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