Daily Index of Changes

Year 2013

DINDEX Code

Topics

Notification No./Date/Source

1891

Remote Control Classified in heading 8543 70, when Separately Imported

01-CBEC/01.01.2013

1892

Replacement of Fixed Deposit Receipts with a BG Allowed for Mega and Ultra Mega Power Projects

02-CBEC/01.01.2013

1894

Revenue Secretary Threatens Crack Down on Customs, Excise and Service Tax Evaders with Prosecution and Arrest as Revenue Collections Crash

PIB (MoF) Press Release dated 2 January 2013

1895

Excise Recovery Procedure to be Activated within 30 to 90 Days where no Stay is Applied for or Granted

967-CBEC/01.01.2013

1896

CBEC Order CCTV in Customs Area for Security and Unauthorize Access

03-CBEC/01.01.2013

1897

No Service Tax Leviable on Reminder Letters Issued for Insurance Policies Premium to Policy Holders

166-ST/01.01.2013

1898

Milk Covered in Foodstuff for Service Tax Exemption

167-ST/01.01.2013

1905

Rupee Rises to Rs. 54.85 for Customs Valuation on Imports w.e.f. 4 January 2013

01-Cus(NT)/03.01.2013

1906

Cotton Exports to Pak

DGFT Relaxes Cotton Export Procedure for Pak due to Congestion at Wagah Border

12-Pol.Cir/03.01.2013

1907

DGFT Withdraws Circulars for Testing of Samples of Basmati Rice for Variety Identification

11-Pol.Cir/03.01.2013

1908

Export of Grapes, Groundnuts and their Products Requires APEDA Registration

28-Ntfn(RE)/03.01.2013

1909

FIEO Opens Three Additional Chapter Offices in Raj, Kerala and Jharkhand

44-PN(RE)/02.01.2013

1910

Amendments in Different Forms of Silver SION to Give Uniformity

43-PN(RE)/02.01.2013

1911

RBI Revises Softex Procedures for Large Exporters – STPI or SEZ/EPZ/EOU or DTA to Certify Revised Excel Sheets

66-RBI/01.01.2013

1912

Specific Safeguard Duty of 20% Imposed on Stainless Steel HR Flats on Account of “Market Disruption”

01-SG/04.01.2013

1913

Ahmedabad Excise Intelligence Recovers Rs. 100 crs, Detects Another Rs. 300 crs

DGCEI Ahmedabad Press Note dated 4th January 2013

1914

Rupee Forecast to Rise to Rs. 50 per Dollar on Forex Inflows

ABS News Service

1915

Proof of Address Rules Streamlined to Speed up Money Transfer in PML Cases

67 and 68 RBI Circular dated 02.01.2013

1916

Cold Weather to Boost India Wheat to Record for Seventh Year

ABS News Service

1917

Malaysia Exports Rebounded in November on Electronics, Petroleum

ABS News Service

1918

Iron Ore Seen Set for Bear Market After Restocking Rally Fades

ABS News Service

1919

Gold Little Changed After Rising Most in a Week on China Demand

ABS News Service

1920

World Prices of Food and Sugar Fall, Metals Rose in Dec 2012

World Bank Pink Sheet

1921

No DGFT Registration for Pharma Grade and Specialty Sugar Exports

29-Ntfn(RE)/11.01.2013

1922

Chennai Excise Intelligence Claims Recovers Rs. 76.88 crs, Detects Another Rs. 362 crs

DGCEI, Chennai Press Note dated 9th January 2013

1923

Second Hand Machineries Import not Allowed under Government Route FDI

74-RBI/10.01.2013

1924

RBI Advises FINnet Gateway ‘go-live’ from 20 October 2012 – Reports in CD Format Treated as Invalid by FIU-IND

73-RBI/10.01.2013

1925

Authorised Persons Requires to ‘Go-Live’ from 20 October 2012 for Submitting Suspicious Transaction Reports (STR)

72-RBI/10.01.2013

1926

FATF Statement dated 19 October 2012

71-RBI/10.01.2013

1927

FATF Updated Statement on Improving Global AML/CFT Compliance

70-RBI/10.01.2013

1928

RBI Enhances ECB Limit for NBFC-IFCs under Automatic Route to 75% from 50% Owned Funds

69-RBI/07.01.2013

1929

Dollar Exports Fall 1.9% in December 2012, Imports Gain 6.3%

PIB (MoC&I) Press Release dated 11th January 2013

1930

14 FDI Proposals Amounting to Rs. 1310.60 crs Approved by FIPB

PIB (MoF) Press Release dated 11th January 2013

1931

Japan Unveils 10.3tn Yen Fiscal Stimulus

ABS News Service

1932

Disposal of Firearms after 10 Years of Import Allowed in Baggage Cases under Transfer of Residence (TR)

04-CBEC/15.01.2013

1933

India Cries Off from Plurilaterals

Loses Future Options in Trade?

ABS News Service

1934

India, South Africa agree for Early Finalisation of India-SACU PTA Negotiations

India’s Concerns on Market Access to Bovine Meat

PIB(MoC&I) Press Release dated 14 January 2013

1935

Major Recommendations of Expert Committee on GAAR Accepted

ABS News Service

1936

Gold Extends Gain on U.S. Debt Concern; Platinum at 3-Month High

ABS News Service

1937

Palm Oil Advances as Soybeans Jump Most in Six Months on Supply

ABS News Service

1938

Swap Facility for Expansion of Export Credit in Foreign Currency

RBI Press Release dated 14 January 2013

1939

Drawback Cap of Rs. 1344 and Rs. 2688 Notified on High Alumina Bricks and Magnesite Carbon Bricks

04-Cus(NT)/15.01.2013

1940

Tariff Value

Gold and Silver Up by US$31/10 gms and US$20/kg; RBD Palmolein US$28/MT

03-Cus(NT)/15.01.2013

1941

China Defends Export Data after Economists’ Skepticism

ABS News Service

1942

World Bank Cuts Growth Forecasts as Developed Nations Lose Steam

ABS News Service

1943

Copper Advances First Time in Four Days on Global Recovery Bets

ABS News Service

1944

Tariff Value System of Edible Oils Abolished

PIB (MoF) Press Release dated 17 January 2013

1945

Rupee Falls to Rs. 55.25 for Customs Valuation on Imports w.e.f 18 Jan 2013

05-Cus(NT)/17.01.2013

1946

Cabinet Approves Export of Processed and Value Added Agricultural Products even Cases of Restricted Primary Goods

PIB (MoC&I) dated 17 January 2013

1947

Customs and Excise Duty on Gold from Ore to Bars Raised by 2%

·      Basic up to 6% from 4%, CVD 4% from 2%

·      Platinum Rises by 2%

·      Silver Unchanged

Ntfn 01/21.01.2013 and 01-CE/21.01.2013

1948

Addl. DGFT Mumbai Issues Check List for Application of EPCG Authorisation

19-TN/11.01.2013

1949

FEMA Violation by ADs in ECB Cases

76-RBI/17.01.2013

1950

Export Credit of US$20mn to Nigerian Eximp Bank

77-RBI/18.01.2013

1951

Export Credit of US$37.90mn to Swaziland for Agriculture Development

75-RBI/15.01.2013

1952

DGAD Issues Preliminary Findings on Meta Phenylene Diamine from China on 1 January 2013

No.14/4/2012-DGAD dated 1st January 2013

1953

ECB Facility for Hotel Sectors – AD may Certify Project Cost

78-RBI/21.01.2013

1954

EEFC Account Holders Permitted to Access Forex Market for Purchasing Forex Exchange only after Utilizing Available Balances in EEFC Account

79-RBI/22.01.2013

1955

Pulse Imports for PDS Resumes

PIB (Min of Consumer Affairs, Food & Public Distribution) Press Release dated 22 January 2013

1956

Revenue Heads of BRICS Meet in Delhi

ABS News Service

1957

Agri Negotiations Push Forward at WTO

New Data on TRQ, Food Security

ABS News Service

1958

China Anti-dumping Duties on Steel WTO - Illegal, Japan says

ABS News Service

1959

US Challenges Indonesia Import Restrictions on Horticultural, Animal Products

ABS News Service

1960

Vietnam Shrimp Industry Faces Continued Hurdles

ABS News Service

1961

US-EU Plans Trade Pow Wow

ABS News Service

1962

New Uniform Rules for Forfaiting (URF) Comes into Effect on 1 Jan 2013

ICC Paris 7 January 2013

1963

Gold Swings Near One-Month High Before U.S. Vote on Debt

ABS News Service

1964

Customs Duty on Both Crude and Edible Grades Oils Hiked to 2.5% from Nil

·      Near Doubling of Tariff Value to Market Value

·      Total Impact 5% plus on Invoice Value

·      Our Calculations Show Government to Raise Rs. 2300 crs Customs Revenue on 2011-12 base of Rs. 46,451 crs Import of Vegetable Oils

Ntfn 02/23.01.2013 and
08-Cus(NT)/23.01.2013

1965

EHTPs and STPs can File Application to Jurisdictional RAs for Grant of Status Certificate

45-PN(RE)/29.01.2013

1966

NRIs can Open Forex Vostro Accounts for Payments of Medical Treatment or Hotels Stay

81-RBI/24.01.2013

1967

FII Investments in Govt. Securities and Corporate Debt

80-RBI/24.01.2013

1968

No Automatic Conversion of any unsold Sugar Quantity into Levy Sugar

Ministry of Consumer Affairs, Food and Public Distribution, Directorate of Sugar dated 28th January, 2013

1969

ICRISAT Decodes Chana (Chickpea) Gene Sequence

PIB (MoA) Press Release dated 28th January 2013

1970

India-Bangladesh Sign Revised Extradition Treaty and the Revised Travel Arrangements (RTA) in Dhaka

PIB (MoHA) Press Release dated 28th January 2013

1971

FIPB Ok for 4 FDI Proposals Amounting to Rs. 280 crs

PIB (MoF) Press Release dated 28th January 2013

1972

Anti-Corruption CBI Raids Prompts Revenue Secretary Letter to CBDT/CBEC Chiefs

Office Memorandum (F.No. C.14014/2/2013-Vig) dated 23rd January 2013

1973

RBI Governor Announces Third Quarter Review of Monetary Policy 2012-13

Statement by Dr. D. Subbarao, Governor, Reserve Bank of India

RBI Press Release dated 29th January 2013

1974

Four WTO DG Hopefuls Meet Indian Minister at Davos

PIB (MoC&I) Press Release dated 24 January 2013

1975

EU in FTA with India, Canada

ABS News Service

1976

US-EU Trade Talks may Begin in Obama Second Term

ABS News Service

1977

Obama may Push Trans-Pacific Partnership

ABS News Service

1978

FIEO Hails Cut in Repo and CRR in Monetary Policy Revision

ABS News Service

1979

Cross Border Trade Calculations Cut US Trade Deficit with China

ABS News Service

1980

US Pushes Services Plurilateral

ABS News Service

1981

Comprehensive Minamata Mercury Treaty Opens for Oct 2013 Signature

ABS News Service

1982

Presidential Awards to 37 Officers of the Customs, Central Excise and ED

PIB (MoF) Press Release dated 24 January 2013

1983

Palm Oil Climbs as Malaysian Exports Seen Gaining on Zero Tax

ABS News Service

1984

Pascal Lamy Calls upon India to Team Up with US to Revive Doha

ABS News Service

1985

Facility for Clearance of Import of Gifts by Courier at IGI Airport

No Delay in the Clearance of Gift Parcels

PIB (Min of Finance) Press Release dated 31st January 2013

1986

Cabinet Approves Export of Edible Oils from DTA to SEZ Units

PIB (CCEA) Press Release dated 31st January 2013

1987

New Airport Terminal at Chennai Inaugurated

PIB Press Release dated 31 January 2013

1988

Revolving Bank Guarantee for Duty Free Gold Import Allowed to Established Exporters

DGEP Circular No. 30/2013-Cus dated 31 January 2013

1989

No Declaration for Reward Scheme Chapter 3 Benefits in Scheme Cases under Chapter 4-5 of FTP

13-Pol.Cir/31.01.2013

1990

DGFT Reintroduces Facility for Setting up of Pvt/Public Bonded Warehouses in SEZ/DTA for Diamonds, Gems and Precious Stones Following Return of Duty Regime

30-Ntfn(RE)/31.01.2013

1991

Corrections in VKGUY/FPS Products HS Codes

46-PN(RE)/31.01.2013

1992

DGFT Delhi Office Sets Deadlines for Users to Clear Deficiencies Letters

02-TN/21.01.2013

1993

Tariff Value Raises on All Palm Oils, Brass Scrap, Gold and Silver

16-Cus(NT)/31.01.2013

1994

Japanese Yen Exchange Rates for Customs Valuation w.e.f. 31 Jan 2013

17-Cus(NT)/31.01.2013

1995

R.K. Apparels Kolkata Booked for Rs. 150 Lakhs Cenvat

Anti-Evasion Unit Kolkata, Incident Report No. 01 dated 30th January 2013

1996

India's Trade Portal

ABS News Service

1997

Mauritius Teams Up with India in Textiles

ABS News Service

1998

Trade Ministers at Davos Press for “Meaningful Results” in Bali

Trade Ministers Suggest Easter Stocktaking

ABS News Service

1999

Four Argentina WTO Disputes Reach Panel Stage

ABS News Service

2000

European Commission Proposes Duties on Imports of US Biofuels

ABS News Service

2001

WTO Authorises Antigua to Move Forward on Retaliation in US Gambling Dispute

ABS News Service

2002

Weaker EU Farm Subsidy “Greening,” Re-coupling Proposed

ABS News Service

2003

EU, Latin American Countries Pledge to Boost Trade, Amid Underlying Tensions

ABS News Service

2004

Free Export of Processed and Value Added Agricultural Products where Primary Product is Restricted

31-Ntfn(RE)/04.02.2013

2005

Exemptions on Edible Oils Export

·      Castor Oil

·      Coconut Oil

·      DTA to EOU/SEZ

·      Minor Forest Produce

·      Peanut Butter

32-Ntfn(RE)/05.02.2013

2006

Deemed Export Benefits only for 111 Mega Power Projects Listed in DoR Notification List 32A of 49/2012

14-Pol.Cir/04.02.2013

2007

CBEC’s Strategic Plan for the Next Five Years

F.No.503/32/2007-PT.II dated 1st February 2013

2008

Anti-dumping Duty on Flexible Slabstock Polyol from USA, Japan and EU Extended upto 4 Feb 2014

01-ADD/04.02.2013

2009

CHAs Clearing 1984 Exam not Required to Clear 2004 Exam

06-CBEC/06.02.2013

2010

Amendments in CHA Licensing Regulations 2004 – Regulation 8(9) Omitted

19-Cus(NT)/06.02.2013

2011

FM Presents WCO Certificates to Revenue Officers

ABS News Service

2012

Ministry of Commerce Invites Suggestions from Public on Plastic Scrap in SEZs

ABS News Service

2013

Scope of Post Export EPCG Duty Credit Curtailed to only Basic Duty

·      CVD Covered only by CENVAT

·      Exemption of CVD only in Normal Pre Export EPCG Cases

·      Corresponding Customs Notification in Post Export EPCG Scheme Awaited

33-Ntfn(RE)/08.02.2013

2014

Amendments in Post Export EPCG Duty Credit Scrip(s) Procedures

48-PN(RE)/08.02.2013

2015

Rupee Gains to Rs. 53.50 for Customs Valuation on Imports w.e.f. 8 Feb 2013

20-Cus(NT)/07.02.2013

2016

Linen Dyed Fabrics SION Notified

47-PN(RE)/08.02.2013

2017

Stone Aggregates to Maldives Stopped as India Retaliates in GMR Airport Case

34-Ntfn(RE)/08.02.2013

2018

World Prices of Food and Sugar Fall, Energy and Metals Rise in Jan 2013

World Bank

2019

US Taking India at WTO on Solar Panel Products on Local Value Add and Subsidies

ABS News Service

2020

Russia-Japan Meat Trade Policies Highlight Food Safety Issues

ABS News Service

2021

21 Good Friends Move Forward in Plurilateral Services Accord at WTO

ABS News Service

2022

WTO, WHO, WIPO Examine Intersection of Public Health, Intellectual Property, Trade

ABS News Service

2023

Nine Vie for WTO DG

ABS News Service

2024

Tajikistan to Become 159th WTO Member

ABS News Service

2025

China Eclipses U.S. as Biggest Goods Trading Nation

ABS News Service

2026

Russia is World No. 1 in Gold Import

ABS News Service

2027

Import of Catalyst for One Subsequent Charge under EPCG Allowed

Ntfn 03/13.02.2013

2028

Pesticides (Biocides/Fungicides/Herbicides/Insecticides Inputs Deleted from Raw Cotton SION J373

49-PN(RE)/13.02.2013

2029

Tariff Value of Palm and Palmolein Oils Raised by US$33-42/MT

Gold and Silver Tariff Value Down by US$10/10 gm and US$15/kg Respectively

21-Cus(NT)/15.02.2013

2030

Bangladeshis Can Open NRO Account in India

82-RBI/11.02.2013

2031

Loksan, Nagarkata and Kulkuli LCS Notified for Import of Ginger, Orange and Cardamom

18-Cus(NT)/31.01.2013

2032

Namkhana as LCS on India-Bangladesh Denotified

06-Cus(NT)/17.01.2013

2033

Circular No. 30/2013-Cus Renumbered as Circular No. 5/2013-Cus

05-DGEP Cir./06.02.2013

2034

Visakhapatnam Airport Notified for Export Promotion – 31 Notifications Amend to Take this Effect by Ntfn 04 dated 14 Feb 2013

Ntfn 04/14.02.2013

2035

Pujari Report on Diamond Trade Released

ABS News Service

2036

Revised Food Security Bill to be Placed in the Parliament During Budget Session

PIB (Ministry of Consumer Affairs, Food & Public Distribution) Press Release dated 13th February 2013

2037

Marginal Gain in Dollar Exports in Jan 2013, Imports Up by 6%

PIB (MoC&I) Press Release dated 13th February 2013

2038

India, France Expect to Conclude India-EU BTIA by Summer 2013

ABS News Service

2039

Revenue Scrounges for Collections Lose Buoyancy, Excise at 14% in the Offing

ABS News Service

2040

Dept of Revenue Releases Post Export EPCG Duty Credit Scrip after Announcement of Nine Months

DGFT Agrees to Remove CVD from Scope of Scrip

Customs 3% Duty Credit Scrip

Ntfn 06/18.02.2013

2041

Excise 3% Duty Credit Scrip

03-CE/18.02.2013

2042

Customs Zero Duty Credit Scrip

Ntfn 05/18.02.2013

2043

Excise Zero Duty Credit Scrip

02-CE/18.02.2013

2044

Budget 2013-2014 Circular from TRU, Department of Revenue

CBEC

2045

Seeks to amend notification No. 69/2004-Customs, dated the 9th July, 2004, so as to review the existing entries therein and make necessary changes.

09/01.03.2013

2046

Seeks to amend notification No. 75/2005-Customs, dated the 22nd July, 2005 so as to make editorial changes in column (2) of S. No. 118, to align it with HS 2012.

10/01.03.2013

2047

Seeks to amend notification No. 9/2012-Customs, dated the 9th March, 2012, so as to revise the variation limit in respect to height and circumference in case of reimport of cut and polished diamond.

11/01.03.2013

2048

Seeks to amend notification No. 12/2012-Customs, dated the 17th March, 2012, so as to make necessary changes in the specified entries therein.

12/01.03.2013

2049

Seeks to rescind the notifications No. 19/2012-Customs, dated the 17th March, 2012, and No. 20/2012-Customs, dated the 17th March, 2012.

13/01.03.2013

2050

Seeks to amend notification No. 146/94-Customs, dated the 13th July, 1994, so as to exempt “Trophy” when imported into India by the National Sports Federation or any other registered sports body, for being awarded to the winning team in the international tournament to be held in India.

14/01.03.2013

2051

Seeks to amend notification No.27/2011-Customs, dated the 1st March, 2011, so as to specify effective rates of export duty on specified goods.

15/01.03.2013

2052

Seeks to further amend notification No. 30/98-Customs (N.T.), dated 2nd June, 1998, so as to raise the value limit of Jewellery allowed duty free to an Indian passengers who has been residing abroad for more than one year.

25-Cus(NT)/01.03.2013

2053

Seeks to amend notification No. 17/2007- CE, dated the 1st March, 2007 so as to increase the compound levy rate of duty for Stainless pattis/pattas from Rupees Thirty Thousand to Rupees Forty Thousand per cold rolling machine, per month.

05-CE/01.03.2013

2054

Seeks to rescind notification No. 20/2011- CE, dated the 24th March, 2011 relating to 1% excise duty on Mobile handsets including Cellular phones.

06-CE/01.03.2013

2055

Seeks to provide exemption to intermediate goods captively consumed in the manufacture of goods by units availing Area Based Exemption in the State of Himachal Pradesh and Uttarakhand.

07-CE/01.03.2013

2056

Seeks to amend notification No. 7/2012- CE, dated the 17th March, 2012, so as to prescribe 6% rate of excise duty to branded readymade garments and made ups of cotton, not containing any other textile materials.

08-CE/01.03.2013

2057

Seeks to amend notification No. 1/2011- CE, dated the 1st March, 2011, so as to omit the entry relating to specified goods.

09-CE/01.03.2013

2058

Seeks to amend notification No. 2/2011-CE, dated the 1st March, 2011, so as to omit the entry relating to handmade carpets and other carpets and floor coverings of Jute and Coir.

10-CE/01.03.2013

2059

Seeks to amend notification No.30/2004-CE, dated the 9th July, 2004, so as to provide ‘zero excise duty route’ to branded ready- made garments and made-ups.

11-CE/01.03.2013

2060

Seeks to amend notification No. 12/2012 – CE, dated the 17th March, 2012, so as to make necessary amendments in the specified entries thererin.

12-CE/01.03.2013

2061

Seeks to amend notification No. 49/2008- CE (N.T.), dated the 24th December, 2008, so as to prescribe MRP based assessment with 35% abatement thereon, for branded medicaments used in Ayurvedic, Unani, Sidha, Homeopathic or Bio-Chemic systems and to align the tariff lines relating to Pressure Cooker with HS 2012.

01-CE(NT)/01.03.2013

2062

Seeks to further amend the notification No. 04/2002-CE (N.T.), dated 1st March, 2002 so as to make provision for interest on refund, subject to sub-rule (6), arising out of an order of final assessment under sub-rule (3) of rule 7 of the Central Excise Rules, 2002.

02-CE(NT)/01.03.2013

2063

Seeks to amend the notification No. 23/2004-CE (N.T.), dated 10th September, 2004, so as to provide a mode of recovery of CENVAT credit wrongly taken, under the CENVAT Credit Rules, 2004.

03-CE(NT)/01.03.2013

2064

Seeks to notify “the resident public limited company” as a class of persons under the sub-clause (iii) of clause (c) of section 23A of Central Excise Act, 1944.

04-CE(NT)/01.03.2013

2065

Second Hand Capital Goods and Second Hand Goods Policy Clarified

35-Ntfn(RE)/28.02.2013

2066

Handbook of Procedures on Import of Second Hand Capital Goods Deleted Following Amendments of Para 2.17 in FTP

50-PN(RE)/28.02.2013

2067

Used Rails Import Allowed subject to Pre Inspection Condition

36-Ntfn(RE)/28.02.2013

2068

Focus Product Benefit of 5% to Set Top Box

51-PN(RE)/05.03.2013

2069

Stainless Steel HR Flats Safeguard Final Findings Extended upto 25 May 2013

24-Cus(NT)/26.02.2013

2070

Afghanistan Included in SAFTA Rules of Origin

27-Cus(NT)/01.03.2013

2071

Bank Guarantee Only where Penalty Imposed at Last Stage of Adjudication

08-CBEC/04.03.2013

2072

Tariff Value Down on Gold (US$ 14/10 gm) and Silver (US$ 59/kg)

Tariff Value on Palm Oils and Brass Scrap Raised

26-Cus(NT)/01.03.2013

2073

Form ST-3 for Service Tax Amended

01-ST/22.02.2013

2074

Central Bureau of Narcotics Rajasthan Seizures 4.500 kgs of Opium

Central Bureau of Narcotics, Rajasthan Press Note dated 4th March 2013

2075

Enforcement Affected Parties Allowed ECB

87-RBI/05.03.2013

2076

Guidelines for Forex Exposure Limits of Authorised Dealers Category-I

86-RBI/01.03.2013

2077

RBI Extends RDAs under Speed Remittance Procedure to Exchange Houses Situated in All Countries which are FATF Compliant

85-RBI/28.02.2013

2078

KYC Norms under Prevention of Money Laundering Act, 2002

84-RBI/22.02.2013

2079

Rupee Falls to Rs. 55.15 for Customs Valuation on Imports w.e.f 8 March 2013

28-Cus(NT)/07.03.2013

2080

CBEC Explanation on Post Export EPCG Duty Credit Scrip(s) Scheme – Commissioner to Check 10% Cases Randomly for Misuse

10-CBEC/06.03.2013

2081

Diamond Trading Hubs in Customs Bonded Warehouses

11-CBEC/06.03.2013

2082

Chennai DGCEI Recovers Rs. 100 crores from Excise Duty and Service Tax Evaders

DGCEI Chennai, Chennai Press Note dated 7 March 2013

2083

Plurilateral IT Talks May Conclude by Dec Bali Ministerial

ABS News Service

2084

GPA Implementation in Bali

ABS News Service

2085

WTO Members Discuss LDC Extension Proposal

ABS News Service

2086

Solar Glass Spat Renews EU-China Trade Tensions

ABS News Service

2087

Tobacco Plain Packaging Debate Heats Up Again

ABS News Service

2088

Food Stockholding Talks Intensify as Unofficial Deadline Looms

ABS News Service

2089

Exporters Allowed to Write Off 10% of Outstanding in 7 Cases subject to 4 Conditions in “Self Write-off” RBI Relaxation

88-RBI/12.03.2013

2090

Amendments in SCOMET List

37-Ntfn(RE)/14.03.2013

2091

SEBI Permits Maintenance of Collateral by FIIs for Transactions in the Cash and F&O Segments

90-RBI/14.03.2013

2092

RBI Issues Revised Guidelines for Money Transfer Service Scheme

89-RBI/12.03.2013

2093

Ojhar (Mah) Airport Notified for Defence Personnel Baggage Loading and Unloading

29-Cus(NT)/11.03.2013

2094

Pak Bags GC Chair at WTO

ABS News Service

2095

India to Replace Iran Oil Following US Pressure

ABS News Service

2096

Budget 2013 and Textiles

ABS News Service

2097

Customs and Excise Offices to be Opened on 29-30-31 as a Special Case to Provide Services in Holiday Week 25 to 31 March 2013

F.No. 296/42/2013-CX.9 dated 15th March 2013

2098

No Deemed Exports Excise Duty (TED) in Exemption Cases

16-Pol.Cir/15.03.2013

2099

Tariff Value on Brass Scrap Down by US$102/MT, Palmolein US$40/MT and Crude Soyabean Oil US$55/MT

30-Cus(NT)/15.03.2013

3000

Copyright Registration Fee Raised Ten Times with Rs. 500 Minimum

Ministry of Human Resource Development, PIB Press Release dated 18th March 2013

3001

Rupee Gains to Rs. 54.95 for Customs Valuation on Imports w.e.f. 22 March 2013

31-Cus(NT)/21.03.2013

3002

Safety Standards and Compulsory Registration for Imports of 15 Electronics Products Extended by 3 months to 3 July 2013

Compounding Fee to Cover Six Months Transaction Period Till 30 Oct for Registration Time

Department of Electronics and Information Technology (DeitY) Notification dated 20 March 2013

3003

New Foreign Trade Policy on 4 or 5 April

Sharma Calls for New Market Penetration

PIB (MoC&I) Press Release dated 22 March 2013

3004

WTO Plans Bali Pack Around Trade Facilitation, Food Security and LDC

ABS News Service

3005

Japan Joins 11 in TPP Trade Talk Support Monetary Easing and Fiscal Stimulus Actions

ABS News Service

3006

Atomic Energy Substances Export under Atomic Energy Act, 1962 and 18 January 2006 Notification

PIB (Department of Atomic Energy) Press Release dated 20th March 2013

3007

Copper Concentrates

PIB (Department of Atomic Energy) Press Release dated 20th March 2013

3008

Provisional Anti-dumping Duty Imposed on Meta Phenylene Diamine from China

02-ADD/22.03.2013

3009

Another Five Years of Anti-Dumping Duty on Flat Base Steel Wheels from China

03-ADD/26.03.2013

3010

Zero Duty Pulses Import Extended Upto 1 April 2014

Ntfn 18/26.03.2013

3011

Prohibition on Export of Pulses (Except Kabuli Chana) Extended by One More Year to 31 March 2014

38-Ntfn(RE)/25.03.2013

3012

10,000 MTs of Organic Edible Oils Export Permitted

39-Ntfn(RE)/25.03.2013

3013

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

Ntfn 16/25.03.2013

3014

Zero Excise Duty for Air-to-Air Missile ASTRA Project of Defence Ministry

13-CE/25.03.2013

3015

Indo-Japan CEPA Concessional Duty on 806 Items Slashed to 0.5%-9% - Effective from 1 April 2013

Ntfn 17/26.03.2013

3016

BRICS Seek to Cement Position in Global Economic Landscape

ABS News Service

3017

Central Board of Excise and Customs (CBEC) Offices to Remain open on 29th, 30th & 31stmarch, 2013

PIB (MoF) Press Release dated 28th March 2013

3018

India and Liechtenstein Sign Tax Information Exchange Agreement (TIEA)

PIB Press Release dated 28th March 2013

3019

FTP Pushed Back by Two Weeks to Third Week of April as Ministries of Commerce and Finance Talk

PIB (MoC&I) Press Release dated 2nd April 2013

3020

24x7 Customs Clearance for Perishable Agri Exports, No Examination at Customs Gate in Normal Cases

12-CBEC/02.04.2013

3021

Only Common Boundary Land in Adjoining Plot can be used for Expansion in Zero Excise Zones

968-CBEC/01.04.2013

3022

Tariff Value of RBD Palmolein and Silver Down

Gold Tariff Value Up by US$5 per 10 gms

32-Cus(NT)/28.03.2013

3023

Five New Pre-shipment Agencies Notified

52-PN(RE)/28.03.2013

3024

RBI Merges Broadbands FII Debt Categories

94-RBI/01.04.2013

3025

Export Credit of US$15mn to Benin

93-RBI/01.04.2013

3026

Export Credit of US$5mn to Cuba

92-RBI/01.04.2013

3027

Export Credit of US$42mn to Cameroon

91-RBI/01.04.2013

3028

Rupee Gains to Rs. 54.90 for Customs Valuation on Imports w.e.f. 5 April 2013

35-Cus(NT)/04.04.2013

3029

G.S. Sarna Appointed as DG China Specific Safeguards and General Safeguards

33-Cus(NT)/02.04.2013; 34-Cus(NT)/02.04.2013

3030

Kattupalli (TN) Sea Port Notified for Export Promotion

Ntfn 20/03.04.2013

3031

Yemen Included in LDC List

Ntfn 19/02.04.2013

3032

Counter Timings for Submission of Applications at Addl. DGFT Mumbai

20-TN/18.03.2013

3033

Service Tax Crackdown on Oil Exploration Services, L&T Sub-contractors

PIB (MoF) Press Release dated 4th April 2013

3034

Signal Convertors for Sat Broadcasts (LNB Convertors) Fall in Electrical Machines nes under 8543 70 and not 8525 or 8529

13-CBEC/05.04.2013

3035

JS (DBK) Tells Officers not to Stop Summoning Exporters for Bank Realization, Advices “Rely upon Documentation”

CBEC Instruction/04.04.2013

3036

World Prices of Energy, Food and Metals Fall in March 2013

World Bank

3037

Implementation of Bar Coding on Drugs and Pharma Export Consignments Postponed to 1 July 2014

54-PN(RE)/05.04.2013

3038

8587 MTs Quota Sugar to USA through ISGEC Released

53-PN(RE)/05.04.2013

3039

Rupee Value under Indo-USSR Deferred Payment Protocol Revised to Rs. 73.141761 per Rouble from 18 March 2013

95-RBI/04.04.2013

3040

Sale of Indian Rupees to Foreign Tourists Against International Credit Cards Allowed

96-RBI/05.04.2013

3041

Chennai DGCEI Claims Rs. 126 Crores Recovered from Excise and Service Tax Evaders During the FY 2012-13

DGCEI Press Note dated 4th April 2013

3042

Two Pet Animals with Health Certificate only in TR Cases

15-CBEC/08.04.2013

3043

Seconds of Hot Dipped GI Sheets/Coils not Permitted for Import – IS: 227 Covers All Forms of Hot Dipped GI Sheets, Electro GI Sheets not in Hit List

14-CBEC/05.04.2013

3044

BIS Certificate Mandatory for Universal Beam and Angle (L Section) Structural Steel w.e.f. 31 March 2013

Ministry of Steel Order dated 21st March 2013

3045

Steel Products QC Order Implementation Extended to 1 Oct 2013 for Sensitive Goods

Ministry of Steel Order dated 28th March 2013

3046

Anand Sharma Defends IP Flexibility in India at WIPO

India Accedes to Madrid Protocol for Trade Mark Registration the World Over with One Application

PIB (MoC&I) Press Release dated 8th April 2013

3047

Iran Turns to Gas Exports to Pak and Turkey

ABS News Service

3048

DGCEI Claims Rs. 100 crs Fraud Cenvat Credit Detection in Ship Scrap Cases

Dealer-Re-rolling Mill-Furnace Unit Nexus Alleged

PIB (MoF) Press Release dated 8th April 2013

3049

ITA Expansion Talks Aim for Final Product List by July

ABS News Service

3050

Kazakhstan WTO Accession in Bali Ministerial

ABS News Service

3051

World Trade Crashes by 60% in 2012, Grows only 2% Compared to 5.2% in 2011

·      Weak Europe Pulls Demand Down

·      2013 Forecast 3.3% Based on US Growth

·      India Clocks Highest Fall of -3% in Exports and Largest Rise of 5% in Imports, Gains Three Ranks to Become 10th Largest Importer in the World

ABS News Service

3052

Minimum Volumes for Waiver of Customs Staff Cost Recovery Charges at Sea Ports, Air Cargo and Courier Terminals

16-CBEC/10.04.2013

3053

Steel Standard for Seconds of Hot Dipped Sheet is IS: 277 and not IS: 227

Corrigendum dated 10 April 2013 to 14-CBEC/05.04.2013

Corrigendum dated 10th April 2013

3054

Japanese Yen Exchanges Rate for Customs Valuation w.e.f 11 April 2013

36-Cus(NT)/10.04.2013

3055

Anand Sharma Demands Internal Balance in the Trade Facilitation Proposal

Calls for LDC Package as Part of Bali Ministerial

Meets Key WTO Ambassadors in Geneva

PIB (MoC&I) Press Release dated 9th April 2013

3056

Octagonal Steel Columns for Lamp Posts for Public Street Lighting are Steel Structures in 7308 90 90

17-CBEC/11.04.2013

3057

Anti-dumping Duty on Sulphur Black from China by One Year to 10 April 2014 Pending Review

05-ADD/10.04.2013

3058

Anti-dumping Duty on Sodium Nitrite from EU Extended by Another Year to 10 April 2014 Pending Review

04-ADD/10.04.2013

3059

Dept of Revenue Issues New CESTAT Appeal Forms for Excise, Customs and Service Tax – Effective from 1 June 2013

969-CBEC/11.04.2013

3060

New Form of Appeal in Customs Cases to the Appellate Tribunal – Form No. C.A.-5 Notified

37-Cus(NT)/10.04.2013

3061

New Form of Appeal in Excise Cases to the Appellate Tribunal – Form No. E.A.-5 Notified

06-CE(NT)/10.04.2013

3062

New Form of Appeal in Service Tax Cases to the Appellate Tribunal – Form No. S.T.-5 Notified

05-ST/10.04.2013

3063

Dept. of Revenue Extends the Date of Submission of Form ST-3 from 15 April 2013 to 30 April 2013

Service Tax Order No. 02/12.04.2013

3064

Import Credits upto 5 Years for Infrastructure Sector will Continue Till June 30, 2013

98-RBI/09.04.2013

3065

Export Credit of US$76.50mn to Malawi

97-RBI/09.04.2013

3066

Bank of Japan Monetary Plans Fuel Currency Debate

ABS News Service

3067

Japan TPP Bid Receives Green Light from Mexico

ABS News Service

3068

Tariff Value of Gold (US$22/10gm) and Silver (US$30/kg) Down

38-Cus(NT)/15.04.2013

3069

Another Five Years of Anti-dumping Duty on Plain Gypsum Plaster Boards from China, Indonesia, Thai and UAE

06-ADD/12.04.2013

3070

Service Tax Applicable on Pandal Erection

168-ST/15.04.2013

3071

Anti-dumping Investigation on Clear Float Glass from Pak, Saudi Arabia and UAE

Initiation Notification – No.14/25/2012-DGAD dated 11th April 2013

3072

Foreign Trade Policy Annual Supplement 2013 Announced on 18 April 2013

Highlights of Annual Supplement 2013 to FTP 2009-14

Speech by Indian Commerce Minister at the Release of Annual Supplement to FTP 2009-14 on 18 April 2013

dgft.gov.in

3073

DGFT Releases Notifications on FTP Detail

DGFT Issues New Chapter for Zero Duty EPCG under FTP 2013-14 - Provisions

 

01-Ntfn(RE)/18.04.2013

3074

DGFT Issues New Chapter for Zero Duty EPCG under FTP 2013-14 – Procedures

01-PN(RE)/18.04.2013

3075

Anti-dumping and Safeguard Duty Exemption to Advance Licence (DFIA) Available only Actual Users, No Exemption After Transfer

No Advance Authorizations for Energy Import

02-Ntfn(RE)/18.04.2013

3076

Incremental Exports Incentivisation Scheme (IEIS) for 2013-14

Amendments in Duty Credit Scrips to Chapter 3 of FTP

03-Ntfn(RE)/18.04.2013

3077

No TED Refund under Deemed Exports when ab initio Exemption Available

04-Ntfn(RE)/18.04.2013

3078

Cars Manufactured Prior to 1st Jan 1950 can be Imported Free Subject to Actual User Condition

05-Ntfn(RE)/18.04.2013

3079

ICD Faridabad and Ennore Port Notified for Import of New Vehicles

06-Ntfn(RE)/18.04.2013

3080

Clubbing of Advance Licences Issued between 1 April 2002 and 31 May 2012 Allowed

02-PN(RE)/18.04.2013

3081

VKGUY and FPS Insertions

03-PN(RE)/18.04.2013

3082

Validity of Zero Duty EPCG Authorisation Extended to 18 Months from 9 Months

04-PN(RE)/18.04.2013

3083

Sub Contracting for IT Units Allowed

05-PN(RE)/18.04.2013

3084

DGFT Invites Suggestions on ITC (HS) Coding from Stakeholders on Draft VKGUY, FPS and MLFPS

01-TN/18.04.2013

3085

Gold and Silver Tariff Value Down by US$50/10 gms and US$128/kg Respectively

39-Cus(NT)/17.04.2013

3086

Rupee Gains to Rs. 54.50 for Customs Valuation on Imports w.e.f 19 April 2013

40-Cus(NT)/18.04.2013

3087

Zero Duty Pre Export 2013-14 EPCG Customs Notification Notified

Ntfn 22/18.04.2013

3088

Zero Duty Post Export 2013-14 EPCG Duty Credit Scrip Notified

Ntfn 23/18.04.2013

3089

No Capital Goods Import under Zero Duty EPCG for Power Sector

07-Ntfn(RE)/18.04.2013

3090

Customs Notifications in Served from India Scheme, Agri Infrastructure, DFIA and Status Holders Incentive Scrip Amended to Align with FTP 2013-14

Ntfn 24/18.04.2013

3091

DGFT Extends Utilisation of 4% Re-credited SAD Till 30 September 2013 by Exporters

06-PN(RE)/18.04.2013

3092

Zero Duty Concessions Extended to 5 Handloom Materials and Sports Goods

Ntfn 21/18.04.2013

3093

Anti-dumping Duty on Barium from China – Corrections in Exporters Name

07-ADD/18.04.2013

3094

Another Five Years of Anti-dumping Duty on Soda Ash from Russia and Turkey – Final Findings

08-ADD/18.04.2013

3095

Service Tax Exemption on FMS Duty Credit Scrip under Sec 66B of Finance Act 1994

06-ST/18.04.2013

3096

Zero Service Tax on FPS Duty Credit Scrip under Sec 66B of Finance Act 1994

07-ST/18.04.2013

3097

Zero Service Tax on VKGUY Duty Credit Scrip under Sec 66B of the Finance Act 1994

08-ST/18.04.2013

3098

DGFT Gets Personal Hearing Powers as Last Stage Resort Authority to Redress Grievances in Move to Clear Bottlenecks

08-Ntfn(RE)/22.04.2013

3099

Domestic Procurement at Zero Excise Duty in Post Export 2013-14 EPCG Notified

14-CE/18.04.2013

4000

Nine Tariff Lines Import Restricted as Ozone Depleting Substances

09-Ntfn(RE)/22.04.2013

4001

Retreaded Tyres Policy Streamlined

10-Ntfn(RE)/22.04.2013

4002

Eicosapentaenoic Acid (EPA) and Docosaphexaenoic Acid (DHA) Content in Refined Fish Body Oil Standard Revised to not Less than 5% by Weight

11-Ntfn(RE)/22.04.2013

4003

Amendments in Served from India, AIIS and SHIS Schemes Excise Notifications

15-CE/18.04.2013

4004

Anand Sharma Launches 21 New Textiles Parks

PIB (Ministry of Textiles) Press Release dated 23rd April 2013

4005

Lok Sabha Passes Finance Bill without Debate

Press Note dated 30.04.2013

4006

Last date for ST-3 Return Filing for Q1 Extended to 31st August 2013 Pending Issue of New Form

Press Note dated 24.04.2013

4007

Last Date for Use of SAD Credited DEPB Extended to 30 Sept

Disposal of SAD Refund Cases Thru DEPB to be Cleared by 30 June

18-CBEC/29.04.2013

4008

Tariff Value of Gold Raised by US$23 per 10 gms

50-Cus(NT)/26.04.2013

4009

Anti-dumping Duty on Carbon Black Hiked in Review, Measure Valid till July 2014

09-ADD/26.04.2013

4010

RBI Extends Overseas Investment Facility in Oil Sectors by Navratna PSUs, OVL and OIL without any Limits under Automatic Route

99-RBI/23.04.2013

4011

RBI Clarification on Overseas Direct Investments

100-RBI/25.04.2013

4012

Rupee Falls to Rs. 54.65 for Customs Valuation on Imports w.e.f 3 May 2013

52-Cus(NT)/02.05.2013

4013

Tariff Value of Brass Scrap and Palm Oil Down

Gold and Silver Tariff Value Up by US$5/10 gms and US$26/kg Respectively

51-Cus(NT)/30.04.2013

4014

Liechtenstein First to Ratify Amendment to the WTO Agreement on Government Procurement

ABS News Service

4015

No Classification of Life Saving Medicine in DPCO

ABS News Service

4016

Lok Sabha Introduces National Food Security Bill Amendments

ABS News Service

4017

Verdyl Acetate SION Notified

07-PN(RE)/01.05.2013

4018

Cross Border Inward Remittance under Money Transfer Service Scheme

FATF Statement dated 22 Feb 2013

102-RBI/02.05.2013

4019

FATF Updated Statement on ‘Improving Global AML/CFT Compliance: On-going Process’

101-RBI/02.05.2013

4020

Chidambaram Asks for More ADB Funds for South Asia Cooperation

ABS News Service

4021

ICC Lays Out New Bank Payment Obligation Rules

ABS News Service

4022

India Calls Domestic Food Subsidy Margins in AoA Talks for Bali

ABS News Service

4023

Geneva Debates Energy Trade Rules

ABS News Service

4024

Ex Citi Banker Michael Froman for USTR

ABS News Service

4025

WIPO Conference on Genetic Resources to Discuss Draft Law

ABS News Service

4026

China Names Yuan Convertibility Plan as Goal This Year

ABS News Service

4027

April Sees Steep Fall in World Commodity Prices, Precious Metals Crash by 7.7%

World Bank

4028

Plastic Polymers Duty Up by 2.5% to 7.5%

Steel Scrap and Aluminium Scrap Duty Hiked 2.5%

Zero Duty on LNG and NG Import for Electrical Energy Generation

Ntfn 25/08.05.2013

4029

Spl CVD of 4% Exemption on Brass Scrap Withdrawn

Ntfn 26/08.05.2013

4030

Abatement for Cash Sales

09-ST/08.05.2013

4031

Anti-dumping Duty on Phenol from EU and Singapore Withdrawn, South Africa only Till 30 Oct 2013

10-ADD/03.05.2013

4032

SEZs Account for 29% in All Exports

PIB (MoC&I) Press Release dated 8th May 2013

4033

India-US to Spar on Steel, Poultry at WTO

PIB (MoC&I) Press Release dated 8th May 2013

4034

Excise Duty Slashed to Nil from 6% on Roofing Tiles and Bricks

·      Steel for Shipbuilding – Nil

·      Jaggery Powder – 6%

·      Flattened Bamboo Boards and Bamboo Flooring Tiles – 6%

16-CE/08.05.2013

4035

Sodium Dithionate (Hy-drose) Input under SION G-7 and G-46 Deleted

10-PN(RE)/07.05.2013

4036

Amyl Salicylate SION in Chemical Group Notified

09-PN(RE)/06.05.2013

4037

SION Verdyl Propionate in Chemical Group Notified

08-PN(RE)/06.05.2013

4038

Visvesvaraya Trade Promotion Centre Bangalore and its Two Branches Enlisted as Authorised Agencies for COO (Non Preferential)

11-PN(RE)/07.05.2013

4039

Two New Pre Shipment Inspection Agencies (PSIA) Notified

12-PN(RE)/08.05.2013

4040

Disposable Sterilized Dialyzer and Microbarrier for Filtering Blood Classified in 8421 2900

19-CBEC/09.05.2013

4041

Safeguard Duty Investigation on Jindal Pipe Case Initiated

Safeguard Initiation F.No. D-22011/17/2012 dated 22nd April 2013

4042

Deepak Nitrite Files for Safeguard Duty on Sodium Nitrite

Safeguards Initiation F.No. D-22011/03/2013 dated 17th April 2013

4043

RBI Says No Credit for Gold Import, Pay Cash

103-RBI/13.05.2013

4044

Specific Duty Floor on Cashew Kernel

Ntfn 27/10.05.2013

4045

Supari Minimum Price Hiked to Rs. 110 from Rs. 75 per kg

12-Ntfn(RE)/13.05.2013

4046

Dollar Exports Rise 1.68%, Imports 10.96% in April 2013

PIB (MoC&I) Press Release dated 13th May 2013

4047

Duty Evasion by Various Copper Pthalocyanine Crude (CPC) Blue Manufacturers Claims Ahmedabad DGCEI

DGCEI Ahmedabad Press Note dated 13th May 2013

4048

EU Plans Provisional Anti-Dumping Duties on Chinese Solar Panels

ABS News Service

4049

General Council Appoints Azevêdo as Next Director-General, Lamy Pledges Smooth Transition

ABS News Service

4050

WTO Appellate Body Rules against Canada in Renewable Energy Case

ABS News Service

4051

Cuba Lodges WTO Challenge on Australia Plain Packaging Rule

ABS News Service

4052

Ukraine Tops IP Offender List, while Canada and Israel Show Improvement

ABS News Service

4053

Bolivia, Ecuador Advance in Efforts to Join Mercosur

ABS News Service

4054

Tablet Computers Classified in 8471 30

20-CBEC/14.05.2013

4055

Service Tax Voluntary Compliance Encouragement Scheme 2013 Notified

10-ST/13.05.2013

4056

Argentina Files Against EU Biodiesel Case

ABS News Service

4057

Senators Urge Obama to Press Iran by Increased Sanctions

ABS News Service

4058

WTI Crude Declines as Fuel Demand Drops Amid Economic Weakness

ABS News Service

4059

Rupee Falls to Rs. 55.30 for Customs Valuation on Imports w.e.f. 17 May 2013

54-Cus(NT)/16.05.2013

4060

DGFT Notifies EPCH as Certifying Agency for Wood Procurement from Legal Sources

13-Ntfn(RE)/14.05.2013

4061

Oil Exploration Clarifications against Condition Nos. 41, 43 and 44 in 12/2012

·         Transfer of Exempted Goods from Project to Project Allowed

·         Re-export

·         Companies in Consortium can Import Individually

·         Sub-contractor Name in Essentiality Certificate Not Required

21-CBEC/16.05.2013

4062

Transfer of Exempted Goods from Project to Project Allowed

Ntfn 28/16.05.2013

4063

Tariff Value of Oil, Brass Scrap, Gold and Silver Fall as Global Prices Crash

53-Cus(NT)/15.05.2013

4064