draft Circular dated 27th July 2012

1493

FDI from Pakistan Allowed under Government Route

PIB Press Note (Ministry of Commerce & Industry) dated 1st August 2012

1494

No Reckoning of Downstream Investment by FDI Banking Co.

PIB Press Note (Ministry of Commerce & Industry) dated 1st August 2012

1495

India Signs Tax Information Exchange Agreement with Monaco

PIB Press Release (Ministry of Finance) dated 1st August 2012

1496

MOEF Rebuts Claim of Environment Hurdles Blocking Projects

PIB Press Release dated (Ministry of Environment and Forests) 1st August 2012

1497

Iran Loses $133mn a Day on Embargo as Oil Buoys Obama

ABS News Service

1498

GoI Offers Sovereign Guarantee to Iran Oil Insurers

ABS News Service

1499

Parveen Mahajan Takes over as Acting Chairman of CBEC, S.K. Goel Retires

Message from S.K. Goel at Retirement

1500

Consumer Packs of Branded Oil Export Prohibited, 10,000 tons Window Closed

09-Ntfn(RE/01.08.2012

1501

RBI Allows Exporters to Cancel and Rebook Forex Forward Contract to the Extent of 25 percent of Contracts for Hedging Contracted Export Exposures

13-RBI /31.07.2012

1502

RBI Gives Respite to EEFC Accounts, Full Credit Allowed subject to Rupee Conversion in One Month

12-RBI /31.07.2012

1503

No Going Back on Compounding Procedure in Forex Violation, says RBI

11-RBI /31.07.2012

1504

Anti-dumping Duty on Hexamine from Russia and Saudi Arabia Extended upto 24 July 2013 for Review

38-ADD/06.08.2012

1505

24x7 Customs Clearance Operations Limited Bases on Major ACCs and Seaports

22-CBEC/07.08.2012

1506

Service Tax Exempted on Slaughtering of All Animals

44-ST/07.08.2012

1507

Service Tax Applicable on Security Services

45-ST/07.08.2012

1508

Amendments in Service Tax Rules 1994

46-ST/07.08.2012

1509

FIEO President for Continuation of Open Imports of Capital Goods Inspite of Domestic Loss Pressure

FIEO Press Release dated 9th August 2012

1510

24X7 Customs Operation a great help to Exporters: FIEO

FIEO Press Release dated 8th August 2012

1511

Commodity Prices Rebound in July

World Bank

1512

Additional Raw Materials of PP/LLDPE Granules, PE Liner and Packing Materials for Flexible Intermediate Bulk Containers SION

14-PN(RE)/09.08.2012

1513

Export Credit of US$40.32mn to Chad

14-RBI/13.08.2012

1514

Pak in Barter Deal with Iran, Offers $300 per tonne Wheat for Urea

ABS News Service

1515

Iran Loses $100mn a Day as US Sanctions Hit Exports

ABS News Service

1516

Oil Advances on U.S. Economic Outlook

ABS News Service

1517

Iraq Pushes Oil Production Pact Iran and Kuwait

ABS News Service

1518

Daya Shankar Dies of Blood Cancer in Melbourne

ABS News Service

1519

Vanuatu in South Pacific to Joint WTO on 24 August

ABS News Service

1520

Indonesia Challenges EU on Edible Oil at WTO

ABS News Service

1521

Next WTO Ministerial in Bali in December 2013

ABS News Service

1522

Dollar Rises as Global Slump Spurs Safety Demand

ABS News Service

1523

NAM Summit in Tehran August 26 - 31

ABS News Service

1524

Russia says United States Resorting to "Overt Blackmail"

ABS News Service

1525

All Fertilisers Including Urea, DAP Slapped 1% CVD

Local Manufacture Exempt, Measure Violates WTO and also CTA, 1975

Ntfn 46/17.08.2012

1526

Praveen Mahajan Appointed as Chairperson of CBEC

ABS News Service

1527

Areca Nuts Minimum Import Price Enhanced to Rs. 75/- from Rs. 35/-

10-Ntfn(RE)/14.08.2012

1528

Rupee Rate for Customs Valuation Falls to Rs. 55.95 on Imports w.e.f. 17 August 2012

75-Cus(NT)/16.08.2012

1529

RBD Palmolein Tariff Value Down by US$31/MT

Tariff Value on Gold and Silver Up Marginally

74-Cus(NT)/14.08.2012

1530

Checklist for Application of Advance Authorisation

07-TN/26.07.2012

1531

Checklist for Application of DFIA

08-TN/26.07.2012

1532

Check List for Modification of Details in Existing IEC Number (Proprietorship Firm)

09-TN/26.07.2012

1533

Check List for Modification of Details in Existing IEC Number (Companies)

10-TN/26.07.2012

1534

Check List for Modification of Details in Existing IEC Number

11-TN/26.07.2012

1535

Check List for Modification of Details in Existing IEC Number (Partnership Firm)

12-TN/26.07.2012

1536

India Cuts Pak Sensitive List by 30%, Tariff to Fall to 5% in 3 years

PIB (MoC&I) Press Release dated 18 August 2012

1537

Quota Raised to 6 lakh tonnes in Marble Policy 2012-13

12-Ntfn(RE)/22.08.2012

1538

Five More Laboratories Notified for Certification/Grading of Diamonds of 0.25 Carats and Above

11-Ntfn(RE)/22.08.2012

1539

Delhi Ombudsman Starts Functioning from Chanakyapuri Residence, Complaints only After Grievance Procedure Fails

Indirect Tax Ombudsman Public Notice No. 01 dated 21st August 2012

1540

Russia Joins WTO, Binds Tariffs at 7.8%

ABS News Service

1541

Ban to Attend Tehran NAM Summit – India and Egypt PMs to Join in

ABS News Service

1542

Zero Duty on Oil Cake/Oil Cake Meal Import upto 1 April 2013

Ntfn 47/21.08.2012

1543

Corrigendum dated 24 August 2012 to Ntfn 47 dated 21.08.2012

Corrigendum dated 24 August 2012

1544

Five Percent Weight Fall in Sugar Exports Allowed for Contract Registration

03-Pol.Cir/23.08.2012

1545

Anti-dumping Duty on Nonyl Phenol Extended upto 21 August 2013 in Review

39-ADD/24.08.2012

1546

Board Instructions for Early Investigation for Disposal of Unclaimed Motor Cars and Negative List Goods under Sec. 48 of CA, 1962

[Ref: F.No.442/12/2004-Cus.IV (Pt.) dated 28th August 2012]

1547

Vocational Education Course (VEC) Excluded from Service Tax

164-ST/28.08.2012

1548

RBI Renews Money Laundering Instructions

17-RBI/23.08.2012

1549

FATF Advisory dated 22 June 2012

18-RBI-23.08.2012

1550

RBI Allows Pak Citizens to Purchase Shares under FDI with Prior Approval from FIPB

16-RBI/22.08.2012

1551

RBI Inserts Clause on Annual Performance Report Clause in Overseas Direct Investment Form

15-RBI/21.08.2012

1552

Rs. 46 Lakh Gold Coins Excise Evasion by ICICI

Bank Pays up to Avoid Prosecution

Incident Report No. 03 dated 23rd August 2012

1553

Tehran Summit Takes Aim at US, West

India PM Manmohan Attends

ABS News Service

1554

US Challenges Argentina Trade Restrictions, Mexico Joins in

ABS News Service

1555

Apple Wins 6 out 7 Patent Suits against Samsung Infringement

Injunctions against Phones on the Anvil

ABS News Service

1556

Swiss National Bank’s Jordan Wonders how to Spend $380bn Pile

ABS News Service

1557

CBEC Clarifies 1% CVD on Imported Fertilizers

23-CBEC/30.08.2012

1558

Another Five Years of Anti-dumping Duty on Metronidazole from China

40-ADD/30.08.2012

1559

Correct Reference Date of Policy Circular 2 is 14.06.2006

04-Pol.Cir/30.08.2012

1560

Night Vision Binoculars and Passive Night Vision Devices Import Restricted, Import Authorization Required

15-Ntfn(RE)/29.08.2012

1561

Silk Garments, Made ups Fabrics and Accessories Export Ban in DA Basis Withdrawn

Handicraft Items Export Ban on DA will be Effective from 1 Jan ‘13

14-Ntfn(RE)/28.08.2012

1562

EU Treated as Single Market for Vehicle Import Manufacturer Declaration

13-Ntfn(RE)/28.08.2012

1563

RBI Allows a Limited Two Way Fungibility for IDRs

19-RBI/28.08.2012

1564

NR Guarantee for Non Fund Transactions

20-RBI/29.08.2012

1565

E-payment Compulsory on Bills of Entries above Rs. 1 Lakh Duty

24-CBEC/05.09.2012

1566

Hazardous Substances Checks before Anchoring and Beaching Approvals for Ship Breaking

F.No. 405/2/2001-Cus.III dated 4th September 2012

1567

Gold and Silver Tariff Value Up by $13 per 10 gms and $83/kg Respectively

Tariff Value on Poppy Seeds ($178/MT), Brass Scrap ($53/MT) and RBD Palmolein ($8/MT) Down

79-Cus(NT)/31.08.2012

1568

Export Credit of US$39.69mn to Central African Republic

23-RBI/31.08.2012

1569

Export Credit of US$20mn to Central African Republic

22-RBI/31.08.2012

1570

RBI Allows Hedging to QFIs on Permissible Investments

21-RBI/31.08.2012

1571

NAM Backs Assad in Syria

ABS News Service

1572

Key Conclusions of NAM Summit

ABS News Service

1573

NAM from Bandung in 1955 to Tehran 2012, a 120 Members Body Today

ABS News Service

1574

Samsung Scores Over Apple in Patent Dual at Tokyo

ABS News Service

1575

MoF Notifies Advance Price Agreement (APA) Scheme

ABS News Service

1576

India Plans ASEAN Meet in December at Delhi

ABS News Service

1577

CBEC Asks for Check on Water and Electricity Bills for EPCG Machine Installation

25-CBEC/06.09.2012

1578

Amendments and Corrections in FPS and VKGUY Schemes

16-PN(RE)/06.09.2012

1579

Spelling Mistake Correction in the Import Item “Hydrocal Cement”

15-PN(RE)/06.09.2012

1580

Rupee Rate for Customs Valuation Falls to Rs. 56.20 on Imports w.e.f. 7 September 2012

80-Cus(NT)/06.09.2012

1581

Pak Duties under SAFTA Revised

·         Fixed Vegetable Fats (1515), Margarine (1517), Cotton Seed Oils, Groundnut Oils (1516), Raw Sugar (1701), Silk (Ch. 50) at 8%

·         Cotton Waste, Woven Fabrics and Textile Materials Raised to 8% from 6%

·         Negative List Cut to 614 from 878

·         No Change in ISFTA on Zero Duty

Ntfn 48/06.09.2012

1582

Export Credit of US$20mn to Mongolia

24-RBI/06.09.2012

1583

Energy Rises but Commodities Fall

World Bank Commodity Prices

1584

China Imports Unexpectedly Drop as Exports Rise Less than 3%

ABS News Service

1585

Only 111 Mega Power Projects to be Listed under Project Imports Till 19 July 2012

Ntfn 49/10.09.2012

1586

7 Ultra Mega Power Projects and 106 Mega Power Projects Get Import Duty Relief

The Hindu Business Line dated 11 September 2012

1587

Excise Hiked on Diesel to Rs. 1.46 per litre from Nil

Petrol Excise Cut to Rs. 1.20 per litre from Rs. 6.35 per litre

Notification No.35/2012 –Central Excise dated 14th September, 2012

1588

Excise Exemption for Only 111 Mega Power Projects Listed under Project Imports Till 19 July 2012

[Ref: 34-Central Excise dated 10 September 2012]

1589

Zero Duty for Parts and Components after Repair of Aircraft in SEZs Cleared into DTA for Return to Owner

Notification No. 52 /2012-Customs dated 13th September, 2012

1590

Robbin Elastic, High Density Sticker, Water Soluble Lining, Textile Flowers at Zero Duty for Textile and Leather Garment Manufacturers

Gold Findings Import Allowed at 4% Duty

Notification No. 51 / 2012 – Customs dated 13 September, 2012

1591

Anti-dumping Duty on Ductile Iron Pipes from China Extended upto 12 Sept. 2013 in Review

Notification No. 41/2012-Customs (ADD) dated 13 September 2012

1592

Rough Marble Quota Allocation – Deficient Applications Rejected

DGFT Issues 449 Marble quota Allottees List

DGFT Trade Notice No. 04/2012, dated 14 September 2012

1593

CBEC Clarifies but Cenvat Credit can be used for Payment of Any Excise Duty

CBEC Draft Circular dated 10 September 2012

1594

Irungattukottai ICD in Tamil Nadu Notified for Export Promotion

Notification No. 50 / 2012 – Customs dated 10 September 2012

1595

Hedging of Forex Loans against FCNR Allowed

30-RBI/12.09.2012

1596

Annual Performance Report (APR) in Form ODI Part III to be Submitted by Indian Party to AD

29-RBI/12.09.2012

1597

RBI Allows Import Credits upto 5 years for Infrastructure Sectors

28-RBI/11.09.2012

1598

RBI Allows Refinance of Bridge Finance for Infrastructure Sectors with an ECB under Automatic Route

27-RBI/11.09.2012

1599

ECB Limit Raised to 75% of Forex Earning in Last Three years

26-RBI/11.09.2012

1600

Excise Evasion of Rs. 4.50 crs in Gold and Silver Coins by Muthoot Precious Metals Corp Alleged

C. No.-V(19)2/HQAE/KOL-1/2010/Pt.1/ Dated 7 September 2012

1601

Mandatory E-payment of Customs Duty of Rs. 1 lakh and above w.e.f 17 Sept. 2012

83-Cus(NT)/17.09.2012

1602

Tariff Value Changes

RBD Palmolein Tariff Value Hiked by US$28 per MT

Gold and Silver Up by US$23.50 per 10 gms and US$106 per kg

Brass Scrap and Poppy Seeds Down

81-Cus(NT)/14.09.2012

1603

Four Firms under Scrutiny on Marble Quota Allocation

RA will not Issue Import Licences Until Clearance from DGFT

05-TN/17.09.2012

1604

Kattupalli Port in Tamil Nadu Notified for Unloading and Loading Goods

82-Cus(NT)/14.09.2012

1605

Zero Customs on LPG and Kerosene Imported by IOC, HPCL or BPIL for Supply to Household Domestic Consumers

Notification No. 55/ 2012 – Customs dated 18 September 2012

1606

Zero Excise on LPG and Kerosene Imported by IOC, HPCL or BPIL for Supply to Household Domestic Consumers

Notification No.36 /2012 –Central Excise dated 18 September 2012

1607

Customs Duty on Maize Bran Slashed to Nil from 30%

Notification No. 54/2012-Customs dated 17 September 2012

1608

Rejected Goods Re-import at Zero Duty in EOU Allowed

Notification No.  53/2012-Customs dated 13 September 2012

1609

Rupee Rates for Customs Valuation Gains to s. 54.75 on Imports w.e.f. 21 September 2012

Notification No. 84/2012-Customs (N.T.) dated 20 September, 2012

1610

Pending Cases for Clubbing of Advance Authorization Filed before 31 March 2012 should be Disposed as per Old Handbook Provision

Policy Circular No. 05(RE-2012)/2009-14 Dated 21 September 2012

1611

Amendments in Chemical and Plastic Product SION

DGFT Public Notice No. 17/(RE-2012)/2009-2014 dated 20 September 2012

1612

RBI OK Must for Foreign NGOs Operating in India

A. P. (DIR Series) Circular No. 31 dated 17 September 2012

1613

Cabinet Decisions on FDI in Single Brand Retail, Multi Brand Retail, Civil Aviation, Broadcasting Sector and Power Exchanges Notified

PIB (MoC&I) Press Release dated 20 September 2012

1614

Cabinet Approves National Policy on Information Technology 2012

PIB Press Release dated 20 September 2012

1615

Anti-dumping Duty Imposed on Fibre, Laminated Boards from China, Indonesia, Malaysia and Sri Lanka

43-ADD/21.09.2012

1616

Anti-dumping Duty on Paracetamol from China Extended upto 2nd Sept 2013 in Review

42-ADD/19.09.2012

1617

Trade Credit Including Usance Period of LCs Opened for Import of Gold in Any Form Including Jewellery should not Exceed 90 Days from Date of Shipment

34-RBI/24.09.2012

1618

Monthly Limit of Rs. 50,000 on Forex Release Against Cash

33-RBI/24.09.2012

1619

RBI Issues Circular on Amendments to the FDI Policy

32-RBI/21.09.2012

1620

WTO Says World Trade Growth Falls to 2.5% in 2012

ABS News Service

1621

BIS Registration on 15 Electronic Products Must - DeitY Issues IT Order

ABS News Service

1622

Govt Bans Correction Fluids and Thinners Production and Sale – Use in Devices Allowed

PIB (MoH&FW) Press Note dated 19 September 2012

1623

Union Cabinet Extends Control by Essential Commodity Act on Pulses and Edible Oils for One Year

ABS News Service

1624

G-20 Agree More Government Action Needed for World Recovery

ABS News Service

1625

Pork Supply Shrinks to Lowest Since 1975 on Drought: Commodities

ABS News Service

1626

EU Calls on Russia to Live up to WTO Commitments

ABS News Service

1627

Anti-dumping Duty on PS Plates for Printing from China Extended upto 23 September 2013 in Review

Bulgaria, Malaysia, Singapore and South Korea out of PS Plates for Printing anti-dumping Net after Review

44-ADD/25.09.2012

1628

Marble Import under ISFTA from All EDI Ports Allowed

16-Ntfn(RE)/26.09.2012

1629

Addl DGFT Mumbai Issues Check List for Revalidation of Advance Authorisation

15-TN/20.09.2012

1630

Check List for Invalidation/ARO of Advance Authorisation

14-TN/18.09.2012

1631

Check List for Bond Redemption/Export Obligation of Advance Authorisation

13-TN/18.09.2012

1632

Power of Customs and Excise Officers Jurisdiction Notified

85-Cus(NT)/26.09.2012

1633

Zero Duty on All Goods other than Negative List for LDCs under WTO Special Window

Ntfn 56/01.10.2012

1634

Anti-dumping Duty on Phosphoric Acid, Food Grade from China Extended upto 12 September 2013

45-ADD/25.09.2012

1635

All Central and State PSUs Exempt from Furnishing BG for Storing Sensitive Goods in the Duty Free Shops Operated by Pvt. Companies

26-CBEC/10.09.2012

1636

Revised Application Form ANF 2D for Restricted Items Export Licence

Application Fee Waived

18-PN(RE)/28.09.2012

1637

Tariff Value on RBD Palmolein Slashed by US$30/MT

Brass Scrap Tariff Value Up by US$107/MT and Gold Up by US$10 per 10 gms

90-Cus(NT)/28.09.2012

1638

Half Yearly Service Tax Return (ST-3) to be Submitted by 25 Oct, 2012

47-ST/28.09.2012

1639

Rupee Value under Indo-USSR Deferred Payment Protocol Revised to Rs. 78.105433 w.e.f. 17 September 2012

37-RBI/26.09.2012

1640

NRI to Invest only at Face Value of Shares when Subscribing to Memorandum of Association

36-RBI/26.09.2012

1641

Reporting Requirements of Foreign Project Offices in India

35-RBI/25.09.2012

1642

Cotton Exports Registration Continued in New Notification w.e.f. 1 October 2012

17-Ntfn(RE)/01.10.2012

1643

Assam Comilla Cotton Exempted from Export Restriction upto 5000 Bales

RC will be Valid for 30 Days

18-Ntfn(RE)/01.10.2012

1644

First Half Yearly Return Filing of ST-3 only for a Period for 1 April to 30 June 2012

Service Tax Instruction dated 28th September 2012

1645

14 Pre-Shipment Inspection Agencies Enlisted as PSIA

20-PN(RE)/01.10.2012

1646

New Contact Details of IEEMA

19-PN(RE)/28.09.2012

1647

Rupee Value under Indo-USSR Deferred Payment Protocol Revised to Rs. 75.037184 w.e.f. 27 September 2012

38-RBI/04.10.2012

1648

No Service Tax Rail Movement of Relief Materials and Other Exempt Goods

PIB (Ministry of Railways) Press Release dated 3rd October 2012

1649

India and Austria Sign Agreement on Technology Cooperation in the Shipping and Ports Infrastructure Sector

PIB (Planning Commission) Press Release dated 3rd October 2012

1650

Metals and Energy Rises but Edible Oils Fall

World Bank Pink Sheet

1651

CBEC Clarifications on Duty Drawback 2012-13 Amendments – Effective from 10 October 2012

27-CBEC/05.10.2012

1652

Customs, Central Excise Duties and Service Tax Drawback Rules, 1995 – General Notes and Conditions

92-Cus(NT)/04.10.2012

1653

Rupee Rate for Customs Valuation Gains to Rs. 52.85 on Imports w.e.f. 5 October 2012

91-Cus(NT)/04.10.2012

1654

Anti-dumping Duty Imposed on CR Flat Products of Stainless Steel 400 Series from EU Korea and USA

46-ADD/04.10.2012

1655

Poppy Seeds Imports Allowed from 6 More Countries

No Certificate from International Narcotics Control Bureau Required

19-Ntfn(RE)/05.10.2012

1656

Safeguard Duty of 30% Imposed on Carbon Black from China

04-SG/05.10.2012

1657

China Red Phosphorous Anti-dumping Initiated after Safeguard Investigation Falls

F.No.14/12/2012-DGAD dated 28th September 2012

1658

Another Five Years of Anti-dumping Duty on Bias Tyres from China and Thailand

47-ADD/08.10.2012

1659

Anti-dumping Duty Imposed on Melamine from EU, Iran, Indonesia and Japan

48-ADD/08.10.2012

1660

DGFT Issues Guidelines for e-BRC System

06-Pol.Cir/10.10.2012

1661

One Lakh MT Marble Quota Allocation for Indian Companies Investing in Mining Abroad

20-Ntfn(RE)/09.10.2012

1662

Amendments for Value Declarations of Freight, Insurance and Commission in Aayat Niryat Forms for e-BRC Facilitation

21-PN(RE)/09.10.2012

1663

South African Rand Exchange Rate Revised to Rs. 6.10 from Rs. 6.45 w.e.f. 10 October 2012

93-Cus(NT)/09.10.2012

1664

IMF Forecasts GDP Fall in India to 4.9% in 2012, Call for High Interest Rates

ABS News Service

1665

G-20 Presents TRQ Proposal at WTO

ABS News Service

1666

US Subsidies Fall Due to High Prices

ABS News Service

1667

Booming Feed Price Push up Milk, Cow Slaughter Rises in US

ABS News Service

1668

Trade Facilitation Moves On at WTO

ABS News Service

1669

Race for WTO DG Kicks Off on 1 Dec, New Zealander Groser Throws in Hat

ABS News Service

1670

Cost Accountants can also Certify Export Documents

22-PN(RE)/11.10.2012

1671

New ITC(HS) Book Updated for Amendments Already Issued

22-Ntfn(RE)/11.10.2012

1672

ITC(HS) Amendments to Come into Retrospective Effect from 17 March 2012

21-Ntfn(RE)/11.10.2012

1673

Zero Excise on DVD-ROMs Containing Books and Periodicals

37-CE/11.10.2012

1674

Corrigendum dated 11 October 2012 to Ntfn 46(ADD)/04.10.2012 – Anti-dumping Duty on CR Flat Products of Stainless Steel Corrected to State Minimum Price Instead of Specific Duty

Corrigendum dated 11 October 2012

1675

Corrigendum dated 10 October 2012 to 93-Cus(NT)/09.10.2012 – South African Rand Exchange Rate for Exports Changes w.e.f. 10.10.2012

Corrigendum dated 10th October 2012

1676

Factory Stuffing Permission for the Rail Terminal at Navkar Corporation Sewri and Vashi CFS on MOT Basis

55-PN/09.10.2012

1677

Loan Against NRE/FCNR(B) Fixed Deposits Allowed to Depositor/Third Party without any Ceiling Subject to Usual Margin Requirements

44-RBI/12.10.2012

1678

FIU Checks on Suspicious Transactions thru FINnet Gateway in ‘Test Mode’ from 31 August 2012

43-RBI/12.10.2012

1679

Authorised Persons Required to Continue Submit Suspicious Transaction Reports (STR) in CD Till Further Notice

42-RBI/12.10.2012

1680

RBI Amends Circular on Liberalisation of Downstream NBFCs

41-RBI/10.10.2012

1681

Libor Plus Ceiling at 350 bps for ECB Continue to be Applicable Till Further Review

40-RBI/09.10.2012

1682

Ceiling Interest Rate on Import Credits to Continue Till Further Review

39-RBI/09.10.2012

1683

Former DGFT Dr. P.L Sanjeev Reddy No More

ABS News Service

1684

No Exemption on Re-export of Advance Licence Goods – Notification does not Provide for the Benefits

Madras High Court Judgment dated 21st November 2011

1685

Refund of Excess Fine and Penalty is a Matter of Right under Section 27 CA, 1962

Ernakulam High Court Judgment dated 24th September 2009

1686

Americans Cut Spending on Consumer Goods by 40% in Last 20 Years

But Quantity Rises 65% as Prices Drop

2011: 66 garments, 7.3 pairs of shoes

1991: 40 garments, 5.4 pairs of shoes

ABS News Service

1687

Rangarajan Recommends Decontrol of Sugar

PIB Press (PMO) Release dated 12 October 2012

1688

Rupee May Rise to 50

ABS News Service

1689

Iran Blinks on Uranium, Nov Oil Drops to $90

ABS News Service

1690

MRP of Urea Up by Rs. 50 PMT to Incentivise Retail, Dealer to give SMS Acknowledgement of Fertilizer Receipt

PIB Press Release dated 11 October 2012

1691

Dollar Exports Down by 10.78% in September 2012, Imports Gain 5%

India’s Foreign Trade: September, 2012

ABS News Service

1692

Reduction in Interest Rate can be stimulus to export growth: FIEO Chief

ABS News Service

1693

Dr P.L. Sanjeev Reddy cremated on 16 October. Memorial meeting to be held on 25th October at Hyderabad

ABS News Service

1694

India Bangladesh Trade through Border Haat

Trade Goods without Exchange Control Notified, Purchase Limit of $100 per day per Individual Specified

23-PN(RE)/15.10.2012

1695

NRAI given Self Certification Powers for Arms and Ammunitions Imports by Sports Persons

23-Ntfn(RE)/16.10.2012

1696

Last Date for ST-3 Return Filing for Q1 Extended to 25 November 2012 Pending Issue of New Form

03-ST Order/15.10.2012

1697

Tariff Value of RBD Palmolein Cut by US$119/MT

94-Cus(NT)/15.10.2012

1698

Addl. DGFT Mumbai Issues Check List for DFIA Redemption Case

17-TN/04.10.2012

1699

Check List for Clubbing and Redemption of Advance Authorisation

16-TN/04.10.2012

1700

Copper Based Pre-alloyed Powder R-800 SION Notified

24-PN(RE)/18.10.2012

1701

Rupee Rises to Rs. 53.20 for Customs Valuation on Imports w.e.f. 19 October 2012

95-Cus(NT)/18.10.2012

1702

Amendments in Central Excise Act, 1944

29-CE(NT)/10.10.2012

1703

Reliance, DCW and Others Complain of Dumping of PVC Suspension Grade Resin from EU and Mexico

China, Taiwan, Indonesia, Japan, Korea, Malaysia, Thailand and USA Already in Duty Net w.e.f 23.01.2008

DGAD Initiation Notification No.14/1012/2012-DGAD  dated 5 October 2012

1704

Anti-dumping Investigation on Persulphates from Taiwan, Turkey and USA Initiated

Ref: DGAD Initiation Notification No.14/9/2012-DGAD dated 28 September 2012

1705

Corrigendum dated 18 October 2012 to Ntfn 43-ADD/21.09.2012 - Moulded Door Skin Excluded from Item Description of the Anti-dumping Duty Notification

Corrigendum dated 18 October, 2012

1706

Submission of Physical Copy of RCMC by Exporters not Required from 1 Dec 2012

DGFT will Use Softcopy Uploaded from Council website

DGFT Public Notice No.25 (RE-2012)/2009-2014 dated 19 October 2012

1707

Edible Oil Export Ban Extended Indefinitely

DGFT Notification No 24 (RE – 2012)/2009-2014 dated 19 October 2012

1708

Zero Customs Duty for Long Range Surface to Air Missile (LR-SAM) Programme of Ministry of Deference

DoR Notification 57/2012-Customs dated 18 October 2012

1709

Zero Excise Duty for Long Range Surface to Air Missile (LR-SAM) Programme of Ministry of Deference

DoR Notification No. 38/2012-Central Excise dated 18 October 2012

1710

Five New Pre Shipment Inspection Agencies (PSIA) Notified

DGFT Public Notice No.27(RE:2012)/2009-2014 dated 19th October 2012

1711

Aluminium Beverage Cans SION Notified

Public Notice No: 26 (RE: 2012)/2009-2014 dated 19 October 2012

1712

DEPB Purchased on Fraudulent TRA - Purchaser Liable to Customs Duty as well as Interest - Customs Mistake in Debiting DEPB cannot be Encashed by Purchaser

Cus. Appeal No. 1 of 2011 decided on 10 April 2012

1713

Goods Imported without IE Code may not be Classified as Prohibited and Slapped with Confiscation Order

Final Order No. 230/2012 dated 30 March 2012 in Appeal No. C/182/2009

1714

Rusted and Damaged Rolls are Scrap and must be Assessed in which Condition it Imported

Final Order No. C/A/176/2012-Cus (PB) dated 8 June 2012 in Appeal No. C/771/2007

1715

Heading 7610 Covers Aluminium Structures,  Panels bearing the trade name Alpolic is composed of metal skins, a core and surface finish preparing and using in structures not classified in Heading 7606

Stay Order No. 246/2012 dated 2 May 2012 in Application No. C/Stay/287/2011 in Appeal No. C/393/2011

1716

Conversion of Shipping Bill to DEPB is the Prerogative of customs and DGFT Direction on this has no Effect

Final Order Nos. A/375-377/2012-WZB/AHD dated 21 March 2012 in Appeal Nos. C/144-146/2009

1717

Customs cannot Increase Value of Old and Used Computer Parts since there cannot be an Identical or Similar Goods – Consideration paid to the Supplier Abroad is the only Base for Valuation Transaction Value will Prevail

Final Order No. C/A/135/2012(PB) dated 15 May 2012 in Appeal No. C/454/2008

1718

All Large Software Exporters in STPIs to Follow Feb 2012 Circular for SOFTEX Exchange Control Return

A. P. (DIR Series) Circular No. 47 dated October 23, 2012

1719

DTA Units will Get Forex for Payment to SEZ Units

A. P. (DIR Series) Circular No. 46 dated 23 October 2012]

1720

Currency Hedging by FIIs through Banks

A.P. (DIR Series) Circular No.45 dated 22 October 2012]

1721

Corrigendum dated 17 Oct 2012 to 49/2012 – Torrent Power Substitutes Jindal Power for Project Import Duty

Corrigendum dated 17 October 2012]

1722

Cabinet Approves National Policy on Electronics 2012

PIB Press Release dated 25 October 2012

1723

Mexico Challenges China over Subsidies for Clothing, Textiles

ABS News Service

1724

IMF Tokyo Meet Grapples with Global Slow Down

ABS News Service

1725

Ukraine to Ban Wheat Exports from mid-November

ABS News Service

1726

WTO Releases 2011 Trade and Tariff Data

World Merchandise Exports Up by 5% in 2011 in Volume Term

ABS News Service

1727

WTO Appellate Body Hands Victory to Washington on China Steel Duties

ABS News Service

1728

Wheat Climbs, Ukraine may Limit Shipments

ABS News Service

1729

Japan Exports Tumble 10%, BOJ may Pump in More Money

ABS News Service

1730

Two Year Validity to Continue for Duty Credit Scrips Issued upto 26 July 2012, 18 Months for those Issued After

DGFT Policy Circular No. 7 (RE-2012)/2009-14 Dated 25 October, 2012

1731

Computerised Out of Charge Certificates Must for Clearance at Customs Gate

CBEC Instruction dated 29 October 2012

1732

Ruled and Plain Cards SION Notified

DGFT Public Notice No.28 /(RE 2012)/2009-14 dated 26 October 2012

1733

Corrigendum dated 17 October 2012 to 34-CE/10.09.2012 – Torrent Power substitutes Jindal Power for Project Import Duty

Corrigendum dated 17 October 2012]

1734

Rupee Falls to Rs. 54.55 for Customs Valuation on Imports w.e.f. 2 Nov 2012

97-Cus(NT)/01.11.2012

1735

Tariff Value of RBD Palmolein, Brass Scrap, Gold and Silver down Slightly

96-Cus(NT)/31.10.2012

1736

Pak Promises MFN Status to India by Year End

ABS News Service

1737

China Broadens Solar Dumping Probe to Polysilicon

ABS News Service

1738

Packaging Quantity Standardized for 19 Commodities from 1 Nov 2012

PIB Press Release dated 1st November 2012

1739

Indonesia and Montenegro Join AGP as Observers

ABS News Service

1740

Laos, Tajikistan Join Queue for Entry into WTO

ABS News Service

1741

ITA II Covering Consumer Goods on the Boil, Korea Claims 17 in First List

ABS News Service

1742

Dollar Rises to Eight-Week High Versus Euro before U.S. Election

ABS News Service

1743

Gold Gains for 2nd Day as Dollar Weakens Before U.S. Vote

ABS News Service

1744

G-20 Tells U.S. to Avoid Fiscal Cliff as Focus Widens

ABS News Service

1745

Final Extension of Transition Period for Export Subsidy Programme of 19 Developing Countries Extended Till 2013 End

ABS News Service

1746

World Prices of Energy, Food Fall in October

World Bank

1747

India Must Tax Palm Oil Imports to Aid Farmers, Says Godrej

ABS News Service

1748

PK Mohanty Takes Over as Commissioner (TRU) in CBEC after End of Geneva WTO Mission Posting, Invites Suggestion for Budget 2013

F.No. 334/6/2012-TRU dated 6th November 2012

1749

Addl. DGFT Mumbai Issues Suggestions for Filing IEC Applications Online without Deficiencies

18-TN/01.11.2012

1750

DG Safeguards Initiates Review on Phthalic Anhydride (PAN), Three Producers Seek One More Year of 10% Duty to Face Import

F.No. D-22011/14/2012 dated 26th October 2012

1751

SIDBI Notified as an Eligible Borrower for ECB On-lending to MSME

48-RBI/06.11.2012

1752

20 Years Banana War Ends as EU Lowers Tariff by 30% in Next Five Years

Fall in Differential between Low Duty Former Colonies and MNC Based Low Cost Caribbean Producers Seen

ABS News Service

1753

US “Fiscal Cliff” in $600bn Auto Tax Hike and Spending Cuts Ahead

ABS News Service

1754

EU Limits Shipping Fuel Pollution

ABS News Service

1755

China-Japan-Korea Trade Talks Delayed on Island Spat

ABS News Service

1756

Textiles, Machinery, Motor Vehicles, Electronics, Semi Precious Stones Allowed in Burma Border Trade

30-PN(RE)/16.11.2012

1757

DGFT Clarifies that Banks will Execute Only Guarantee while LUT will be Executed by the Importer

29-PN(RE)/12.11.2012

1758

Rupee Falls to Rs. 55.50 for Customs Valuation on Imports w.e.f. 17 November 2012

99-Cus(NT)/16.11.2012

1759

Tariff Value of Gold and Silver Up by $5/10 gram and $19/kg Respectively

Brass Scrap Down by $67/MT

98-Cus(NT)/14.11.2012

1760

RBI Issues Revised Guidelines for Customer Identification Procedure

51-RBI/15.11.2012

1761

Multiple Branch AMCs should Institute Concurrent Audit System

50-RBI/07.11.2012

1762

Indian Agents not to Submit List of Sub Agents under Money Transfer Service Scheme

49-RBI/07.11.2012

1763

China on Anti-dumping Spree, EU and US Chemicals in Hit List

ABS News Service

1764

Pak sends 200 Exhibitors in IITF

ABS News Service

1765

Dollar Import Up by 7.47% in Oct 2012, Export Fall 1.6%

Press Note of Dept. of Commerce, Ministry of Commerce & Industry dated 12 November 2012

1766

WTO Adopts Ruling on Electrical Steel

ABS News Service

1767

Validity of CHA Licences under AEO Programme

105-Cus(NT)/16.11.2012

1768

No BG for Authorized Customs Cargo Service Provider under AEO Programme

104-Cus(NT)/16.11.2012

1769

Revised Guidelines for Implementation of AEO Programme

28-CBEC/16.11.2012

1770

Japan Government to Spend 1 Trillion Yen on Next Stimulus

ABS News Service

1771

Soros Buying Gold as Record Prices Seen on Stimulus: Commodities

ABS News Service

1772

APEC Push to Liberalise Environmental Goods Spurs Debate at WTO

ABS News Service

1773

Developing Countries Table Food Security Proposal at WTO

ABS News Service

1774

European Commission Announces Temporary Suspension of Aviation Emissions Law

ABS News Service

1775

EU Trade Chief Renews Push for Brussels-Washington Trade Deal

ABS News Service

1776

SMP TRQ Cut to 10,000 MTs from 50,000 MTs along with Rise of Duty to 15%

Ntfn 59/21.11.2012

1777

Concentrated Milk/SMP Exports in 0402 Freed

25-Ntfn(RE)/22.11.2012

1778

DGFT Issues TED Refund Claim Format under Deemed Export

31-PN(RE)/21.11.2012

1779

De-Stuff and Release of Foreign Containers on Arrival in CFS/ICDs Facility under Warehousing Clause of Sec 49 of CA 1962

CBEC Instruction/20.11.2012

1780

CBEC Restores Descriptions of Taxable Services and Accounting Codes for Payment of Service Tax

165-ST/20.11.2012

1781

Zero Customs Duty for Air to Air Missile ASTRA Project of Defence Ministry

Ntfn 58/19.11.2012

1782

Zero Excise for Air to Air Missile ASTRA Programme of Defence Ministry

39-CE/19.11.2012

1783

Addl. DGFT Mumbai Organises Meeting with Consul General of China on 17 December 2012 in Mumbai

Addl. DGFT Mumbai Circular No. 01 dated 12th November 2012

1784

Corrigendum dated 21 November to 49/10.09.2012

Corrigendum/21.11.2012

1785

Cautious Welcome for Farm Trade Proposals at WTO

ABS News Service

1786

Asia-Pacific Leaders Announce Major Regional Trade Talks

ABS News Service

1787

US House of Representatives Clears Russia Trade Legislation

ABS News Service

1788

Canada, EU Aim to Bring Trade Talks into Final Stages

ABS News Service

1789

No Tax Free Zones in Operation

Ministry of Finance, PIB Press Release dated 23rd November 2012

1790

Thailand to Surpass India as Top Rice Shipper on Stockpiles

ABS News Service

1791

India Bets on Troubled Kashagan to Restart Oil Expansion

ABS News Service

1792

Anti-dumping Investigation on Solar Cells from China, Malaysia, USA and Taipei Initiated on Complaint of Two EOU/SEZ and One DTA Unit

NME Status for China Claimed, No Direct Evidence of Normal Value for US, MY and Taipei

No.14/5/2012-DGAD dated 23rd November 2012

1793

Rupee Value under Indo-USSR Deferred Payment Protocols Revised to Rs. 75.570411 w.e.f. 25 Oct, 2012

53-RBI/20.11.2012

1794

Extended Period of 12 Months for Software Export Realisation Valid for Another Six Months to 31 March 2013

52-RBI/20.11.2012

1795

Foreign Entities Branch Offices to send Audited Financial Statements Annual Activity Certificate to Income Tax

55-RBI/26.11.2012

1796

ECB Policy Relaxed for 2G Spectrum Payment

54-RBI/26.11.2012

1797

Another Five Years of Anti-dumping Duty on Caustic Soda from USA, Saudi Arabia, Iran

France and Japan Out of Caustic Soda Anti-dumping Net after Review

49-ADD/26.11.2012

1798

Anti-dumping Duty on Ceftriaxone Sodium Sterile Extended for One More Year after Review

50-ADD/29.11.2012

1799

Cotton Exports Contract Registration Raised to 30,000 Bales

·      Ludhiana, Rajkot and Vizag RAs Allowed for RCs

·      Applying Multiple RCs Allowed

26-Ntfn(RE)/30.11.2012

1800

Tariff Value of Silver Up by US$38/kg

RBD Palmolein and Brass Scrap Down by US$23/MT and US$19/MT Respectively

106-Cus(NT)/30.11.2012

1801

CBEC Pulls up Review Committee of Commissioners for Lackadaisical Working

CBEC Instruction dated 23rd November 2012

1802

Form for Statement of Export for Redemption of EPCG Obligation Modified

Bill of Entry and Date of Installation of Capital Goods Included

32-PN(RE)/27.11.2012

1803

Trade Must Declare Complete Description of Cashew Kernels in the Bills of Entry

63-PN/19.11.2012

1804

Double Payment of Customs Duty – Procedure for Refund Claim

62-PN/19.11.2012

1805

Non Alloy Cold Rolled Colour Coated Steel SION Modified

Cold Rolled Zinc and Aluminium Colour Coated Non Alloy Steel Sheets SION Notified

33-PN(RE)/30.11.2112

1806

Corrigendum dated 21 Nov 2012 to 34-CE/2012 on Excise Duty of Mega Power Projects

Corrigendum/21.11.2012

1807

India Continues Cut in Iran Oil to Qualify for Exemption to US Sanctions

ABS News Service

1808

ASEAN-India Commemorative Summit in New Delhi on December 20-21, 2012

ABS News Service

1809

SP Agarwal Obituary

ABS News Service

1810

Misuse of Correction Fluids and Nailpaint Removers

PIB Press Release dated 30 November 2012

1811

Salt under FSSAI

ABS News Service

1812

China May Keep 7.5% Growth Target as Manufacturing Gains

ABS News Service

1813

US Senate for Sanctions on Iran to Continue, White House Not Happy

ABS News Service

1814

Brazil Continues Push for Further WTO Discussions on Currency, Trade Relationship

ABS News Service

1815

DGFT Pujari Claims eBRC a Success, Banks issue 8 Lakh eBRC in Three Months

MoC Press Release dated 20 November 2012

1816 - 1817

Ukraine Renegotiation Request on Tariff Lines, Russia’s Ban on Live Animals and Automobile Recycling Fee under Fire

ABS News Service

1818

Trade-distorting Farm Payments Fall to New Low, EU Says

ABS News Service

1819

Bolivia Invited to Become Full Member of Mercosur

ABS News Service

1820

WIPO Negotiations on New Legal Instrument for Visually Impaired Move Forward

ABS News Service

1821

Reimports for Repairs – Reimportation into India should Take Place within 10 Years in the Case of Bhutan

Ntfn 60/06.12.2012

1822

Another Five Years of Anti-dumping Duty on Digital Offset Printing Plates form China

Japan Out of Digital Offset Printing Plates Anti-dumping Net After Review

51-ADD/03.12.2012

1823

Anti-dumping Duty on PVC Suspension Grade from Taiwan, China, USA and Others Extended for One More Year After Review i.e., upto Jan 2014

52-ADD/06.12.2012

1824

Sodium Silicate in Liquid Form SION Notified

34-PN(RE)/05.12.2012

1825

Lead Free Powder SION Notified

35-PN(RE)/06.12.2012

1826

Rupee Rises to Rs. 55 for Customs Valuation on Imports w.e.f. 7 Dec 2012

108-Cus(NT)/06.12.2012

1827

Katargam, Chauryasi (Surat) ICD Notified for Loading and Unloading Goods

107-Cus(NT)/04.12.2012

1828

World Prices of Energy, Food and Sugar Fall in November

World Bank Pink Sheet

1829

SVB Valuation at Ports Now under Mumbai DG from New Year, Local Commissioner to Decide on SVB Recco

29-CBEC/07.12.2012

1830

Export Credit of US$13.095mn to Togo

56-RBI/27.11.2012

1831

The Riddle of Falling Rupee Coexisting with Crashing Exports by Arun Goyal

ABS News Service

1832

Tajiks to Join WTO as 159th Member

Afghans, Azeris are Next in the Queue

ABS News Service

1833

Bali WTO Ministerial on 3-6 Dec 2013

ABS News Service

1834

Dollars Exports Fall by 4.17%, Import Up by 6.35% in Nov 2012

PIB (MoC&I) Press Release dated 11 December 2012

1835

Iran Oil Exports Slump 46% as US Sanctions Bite

ABS News Service

1836

Australia Lifts 2013 Iron Ore Price Forecast on China Demand

ABS News Service

1837

EU-Japan FTA in the Making

ABS News Service

1838

Bangladesh Perks Up!

ABS News Service

1839

Obama Shields for EU Emissions Rule

ABS News Service

1840

Rice Imports by China Set to Jump Fourfold on Local Prices

ABS News Service

1841

Anti-dumping Investigation on Motor Vehicles Alloy Road Wheels from China, Korea and Thai Initiated on Complaint of Single Manufacturers Synergies Castings

14/7/2012-DGAD dated 10th December 2012

1842

One Month Grace Period to Convert White Shipping Bill for Incentive

36-PN(RE)/12.12.2012

1843

Export Credit of US$178.125mn to Tanzania Water Supply Scheme

57-RBI/11.12.2012

1844

Foshan Z&D Out of Tiles Anti-dumping Net

53-ADD/14.12.2012

1845

Foshan Z&D Ceramics in Vitrified Porcelain Tiles Anti-dumping Case – Notification Rescinded

54-ADD/14.12.2012

1846

Another Five Years of Anti-dumping Duty on Sodium Hydrosulphite from China – Duty Raised in Sunset Review

55-ADD/14.12.2012

1847

Cable Tiles from China and Taiwan – Anti-dumping Duty Slashed after Review

56-ADD/14.12.2012

1848

Tariff Value of Brass Scrap Up by US$59/MT

Gold and Silver Tariff Value Fall by US$11 per 10 gram and US$34/kg

109-Cus(NT)/14.12.2012

1849

Two New Agencies for Issuing Certificate of Origin – Non Preferential Notified

37-PN(RE)/17.12.2012

1850

Six New PSI Agencies Notified

38-PN(RE)/18.12.2012

1851

LIBOR Plus Ceiling for Trade Credits of 350bps to Continue till 31 March 2013

58-RBI/14.12.2012

1852

Six Months Import Credit Now in Medium Term Credit Definition

59-RBI/14.12.2012

1853

Libor Plus Ceiling at 350 bps for ECB will Continue Till 31 March 2013

60-RBI/14.12.2012

1854

Guidelines on ECB for Low Cost Affordable Housing Projects

61-RBI/17.12.2012

1855

New Visa Agreement between India and Pakistan

Visa on Arrival at Wagha Check Post from 15 Jan 2013 only for Sr. Citizens!

PIB (MoHA) Press Release dated 14 December 2012

1856

EU Plus “Real Good Friends” Plurilateral Services Agreement in 2013

ABS News Service

1857

WTO Members Aim for “Realistic” Doha Deliverables for 2013

ABS News Service

1858

Poor Countries Must Invest in Farming to Tackle Hunger, says FAO

ABS News Service

1859

US, EU, Japan Join Mexico in Advancing Challenge to Argentine Import Restrictions

ABS News Service

1860

Duty Cuts of 1% to 8% in Indo-Singapore FTA

Ntfn 61/18.12.2012

1861

Dept. of Revenue Issues 120 Descriptions of Taxable Services and Accounting Codes for Payment of Service Tax

48-ST/30.11.2012

1862

DGFT Releases 10,000 MT Sugar Quota for EU to ISGEC

39-PN(RE)/19.12.2012

1863

Safeguard Duty of 35% Imposed on Electrical Insulators from China

05-SG/20.12.2012

1864

Rupee Falls to Rs. 55.30 for Customs Valuation on Imports w.e.f. 21 December 2012

111-Cus(NT)/20.12.2012

1865

Dahanu Notified for Coal Import by Reliance Infra

110-Cus(NT)/14.12.2012

1866

Zero Duty on Excess LPG Returned to SEZ

Ntfn 62/21.12.2012

1867

Anti-dumping Duty Imposed on Choline Chloride from China

57-ADD/21.12.2012

1868

Sugar Mills Supplying Sugar to an RC Holder Must Intimate DGFT

08-Pol.Cir/24.12.2012

1869

Amendments in Polyacetal Resin Compound SION

40-PN(RE)/24.12.2012

1870

Service Tax Exempted on Janashree Bima Yojana and Aam Aadmi Bima Yojana

49-ST/24.12.2012

1871

Export Credit of US$16.88mn to Gambia

62-RBI/18.12.2012

1872

Hedging under ECB by Micro Finance Cos

63-RBI/20.12.2012

1873

Anand Sharma Offers Sops for More Exports in New Year

   2% Incentive on Incremental Exports in 2013 Q1

   100 New Items in FPS, 60 in MLFPS

   All Food Preparations now in VKGUY

   Interest Subvention Extended by One More Year, All SMEs Covered

ABS News Service

1874

Pascal Lamy to Retire

Three Throw Hat in the Ring for WTO DG

ABS News Service

1875

Mexico Chums Up with Argentina following Auto Deal, Drops WTO Case

ABS News Service

1876

WTO Pulls Up Canada for Local Sourcing Rule in Power Generation

ABS News Service

1877

US Trade Bounces Back, Protectionism Grows

ABS News Service

1878

FIEO Organises India Show at Karachi

ABS News Service

1879

WIPO Frames Industrial Design Treaty

ABS News Service

1880

Panel Established on US Countervailing and Anti-dumping Measures on Chinese Products

ABS News Service

1881

US Slaps Anti-Dumping and CVD on Wind Towers from China, Vietnam

ABS News Service

1882

Global Economy Risks Falling into Renewed Recession, Warns UN Report

ABS News Service

1883

Anti-dumping Duty Imposed on Phthalic Anhydride from Korea, Taiwan and Israel for Five Years

Safeguard Duty to Lapse on 16 January 2013

58-ADD/24.12.2012

1884

226 Items Identified in Export Decline of (-)5% Plus in 2011-12 for Refixation of EPCG Export Obligation

09-Pol.Cir/27.12.2012

1885

Previous Circulars on EO Refixation Following Export Decline

10-Pol.Cir/27.12.2012

1886

DGFT Releases Detail of 2% IEIS (Incremental Exports Incentivisation Scheme)

·      2% FPS Freely Transferable Duty Credit Scrip on Incremental Exports in First Quarter of 2013 Compared to First Quarter of 2012

·      Benefit Over and Above FPS/FMS/Drawback

·      Commodities and Sensitive Goods excluded along with Exports to Singapore/UAE/Hong Kong)

·      Scheme only on Exports to EU, USA and Asian Countries (Proof of landing necessary)

·      Disbursal only after Payment Realisation

27-Ntfn(RE)/28.12.2012

1887

Application to be Filled in Form ANF 3F to be Notified Later to Concerned Regional Authorities

41-PN(RE)/28.12.2012

1888

DGFT Releases Detail of New Additions to Reward Scheme under Chapter 3 of FTP

·      Castor Oil Deleted from VKGUY/FPS

·      Food Preparations NES in 5% VKGUY

·      Soya Meal and other Oil Seed Meals in 5% VKGUY along with Shellac Wax

·      102 New Items in 2% FPS

·      6 More for 2% Bonus FPS

·      11 Moved Up from 2% to 5% FPS

·      62 Goods Inserted in Market Linked Focus Product for 2% Incentive

·      5 New Markets for 3% FMS

·      Export from 1 January 2013 Covered. No Retrospective Effect

42-PN(RE)/31.12.2012

1889

Export Credit of US$250mn to Mozambique

65-RBI/27.12.2012

1890

Export Credit of US$19mn to Guyana Multispecialty Hospital

64-RBI/27.12.2012

1893

Gold and Silver Tariff Value Fall by US$11 per 10 gm and US$83 per kg Respectively

Tariff Value of Poppy Seeds Down by US$476/MT and Brass Scrap US$21/MT

115-Cus(NT)/31.12.2012

1893

Gold and Silver Tariff Value Fall by US$11 per 10 gm and US$83 per kg Respectively

Tariff Value of Poppy Seeds Down by US$476/MT and Brass Scrap US$21/MT

115-Cus(NT)/31.12.2012