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