Daily Index of Changes

Year 2015

DINDEX Code

Topics

Notification No./Date/Source

5652

Concessional Duty of 10% Excise on Machinery, Consumer Durables and Electronics Expires on 31 Dec

Auto Industry Cut to 8% too Goes

Normal Duty of 12% to Apply from 1 Jan in New Year

ABS News Service/01.01.2015

5653

BRICs Busted as Stocks in Russia, Brazil Crash

Outlook on Chindia Bright in 2015

ABS News Service/01.01.2015

5654

Abe Offers Tax Cuts to Boost Wages and Savings, Promises 30% Tax Rate in Five Years

ABS News Service/01.01.2015

5655

Islamist Attack Libya’s Largest Oil Terminal

ABS News Service/01.01.2015

5656

Euro Falls to Two-Year Low of $1.21 as Yen Advances

ABS News Service/01.01.2015

5657

Malaysia Floods Push Up Rubber, Palm Oil

ABS News Service/01.01.2015

5660

Excise Hike of Rs. 2 on Petrol, Diesel from 2 Jan

Oil Marketing Cos Reap Windfall Gain Due to Halving of Crude Price

01-CE/01.01.2015

5666

Euro Falls Rs. 1.65 in Exchange Rates for Customs Valuation w.e.f. 2 Jan 2015

01-Cus(NT)/01.01.2015

5667

FTP 2009-14 to Continue Till 31st March 2015, says FIEO President Quoting Sources

Pleads for Retrospective Renewal of Interest Subvention Scheme

ABS News Service/02.01.2015

5669

GPS Import only with IMEI Number

105-Ntfn(RE)/01.01.2015

5670

Insecticide Import for Non Insecticide use Subject to DAC Import Permit and Conditions

Insecticide for Insecticide use Required Registration from DAC

106-Ntfn(RE)/01.01.2015

5671

Duty Cuts of 0.28 to 8.89 in Indo-Singapore FTA

Ntfn 01/05.01.2015

5672

DGFT Postpones 1 Jan Date for Compulsory Online IEC Applications Submission

·        Manual System for IEC to Continue, Technical Glitches Force Postponement of Compulsory Online Filing

·        New Date to be Notified

80-PN(RE)/06.01.2015

5673

Anti-dumping Duty on SDH Transmission Equipments from China and Israel Extended upto 7 Dec 2015 for Review Action

01-ADD/05.01.2015

5675

Guidelines for Security Charge on ECB Borrowings

55-RBI/01.01.2015

5679

Oil Drops below $50, U.S. Stockpiles Rise

ABS News Service/08.01.2015

5680

No Demand for Cheap Euro at $1.18, Minus Interest Rate on Deposits, Bond Yields Negative

ABS News Service/08.01.2015

5681

Gold Advances Best Run Since October

ABS News Service/08.01.2015

5682

China Puts up $1tn in Next Two Years to Push Growth

ABS News Service/08.01.2015

5683

Fast Track Indian Citizenship in OCI Route, PIO to become OCI

ABS News Service/08.01.2015

5684

SEZ Allowed Dual Use of Duty Paid Non Processing Area for Housing (25%) and Commercial (10%) Area

Lease Sale Permitted

MoC&I Gazette Notification G.S.R. 5(E) dated 2nd January 2015

5685

Duty Free Natural Rubber in AA must be Exported within Six Months of Import

81-PN(RE)/09.01.2015

5686

Zero Customs Duty on Bunker Fuels for use in Indian Flag Vessels for Carrying Cargo Allowed without Time Limit

Ntfn 03/07.01.2015

5687

Zero Excise Duty on Bunker Fuels for use in Indian Flag Vessels for Carrying Cargo Allowed without Time Limit

02-CE/07.01.2015

5688

Srinagar (Tripura) LCS in Indo-BDesh Border Haat Notified for Zero Duty Local Produce Import

Ntfn 02/06.01.2015

5689

Anti-dumping Duty on Melamine from China Extended for One More Year for Review

02-ADD/07.01.2015

5690

Mandatory Pre-deposit of Duty or Penalty for Filing Appeal before CESTAT

CBEC Issues Uniform Data Format for e-Register

993-CBEC/05.01.2015

5691

Non-resident Subsidiaries of MNCs can also Hedge Foreign Currency Exposure thru Permissible Derivative Contracts Executed with Authorised Bank in India

56-RBI/06.01.2015

5692

Export Credit of US$144mn to Liberia for Financing Power Transmission and Distribution Project

57-RBI/06.01.2015

5693

Crude Crashes, NG, Metals, and Edible Oils Fall

Precious Metals, Urea Gain

World Bank

5694

Board Allows Packing List in Export/Import Invoice as Measure of “Simplification”

01-CBEC/12.01.2015

5695

Anti-dumping Duty of Rs. 200 per Piece on Pen Drives Recommended

Impost to Spawn Rs. 1100 Cr Grey Market

China, Taiwan Allege “Sentencing without Hearing and Trial" in Violation of WTO Rules

Click here for Full text of Final Findings [F.No. 14/22/2012-DGAD dated 19th December 2014]

ABS News Service/15.01.2015

5696

MAA (Methyl Acetoacetate) under Anti Dumping Lens on Complaint of Single Producer

Artificial Construction of Normal Value for both China and US Adopted

Anti-dumping Initiation Notification No. 14/7/2014-DGAD dated 7th January 2015

5697

DG Safeguard Drops Safeguard Duty on Polyol FSP in Final Finding

No Significant Injury to Manali Petrochem, Single Producer Noticed

G S R D-22011/4/2014 dated 13.01.2015

5698

Copper Crashes 19.3% Over Dec Average

Crude Fall Triggers Commodity Collapse

Bears Lead Attack on Metal Prices

ABS News Service/15.01.2015

5699

Yen is the New Safe Have, Rises to 117 per Dollar, Aussia Falls 0.9% to 81 cents

ABS News Service/15.01.2015

5700

World Bank Cuts Global Growth 0.4% to 3% in 2015

Falling Energy Price to Add 0.5% to World GDP

ABS News Service/15.01.2015

5701

Rupee Rises against Dollar, Euro

Falls Steeply against Swiss Franc

09-Cus(NT)/15.01.2015

5702

Tariff Value of Gold Rises $9; Silver $24; Palm Oil $33-36; Palmolein $39 and Crude Soya Bean Oil $51

10-Cus(NT)/15.01.2015

5703

Board Announces Four Procedural Shipping Simplifications from Customs Side

02-CBEC/15.01.2015

5704

RBI Issues New Format in OTC Market for Declaration for Utilisation of Past Performance Limits and Details of Export-Import Turnover

58-RBI/14.01.2015

5705

Srinagar (Tripura) LCS Notified for Indo-BDesh Border Haat

08-Cus(NT)/09.01.2015

5706

DG Safeguards Drops Safeguard Duty on Sodium di-chromate in Final Findings – No Significant Injury to Domestic Industry Noticed, Causal Links to Imports Absent, Consumer Interest Protected

Click here for Full text of Final Findings [F.No. D-22011/5/2014 dated 15th January 2015]

F.No. D-22011/5/2014 dated 15th January 2015

5707

SFR Ups 17.4% to Reach Rs. 72.15 for Import Valuation, Euro and SFR at almost Same Rate!

11-Cus(NT)/19.01.2015

5708

Excise Hike of Rs. 2 Each on Petrol and Diesel from 17 Jan 2015

03-CE/16.01.2015

5709

GSM and CDMA Mobile Handsets with Duplicate or Fake IMEI Import Prohibited

107-Ntfn(RE)/16.01.2015

5710

Travellers Allowed to Carry 25k in Rupees

Pak and Bangladesh Excluded

03-CBEC/16.01.2015

5711

Rough Marble Blocks Quota Allocation – Monthly Returns by Importers Must

DGFT Issues 472 Marble Quota Allottees List

12-TN/08.01.2015

5712

Amendments in FPS List – Cornmint Oil, Dementholised Peppermint Oil – Spelling Mistake Corrections

82-PN(RE)/15.01.2015

5713

India’s Imports Decline by 4.78%; Export 3.77% in Dec 2014

PIB (MoC&I) Press Release dated 15th January 2015

5714

Services Export Clock $12.473bn in Nov

PIB (MoC&I) Press Release dated 15th January 2015

5715

WTO DG says TFA will Cut Cost by 15%

PIB (MoC&I) Press Release dated 16th January 2015

5716

Re-export Permission Decentralised to Lower Level in Bonafide “Mistake” Cases

04-CBEC/20.01.2015

5717

Amendments in Jurisdiction of New Excise Principal Chief Commissioner, Principal Commissioner and Commissioner

01-CE(NT)/20.01.2015

5718

Swiss Franc Soars as Switzerland Abandons Euro Cap

ABS News Service/23.01.2015

5719

Swiss Says No Info on HSBC Accounts

ABS News Service/23.01.2015

5720

EU Allows Mango Import only through APEDA Certified Pack Houses

Ban Continues on Cucurbits and Brinjal

ABS News Service/23.01.2015

5721

Poland Rushes to Cut Swiss Franc Risk, Zloty Crashes 22%

ABS News Service/23.01.2015

5722

Gold Prices Top $1,300 an Ounce

ABS News Service/23.01.2015

5723

Yen Climbs as Abe Slackens Stimulus; Pound Drops

ABS News Service/23.01.2015

5724

Obama Puts Hope on Revival of Growth

ABS News Service/23.01.2015

5725

US Farm Support Rises to Proposed Doha Ceiling

ABS News Service/23.01.2015

5726

Chinese Government Abolishes Rare Earth Export Quotas

ABS News Service/23.01.2015

5727

EU Reopens Anti-Dumping Probe into Chinese-Made Solar Glass

ABS News Service/23.01.2015

5728

Oil Rises to $49 from Biggest Slide in Week as Volatility Rises

ABS News Service/23.01.2015

5729

Euro Falls by Rs. 3.75, Danish Kroner Loses 50 Paisa

13-Cus(NT)/27.01.2015

5730

Nepal Travellers Allowed to Carry Rs. 25K of High Denomination Currency of 500 and 1000 Notes

63-RBI/22.01.2015

5731

Remittance of Salary Allowed to Group Co in India

62-RBI/22.01.2015

5732

Depository Receipts Scheme 2014 Allows Security Transfer to Foreign Depositories

61-RBI/22.01.2015

5733

100% FDI Permitted for Construction Development under Automatic Route

60-RBI/22.01.2015

5734

Proprietary Firms Allowed Overseas Direct Investment

59-RBI/22.01.2015

5735

ECB Amendment Powers Delegated to Banks

64-RBI/23.01.2015

5736

Export Credit of US$22.50mn to Gambia

65-RBI/27.01.2015

5637

Export Credit of US$100mn to Nigeria for Three Power Sector Projects

66-RBI/27.01.2015

5638

Obama – Modi Joint Statement

ABS News Service/30.01.2015

5639

New India-U.S. Delhi Declaration of Friendship Emphasizes Defence, Climate Change and Rule Based Markets

ABS News Service/30.01.2015

5640

Commerce Ministry Sponsors Services Exhibit Over 40,000 sq.m in April as Showcase Event

ABS News Service/30.01.2015

5641

India to Appeal against Chicken Legs Panel Ruling

ABS News Service/30.01.2015

5642

US Insists on 100% Examination of Cargo for Arms and Nuclear Material

India to Foot Bill for Machines and Face Cancer Risk from Gamma and Ray Radiation

ABS News Service/30.01.2015

5643

40 Audit Commissioners with 8000 Staff in Place to “Nab” Companies Evading Service Tax

ABS News Service/30.01.2015

5644

Argentina Loses Local Sourcing Case again in WTO Appellate Forum

ABS News Service/30.01.2015

5645

Australia Woos India for Free Trade Deal, Energy in Forefront

ABS News Service/30.01.2015

5646

Greece under Left Rule, may Desert Euro Zone or Seek Debt Write Down

ABS News Service/30.01.2015

5647

Board Says No Anti-dumping Duty after Five Years of Notification Issue

·   Only Exception in Review Initiated before Notification Expiry

·   Field Formation Continue

05-CBEC/28.01.2015

5648

Branded Diesel Excise Duty Charged to 14% + Rs. 5/Ltr or Rs. 10.25 per Ltr, Whichever is Lower

04-CE/30.01.2015

5649

Rupee Gain 4.15 against SFR, Rs. 2.65 against Can$

16-Cus(NT)/30.01.2015

5650

CBEC Orders Summons Issue only as Last Resort

Senior Officers to be Called only if Directly Involved

CBEC Instruction/20.01.2015

5651

Tariff Value of Gold Rises $11; Silver $25

Tariff Value of Brass Scrap Falls $160/MTs; Palm Oil $22-24/MTs; Palmolein $15 and Crude Soya Bean Oil $30/MTs

15-Cus(NT)/30.01.2015

5652

Money Laundering Update

68-RBI/28.01.2015

5653

Cross Border Inward Remittance under Money Transfer Services Scheme (MTSS)

67-RBI/28.01.2015

5654

Online Filing of IEC from 1 Feb 2015 with Net Banking

·      Manual Option Remains Open

·        Decisions within Two Days Promised

83-PN(RE)/30.01.2015

5655

Check List for Online IEC Applications Process

17-Pol.Cir/30.01.2015

5656

Rupee Gains 3.35 against Aus$ and 3.20 against New Zealand$

17-Cus(NT)/03.02.2015

5657

The American Way of Getting Dirty Money Back from Swiss Banks – Lessons for India

ABS News Service/05.02.2015

5658

Franc Rise Fuels Unemployment and Recession on Switzerland

ABS News Service/05.02.2015

5659

Rajan Holds Rates with Eye on Budget After Unscheduled Cut

ABS News Service/05.02.2015

5660

Steel Export Price may Fall to $525, Imports Crash

ABS News Service/05.02.2015

5661

Wheat Prices Crash to $215 as France Enters Market

ABS News Service/05.02.2015

5662

Oil Rallies with Labour Trouble in US Refineries, Temporary Relief for OPEC, Russia

ABS News Service/05.02.2015

5663

Australia Cuts Interest Rate to Record 2.25%, Aussie Falls to New Low

ABS News Service/05.02.2015

5664

International Pact on Protecting Marine Biodiversity by 2018

ABS News Service/05.02.2015

5665

US Confirms Final Duties on China, Taiwan Solar Products

ABS News Service/05.02.2015

5666

South Africa, US Seek Solution on Poultry Row Ahead of AGOA Renewal

ABS News Service/05.02.2015

5667

Consumer Pack Edible Oil MEP Cut by $200 to $900/MT

108-Ntfn(RE)/06.02.2015

5668

Rupee Starts to Fall again Euro, Aus$, Rises against SFR

18-Cus(NT)/05.02.2015

5669

Board Declares 2015 as “Year of Taxpayer Services” on the Part of Department

D.O.F. No.296/51/2012-CX.9 dated 21st January 2015

5670

FIEO Pleads for Restoration of Interest Subvention, Export Refinance

ABS News Service/07.02.2015

5671

MEP of Rs. 500 per kg on Cardamoms Notified

109-Ntfn(RE)/06.02.2015

5672

Shark Fins Export Banned

110-Ntfn(RE)/06.02.2015

5673

Shark Fins Import Prohibited

111-Ntfn(RE)/06.02.2015

5674

Crude Crashes, NG, Coal, Metals, and Edible Oils Fall

Precious Metals, Urea Gains

World Bank

5675

Export Credit of US$62.95mn to Senegal

69-RBI/02.02.2015

5676

New Format for Electronic IEC (e-IEC) Notified

84-PN(RE)/10.02.2015

5677

Second Verification of First Time Importers in Mumbai Zone not Required

04-PN/06.02.2015

5678

Anti-dumping Duty on Sodium Nitrate from EU, China, Korea and Ukraine Extended by Five Years

03-ADD/10.02.2015

5679

24x7 Customs Clearance for Exports at Air Cargo Complex – Four Batches in Two Shift Operation

Same Day Clearance to Attract 20% Discount on Terminal Charges

Air Cargo Complex Trade Facilitation Notice

5680

Mumbai Customs Re-warehousing/Bonding Procedures for EOUs

02-PN/21.01.2015

5681

100% FDI in Automatic Route Medical Devices Permitted for Brownfield Cases also

Special Carve out in Pharma Policy Introduced

70-RBI/02.02.2015

5682

FII by Foreign Portfolio Investors – Minimum Residual Maturity of Three Years in Debt Market Required

71-RBI/03.02.2015

5683

FPI in Commercial Paper not Required

73-RBI/06.02.2015

5684

Investment in Govt Securities by FPIs Permitted

72-RBI/05.02.2015

5685

India Files Appeal against WTO Panel Ruling in Chicken Legs Case

Avian Flu and Chicken Legs from US are Related?

ABS News Service/12.02.2015

5686

HSBC Sheltered Cash Dictators and Arms Dealers

ABS News Service/12.02.2015

5687

Top 100 HSBC Account Holders in Secret Accounts in FEMA/Money Laundering Net

RBI to Take Action against HSBC India!

ABS News Service/12.02.2015

5688

Carbon Black from Korea Rep. under Anti-dumping Lens on Complaint of Two Domestic Producer

Anti-dumping Initiation Notification F.No.14/9/2014-DGAD dated 9th February 2015

5689

KYC Norms for Courier Clearance

·      Proof of Identity and Proof of Address Must

·      Addhar Card as One of the Valid Documents for Individuals Included

07-CBEC/12.02.2015

5690

Board Clarifications on Duty Drawback Rates Amendments

06-CBEC/11.02.2015

5691

Drawback Rates for Chapters 42, 43, 48, 57, 61, 62, 64, 73, 82, 84, 90 and 95 Amended

21-Cus(NT)/10.02.2015

5692

Drawback on Rice Allowed – Exclusion under Drawback Rule Customs, Central Excise Duties and Service Tax Rules, 1995 Removed

20-Cus(NT)/10.02.2015

5693

Tariff Value of Crude Soyabean Oil Crashes by $72; Brass Scrap $53; Palmolein $5; Crude Palm Oil $12; Gold $15; Silver $17

Areca Nuts Rises $97

22-Cus(NT)/13.02.2015

5694

IEC Application Fee Corrected to Rs. 250 from Rs. 500

85-PN(RE)/13.02.2015

5695

Anti-dumping Duty from $278 to $922 per tonne on Graphite Electrodes from China in Final Findings

04-ADD/13.02.2015

5696

More than Rupees Five Crores to be Adjudicated by ADG (Adjudication) at DGCEI

994-CBEC/10.02.2015

5697

Delegation of Power of Adjudicating Authority – Central Excise

02-CE(NT)/10.02.2015

5698

Delegation of Power of Adjudicating Authority – Service Tax

02-ST/10.02.2015

5699

Multiple Importer Exporter Code against Single PAN to be Deactivated from 1 April 2015

Exporters Exhorted to Retain Single IE Code before D Day

87-PN(RE)/17.02.2015

5700

Harmonised Code Corrections in VKGUY Products with One Year Retrospective Effect from Date of Mistake

86-PN(RE)/16.02.2015

5701

Urea Import under Urea Off-take Agreement between India and Oman-India Fertilizer Co. S.A.O.C

Ntfn 04/16.02.2015

5702

Exports Fall $3bn in Jan’15 over Jan’14

ABS News Service/16.02.2015

5703

Crude Leads Import Fall of 11.4% in Jan’15 over Jan’14, Diamond Falls, Intermediates Rise Substantially

ABS News Service/16.02.2015

5704

Commodities Exports Falls in Jan 2015

Iron Ore, Petro Products Crash

ABS News Service/16.02.2015

5705

FIEO Chief Says Exporters Uncertain on Future

FTP Delayed by Nearly One Year

ABS News Service/16.02.2015

5706

US Launches Open Challenge to China “Free Services” to Exporters at WTO

150 Clusters Across Seven Sectors under Attack

ABS News Service/19.02.2015

5707

G20 Fin Ministers Meet in Istanbul, Exchange Fluctuations, Stimulus and Fall in Oil Prices

ABS News Service/19.02.2015

5708

China Open External Borrowings, Copper Trade Financing Falls

ABS News Service/19.02.2015

5709

Rupee Falls to 62.80 from 62.45 for Customs Valuation on Imports w.e.f. 20 Feb 2015

25-Cus(NT)/19.02.2015

5710

Anti-dumping Duty on Acetone from Korea to Continue for Five More Years – Duty Raised to $79.75/MT in Review

05-ADD/18.02.2015

5711

Budget Officers Go Underground after Halwa Ceremony

PIB (MoF) Press Release dated 19th February 2015

5712

Potato Export Shifted to Free List, MEP Withdrawn

112-Ntfn(RE)/20.02.2015

5713

A-1 Form for Import Payments Dispensed, Remittances Allowed Freely Subject to Routine Checks

76-RBI/12.02.2015

5714

DRI Seizes Rs. 30 Crs Meow Meow Mephedrone

Drug Inserted in NDPS Act in Feb this Year

PIB (Mof) Press Release dated 22nd February 2015

5715

Guidelines on Gold Import

·   Star Trading Houses can Import Gold on DP Basis with Free Sale to all Persons

·   Banks Allowed to Import on Consignment

·   Gold Accepted as Collateral Basis

·   Gold Coins Import Allowed but No Retail Sale by Banks

79-RBI/18.02.2015

5716

Calicut Airport and Melapakkam Village ICD Notified for Export Promotion

Ntfn 05/20.02.2015

5717

Advance Payment against Export Orders under RBI Scan

74-RBI/09.02.2015

5718

Fresh FCY-INR Swaps Allowed after Expiry of Cancelled Swaps

78-RBI/13.02.2015

5719

FDI Reporting on e-Biz Platform

77-RBI/12.02.2015

5720

Export Credit of US$22.50mn to Gambia for Electrification Expansion Project

75-RBI/11.02.2015

5721

Bhogat Port for Crude Petroleum Coastal Trade Notified

24-Cus(NT)/16.02.2015

5722

Pipraun, District Madhubani (Bihar) LCS Notified for Indo-Bangladesh Border Haat

23-Cus(NT)/16.02.2015

5723

Budget 2015 – Tomorrows Headlines Today

ABS News Service/26.02.2015

5724

Budget Officers Go Underground after Halwa Ceremony

ABS News Service/26.02.2015

5725

US, Guatemala FTA Labour Dispute Advances

ABS News Service/26.02.2015

5726

OPEC Members Fight for Market Shares, Say No to Production Cuts

ABS News Service/26.02.2015

5727

WTO Gives Mixed Ruling in China Anti-dumping Duty on EU/Japan Stainless Steel Tubes

ABS News Service/26.02.2015

5728

Russia Taxes Grain Exports to Check Domestic Prices

ABS News Service/26.02.2015

5729

Abe Pushes Agricultural Reforms, TPP to Bolster Third Arrow of Reform Agenda

ABS News Service/26.02.2015

5730

Ukraine Currency Falls 11%, Exchange Control in Place

·      IMF Announces $17.5bn Bail Out

·        Country Going Bust with No Money in Sight

ABS News Service/26.02.2015

5731

WTO Appellate Body Begins Hearings on US Compliance in COOL Dispute

ABS News Service/26.02.2015

5732

Transaction and Compliance Costs to Rise with More Powers to Agencies to “Curb Black Money”

ABS News Service/26.02.2015

5733

Budget Money Laundering Amendment to Hit Customs Clearances

Deficient "False" Declarations on Documents under Sec 132 of Customs Act may Land Traders in Jail under PMLA!

ABS News Service/12.03.2015

5734

Institute of Diamond Grading Surat Notified for Certificate/Grading of Diamonds of 0.25 carats and above

113-Ntfn(RE)/02.03.2015

5735

Tyre Curing Presses from China – Anti-dumping Duty for One More Year in Review Proceedings

06-ADD/03.03.2015

5736

Rupee Steady for Customs Valuation on Imports w.e.f. 6 March 2015

28-Cus(NT)/05.03.2015

5737

Excise Arrears can be Paid in 36 Instalments

996-CBEC/28.02.2015

5738

Online Excise Registration within Two Days on PAN Card

997-CBEC/28.02.2015

5739

Board Orders Withdrawal of Court Proceedings if Local Adjudication Find Case without Merit

998-CBEC/28.02.2015

5740

Title Transfer is on LEO Stage in Direct Export Cases

Manufacturer Handing over Goods to Merchant is also Title Transfer Event

999-CBEC/28.02.2015

5741

Guidelines for Adjudicating more than Rupees Five Crores by ADG (Adjudication) at DGCEI

1000-CBEC/03.03.2015

5742

Excise Withdraws “Export” Status on Supplies in India to Duty Free SEZs and World Bank Projects

ABS News Service/13.03.2015

5743

LDC Group Led by Bangladesh for Extension to TRIPS Patent Exemption

Current Waiver to Expire on 1 Jan 2016

ABS News Service/13.03.2015

5744

EU takes Russia to WTO in Fourth Case

Alleges Violation of Bound Rates on Paper, Palm Oil and Refrigerators

ABS News Service/13.03.2015

5745

Precious Metals, NG, Metals, Urea and Edible Oils Fall

Crude Gains

ABS News Service/13.03.2015

5746

World Bank Suggests OPEC Cartel will Dissolve

ABS News Service/13.03.2015

5747

Libor Plus Ceiling at 350bps for ECB to Continue Till 31 March 2015

80-RBI/03.03.2015

5748

Ceiling on Libor Import Credits for Infrastructure to Continue Till 31 March 2015

81-RBI/03.03.2015

5749

Export Credit of US$34.54mn to Niger for Setting up of Solar Electrification and Solar Photovoltaic System

82-RBI/09.03.2015

5750

Anti-dumping Duty of $63/MT Imposed on Sheet Glass from China

Float Glass from Pak, Saudi and UAE Already on Hit List from Nov 2014

07-ADD/13.03.2015

5751

Safeguard Duty on Saturated Fatty Alcohols of 20%-18%-12% till Feb 2017 in Final Findings

01-SG/13.03.2015

5752

Kattupalli (Chennai 20) and APM Terminals, Pipavav Sea Ports Notified for Import of New Vehicles

117-Ntfn(RE)/13.03.2015

5753

Tariff Value Falls: Gold %18/10 gms; Silver $37/kg; Brass Scrap $13/MTs; Palmolein $8/MTs

Crude Palm Oil Rises $2/MT

30-Cus(NT)/13.03.2015

5754

Macau and Hong Kong Citizens Banned from Acquiring Property in India

83-RBI/11.03.2015

5755

Strict on Timely Disposal of Registration Applications

D. 0. F. No. 201/24/2013-CX.G dated 3 March 2015

5756

LDC Concessions According to New Rules of Origin Notification 29/2015-Cus(NT) dated 10 March 2015

Ntfn 12/10.03.2015

5757

Dept. of Revenue Issues New Rules of Origin Rules for LDCs

29-Cus(NT)/10.03.2015

5758

DGFT says only Three Documents Mandatory for Exports and Imports

114-Ntfn(RE)/12.03.2015

5759

List of Military Stores Require NOC from Dept. of Defence Production for Export Notified

115-Ntfn(RE)/13.03.2015

5760

40 More New Items Included in SCOMET List

116-Ntfn(RE)/13.03.2015

5761

List of MoU Signed between India and Mauritius

ABS News Service/18.03.2015

5762

Rupee Falls to Rs. 63 for Customs Valuation on Imports w.e.f 20 March 2015

32-Cus(NT)/19.03.2015

5763

Alloy Steel Bars and Rods Import Must follow BIS Standard

08-CBEC/24.03.2015

5764

Siddhartha Testing, Nepal Delisted as Preshipment Inspection Agency

88-PN(RE)/20.03.2015

5765

Agri-Infrastructure Incentive Scrip Half Yearly from October'2013 to March' 2014 – Deficiencies in Applications should be Rectified by 27 March

02-TN/02.03.2015

5766

High Court Quashes Moser Baer Anti-dumping Finding in Pen Drive Case

DGAD Erred in Violating Natural Justice

Revenue Holds Up Notification to Implement finding of DGAD on Court Order

ABS News Service/27.03.2015

5767

One Year after Due Date, Nirmala says Foreign Trade Policy 2014-19 will be Announced “Soon”

ABS News Service/27.03.2015

5768

Iran Nuclear Deal could Trigger Fresh Oil Price Crash

ABS News Service/27.03.2015

5769

China Rises to Third Largest Arms Exporter in the World

ABS News Service/27.03.2015

5770

India-EU April Summit Cancelled – FTA in Limbo Once Again

ABS News Service/27.03.2015

5771

Passing Off and Trademark Law

ABS News Service/27.03.2015

5772

Indonesia Challenges US 20% Anti-dumping Duty on Art Paper at WTO

ABS News Service/27.03.2015

5773

Tough Black Money Bill Imposes 120% Burden on Money Outside India

ABS News Service/28.03.2015

5774

Plain Cigarette Packaging in UK Soon

ABS News Service/28.03.2015

5775

China Eyes December Outcome for Asia Trade Deal

ABS News Service/28.03.2015

5776

African Tripartite FTA in June

ABS News Service/28.03.2015

5777

Japan’s Exports Rise More Than Forecast, Supporting Recovery

ABS News Service/28.03.2015

5778

Stat 5 and Stat 8 Returns to Discontinue from March 2015

85-RBI/18.03.2015

5779

Export Credit of US$198.96mn to Myanmar for Financing Irrigation Projects

86-RBI/23.03.2015

5780

Foreign Trade Policy 2015-2020 on April 1

ABS News Service/31.03.2015

5781

Indo-Japan CEPA Concessional Duty on 806 Items Slashed by 0.5%-9% - New Rate effective from 1 April 2015

Ntfn 13/30.03.2015

5782

Ludhiana Based SC Ralhan Takes Over from Leather Man Rafeeque Ahmed as FIEO Prez

ABS News Service/31.03.2015

5783

Foreign Trade Policy 2015-2020 Announced on 1 April

DINDEX Editor on CNBC-TV18 immediately after FTP Announcement

FTP is not “Old Wine in New Bottle” it is “Less Wine in New Bottle”. Scope FPS Curtailed in Guise of “Rationalisation”.

·        Highlights of the Foreign Trade Policy 2015-2020

·        Foreign Trade Policy Statement

·        Foreign Trade Policy [1st April, 2015 – 31st March, 2020]

·        Handbook of Procedures [1st April, 2015 – 31st March, 2020]

·        Appendices and Aayat Niryat Forms of Foreign Trade Policy 2015-2020 [1st April, 2015 – 31st March, 2020]

01-Ntfn(RE)/01.04.2015

01-PN(RE)/01.04.2015

5784

Merchandise Exports from India Scheme (MEIS)

02-PN(RE)/01.04.2015

5785

Zero Duty on Pulses and Chickpeas Import Extended Till 1 Oct 2015

Ntfn 15/31.03.2015

5786

Tariff Value Falls: Poppy Seeds $930/MTs; Brass Scrap $15/MTs; Palmolein $40/MTs; Palm Oil $30 to 38/MTs; Crude Soya Bean Oil $66/MTs

Gold and Silver Rises $10 per 10 gms and $31/Kg

34-Cus(NT)/31.03.2015

5787

Antiquities for Display in Private Museums Allowed at Zero Duty

“Antiquities Intended for Public Exhibition in a Museum or Art Gallery” replaces “Antiques intended for Public Exhibition in a Public Museum or National Institution”

Ntfn 14/31.03.2015

5788

Norwegian Kroner Exchange Rate of Rs. 8.05 for Customs Valuation on Imports w.e.f. 26 March 2015

33-Cus(NT)/25.03.2015

5789

Rupee Falls to Rs. 63.20 for Customs Valuation on Imports w.e.f 2 April 2015

35-Cus(NT)/01.04.2015

5790

RBI Withdraws Project Export Limit of US$20mn for Buyer’s Credit on Deferred Payment Terms and Turn Key Projects from India

93-RBI/01.04.2015

5791

Foreign Exchange Management (International Financial Services Centre) Regulations 2015

Regulations and Guidelines on IFSC

92-RBI/31.03.2015

5792

Revised Guidelines to Participation of Residents in the Exchange Traded Currency Derivatives (ETCD) Market

90-RBI/31.03.2015

5793

Foreign Portfolio Investors (FPIs) Limit Increased to US$15mn per Exchange in ETCD Market

91-RBI/31.03.2015

5794

Minister Sitharaman Releases FTP 2015-2020, Claims New Foreign Trade Policy will Double Export to $900 bn in 2020

Trade says New Policy is “Old Wine in New Bottle” or “Less Wine in New Bottle”, Its Mere Repackaging

ABS News Service/06.04.2015

5795

NEW FOREIGN TRADE POLICY (FTP) AIMS 900 BILLION EXPORTS BY 2020

A BANE OR BOOST?

ABS News Service/06.04.2015

5796

FSSAI/PQIS in JNPT and Delhi ICD to give Orders Online Clearance for Imports

Customs Discretion Goes?

09-CBEC/31.03.2015

5797

Digital Signature Compulsory for Customs Electronic Filing from 1 April

10-CBEC/31.03.2015

5798

Provisional Advance Payment for Interest on Export Obligation Default Allowed

11-CBEC/01.04.2015

5799

Customs Notification on 2015-2020 EPCG Zero Duty Scheme

Ntfn 16/01.04.2015

5800

Post Export 2015-2020 Zero Duty EPCG Duty Scrip Notified

Ntfn 17/01.04.2015

5801

Zero Excise Post Export 2015-2020 EPCG Duty Credit Scrip

18-CE/01.04.2015

5802

Status Holders Licences to be Separated from EPCG - Customs

Ntfn 23/01.04.2015

5803

Status Holders Licences to be Separated from EPCG – Excise

19-CE/01.04.2015

5804

Advance Authorization Scheme under Foreign Trade Policy 2015-2020

Ntfn 18/01.04.2015

5805

Duty Free Import Authorization under Foreign Trade Policy 2015-2020

Ntfn 19/01.04.2015

5806

Advance Authorization for Annual Requirement under Foreign Trade Policy 2015-2020

Ntfn 20/01.04.2015

5807

Advance Authorization for Deemed Export under Foreign Trade Policy 2015-2020

Ntfn 21/01.04.2015

5808

Import of Prohibited Goods for Export Production under Advance Authorization under Foreign Trade Policy 2015-2020

Ntfn 22/01.04.2015

5809

Two Horses Pull a Seven Horse Chariot, Only 2 Members Remain in CBEC

ABS News Service/08.04.2015

5810

Peru Appeals WTO Panel Ruling in Agricultural Duties Case

ABS News Service/08.04.2015

 

CUSTOMS NOTIFICATIONS ON NEW MEIS AND SEIS

 

5811

Merchandise Exports from India Scheme (MEIS) Customs Notification – Zero Duty

Notification No. 24 / 2015 – Customs dated 8 April 2015

5812

SEIS Zero Duty Scheme Customs Notification

Notification No. 25 / 2015 – Customs dated 8 April 2015

 

EXCISE NOTIFICATIONS ON NEW MEIS AND SEIS

 

5813

MEIS Scheme Zero Excise Duty

[Notification No. 20 / 2015 – Central Excise dated 8 April 2015

5814

SEIS Zero Duty Scheme Excise Notification

Notification No. 21/ 2015 – Central Excise dated 8 April 2015

 

SERVICE TAX NOTIFICATIONS ON NEW MEIS AND SEIS

 

5815

Service Tax on MEIS Exempted

Notification No. 10/ 2015 – Service Tax dated 8 April 2015

5816

Service Tax on SEIS Exempted

Notification No. 11 / 2015 – Service Tax dated 8 April 2015

5817

Zero Customs Duty for Airborne Early Warning and Control (AEW&C) Programme

Notification No. 26/2015-Customs dated 9 April 2014

 

(Previous entry, i.e., SNo. 31A on this subject lapsed on 5 October 2014)

 

5818

SAD Refund Claim Limited to One in a Month by Importers at Customs Station

Circular No. 12/2015-Customs dated 9 April 2015

5819

Anti-dumping Duty Imposed on PVC Paste Resin from Norway and Mexico for Five Years

Notification No. 10/2015-Customs (ADD) dated 7 April 2015

5820

Anti-dumping Duty on Flexible Slabstock Polyol from Australia, EU and Singapore

Notification No. 09/2015-Customs (ADD) dated 7 April 2015

5821

Coumarin Anti-dumping Duty Extended Till 22 March 2016 – Pending Review

Notification No. 08/2015-Customs (ADD) dated 7 April 2015

5822

49% FDI in Insurance Sector Permitted

A. P. (DIR Series) Circular No.94 dated 8 April, 2015

5823

Unloading and Loading of Goods at Khurja (Bulandshahr) ICD Notified

Notification No. 36/2015-Customs (N.T.) dated 7 April 2015

5824

New Pre Shipment Inspection for Metallic Waste Suspended Till Further Orders, DGFT Working on Practical System with Low Transaction Cost

Public Notice No.05/2015-20 dated 10 April 2015

5825

SEIS – List of Eligible Services and Rates Notified

Public Notice No. 3/2015-20 dated 1 April 2015

5826

Procedure for Implementation of Track and Trade System for Pharma Exports

Public Notice No. 4 /2015-2020 dated 1 April 2015

5827

MEP on Onions Cut to US$250/MTs from US$300/MTs

Notification No. 2 /2015-2020 dated 7 April 2015

5828

Commodity Prices Crashes in March

World Bank Pink Sheet

5829

Draft Circular on Procedure for Use of Digital Signature on Records and Invoices

Draft Circular dated 27 March 2015

5830

Final Anti-dumping Duty on Electrical Insulators of Glass or Ceramics from China on Complaint of Aditya Birla, BHEL, IEC, Modern and WSI

11-ADD/11.04.2015

5831

Anti-dumping Duty on DVD Extended by One More Year for Review under Sec 9A(5) of CTA, 1975 to 11 April 2016, Malaysia Excluded

12-ADD/11.04.2015

5832

DGFT Backtracks on New System of Pre-shipment Inspection of Metal Scrap, Old System to Continue “Till Further Orders”

ABS News Service/15.04.2015

5833

Sixty Three Commissioners Upgraded to Principal Commissioner in CBEC

ABS News Service/15.04.2015

5834

Modi goes Shopping in Paris, Picks up 36 Rafale Fighters for $200mn(?) each for Delivery in 2017(?)

·   Its Goodbye to Protracted 14 Years Tender Negotiations with ToT and $87mn Price for Fighter

·   Anil Ambani and Rafale Fighter Jt Venture Soon to “Make in India”

ABS News Service/15.04.2015

5835

Legalise Red Sanders Cultivation for Export Earnings

ABS News Service/15.04.2015

5836

Service Tax to Continue at Old Rate of 12.36 percent Till Finance Bill is Passed by Parliament and Converted to after Presidential Assent

183-ST/10.04.2015

5837

Tariff Value Falls: Poppy Seeds $215/MTs; Brass Scrap $11/MTs; Areca Nuts $16/MTs; Crude Soyabean Oil $8/MTs; Silver $19/kg

Tariff Value Rises: RBD Palm Oil, Crude Palmolein, RBD Palmolein $17/MTs; Crude Palm Oil $2/MTs; Gold $3/10 gms

37-Cus(NT)/15.04.2015

5838

Customs Clearance Facilitation Committee (CCFC) on Non Tariff Barriers for Each Seaport and Airports with Weekly Meets Announced

13-CBEC/13.04.2015

5839

Quota Sugar Export to EU and USA on Free List Subject to APEDA Control and Ceiling

03-Ntfn(RE)/20.04.2015

5840

DGFT Restores Payment through Demand Draft of Application Fee under Appendix 2K

06-PN(RE)/16.04.2015

5841

Rupee Rises by 25 paisa to 62.95 against Dollar for Customs Valuation on Imports w.e.f. 17 April 2015

38-Cus(NT)/16.04.2015

5842

Anti-dumping Duty on Acetone from Chinese Taipei and Saudi Arabia on Complaint of HOCL – Final Findings

Thai, Japan, EU, USA and Korea already in Hit List

13-ADD/16.04.2015

5843

Drawback Rates Reduced to 1.4% from 4% on Zinc Oxide, Drawback Cap Removed

40-Cus(NT)/16.04.2015

5844

Drawback Directorate Prunes List of Deemed Imported Goods in Export Products under Sec 75 of CTA 1975

39-Cus(NT)/16.04.2015

5845

Meetings Hours 3 to 5 PM at DGFT Headquarters for Non Officials/ Members of Trade

01-TN/20.04.2015

5846

Anti-dumping Duty on Phenol from Thailand and Japan Extended for One More Year upto 18 April 2016 for Review

14-ADD/17.04.2015

5847

CBEC Issues Circular on Interpretation of Foreign Trade Policy 2015-2020

14-CBEC/20.04.2015

5848

Indiabulls Replaced with RattanIndia in Mega Power Project List in Customs and Excise Notification

Ntfn 27/17.04.2015
22-CE/17.04.2015

5849

Egypt Launches Safeguard Investigation on White Sugar

ABS News Service/21.04.2015

5850

Indonesia, Russia, Nigeria and India on the Mat at WTO for TRIMs on Local Content Requirements

ABS News Service/21.04.2015

5851

Ashok Lahiri Committee for Reform of Trade and Industry on Tax Laws in Janpath Hotel Invites Suggestions

ABS News Service/21.04.2015

5852

Supreme Court Rules against Notional 1% Addition to Import Value for Loading

Government to Lose Rs. 750 crs Revenue?

Importers may File Claims for Past 1% Value Adds

ABS News Service/23.04.2015

5853

Exports in March Fall 21%, Year 2014-15 Ends in Negative Growth

ABS News Service/23.04.2015

5854

CBEC gets PM Award for IT Excellence

Annual 3bn Visits on Server

ABS News Service/23.04.2015

5855

Anti-dumping Duty on Barium Carbonate from China Extended for One More Year upto 22 March 2016 for Review

15-ADD/22.04.2015

5856

Anti-dumping Duty on Acetone from Japan and Thailand Extended for One More Year upto 8 April 2016

16-ADD/22.04.2015

5857

Non Agri Urea Import Freed from Canalisation

04-Ntfn(RE)/28.04.2015

5858

CBEC Clarifies that DTA to SEZ Supplies to Qualify for Excise Refunds under Export as Defined in SEZ Act, 2005

1001-CBEC/28.04.2015

5859

China Pushes AIIB, Jaitley Sets Aside Funds for Lackluster BRICS Bank

AIIB Shines but No Funds from India

ABS News Service/30.04.2015

5860

Import Licensing Meet at WTO – India on the Mat

ABS News Service/30.04.2015

5861

Thai Rubber Crashes after Rice

ABS News Service/30.04.2015

5862

WTO Launches Call for Proposals for 2015 Public Forum on “Trade Works”

ABS News Service/30.04.2015

5863

China Hits at EU on Poultry Preferences to Brazil and Thailand

ABS News Service/30.04.2015

5864

WTO Welcomes Seychelles as its 161st Member

ABS News Service/30.04.2015

5865

Banks Must Pay Rs. 9,654 for Virtual Private Network (VPN) Accounts in e-Biz Portal to National Informatics Centre Services Inc. (NICSI)

95-RBI/17.04.2015

5866

Budget 2015-16 Reply to Lok Sabha by FM Jaitley – Changes in Customs, Excise and Service Tax Announced

D.O.F.No. 334/5/2015-TRU dated 30 April 2015

5867

Defence Production for Army, Air Force and Navy under Excise Net, CVD and SAD Exemption on Parts, Capital Goods and Main Equipment Withdrawn, CENVAT is Main Instrument Set Off

But CVD and SAD exemption for full equipment import by Government continues. (Its now cheaper to “Buy in India”. The end of “Make in India” with a 17.39% duty differential between the two streams! – Ed.)

Ntfn 29/30.04.2015

5868

Excise Duty Exemption to Ordnance Factories Withdrawn

23-CE/30.04.2015

5869

Customs Duty on Raw, Refined, White Sugar and Natural Rubber Increased

·   Colemanite, Other Boron Ores and Raw Silk (not thrown) Reduced

·   Digital Still Image Video Cameras (DSC) and their Parts Exempted

Ntfn 28/30.04.2015

5870

Parts of Computers CVD Exemption only for Manufacture

24-CE/30.04.2015

5871

Education Cess will also Apply to DTA Clearances of Excisable Goods from 100% EOU

26-CE/30.04.2015;
27-CE/30.04.2015

5872

Export Duty on Iron Ore Fines Reduced to 10%

Ntfn 30/30.04.2015

5873

Jarda Scented Tobacco Divided into Two Ranges

25-CE/30.04.2015;
13-CE(NT)/30.04.2015

5874

Education Cess on Goods and Services Received in Current Year

12-CE(NT)/30.04.2015

5875

Service Tax on Life Insurance

12-ST/30.04.2015

5876

Euro Rises by Rs. 4 to Reach Rs. 71.45 for Customs Valuation on Imports w.e.f. 1 May 2015

41-Cus(NT)/30.04.2015

5877

Tariff Value Falls: Crude and RBD Palmolein $22/MTs; RBD Palm Oil $23/MTs; Crude Palm Oil $8/MTs

Tariff Value Rises: Crude Soyabean Oil $26/MTs; Gold and Silver $5/10 gms and $13/kg

42-Cus(NT)/30.04.2015

5878

Merchanting Trade Movement thru Indian to Nepal and Bhutan Allowed

97-RBI/30.04.2015

5879

Rupee Value under Indo-USSR Deferred Payment Protocols Revised to Rs. 85.4813 w.e.f. 16 April 2015

96-RBI/30.04.2015

5880

Raw Sugar Import under Duty Free Import Authorisation (DFIA) Not Allowed

05-Ntfn(RE)/01.05.2015

5881

10,000 MTs White Sugar Export to EU under CXL Quota upto 30 Sept 2015

8424 MTs Raw Sugar Export to USA under TRQ upto 30 Sept 2015

09-PN(RE)/01.05.2015

5882

Raw Sugar Export Obligation Period Reduced to Six Months under Advance Authorisation

08-PN(RE)/01.05.2015

5883

Value Limit of Border Trade with China thru Nathula Raised to Rs. 2 lakh, Gunji and Namgaya Shipkila is Rs. 1 lakh

07-PN(RE)/01.05.2015

5884

Cenvatable Invoice by Importer/Manufacturer, Commercial Invoice by Dealer in Transit Sale Cases – CBEC Clarifies

1003-CBEC/05.05.2015

5885

Board Orders Fast Clearance of Nepal Relief Goods, Chief Commissioner to Open Special Windows

CBEC Instruction F.No. 201/03/2015-CX.6 dated 30th April 2015

5886

NAB Transaction Certificate from 1 June for Organic Products Export

10-PN(RE)/05.05.2015

5887

Anti-dumping Duty on Polytetrafluoroethylene (PTFE) from Russia Extended Till 2 May 2016 in Review

17-ADD/01.05.2015

5888

Swiss Franc Exchange Rate of Rs. 68.95 for Customs Valuation on Imports w.e.f. 6 May 2015

43-Cus(NT)/05.05.2015

5889

India to Sign Chabahar Port Deal with Iran, Ignoring U.S. Warning against Haste

ABS News Service/07.05.2015

5890

Turkey Launches Safeguard Investigation on Porcelain and Ceramic Tableware, Kitchenware

ABS News Service/07.05.2015

5891

Azevêdo launches 10th WTO Ministerial Conference Logo

ABS News Service/07.05.2015

5892

China to End Rare Earths Export Tax

ABS News Service/07.05.2015

5893

GST Bill

·   Tax Rate on Revenue Neutral Rate

·   1% Tax on Interstate Commerce for 2 Years by Central Government

·   Compensation to States

·   Petroleum Products not in GST

ABS News Service/07.05.2015

5894

Rupee Falls by Rs. 1.4 to 64.35 against Dollar for Customs Valuation on Imports w.e.f. 8 May 2015

44-Cus(NT)/07.05.2015

5895

Govt Gives More Time to Complete Modalities for Red Sanders Export Quota upto 30 April 2016

06-Ntfn(RE)/06.05.2015

5896

DGFT Prescribes Time Limit for Export of Value Added Products of Red Sanders Wood Quota of 1998.5917 MTs for AP Govt upto 30 April 2016

11-PN(RE)/06.05.2015

5897

Incentives given to Exports Sector is less than 1% of Total Exports, FIEO Reports

FIEO Press Release dated 7 May 2015

5898

Text of the Statement Made by the Finance Minister in Rajya Sabha Relating to MAT on FIIS

PIB (MoF) Press Release dated 8th May 2015

5899

Rupee Crashes on Fear of Fed Interest Rate Hike

ABS News Service/08.05.2015

5900

LNG and NG Import by GAIL for Power Generation Exempted for Two Years

Ntfn 31/07.05.2015

5901

Grains, Edible Oils and Urea Prices Crash in April

Crude, Metals, Gold and Platinum Gains

World Bank

5902

DGAD Initiates Dumping Investigation on Fibre Board from Indonesia and Vietnam on Complaint of Greenply and Mangalam Timber of New Delhi

·      China, Malaysia, New Zealand, Thai and Sri Lanka are already in the Net

·      Complainants Allege that MDF Prices in Indonesia and Malaysia, the World’s Largest Producers, not Available, Designated Authority Accepts Plea!

Anti-dumping Initiation Notification F. No. 14/23/2014-DGAD dated 7th May 2015

5903

Removal Goods for Repairs, Testing etc. from SEZ to DTA Allowed on Self Attestation Basis

SEZ Instruction No. 84 dated 16th April 2015

5904

Transformer Oil Classification under 2710

Ntfn 32/08.05.2015

5905

PM Modi on Six Day – Five City East Asia Whirlwind Tour

ABS News Service/14.05.2015

5906

INFORMATION TECHNOLOGY AGREEMENT

Swift Conclusion to ITA 2 Negotiations Urged at WTO

ABS News Service/14.05.2015

5907

Brazil Questions US Corn, Soya Subsidy

ABS News Service/14.05.2015

5908

Dinesh Kumar Elected as New EPCH Chairman

ABS News Service/14.05.2015

5909

Korea’s Export Engine Slips into Reverse

Won Rises against Euro, Yen Saps Competitiveness

ABS News Service/14.05.2015

5910

China Exports Fall in April Unexpectedly Contract, Import Slide Worsens

More Stimulus Seen

ABS News Service/14.05.2015

5911

Rupee Crashes below 64 to the Dollar, Heading for 66?

ABS News Service/14.05.2015

5912

EU, ASEAN in Trade Talk

ABS News Service/14.05.2015

5913

Metal Scrap Pre Shipment in New Policy with Photo Proof of Inspection Restored

·   DGFT Opens Door to Global Inspection for Competitive Sourcing

·   Last Date of Application 8 June for Renewal of Old Approvals or Fresh Applications

·   Bank Guarantee of Rs. 10 Lakhs to Check Frauds and Abuses

·   Email Reporting to DGFT

12-PN(RE)/18.05.2015

5914

SDF Form Goes on Shipping Bills for Both Goods and Services

Two Line Declaration on Forex Realization in Stipulated Period is Adequate

15-CBEC/18.05.2015

5915
5916

SDF Declaration Not Required under Shipping Bill (Electronic Declaration) Regulations, 2011

46-Cus(NT)/18.05.2015
101-RBI/14.05.2015

5917

USA Out of Morpholine Anti-dumping Net in Mid Term Review, China and EU Continue on Hit List

18-ADD/18.05.2015

5918

Simplified Customs Transit Document (CTD) without Cargo Examination or Bond with Nepal Government or Donor Agency Authorisation for Relief Goods to Nepal

16-CBEC/19.05.2015

5919

Export Credit of US$1bn to Nepal for Infrastructure Development Projects

100-RBI/14.05.2015

5920

Tariff Value Rises: Gold $5/10 gms; Silver $30/kg; Brass Scrap $88/MTs; Crude Soyabean Oil $6/MTs; Palmolein $14/MTs; RBD Palm Oil $11/MTs

45-Cus(NT)/15.05.2015

5921

Account Holder Not Required for Closure of FCNR(B) Deposits

Form A2 is only for Buying Forex and Not for Remittance of Forex

98-RBI/14.05.2015

5922

Rupee Value under Indo-USSR Deferred Payment Protocol Revised to Rs. 88.3042 w.e.f. 30 April 2015

99-RBI/14.05.2015

5923

Corrigendum to Central Excise Ntfn 26 and 27 both Dated 30 April 2015

Corrigendum dated 8th May 2015

5924

Joint Statement between the India and China during Modi visit to China on 15 May

ABS News Service/21.05.2015

5925

India - Republic of Korea Joint Statement for Special Strategic Partnership on 18 May 2015

ABS News Service/21.05.2015

5926

Joint Statement for India-Mongolia Strategic Partnership on 17 May

ABS News Service/21.05.2015

5927

Dollar Exports Dip Again by 14% in April; Import Decline 7.48%

Rupee Fall may Arrest Declining Trend

ABS News Service/21.05.2015

5928

Stiff $3 Plus Anti-dumping Duty on USB Flash Drives from China and Taiwan Notified, Department Gets Past High Court Order Dismissing DGAD Finding

22-ADD/22.05.2015

5929

Anti-dumping Duty of $367.59/MT Imposed on Sodium Citrate from China for Five Years

19-ADD/20.05.2015

5930

Rupee Rises by Five Paise to Rs. 64.30 against Dollar for Customs Valuation on Imports w.e.f. 22 May 2015

47-Cus(NT)/21.05.2015

5931

High Speed Diesel and Light Diesel Oil Import Allowed Free for Ship Breaking

07-Ntfn(RE)/20.05.2015

5932

Service Charges of 14% Effective from 1 June

14-ST/19.05.2015

5933

Pentaerythritol from Russia Hit with $474/MT of Anti-dumping Duty for Five Years

20-ADD/22.05.2015

5934

Additional Duty of Excise Exemption on Carbonate Drinks and Water Omitted

29-CE/22.05.2015

5935

Bar Coding Track and Trace in Pharma Exports Optional Till 1 Oct

Bar Coding Compulsory only on Outside Tertiary Packing

13-PN(RE)/22.05.2015

5936

Rupee Transaction Limit in Vostro Account of Exchange House Raised to Rs. 15 Lakh

102-RBI/21.05.2015

5937

Rupee Swap with Overseas Bank Permitted in ECB

103-RBI/21.05.2015

5938

Nhava Sheva Customs Commissioner Implements Supreme Court Order in SRF Case

·   Imported Goods Deemed Domestic for CVD Calculations

·   Excise Notifications with CENVAT Non Availment Condition for Excise Exemption to Apply on Imported Goods

·   Revenue Moves Supreme Court Vacation Bench for Review of SRF Case DB Judgement

ABS News Service/28.05.2015

5939

Another Five Years of Anti-dumping Duty on Alloy Wheel from China, Korea and Thailand

21-ADD/22.05.2015

5940

Ram Tirath Appointed as DG Safeguards

48-Cus(NT)/25.05.2015

5941

Bharat Diamond Bourse Mumbai Notified for Rough Diamond Import, Trading and Re-export w.e.f. 1 July 2015

17-CBEC/26.05.2015

5942

Application Forms for SFIS for NFE Earnings in 2014-15 Notified

14-PN(RE)/25.05.2015

5943

Sub Saharan gets Another 10 Years for Duty Access to US Market

ABS News Service/28.05.2015

5944

Finally, Najib Shah in Excise and Customs Board after One Year Wait

Modi Govt Fills CBEC to Full Strength with Five New Entrants

ABS News Service/28.05.2015

5945

Enactment of Finance Act 2015, 14% Service Tax Effective from 1 June 2015

Imposition of Swachh Bharat Cess “in Due Course”

ABS News Service/01.06.2015

5946

Online IEC Profile Updation by 15 June 2015

02-TN/26.05.2015

5947

Tariff Value of Gold and Silver Falls by $13/10 gms and $23/kg Respectively

Brass Scrap Tariff Value Up by $109/MT; Crude Soyabean Oil $31/MT; Crude Palm Oil $7/MT and Palmolein $6/MTs

49-Cus(NT)/29.05.2015

5948

Final Anti-dumping Duty on PTA from Korea and Thailand

China and EU Removed from Anti-dumping Net in Final Finding

Duty Raised on Taekwang Korea to $23.61/MT from $19.05/MT and Indorama Thai to $45.43/MT from $27.49/MT

23-ADD/27.05.2015

5949

EOUs under General Scheme – Amendments in Customs Notification

Ntfn 34/25.05.2015

5950

EOUs under General Scheme – Amendments in Excise Notification

30-CE/25.05.2015

5951

Talcher STPP Replaced with Talcher TPP Stage III Orissa in Mega Power Project List in Customs and Excise Notification

Ntfn 35/28.05.2015

31-CE/28.05.2015

5952

DoR Incorporates Foreign Trade Policy 2015-2020 Changes in Customs Notifications

Ntfn 33/15.05.2015

5953

DoR Incorporates Foreign Trade Policy 2015-2020 Changes in Excise Notifications

28-CE/15.05.2015

5954

Export Credit of US$100mn to Mali for Financing Power Transmission Project

104-RBI/28.05.2015

5955

Rupee Value under Indo-USSR Deferred Payment Protocols Revised to Rs. 77.6331180 w.e.f. 6 May 2015

105-RBI/28.05.2015

5956

Anti-dumping Duty of $1.22 per piece Imposed on Electronic Calculators from China on Complaint of Ajanta Ltd

Casio Exempted

24-ADD/29.05.2015

5957

Anti-Dumping Duty on PVC Paste Resin from European Union under Review, Impost Extended Till 24 June 2016

Korea, Taiwan, China, Malaysia, Thai and Russia Also Extended Till 25 July 2016

25 and 26-ADD/01.06.2015

5958

Anti-dumping Duty on Acrylic Fibre from Korea ($270/MT) and Thailand ($493/MT) Extended for Five More Years in Review

27-ADD/01.06.2015

5959

Investment Remittance Ceiling Raised to $250,000 from $125,000

RBI Notifies New Guidelines under LRS

106-RBI/01.06.2015

5960

Only Online EPCG Applications from 1 July

Form ANF 5A for CA Certificate to go Online

03-TN/01.06.2015

5961

SWIFT Says Yuan Now Most-Used in Asia for Payments to China

ABS News Service/04.06.2015

5962

Yuan at Fair Value, No Undervaluation to Promote Exports

ABS News Service/04.06.2015

5963

WHO to Review of “Counterfeit” Medicines Mechanism in 2017

ABS News Service/04.06.2015

5964

Minimum Import Price (MIP) on Areca Nuts Raised

ABS News Service/04.06.2015

5965

US Senate Approves Fast Track Authority for OK to TPP

ABS News Service/04.06.2015

5966

Korea Slaps Restrictions on Japanese Food after Radiation Accident

ABS News Service/04.06.2015

5967

Last Date for PSIA Approval in New System Extended to 18 June

19-PN(RE)/05.06.2015

5968

Rupee Rises by 45 paise to Rs. 64.75 against Dollar for Customs Valuation on Imports w.e.f. 5 June 2015

52-Cus(NT)/04.06.2015

5969

Stainless Steel Coils and Plates from China, Malaysia slapped with Final Dumping Duty of $309/MT and $316/Mt, Korea Hit with $180/MT

28-ADD/05.06.2015

5970

Export Houses Limited to Only Rs. 10 lakh Export without FC Realisation

09-Ntfn(RE)/04.06.2015
18-PN(RE)/04.06.2015

5971

LR, RR and Postal Receipt Recognized as Transport Documents Equivalent by DGFT

·   No Incentives for Traded Goods in Hard Currency under para 2.46

·   DGFT Clarifies Capital Goods Import can be paid against Reward Scrip

·   No Reward Scrip for Restricted Items Export

·   MEIS to prevail in case of conflict between MEIS List and Other Lists

·   Services Export to SEZ to get SEIS Benefit

·   Restricted Export Obligation period for Sensitive Inputs under Advance Authorization as per Appendix 4-J

·   Service Consumer of Other Countries in India Eligible for Service Supply from India

08-Ntfn(RE)/04.06.2015

5972

Manual System in EDI for Export Houses Status to Continue till 30 Sept 2015

17-PN(RE)/04.06.2015

5973

Reward Scrip Issue in Three Working Days!

16-PN(RE)/04.06.2015

5974

Supari Minimum Price Hiked to Rs. 162/kg from Rs. 110/kg

10-Ntfn(RE)/08.06.2015

5975

Preferential Treatment for Status Holders – e-Applications of Advance Authorisation in 1-2 Working Days Promised

04-TN/08.06.2015

5976

Service Tax on Restaurant Services Specified at 5.6% after 40% Abatement on 14% ST

Service Tax only in AC Restaurants

184-ST/03.06.2015

5977

Kamalasagar (Tripura) LCS in Indo-BDesh Border Haat Notified for Zero Duty Local Produce Import

Ntfn 36/04.06.2015
15-PN(RE)/03.06.2015
50-Cus(NT)/03.06.2015

5978

Zero Excise Allowed on Ethanol Produced from Molasses to Oil Companies for Blending with Petrol

32-CE/04.06.2015

5979

Exchange Rates for Customs Valuation w.e.f. 22 May 2015 – Notification Rescinds

51-Cus(NT)/04.06.2015

5980

Common Adjudication Authority in DRI Cases

18-CBEC/09.06.2015

5981

Excise Exemption to Aluminium Roofing Panels Manufacturers

17-CE(NT)/08.06.2015

5982

Grains, Edible Oils and Urea Crash in May

Crude, Metals and Rubber Gain; Gold and Silver Steady

World Bank

5983

Vitamin E from China – Dumping Duty Slashed to $1.77/kg from $25.54/kg in Final Findings

29-ADD/10.06.2015

5984

Fast Track Scheme for EOUs for Import

19-CBEC/09.06.2015

5985

Clubbing of Authorization Facility – Amendments in Handbook of Procedures Para 4.38

20-PN(RE)/09.06.2015

5986

Zero Duty on Anti-Retroviral Drugs (ARV Drugs) and Diagnostic Eqpts Import Till 1 April 2016

Ntfn 37/10.06.2015

5987

Zero Excise on Anti-Retroviral Drugs (ARV Drugs) and Diagnostic Eqpts Import Till 1 April 2016

33-CE/10.06.2015

5988

Working Capital for Civil Aviation Sector will Continue Till 31 March 2016 under ECB

109-RBI-11.06.2015

5989

ECB for Low Cost Affordable Housing Projects

108-RBI-11.06.2015

5990

RBI Permits NRIs to Subscribe Chit Funds without Limit under Chit Fund Act

107-RBI-11.06.2015

5991

DGFT Reiterates Shipment Date is Crucial Date for Transition Arrangements in Case Policy Change

02-Pol.Cir/12.06.2015

5992

DGFT Clarifies that Services Supply to SEZ is not Eligible to Reward Scheme Benefits

01-Pol.Cir/11.06.2015

5993

DGFT Permits Diamond SNZ as per CBEC Procedure

11-Ntfn(RE)/15.06.2015

5994

Anti-dumping Duty on Nylon Tyre Cord from China Continues for Five More Years, Review of Past Duty Shows Continued Dumping

30-ADD/12.06.2015

5995

Tariff Value of Silver Falls by $25/Kg; Brass Scrap $65/MTs

Crude Palm Oil Tariff Value Up by $23/MTs; Palm Oil $14-18/MTs; Palmolein $19/MTs; Crude Soyabean Oil $11/MTs; Areca Nut $4/MTs

61-Cus(NT)/15.06.2015

5996

Export Crash 20% in May, Imports Fall 16.52%

ABS News Service/16.06.2015

5997

Amendments in MEIS Notification

MEIS to Prevail in Case of Conflict between MEIS List and other Lists

Ntfn 38/15.06.2015

5998

India Loses Appeal in WTO in Poultry Ban Case

·   US Allegation of “Arbitrary and Unjust” Discrimination Upheld

·   OIE Used as Support to Establish Discrimination in India

ABS News Service/18.06.2015

5999

Thailand and Sierra Leone Join Kyoto Convention on Trade Facilitation,  101 Countries are In

ABS News Service/18.06.2015

6000

Customs Duty on Most Steel Raised by 2.5%; 5% Items go to 7.5%, 7.5% up to 10%

Semi Finished Steel, Bars and Rods, CR and HR Coils of Carbon Steel and Stainless Steel Affected

Ntfn 39/16.06.2015

6001

DGFT Releases Online ANF 3A, No Physical Docs Necessary for MEIS Claim

05-TN/16.06.2015

6002

Addl DGFT Mumbai Constitutes Ten Member Committee for Disputes between Buyers and Sellers

01-TN/01.06.2015

6003

GST Committees Formed for Drafting Law Impact Assessment

ABS News Service/18.06.2015

6004

Rupee Down by 20 Paise to Rs. 64.55 against Dollar for Customs Valuation on Imports w.e.f. 19 June 2015

63-Cus(NT)/18.06.2015

6005

Singapore’s Export Decline, Signs of Global Slowdown?

ABS News Service/19.06.2015

6006

WCO 2015 Council Meets, New Office Bearers Elected

India Loses to Brazil in Contest for Directors Post

ABS News Service/19.06.2015

6007

Amendments Effective from 1 January 2017

HS Nomenclature 2017 Edition

ABS News Service/19.06.2015

6008

Customs Disallows Free of Cost Export above Rs. 25k through Courier

MEIS Exports in B to C Channel upto Rs. 25k Allowed through Courier

62-Cus(NT)/17.06.2015

6009

DGAD Initiates Investigation on PTA from China, Iran, Indonesia, Malaysia and Taiwan on Complaint of RIL and MCC PTA India

·   Indonesia, Malaysia and Taiwan Return to Hit List after Sunset of Previous Impost on Them

·   Iran New Entrant in Appeal List

·   Second Action on Same Item on Same Country (China)

·   Medium Quality Terephthalic Acid and Qualified Terephthalic Acid already subjected to provisional duty from 25 July 2014

·   No Domestic Price of PTA available in Iran, Malaysia and Taiwan!

·   Normal Value Constructed Artificial

Initiation Notification No.14/8/2015-DGAD dated 18 June 2015

6010

DGFT Notifies New Format for PSIA Bank Guarantee

21-PN(RE)/23.06.2015

6011

WCO Adopts HS2017 New Classification to replace HS2012 from 1st January 2017

·   Non-Alcoholic Beer gets New Code 2202.91 and 2202.99

·   Multi-component ICs (MCO) Recognized Separately under Heading 8542

·   New Codes for Strategic Trade Items for Food Security, Chemical Weapons

·   New Deal for Electric Vehicles under Heading 8702 and 8703

ABS News Service/26.06.2015

6012

Interpol, WCO Link Up with Pharma to Crackdown on “Illicit” Medicines

·   Pharma Producers in Third World and Consumers Affected

·   International Intra Government Bodies Sing to the Tune of MNCs

·        UN Principles of National Sovereignty Violated

ABS News Service/26.06.2015

6013

China Imports Fall, Asia Exporters Struggle

ABS News Service/26.06.2015

6014

Kazakhstan at Last Stage in WTO Membership

ABS News Service/26.06.2015

6015

Botswana Ratifies Trade Facilitation Agreement

ABS News Service/26.06.2015

6016

Agri Export Subsidies Fall

China Requests Waiver of 8.5% Domestic Subsidy Limit

ABS News Service/26.06.2015

6017

Work Allocation of New CBEC Members Released

Najib Shah, Chairman in Waiting gets Budget, Neerja Shah Excise, Ashok Kaushal Customs, Krishnan Service Tax, Vanaja Sarna Personnel and Ram Tirath Law and Judicial

ABS News Service/26.06.2015

6018

India Extends Ban on Milk and Milk Products from China for One More Year

12-Ntfn(RE)/24.06.2015

6019

Golf Gloves made of Knitted/Woven Fabrics SION Notified

22-PN(RE)/23.06.2015

6020

DGFT Launches Mobile App and Revamped Website

06-TN/29.06.2015

6021

MEP on Onions Raised to $425/MTs from $250/MTs

13-Ntfn(RE)/26.06.2015

6022

Banks Allowed to Borrow FC from International Institutions for General Banking Business without RBI Ok

112-RBI/25.06.2015

6023

Export Credit of $100mn to Vietnam for Financing Supply of High Speed Patrol Vessel

111-RBI/18.06.2015

6024

RBI Issues Format for eXtensible Business Reporting Language (XBRL) System to Replace Manual BEF

110-RBI/18.06.2015

6025

DGFT Opens Second Window without Photo of Inspector for Shredded Scrap to Pass Thru Radiation Scanners Installed in Nine India Ports

·   New Procedure for Unshredded Scrap with Inspector Photo to Apply from 1 July

·   PSIC for Shredded Scrap under App 2H-1 Notified

23-PN(RE)/30.06.2015

6026

Al Qaida Trade Prohibited under UNSC Resolution

14-Ntfn(RE)/30.06.2015

6027

Tariff Value of Brass Scrap Falls by $59/MTs; Crude Palm Oil and Palmolein $18/MTs; RBD Palm Oil $8/MTs; Other Palm Oil $37/MTs; Crude Soya Bean Oil $37/MTs

Gold and Silver Down by $3

65-Cus(NT)/30.06.2015

6028

Greece Misses $1.7 Billion IMF Payment, Joins Zimbabwe, Sudan and Cuba in Defaulters Club

ABS News Service/02.07.2015

6029

Fifth Global Review of Aid For Trade

ABS News Service/02.07.2015

6030

New WCO Guide to Customs Valuation and Transfer Pricing

ABS News Service/02.07.2015

6031

China, Japan Anti-dumping FANs Push WTO for Transparency, Due Process, but US, India, Turkey Reluctant

ABS News Service/02.07.2015

6032

G-20 Members Implementing Fewer Trade Restrictions, WTO Says

ABS News Service/02.07.2015

6033

WTO Members Try to Break Farm Subsidy Logjam

ABS News Service/02.07.2015

6034

DGFT Enlarges Pre-Shipment Inspection Agencies (PSIA) for Metallic Waste

Liberalised Policy to Reduce Transaction Cost

24-PN(RE)/02.07.2015

6035

Rupee Gains against All Currencies for Customs Valuation w.e.f. 3 July 2015

66-Cus(NT)/02.07.2015

6036

Export Declaration Form Formality not Required for Re-export of Unsold Rough Diamonds from Special Notified Zone without Entering DTA

01-RBI/02.07.2015

6037

FIEO Meets FM on Declining Export Issue, Pleads for Interest Subsidy and Faster Incentive Disbursal

ABS News Service/06.07.2015

6038

Digital Signature in Excise and Service Tax and Verification thru Pop up Menu

CBEC Instruction/06.07.2015
18-CE(NT)/06.07.2015

6039

Three More Agencies Enlisted for Issuing Certificate of Origin (Non Preferential)

25-PN(RE)/06.07.2015

6040

FDI Prohibitions Applies only to Manufacturing Tobacco Products and not Wholesale Cash and Carry, Retail Trading which is Covered by Respective Sectoral Policy

02-RBI/03.07.2015

6041

Manual Scrutiny of Service Tax Returns – Key Guidelines

185-ST/30.06.2015

6042

Additional Quantity of 2095 MTs Sugar Export Quota to USA thru APEDA Released

26-PN(RE)/07.07.2015

6043

India Takes 18% in $100bn BRICS Forex Pool, China Chips in 41%

ABS News Service/09.07.2015

6044

Observers India and Pakistan to Join the Shanghai Cooperation Organization, Iran too in the Waiting

Central Asia to Join North Asia and South Asia?

ABS News Service/09.07.2015

6045

BRICS in Identity Crisis with Four Languages between Five Nations

ABS News Service/09.07.2015

6046

24 Nations Services Trade (TISA) Secret Negotiations Shows TNC Interest Dominating Civil Society

ABS News Service/09.07.2015

6047

Russian, Chinese Leaders Use SCO and BRICS Summits to Talk Projects

ABS News Service/09.07.2015

6048

Obama Signs Trade Promotion Authority for 3+3 years, TPP Stars Rise

ABS News Service/09.07.2015

6049

WTO Strikes Down Ukraine Safeguards on Japanese Cars

ABS News Service/09.07.2015

6050

Measuring Tapes from China – Dumping Duty Reduced on Steel Tapes to $2.83/kg and Fibre Glass to $1.33/kg in Review (Previous $4.19 and $4.10 Respectively)

31-ADD/09.07.2015

6051

DGAD Initiates Investigation on CR and HR Seamless Steel Tubes from China on Complaint of ISMT, Mah Seamless, Jindal and BHEL

Normal Duty Constructed Artificially

Anti-dumping Initiation Notification F.No.14/2/2015-DGAD dated 8th July 2015

6052

Online Payment Facility for DGFT Application Fees through Credit/ Debit Cards

ABS News Service/09.07.2015

6053

Modi at BRICS Business Council

PIB (PMO) Press Release dated 9th July 2015

6054

Anti-dumping Duty on Phenol from South Africa Raised to $342.76/MT in Review

32-ADD/10.07.2015

6055

Anti-dumping Duty on Glass Fibre from China Extended Till 13 July 2016 for Review

33-ADD/13.07.2015

6056

Crude, Metals, Grains, Precious Metals Crash in June

World Bank

6057

US Swings Deal with Iran to Bring Oil Major in Global Mainstream

Shia Power to Check on Sunni ISIS

This is Probably going to go Down in History as One of the Biggest Diplomatic Successes of the Century

ABS News Service/16.07.2015

6058

Pakistan (and India) also Win from Iran Deal as Gas Pipeline Gets New Life

ABS News Service/16.07.2015

6059

Iran’s Nuclear Deal Means and the Global Crude Oil Market

ABS News Service/16.07.2015

6060

India and USA Signs Inter Governmental Agreement (IGA) to Implement the Foreign Account Tax Compliance Act (FATCA) to Promote Transparency on Tax Matters

ABS News Service/16.07.2015

6061

President Rouhani: Mission Accomplished

ABS News Service/16.07.2015

6062

CBEC Moves to Protect Domestic Manufacturing against Import in Differential Duty Regime

Three Notifications Released on 17 July to Over Ride March 2015 Supreme Court Ruling in SRF Case

34, 35, 36-CE/17.07.2015

6063

MEIS of 5% on Handicrafts Restored

2% MEIS for Japan, Sri Lanka and Bangladesh Introduced

Handicraft Exporters Body given Powers to Classify Export Goods

27-PN(RE)/14.07.2015

6064

Bangladesh and Sri Lanka - 118 MEIS Rates Raised to 2% from 0

28-PN(RE)/15.07.2015

6065

Rupee Gains against All Currencies for Customs Valuation in 16 July 2015 Notification

68-Cus(NT)/16.07.2015

6066

Exports Slide Continues, Down 15.8% in June; Imports to Fall by 13.4%

ABS News Service/18.07.2015

6067

CSIR Claims Victory in Nutmeg Mouthwash Bottle with Colgate Palmolive with Help from TK Database

PIB (MoS&T) Press Release dated 16th July 2015

6068

Tariff Value of Brass Scrap Falls by $45/MTs; Poppy Seeds $689/MTs; Crude Palm Oil $12/MTs; Crude Soya Bean Oil $21/MTs; RBD Palm Oil $8-10/MTs; Palmolein $3/MTs

Gold and Silver Down by $6/10 gms and $18/kg Respectively

67-Cus(NT)/15.07.2015

6069

Export Factoring Services with Recourse Basis Allowed

05-RBI/16.07.2015

6070

RBI Says No to FPI Investment in Short Term Security Deposits of <3 years

06-RBI/16.07.2015

6071

5% Cap on Employees Stock Options to Non Residents Removed, FDI Policy to Provide Caps Norms

04-RBI/16.07.2015

6072

CBEC Protects Differential Duty Regime- Against Imports, For Domestic Manufacturing

Three Notifications Released on 17 July to Over Ride March 2015 Supreme Court Ruling in SRF Case

Zero duty Inputs Eligible for Duty Paid Clause, Dhiren Chemicals Judgement Overruled

37 to 39-CE/21.07.2015;

1005-CBEC/21.07.2015

6073

Diamond Certification and Grading Procedure for Import and Re-export with Duty Exemption Notified

Ntfn 40/21.07.2015

6074

Narcotics Commissioner Gwalior NOC Required for 22 Items

15-Ntfn(RE)/21.07.2015

6075

Service Tax Scrutiny Must for Max 5% of Returns in Each Commissionerate

1004-CBEC/21.07.2015

6076

Minister says IPR Policy to Fully Protect Patents, GIs and Copyrights

Micromax Gets 1.25th Million International Trademark

ABS News Service/23.07.2015

6077

TISA Moves Forward, Byepassing WTO

ABS News Service/23.07.2015

6078

U.A.E. Removes Fuel Subsidy

ABS News Service/23.07.2015

6079

Bailout Reforms Put Heavy Pressure on Greece’s Shipping Industry

ABS News Service/23.07.2015

6080

CFL in CKD/SKD Condition from China – Duty Slashed to $0.302 per pc after Review

Sri Lanka and Vietnam Out of the Net

34-ADD/28.07.2015

6081

DGFT Allows Exports of Sawn Timber Made from Imported Logs to Nepal through Raxaul Border

16-Ntfn(RE)/28.07.2015

6082

Tariff Value of Gold Down by $22/10 gms

69-Cus(NT)/23.07.2015

6083

IT Agreement II Signed by 22 Majors (China, Taiwan, Japan, Thai, MY, SG, EU, US)

·   27 Other Signatories of ITA I (India, Indonesia, Russia, Egypt) not on Board

·   New ITA not to Cover Consumer Goods

·   Telecomm Broadened, Instruments and Multi Components ICs in, Wider Coverage for Monitors

·   Implementation by End of 2015, Final Zero Duty by End 2018

ABS News Service/31.07.2015

6084

Russian Gas Wants Access to EU Market

ABS News Service/31.07.2015

6085

China Stock Market Crash – Individual Investors, Margin Investors

ABS News Service/31.07.2015

6086

Yuan Falls in Hong Kong, Volatility Rises

ABS News Service/31.07.2015

6087

Russia Seeks $117bn in HK as Sanctions Hit Bond Issue

ABS News Service/31.07.2015

6088

Zero Duty Exemption on Anti Tuberculosis Drugs, Diagnostic and Eqpt Import Extended upto 1 April 2016

Ntfn 41/30.07.2015

6089

Zero Excise Exemption on Anti Tuberculosis Drugs, Diagnostic and Eqpt Import Extended upto 1 April 2016

40-CE/30.07.2015

6090

Chief Executive Officers of PSUs can also Issue Duty Exemption Certificate for Import of Aircraft, Aircraft Parts

Ntfn 42/30.07.2015

6091

No Relief on Anti-dumping Review on Foshan Dihai Trading in Ceramic Glazed Tiles Case – Final Duty in 2009 Notification to Apply with Retrospective Effect

35 and 36-ADD/31.07.2015

6092

Tariff Value of Silver Down by $21/kg; Brass Scrap $104/MTs; Crude Palm Oil $15/MTs; Palmolein $13/MTs; Soyabean Oil $26/MTs

72-Cus(NT)/31.07.2015

6093

DGAD Initiates Investigation on Measuring Tapes from Chinese Taipei, Malaysia, Thailand  and Vietnam on Complaint of FMI Ludhiana

14/21/2014-DGAD dated 27.07.2015

6094

DG Shipping Registration Not Required for Import of Capital Goods and Raw Materials for Repairs of Ocean-going Vessels by a Ship Repair Unit

Ntfn 43/04.08.2015

6095

Energy Derivatives Bubble Near Bursting

ABS News Service/08.08.2015

6096

Oil Crash Wipes Out $1.3tn in Value

ABS News Service/08.08.2015

6097

Cotton Yarn Returns to US as Chinese Labour Rises

ABS News Service/08.08.2015

6098

US Restores GSP to India with Retrospective Effect from 1 Aug'13

ABS News Service/08.08.2015

6099

Guatemala Scores Over Peru in Agriculture Duties Case

ABS News Service/08.08.2015

6100

India Builds Destroyers to Match the 62 Subs of China, US Boosts Efforts

ABS News Service/08.08.2015

6101

Korea Ship Builders Lose to China as Oil Crashes

ABS News Service/08.08.2015

6102

Russia Defends Rouble, Cuts Purchases of FC

ABS News Service/08.08.2015

6103

US Loses to Argentina on Beef Ban at WTO, Lifts Ban

OIE Grants Zero FMD Status to Argentina

ABS News Service/08.08.2015

6104

Kazakhstan Approved, Liberia Moves Towards WTO Membership

ABS News Service/08.08.2015

6105

Old Procedure without EDI to Continue for Chapter 3 Reward Scrips for Claims under 2009-2014 Policy

1 July 2015 Deadline Shift to EDI in All Cases Dropped

29-PN/04.08.2015

6106

Rupee Down by 25 paise to Rs. 64.35 against Dollar for Customs Valuation on Imports w.e.f 7 August 2015

Notification No.73/2015 - Customs (N.T.) dated 6 August 2015

6107

Anti-dumping Duty on Viscose Staple Fibre Excluding Bamboo Fibre from China and Indonesia Extended Till 25 July 2016 for Review

Notification No. 37/2015-Customs (ADD) dated 6th August, 2015

6108

Vitamin C Anti-dumping Duty Slashed to $3.74 per kg in Review

Notification No. 38/2015-Customs (ADD) dated 6 August 2015

6109

Rice Bran Oil Export in Bulk Permitted

Ceiling (10,000MT) on Export of Organic Edible Oil Removed – Contract Registration with APEDA Required

Notification No 17 /2015-20 Dated 6 August, 2015

6110

Export Credit of $18.08mn to Chad for Financing Veterinary Pharmaceutical manufacturing Plant

A.P. (DIR Series) Circular No.7 dated 6 August 2015

6111

Customs Duty on Wheat Raised to 10% from Nil Till 1 April 2016

World Wheat Prices Down to $207 per tonnes (Rs. 12.60 per kg)

Ntfn 44/07.08.2015

6112

Crude, Metals, Grains, Precious Metals Prices Crash Continues in July

Gas, World Sugar and Cotton Steady

World Bank

6113

China Devalues Yuan by 1.9%, Forex Market in Turmoil as Stocks Fall

Rupee Expected to Fall

ABS News Service/13.08.2015

6114

India Drops EU FTA for the Time Being

ABS News Service/13.08.2015

6115

Lights Off in Digital India as Environment Ministry Bans Import of Electrical and Electronics Machinery in Second Hand Condition

ABS News Service/13.08.2015

6116

PET Scrap Import Banned

ABS News Service/13.08.2015

6117

Top Management Attested Documents Must for Filing Anti-dumping Petitions

DGAD Trade Notice No. 02 dated 3rd August 2015

6118

Winners and Losers from China’s Yuan Devaluation

ABS News Service/13.08.2015

6119

Excise Intelligence Cracks Down on Service Tax Evasion by Insurance Companies, False Sale Invoices to Detect IRDA and Service Tax Evasion Found

ABS News Service/13.08.2015

6120

Customs Duty on Steel Raised Again by 2.5%

7.5% Items go to 10%; 10% is now 12.5%

Ntfn 45/12.08.2015

6121

Anti-dumping Duty on Flax Fabric from China and Hong Kong Slashed to 75 cents per Metre in Review Findings

Only Fabric with >50% Flax Covered

39-ADD/12.08.2015

6122

Potassium Carbonate from Taiwan Anti-dumping Duty Raised to $153/MT

·        EU and China Dropped

·        No Change for Korea

40-ADD/12.08.2015

6123

DoR Notifies Anti-dumping Duty on Pigment Red (DPP Red 254) from China and Switzerland

41-ADD/17.08.2015

6124

July Exports Fall Again by 10.3%, Imports Fall 10.28%

ABS News Service/18.08.2015

6125

Tariff Value of Gold Up by $9 per 10 gms; Silver $22/kg; Areca nut $184/MTs; Poppy Seeds $275/MTs

Down: Crude Palm Oil $42/MTs; RBD and Other Palm Oil $32 & 37/MTs; Palmolein $41/MTs; Brass Scrap $48/MTs

75-Cus(NT)/14.08.2015

6126

Export Credit of $6.20mn to Myanma Foreign Trade Bank

08-RBI/13.08.2015

6127

Joint Statement between the United Arab Emirates and India

PIB (PMO) Press Release dated 17th August 2015

6128

Free Baggage Limit Raised to 45k from 35K

·   25K Indian Currency Allowed

·   Fewer Duty Free Cigarettes, Flat Panel TV to be Declared

76-Cus(NT)/18.08.2015

6129

Caustic Soda from China and Korea – Anti-dumping Duty Cut in Review

42-ADD/18.08.2015

6130

Anti-dumping Duty Notification on Flexible Slabstock Polyol from China, Korea and Taiwan Rescinded

44-ADD/18.08.2015

6131

PVC Flex Films from China Anti-dumping Extended Till 29 July 2016 in Review

43-ADD/18.08.2015

6132

Umroli (Mah) Port Notified for Bauxite Ore Export Loading

74-Cus(NT)/11.08.2015

6133

Yuan Falls 2.9 percent, Reserves Take a $40 Billion Hit

ABS News Service/20.08.2015

6134

OPEC’s ‘Fragile Five’ Face Rising Cost in the Fight for Oil Market Share

ABS News Service/20.08.2015

6135

Rupee Recovers, Export Fall Slows

ABS News Service/20.08.2015

6136

U.S. Wins at WTO Compliance Panel on China Duties on Steel

ABS News Service/20.08.2015

6137

Rupee Falls to Rs. 65.75 against Dollar for Customs Valuation on Imports w.e.f 21 August 2015, Euro Now 73.45

81-Cus(NT)/20.08.2015

6138

MEP on Onions Including Bangalore Rose Hiked by 66% to $700/MT or Rs. 42 per kg from $425/MT

18-Ntfn/24.08.2015

6139

Anti-dumping Duty on Phosphoric Acid from Korea Slashed by $59.12 per MT in Review Findings, New ADD $162.52 per MT

45-ADD/24.08.2015

6140

Rupee Falls by Rs. 4.15 against Euro for Customs Valuation on Import w.e.f. 26 August 2015

82-Cus(NT)/25.08.2015

6141

AEO to get Five Year Recognition Certificates now with Annual Review

21-CBEC/19.08.2015

6142

e-Biz Platform for Filing Foreign Currency Transfer of Shares (FCTRS) Returns under FDI Scheme

09-RBI/21.08.2015

6143

DGFT Clarifies Procedure for Filing Applications under MEIS and SEIS by SEZs and EOUs Units

30-PN(RE)/26.08.2015

6144

Textile Reprocessing under EOU Scheme Not Allowed

31-PN(RE)/26.08.2015

6145

Revenue Secretary Hasmukh Adhia takes over from Das

ABS News Service/03.09.2015

6146

CBDT Announces 15 Lakh Reward to Informants for Tax Recovery

Instruction No.7/2015 [F.NO.385/21/2015-IT(B)], Dated 26-8-2015

6147

Chairman CBEC Assures No Hold Ups of Drawback to Exporters

ABS News Service/03.09.2015

6148

Putin’s Got a New Problem with China

ABS News Service/03.09.2015

6149

Xiaomi Considers Introducing Laptop to Compete With Apple

ABS News Service/03.09.2015

6150

Oil Hits $40, Petrol Prices Fall to Rs. 61 in Delhi

ABS News Service/03.09.2015

6151

New Directorate for Tax Payer Services in CBEC, DG Inspection Renamed as Directorate of Performance Management

Order No. 02/Ad.IV/2015 dated 17 August 2015

6152

DG Safeguards Examines Steel for Action

ABS News Service/03.09.2015

6153

Niger, First LDC to Ratify the Trade Facilitation Agreement

ABS News Service/03.09.2015

6154

Apple Loses German Top Court Case on Swipe-to-Unlock Patent

ABS News Service/03.09.2015

6155

First Swiss Recession in Six Years

ABS News Service/03.09.2015

6156

Tariff Value Up: Gold $6/10 gms; Poppy Seeds $276/MT; Crude Soyabean Oil $4/MT

Down: Silver $28/kg; Brass Scrap $157/MT; Crude Palm Oil $60/MT; RBD Palm Oil $53/MT; Palmolein $33/MT

83-Cus(NT)/31.08.2015

6157

Anti-dumping Duty on NBR from Korea Slashed to $85/MT from $362.75/MT in Review

46-ADD/04.09.2015

6158

Rupee Falls to Rs. 66.85 against Dollar for Imports w.e.f 4 Sept 2015, Euro at Rs. 73.35

84-Cus(NT)/03.09.2015

6159

Azo Dyes Testing Exempted for EU, China, Serbia, Poland and Denmark

19-Ntfn/04.09.2015
32-PN/04.09.2015

6160

CBEC Clamps Down on Delays, No Multiple Queries Please

22-CBEC/03.09.2015

6161

Financial Transfers from Third Party Exporter must for Past EPCG Licences

03-Pol.Cir/02.09.2015

6162

Crude, Metals, Palm Oil, Grains, Precious Metals Prices Fall Continues in August

World Bank

6163

Dipped Belting Fabrics Conveyor Duck SION Notifies

33-PN/04.09.2015

6164

Kathuwas and Mandhan Village (Raj) ICDs Notified for Unloading and Loading Goods

85-Cus(NT)/04.09.2015

6165

Rupee Value under Indo-USSR Deferred Payment Protocols Revised to Rs. 81.3268160 w.e.f. 27 Aug 2015

10-RBI/03.09.2015

6166

HR Coils of 600 mm plus under Safeguard Duty Lens, 10% to 15% Protection on the Anvil

·   SAIL, Essar and JSW Complain of Sudden Rise in Imports

·   Safeguard Action Severe, All Imports Regardless of Source will be Hit

·   Downstream Users in Machinery and Construction Affected, Exports will Suffer

·   Fall in Profit of Domestic Industry only in Last Three Months

·   Recent Protection with Hike of Duty to 12.5% from 7.5% is not Enough, Claims Industry

·   Small Steel Plant Affected by Price Crash but Complaint by Large Companies

Safeguard Initiation Notice F.No. D-22011/26/2015/Pt-I dated 7th September 2015

6167

Anti-dumping Duty on Float Glass from China Raised by $85/MT in Review

Indonesia Out of Net

47-ADD/08.09.2015

6168

Sugar Exports – Registration of Quantity with DGFT Not Required, APEDA Registration Continue

20-Ntfn/07.09.2015

6169

Vinay Chhabra Appointed DG Safeguards

91-Cus(NT)/07.09.2015

6170

Anup Wadhawan Takes Over as New DGFT from Pravir Kumar

ABS News Service/10.09.2015

6171

Vietnam Launches Safeguard Investigation on Monosodium Glutamate

ABS News Service/10.09.2015

6172

Safeguard Duty of 20% on HR Coils of 600 mm plus Slapped for 200 Days Provisionally

New DG Issues 8 Pages Order within Two Days of Application!

DG Safeguard Notification GSRD- 22011/26/2015 dated 9th September 2015

6173

Border Haat on India-Bangladesh at Srinagar, Tripura and Tarapur Kasba – Free Trade upto $100 per Transaction within 5 km Allowed

34-PN/09.09.2015

6174

DoR Notifies Provisional Safeguard Duty of 20% on HR Coils of 600 mm plus based on 2 Day “Express” Finding of Safeguard Directorate

02-SG/14.09.2015

6175

RBI Allows Suppliers Credit for Capital Goods Import upto 5 Years, 3 Years for Raw Material

13-RBI/10.09.2015

6176

Apple Imports only through Nhava Sheva Port

21-Ntfn/14.09.2015

6177

Modification in e-IEC as well as Physical IECs will now be carried out Online only at a Fee of Rs. 200 thru Net Banking – Effective from 21 Sept 2015

36-PN/14.09.2015

6178

STC Listed for Gold Import as Nominated Agency

Duty Free Natural Rubber in AA must be Exported within Six Months of Import – Retrospective Amendment from 1 April 2015

35-PN/11.09.2015

6179

EEFC Statements to RBI from ADs Dropped

11-RBI/10.09.2015

6180

RBI Simplifies Guidelines for Opening New Branches by Money Changers

12-RBI/10.09.2015

6181

August Exports Crash 21%; Imports Fall 10%

ABS News Service/17.09.2015

6182

DGFT Online Certificate Program in Export Import Business

First Session Begins from First Week of Oct

Certified Exporter in 20 Days for Rs. 25k

05-TN/10.09.2015

6183

Tariff Value of Gold Down by $10 per 10 gms; Brass Scrap $53/MTs; Crude Palm Oil $24/MTs; Palmolein $27/MTs; Crude Soya bean Oil $8/MTs

92-Cus(NT)/15.09.2015

6184

Germany Hosts Migrants Looking for Refugee from War

  Economies to Gain from Cheap Migrant Labour

  War Implements Free Movement of Labour

  WTO should Recognize the Migrant Movements to Protect Labour Rights under ILO

  Germany is expecting 800,000 refugees this year- the most of any country in Europe

ABS News Service/17.09.2015

6185

How Low Can Oil Go? Goldman Says $20 a Barrel Is a Possibility

ABS News Service/17.09.2015

6186

U.S. Dollar is Gaining Like It’s the 1980s – For Better or Worse

ABS News Service/17.09.2015

6187

Vegetable Oils Import Duty Hiked by 5%

·   7.5% goes up to 12.5%

·   15% Rises to 20%

Bunker Fuel Exemption Procedure for Indian Flag Vessels between Coastal Ports Rationilised

Gorakhpur – Haryana, Kudankulam Nuclear Power Projects Notified for Duty Exemption

Ntfn 46/17.09.2015

6188

Rupee Falls to Rs. 67.05 against Dollar for Import w.e.f. 18 Sept 2015, Euro at Rs. 76.10

93-Cus(NT)/17.09.2015

6189

Bunker Fuel Excise Exemption Procedure for Indian Flag Vessels between Coastal Ports Rationalised

41-CE/17.09.2015

6190

Export Credit of $26.24mn to Nicaragua for Building of Carlos Fonseca Substation

14-RBI/16.09.2015

6191

Commerce Says Bye Bye to ATA Carnet for Exhibitions but Customs Yet to Amend Condition of ITPO Approval in Ntfn 3/89

Bond Condition under Ntfn 157/90 Remains

37-PN/21.09.2015

6192

HDPE Removed from Duty Free List for Optical Fibre Cables

Ntfn 47/22.09.2015

6193

Chief Commissioner can Adjudicate Orders of Principal Commissioner

94-Cus(NT)/18.09.2015

6194

Xi Jinping in US, China on the Defensive

ABS News Service/24.09.2015

6195

PM Modi’s US Visit Stage: $2.5-bn Attack Chopper Deal and Kerry-Sushma Dialogue

ABS News Service/24.09.2015

6196

Permanent UNSC Seat: Global Policing Burden for India’s Men and Materials

ABS News Service/24.09.2015

6197

Dollar Is Overvalued?

ABS News Service/24.09.2015

6198

China in SAARC Threatens India’s Dominance

ABS News Service/24.09.2015

6199

Denmark Needs Immigration to Boost 1.5% Growth Rate

ABS News Service/24.09.2015

6200

EU Wants TRIPS Waiver Forever on Pharma Products for LDCs

ABS News Service/24.09.2015

6201

Kavita Gupta Addl DGFT Mumbai Moves to Textile Commissioner Mumbai for Two Years

ABS News Service/24.09.2015

6202

Euro 500mn Farmer Aid Package in EU

ABS News Service/24.09.2015

6203

European Commission Draft on Investment Court

ABS News Service/24.09.2015

6204

Commodity Stocks Fall, Govt Bonds Rally With Yen

ABS News Service/24.09.2015

6205

South Africa Allows US Chicken in Special Deal

ABS News Service/24.09.2015

6206

Kurds cannot Sell Oil in U.S.

ABS News Service/24.09.2015

6207

ChAFTA (China – Australia FTA) Undoes Abbott

ABS News Service/24.09.2015

6208

Russia’s Plan to Crack Tor Crumbles

ABS News Service/24.09.2015

6209

Online Payment Allowed for Imports upto $2k ($10k for Exports)

16-RBI/24.09.2015

6210

Refund of Safeguard Duties on Export Goods on Brand Rate on Drawback Route

23-CBEC/29.09.2015

6211

Mumbai Customs on Manual Mode for Registration of Reward Scrips, EDI System not Functional

17-PN/28.09.2015

6212

Rupee Denominated Bonds upto $750mn Issue Outside India Recognised in ECB

17-RBI/29.09.2015

6213

RBI Seeks Views on Merging ECB in General Bank Capital Policy Frame

RBI Press Release dated 23rd September 2015

6214

Foreign Accounts of Ship/Airline Manning Agencies

15-RBI/24.09.2015

6215

Positive and Negative List of Drugs for NOC from Drug Controller Released by Mumbai Customs

13-PN/05.09.2015

6216

Chartered Engineer Certificate for Valuation of Second Hand Machinery Imports – Mumbai Customs Lists Procedure

12-PN/28.08.2015

6217

Service Tax Non Deposit of Rs. 2.94 crs by Chennai Based IT Software Service Detected

DGCEI, Chennai Press Note dated 22nd September 2015

6218

Rupee Gains against South African Rand by 25 paise

95-Cus(NT)/29.09.2015

6219

Zero Duty on Pulses Import Extended Indefinitely, Expiry Date of 30 September 2015 Removed

Lentils (Mosur), Chickpeas Import Duty Free Till 1 January 2016

Ntfn 48/30.09.2015

6220

Tariff Value Up: Gold $9/10 gms; Silver $4/kg; Crude Palm Oil $23/MTs; Palmolein $20/MTs

Down: Crass Scrap $31/MTs; Crude Soyabean Oil $12/MTs

96-Cus(NT)/30.09.2015

6221

International Society for Small and Medium Enterprises New Delhi Notified as Authorised Agency to Issue Certificate of Origin (Non-Preferential)

38-PN/01.10.2015

6222

Sesame (Til) and Niger (Kala Til) Seed Shifted to Indian Oil Seeds & Produce EPC from Shellac & Forest Products EPC

39-PN/01.10.2015

6223

FEMA Proceeding will be Dropped in Black Money Declaration Cases

Assets Abroad can be Retained Subject to RBI Approval

18-RBI/30.09.2015

6224

Rupee Gains 90 paise against Dollar for Import Valuation w.e.f. 2 Oct 2015

97-Cus(NT)/01.10.2015

6225

Butter, Ghee and Butter Oil Duty Hiked to 40% from 30% for Six Months Period (05.10.2015 – 31.03.2016)

Ntfn 49/05.10.2015

6226

Ancillary Services in Transportation of Goods will be Abated 70% for Service Tax, CBEC Clarifies using the “Essential Character” Argument

186-ST/05.10.2015

6227

Board Orders Non Implementation of Circulars Contrary to SC Special Bench Order Set up on 28 Feb 2015

1006-CBEC/21.09.2015

6228

No Out of Court Settlement in Gold Smuggling, Settlement Commission has No Jurisdiction Says Delhi HC

CBEC Instruction F.No. 275/46/2015-CX.8A dated 1st October 2015

6229

CBEC to Host 11th Asia Europe Meeting (ASEM) on Trade Facilitation and IPR at Goa on 8-9 Oct 2015, All Heads of Customs to Attend

ABS News Service/06.10.2015

6230

India and Germany Sign Agreements for Furthering Cooperation in the Field of Science & Technology

ABS News Service/06.10.2015

6231

ITC (HS) Code of 1-Phenyl-2-Propanone Corrected as 29143100 under Export Policy

22-Ntfn/06.10.2015

6232

12 Nations on Pacific Rim Sign TPP Pacts in Atlanta

ABS News Service/08.10.2015

6233

TPP Trade Deal: Who Stands to Gain, Suffer in Asia-Pacific; China Biggest Loser

ABS News Service/08.10.2015

6234

No Manipulation of Forex Rates Allowed in TPP

ABS News Service/08.10.2015

6235

Abe Wants China in TPP, Japan Agri under Threat of Cheap Imports

ABS News Service/08.10.2015

6236

Gold Smuggling Rises with Onset of Festive Season

Official Import Low Due to Non Tariff Barriers

ABS News Service/08.10.2015

6237

CBEC Chairman Najib Shah is only “Acting” as Chief

Action against Adani comes in the Way

Complaints by in-service Competitors Holds up Promotion

ABS News Service/08.10.2015

6238

Theft of Mobiles at Airports

ABS News Service/08.10.2015

6239

Seed Quality Rice Export under Licence, Dealer Registration under Seed Act Required

·   Paddy and Rough Rice Export under Restricted List

·   Free of Milled Basmati and Non Basmati Rice Continues

23-Ntfn/07.10.2015

6240

EOU to DTA Movement of Tags, Bags, Buttons Allowed in Course of Exports under Para 6.09(g) of Foreign Trade Policy 2015-20

20-CE(NT)/24.09.2015

6241

Molasses Cenvat Credit for Ethanol Blended Petrol Allowed

21-CE(NT)/07.10.2015

6242

Foreign Portfolio Investors (FPI) Limit in Govt Securities Enhanced

19-RBI/06.10.2015

6243

Customs Goa Declaration – ASEM Commits to Developed Countries Agenda of Trade Facilitation and IPR Protection

ABS News Service/10.10.2015

6244

Najeeb Shah Inaugurates 44 Members Asia Europe Customs Meet at Goa, Calls for Income Tax and Customs Cooperation

ABS News Service/10.10.2015

6245

Aircraft and Helicopters Free Importability Policy Updated, Dead Organisations Deleted

24-Ntfn/09.10.2015

6246

Commerce Secy Meets 27 EPCs to Stop Crashing Exports, Says No to Demand for More Incentives

ABS News Service/10.10.2015

6247

FIEO Lists 36 Items for Annual $22bn New Exports

ABS News Service/10.10.2015

6248

Commonwealth Finance Ministers Meet in World Bank in Lima

ABS News Service/10.10.2015

6249

New DGFT Wadhawan Holds PRC Meet on Advance Authorization and Left Hand Drive Cases, Softens Stance in Regularisation

ABS News Service/10.10.2015

6250

Only 11 Cases Approved by FIPB in 11 Sept Meet

ABS News Service/10.10.2015

6251

MEIS Claims for Wrongly Filled Shipping Bills for Exports between 1 April to 31 May 2015 Allowed

Customs EDI System from 1 June 2015 to Allow only Correctly Filled Shipping Bills for MEIS

40-PN/09.10.2015

6252

DGFT Releases Sugar Quota for EU (10,000 MTs) and US (8424 MTs) for Oct 2015 to Sept 2016

41-PN/13.10.2015

6253

Coconut Oil in Small Packs cannot be Called Hair Oil, Exemption Applicable

1007-CBEC/12.10.2015

6254

Non Tariff Barriers and 10% Gold Duty Spurs Gold Smuggling

ABS News Service/15.10.2015

6255

Gold Surge to 3½-Month High

ABS News Service/15.10.2015

6256

Excise Intelligence Cracks Down on Service Tax Evasion of Rs. 3.24 crs by Bangalore Builder

DGCEI, Bengaluru Press Note F.No. V/30/2015-16/BZU dated 9th October 2015

6257

Dept of Revenue Issues Sept 2015 Provisional Indirect Revenue Collection Details

Excise Revenue Jumps 70%

CBEC Office Memorandum (F. No.297/07/2015-CX.9) dated 9th October 2015

6258

Setting Up of High Level Committee to Interact with Trade and Industry on Tax Law

Press Note/12.10.2015

6259

RBI Allows FCY-INR Options Forward Contract by Resident Individuals upto $1mn on the basis of a Simple Declaration

20-RBI/08.10.2015

6260

Mini Nairobi Package on LDCs for Nairobi WTO MC10

Bangladesh Leads the LDC Pack

ABS News Service/15.10.2015

6261

BoB, HDFC in Forex Fraud Case of Rs. 3500 Crs

ABS News Service/15.10.2015

6262

ACU in Trade Restored after Iran Joins Mainstream, Rupee Trade thru ACU Returns

21-RBI/08.10.2015

6263

Sept Exports Crash 24.33%; Imports Fall 25.42%

ABS News Service/16.10.2015

6264

Rupee Gains 80 paise against Dollar for Import w.e.f. 16 Oct 2015

101-Cus(NT)/15.10.2015

6265

Board Encourages Electronic Transmission of Delivery Order to Improve “Ease of Doing Business”

24-CBEC/14.10.2015

6266

Tirupati Airport Notified for Loading and Unloading Goods

99-Cus(NT)/15.10.2015

6267

Second Hand Machinery Valuation by DGFT Approved Agencies at Discharge Port Allowed

·   New 2015 Guidelines Replace 2008 Circular

·   Inspection Forms with Certifications for Value Additions Introduced

25-CBEC/15.10.2015

6268

DGAD Revives Anti-dumping Duty on Tiles from China after Five Year Sunset of 2008 Measure

Anti-dumping Initiation Notification No.14/14/2014-DGAD dated 13th October 2015

6269

Wheat Duty Hiked to 25% from 10% for the Next Six Months

   World Price of Soft Wheat Falls by $20 to $194

   7 August 2015, Hike to 10% from Nil

   Last Year Oct-Dec Price $239, Current $194

Ntfn 51/19.10.2015

6270

Relief to Bio Diesel Manufacturers

42-CE/19.10.2015

6271

NMDC Iron Ore Export Duty Cut to 10%

Ntfn 50/16.10.2015

6272

Final Notice to Clear Queries on 3624 Five Year Old Pending Drawback Claims

07-FN/14.10.2015

6273

Tariff Value Up: Gold $14/10 gms; Silver $44/kg; Arecanuts $210/MTs; Poppy Seeds $184/MTs; Crude Palm Oil $42/MTs; Palmolein $39/MTs; Other Palm Oil $39-41/MTs

Down: Brass Scrap $23/MTs

100-Cus(NT)/15.10.2015

6274

CWM now Offers Valuation Services at All Major Ports in India

ABS News Service/21.10.2015

6275

CBEC Clarifies Doors and Electrical Boxes are Components of Wind Mill

1008-CBEC/20.10.2015

6276

50th Ratification of Trade Facilitation Agreement received

ABS News Service/21.10.2015

6277

Iran Moves Towards Compliance on Nuclear as Sanctions Lifting Begins

ABS News Service/21.10.2015

6278

Revenue Relents on Draconian Prosecution Powers, Customs, Excise Service Tax Limits Raised to Rs. 1 crs, Smuggling and Baggage Cases Rs. 20 lakhs

1009 and 1010-CBEC/23.10.2015

6279

Only Digital Signature in Filing by CHAs, Shipping Cos and Airlines from 1 Jan 2016

·   Trade has Option of Manual Filing also

26-CBEC/23.10.2015

6280

Anti-dumping Duty on Fully Drawn Polyester Yarn from China and Thailand to Continue for Another Five Years

·   Vietnam Out of Net

51-ADD/21.10.2015

6281

Anti-dumping Duty on Hexamine from China and UAE Notified for 5 Years

50-ADD/21.10.2015

6282

Front Axle Beams and Steering Knuckles for Commercial Vehicles from China – Anti-dumping Duty to Continue for Another Five Years in Review

49-ADD/21.10.2015

6283

Anti-dumping Duty on Fibre Board Slashed on China, Malaysia, Sri Lanka and Thailand in Review

48-ADD/21.10.2015

6284

Service Tax on Banking Correspondent in Jan Dhan Yojana Exempted

20-ST/21.10.2015

6285

Annual Return on Foreign Liabilities and Assets by LLPs – 21 Digit CIN

22-RBI/21.10.2015

6286

Revenue Relents on Draconian Prosecution Powers, Customs, Excise Service Tax Limits Raised to Rs. 1 crs, Smuggling and Baggage Cases Rs. 20 lakhs – CBEC Circular

27 and 28-CBEC/23.10.2015

6287

DGAD Initiates Investigation on AA Dry Cell Batteries from China and Vietnam on Complaint of Eveready, Panasonic and NIPPO

Anti-dumping Initiation Notification No.14/31/2014-DGAD dated 20th October 2015

6288

Bangladesh and Nepal both LDCs now in Anti-dumping Net on Complaint of Jute Industries

Anti-dumping Initiation Notification No. 14/19/2015-DGAD dated 21st October 2015

6289

4th India Africa Trade Ministers Meeting held in New Delhi – Joint Statement

ABS News Service/27.10.2015

6290

40 African Heads to Land in Capital

India Seeks Larger Footprint in the Dark Continent

ABS News Service/29.10.2015

6291

Africa Business Leads – Key Events

ABS News Service/29.10.2015

6292

110 New Items Notified for MEIS Benefits

2% MEIS on Medical Instruments; 5% on Sports Goods

44-PN/29.10.2015

6293

Delhi Declaration 2015 – India-Africa Forum Summit

ABS News Service/30.10.2015

6294

India-Africa Framework for Strategic Cooperation

ABS News Service/30.10.2015

6295

Leather Export thru Jalandhar and Nagpur ICDs Allowed

43-PN/28.10.2015

6296

Human Embryo Imports Prohibited

25-Ntfn/26.10.2015

6297

Reward Rates for Services Export Extended to 31 March 2016

42-PN/26.10.2015

6298

China and Taiwan Narrow Woven Fabrics Anti-dumping Duty Extended Till 5 Oct 2016

52-ADD/28.10.2015

6299

Finally Najib Shah is Full Time Chairman CBEC, ACC Approves Appointment

Public Pressures Forces Minister to Relent, Justice to Star Performer

ABS News Service/30.10.2015

6300

Tariq Glass Industries, Pak moves New Shipper Review on Float Glass

Provisional Assessment without Duty Ordered

53-ADD/30.10.2015

6301

Chief Comm to give Permission on Self Sealing of Bulk Cargo Export from Place of Lading

1011-CBEC/30.10.2015
23-CE(NT)/30.10.2015

6302

Soya Oil Tariff Value Up by $49/MTs

102-Cus(NT)/30.10.2015

6303

Judiciary Lays Down the Law Again!

No Human Embryos, Please

ABS News Service/06.11.2015

6304

US for 236% Anti Subsidy Duty on Chinese Galvanized Steel, India at 7.7 percent

ABS News Service/06.11.2015

6305

ACP Trade Ministers Say No to Doha Conclusion at Nairobi Ministerial

ABS News Service/06.11.2015

6306

Trade Costs Translates to 210% Tariff

ABS News Service/06.11.2015

6307

Trade Restrictions on the Rise in G20

ABS News Service/06.11.2015

6308

No More Law Firms of Foreign Origin in India, Orders Supreme Court

23-RBI/29.10.2015

6309

Excise Hike of Rs. 1.60 per litre for Petrol and Rs. 0.40 per litre for Diesel from 7 Nov 2015

43-CE/06.11.2015

6310

Manual Process for Past Claims of FPS in 01.03.2014 to 31.08.2014 Allowed

08-TN/03.11.2015

6311

Swachh Bharat Cess of 0.5% as Service Tax on All Services from 15 Nov 2015 Announced

ABS News Service/07.11.2015

6312

Swachh Bharat Tax under Chapter VI of FA 2015

21-ST/06.11.2015

6313

SBST of 0.5% Notified

22-ST/06.11.2015

6314

Rupee Falls by 85 paise to Rs. 66.20 against Dollar for Import w.e.f. 6 Nov 2015; Gains Rs. 3 against Euro for Imports

106-Cus(NT)/05.11.2015

6315

Tumb ICD (Dist. Valsad) Notified for Unloading and Loading Goods

103-Cus(NT)/03.11.2015

6316

Crude, Edible Oil, Precious Metals Gain in Oct

·        Coal, Natural Gas, Urea, Metals Down

·        Groundnuts, Woodpulp, Cotton and Rubber Steady

World Bank

6317

NRIs can Subscribe National Pension System as an Investment under FEMA

24-RBI/29.10.2015

6318

Draft Structure and Terms of Reference of South Asia Crime Network Finalised

ABS News Service/07.11.2015

6319

Service Exporters to Get Refund of Service Tax Paid on Inputs

187-ST/10.11.2015

6320

Consumption Register – Appendix Number Corrected as Appendix 4H instead of Appendix 4G

46-PN/09.11.2015

6321

Quality Certification Applications for Enlistment to be Submitted to DGFT Instead of Concerned RA

45-PN/09.11.2015

6322

Gold Tariff Value Down by $19/10 gms

107-Cus(NT)/09.11.2015

6323

Rupee Value under Indo-USSR Deferred Payment Protocols Revised to Rs. 78.1657270 w.e.f. 28 Oct 2015

25-RBI/05.11.2015

6324

Indo-Myanmar Trade Switches to Normal Trade from Barter Trade with any Permitted Currency or ACU from 1 Dec 2015

26-RBI/05.11.2015

6325

RBI Extends Bulk or Single Sheet SOFTEX Reporting to All Software Exporters

27-RBI/05.11.2015

6326

RBI Relaxes Facilities to Residents for Hedging of Foreign Currency Borrowings

28-RBI/05.11.2015

6327

WTO Disputes Reach 500 Mark – Pak Files Complaint against South Africa in Cement Dispute

ABS News Service/14.11.2015

6328

TBT Meet Discusses Tyres, Toy Safety and Food

ABS News Service/14.11.2015

6329

GE-Indian Railways to Make 100 Locos per year in $5.6bn Deal

ABS News Service/14.11.2015

6327

Swachh Bharat Cess (SBC) Clarifications

ABS News Service/14.11.2015

6328

Swachh Bharat Cess (SBC) – Frequently Asked Questions (FAQ)

ABS News Service/14.11.2015

6329

Silver Tariff Value Down by $47/kg; Brass Scrap $25/MTs

108-Cus(NT)/13.11.2015

6330

WTO Disputes Reach 500 Mark – Pak Files Complaint against South Africa in Cement Dispute

ABS News Service/14.11.2015

6331

TBT Meet Discusses Tyres, Toy Safety and Food

ABS News Service/14.11.2015

6332

GE-Indian Railways to Make 100 Locos per year in $5.6bn Deal

ABS News Service/14.11.2015

6333

Duty Drawback 2015-16 Effective from 23 Nov 2015 Notified

Move to Boost Export

29-CBEC/16.11.2015

6334

Dept of Revenue Releases New Drawback Schedule w.e.f. 23 Nov 2015

110/2015 - Customs (N.T.) dated 16 November 2015

6335

New Drawback Schedule 2015-16

 

6336

Dept of Revenue Amends Customs, Central Excise Duties and Service Tax Drawback Rules, 1995

109/2015-Customs (N. T.) dated 16 November 2015

6337

Oct Exports Fall by 17.53%; Imports Down 21%

Trade Says Prospects Bleak

ABS News Service/16.11.2015

6338

Carbon Black from China, Russia – Anti-dumping Duty to Continue for Next Five Years

Thailand Out of Carbon Black Anti-dumping after Review

Notification No. 54/2015-Customs (ADD) dated 18.11.2015

6339

Rupee Falls by 50 paise to Rs. 66.70against Dollar for Imports w.e.f 20 November 2015

Notification No. 112/2015 - Customs (N.T.) dated 19.11.2015

6340

Shahebganj and  Haldibari in Cooch Behar (WB) LCSs Notified for Road Route w.e.f. 30 Nov 2015

Notification No. 111/2015-Customs (N.T) dated 18.11.2015

6341

Accounting Code for SBC Payment Notified

Service tax Circular No. 188/7/2015-ST dated 16.11.2015

6342

Technology Import Subsidy for MSME

ABS News Service/19.11.2015

6343

Zambia Fails International Beef Standards

ABS News Service/19.11.2015

6344

TRQ of 15,000MT on White Butter, Butte Oil and Anhydrous Milk Fat at Nil Duty Withdrawn, 40% Duty to Apply

·        Further Protection to Indian Industry from Crash in Global Prices

Notification No. 52/2015-Customs dated 20 November 2015

6345

Ombudsmen to Mew to Meet Trade Association to Solve Procedural Problems and Refund Delays

ABS News Service/20.11.2015

6346

Duty Cut of 0.28% to 1.67% in Indo-Singapore FTA – Effective from 1 December 2015

·        400 Items at Zero Duty

·        131 Items at 5%

Notification No. 53/2015-Customs dated 23 November 2015

6347

Ship Building Outside Customs Bond Allowed with Full BCD and CVD Exemption under Excise Supervision

Notification No. 54/2015-Customs dated 24 November 2015

6348

Ship Building Outside Customs Bond Allowed with Full CVD Exemption under Excise Supervision

Notification No.  44/2015-Central Excise 24.11.2015

6349

EOUs Allowed to do Ship Building under Duty Free Conditions

Notification No. 55/2015-Customs dated 24.11.2015

6350

EOUs Allowed to Sell Ships with Excise Exemption into DTA

Notification No. 45/2015-Central Excise dated 24 November 2015

6351

Amendments in FEMA – Real Estate “Investment Vehicles” Recognized in Security Transfer Rules

Notification No. FEMA. 355/2015-RB dated November 16, 2015 and Notification No. FEMA. 345/2015-RB dated November 16, 2015

6352

ASEAN 10 Creates New Community under Malaysia’s Chairmanship, Erects Wall against India, China

ABS News Service/27.11.2015

6353

Some Highlights of PM Modi Visit to KL and Singapore

ABS News Service/27.11.2015

6354

Afghanistan to Join WTO at Nairobi Ministerial

ABS News Service/27.11.2015

6355

Saudi Riyal Shakes with Crude Fall, Link to Dollar Weakens

ABS News Service/27.11.2015

6356

Indonesia Rejoins OPEC as its 13th Member

ABS News Service/27.11.2015

6357

New Liberalised ECB Policy Released

32-RBI/30.11.2015

6358

No Service Tax on Seed Testing in Agricultural Operations

189-ST/26.11.2015

6359

Re-export Bill of Entry and Courier Bill of Entry Equivalent of Exchange Control Copy as Evidence of Import

29-RBI/26.11.2015

6360

Civil Aviation Approval for Aircraft upto $50mn not Required

30-RBI/26.11.2015

6361

RBI Permits Foreign Portfolio Investors to Acquire NCDs/Bonds under Default

31-RBI/26.11.2015

6362

Chief Commissioner to Examine 7 Day Plus Import Delay Cases

CBEC Circular F.No.450/25/2009-Cus.lV dated 18th November 2015

6363

BIS Restriction on Tyres Import to Cover Tyres in Vehicles – Declaration on Tyre Standard Must – Instructions should be Strictly Implemented, Says CBEC

CBEC Instruction dated 20th November 2015

6364

Board Lays Out Drill for Reconciling Bank Realisation and Drawback Claims in Pre EDI Phase

CBEC Instruction dated 27th November 2015

6365

Draft Nairobi Ministerial Declaration

ABS News Service/04.11.2015

6366

Climate Talks Over Potluck Dinner

Only Pav Bhaji in Javadekar Tray?

ABS News Service/04.11.2015

6367

US Bathia (India) Reappointed in WTO Appellate Body

ABS News Service/04.11.2015

6368

Modi at Climate Change Paris Meet

ABS News Service/04.11.2015

6369

Rupee Falls by 55 paise to Rs. 67.25 against Dollar for Imports w.e.f 4 December 2015

136-Cus(NT)/03.12.2015

6370

Anti-dumping Duty on Injection Moulding Machines from China

·    Duty Slashed to 29% from 60%-174% in Review

·    No of Entries Down to Three from 13

57-ADD/04.12.2015

6371

Market Leader Dhanuka Group of IG Petro Lands Anti-dumping Duty on PAN Exported below “Associated Normal Value”

·     Russia and Japan Targetted

56-ADD/04.12.2015

6372

Anti-dumping Duty Slapped on Melamine Tableware and Kitchenware Products from China, Thailand and Vietnam for Five Years on Sole Complaint by Milton

55-ADD/04.12.2015

6373

Crude, Edible Oil, Metals, Precious Metals Crash Again in Nov

·     Coal, Sugar, Urea Up

·     Woodpulp, Rock Phosphate and TSP Steady

ABS News Service/07.12.2015

6374

NEIIPP Registered Units not be Denied Excise Concession in North East

1012-TRU Cir/02.12.2015

6375

Provisional Anti-dumping Duty Slapped on Methylene Chloride from China and Russia on Chemplast and Gujarat Fluoro Complaint

EU and US Already under Anti-dumping Net from 21 May 2014

58-ADD/08.12.2015

6376

CBEC Issues Guidelines for Handling Confiscated Gold and other Valuables to Stop Thefts

CBEC Instruction/01.12.2015

6377

Anti-dumping Duty of $31.22 per kg on Gliclazide from China Notified for Five Years on Petition of Bal Pharma, Bangalore

59-ADD/08.12.2015

6378

DRI to Adjudicate Rs. 5 Crores Plus Cases

30-CBEC/04.12.2015

6379

Nov Excise Return and Service Tax Payment Date Extended to 31 Dec 2015

CBEC Office Memorandum/ 05.12.2015

6380

Customs to Cancel Advance Authorisation Bonds within 10 Days of Application

CBEC Instruction F.No.605/71/2015-DBK dated 2nd December 2015

6381

Jurisdictions of New Excise Principal Chief Commissioner, Chief Commissioner, Principal Commissioner and Commissioner

24-CE(NT)/07.12.2015

6382

Palwal (Haryana) ICD Notified for Unloading and Loading Goods

137-Cus(NT)/07.12.2015

6383

India, China Cross Fence to Support Doha Agenda

·     Wants Way Forward on Market Access, Agri, TRIPS

·     TPP Challenges WTO Authority, Developing Countries Seek Refuge in WTO

ABS News Service/12.12.2015

6384

Yuan Finally Lands in IMF SDR Basket of Four ($, €, £, ¥)

   IMF Certifies Yuan is Widely Used, Widely Traded

   Revised Basket Comes into Effect from 10 Oct 2016

   India to Take a Call on Rupee Convertibility to Yuan

ABS News Service/12.12.2015

6385

‘Heart of Asia’ Meets to Connect with Afghanistan

ABS News Service/12.12.2015

6386

Provisional Anti-dumping Duty Imposed on PTA from China, Iran, Indonesia, Malaysia and Taiwan on RIL and MCC PTA India Complaint

Korea and Thai Already in Hit List from July 2014

60-ADD/10.12.2015

6387

Anti-dumping Duty Slapped on Albendazone from China for Five Years

62-ADD/14.12.2015

6388

Indo-Japan CEPA

Engine of 250cc Plus and Gear Boxes and Parts Duty Slashed w.e.f. 1 January 2016

Ntfn 57/14.12.2015

6389

Zero Duty Concession for Goods for Advance Technology Vessels Program (ATVP) of Min of Defence Import Extended Indefinitely, Expiry Date of 1 Jan 2016 Removed

Ntfn 56/11.12.2015

6390

CBEC Clarifies Biodiesel is an Oleochemical Derived from Vegetable Oils or Animal Fats

CBEC Instruction F.No.528/22/2015-STO(TU) dated 11th December 2015

6391

FPS Benefits Not Eligible for Industrial Valves Exports

Only Bicycle Parts under SNo. 269, the FPS Benefits Allowed

11-TN/14.12.2015

6392

MEIS Claims for Wrongly Filed Shipping Bills for Exports between 1 June to 30 Sept 2015 Allowed

47-PN/08.12.2015

6393

Submission of Nov Excise Return Extended to 31 Dec 2015 from 10 Dec 2015

Central Excise Order No. 01 dated 10th December 2015 and 25-CE(NT)/09.12.2015

6394

Amendments to FEMA (Manner of Receipt and Payment) Regulations

RBI Notification No. FEMA.357/2015-RB dated 7th December 2015

6395

Export Credit of $268.35mn to Tanzania for Lake Victoria Pipeline to Tabora, Igunga and Nzega

33-RBI/10.12.2015

6396

Export Credit of $55mn to Congo for Setting up of Greenfield 600 TDP Rotary Kiln Cement Plant Project

34-RBI/10.12.2015

6397

Guidelines for Cross Currency Futures and Exchange Traded Options Contracts

35-RBI/10.12.2015

6398

WTO Nairobi Ministerial- Direct Reports

WTO Ministerial Begins – Its DDA vs TPP

ABS News Service/16.12.2015

6399

India Wants WTO to Discuss Farm Subsidies of the Rich

ABS News Service/16.12.2015

6400

HR Flat Sheets and Plates of 150mm to 600mm under Safeguard Lens

SAIL, Essar and JSW Complain of Sudden Rise in Imports

Provisional Safeguard Duty of 20% Slapped on HR Coils of 600mm plus on 9 September 2015

Safeguard Investigation Notice F.No. D-22011/47/2015 dated 7 December 2015

6401

Anti-dumping Duty on Stainless Steel Flats from China, Korea, EU, South Africa and Others to Continue for Another Five Years

61-ADD/11.12.2015

6402

MEP on Onions including Bangalore Rose Cut to $400/MT from $700/MT

26-Ntfn/11.12.2015

6403

Indian Kabuli Chana (Chickpeas) Eligible for FPS Benefits – DGFT Clarification

10-TN/10.12.2015

6404

Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit w.e.f 1 April 2015

09-TN/08.12.2015

6405

ITA II Concluded in Nairobi

Arun and Asim Goyal from Nairobi

ABS News Service/17.12.2015

6406

Excise Hike of Rs. 0.30 per Litre for Petrol and Rs. 1.17/Litre for Diesel from 17 Dec 2015

46-CE/16.12.2015

6407

DGAD Initiates Anti-dumping Investigation on Aluminium Foil from China on Complaint of Hindalco and Plus Two

Anti-dumping Initiation Notification No.14/06/2015-DGAD dated 15th December 2015

6408

Rupee Rises Five Paise to Rs. 67.20 against Dollar for Imports w.e.f. 18 Dec 2015; Euro Now 73.10

144-Cus(NT)/17.12.2015

6409

375 Items Identified in 5% Plus Export Decline in 2014-15 Period for Refixation of Annual Export Obligation

04-Pol.Cir/16.12.2015

6410

DGCA Recommendation Not Required for Import of Reconditioned or Second Hand Parts of Aircrafts

27-Ntfn(RE)/16.12.2015

6411

62 Items Notified for Indo-Myanmar Border Trade under Public Notice 30-PN(RE) dated 16.11.2012 Rescinded

50-PN(RE)/17.12.2015

6412

HRD Diamond Institute, Mumbai Notified for Certificate/Grading of Diamond of 0.25 Carats and above

28-Ntfn(RE)/16.12.2015

6413

Steel Truck Radial Tyres SION Amended

49-PN(RE)/17.12.2015

6414

Seized Fireworks can be Deposed by Customs

143-Cus(NT)/15.12.2015

6415

Dept of Revenue Clarifications on Service Tax Applicability on Job Work Received by Apparel Exporters

190-ST/15.12.2015

6416

Tariff Value Up: Gold $3/10 gms; Crude Soya Bean Oil $36/MTs; Crude Palm Oil $17/MTs; Palmolein $11/MTs

Down: Silver $13/kg; Brass Scrap $119/MTs; Areca Nuts $104/MTs

142-Cus(NT)/15.12.2015

6417

Export Credit of US$34.50mn to Congo for Development of Power Distribution Project

37-RBI/17.12.2015

6418

Export Credit of $5.38mn to Fiji for Financing Upgradation of Sugar Industry

36-RBI/17.12.2015

6419

Export Credit of $109.942mn to Congo for Financing Power Project

38-RBI/17.12.2015

6420

Lab Recognition for Diamond Grading for Re-export under Para 4.42 of FTP Clarified

48-PN/16.12.2015

6421

Nairobi Ministerial of WTO Ends, US has its Way

· India Isolated again, Signs on Dotted Line

Arun and Asim Goyal Report Direct from Nairobi

ABS News Service/26.12.2015

6422

India Eclipsed at WTO Ministerial

· Minister Sitharaman Fights a Fruitless Battle

ABS News Service/26.12.2015

6423

MEP ($400/MT) Removed on Onions Export

29-Ntfn/24.12.2015

6424

All India Case Withdrawal in Supreme Court Decided Cases

CBEC Issues Landmark 18 Dec Circular for “Ease of Doing Business”

CBEC Instruction F.No.390/Misc./67/2015-JC dated 18th December 2015

6425

Chief Commissioner to Scrutinize Wrong Orders Favouring Revenue

CBEC Instruction F.No. 390/CESTAT/69/2014-JC dated 22nd December 2015

6426

Axle for Trailers from China – DGAD Initiates Anti-dumping Investigation on Complaint of Yorkshire Transport Eqpt

Anti-dumping Initiation Notification No.14/17/2015-DGAD dated 28th December 2015

6427

Panama is in Group-B, Double Listing for MEIS Corrected

51-PN/28.12.2015

6428

Dept. of Revenue Appoints Principal Commissioner of Customs (Import) ICD Tughlakabad as Common Adjudicating Authority

146-Cus(NT)/23.12.2015

6429

The India-Africa Trade Connection - Kenya Open for Business

ABS News Service/31.12.2015

6430

Will The U.S. Dollar Land More Gains Next Year? 2016 Rise May not be Steep!

ABS News Service/31.12.2015

6431

Prime Minister Modi to Personally Monitor Pulse Prices

·     I-T Raids on Brokerages, Traders in 4 Cities to Check Pulse Hoarding

·     Seized Stocks Rot in State Government Warehouses as Price Threatens to Rise Again

·     No Attempt to Outsource Farming in Land Surplus Tanzania which accounts for 27% of Tuar Dal Imports into India

ABS News Service/31.12.2015

6432

Saudis Cut Subsidy to Increase Fuel and Electricity Price

ABS News Service/31.12.2015

6433

India to Issue $2.5bn of Rupee Bonds in New Year

ABS News Service/31.12.2015

6434

Cotton Rises on Failure of Pak Crop

Cotton Corp and Gujarat Govt Shore up Price

ABS News Service/31.12.2015

6435

Zero Duty on Chickpeas and Lentils Import Extended Indefinitely, Expiry Date of 1 January 2016 Removed

Ntfn 61/30.12.2015

6436

Tariff (Transitional Product Specific Safeguard Duty) Rules 2002 Rescinded on 29 Dec 2015

·        China Specific Safeguard Mechanism Expires at WTO, Measures under this have already Lapsed

·        No More Remedies for Industry Protection based on “Market Disruption” as Injury. Actual or Threat of Injury must be Proven under Normal Safeguard Rules

149-Cus(NT)/29.12.2015

6437

Indo-Korea CEPA General Duty on 966 Items – Quarter to Five Percent Cut w.e.f. 1 Jan 2016

Ntfn 60/30.12.2015

6438

One to Five Percent Duty Cut on 1630 Items in Indo-Malaysia PTA w.e.f. 1 Jan 2016

Ntfn 59/30.12.2015

6439

One to Five Percent Duty Cut w.e.f. 1 Jan 2016 for Indo-ASEAN FTA Duty on 1589 Items

Ntfn 58/30.12.2015

6440

Tariff Value Rises on Silver by $4/kg; Brass Scrap $30/MTs; Crude Palm Oil $4/MTs

Down: Gold $2/10 gms; RBD Palm Oil $6/MTs; Crude Soyabean Oil $37/MTs and Palmolein $4/MTs

150-Cus(NT)/31.12.2015

6442

Registered Authorised Courier Documents Certified by Customs Appraisers Accepted as Evidence of Duty Payment

27-CE(NT)/31.12.2015

6443

Met Coke from Australia and China in Anti-dumping Investigation on Complaint of Gujarat NRE Coke, Saurashtra Fuel and Others

·      Authority Accepts Complainant Claim that Domestic Coal Price not available in Australia

·      Action against Japan Terminated on 14 May 2004 on Request of Domestic Industry

·        Earlier Action against China Expired on 20.01.2009 after Failure of Sunset Review

Anti-dumping Initiation Notification No.14/9/2015-DGAD dated 30th December 2015

6444

Clear Float Glass from Iran on Complaint of HNG, St Gobain and Gold Plus Initiated

·      Pak, Saudi Arabia and UAE Already in Duty Net

·        Normal Value Constructed to Arrive at Stiff Dumping Margin

Anti-dumping Initiation Notification No.14/7/2015-DGAD dated 23rd December 2015

6445

Anti-dumping Investigation Terminated on Carbon Black from Korea at Domestic Industry Request

Anti-dumping Termination Notification F. No. 14/9/2014-DGAD dated 20th November 2015

6448

CESTAT Appeal Threshold Doubled to Rs. 10 Lakhs to Cut Litigation

CBEC Instruction F.No. 390/Misc./163/2010-JC dated 17th December 2015

6449

China Totters, World Market Crashes

·     Two Circuit Breakers at 5% and 7% Fail to Arrest Fall, Investors Exit Amid Signs of Slowing Economy, Weaker Currency

·     It’s Quite Unexpected, More Panic Selling?

ABS News Service/07.01.2015

6451

FIEO Wish List before FM on 6 Jan in Pre Budget Meeting

ABS News Service/07.01.2015

6452

Japan Joins up with US in WTO Case on China Aircraft Tax of 17% on Imports

·     Domestic Industry Exempted, Discrimination Alleged

ABS News Service/07.01.2015

6453

Cocoa- 2015’s Best Commodity, This Year’s Nightmare

ABS News Service/07.01.2015

6454

US Threatens New Sanctions on Iran

ABS News Service/07.01.2015

6455

The Negotiable Instruments (Amendment) Bill, 2015 Notified

·     Jurisdiction for Cheque Bouncing Offence Committed under Section 138 Clarified

ABS News Service/07.01.2015