|
Daily Index of Changes
Year 2016
|
|
DINDEX Code
|
Topics
|
Notification No./Date/Source
|
|
6441
|
Excise Hike of Rs. 0.37/Litre for Petrol and Rs.
2/Litre for Diesel from 2 Jan 2016
·
First Hike in 2016 Following Four in 2015
|
01-CE/01.01.2016
|
|
6446
|
Iron Ore Pellets Export Duty of 5% Removed
to Revive Exports
|
Ntfn 01/04.01.2016
|
|
6447
|
All Pending Appeals in HC/CESTAT above
Threshold Limits to be Withdrawn as per 17.12.2015 Instructions – New Limits
Specified
|
CBEC Instruction F.No.
390/Misc./163/2010-JC dated 1st January 2016
|
|
6450
|
Procedure for Change in IEC Address to
New Jurisdiction Notified
|
53-PN/05.01.2016
|
|
6456
|
Yuan Debuts in
Indian Customs at Rs. 10.25 for Import Valuation
Rupee
Fall by 25 Paise to Rs.
67.45 against Dollar for Imports w.e.f. 8 Jan 2016
|
02-Cus(NT)/07.01.2016
|
|
6457
|
List 13 for Petro Equipment at Zero Duty
Extended to Operations under GoI “Marginal Field
Policy (MFP)”
|
Ntfn 02/06.01.2016
|
|
6458
|
Last Date for
Maintenance of Packaging (Parent–Child Relation) Extended by 1 to 2 Years
Revised
Procedure for Implementation of Track and Trace Systems for Drugs Formulation
Exports Notified – Bar Coding on Primary Pack Optional
|
52-PN/05.01.2016
|
|
6459
|
FIEO Pleads for Reform in States, use of
Rail Transport to Step up Exports
|
ABS News Service/08.01.2016
|
|
6460
|
Crude, Gas,
Grains, Metals, Precious Metals Crashes in Dec
•
Edible Oil, Logs, Aluminium and Lead Up
•
Sugar, Woodpulp, Rock Phosphate and TSP Steady
|
World Bank
|
|
6461
|
Leather Export thru Kheda
ICD Allowed
|
55-PN/06.01.2016
|
|
6462
|
24x7 Customs Clearance at Krishnapatnam Sea Port in Nellore
|
01-CBEC/06.01.2016
|
|
6463
|
Indian Industries Association Branches at
New Delhi Authorised for Issuing Certificate of Origin (Non-Preferential)
|
54-PN/05.01.2016
|
|
6464
|
China Origin Aluminium Radiators,
Aluminium Radiator Sub-Assemblies and Core including CKD or SKD in
Anti-dumping Investigation on Complaint of Banco Products, Baroda
|
Anti-dumping Initiation Notification F. No.
14/24/2015-DGAD dated 1st January 2016
|
|
6465
|
Apple Import –
Port List Opened with Addition of Major Sea Ports, Airports of Kolkata,
Chennai, Mumbai and Cochin
· Sole
Monopoly of Nhava Sheva
Removed
· Inland
Port and Airport at Delhi Included
· India’s
Land Borders Allowed
·
No Change in 50% Duty with NTB of Phytosanitary Certificate
|
30-Ntfn/12.01.2016
|
|
6466
|
Trade with Myanmar by Land Route @5% Duty
Exemption Notification Rescinded to Welcome Normal Trade
|
Ntfn 03/11.01.2016
|
|
6467
|
Evaporation Losses in Warehoused Goods
like Liquor in Casks, Liquid Fuels in Tanks and Helium in Containers Notified
|
03-Cus(NT)/11.01.2016
|
|
6468
|
Rupee Gains 20 paise to Rs. 4.10 against South
African Rand for Imports
|
12-Cus(NT)/12.01.2016
|
|
6469
|
Chief Engineer as Equivalent of Joint Secy can Sign Certificate for Excise Exemption of World
Bank Funded Project in 108-CE/95 dated 28.08.1995
|
CBEC Circular F.No.
96/41/2015-CX.I dated 7th January 2016
|
|
6470
|
Refunds through
E-Payment Prescribed thru SBI and others after Authorisation by Claimant
Bank to
Issue UTR after Transfer of Funds for Revenue Records Reconciliation
|
1013-CBEC/12.01.2016
|
|
6471
|
India
at the Top with 7.4% Growth Forecasted in 2016, 0.9% Higher than China
· Three
South Asia Countries in Top Five
· China,
Taiwan in Grave Risk of Recession
|
ABS News Service/14.01.2016
|
|
6472
|
Commodities Fall to Lowest Since the 1991
on Oil Rout
|
ABS News Service/14.01.2016
|
|
6473
|
South Africa, US Settle Poultry
Dispute
· Suspension
of SA from AGOA Stayed Over Avian Flu
|
ABS News Service/14.01.2016
|
|
6474
|
China Trade Shrank in Dec
|
ABS News Service/14.01.2016
|
|
6475
|
China’s Iron Ore Imports Surge as Steel
Output Rises and Prices Crash
|
ABS News Service/14.01.2016
|
|
6476
|
Thailand to Purchase Rubber from Farmers
to Shore Up Prices
|
ABS News Service/14.01.2016
|
|
6477
|
India move to Boost Border Trade with
Myanmar
|
ABS News Service/14.01.2016
|
|
6478
|
Trade with Cambodia, Laos, Myanmar and
Vietnam
|
ABS News Service/14.01.2016
|
|
6479
|
Excise Hike of Rs.
0.75/Litre for Petrol; Rs. 2/Litre for Diesel to
Mop up Gain from Crude Fall
· 2nd
Hike in 2016
· Retail
Price Falls as Part Benefit Passed on to Consumers
|
02-CE/15.01.2016
|
|
6480
|
SBR
of 1500 Series and 1700 Series from EU, Korea and Thailand under Anti-dumping
Investigation on Complaint of RIL and Indian Synthetic Rubber (P) Ltd, Noida
|
Anti-dumping Initiation Notification No.
14/10/2015-DGAD dated 14th January 2016
|
|
6481
|
DGFT Requests
Services Sector to Obtain Importer Exporter Code
· More
Paperwork and Control under FEMA in the Offing
· Banks
have All the Data Since Payment and Receipts are Accounted for, RBI Releases
Data
· Why
should DGCIS be the Fifth Wheel in the Chariot
|
13-TN/15.01.2016
|
|
6482
|
DGFT to Maintain “Watch List” of Officers
with “Dubious” Reputation, Intolerance Campaign against Corruption
· “Touts”
and “Middlemen” to be Declared Persona Non Grata
|
12-TN/13.01.2016
|
|
6483
|
RBI Issues Revised Memo on Project Exports
after Disbandment of Working Group Approval Procedure
|
39-RBI/14.01.2016
|
|
6484
|
Tariff Value
Rises on Gold by $9; Silver $5; RBD Palm Oil $4
Down: Brass
Scrap $11; Crude Palm Oil and Soyabean Oil $4
|
13-Cus(NT)/15.01.2016
|
|
6485
|
India Slaps First Anti-Subsidy Duty of
13.44% on Castings for Wind Electricity Generators from China
|
Ntfn 01-CVD/19.01.2016
|
|
6486
|
Duty Differential for Medical
Device Manufacture Hiked to 5% + 4% (SAD)
· 7.5%
+ 4% (SAD) on Complete Parts and other Inputs
(Previous 5% and
5% w/o SAD)
·
Move Follows Task Force Recommendations
|
Ntfn 04/19.01.2016
|
|
6487
|
SAD Exemption Scope on Medical Devices
Narrowed
|
Ntfn 05/19.01.2016
|
|
6488
|
Imports
Fall 3.9%, Electronics up 21% to $3.8bn, Pulses Double, Gold Triples
· Exports
in Dec Fall again by 14.8%, Textiles up 5%, Agri
buoyant
|
ABS News Service/21.01.2016
|
|
6489
|
No Tax Holiday for New Units in SEZs
|
ABS News Service/21.01.2016
|
|
6490
|
US Blinks on COOL for Meat to Avoid
Canada, Mexico Retaliation
|
ABS News Service/21.01.2016
|
|
6491
|
Russia Rattled as Ukraine Shacks up with
EU
|
ABS News Service/21.01.2016
|
|
6492
|
Obama Calls for TPP Ratification in Final
State of the Union Speech
|
ABS News Service/21.01.2016
|
|
6493
|
Iran Sanctions Lifted, Crude Crashes
|
ABS News Service/21.01.2016
|
|
6494
|
Steel Shrinks in China for First Time
Since 1991
|
ABS News Service/21.01.2016
|
|
6495
|
US Court Holds Samsung Infringes Apple
Software Copyright
|
ABS News Service/21.01.2016
|
|
6496
|
Natural Rubber Imports Squeezed to Protect
Domestic Industry
·
No Imports of Rubber Allowed under Advance
Authorization for 70 Days in 21 Jan-31 March Period against Licenses Issued
in this Period
|
33-Ntfn/21.01.2016
|
|
6497
|
Natural Rubber Imports Restricted only to
Chennai and Nhava Sheva
Ports
· Rubber
Prices Fall to Rs. 85 per kg in World Market
· Stiff
Duty of 25% on Natural Rubber and High Domestic Price of Rs.
95/kg Fails to Please Producers
·
Tyre Manufacturers Hurt, Demand Protection
from Import
|
32-Ntfn/20.01.2016
|
|
6498
|
Roasted Chana Exports in 1 kg Consumer
Packs Allowed
|
31-Ntfn/20.01.2016
|
|
6499
|
DGFT Moves Towards Paperless and Personal
Contact Free Environment
· Move
Named as “Trade Facilitation” for “Absolute Integrity” and “Transparency”
· No
“Outside” Persons Allowed Inside
· All
Contact Only thru Email and Speed Post
·
Only Jt. DGFT and Above Officers Allowed to
Meet Visitors
|
14-TN/19.01.2016
|
|
6500
|
Rupee Falls by 80 paise
to Rs. 68.40 against Dollar for Imports w.e.f. 22 Jan 2016; Euro by Rs.
1.35 at Rs. 74.70
|
14-Cus(NT)/21.01.2016
|
|
6501
|
J&K Excise Exemption Sunset for New Units
in Two Months
· Notification
for 31 March 2016 as Last Date for Commencement of Production Released
|
03-CE/22.01.2016
|
|
6502
|
DGFT Instructs All Departments Strictly
Follow the Three Mandatory Documents for Import and Export
·
Deviations to be Reported to the Officer
through Trade Associations
|
15-TN/21.01.2016
|
|
6503
|
34 Revenue Officers Awarded
Appreciation Certificate on RDay 2016
·
Amitabh Kumar and Somesh
Chander of TRU, Upender
Gupta of GST Cell Recognised
|
15-Cus(NT)/22.01.2016
|
|
6504
|
DFIA Ban on Raw
Sugar after 1 May 2015
·
No Sympathy for Cases in Pipeline
|
56-PN/22.01.2016
|
|
6505
|
Board Wants Monthly Reports on Case
Withdrawal Circular of 17 Dec
|
CBEC Instruction F.No.
390/Misc./163/2010-JC dated 21st January 2016
|
|
6506
|
Hollande Visits India to Push Rafale Deal
|
ABS News Service/28.01.2016
|
|
6507
|
Hollande and Modi Launch International
Solar Alliance to bring together 122 Countries in Gwal
Pahari, Gurgaon
|
ABS News Service/28.01.2016
|
|
6508
|
China
Wins in Appeal at WTO in EU Fasteners Case
·
India Case cannot be a Full Surrogate for
China NME says WTO AB
|
ABS News Service/28.01.2016
|
|
6509
|
Future of World Economy by Vivek Wadhwa – Stanford
University
|
ABS News Service/28.01.2016
|
|
6510
|
Only Online Applications thru Digital Photo
and Digital Signature for IEC from 1 April 2016
·
Three Documents are Required for IEC
Applications
|
34-Ntfn/29.01.2016
|
|
6511
|
Expiring Inspection Permission of
Pre-shipment Scrap Inspection Agencies in Appendix 2G Extended till 31 May
2016
|
57-PN/27.01.2016
|
|
6512
|
Duty Hike on Drugs used for Manufacture of
Life Saving Drugs
·
61 Items in 5% List go, Another 15 in Nil List
Removed
|
Ntfn 06/28.01.2016
|
|
6513
|
Meat and Cheese Import too by Diplomats
must Pass thru Normal Quarantine Checks
|
02-CBEC/27.01.2016
|
|
6514
|
Anti-dumping Duty of $1.85 per kg Imposed on
Mulberry Raw Silk of 3A Grade and below from China
·
Notification Now Covers 3A Grade and below
Replaces Notification 05/06.01.2009 on 2A Grade and below which Lapsed in
January 2014
|
01-ADD/28.01.2016
|
|
6515
|
Anti-dumping Duty on Melamine from China –
Final Findings
Duty Cut to
$331.10/MT from $1681.49/MT
|
02-ADD/28.01.2016
|
|
6516
|
Previous
Anti-dumping Duty Notification on Melamine from China Rescinded
|
03-ADD/28.01.2016
|
|
6517
|
Anti-dumping Duty Cut on Rubber Chemicals
from Korea with Retrospective Effect to Rs. 5.90/kg
from Rs. 10.35 in the Period 5 May 2008 to 19 Sept
2011
·
Full SNo. 4 Omitted
by Ntfn 93/20.09.2011
|
04-ADD/29.01.2016
|
|
6518
|
Tariff Value Falls on Brass Scrap
$72; Poppy Seeds $129; Silver $14
·
Rises: Gold $8; Crude Palm Oil $13
|
16-Cus(NT)/29.01.2016
|
|
6519
|
Excise Hike of Rs.
1/Litre for Petrol and Rs. 1.50/Litre for Diesel w.e.f. 31 Jan 2016
·
Three Hikes in One Month i.e. 1, 15, 30 Jan
2016
|
04-CE/30.01.2016
|
|
6520
|
Linear Alkyl
Benzene from Iran, Qatar and China in Anti-dumping Investigation on Complaint
of Nirma and Tamilnadu
Petro
· Saudi
Escapes Probe with Negative Injury Marks
·
Normal Value Constructed from Lost of
Production to Arrive at Dumping Margin
|
Anti-dumping Notification No. 14/20/2015-DGAD
dated 7 December 2015
|
|
6521
|
Elastomeric Filament Yarn from China,
South Korea, Taiwan and Vietnam under Anti-dumping Lens on Complaint of
Indorama
|
Anti-dumping Initiation Notification No.
14/29/2015-DGAD dated 27 January 2016
|
|
6522
|
Hydrogen Peroxide from Bangladesh, Taiwan,
Korea, Indonesia, Pak and Thailand in Anti-dumping Investigation on Complaint
of HOCL and National Peroxide
|
Anti-dumping Initiation Notification No. 14/3/2015-DGAD dated 14 January 2016
|
|
6523
|
DGFT Clarifies EPCG Restriction on Power
Plants for Captive Consumption
|
35-Ntfn/29.01.2016
|
|
6524
|
DGFT Notifies Modified Online Application
Form for IEC and Bank Certificate – Effective from 1 April 2016
· Only
PAN, Cancelled Cheque or Digital Photo Required
· Digital
Signature must
·
Application Fee Rs.
500
|
58-PN/01.02.2016
|
|
6525
|
Rupee Falls against South
African Rand by 25 Paise
|
17-Cus(NT)/01.02.2016
|
|
6526
|
Board
Allies CENVAT Credit for Voluntary Payment of CVD on Ships for Breaking up
Decision
of Gujarat High Court on Exempting Ship Breaking from Excise under Appeal to
Supreme Court
|
1014-CBEC/01.02.2016
|
|
6527
|
Service Tax Payment with SAD Credit
Allowed
|
01-CE(NT)/01.02.2016
|
|
6528
|
RBI Asks Banks to File FDI Transactions
Online from 8 Feb 2016
|
40-RBI/01.02.2016
|
|
6529
|
DG Anti-dumping Rejects Domestic Industry
Arguments on NIP (Non Injurious Price) in Internal Meeting
|
DGAD Trade Notice No. 01 dated 29th
December 2015
|
|
6530
|
Swiss
Banks to Pay $1.36bn Penalties to US, Sign “Non Prosecution” Agreements with
US
·
50% Penalty for those who Disclose Late
|
ABS News Service/04.02.2016
|
|
6531
|
Commerce
Minister Tells Officers to Help Exporters “Yesterday” Instead of “Tomorrow
· India
Serious on RCEP (ASEAN 10 + China, Japan, Korea + Australia – New Zealand,
India)
·
Exporters say that April 2016 will Reverse
Falling Trend
|
ABS News Service/04.02.2016
|
|
6532
|
EU
Slaps 13% Anti-Dumping Tariffs on Chinese Steel, Including Rebar
China
Takes 36% Share in Market in Two Years
|
ABS News Service/04.02.2016
|
|
6533
|
Auto Sector in Indonesia wants Relief
from Steel Anti-dumping Duty
|
ABS News Service/04.02.2016
|
|
6534
|
Online Clearance of NTBs to Cover
· Plant
Quarantine
· Food
Safety
· Drug
Controller
· Animal
Quarantine
· Wild
Life Control
Facility Available
in Delhi and Mumbai Ports Now
|
03-CBEC/03.02.2016
|
|
6535
|
Zero Duty for Naphtha to be used in
Polymer Manufacture to Haldia Petrochem Withdrawn
|
Ntfn 07/02.02.2016
|
|
6536
|
Euro-III Compliant Motorcycles Allowed
for Another Year only Till 31 March 2017, Euro-IV Must Thereafter
|
36-Ntfn/02.02.2016
|
|
6537
|
Sesame Seeds Allowed for Export to EU
Subject to IOPEPC Certification
|
37-Ntfn/03.02.2016
|
|
6538
|
DGFT Notifies Procedure for Export of
SCOMET Items for “Stock and Sale” and Spare Parts
|
60-PN/03.02.2016
|
|
6539
|
Olivine Commercial and Sandeep Garg as New
PSI Agencies Notified Again Till 31 May 2016
|
59-PN/02.02.2016
|
|
6540
|
Export under Bond for Kholongchhu
Hydro Electric Project in Bhutan
|
03-CE(NT)/03.02.2016
|
|
6541
|
File Application for Refund of Excise Duty
on Cars by Physically Handicapped Persons, Says Board
|
1015-CBEC/03.02.2016
|
|
6542
|
Service Tax Refund on Exports Hiked
|
01-ST/03.02.2016
|
|
6543
|
Swachh Bharat Cess Refund in SEZ
|
02-ST/03.02.2016
|
|
6544
|
Rebate of Swachh
Bharat Cess on Services Exports
|
03-ST/03.02.2016
|
|
6545
|
Rupee
Falls by Five Paise against Dollar to Rs. 68.45 against Euro by 1.45 to Rs.
76.15
|
18-Cus(NT)/04.02.2016
|
|
6546
|
DGFT Notifies Minimum Import Price (MIP) on
173 Iron and Steel Items under Chapter 72 for Six Months
· Advance
Authorisation and Steel for Oil and Gas Sector Exempted
· Raw
Material: $341 - $362 per tonne
· Intermediate:
$445
·
Advanced: $500 - $752
|
38-Ntfn/05.02.2016
|
|
6547
|
ITPO Monopoly on Exhibition
Approval Broken, Ntfn 3/89 Superseded by 8/2016
· Door
Opened to All Exhibitions, No Participation Fee in Forex Required
· 110%
Bank Guarantee for Duty Exemption to Customs
·
General Exhibitions Now at Par with ATA Carnet
under 157/90
|
Ntfn 08/05.02.2016
|
|
6548
|
132 Countries Notified in
Developing Country List for Safeguard Investigations under Sec 8B of CTA 1975
·
27 Dropped while 21 Added to List in 103/98 Cus
|
19-Cus(NT)/05.02.2016
|
|
6549
|
Duty Drawback Rates Raised to Push
Exports
·
Rice Gets DBK for Packing Material Once again Rs. 30 to Rs. 70 per tonne
|
06-CBEC/09.02.2016
22-Cus(NT)/08.02.2016
|
|
6550
|
Hong Kong CE Leung in India
|
ABS News Service/11.02.2016
|
|
6551
|
Castings for Wind Operated
Electricity Generators from China under Anti-dumping Investigation on
Complaint of L&T
· Constructed
Cost Approach for Determining Normal Value
·
Measure on Top of Anti Subsidy CVD
Investigation of 29.05.2014
|
Anti-dumping Initiation Notification F.No. 14/28/2013-DGAD dated 1st February 2016
|
|
6552
|
Tariff Value Rises on Gold by $26 and
Silver $44
|
23-Cus(NT)/09.02.2016
|
|
6553
|
DGFT Instruction on IEC Application Online
Format
· Pending
Manual Applications will be Accepted under the Old Norms
|
18-TN/12.02.2016
|
|
6554
|
Duty
Slab for Electricity Cleared from SEZ to DTA
|
Ntfn 09/16.02.2016
|
|
6555
|
Law is
not Framed under Res Judicata
· Cases
Decided ‘in limine’ without Admission or Discussion
do not Close the Door for New Appeals
|
CBEC
Instruction/09.02.2016
|
|
6556
|
Sesame Seeds Export to EU Subject to
IOPEPC Certification will Come into Effect from 10 March 2016
|
39-Ntfn/11.02.2016
|
|
6557
|
Tariff Value Rises by $55 on Crude
Palm Oil; Gold $15; Silver $23; Palmolein $48;
Brass Scrap $109; Areca nuts $41
·
Poppy Seeds Tariff Value Down by $129
|
25-Cus(NT)/15.02.2016
|
|
6558
|
Pak
to Get Eight F-16 Fighters for $88mn with US Finance
· India
Contracts 36 Rafale for $200mn with Own Money
·
Fast Fighter Race between Neighbours on!
|
ABS News Service/18.02.2016
|
|
6559
|
Pope Speaks Up for Free Movement of
Migrant Labour
|
ABS News Service/18.02.2016
|
|
6560
|
Jan
Exports Fall again to $21bn, Down 13.6% on Jan 2015
• Imports
of Energy Crashes but Machinery Stable
• Textile
Exports Deep in Negative Zone
• Beverages:
Tea and Coffee Look up
• Tobacco
Rises, Gem and Jewellery Show Signs of Buoyancy
•
Commodities: Iron Ore, Refined Oil Crash
|
ABS News Service/18.02.2016
|
|
6561
|
AIIB Plans $100bn Release for ‘One Belt
One Road’
|
ABS News Service/18.02.2016
|
|
6562
|
UK Wants Out from EU
•
London Asks for Vito Power over Euro, Curbs on
Free Movement
|
ABS News Service/18.02.2016
|
|
6563
|
Global
Binding Aircraft Emission Standards on the Anvil
•
2% of All CO2 Emission are from Flying
Machines
|
ABS News Service/18.02.2016
|
|
6564
|
DGFT Clarifications on MIP on Steel
· Import
CIF Price must be above Minimum Remittance should be as per Invoice
· Goods
Shipped on DA Payment before Crucial Date of 5 Feb not Hit by Ntfn 38/2016
·
LC before Crucial Date Honored,
Register with RLA
|
17-TN/10.02.2016
|
|
6565
|
Industry Alleges Import of Diclofenac Sodium from China in
Unfinished Form to Circumvent Anti-dumping Duty
·
DGAD Launches Investigation of Circumvention
in First Ever Case
|
Anti-dumping Initiation Notification No.
14/22/2014-DGAD dated 17th February 2016
|
|
6566
|
Animal Feed Phosphate Past Practice of Excise
Levy Regularised
|
04-CE(NT)/12.02.2016
|
|
6567
|
Rupee Payment for Supplies to SEZ OK under
Foreign Trade Policy 2009-14
|
16-TN/10.02.2016
|
|
6568
|
Report Case Withdrawal in CESTAT to AR
|
CBEC Instruction dated 4th February
2016
|
|
6569
|
Rupee Falls by 50 Paise
against Dollar to Rs. 68.95; Euro by 90 Paise to Rs. 77.05
|
29-Cus(NT)/18.02.2016
|
|
6570
|
RBI Clarifies Payment System for Start-ups
with Foreign Subsidiary
|
51-RBI/11.02.2016
|
|
6571
|
Regulatory Relaxation for Startups on Sweat Equity
|
52-RBI/11.02.2016
|
|
6572
|
Guidelines for Submission of Data under
R-Returns (FETERS) Modified
·
Liberalised Remittance Scheme in FETERS
|
50-RBI/11.02.2016
|
|
6573
|
Rupee Value under Indo-USSR Deferred
Payment Protocols Revises to Rs. 80.9604520 from 25
Jan 2016
|
41-RBI/04.02.2016
|
|
6574
|
RBI Liberalises Procedure for Settlement
of Export Import Transactions in Currencies not having a Direct Exchange Rate
|
42-RBI/04.02.2016
|
|
6575
|
RBI Notifies Revised ‘Foreign Currency Account’
Regulations
|
44-RBI/04.02.2016
|
|
6576
|
New Currency Export and Import Rules Notified
|
45-RBI/04.02.2016
|
|
6577
|
Forex Realization, Repatriation and Surrender
Rules Notified
|
46-RBI/04.02.2016
|
|
6578
|
New Rules for Retention of Forex – $2000 in Cash
Allowed
|
47-RBI/04.02.2016
|
|
6579
|
Debit Cards, ATM Cards or Any other
Instrument used to Create a Financial Liability Defined as “Currency”
|
48-RBI/04.02.2016
|
|
6580
|
Transfer of Immovable Property Outside
India by Resident Indians, New Rules Notified
|
43-RBI/04.02.2016
|
|
6581
|
Forex Purchase from Post Offices Allowed
|
49-RBI/04.02.2016
|
|
6582
|
Board Says Follow MIP on Steel Strictly,
Urges Action under Customs Act against Violators
|
CBEC Instruction No. 10 dated 17th
February 2016
|
|
6583
|
Octreotide and Somatropin
Inserted in 5% Duty List and Anti-Haemophilic Factor Concentrates in Nil Duty
List
|
Ntfn 10/17.02.2016
|
|
6584
|
Omeprazole and Lansoprazole are Two
Separate Bulk Drugs – FPS Benefits Allowed to Each of the Two under Sl No. 503 of Table I
|
19-TN/17.02.2016
|
|
6585
|
FIEO
Asks for Service Tax Exemption on Services going into Exports; Wants Corpus
at 1% of Export Value in MAI and MDA
|
ABS News Service/20.02.2016
|
|
6586
|
DGFT Moves Forward to Online Processing
System from Online Filing on SCOMET Exports
|
20-TN/19.02.2016
|
|
6587
|
Fully Drawn Polyester Yarn from China and
Thailand – Classification Corrected to 5402 47 from 5402
|
05-ADD/22.02.2016
|
|
6588
|
Foreign Exchange
Management (Transfer or Issue of Security by a Person Resident outside India)
(Amendment) Regulations, 2016
|
Notification No.
FEMA.361/2016-RB dated 15th February 2016
|
|
6589
|
Circular from TRU, Department of Revenue
dated 29th February 2016
|
ABS
News Service/29.02.2016
|
|
6590
|
Budget
Speech 2016-17
|
ABS
News Service/29.02.2016
|
|
6591
|
Finance
Bill 2016-17
|
ABS
News Service/29.02.2016
|
|
6592
|
CVD
exemption on imported media with
recorded Information Technology
Software on
so much value as is equivalent to the value of the Information Technology Software recorded on the said media
which is leviable to Service tax under
Finance Act,
1994.
|
11/2016-Customs
dated 01.03.2016
|
|
6593
|
Amendment
in Notification No.
12/2012-Customs, dated the 17.03.2012 so as to carry out Budgetary
changes. Details are contained in Joint Secretary (TRU – I) DO letter dated 29.02.2016.
|
12/2016-Customs
dated 01.03.2016
|
|
6594
|
Amendment
in Notification No. 171/93-Customs,
dated the 16.09.1993 so as to increase the
value limit for bona fide gifts imported by
post or as air freight from Rs. Ten thousand to Rs.
Twenty thousand.
|
13/2016-Customs
dated 01.03.2016
|
|
6595
|
Amendment
in Notification No. 39/96-Customs, dated
the 23.07.1996 so as to withdraw exemption of specified duties
of customs on goods specified therein.
|
14/2016-Customs
dated 01.03.2016
|
|
6596
|
Amendment
in Notification No.
27/2011-Customs,
dated the 01.03.2011 so as to exempt duty of customs leviable under the
Second Schedule, to the Customs Tariff Act, 1975
(51 of 1975) [Export
Duty] on items specified therein.
|
15/2016-Customs
dated 01.03.2016
|
|
6597
|
Amendment
in Notification No.
21/2012-Customs,
dated the 17.03.2012 so as to specify the rate of additional
duty of customs leviable under sub-section 3 (5) of Customs
Tariff Act, 1975 for items
specified therein.
|
16/2016-Customs
dated 01.03.2016
|
|
6598
|
Amendment
in Notification No.
25/1999-Customs,
dated 28.02.1999 so as to carry out Budgetary changes.
|
17/2016-Customs
dated 01.03.2016
|
|
6599
|
Amendment
in Notification No.
25/2002-Customs, dated the 01.03.2002
so as to carry out Budgetary changes.
|
18/2016-Customs
dated 01.03.2016
|
|
6600
|
Amendment
in Notification No.
24/2005-Customs, dated the 01.03.2005
so as to carry out Budgetary changes.
|
19/2016-Customs
dated 01.03.2016
|
|
6601
|
Amendment
in Notification No. 230/86-Customs, dated the 03.04.1986 so as to make
suitable amendments to the Project Import
Regulations, 1986.
|
20/2016-Customs
dated 01.03.2016
|
|
6602
|
Amendment
in Notification No. 42/96-Customs, dated
the 23.07.1996 so as to make suitable amendments to the list
of specified projects under heading 9801 of the first schedule
to the Customs Tariff.
|
21/2016-Customs
dated 01.03.2016
|
|
6603
|
Amendment
in Notification No.
81/2005-Customs,
dated the 08.09.2005 so as to
carry out Budgetary changes
|
22/2016-Customs
dated 01.03.2016
|
|
6604
|
Amendment
in Notification No.
72/1994-Customs, dated the 01.03.1994.
|
23/2016-Customs
dated 01.03.2016
|
|
6605
|
Baggage Rules, 2016.
|
30/2016-Customs
(NT) dated 01.03.2016
|
|
6606
|
Amendment
in Customs Baggage
Declaration (Amendment) Regulations,
2016.
|
31/2016-Customs
(NT) dated 01.03.2016
|
|
6607
|
Customs (Import
of Goods at Concessional Rate
of Duty for Manufacture of Excisable Goods), Rules 2016.
|
32/2016-Customs
(NT) dated 01.03.2016
|
|
6608
|
Fix the rate of interest under section 28AA of the
Customs Act, 1962
and supersede notification No. 17/2011- Cus (N.T)
dated 01.03.2011.
|
33/2016-Customs
(NT) dated 01.03.2016
|
|
6609
|
Suitably amend specified notifications relating to area based exemptions, so as to carry out Budgetary
changes
|
5/2016-Central Excise dated
01.03.2016
|
|
6610
|
Suitably amend specified notifications relating to area based exemptions, so as to carry out Budgetary
changes
|
6/2016-Central Excise dated
01.03.2016
|
|
6611
|
Amendment
in Notification No. 7/2012-Central Excise dated
17.03.2012 so as to carry out Budgetary changes
|
7/2016-Central Excise dated
01.03.2016
|
|
6612
|
Amendment
in Notification No. 8/2003-Central Excise dated
17.03.2012 so as to carry out Budgetary changes
|
8/2016-Central Excise dated
01.03.2016
|
|
6613
|
Amendment
in Notification No. 1/2011-Central Excise dated
01.03.2011 so as to carry out Budgetary changes
|
9/2016-Central Excise dated
01.03.2016
|
|
6614
|
Amendment
in Notification No. 2/2011-Central Excise dated
01.03.2011 so as to carry out Budgetary changes
|
10/2016-Central Excise dated
01.03.2016
|
|
6615
|
Central Excise
Duty Exemption on media with recorded Information
Technology Software on so much value as is equivalent to the value of the Information Technology Software recorded on the said media which is leviable to Service tax under Finance Act, 1994.
|
11/2016-Central Excise dated
01.03.2016
|
|
6616
|
Amendment
in Notification No. 12/2012-Central
Excise dated 17.03.2012 so as to carry out Budgetary changes.
|
12/2016-Central Excise dated
01.03.2016
|
|
6617
|
Notification No.
62/91-Central Excise
dated 25.07.1991 so as to carry out Budgetary changes Rescinded.
|
13/2016-Central Excise dated
01.03.2016
|
|
6618
|
Amendment
in Notification No. 33/2005-Central
Excise dated 08.09.2005 so as to carry out Budgetary changes.
|
14/2016-Central Excise dated
01.03.2016
|
|
6619
|
Amendment
in Notification No. 30/2004-Central
Excise dated 09.07.2004 so as to carry out Budgetary changes.
|
15/2016-Central Excise dated
01.03.2016
|
|
6620
|
Amendment
in Notification No. 16/2010-Central
Excise dated 27.02.2010 so as to carry out Budgetary changes.
|
16/2016-Central Excise dated
01.03.2016
|
|
6621
|
Amendment
in Notification No. 42/2008-Central
Excise dated 01.07.2008 so as to carry out Budgetary changes.
|
17/2016-Central Excise dated
01.03.2016
|
|
6622
|
Amendment
in Notification No. 6/2005-Central Excise dated
01.07.2008 so as
to carry out Budgetary changes.
|
18/2016-Central Excise dated
01.03.2016
|
|
6623
|
Procedure for obtaining Centralized Registration
for manufacturers
of articles of jewellery.
|
5/2016-Central Excise (NT)
dated 01.03.2016
|
|
6624
|
Amendment
in Notification No. 35/2001-Central Excise (N.T) dated
26.06.2001.
|
6/2016-Central Excise (NT)
dated 01.03.2016
|
|
6625
|
Notification No. 9/2012-Central Excise (N.T)
dated 17.03.2012 Rescinded
|
7/2016-Central Excise (NT)
dated 01.03.2016
|
|
6626
|
Amendment
in Central Excise
Rules, 2002
|
8/2016-Central Excise (NT)
dated 01.03.2016
|
|
6627
|
Amendment
in Pan Masala Packing Machines (Capacity Determination And Collection of
Duty)
Rules, 2008
|
9/2016-Central Excise (NT)
dated 01.03.2016
|
|
6628
|
Amendment
in Chewing Tobacco and
Unmanufactured Tobacco Packing
Machines (Capacity
Determination
and Collection of
Duty) Rules, 2010
|
10/2016-Central Excise (NT)
dated 01.03.2016
|
|
6629
|
Amendment
in Notification No. 20/2001- Central Excise (N.T.), dated the 30.04.2001 so as to
amend the tariff values prescribed
for articles of apparel and clothing accessories not knitted or crocheted.
|
11/2016-Central Excise (NT)
dated 01.03.2016
|
|
6630
|
Amendment
in Notification No. 49/2008-
Central Excise (N.T.), dated the 01.03.2016 so as to
amend the rate of abatement from Retail
Sale Price for
commodities specified
therein and
bring
certain commodities
under Retail Sale Price based assessment.
|
12/2016-Central Excise (NT)
dated 01.03.2016
|
|
6631
|
Amendment
in CENVAT Credit Rules,
2004.
|
13/2016-Central Excise (NT)
dated 01.03.2016
|
|
6632
|
Amendment
in Notification No. 27/2012-Central Excise (N.T) so as to prescribe the time limit for filing application for refund of CENVAT Credit under Rule 5 of
the CENVAT Credit Rules, 2004,
in case of export
of services.
|
14/2016-Central Excise (NT)
dated 01.03.2016
|
|
6633
|
Rate of interest at fifteen per cent
per annum for
the purposes of section 11AA of the Central Excise Act,
1944.
|
15/2016-Central Excise (NT)
dated 01.03.2016
|
|
6634
|
Amendment
in Notification No. 42/2001 - Central
Excise (N.T.)
dated 26.06.2001 so as to make further
amendments in notification No.
42/2001- CE (NT), dated
the 26th June 2001.
|
16/2016-Central Excise (NT)
dated 01.03.2016
|
|
6635
|
Amendment
in Notification No. 31/2007-Central Excise (N.T.), dated the 02.08.2007 so as to
make further amendments in notification No. 42/2001- CE (NT), dated
the
26th June 2001.
|
17/2016-Central Excise (NT)
dated 01.03.2016
|
|
6636
|
Amendment
in Notification No. 19/2004-Central Excise (N.T.), dated the 06.09.2004 so as to carry out
Budgetary changes.
|
18/2016-Central Excise (NT)
dated 01.03.2016
|
|
6637
|
Amendment
in Notification No. 36/2001-Central Excise (N.T.), dated the 26.06.2001 so as to carry out
Budgetary changes.
|
19/2016-Central Excise (NT)
dated 01.03.2016
|
|
6638
|
New Central Excise (Removal of Goods at
Concessional rate of
Duty for Manufacture of Excisable
Goods), 2016.
|
20/2016-Central Excise (NT)
dated 01.03.2016
|
|
6639
|
Amendment
in Notification No. 21/2004-Central Excise (N.T) dated 06.09.2004 so as to carry out Budgetary changes.
|
21/2016-Central Excise (NT)
dated 01.03.2016
|
|
6640
|
Notification No. 1/2015-Clean
Energy Cess dated
01.03.2015 rescinded
|
Notification
No.1/2016 – Clean Energy
Cess dated 01.03.2016
|
|
6641
|
Amendment
in Notification No. 5/2010-Clean Energy
Cess dated 01.03.2015
|
Notification
No.2/2016 – Clean Energy
Cess dated 01.03.2016
|
|
6642
|
Effective
rates of Infrastructure Cess
on specified goods.
|
Notification
No.1/2016 – Infrastructure
Cess dated 01.03.2016
|
|
6643
|
Amendment
in notification No. 26/2012-Service Tax, dated 20th June 2012, so as to make necessary amendments in the specified
entries prescribing taxable portion and the conditions for availing the exemption therein.
|
8/2016-ST dated 01.03.2016
|
|
6644
|
Amendment
in notification No. 25/2012-Service Tax, dated 20th June
2012, so as to amend certain existing entries granting exemption on
specified services and inserting new entries for granting exemption
from service tax on
specified services.
|
9/2016-ST
dated 01.03.2016
|
|
6645
|
Amendment
in Point of Taxation
Rules, 2011 so as
to insert clarificatory Explanations.
|
10/2016-ST
dated 01.03.2016
|
|
6646
|
Services
exemption in relation
to Information
Technology Software recorded on a media
bearing RSP, provided Central Excise
Duty has been
paid.
|
11/2016-ST
dated 01.03.2016
|
|
6647
|
Amendment
in notification No. 32/2012-Service Tax dated 20th
June, 2012, so as to
exempt services provided by the bio-incubators approved by
the Biotechnology Industry Research Assistance Council, under
Department of Biotechnology, Government of
India.
|
12/2016-ST
dated 01.03.2016
|
|
6648
|
Interest rate under section 75 of the Finance Act, 1994.
|
13/2016-ST
dated 01.03.2016
|
|
6649
|
Interest rate under section 73B of the Finance Act, 1994.
|
14/2016-ST
dated 01.03.2016
|
|
6650
|
Provisions of clause
(h) of section 107 of the Finance Act, 2015.
|
15/2016-ST
dated 01.03.2016
|
|
6651
|
Certain provisions of notification No. 07/2015-ST dated
1st March,
2015.
|
16/2016-ST
dated 01.03.2016
|
|
6652
|
Certain provisions of notification No. 05/2015-ST dated
1st March, 2015.
|
17/2016-ST
dated 01.03.2016
|
|
6653
|
Amendment
in notification No. 30/2012-Service Tax dated 20th
June, 2012, so as to prescribe, the extent of service tax payable by the service provider and any other
person liable for paying service tax other than the service provider.
|
18/2016-ST
dated 01.03.2016
|
|
6654
|
Amendment
in Service Tax Rules, 1994.
|
19/2016-ST
dated 01.03.2016
|
|
6655
|
New Procedure for Renewal of SVB Orders
·
New Format for One-time Declaration in Cases
Pending Renewal by SVB
|
04-CBEC/09.02.2016
|
|
6656
|
New Guidelines on Related Party Import SVB
Valuation Cases CBEC Circular 1/98 Superseded by 5/2016
·
No Extra Duty Deposit where all Docs Provided
to SVB
|
05-CBEC/09.02.2016
|
|
6657
|
India-ASEAN Trade in Goods Agreement (Safeguard
Measures) Rules, 2016
|
37-Cus(NT)/04.03.2016
|
|
6658
|
Rupee Gains 95 paise
against Dollar to Rs. 68.00 w.e.f
4 March 2016; Euro by Rs. 2.95 to Rs. 74.10
|
36-Cus(NT)/03.03.2016
|
|
6659
|
RBI Grants
Export Declaration Form (EDF) Waiver for Export of Goods Free of Cost to
Export Houses
|
53-RBI/03.03.2016
|
|
6660
|
Malted Milk Food
SION Notified
|
61-PN/23.02.2016
|
|
6661
|
Amendments in Aayat Niryat Forms 2015-20
|
62-PN/25.02.2016
|
|
6662
|
Domestic Passengers who Board
International Flights in Domestic Leg not Required to File Customs Baggage
Declaration Form
|
08-CBEC/08.03.2016
|
|
6663
|
Board Withdraws Restriction on Carrying
100 Rupee Notes by Foreign Going Vessels for Wages Payment
|
07-CBEC/07.03.2016
|
|
6664
|
Tobacco Board, Guntur Empowered to Issue
GSP Certificate for Tobacco and Tobacco Products
|
63-PN/07.03.2016
|
|
6665
|
Anti-dumping
on Polypropylene from Singapore – Duty Reduced in Review
|
07-ADD/08.03.2016
|
|
6666
|
Anti-dumping
Duty on Phenol from EU, Singapore and Korea – Final Findings
|
06-ADD/08.03.2016
|
|
6667
|
Two Premises in Same Range can be
Registered as Single Premise under Excise
|
1016-CBEC/29.02.2016
|
|
6668
|
Payment Certificate for Proof of Payment
of Excise Duty Now Available to All Categories
|
1017-CBEC/29.02.2016
|
|
6669
|
CBEC Withdraws Prosecution in Central
Excise Cases Older than 15 Years Involving Duty Less than Rs.
5 Lakhs
|
1018-CBEC/29.02.2016
|
|
6670
|
Interest Rate Cut to 15% from 24% on Goods
Warehoused for Export when Cleared to DTA
|
1019-CBEC/29.02.2016
|
|
6671
|
Single Window NOC Module
|
CBEC Instruction F.No.
450/147/2015-Cus-IV dated 26th February 2016
|
|
6672
|
Crude, Metals and Precious Metals Rise;
Fertilizers Crash in Feb 2016
|
World
Bank Pink Sheet Feb 2016
|
|
6673
|
Country of Export for PVC Suspension Grade
Anti-dumping Duty Amended to “Taiwan” from “EU”, “USA” in China General
Plastics Corp Case
|
08-ADD/11.03.2016
|
|
6674
|
No MRP Based Assessment of CVD for Set Top
Boxes to be Supplied Free to Consumers Ratio of Bharati
Telemedia Case to be Followed, Says CBEC
|
1020-CBEC/11.03.2016
|
|
6675
|
Wireless Microphones with Wireless
Receiver are in 8518 10 00
|
09-CBEC/11.03.2016
|
|
6676
|
CBEC Simplifies 1% Jewellery Excise System to
Ward off Trade Offensive
|
PIB
Press Release/04.03.2016
|
|
6677
|
Swachh Bharat Cess Serial Numbers
|
20-ST/08.03.2016
|
|
6678
|
IGCR
Amended – Security Condition Removed
· Implementation
Date Preponed to 16 Mar from 1 April 2016
·
All Past Cases to be Dealt with under New
Rules Only
|
39-Cus(NT)/15.03.2016
22-CE(NT)/15.03.2016
|
|
6679
|
Anti-dumping
Duty on Injection Moulding Machines from Taiwan, Philippines, Malaysia and
Vietnam
|
09-ADD/15.03.2016
|
|
6680
|
Tariff
Value Rises on Gold by $5 and Silver $14; Brass Scrap $38
|
38-Cus(NT)/15.03.2016
|
|
6681
|
Feb Export Fall again by 5.7% to
20.7bn, Imports down 5%
·
Bottom in Sight? Trade Expects Pick Up by Year
End
·
Garments Export Up 9.2% in Rupee Term, Gold
Falls 22%
|
ABS
News Service/16.03.2016
|
|
6682
|
India
Takes US to WTO Over H1B and L1 Visa Fee Hike in Dec 2015, Claims MFN and NT
Violation
·
Nasscom Alleges
Annual Injury $400mn
|
ABS
News Service/16.03.2016
|
|
6683
|
China Gains $460bn from Commodity
Slump
·
Picnic Over, Prices Rising Again
|
ABS
News Service/16.03.2016
|
|
6684
|
Online Clearance of NTBs – Single Integrated
Declaration Covering Six Agencies and Nine Forms to go Live on 1 April 2016
· Plant
Protection, Quarantine and Storage (DPPQ&S)
· Food
Safety Standards Authority of India (FSSAI)
· Drug
Controller (CDSCO)
· Animal
Quarantine (AQCS)
· Wild
Life Crime Control Bureau (WCCB)
· Textile
Committee
|
10-CBEC/15.03.2016
|
|
6685
|
“Other Persons” in Duty Disputes Cases
will be Discharged only after Main Person Pays up Duty + Interest + 15%
Penalty under Sec 28 of CA, 1962
|
11-CBEC/15.03.2016
|
|
6686
|
Rupee Gains 55 paise
against Dollar to Rs. 67.45 w.e.f
18 March 2016
·
Rupee Falls by Rs.
1.95 against Euro to Rs. 76.05
|
41-Cus(NT)/17.03.2016
|
|
6687
|
DGAD Clarification on PUC of Aluminium
Radiators from China Investigation Notification
|
File No. 14/24/2015-DGAD dated 16th
March 2016
|
|
6688
|
Kashipur Dist U.S. Nagar
in Uttarkhand ICD Notified for Loading and
Unloading Goods
|
40-Cus(NT)/16.03.2016
|
|
6689
|
33 Drugs SION Notified
|
64-PN/17.03.2016
|
|
6690
|
Health Ministry Bans more
than 300 Fixed Dose Combinations
|
MOHFW Notification [S.O. 705(E) to 1048(E)]
dated 10th March 2016
|
|
6691
|
FPS Benefit for Other – Brakes and Servo Brakes
and Parts under HS Code 87083000 – HS Code Corrected
|
65-PN/18.03.2016
|
|
6692
|
Additional 723 MTs Quota Sugar Exports to
USA Notified
|
66-PN/21.03.2016
|
|
6693
|
Min of Finance Constitutes
Sub-Committee of High Level Committee to Submit Report for 1% Excise Duty on
Jewellery Imposition
·
1% Duty to Continue but Procedure under
Investigation
|
1021-CBEC/21.03.2016
|
|
6694
|
Parrikar Finds $3 bn
Lying Forgotten in US Account
|
ABS
News Service/23.03.2016
|
|
6695
|
Board of Trade (BoT)
Reconstituted under Foreign Trade Policy 2015-2020
|
21-TN/23.03.2016
|
|
6696
|
Safeguard Duty of 20% on Wide HR Coils
Confirmed
· Three
Year Duration with Sliding Scale going Down from 20% (Year 1) to 10% (Year 3)
· Global
Coverage, All Sources, Specially China and Ukraine in Net
· Turkey
(from 5 Feb 2016) and other Developing Countries Excluded
· Advance
Licence and SEZ Imports Exempted for Export Production
·
Goods Imported above MIP (See WIndex 46, DIndex 6546 and
BIG’s Customs Tariff Ch. 72) Exempted
|
01-SG/29.03.2016
|
|
6697
|
Butter, Ghee and
Butter Oil Duty of 40% Extended upto 30 Sept 2016
·
Wheat Duty of 25% Extended upto
1 July 2016
|
Ntfn 24/28.03.2016
|
|
6698
|
Anti-dumping Duty on 2-Ethyl Hexanol (2EH) from EU, Indonesia, Korea, Malaysia and
Others
|
10-ADD/29.03.2016
|
|
6699
|
Anti-dumping Duty of 15% of CIF Value of Imports
on Tyre Curing Presses from China
|
11-ADD/29.03.2016
|
|
6700
|
Provisional Anti-dumping of $1.37 per sqm Slapped on China Tiles again
·
Previous Duty of Rs.
155 per sqm Expired on 26.06.2013
|
12-ADD/29.03.2016
|
|
6701
|
Check Manual Shipping Bills before
Registration of Reward Scrips and DFIA, Says CBEC
|
12-CBEC/28.03.2016
|
|
6702
|
Banks to Remain Open 30 and 31 March for Duty
Receipt
|
191-ST/29.03.2016
|
|
6703
|
New Personal Articles also Allowed in Transfer of
Residence, Limitation to used Articles Dropped in New Baggage Rules
|
43-Cus(NT)/31.03.2016
|
|
6704
|
Baggage Duties above Duty Free Allowance
of Rs. 45k, Ntfn 136/90
Superseded by 26/2016
|
Ntfn 26/31.03.2016
|
|
6705
|
Transfer of Residence – Duties, Ntfn 137/90 Superseded by 27/2016
|
Ntfn 27/31.03.2016
|
|
6706
|
Indo-Japan CEPA General Duty on
806 Items
·
1 to 5 percent Duty Cut
|
Ntfn 28/31.03.2016
|
|
6707
|
Modification
in Online Bill of Entry under Single Integrated Declaration System
|
CBEC Instruction F.No. 450/147/2015-Cus-IV dated 31st March
2016
|
|
6708
|
Corrigendum
to ADD Ntfn 26/2015 – Ntfn
70/2010 dated 25.06.2010 Corrected as 15/2013(ADD) dated 03.07.2013
|
Corrigendum/28.03.2016
|
|
6709
|
HRD
Diamond Institute, Mumbai Notified for Certificate/Grading of Diamonds for
Import and Re-export with Duty Exemption
|
Ntfn 25/30.03.2016
|
|
6710
|
Textile Committee
Included in List of Authorised Agencies to Issue COO under 11 PTA
|
67-PN/30.03.2016
|
|
6711
|
Kakrawah (Uttar Pradesh) Land Customs
Station Notified for Import and Export of Goods by Land
|
42-Cus(NT)/29.03.2016
|
|
6712
|
Point of Taxation
Shall be Date of Issuance of Invoice
|
21-ST/30.03.2016
|
|
6713
|
Corrigendum
dated 30th March 2016 to 16-CE/01.03.2016
|
Corrigendum dated 30th
March 2016
|
|
6714
|
Tariff Value
Rises on Crude Palm Oil $46; RBD Palm Oil $47; Crude and RBD Palmolein $49; Crude Soyabean
Oil $27; Brass Scrap $73; Poppy Seeds $69
·
Falls on Gold $2 and Silver $7
|
44-Cus(NT)/31.03.2016
|
|
6715
|
Electronic Integrated Declaration
Recognised in Bill of Entry (Electronic Declaration) Regulations, 2011
|
45-Cus(NT)/01.04.2016
|
|
6716
|
No Fees for Services Rendered by
Appraisers Customs and Excise, Air Customs Officers, Examiners/Inspectors and
Class IV Staff for Cargo Clearance
|
46-Cus(NT)/01.04.2016
|
|
6717
|
Banks must Submit Diamond Dollar Account
(DDA) Details to RBI on Quarterly Basis
|
54-RBI/23.03.2016
|
|
6718
|
Trade Credit of Diamond LCs Permitted for
180 Days from the Date of Shipment – Power Delegated to AD Banks
|
57-RBI/31.03.2016
|
|
6719
|
DGFT Relents on Paperless Office Circular of
12/2015
•
Open House Every Wed for One Hour (2.30 to
3.30 PM)
•
Officers below Jt
DGFT are Open to Meeting if Senior not on Seat
|
22-TN/31.03.2016
|
|
6720
|
DRI Investigating Over Invoicing of Coal
to Send Money out of Country
|
ABS News
Service/07.04.2016
|
|
6721
|
DRI Issues Alert on Coal Import
|
DRI F.No.
DRI/HQ-CI/SOD/Misc-33/2016-CI Dated: 30/31.03.2016
|
|
6722
|
Brazil Ratifies Trade Facilitation
Agreement
|
ABS News
Service/07.04.2016
|
|
6723
|
Industry Expects Imports to Halve to 6mn
tonnes following 20% Safeguard Duty on HR Steel
|
ABS News
Service/07.04.2016
|
|
6724
|
Comments on New Coffee Bill 2016 Invited
|
Ministry of Commerce
& Industry Office Memorandum dated 23 March 2016
|
|
6725
|
CENVAT Credit Rule 6(3)(i) on Mixed Cases of Exempted and Non Exempted Goods
Released – 6% for Exempted Goods and 7% for Exempted Services Allowed
|
23-CE(NT)/01.04.2016
|
|
6726
|
Rupee
Falls by 5 paise against Dollar to Rs. 67.50 w.e.f 8 April 2016
|
48-Cus(NT)/07.04.2016
|
|
6727
|
Investment Limits for Foreign Portfolio
Investors (FPI) for the Next 6 Months in Two Tranches Specified
· Rs. 105bn from 4 April 2016
· Rs. 100bn from 5 July 2016
·
Limits for State Development Loans (SDL) also
Increased to Rs. 35bn
|
55-RBI/29.03.2016
|
|
6728
|
Infrastructure
NBFCs, Corporates Allowed ECB
|
56-RBI/30.03.2016
|
|
6729
|
RBI Enhances the
Limit of Foreign Investment in Insurance Sector to 49% from 26%
|
58-RBI/31.03.2016
|
|
6730
|
Mixture
of Micronutrients/Multi-micronutrients having Predominately Trace Elements
Classified in Heading 3824
|
1022-CBEC/06.04.2016
|
|
6731
|
Crude, Metals and
Precious Metals Rise; Fertilizers Crashes in March
· Natural
Gas, Fertilizers Down
· Aluminium,
Groundnuts, Bananas, Woodpulp, Steady
|
World
Bank Pink Sheet March 2016
|
|
6732
|
No FMS Benefits for
“Liquid Glucose” Classified as “Sugar”
|
01-TN/07.04.2016
|
|
6733
|
Foreign
Exchange Management (Deposit) Regulations, 2016
· Deposit
Regulations between Residents and NRI
|
Notification No. FEMA
5(R)/2016-RB dated 1st April 2016
|
|
6734
|
RBI
Issues New Forex Management (Remittance of Assets) Regulations, 2016
|
Notification No. FEMA 13
(R)/2016-RB dated 1st April 2016
|
|
6735
|
RBI Rules
for Branch Office of Non Residents in India
|
Notification No. FEMA
22(R)/RB-2016 dated 31st March 2016
|
|
6736
|
Export
of Betel Leaves to EU Allowed Subject to APEDA Registration
|
01-Ntfn/08.04.2016
|
|
6737
|
Flexibility in IO
Norms for Blended Fabrics Cut +/-3% from 10%
|
01-PN/06.04.2016
|
|
6738
|
Bonafide Gift Items thru Courier must be Allowed
|
CBEC Instruction F.No. 450/179/2015-Cus.IV dated 11th April
2016
|
|
6739
|
CBEC
Clarification on Waste Oil
|
1024-CBEC/11.04.2016
|
|
6740
|
All Central
Excise and Service Tax Audit Objections Issued Prior to 1 Mar 2014 shall be
Compared with Pending Action Taken Notes (ATNs)
|
1023-CBEC/08.04.2016
|
|
6741
|
Ntfn 151/94-Cus Zero Duty Exemption Available to All
Indian Airlines
|
CBEC Instruction F.No. 528/15/2016-STO (TU) dated 8th April
2016
|
|
6742
|
DGFT Introduces
E-commerce Definition for the Purpose of MEIS
|
02-Ntfn/11.04.2016
|
|
6743
|
India
on the Mat Over 4G Telecomm Equipment at WTO
· US,
Japan and EU Feel 10% Duty Violates IT Agreement and Tariff Binding
· India
says these goods have come into Post WTO IT Agreement, No Zero Duty
· Spat
in WTO to begin, the IT World to Watch India vs Developed Countries Match
· India
Case Weak since WTO Panel has held that Description in IT Agreement will
Prevail Over HS Code
|
ABS News
Service/14.04.2016
|
|
6744
|
No Improvement in World Trade in
2016, Only 2.8% Growth
• Growth
in 2017 may be 3.6%, Improvement of 8 Points
|
ABS News
Service/14.04.2016
|
|
6745
|
British
Virgin Island Registers 500,000 Companies, Unleashes Storm
• Over
500 Indian in List Uncovered by Independent Journors
• Amitabh
Bachchan Claims Account Opened by Imposter,
Daughter in Law Aish says Her Brother Opened
Account
|
ABS News
Service/14.04.2016
|
|
6746
|
Anti-Subsidy Investigation Initiated on
Stainless Steel Flat Products from China on Jindal Complaint
|
Anti-Subsidy Initiation
Notification F. No. 14/18/2015- DGAD dated 12th April 2016
|
|
6747
|
Dumping Investigation on HR Coils and
Sheets upto 2100mm from China, Japan and 4 others
on Complaint of SAIL, Essar and JSW Steel
|
Anti-dumping Initiation
Notification No. 14/9/2016-DGAD dated 11th April 2016
|
|
6748
|
Anti-dumping Duty on Normal Butanol or
N-Butyl Alcohol from EU, Malaysia, Singapore, USA and South Africa
·
Wide Variation of $149 to Nil in Impost
Depending upon Country and Company
|
13-ADD/13.04.2016
|
|
6749
|
Tariff Value
Rises on Palm Oil $49; Palmolein $48; Soyabean Oil $35; Brass Scrap $66; Areca Nuts $18
Gold $6 and
Silver $18
|
54-Cus(NT)/13.04.2016
|
|
6750
|
RBI Issues Modified Overseas Direct
Investment (ODI) Reporting Forms
|
62-RBI/13.04.2016
|
|
6751
|
Rupee Bonds Maturity Cut to 3 Years
|
60-RBI/13.04.2016
|
|
6752
|
Online Submission of Annual Performance
Report of ODI Forms by AD Banks
|
61-RBI/13.04.2016
|
|
6753
|
No RBI Approval Required for Company
Deposits in India by Non Resident
|
59-RBI/13.04.2016
|
|
6754
|
Press Note on Service Tax on Spectrum Sale and
Transfer
|
Source: PIB Press (MoF) Release dated 14th April 2016
|
|
6755
|
Three Year Amortisation of Service Tax for
Spectrum Licence Allowed, One Year in Sale Cases
|
24-CE(NT)/13.04.2016
|
|
6756
|
CBEC Clarifications on Scope and Exemptions on
Taxation of Services by Government
|
192-ST/13.04.2016
|
|
6757
|
Exemptions on Government Services
|
22-ST/13.04.2016
|
|
6758
|
Government Services Proviso Inserted in
Service Tax Valuation Rules
|
23-ST/13.04.2016
|
|
6759
|
Board Pulls up Adjudicating Authorities
and Appeals Commissioner for Lack of Discipline, Chiefs Asked to Supervise
Property
|
CBEC Instruction F.No. 390/CESTAT/24/2016-JC dated 13th April
2016
|
|
6760
|
Concor to Transport Empty Containers from Cochin Port
to Coimbatore Free of Cost for a Period of Six Months
|
PIB Press (MoS) Release dated 13th April 2016
|
|
6761
|
Dept of Revenue Launches (SWIFT) Clearances
with Integrated Declaration for Six Agencies
|
CBEC Press Release dated
1st April 2016
|
|
6762
|
Unwrought Aluminium under
Safeguard Investigation on Vedanta, BALCO and Hindalco Complaint
· Import
Share in Total Market Remains Constant in Five Year POI, Production Increases
·
Increased Imports Said to Hurt Industry
|
Safeguard Initiation
Notice No. D-22011/10/2016/Pt-II dated 19th April 2016
|
|
6763
|
No MEIS Benefits on Tamarind Kernel Powder
as Item is Classifiable under HS Code 1302 32 90
|
02-TN/19.04.2016
|
|
6764
|
Gold Imports Crash in March, Trade
Deficit, Export Fall Arrested
· India’s
Trade Deficit at a Record Low Of $5 billion in March
|
ABS News
Service/21.04.2016
|
|
6765
|
Fund-Bank Spring Meet Downs Growth
Forecast
|
ABS News
Service/21.04.2016
|
|
6766
|
Japan’s Imports Drop Again, Yen
Strengthens 10%, Trade in Surplus
|
ABS News
Service/21.04.2016
|
|
6767
|
Commerce Ministry Launches Twitter Seva for Instant Response to Query Messages to Handle - #mociseva will Fetch Answers from Special MoC Twitter Cell
|
PIB (MoC)
Press Release dated 21st April 2016
|
|
6768
|
Anti-dumping Duty on Barium Carbonate from
China Slashed by $91.18/MT in Review Findings
|
14-ADD/21.04.2016
|
|
6769
|
Rupee
Gains 60 paise against Dollar to Rs. 66.90 w.e.f 22 April 2016; Rs. 1.30 against Euro to Rs.
75.95
|
55-Cus(NT)/21.04.2016
|
|
6770
|
DGFT Allows 70 More Days Time
to Importers to File LCs to Protect Past Contracts Hit by Steel MIP Crackdown
of 5 Feb 2016
|
03-TN/21.04.2016
|
|
6771
|
Commercial Dogs Import for Breeding is not
Permitted
|
03-Ntfn/25.04.2016
|
|
6772
|
Nine New Pre-shipment Inspection Agencies
(PSIA) Notified
|
02-PN/08.04.2016
|
|
6773
|
All Exporters can Avail of Specific
Waivers on Track and Trace Systems by Consumer Countries
|
03-PN/21.04.2016
|
|
6774
|
CBEC Tells Commissioners not to Delay
Re-credit of Bond for Transshipment Goods at Air
Cargo Complexes
|
CBEC Instruction F.No. 401/69/2016-Cus III dated 22nd April
2016
|
|
6775
|
No Registration for Goods not in
Consumer Packs
· Do
Not Go Beyond Legal Metrology Act, Orders CBEC
|
CBEC Instruction F.No. 401/69/2016-Cus III dated 22nd April
2016
|
|
6776
|
Time Limit for Excise Registration by
Jeweller Extended 70 Days to 1 July 2016
|
1026-CBEC/23.04.2016
|
|
6777
|
Five Member Sub-Committee to Hear
Industry Views of Jewellery Excise Notified
·
Personal Hearing to All India Associations
|
1025-CBEC/22.04.2016
|
|
6778
|
Road Cleared for Foreign Investments in
All Types of Real Estates in SEBI Registered Investment Vehicles including
Farm Houses
|
63-RBI-21.04.2016
|
|
6779
|
DGCA Approved Quality Certificate
Required for Duty Free Import of Parts for Aircraft Maintenance
· Condition
5 for Manufacture as End Use Omitted
·
Consumption Account and Bond Condition with
Commissioner Introduced
|
Ntfn 29/26.04.2016
19-CE/26.04.2016
|
|
6780
|
Anti-dumping Duty on Huawei and
others on SDH Transmission Equipments from China
and Israel to Continue for Another Five Years
· Duty
Slashed on Review
·
ECI Telecom Israel Exempted
|
15-ADD/26.04.2016
|
|
6781
|
CBEC Accepts Bagasse, Dross and Skimmings of Non-ferrous Metals by Products or Wastes
· These
are Non Excisable Goods are Exempted Goods
·
Past Instructions Withdrawn Following SC
Judgement in DSCL Sugar Case
|
1027-CBEC/25.04.2016
|
|
6782
|
All Cases of Final Jundgements to be Removed from Call Book
·
Board Final Instructions to be Honoured
|
1028-CBEC/26.04.2016
|
|
6783
|
China says Cheap Steel is Food for Hungry
Industry
|
ABS News
Service/28.04.2016
|
|
6784
|
Seven Joins to Attack India on 4G Telecom
Tariff
|
ABS News
Service/28.04.2016
|
|
6785
|
Special Rules of Origin to Help LDC
Exports at Zero Duty
|
ABS News
Service/28.04.2016
|
|
6786
|
India Ratifies Trade Facilitation
Agreement, We are 76th in the List of Accepting Countries
|
ABS News
Service/28.04.2016
|
|
6787
|
Appellate Body Overrules Panel, says
Argentina does not Discriminate against Panama in Financial Services on
Account of “Non Co-operation”
|
ABS News
Service/28.04.2016
|
|
6788
|
US-China Ink “Out of WTO” Deal over
Subsidy to Settle Dispute
|
ABS News
Service/28.04.2016
|
|
6789
|
Saudi Arabia Going Bankrupt?
|
ABS News
Service/28.04.2016
|
|
6790
|
Dumping Investigation on CR Flat Steel
Products from China, Japan, Korea and Ukraine on Complaint of SAIL, JSW
Steel, Essar
|
Anti-dumping Initiation Notification No.
14/12/2016-DGAD dated 19th April 2016
|
|
6791
|
Address in ID and Address in Courier
Documents need not Match, CBEC Relaxes 9/2010 Guideline to Courier Companies
·
Relaxation only for Consignments upto Rs. 50k
|
13-CBEC/26.04.2016
|
|
6792
|
Customs Rules Amended for Coastal Vessels
Exempted from Sec 92-95, 97 and 98(2)
·
Cargo to be Marked for Coastal Vessels only
|
14-CBEC/27.04.2016
|
|
6793
|
Vessels for Coastal Goods Provisions
Exempted from Sec 92-95, 97 and 98(1) of CA 1962
|
56-Cus(NT)/27.04.2016
|
|
6794
|
Format for Filing Coastal Manifest of
Coastal Vessels for Loading or Unloading Goods at EXIM Berths Notified
|
57-Cus(NT)/27.04.2016
|
|
6795
|
Export House Recognition Criteria Diluted
– Another Year Export Added for Calculation of Performance Requirement
|
04-Ntfn/29.04.2016
|
|
6796
|
Tariff Value Rises on Silver $46; Palmolein $33; RBD Palm Oil $34; Crude Palm Oil $8; Other
Palm Oil $21; Brass Scrap $5
|
60-Cus(NT)/29.04.2016
|
|
6797
|
SCOMET List Updated
|
05-Ntfn/29.04.2016
|
|
6798
|
RBI to Start Monitoring of All Import
Payments Soon through Banks
· Working
Group to Devise Electronic System with Customs Set Up
· Bill
of Entry to Contain Bank Code
· Foreign
Exchange Outgo will Go Up from India
· Move
to Curb Black Money
|
65-RBI/28.04.2016
|
|
6799
|
Anti-dumping Duty on Measuring Tapes from
Taiwan, Malaysia, Thailand and Vietnam
· None
of the 22 Respondents bother to present their Case, DGAD Decides ex-Parte
· Another
Victory for Sole Complainant Freemans Ludhiana
· Anti-dumping
on China Already in Place, Continuous Protection from 2009-2020
|
16-ADD/02.05.2016
|
|
6800
|
Amoxicillin
from China on Complaint of AuroPharma under
Anti-dumping Net
|
Anti-dumping Initiation
Notification No.14/06/2015-DGAD dated 27th April 2016
|
|
6801
|
RBI Streamlines Remittance Arrangement
under Speed Remittance Procedure
|
66-RBI/28.04.2016
|
|
6802
|
Updated Remittance
Rules for Assets Notified
· Permission
Required in All Cases
·
Limit of $1mn for NRI Remittances, Foreign
National Employed in India
|
64-RBI/28.04.2016
|
|
6803
|
Viramgam (Vill Sachana Ahbad) ICD Notified for
Loading and Unloading Goods
|
59-Cus(NT)/27.04.2016
|
|
6804
|
India Questions WTO Panel Findings
in Solar Cell Case
• Claims
Electricity Procurement from Solar Cells Exempted under Govt
Procurement
• Short
Supply of Electricity in Country Allows Restrictions
• Appellate
Body to give Ruling in 90 Days
|
ABS News
Service/04.05.2016
|
|
6805
|
Obama Wants UK to Stay in EU
|
ABS News
Service/04.05.2016
|
|
6806
|
Ministry Presents TFA to MPs
|
ABS News
Service/04.05.2016
|
|
6807
|
Gold Crosses $1,300 Threshold
after Three years in the Dumps
•
Dollar Falls, Japan Holds Back on Stimulus
|
ABS News
Service/04.05.2016
|
|
6808
|
FM Replies to Debate in Parliament
on Finance Bill
Custom
and Excise Changes
Protection
to Battery, Charger and Headset for Mobile Manufacture Cut to 12.5% from
29.441%
New
Policy to Protect Populated PCB manufacture, Mobile exempted
· TRU
Clarification on Finance Act 2016 Changes on TV without Video Display, set
Top Boxes
· Customs
Notification 30/05.05.2016 Amends Jumbo Customs Notification 12-Customs dated
17.03.2012
· 31-Customs/05.05.2016
amending 4% SAD Notification 21-Customs/17.03.2012
· 32-Customs/05.05.2016
Amends ITA Zero Duty notification 24-Customs 01.03.2005
· 20-CE/05.05.2016
Amends 2% Excise 01/2011-CE dated 01.03.2011
· 21-CE/05.05.2016
Amends 6% Excise 02/2011-CE dated 01.03.2011
· 22-CE/05.05.2016
Amends Jumbo Excise 12-CE/17.03.2012
· 20%
MRP Based Assessment on Routers - No. 25/2016-Central Excise (N.T) dated 5
May 2016 amending 49/2008-Central Excise (N.T.), dated the 24th December,
2008
|
30 to 32/05.05.2016
20 to 22-CE/05.05.2016
25 to
26-CE(NT)/05.05.2016
|
|
6809
|
Radial Tyres for Buses and Trucks
from China on Dumping Complaint of ATMA on behalf of Appollo,
Ceat and JK Tyres
·
Relaunch of Dumping Investigation as Previous
Measures Expired in 2015
|
Anti-dumping Initiation
Notification No. 14/14/2015-DGAD dated 3rd May 2016
|
|
6810
|
Board Instructions
on Monitoring of Pendency in Disbursal of Informers Reward
|
15-CBEC/03.05.2016
|
|
6811
|
Rupee Falls 25 paise against Dollar to Rs.
67.15 w.e.f. 6 May 2016; Rs.
1.45 against Euro to Rs. 77.40
|
64-Cus(NT)/05.05.2016
|
|
6812
|
Uniform
MEIS Across Country Groups Notified
· Landing
Certificate Not Required under MEIS
· LDC
Group Gets MEIS from 2% to 4%
· All
Countries in 2787 Lines Get Same Benefits
|
06-PN/04.05.2016
|
|
6813
|
DGFT Notifies List of Services where
Payment in Indian Rupees for Service Charges Earned shall be Treated as
Receipt in Deemed Foreign Exchange
|
07-PN/04.05.2016
|
|
6814
|
New Appendix 5D Notified for Payment Received
in Rupee Towards Discharge of EO under EPCG
·
Appendix 3E Not Applicable for EPCG Scheme
|
04-PN/03.05.2016
|
|
6815
|
Rupee Terms Counted towards Discharge of
EO under EPCG Scheme – New Appendix 5D Notified
|
06-Ntfn/03.05.2016
|
|
6816
|
New Application Form
for Online Filing for Export House Certificate
|
05-PN/03.05.2016
|
|
6817
|
DGFT Notifies
Revised EPCG Application Forms ANF 5A, 5B, 5C and Appendix 5C
|
08-PN/06.05.2016
|
|
6818
|
Radio
Remote Control Apparatus Import Shifted to Free List Subject to WPC Licence
|
07-Ntfn/09.05.2016
|
|
6819
|
Parliament
Passes Finance Bill
·
Electronics Duty Structure Fine Tuned
|
ABS News
Service/12.05.2016
|
|
6820
|
Drawback on
Re-export under Sec 74 of CA 1962
|
16-CBEC/09.05.2016
|
|
6821
|
Q&A
Panama Papers
|
ABS News Service/12.05.2016
|
|
6822
|
17
Member Group in WTO Negotiation for Plurilateral
Deal in Environment Goods Agreement for 200 Items
|
ABS News
Service/12.05.2016
|
|
6823
|
US
to Hit at Currency Manipulators
·
China, Japan, Korea, Taiwan and Germany Named
as “Big Five”
|
ABS News
Service/12.05.2016
|
|
6824
|
FIEO is
50 Years Old
|
ABS News
Service/12.05.2016
|
|
6825
|
7,000
Delegates to Visit Kenya for UNCTAD Conference
|
ABS News
Service/12.05.2016
|
|
6826
|
Incremental Export Incentive Scheme Revived
·
25% Cap on 2013 Incentive Removed Following
Court Judgement
·
Exporters Gets Windfall Gain of Incentive on
Sudden Rupee Devaluation
|
04-TN/05.05.2016
|
|
6827
|
Ferro-Silico
Manganese and Silico Manganese is One Item under HS
Code 7202 30 00
·
FPS Benefits Eligible under SNo. 249 and SNo.
282
|
05-TN/10.05.2016
|
|
6828
|
Clearance of Segregated Foreign
Materials from Honey Grade Brass Scrap before Feeding in the Furnace cannot
be Treated as Removal of ‘’Inputs as Such”
·
Segregated Foreign Material may be Cleared on
Payment of Excise Duty as per Appropriate Classification
|
1029-CBEC/10.05.2016
|
|
6829
|
Parliament
Passes the Insolvency and Bankruptcy Code
|
PIB Press
Release/11.05.2016
|
|
6830
|
Tax on Royalty Down to 10%
|
PIB Press
Release/08.05.2016
|
|
6831
|
India Goes into Consultation with US at
WTO on Visa Fee Hike
|
PIB Press
Release/10.05.2016
|
|
6832
|
Capital Gains Tax in India for Mauritius Investment from 2017
|
ABS News
Service/13.05.2016
|
|
6833
|
Crude, Metals and Precious Metals, Food Rise
in April
·
Gold and Fertilizers Down
·
Natural Gas, Coal, Shrimp, World Sugar, Woodpulp, Steady
|
World Bank Pink Sheet
|
|
6834
|
New Regulations an Exports of Goods and
Services under FEMA
|
68-RBI/12.05.2016
|
|
6835
|
New Forex Deposit Regulations 2016 for NRI
and PIOs Notified
|
67-RBI/05.05.2016
|
|
6836
|
RBI Guidelines
for Branch Office of Foreign Entities
|
69-RBI/12.05.2016
|
|
6837
|
New Warehousing Regulations
· Commissioner
of Customs DO Letter dated 14 May 2016
· Removal of Goods from Customs
Station and Affixation of One Time Lock under Ch.IX
of CA 1962 – CBEC Circular 17 dated 14 May 2016
· Bond Required to File under
Section 59 of CA 1962 – CBEC Circular 18 dated 14 May 2016
· Specifies the class of goods
which shall be deposited in a special warehouse licensed under Section 58A(1)
of CA 1962 – Notification 66-Cus(NT) dated 14 May 2016
· Warehoused Goods (Removal)
Regulations, 2016 - Notification 67-Cus(NT) dated 14 May 2016
· Warehouse (Custody and Handling
of Goods) Regulations, 2016 - Notification 68-Cus(NT) dated 14 May 2016
· Special Warehouse (Custody and
Handling of Goods) Regulations, 2016 - Notification 69-Cus(NT) dated 14 May
2016
· Public Warehouse Licensing
Regulations, 2016 - Notification 70-Cus(NT) dated 14 May 2016
· Private Warehouse Licensing
Regulations, 2016 - Notification 71-Cus(NT) dated 14 May 2016
|
D.O.F.No.
484/03/2015-LC(VolI)/14.05.2016
17 and 18 CBEC Circular dated
14.05.2016
66 to 72 Cus(NT)/14.05.2016
|
|
6838
|
|
17-ADD/13.05.2016
|
|
6839
|
|
Notification No. 65/2016-CUSTOMS (N. T.) dated 13
May 2016
|
|
6840
|
|
ABS News
Service/13.05.2016
|
|
6841
|
Cabinet
approves National Intellectual Property Rights Policy
“Creative
India; Innovative India: रचनात्मक
भारत; अभिनव
भारत”
|
ABS News
Service/13.05.2016
|
|
6842
|
Indian Vessel under UN Sanction for Carrying
Disputed Libyan Oil Freed
|
ABS News
Service/13.05.2016
|
|
6843
|
Budget
Session Concludes; Session Productive, says Minister Shri M.A.Naqvi
Government’s
Outreach to Opposition Resulting in Better Functioning of Parliament, says
Minister
Sittings
of Parliament and Bills Passed by Lok Sabha over
last 2 years Increased
Over
a Dozen Reform Bills Passed in 2 years and Parliament needs to do More to
Push Reforms; GST Bill likely next Session-Minister
1,175
Outdated Laws Repealed during last Two Years
|
ABS News
Service/13.05.2016
|
|
6844
|
Zero Excise Duty for Bio Diesel Manufacturers
Till 31 March 2017
· 6%
Excise Duty will Apply from 1 April 2017
|
23-CE/17.05.2016
|
|
6845
|
Provisional Anti-dumping Duty on CR and HR Seamless Steel
Tubes from China
|
18-ADD/17.05.2016
|
|
6846
|
Reward Claim
Procedure on EDI and Non EDI Shipping Bills under MEIS Simplified
Long
Declaration Substituted by Questionnaire Response
|
09-PN/16.05.2016
|
|
6847
|
Azo Dyes Test not Required for Textile
Import from Four More Countires
|
10-PN/18.05.2016
|
|
6848
|
DGFT Clarifies Rice Bran Oil Export is
Open for Export without Pack Size Limitation
|
08-Ntfn/18.05.2016
|
|
6849
|
Import of Goods
for Aircraft Manufacture, SU-30 MKI Aircrafts, AN-32 Transport Aircrafts,
Mi-8 and Mi-17, Dhanush, Advanced Jet Trainer and
HJT-36 Engines – Entries Omitted from the List
|
Ntfn 33/17.05.2016
|
|
6850
|
Amendments in Cenvat Credit Rules 2004 inline
with Finance Act 2016
|
27-CE(NT)/14.05.2016
|
|
6851
|
Give
Equal Work to All Counsels, Orders Board
|
CBEC Instruction F.No.
278A/25/2016-Legal dated 11th May 2016
|
|
6852
|
Non Payment of Past
Service Tax Liability on Religious Pilgrimage thru MEA under Bilateral
Arrangement Regularised
|
25-ST/17.05.2016
|
|
6853
|
Clean Environment Cess
is New Name for Clean Energy Cess, both are the same thing
|
01-CEC/14.05.2016
|
|
6854
|
Infrastructure
Cess Amendments after Finance Act Passage by Parliament
|
02-Infrastructure Cess/ 14.05.2016
|
|
6855
|
Rupee Falls 90 paise against Dollar to Rs.
68.05 w.e.f. 20 May 2016
|
77-Cus(NT)/19.05.2016
|
|
6856
|
Zero Duty under
LDC Withdrawn for Maldives and Samoa
|
Ntfn
34/19.05.2016
|
|
6857
|
Hubei Hongyuan Pharmaceutical Co. Ltd Name Changed to Hubei Hongyuan Pharmaceutical Technology Co. Ltd in Metronidazole
Anti-dumping Case
|
19-ADD/19.05.2016
|
|
6858
|
Money Transfer
Agents to Report Online in XBRL System
|
70-RBI/19.05.2016
|
|
6859
|
Rupee Drawing
Arrangement through XBRL System (Email)
|
71-RBI/19.05.2016
|
|
6860
|
Board Clarifies Transitional Provisions of
Duty Free Shops, Ship Stores, Airline Stores under Sec 58A of CA 1962
|
20-CBEC/20.05.2016
|
|
6861
|
Allotment of Warehouse Code for Customs
Bonded Warehouses
|
19-CBEC/20.05.2016
|
|
6862
|
Procedure for Timely Selection of Special
Public Prosecutors (SPPs) for Handling CBEC Cases before the Court
|
CBEC Instruction F.No.
278A/54/2015-Legal dated 19th May 2016
|
|
6863
|
Three Trade Reps Nominated as
Members of Sub-Committee for Jewellery Excise Duty Review
·
Reports of Excise Raids on Jewellery
Establishments come in
|
1030-CBEC/18.05.2016
|
|
6864
|
DGFT Promises Enlargement of MEIS on Funds
Receipt from Fin Min
|
FIEO Press Release dated 20th May 2016
|
|
6865
|
KPT and JNPT to Put Up $85mn for
Two Terminals and Three Berths in Chabahar Port
· Rival
to China Supported Gwadar Port in Pak
· India
Moves towards Iran as US Loosens Sanctions
· Entry
into Afghanistan and Central Asia thru Iran Proposed
·
Energy Intensive Investments in Free Trade
Zone
|
ABS News Service/26.05.2016
|
|
6866
|
China Export is “Non Standard”, EU
Parliament Passes Resolution
|
ABS News Service/26.05.2016
|
|
6867
|
India Opens to Myanmar thru Asean FTA, Normal Trade from 1 Dec 2015
|
ABS News Service/26.05.2016
|
|
6868
|
DGFT Regional Office Raipur and Rajkot
Included in the Committee on Quality Complaint and Trade Dispute
|
11-PN/24.05.2016
|
|
6869
|
Indore SEZ Jurisdiction in Appendix 1A and
6J and Aayat Niryat Forms
for EOUs and SEZs in MP
|
12-PN/24.05.2016
|
|
6870
|
DGFT Clarifies Applications Digitally Signed
by Power of Attorney Holders to be Entertained
·
PAN Change will be Allowed with Transfer of
Liability to New Entity
|
06-TN/23.05.2016
|
|
6871
|
Individual Arbitrator not Liable to
Service Tax if Tax is Paid for Tribunal Services
|
193-ST/18.05.2016
|
|
6872
|
0.5% Service Tax on All Services by way of Krishi Kalyan Cess from 1 June
2016
·
Total Service Tax 15% Now – 14% + 0.5% (Swachh Bharat) + 0.5% (Krishi Kalyan)
|
27-ST/26.05.2016
|
|
6873
|
No Service Tax on Krishi Kalyan Cess
|
28-ST/26.05.2016
|
|
6874
|
Krishi
Kalyan Cess Rebate
|
29-ST/26.05.2016
|
|
6875
|
Krishi
Kalyan Cess Refund on Services used in SEZ Units
|
30-ST/26.05.2016
|
|
6876
|
Composition Rate for
Krishi Kalyan Cess
|
31-ST/26.05.2016
|
|
6877
|
No Service Tax
Exemption of Rs. 10 Lakhs on Rent Paid by Business
Entities to Govt Agency
|
26-ST/20.05.2016
|
|
6878
|
Cenvat Credit of Krishi Kalyan Cess (KKC) Paid on Input Services Available to
Service Providers and Utilised for Discharge of Liability of KKC only
|
28-CE(NT)/26.05.2016
|
|
6879
|
30% Export Duty
Reappears on Chromium Ores and Concentrates, Zero Duty in Budget 2016
Withdrawn within Three Months
|
Ntfn 35/26.05.2016
|
|
6880
|
Single Application
for MEIS for Shipments from Multiple Ports
|
13-PN/27.05.2016
|
|
6881
|
Anti-dumping Duty
on Coumarin from China Extended for Five More years
in Review
|
20-ADD/27.05.2016
|
|
6882
|
Twelve Parties
Allocated Pepper Quota for Duty Free Import from Sri Lanka under FTA
|
07-TN/27.05.2016
|
|
6883
|
ACU Minimum Scaled
Down to $500
|
72-RBI/26.05.2016
|
|
6884
|
EDPMS (Export Data
Processing Monitoring System) Integrates Export Monitoring for Payment
Realization
|
74-RBI/26.05.2016
|
|
6885
|
FEMA
Compounding of Offences Cases to Uploaded on the Net Every Month
|
73-RBI/26.05.2016
|
|
6886
|
Govt Cracks Down on E-Commerce Websites, No More
Discounts Beyond 25%
·
Market Place Model under Attack
|
ABS News Service/01.06.2016
|
|
6887
|
Philip
Morris Resorts HK-Australia Investment Treaty in Cigarette Labelling Case
· Demands
$4.16bn Compensation
·
Tobacco Major Loses Case
|
ABS News Service/01.06.2016
|
|
6888
|
World Steel Producers Call for Market Oriented
Restructuring with Exit and Mergers
|
ABS News Service/01.06.2016
|
|
6889
|
China, Japan Demand Low Tariff from India
in ASEAN + Talk
|
ABS News Service/01.06.2016
|
|
6890
|
Xiaomi Ties Up with Microsoft, Buys
Patents
|
ABS News Service/01.06.2016
|
|
6891
|
Corrections in Application for FED
Refund/Drawback Claim (ANF 7A), Reimbursement of CST on Supplies made to
EOUs, EHTP and STP (Appendix 6H)
|
14-PN/30.05.2016
|
|
6892
|
No Security for Govt Imports
· Insurance
Cover for Transit Goods
· No
Security for One Year in Warehoused Goods, Liquor in Public Bonded Warehouse
· Security
to be Furnished in Import Port
· New
Guidelines for Security of Perishable Goods
|
21-CBEC/31.05.2016
|
|
6893
|
|
23-CBEC/01.06.2016
|
|
6894
|
|
22-CBEC/31.05.2016
|
|
6895
|
·
Short Route for Settling Commissioner
(Appeals) Case
|
CBEC Instruction/01.06.2016
|
|
6896
|
|
29-CE(NT)/31.05.2016
|
|
6897
|
Anti-dumping Duty Imposed on MAA (Methyl Acetoacetate) from USA and China –
Final Findings
|
22-ADD/31.05.2016
|
|
6898
|
Anti-dumping Duty Hiked on Dichloromethane from China and Russia in Final Findings
|
21-ADD/31.05.2016
|
|
6899
|
|
80-Cus(NT)/02.06.2016
|
|
6900
|
|
194-ST/26.05.2016
|
|
6901
|
Ten New Pre-shipment Inspection Agencies (PSIA)
for Scrap Inspection Notified
|
15-PN/31.05.2016
|
|
6902
|
·
Soyabean Oil Rises
by $6/MT
|
78-Cus(NT)/31.05.2016
|
|
6903
|
Crude and Refined Naphthalene from
China, EU under Dumping Net on Complaint of Himadri
Chemicals Plus Two
·
Russia, Iran and Japan also in Net in Crude
Case
|
Anti-dumping Initiation Notification
No.14/35/2015-DGAD dated 1st June 2016
|
|
6904
|
Sodium
Chlorate from Canada, China and EU in Anti-dumping Investigation on Gujarat Alkalies Complaint
|
Anti-dumping Initiation Notification F.
No.14/13/2015-DGAD dated 12th May 2016
|
|
6905
|
No Solvency
Certificate Required where the Applicant is the Govt
Administration, EHTP/STP/EOUs
|
24-CBEC/02.06.2016
|
|
6906
|
Newsprint Policy –
RNI Registration Holders can Import Newsprint by Filing BE for Home
Consumption or Warehousing
|
09-Ntfn/03.06.2016
|
|
6907
|
AIPMA, Export
Inspection Council and EEPC India Notified for Issue of Certificate of Origin
(Non-Preferential)
|
16-PN/03.06.2016
|
|
6908
|
Hosur (TN) and Nattakkam
Village (Kottayam, Kerala) ICD Added as Shipment Points in Export Promotion
Notifications
|
Ntfn 36/01.06.2016
|
|
6909
|
Anti-dumping
Duty on PTFE from Russia Cut by 78% in Review
|
23-ADD/06.06.2016
|
|
6910
|
Aluminium
Downstream Manufacturers Protest on Hindalco Safeguard Duty Proposal in
Aluminium Ingots
·
Jindal Aluminium of Bangalore behind Ad
released in Leading Papers under Pseudonym of "Patriot"?
|
ABS News Service/09.06.2016
|
|
6911
|
India-US Joint Statement during the Visit
of Prime Minister to USA
|
ABS News Service/09.06.2016
|
|
6912
|
World Bank Cuts 2016 Global Growth
Forecast to 2.4 percent
|
ABS News Service/09.06.2016
|
|
6913
|
ONGC Videsh
Plans First Dollar Debt in 2 Years
|
ABS News Service/09.06.2016
|
|
6914
|
DGAD Initiates Investigation on Wire Rod
from China on Complaint of SAIL, RINL, Usha Martin
and JSW Steel
|
Anti-dumping Initiation Notification No.
14/17/2016-DGAD dated 2nd June 2016
|
|
6915
|
Foshan Sanshui
and Heyuan China Lose in New Shipper Review in
Porcelain Tiles Case – Final Duty in 2008 Notification to Apply with
Retrospective Effect
|
24-ADD/07.06.2016
|
|
6916
|
10 July 2012 Notification Rescinds –
Foshan Sanshui Ceramic Seek Exemption in Porcelain
Tiles Anti-dumping Pending Review, Party Loses Case
|
25-ADD/07.06.2016
|
|
6917
|
Crude, Coal, Food and Precious
Metals Rise in May
· Fertilizers,
Wheat, Rubber and Metals Down
·
Natural Gas, Bananas and Woodpulp,
Steady
|
World Bank
|
|
6918
|
Licensee to Maintain Records of Receipt,
Handling, Storing and Removal of Warehoused Goods in Form A in Electronic
Form
|
25-CBEC/08.06.2016
|
|
6919
|
Application Form for a Public Warehouse
Licence under Sec 57, 58 or 58A of CA 1962
|
26-CBEC/09.06.2016
|
|
6920
|
State Electricity Board to give Power
Usage Info to Excise to Monitor Production of Rolling Mills
|
CBEC Instruction dated 6th June 2016
|
|
6921
|
Only One Revalidation for Six Months of
Advance Authorization by Regional Authority, Both Para 4.41(a) and
4.47(a)(ii) not Allowed
|
17-PN/08.06.2016
|
|
6922
|
Both Malleable or Non Malleable of ‘Other Cast
Articles of Iron or Steel’ under ITC(HS) Code 7325 Eligible for FTP Benefits
|
08-TN/09.06.2016
|
|
6923
|
Legal Services by Sr. Advocates to Tiny
Units of Less than Rs. 10 Lakhs Exempted from Tax
|
32-ST/06.06.2016
|
|
6924
|
Business Entity Liable for Tax on Advocate
Services
|
33-ST/06.06.2016
|
|
6925
|
Line of Credit US$24mn to Cote d’Ivoire
|
75-RBI/09.06.2016
|
|
6926
|
Powers of Adjudication and Show Cause Notice for
Customs Cases
|
81-Cus(NT)/06.06.2016
|
|
6927
|
Common Adjudicating Authority in DRI Cases
|
82-Cus(NT)/07.06.2016
|
|
6928
|
Duty Free Gold Supply Procedure to Jewellery Exporters
– Nominated Agencies to give 25% Bank Guarantee with Proof of Export
|
27-CBEC/10.06.2016
|
|
6929
|
Startups Allowed to Open Forex Account Outside
India
|
RBI Notification No. FEMA 10(R)/(1)/2016-RB
dated 1st June 2016
|
|
6930
|
Britain
Set to Exit EU in 22 June
·
Free Movement of Labour under Attack,
Barricades Come up on the Isles
|
ABS News Service/15.06.2016
|
|
6931
|
US-China Spar Over Steel in Beijing
|
ABS News Service/15.06.2016
|
|
6932
|
Steel Ministry Wants Fresh Lease Life to
Steel MIP Expiring Aug
|
ABS News Service/15.06.2016
|
|
6933
|
Central Port Authorities Act to Replace
Major Port Trust Act
|
ABS News Service/15.06.2016
|
|
6934
|
UNCTAD Meet in Nairobi on 17 to 22 July
2016
|
ABS News Service/15.06.2016
|
|
6935
|
Consolidated
FDI Policy Circular of 2016
|
ABS News Service/15.06.2016
|
|
6936
|
Rupee Gains 25 paise
against Dollar to Rs. 68.05 w.e.f.
17 June 2016
|
87-Cus(NT)/16.06.2016
|
|
6937
|
Single Window Import System for Drugs
Streamlined for Dual Use Drugs, Testing to be Minimized
|
28-CBEC/14.06.2016
|
|
6938
|
No Excise Visits to Retail Shops
of RMG without Permission and Intelligence
·
Only Branded Garments above Rs. 1000 and Clearances above Rs.
1.5 Crs Covered
|
1031-CBEC/14.06.2016
|
|
6939
|
Anti-dumping Duty Review to Continue on Pentaerythritol from China Initiated, Duty Extended upto 13 June 2017
|
26-ADD/13.06.2016
|
|
6940
|
Board for 80% Refund to Service Exporters
after CA Certificate
|
195-ST/15.06.2016
|
|
6941
|
FTZ Corrected to SEZ
|
24-25-CE/14.06.2016
|
|
6942
|
Tariff Value Rises on Gold $2;
Silver $31; Areca Nuts $13
·
Crude Palm Oil Falls by $5; RBD Palm Oil $13; Palmolein $22; Brass Scrap $37
|
86-Cus(NT)/15.06.2016
|
|
6943
|
Gold Tariff Value Rises $21
|
85-Cus(NT)/14.06.2016
|
|
6944
|
Export Fall Arrested, May Shows Decline of
0.79%; Imports Fall 13.16%
|
PIB (MoC&I)
Press Release dated 15th June 2016
|
|
6945
|
Wheat Duty of 25% Extended without
Limit
·
Expiry Date of 30 June Removed
|
38/17.06.2016
|
|
6946
|
Export Duty of 20% Slapped on Sugar
|
37/16.06.2016
|
|
6947
|
India Gives $2bn
to Bangladesh for Power, Transport, ICT and Health
|
76-RBI/16.06.2016
|
|
6948
|
PP Fabric from Malaysia, Indonesia and Three others in Anti-dumping
Investigation on Petition of Global Nonwovens Ltd
|
Anti-dumping
Initiation Notification F.No.14/23/2015-DGAD dated 15th June 2016
|
|
6949
|
Duty Cut on 1630 Items in
Indo-Malaysia PTA w.e.f 30 June 2016
· 1274
Lines at Zero
·
349 Lines at 5%
|
Ntfn 40/21.06.2016
|
|
6950
|
Togo and Chad
Included in LDC List
|
Ntfn 39/21.06.2016
|
|
6951
|
Civil Aviation
Min to Give Air Transport Services Permission and Not DGCA
|
10-Ntfn/20.06.2016
|
|
6952
|
Textile
Package Released
Extra
Duty Drawback for Garments to Refund VAT, Advance Licence Imports Considered
Domestic Inputs in Calculations
|
ABS News
Service/24.06.2016
|
|
6953
|
Sunset Review for Anti-dumping
Continuation on Sewing Machine Needle from China on Altek
Needles Request
|
Anti-dumping Duty Notification F. No. 15/2/2016-DGAD
dated 10th June 2016
|
|
6954
|
PVC Paste Resin Anti-dumping duty to Continue
for Five More Years in Review
·
China, EU Still in Net, Russia, LG Chemicals
and HCC from Korea Out
|
27-ADD/23.06.2016
|
|
6955
|
DGFT Releases 10,293 MT Sugar Quota for USA under
TRQ upto 30 Sept 2016
|
18-PN/22.06.2016
|
|
6956
|
DGFT Releases Additional 2 Lakh MT of Marble
Quota
·
Classic Marble and RK Marble get 10000 MT Plus
Quota
|
09-TN/21.06.2016
|
|
6957
|
Additional Quota of 25% of Rough Marble
Allowed to Authorisation Holders but Import before 30 Sept 2016 Must
|
11-Ntfn/21.06.2016
|
|
6958
|
Govt Hikes Duty Drawback Rates on Gold (Rs. 252.39/gm) and Silver (Rs.
3285.40/kg) Jewellery
|
30-CBEC/24.06.2016
90-Cus(NT)/24.06.2016
|
|
6959
|
India Extends Ban on Milk and Milk
Products from China for One More Year
|
12-Ntfn/24.06.2016
|
|
6960
|
Single Window Project – Customs Officers
Refer Consignments to FSSAI Manually – FSSAI Online System Failed
|
CBEC Circular FNo.
450/145/2015-Cus-IV dated 15th June 2016
|
|
6961
|
Rupee Falls against South African Rand by
25 paise
|
88-Cus(NT)/23.06.2016
|
|
6962
|
Japanese Yen Rises by Rs.
3.85 to Rs. 65.25 per 100 Yen
|
89-Cus(NT)/24.06.2016
|
|
6963
|
European Option Contracts Allowed to
Exporters and Importers
|
78-RBI/23.06.2016
|
|
6964
|
Start Ups get Indian Facilities in Outside
India Accounts
|
77-RBI/23.06.2016
|
|
6965
|
No KKC on Invoices Issued for Services on or
before 31 May 2016
|
35-ST/23.06.2016
|
|
6966
|
Service Tax Exempted on Transportation of
Goods by Vessels from Outside India upto Indian
Customs Stations Invoices should be made on or before 31 May 2016
|
36-ST/23.06.2016
|
|
6967
|
J.K. Tyres Exports of Radial Tyres through
New Mangalore Port
|
ABS News Service/25.06.2016
|
|
6968
|
David Cameron Urges EU for Border Control
on Labour Inflows to Remain in Europe
|
ABS News Service/30.06.2016
|
|
6969
|
Angela Merkel sees no chance of British U-turn on Brexit, Start the Divorce Process
|
ABS News
Service/30.06.2016
|
|
6970
|
Canada Tables E-commerce “Communication”
at WTO, Wants Bank Account of Counterfeiters Sealed
|
ABS News
Service/30.06.2016
|
|
6971
|
India Jumps 19 Places in World Bank’s
Logistics Performance Index
|
ABS News
Service/30.06.2016
|
|
6972
|
India in MTCR Club, Can Now Export Arms
|
ABS News
Service/30.06.2016
|
|
6973
|
US Announces US$300mn in Payments for
Cotton Producers
|
ABS News
Service/30.06.2016
|
|
6974
|
EU Clinches Political Deal to Curb
Conflict Minerals Trade
|
ABS News
Service/30.06.2016
|
|
6975
|
Colombia
Loses Compound Tariff Case at WTO Appellate Body
·
Plea of Curbing Illicit Trade and Money
Laundering Not Allowed
|
ABS News
Service/30.06.2016
|
|
6976
|
RCEP Countries Conclude Auckland Round,
All 10 including India Submit Offers
|
ABS News
Service/30.06.2016
|
|
6977
|
Colour Coated Steel
from China and EU in Anti-dumping Investigation on Petition of Essar and JSW
Steel
|
Anti-dumping Initiation
Notification No. 14/28/2O16-DGAD dated 29th June 2016
|
|
6978
|
No Importer
Registration for Registered First Stage Dealer
|
Excise Notification No.
30 (Non Tariff) dated 28th June 2016
|
|
6979
|
Pound Sterling Falls by Rs.
6.40 to Rs. 92.50
|
Customs Notification No.
91 (Non Tariff) dated 29th June 2016
|
|
6980
|
Tempered Glass from China in Anti-dumping
Investigation on Gujarat Borosil Complaint
|
Anti-dumping Initiation Notification
F.No.14/3/2016-DGAD dated 23rd June 2016
|
|
6981
|
Drawback Dept Launches Special Drive from 1 July to 30 Sept 2016
to Resolve Pending Cases
· No
Overdues Certificate from Bank
· Extraneous
Query on Document
· EGM
Mismatch
·
Zero-Zero Cases
|
Drawback Dept Circular F.No. 609/14/2014-DBK dated 30th June 2016
|
|
6982
|
DGFT Lifts Partial Ban on Iran Trade
·
UN Resolutions to Apply
|
13-Ntfn/29.06.2016
|
|
6983
|
SCOMET Items Exports to Iran – UN
Resolution 2231 to Apply
|
19-PN/29.06.2016
|
|
6984
|
Hosur (TN) and Nattakkam Village (Kottayam Kerala)
ICD Included in Port of Registration for Export Promotion Scrips
|
20-PN/01.07.2016
|
|
6985
|
Tariff Value Rises on Gold $12;
Silver $32
·
Crude Palm Oil Falls by $34; RBD Palm Oil $16;
Other Palm Oil $25; Soyabean Oil $35; Brass Scrap
$30
|
92-Cus(NT)/30.06.2016
|
|
6986
|
ACU Euro Transactions Suspended
Temporarily – Pending Review
|
81-RBI/30.06.2016
|
|
6987
|
Only High Value ECB Cases with Empowered
Committee in RBI
|
80-RBI/30.06.2016
|
|
6988
|
Rupee Value under Indo-USSR Deferred Payment
Protocols Revised to Rs. 83.5796140 from 23 June
2016
|
79-RBI/30.06.2016
|
|
6989
|
Sunil Mittal Takes Chairmanship of ICC for
Two Years
|
ABS News Service/04.07.2016
|
|
6990
|
Centre to give Farm Exports an Organic
Booster Shot
|
ABS News Service/04.07.2016
|
|
6991
|
No Recovery
where Stay Proceedings on, CBEC Accepts Court Judgements
Recovery
Proceedings only after Court Order
|
1035-CBEC/04.07.2016
|
|
6992
|
DRI Low Rank Officials will
Continue to Issue Show Cause Notice
·
Board Goes SC in SLP
|
CBEC Instruction dated 29th June
2016
|
|
6993
|
Time Limit for Jewellery Excise
Registration Extended to 31 July 2016
|
1033-CBEC/01.07.2016
|
|
6994
|
PTA from China, Iran, Indonesia, Malaysia
and Taiwan – Marginal Hike in Final Findings of Anti-dumping Authority
|
28-ADD/05.07.2016
|
|
6995
|
Expanded Polypropylene Beads and Ter-polymer Excluded from Polypropylene from Singapore
Anti-dumping
|
29-ADD/05.07.2016
|
|
6996
|
Tariff Value Rises on Silver $69/kg
|
95-Cus(NT)/05.07.2016
|
|
6997
|
One Time undertaking and Utilisation
Certificate Required for Duty Free Bunker Fuel Supply from OMC to Indian Flag
Vessel
|
31-CE(NT)/04.07.2016
|
|
6998
|
Rupee Purchases upto
25k Allowed in Duty Free Shops
|
31-CBEC/06.07.2016
|
|
6999
|
Sugar Duty Exempted on Advance Authorization
Based Export
|
Ntfn 41/06.07.2016
|
|
7000
|
Rupee Gains 10 Paise
against Dollar to Rs. 68.20 w.e.f.
7 July 2016
|
96-Cus(NT)/06.07.2016
|
|
7001
|
RBI Discontinues Submission of Bank
Guarantee Reports for Service Imports with Immediate Effect
|
01-RBI/07.07.2016
|
|
7002
|
Board Defines Express ‘Site’ in SNo. 186 of 12-CE/17.03.2012 – Goods Manufactured at the
Site of Construction for use in Construction Work
|
1036-CBEC/06.07.2016
|
|
7003
|
Titanium Dioxide SION Amended
|
21-PN/06.07.2016
|
|
7004
|
Honnavar Port Notified for Loading and Unloading of Goods
|
97-Cus(NT)/08.07.2016
|
|
7005
|
Notification on 15% Interest for
Warehoused Goods beyond 90 Days Rescinded
|
98-Cus(NT)/08.07.2016
|
|
7006
|
Crude, Coal and Precious Metals, Food Rise in
June
· Fertilizers,
Wheat, Rubber, Iron Ore and Copper Down
· Natural
Gas, Bananas and Woodpulp, Steady
|
World Bank Pink Sheet
|
|
7007
|
Anti-dumping Duty on Tetrafluoroethane
from China – Marginal Cut in Review
|
30-ADD/11.07.2016
|
|
7008
|
Anti-dumping
Duty on Tetrafluoroethane – China Entries Omitted
from Ntfn 61/2011-Cus dated 15.07.2011
|
31-ADD/11.07.2016
|
|
7009
|
Cotton Textiles
EPC Registration Required for Zero Duty Concessions to Goods Imported for the
Manufacture of Cotton Garments
|
Ntfn
42/11.07.2016
|
|
7010
|
Mandatory Physical Verification of Garments Factory for Excise
Registration Exempted
|
32-CE(NT)/11.07.2016
|
|
7011
|
Last Date for
Filing Application for TRQ on Maize by STEs for FY2016-17 Extended Till 8
August 2016
|
22-PN/11.07.2016
|
|
7012
|
WCO Highlights
World Informal Trade in Tobacco
|
ABS News
Service/14.07.2016
|
|
7013
|
Iron Ore’s Rapid
Surge Shows Steel Revival
|
ABS News
Service/14.07.2016
|
|
7014
|
WTO Holds
E-Commerce Discussions on Digital Divide between the Poor and Rich
|
ABS News
Service/14.07.2016
|
|
7015
|
Weak Yuan Pushes
China Exports
|
ABS News
Service/14.07.2016
|
|
7016
|
EU
Commission: CETA to Face Votes in National Parliaments
·
Nations Assert themselves, Follow Brexit
|
ABS News
Service/14.07.2016
|
|
7017
|
IGCR 2016 for Production from Duty Free
Import - Production Period Increases to Six Months from Three Months
|
100-Cus(NT)/14.07.2016
|
|
7018
|
Fibre Board (MDF) from Indonesia ($14.71
to 64.35 per cu m) and Vietnam ($14.84 to 63.99 per cu m) Slapped with
Anti-dumping Duty for Five Years
|
34-ADD/14.07.2016
|
|
7019
|
Embroidery Yarn Defined in Notification on
Viscose Filament Yarn from China Anti-dumping Duty
|
32-ADD/14.07.2016
|
|
7020
|
Phenol Anti-dumping – LG Chem Ltd, Korea Included as Exporter
|
33-ADD/14.07.2016
|
|
7021
|
Duty Free Shops Operation and Removal of
Goods Procedure under Special Warehouse Regulations 2016 Notified
|
32-CBEC/13.07.2016
|
|
7022
|
New Hazardous and Other Wastes Rules 2016
Recognized by DGFT
|
14-Ntfn/14.07.2016
|
|
7023
|
India Gives $86.31mn Line of Credit to
Myanmar
|
02-RBI/14.07.2016
|
|
7024
|
Cashew Exports Fall 22% in Q1 on Higher Raw Nut
Prices
|
ABS News Service/18.07.2016
|
|
7025
|
US
Blocks Renewal of Korean Appointment to WTO Appellate Panel, Claims Judge
going beyond Stated Law
|
ABS News Service/18.07.2016
|
|
7026
|
Government
Accepts the Recommendations of Sub-Committee of the High Level Committee to
Interact with Trade & Industry on Tax Laws on Issues Relating to
Compliance Procedure for the Excise Duty, Records to be Maintained and other
Relevant Administrative Issues
|
PIB (MoF) Press Release dated 13th July 2016
|
|
7027
|
Importer and Exporter Must Fulfil KYC Norms – Photo Identity Address
Proof, Photocopy of IEC Detail with Freight Forwarders Required
|
Jawaharlal Nehru Customs House Public Notice
No. 99 dated July 2016
|
|
7028
|
Plastic Valuation Allowed to go below 10%
of PLATT Quotes
|
Jawaharlal Nehru Customs House Standing Order No.
44 dated 8th July 2016
|
|
7029
|
Tariff Value
Rises on Brass Scrap $188
Crude
Palm Oil Falls by $23; RBD Palm Oil $43; Palmolein
$61; Crude Soyabean Oil $13; Silver $3
|
101-Cus(NT)/15.07.2016
|
|
7030
|
New RBI-BRC Module for Monitoring Export
Realization in EDI
|
Air Cargo Complex, Sahar, Mumbai Public Notice
No. 24 dated 15th July 2016
|
|
7031
|
Solid Plastic Waste
for Recycling Allowed in SEZ
Post
Consumption Waste such as Plastic Bags not Allowed
|
Ministry of Environment, Forest and Climate
Change Notification dated 6 July 2016
|
|
7032
|
Finally, Exports Rise 1.27% in June after
18 Months
|
ABS News Service/21.07.2016
|
|
7033
|
G-20 Trade Ministers Meet in Shanghai to
Inject Additional $2tn in GDP by 2018
|
ABS News Service/21.07.2016
|
|
7034
|
EU Joins US in Spat over Export Controls
in China
|
ABS News Service/21.07.2016
|
|
7035
|
Ivory Trade in CITES Conference – Africa
Wants Full Stop, EU Ready for Comma
|
ABS News Service/21.07.2016
|
|
7036
|
Micro/Mini SD Cards to get Zero Duty under
IT Agreement, CBEC Classifies Item under 8523 51 00 – Item in Zero Duty after
Coverage at SNo. 3 in 24/2005
|
CBEC Instruction dated 20th July 2016
|
|
7037
|
Glyphosate Classification as Plant Growth
Regulator or Retardant Depends upon Usage, New Opinion of CBEC
|
1039-CBEC/21.07.2016
|
|
7038
|
Manual Signature can Substitute Digital
Signature for Excise, Says CBEC
|
1038-CBEC/19.07.2016
|
|
7039
|
Tamarind Kernel Powder Classified
under Heading 1302 32 90 of CETA, 1985
·
Earlier Classification as Vegetable Extract in
1106 30 10 Rescinded
|
1037-CBEC/19.07.2016
|
|
7040
|
Supplies to SEZ to Paid in Forex from 01.04.2016,
Rupee Payment Ok before Date
|
10-TN/20.07.2016
|
|
7041
|
Hotels Not to Include Tax in Forex
Earnings for Claiming SEIS/SFIS Reward
|
11-TN/21.07.2016
|
|
7042
|
Rupee Gains 5 Paise
against Dollar to Rs. 68.15 w.e.f.
22 July 2016
|
102-Cus(NT)/21.07.2016
|
|
7043
|
Revised Guidelines for Authorized Economic
Operator (AEO) Program – ACP and AEO Combined
·
42 Page Guideline Notified
|
33-CBEC/22.07.2016
|
|
7044
|
Trans Border Safety Control Inspection
Services LLC, USA Delisted as PSIA for Metal Scrap Inspection
·
Adjudication Finds them Guilty of Mis-declaration
|
23-PN/22.07.2016
|
|
7045
|
ED
and DRI to Crack Down on Cos for Non Realization of Export Proceeds after
Claiming Drawback
|
PIB (MoF) Press Release dated 21st July 2016
|
|
7046
|
Fourteen
Coastal Eco Zones to be Developed by Sagarmala Corp
|
ABS
News Service/23.07.2016
|
|
7047
|
Quality Standards for Import of Goods
|
ABS
News Service/23.07.2016
|
|
7048
|
Articles and Parts of Jewellery at 1% Excise
Duty Manufacture without Cenvat Credit on Inputs
(12.5% with Cenvat Credit)
·
Silver Jewellery Exempted
|
26-CE/26.07.2016
|
|
7049
|
Articles of Jewellery Outside Material
Liable to Duty only on Value Added
|
27-CE/26.07.2016
|
|
7050
|
Small Scale Exemption of Rs. 10 crs on Jewellery
|
28-CE/26.07.2016
|
|
7051
|
Gold Jewellery Excluded from “Handicrafts”
Definition
|
29-CE/26.07.2016
|
|
7052
|
Small Scale Exemption upto
Rs. 15 crs for Jewellery
Manufacture
|
1040-CBEC/26.07.2016
|
|
7053
|
No Excise Audit for First Two Years of
Production
|
1041-CBEC/26.07.2016
|
|
7054
|
No Excise Registration for Jewellery Exporters
(but many exceptions)
|
1042-CBEC/26.07.2016
|
|
7055
|
Special
Procedures for Excise Jewellery Sales Prescribed
· State
VAT Records to Double for Excise
·
Special Procedure for Job Work Outside
214/86-CE Devised
|
1043-CBEC/26.07.2016
|
|
7056
|
Gold Jewellery Out of Excise Inspector
Raj?
|
1044-CBEC/26.07.2016
|
|
7057
|
New Deal for
Excise Duty on Gold Jewellery
·
Amnesty for Stocks before Budget 2016
|
1045-CBEC/26.07.2016
|
|
7058
|
Tariff Value of Gold Jewellery Fixed at
“First Sale Value” of Manufacturer
|
33-CE(NT)/26.07.2016
|
|
7059
|
Jewellery Collection of Duty Rules 2016
Notified with Stock Registration Form
|
34-CE(NT)/26.07.2016
|
|
7060
|
Central Excise Rules 2002 Amended for
Gold Jewellery
|
35-CE(NT)/26.07.2016
|
|
7061
|
Cenvat Credit Rules 2004 Amended for Gold
Jewellery
|
36-CE(NT)/26.07.2016
|
|
7062
|
Quarterly Return ER-8 Form Amended for
Gold Jewellery
|
37-CE(NT)/26.07.2016
|
|
7063
|
Excise Registration 35/2001-CE(NT)
Amended for Jewellery Registration
|
38-CE(NT)/26.07.2016
|
|
7064
|
Exemption to File Return Electronically
under 17/2006-CE(NT)
|
39-CE(NT)/26.07.2016
|
|
7065
|
Exemption to Gold Jewellery under SSI
from Rule 9 of CE Rules 2002
|
40-CE(NT)/26.07.2016
|
|
7066
|
Yen Falls on $265bn Abe Stimulus Report,
Europe Advances China Stocks Sink; Oil Drops
|
ABS
News Service/28.07.2016
|
|
7067
|
START-UP
INDIA STATES CONFERENCE
Highlights
of Speech by Commerce and Industry Minister Nirmala Sitharaman
|
ABS
News Service/28.07.2016
|
|
7068
|
CBEC
Gets Good Marks in Self Financed Survey
|
ABS
News Service/28.07.2016
|
|
7069
|
Anti-dumping Duty on Rubber Chemical PX13
from EU, China Extended Till 27 July 2017 in Review
|
35-ADD/26.07.2016
|
|
7070
|
MEP of $360/MT on Potatoes Re-introduced
· 85-Ntfn(RE)/26.06.2014
– Inserted
·
112-Ntfn(RE)/20.02.2015 - Deleted
|
15-Ntfn/26.07.2016
|
|
7071
|
Export Duty on Organic Sugar upto 10,000 MT Exempted for One Year from Oct’16 to
Sept’17
|
Ntfn 43/26.07.2016
|
|
7072
|
Shore Tank Receipt
Quantity or Ullage Survey Report to Form Basis for Bulk Liquid Cargo Customs
Duty Assessment
Board
Circular 96/2002 and 06/2006 Rescinded
|
34-CBEC/26.07.2016
|
|
7073
|
Silver Notified for Shift in
Burden of Proof to Accused under Sec 123(2) of Customs Act, 1962
·
Fabrics, Electronic Parts, Whisky, Watches and
Zip Fasteners Removed
|
103-Cus(NT)/25.07.2016
|
|
7074
|
MEIS Reward Scheme for Export thru FPO
(Foreign Post Offices) - Procedure
|
36-CBEC/29.07.2016
|
|
7075
|
EOUs/STPIs/EHTPs to Maintain Records of
Receipts, Storage, Processing and Removal of Goods in Digital Format Only –
CBEC Clarification
|
35-CBEC/29.07.2016
|
|
7076
|
EOUs under General Scheme Customs Bonding
for Storage Goods Relaxed, Secure Premises Sufficient – Amended in Customs
Notification
|
Ntfn 44/29.07.2016
|
|
7077
|
Poppy Seeds Import – DGFT Delegates Power
to DoR to Frame Detailed Guidelines for
Registration of Contracts with Narcotics Commissioner, Gwalior
|
17-Ntfn/29.07.2016
|
|
7078
|
Unmanned Aircraft, Aerial Vehicles and
Remotely Piloted Aircraft Drones Imports Restricted
·
DGCA Clearance Required
|
16-Ntfn/27.07.2016
|
|
7079
|
About 10% Four Digit Tariff Lines Show 5%
Plus Decline in Exports in 2015-16 over 2014-15
·
Relief in Export Obligation Ordered
|
01-Pol.Cir/26.07.2016
|
|
7080
|
Board Asks Officers to Follow Allahabad
High Court – Attachment of Property to be Last Resort and not First
|
196-ST/27.07.2016
|
|
7081
|
Tariff Value Rises on Brass Scrap and RBD Palmolein $32; Crude Soyabean
Oil $19; RBD Palmolein $36; Gold $6 and Silver $5
|
104-Cus(NT)/29.07.2016
|
|
7082
|
DGAD Recommends Provisional Anti-dumping
Duty on HR Flats (including Coils and Sheets) from China PR, Japan, Korea RP,
Russia, Brazil and Indonesia
|
No.14/09/2016-DGAD
Preliminary Findings dated 01 August 2016
|
|
7083
|
Safeguard Duty of 10% to 6% Over 3 years
on Wide HR Sheets and Plates (Other than Coils) in below $504 per tonne Range
Recommended
|
Safeguard Notification F.No D-22011/47/2015/Pt-V dated 2 August 2016
|
|
7084
|
Polytetrafluoroethylene (PTFE) from China
Anti-dumping Duty Extended Till 23 Aug 2017 in Review
|
36-Cus(ADD)/02.08.2016
|
|
7085
|
Basmati Rice Exports Permitted thru Non-EDI
LCS on Indo-Bangladesh and Indo-Nepal Border Subject to DGFT Quota
Registration
·
DA (Documents against Acceptance) Export not
Allowed from 1 Oct 2016, Guarantee from ECGC or Bank must
|
18-Ntfn/01.08.2016
|
|
7086
|
Laghu Udyog Bharti Included in BOT
|
12-TN/01.08.2016
|
|
7087
|
India Asks for Arbitration after
Losing Chicken Legs Case at WTO Appellate
· US
Wants Compensations, Asks for Right to Suspend $450bn Concessions
·
Original Dispute Panel to Hear Case
|
ABS News
Service/04.08.2016
|
|
7088
|
South Africa Launches Safeguard
Investigation on CR Steel Sheets on ArcelorMittal
Complaint
|
ABS News
Service/04.08.2016
|
|
7089
|
Uruguay Joins Argentina in Race to
Host WTO Dec 2017 Ministerial
·
Closing Date for Contest 31 Aug, Winner to be
Declared by Oct
|
ABS News
Service/04.08.2016
|
|
7090
|
Peru, Saudi Arabia Ratify Trade Facilitation
Agreement
|
ABS News
Service/04.08.2016
|
|
7091
|
Japan’s Shinzo Abe Fires Stimulus,
Cabinet Give OK to $73bn New Spending
·
Cash Handouts to the Poor
|
ABS News
Service/04.08.2016
|
|
7092
|
UNCTAD IV Draws Up Roadmap to End
Fisheries Subsidies by WTO Ministerial 2017
|
ABS News
Service/04.08.2016
|
|
|
STEEL
MIP
|
|
|
7093
|
DGFT Extends Minimum Import Price on 66 Steel
Products for Two Months
· List
Cut to 66 from 173
·
Sheets, Plates and Coils Omitted, to be
Covered Anti-dumping and Safeguards Notifications under Issue
|
20-Ntfn/04.08.2016
|
|
|
ANTI-DUMPING
Opal
Glassware
|
|
|
7094
|
Anti-dumping Duty on Opal Glassware from
China and UAE Extended Till 8 Aug 2017 in Review
|
38-Cus(ADD)/04.08.2016
|
|
|
Sewing
Machine Needles
|
|
|
7095
|
Sewing Machine Needles from China –
Anti-dumping Duty Extended Till 21 June 2017 in Review
|
37-Cus(ADD)/04.08.2016
|
|
|
Human
Bio Samples
|
|
|
7096
|
Human Bio Samples for Research Purposes
Allowed Subject to WHO/MoEF Norms
|
19-Ntfn/04.08.2016
|
|
|
VKGUY
|
|
|
7097
|
Imported Container Value Included Export
Value for VKGUY Benefit
|
13-TN/04.08.2016
|
|
|
Advance
Authorisation
|
|
|
7098
|
Clubbing of Annual Advance Authorisation
Allowed
|
24-PN/04.08.2016
|
|
|
Customs
Exchange Rates
|
|
|
7099
|
Rupee Gains 40 Paise
against Dollar to Rs. 67.75 w.e.f.
5 Aug 2016
|
106-Cus(NT)/04.08.2016
|
|
|
HR
Coils Safeguard Duty
|
|
|
7100
|
Provisional Safeguard Duty of 20% on HR Coils
only in below $445/$500 per MT (MIP) Cases
· DoR Notifies List of Codes in Heading 7208 Subject to MIP
·
Final Safeguard Duty of 10% to Replace
Provisional Safeguards Investigation Recommendation not yet Notified
|
02-Cus(SG)/05.08.2016
|
|
7101
|
No Unjust Enrichment Certification
in Books of Account Sufficient for Duty Refund
·
Board Issues Draft Circular on Issue
|
Service Tax Draft
Circular dated August 2016
|
|
|
ANTI-DUMPING
|
|
|
|
HR
Flat Coils
|
|
|
7102
|
Provisional Anti-dumping Duty of $474/MT on
HR Flat Coils and $557/MT on HR Sheets and Plates Imposed
·
Countries: China, Japan, Korea, Russia, Brazil
and Indonesia
|
44-Cus(ADD)/08.08.2016
|
|
|
CR Sheets
|
|
|
7103
|
DGAD Recommends Provisional
Anti-dumping Duty on All CR Sheets
·
MIP of $594 per MT to Apply
|
Initiation Notification
No.14/12/2016-DGAD dated 03 August 2016]
|
|
|
Ammonium Nitrate
|
|
|
7104
|
Ammonium
Nitrate Fertilisers from Russia, Indonesia, Georgia and Iran in Anti-dumping
Investigation on Deepak Fertilisers Complaint
·
Normal Value Constructed for Determining
Dumping Margin
|
Anti-dumping Initiation Notification
F.No.14/1/2016- DGAD dated 5th August 2016
|
|
|
Sodium Nitrite
|
|
|
7105
|
Sodium Nitrite from China Antidumping
Duty Extended Till 16 Aug 2017
|
39-Cus(ADD)/08.08.2016
|
|
|
Rubber Chemicals
|
|
|
7106
|
Anti-dumping Duty on Rubber Chemicals
from China Extended Till 19 Oct 2017 in Review
|
40-Cus(ADD)/08.08.2016
|
|
|
PVC Flex Films
|
|
|
7107
|
PVC Flex Films from China Anti-dumping Duty to
Continue for Five More Years – Final Findings
|
42-Cus(ADD)/08.08.2016
|
|
7108
|
$0.538 per kg Dumping Duty Imposed on Haining Tianfu Warp Knitting
China and Manna Korea in PVC Flex Film Case after New Shipper Review
|
41-Cus(ADD)/08.08.2016
|
|
|
Viscose Staple Fibre
|
|
|
7109
|
Anti-dumping Duty on Viscose Staple Fibre
(Excluding Bamboo Fibre) from China and Indonesia Notified for Five More
Years
|
43-Cus(ADD)/08.08.2016
|
|
|
Commodity Prices
|
|
|
7110
|
Crude, Food and Fertilizers Down
in July
· Metals,
Precious Metals, Natural Gas, Cotton and Rubber Rise
·
Sugar, Bananas and Woodpulp,
Steady
|
World Bank Pink Sheet
|
|
|
GST
|
|
|
7111
|
GST Constitution Amendment Bill Gets Lok Sabha Nod, Now on to State Assemblies
|
ABS News
Service/12.08.2016
|
|
7112
|
India
Backs Out on Zero Duty in RCEP
·
Nirmala Ready for Single Stage Reduction on
Japan Demand in Laos Meet
|
ABS News
Service/12.08.2016
|
|
7113
|
JSW Profits Up as Costs Plunge and Govt Helps Keep Prices Up
|
ABS News
Service/12.08.2016
|
|
7114
|
Rio Tinto BHP Rejects Proposed A$7.2
Billion Mining Tax Hike
|
ABS News
Service/12.08.2016
|
|
7115
|
Import of Consumer Electronic Items for Personal
Use thru Post Enhanced to Rs. 50,000 from 20,000 –
DGFT Amends FT(D&R) Act, 1992
|
22-Ntfn/12.08.2016
|
|
7116
|
Duty Free Import of Fabrics under Special
Advance Authorisation for Apparel and Clothing Accessories Exports Notified
|
21-Ntfn/11.08.2016
|
|
7117
|
Zero Excise on Ethanol Produced from
Molasses to Oil Companies for Blending with Petrol Withdrawn
|
30-CE/10.08.2016
41-CE(NT)/10.08.2016
|
|
7118
|
Specification of 17th August, 2016 as the
date on which clause (v) of rule 5 and rule 6 of Central Excise (Amendment)
Rules, 2016 notified by Notification No. 8/2016- Central Excise (NT) dated
1st March, 2016, shall come into force
|
42-CE(NT)/11.08.2016
|
|
7119
|
Amendments in Import Manifest (Aircraft)
Regulations 1976
|
108-Cus(NT)/11.08.2016
|
|
7120
|
Amendments in Export Manifest (Aircraft)
Regulations 1976
|
107-Cus(NT)/11.08.2016
|
|
7121
|
Tariff Value Rises on Brass Scrap $3; Palm Oil
$30 to $43; Palmolein $33; Gold $4
|
109-Cus(NT)/21.08.2016
|
|
7122
|
Exports Fall 6.84% in
July; Imports Fall 19.03%
|
PIB (MoC&I)
Press Release dated 12th August 2016
|
|
|
Drawback
|
|
|
7123
|
DGFT Releases Special Advance
Authorisation (SAA) Scheme for Additional Drawback on 22% of Garment Value
for Interlining Portion in Bill of Materials
Ø HS
Chapters 61 and 62 Covered
Ø Duty
Free Advance Authorisation for Fabric Portion to Follow Existing Rules of
Pre-import, Actual User Condition and Published Input Output Norms
Ø Drawback
at Cut Rate of 3.3% to 4.7% Allowed on Interlining Portion Representing 22%
of Garment Value when Clubbed with Duty Free AA Route for Fabrics
(WTS Fears that
scheme may be non-starter since exporters prefer the simplicity Customs duty
free jobbing notification for CMT (Cut-Make-Trim) operation where fabric is supplied by buyer on Job Work basis. Too many
conditions for manufacturing with less than 1% rise in DBK on full Garment
Value in the New SAA for Garments!)
Customs
Notification on Special Advance Authorisation (SAA) for Duty Free Fabric
Import
|
Ntfn
45/13.08.2016
|
|
7124
|
Duty Drawback Circular on Special Advance
Authorisation (SAA) for Fabrics with Drawback on Lining Portion
|
37-CBEC/13.08.2016
|
|
7125
|
Customs Notification 110 (NT) dated 13th
August 2016
|
110-Cus(NT)/13.08.2016
|
|
|
EOUs
|
|
|
7126
|
In-bond Procedure for Movement of Goods
EOUs Substituted with Procurement Certificate Based Movement
|
23-Ntfn/13.08.2016
|
|
7127
|
Bonded Warehousing Provisions in EOUs
Substituted with Rule Based Movements
|
25-PN/13.08.2016
|
|
|
TPP and RCEP
|
|
|
7128
|
TPP and RCEP: ANZEA and Japan in Linking Role
|
ABS News
Service/17.08.2016
|
|
|
ANTI-DUMPING – CR Flat Steel
|
|
|
7129
|
Govt
Slaps Minimum Landed Value of $594 per MT on CR Flat Steel Products from
China, Japan, Korea and Ukraine
|
45-Cus(ADD)/17.08.2016
|
|
|
Freight Forwarders
|
|
|
7130
|
No Service Tax on Freight Forwarders
Transportation of Goods from India to Foreign Countries under POPS 2012
|
197-ST/12.08.2016
|
|
|
Transfer
of the Right
|
|
|
7131
|
Service Tax Liability on Leasing or
Transfer of the Right to Use – Board Issues Clarification
|
198-ST/17.08.2016
|
|
|
Customs Exchange Rates
|
|
|
7132
|
Rupee Steady against Dollar to Rs. 67.75; Euro Falls by Rs.
1.05 to Rs. 76.90 – w.e.f.
19 Aug 2016
|
112-Cus(NT)/18.08.2016
|
|
7133
|
23 Member National Committee on Trade
Facilitation (NCTF) Constituted under Cabinet Secretary with Two other Layers
|
MoF
Order/11.08.2016
|
|
7134
|
Anti-dumping Duty on Caustic Soda from Taiwan
Extended Till 22 August 2017 in Review
·
Thailand, Norway Removed from List
|
46-Cus(ADD)/19.08.2016
|
|
7135
|
1-Phenyl-3-Methyl-5-Pyrazolone from China
Anti-dumping Duty Extended Till 23 August 2017 in Review
|
47-Cus(ADD)/19.08.2016
|
|
7136
|
Principal Commissioner Holding Additional
Charged of Chief Commissioner get Acquire CC Powers
|
111-Cus(NT)/18.08.2016
43-CE(NT)/18.08.2016
37-ST/18.08.2016
|
|
7137
|
Provisional Assessment Complicated for
Simplification
· 100%
Bank Guarantee for Duty Difference Replaces 20% of Provisional Duty System in
2011 Notification
· Surety
System Abandoned
·
Demand to be Raised for Violation of FTP and
other Laws under 40 Year Old Ministry Circular of Feb 1977
|
38-CBEC/22.08.2016
|
|
7138
|
Revised Provisional Assessment Regulation 2011
with 20% Provisional Duty Bond Rescinded and Replaced by Guidelines of CBEC
Circular 38/2016-Cus of 22 Aug 2016
|
113-Cus(NT)/22.08.2016
|
|
7139
|
Guinea-Bissau Included in LDC List
|
Ntfn 46/23.08.2016
|
|
7140
|
Service Tax Exemption on Water Supply
Projects to Government – Scope Clarified
|
199-ST/22.08.2016
|
|
7141
|
No More Gifts from Ship Captains
for Customs at Inward Entry Point, Says Board
·
Rummaging Guidelines with Feedback Form to
Check Corruption in Customs Notified
|
CBEC Instruction No.
25 dated 23rd August 2016
|
|
7142
|
Bonded Premises for Warehousing in EOU
Amended to Delete “Bonding”
|
31-CE/24.08.2016
|
|
7143
|
Common Adjudicating Authority for DRI
Cases Notified
|
01-Cus(N.T./CAA/DRI)
dated 22nd August 2016
|
|
7144
|
Cabinet Approves Agreement and the
Protocol between India and Cyprus for the Avoidance of Double Taxation and
the Prevention of Fiscal Evasion
|
ABS News
Service/26.08.2016
|
|
7145
|
DEUTSCHE BANK’S $10-BILLION SCANDAL
|
ABS News
Service/26.08.2016
|
|
7146
|
China Readies for G-20 Meet, Closes
Factories for Clean Air
|
ABS News
Service/26.08.2016
|
|
7147
|
China Opens Further to on Foreign
Investment to Finance and Telecom Revive Spending
|
ABS News
Service/26.08.2016
|
|
7148
|
Gold Piles Up in Singapore Vaults, 90%
Jump
|
ABS News Service/26.08.2016
|
|
7149
|
Excise ATF for Regional Connectivity Cut to
2% from 8% Till 25 Aug 2019
·
Scheme Extended to All Operators including
Cargo
|
32-CE/26.08.2016
|
|
7150
|
Onion Export Support at 5% under MEIS
Notified for Four Months Till 31 Dec 2016
|
26-PN/26.08.2016
|
|
7151
|
Guidelines on Storage of Hazardous Cargo
and General Cargo at Customs Premises
|
40-CBEC/26.08.2016
|
|
7152
|
Board Issues Revised Guidelines for Disposal
of Confiscated Goods
·
10% Uniform Rebate on Sale thru NCCF and Kendriya Bhandar upto Rs. 5 Lakhs, e-auction
thereafter through MSTC
|
39-CBEC/26.08.2016
|
|
7153
|
Setting up of CFS by Vizag
Municipal Corporation
|
114-Cus(NT)/26.08.2016
|
|
7154
|
DGFT Constitutes Grievance Redressal Committee with EPCs
|
14-TN/24.08.2016
|
|
7155
|
Rupee Gains against South African Rand by
30 Paise
|
117-Cus(NT)/26.08.2016
|
|
7156
|
Bank Guarantee Condition for Transshipment
|
115-Cus(NT)/26.08.2016d
|
|
7157
|
DGFT Finally Releases Red Sanders Wood Export
Quota of 9698.095 MTs (8498 for AP + 1200 for DRI)
· More
Time to AP Govt to use Export Quota upto 30 April 2017
· DGFT
Violates its Own Undertaking to Madras High Court in 2007 No Further Export
will be Allowed in Log form, Only Value Add Handicrafts Allowed
· Conservation
of Bio Resources Abandoned for China Exports
· 20
Wood Cutters Killed in Forest Dept Encounter Last
Year, Smuggling Alleged
·
Annual World Demand in China and Japan only
2000 tonnes
|
24-Ntfn/29.08.2016
|
|
7158
|
India-Cyprus Double Taxation
Agreement Approved
·
Capital Gains to be Taxed in India
|
ABS News Service/31.08.2016
|
|
7159
|
FIEO Worried on Export Impact of High GST
|
ABS News Service/01.09.2016
|
|
7160
|
Business Suggests Seven Point Formula to
G20
|
ABS News Service/01.09.2016
|
|
7161
|
India and Mauritius DTAA to Tax Capital
Gains in India from Next Year
|
ABS News Service/01.09.2016
|
|
7162
|
India Hosts Meet on Trade Stats
|
ABS News Service/01.09.2016
|
|
7163
|
Steel Prices may Rise by Rs.
2,000-2,500 a tonne
|
ABS News Service/01.09.2016
|
|
7164
|
Drawback Notifies Procedure for Release of
Rebate of State Levies (RSOL) on Garments in Textile Commission Scheme of 12
Aug and 31 Aug
|
43-CBEC/31.08.2016
|
|
7165
|
DGFT Says only Prior
Import of Relevant Fabric for Export under SAA 4.04A Para
|
15-TN/31.08.2016
|
|
7166
|
Special
Advance Authorisation for Export of Apparel and Clothing Accessories of Ch.
61 and 62 – Procedure Notified
|
27-PN/31.08.2016
|
|
7167
|
Use
Scheme Code 62 Name for SAA of 4.04A (45/2016) AA for Garment Export with
Drawback for Lining Scheme
|
ABS News Service/02.09.2016
|
|
7168
|
Rupee Falls 15
Paise against Dollar to Rs.
67.90; w.e.f. 2 Sept 2016
|
119-Cus(NT)/01.09.2016
|
|
7169
|
Customs Officers given Powers to Clear
Food Consignments Areas Outside FSSAI Offices
|
CBEC Instruction dated 31st August
2016
|
|
7170
|
Only
High Risk Import Cases to be sent for NOC from Govt
Agencies – Import and SWIFT Streamlined
|
CBEC Instruction dated 31st August
2016
|
|
7171
|
Cargo Service
Providers Insurance Cover Cut to 10 days for Dwell Time in Customs Area
|
42-CBEC/31.08.2016
|
|
7172
|
DTA Unit can
Transfer Cenvat Credit to Successor EOU
|
41-CBEC/30.08.2016
|
|
7173
|
Regional Connectivity
Air Services Allowed 90% Abatement on Service Tax without Cenvat
Credit
·
Facility Allowed only for One Year
|
38-ST/30.08.2016
|
|
7174
|
Tariff
Value on Palm Oil Jumps 12%
|
118-Cus(NT)/31.08.2016
|
|
7175
|
Normal Butanol (NBA) from Saudi
Arabia in Anti-dumping Investigation on Andhra Petrochemicals Ltd Complaint
·
Petitioner Claims Price not Available in
Saudi, Constructed Value Adopted
|
Anti-dumping Initiation Notification No.
F.No.14/20/2016 – DGAD dated 2nd September 2016
|
|
7176
|
Anti-dumping Duty on Glass Fibre Insulating
Material from China Raised in Review
·
Multinational Owens Corning with Presence in
27 Countries is Threatened by Imports
|
48-ADD/01.09.2016
|
|
7177
|
Flat Copper Wire for use in the Manufacture
of Solar Photovoltaic Cells or Modules
· MeitY (Earlier DeitY)
Recommendation Condition Dropped
·
Condition 5 for Manufacture as End Use
Inserted
|
Ntfn 47/02.09.2016
|
|
7178
|
Round Copper Wire or Flat Copper Wire for
Manufacture of Solar Photovoltaic Cells or Modules (Excise)
|
33-CE/02.09.2016
|
|
7179
|
DGFT Releases Red Sanders Wood Export
Quota of 383.132 MTs (83.40 MTs for Maharashtra and 299.732 MTs for Tamil
Nadu)
|
25-Ntfn/02.09.2016
|
|
7180
|
Minimum Value Addition Extended to Silver
and Platinum Jewellery with Retrospective Effect from 1 April 2015
|
28-PN/02.09.2016
|
|
7181
|
Service Tax on Telecomm Services Exempted
for All Previous Periods from 1 April 2016 where Licence Fee is Paid
|
39-ST/02.09.2016
|
|
7182
|
G20 Leaders Statement on Key Issues
|
ABS News Service/08.09.2016
|
|
7183
|
Modi Attacks Pak
at G20 Summit
|
ABS News Service/08.09.2016
|
|
7184
|
MoEF Invites Comments
for GM Mustard Release
|
ABS News Service/08.09.2016
|
|
7185
|
Customs Tariff
Schedule Rate Amended for Marble
· Govt Take Powers to Raise to 40%, Effective Rate Continue
at 10%
|
Ntfn 48/08.09.2016
|
|
7186
|
Gold/Silver Articles (Other Than Jewellery
and Intermediate Products) Exempted from Excise Subject to Non Availment of Cenvat Credit
·
Condition of Non Availament
Cenvat Credit inserted on 8 September 2016
|
34-CE/08.09.2016
|
|
7187
|
Para Nitroaniline
from China Anti-dumping Duty Extended Till 8 Sept 2017 in Review
|
49-ADD/07.09.2016
|
|
|
GST
SCANNER
|
|
|
7188
|
GST
Council Constituted on 12 Sept 2016 – Secretariat with Office in Delhi –
Revenue Secy, Chairman CBEC, One Addl Secy and Four Commissioner
of Jt Secy Rank in
Secretariat
·
Fate of Empowered Committee of State Finance
Ministers uncertain Centre Unlikely to Support “Trade Union” of State FMs
|
ABS News Service/13.09.2016
|
|
|
Sub
Manifest Transshipment Permit (SMTP)
|
|
|
7189
|
Sub Manifest Transshipment
Permit (SMTP) for Transfer of Cargo Clearance in ICDs Allowed
·
No More Waiting for Unloading of Entire Cargo
from Ship
|
CBEC Instruction F.No. 450/25/2009-Cus-IV
dated 7th September 2016
|
|
|
Let
Export Order (LEO)
|
|
|
7190
|
Direct Entry into Port Terminals
without Waiting for Customs LEO (Let Export Order)
·
Factory Stuffed Containers Allowed
|
CBEC Instruction F.No.
450/25/2009-CusIV dated 7th September 2016
|
|
|
Urea
|
|
|
7191
|
Industrial Urea and Technical Grade Urea
Free from Licensing Restriction, Actual User Condition Dropped
|
26-Ntfn/09.09.2016
|
|
|
Gold
|
|
|
7192
|
DGFT Rescues Gold Exporters for Past
Anomaly in RBI Notification, Allowed to Claim Replenishment
|
29-PN/08.09.2016
|
|
|
EPCG
and SHIS Benefits
|
|
|
7193
|
Dual Issue of Zero Duty EPCG and SHIS
Benefits in FTP-2009-14 Regularised, One of the Two Benefits to be
Surrendered
|
30-PN/08.09.2016
|
|
|
Pre-shipment
Inspection Agency (PSIA)
|
|
|
7194
|
Melt Enterprises UK Notified as PSIA
|
31-PN/09.09.2016
|
|
7195
|
Govt Works on 4-Slab Rate
for GST, Exemption for 50 percent Goods and Services
|
ABS News Service/15.09.2016
|
|
7196
|
Five Petroleum Products (Crude, HSD, MS,
ATF and NG) under GST Soon
|
ABS News Service/15.09.2016
|
|
7197
|
Survey says GST Impact Positive on FDI
|
ABS News Service/15.09.2016
|
|
7198
|
India
gives Ok 28.6% Tariff Lines with Preference of 33.4% to China and Korea in
Bangkok Agreement (APTA)
·
Mongolia Joins APTA
|
ABS News Service/15.09.2016
|
|
7199
|
Welspun Cheats on Egyptian Cotton in Bedsheets, Wal Mart and Target Cancel Export Orders
|
ABS News Service/15.09.2016
|
|
7200
|
Monsanto
Going for $56bn in Sale Deal with Bayer
·
Only Three MNCs to Remain in Field with China
|
ABS News Service/15.09.2016
|
|
7201
|
Donald Trump’s 45% Tariff will Wipe $420 bn Off China Exports, FDI to Exit?
|
ABS News Service/15.09.2016
|
|
7202
|
Russia on the Mat at WTO – Loses Two
Cases
|
ABS News Service/15.09.2016
|
|
7203
|
RCEP
(ASEAN+6) Talks may Miss December 2016 Target
·
Single Tier System for Tariff Cuts Prevail
Over India Proposed Three Tier System
|
ABS News Service/15.09.2016
|
|
7204
|
TPP Ratification in US Congress Not this
Year
|
ABS News Service/15.09.2016
|
|
7205
|
Board Slams Down on PTAs/FTAs, Strict
Checks on Verification and Authenticity of ROO Certificates Prescribed
|
CBEC Instruction No. 31 dated 12th
September 2016
|
|
7206
|
August Exports Stagnate at $21bn,
Imports Fall to $29bn from $34bn over M to M
· Service
Slowdown to $12.8bn in July
· Iron
Ore Export Pick, Engineering Goods Enter Positive Zone
·
Electronics, Diamonds, Chemicals, Cotton
Imports Rise Smartly
|
ABS News Service/17.09.2016
|
|
7207
|
Guidelines for Issuance of Duty Credit
Scrips under IEIS for Quarterly Period (1 Jan to 31 March 2013)
|
16-TN/14.09.2016
|
|
7208
|
Tariff Value Rises on Gold $2;
Silver $8; Palmolein $5
·
Down: Brass Scrap $41; Crude Soyabean Oil $31; Palm Oil $4 to $6
|
120-Cus(NT)/15.09.2016
|
|
7209
|
Rupee Gains 15 Paise
against Dollar to Rs. 67.75 w.e.f.
16 Sept 2016
|
121-Cus(NT)/15.09.2016
|
|
7210
|
Marble and Granite Raised to 20%
from 10% in both Rough and Polished Forms
· Non Tariff Licensing Barrier of Entry only to
Manufacturer Quota Continues
·
Import Restriction to Protect Environment?
|
Ntfn 49/16.09.2016
|
|
7211
|
Drawback Rules Clarified to Allow
Excise Portion of Drawback under Rule 18 of CER 2002 (Besides Customs
Portion)
·
No Drawback where Diesel without Excise is
Used
|
1047-CBEC/16.09.2016
|
|
7212
|
Declaration (d) in Form ARE2 Amended to
Allow Rule 18 Drawback
|
44-CE(NT)/16.09.2016
|
|
7213
|
EOUs Allowed to Supply to DTA without
Excise Duty against Duty Free Advance Authorisation
|
1046-CBEC/16.09.2016
|
|
7214
|
Free Sale and Commerce Certificate can be
Issued to Merchant Exporters under Para 2.37 of HoP
if Detail is Provided
|
02-Pol Cir/15.09.2016
|
|
7215
|
JNPT Opens Holding Yard for
Parking Tractor Trailers which is said to Reduce Congestion at Gate by 90%
·
Parking Fee of Rs.
60 per 20ft Container to Apply
|
ABS News Service/16.09.2016
|
|
7216
|
FM Releases FAQs on GST
|
ABS News Service/22.09.2016
|
|
7217
|
Polybutadiene
Rubber from Korea, Russia, South Africa, Iran and Singapore in Anti-dumping
Investigation on Reliance Complaint
·
Reliance as Sole Producer of PBR Stands to Get
Monopoly
·
Normal Value Constructed to Arrive Dumping
Margin, PBR Price not Available
·
SBR from EU, Korea and Thai Already under
Anti-dumping Investigation on Reliance Complaint Eight Months Ago
·
NBR from Korea in Anti-dumping Net since 2009,
will Suffer $85 per MT till Sept 2020
|
Anti-dumping Initiation Notification F.
No.14/40/2016 DGAD dated 16th September 2016
|
|
7218
|
Marble and
Granite Import Shifted to Free List from License Control
· MIP
of $200 for Rough Marble and Travertine
· Granite
Slab MIP Cut to $50 from $80 per sqm
· Finished
Marble Slabs MIP Cut to $40 from $60 per sqm
· Import
Licence to Marble Units Dispensed with
·
Sri Lanka, Bangladesh and Nepal to Gain Duty
Preferential of 20% on Finished Goods under FTA
|
DGFT Ntfn 27 to 29
dated 17.09.2016
|
|
7219
|
Service Tax Certificate for
Transportation of Goods by Rail for Availing Cenvat
Credit
|
1048-CBEC Circular and 45-CE(NT) dated
20.09.2016
|
|
7220
|
India
Loses Appeal in Solar Case with US at WTO
· Held
that Measures for Preference to Domestic Industry Violates WTO Rules
·
Move to Compliance Panel Next Step as
India Drags Case
|
ABS News Service/23.09.2016
|
|
7221
|
India to Challenge US Solar Subsidies at
WTO
|
ABS News Service/23.09.2016
|
|
7222
|
WTO
Ruling Forces India to Open Chicken Leg Import from US
· US
Wants $450mn Annual Compensation for Lost Sale
·
Standards Changed to Absence of Low Pathogen
Bacteria from High Pathogen but US Still Unhappy, Wants Ban Lifted on Low
Risk Countries like US
|
ABS News Service/23.09.2016
|
|
7223
|
US
Takes China to WTO on Agro Subsidies, says Max 8.5% Binding Violated
·
Bali Agreement on No Disputes and Stand Still
on Agri Subsidies Violated
|
ABS News Service/23.09.2016
|
|
7224
|
Vegetable Oils Import Duty Cut by
5%
Ø 12.5%
to 7.5%
Ø 20%
to 15%
· Potatoes
Duty Slashed to 10% from 30% for 68 Days
·
Wheat Duty Cut by 15% to 10% Till 29 Feb 2016
|
Ntfn
51/23.09.2016
|
|
7225
|
DGFT Notifies 2901 Products for MEIS Benefits
· 575
Products MEIS Rates Raised by One Percent
|
32-PN/22.09.2016
|
|
7226
|
Raw Materials
Concession for Aircraft Servicing Withdrawn, Only Manufacturing as End Use
|
Ntfn
50/22.09.2016
|
|
7227
|
Customs Clearance Facilitation Committee
of Officials Setup at Land Customs Stations and ICDs for Speedy Clearance
|
44-CBEC/22.09.2016
|
|
7228
|
No Immunity from Prosecution if No Payment
made under Settlement Commission Orders
|
CBEC
Instruction/21.09.2016
|
|
7229
|
Rupee Falls against
South African Rand by 30 Paise
|
122-Cus(NT)/22.09.2016
|
|
7230
|
CBEC
Clarifications on Double Benefit of Zero Duty EPCG and SHIS
·
Corrects Three Customs Notifications
|
45-CBEC and Ntfn 52
dated 23rd September 2016
|
|
7231
|
DGFT Notice on Handling Double Benefit
Cases
|
18-TN/23.09.2016
|
|
7232
|
Guidelines for Certifying Common Service
Provider under Para 5.02(b) of FTP
|
33-PN/23.09.2016
|
|
7233
|
No Refund of Terminal Excise Duty under
Deemed Exports in Exemption Cases
|
17-TN/22.09.2016
|
|
7234
|
IGCR Amended – Security Condition
Re-introduced in Excise Rules
|
46-CE(NT)/26.09.2016
|
|
7235
|
No Service Tax on Upfront Payments for Govt Industrial Plots
|
41-ST/22.09.2016
|
|
7236
|
Board Not Happy with Slow Speed in Case
Withdrawals
|
CBEC Instruction dated 2nd
September 2016
|
|
7237
|
Calcium Nitrate with Mixture of other
Compounds in Chapter 31 under Fertilisers, Calcium Nitrate as Single Products
in Ch. 28
|
CBEC Instruction dated 2nd
September 2016
|
|
7238
|
India
One of the Worst Performer Among Global Exporters
· India
Exports Crash from $30bn per month to $20bn in Last Four Years as Economy Loses
Competitiveness
· WTO
Forecasts World Trade Growth to Fall by 1.1% to jest 1.7% in 2016
· 2017
may be a Repeat of 2016
· Contraction
driven by slowing GDP and trade growth in China and Brazil
·
North America, which had the strongest import
growth of any region in 2014-15 too has decelerated
|
ABS News Service/29.09.2016
|
|
7239
|
Collapse of SAFTA after MFN Denial to Pak
|
ABS News Service/29.09.2016
|
|
7240
|
China Slaps Double Duties on Distillers’
Grains Imports from US
|
ABS News Service/29.09.2016
|
|
7241
|
First Meeting of GST Council Held in Vigyan Bhawan on 22 September:
Centre, States
|
ABS News Service/29.09.2016
|
|
7242
|
CBEC Releases FAQs on GST
|
ABS News Service/29.09.2016
|
|
7243
|
WTO
13 to Begin Talks on Ban to Fisheries Subsidies
· India
Ups Subsidies on Marine Exports as Price for Shrimps Hit Ceilings
·
UNSDG 14.6 Calls for End of Subsidies, End of
IUU (Illegal, Unreported and Unregulated Fishing)
|
ABS News Service/29.09.2016
|
|
7244
|
UN Releases Report on Access to Medicines
|
ABS News Service/29.09.2016
|
|
7245
|
OBITUARY – Deepak Kumar
|
ABS News Service/29.09.2016
|
|
7246
|
Protection Duty of 40% on Butter, Ghee
and Butter Oil Extended by Six Months to 31 March 2017
|
Ntfn 53/29.09.2016
|
|
7247
|
O-Acid from China under Anti-dumping
Investigation on Aarti Drugs Ltd Mumbai Complaint
|
Anti-dumping Initiation Notification No.
14/31/2016-DGAD dated 21st September 2016
|
|
7248
|
Manual Debits on Physical Copy of Advance
Authorisations (AA) Registered at EDI Ports Discontinued – Advice Letter for
AA will substitutes Manual Debit for Domestic Sourcing
|
CBEC Instruction dated 28th
September 2016
|
|
7249
|
10,000 MTs Sugar Export to EU under CXL
Quota for Oct 2016 to Sept 2017 Notified
|
34-PN/28.09.2016
|
|
7250
|
Export Obligation Period Extended to 18 Months
from 12 Months with Retrospective Effect on Scheme for Special AA for Garment
with DBK for Interlining
|
35-PN/28.09.2016
|
|
7251
|
New DGFT Regional Office at Belagaum
|
36-PN/28.09.2016
|
|
7252
|
Service Tax Rules, 1994 – Form ST-3 Amended
|
43-ST/28.09.2016
|
|
7253
|
Yoga Service Tax between July 2012 and
Oct 2015 Waived Off
|
42-ST/28.09.2016
|
|
7254
|
Excise
Adjudication Power Revised
· Superintendent
– Rs. 10 lakhs
· AC/DC
– Rs. 10-Rs. 50 Lakhs
· Additional/Jt.
Commissioner – Rs. 50-Rs. 2 crores
· Commissioner
– Above Rs. 2 Crores
· Audit
Commissioners given Power to Adjudication Service Tax Cases
·
All Pending cases to be Disposed by March End
2017
|
1049-CBEC/29.09.2016
|
|
7255
|
Transitional Arrangements for Plastic and
PET Scrap under Ban in Hazardous Waste Rules 2016
|
CBEC Instruction dated 30th September
2016
|
|
7256
|
Export Credit of US$87mn to Zimbabwe for
Renovation of Bulawayo Thermal Power Plant
|
03-RBI/29.09.2016
|
|
7257
|
Two Month Extension of MIP on 66 Iron and
Steel Items till 4 Dec 2016
|
30-Ntfn/04.10.2016
|
|
7258
|
Prosecution in
Gold Smuggling Cases to be Launched Immediately after Show Cause Notice
·
Violation of Natural Justice Rules
Feared
|
46-CBEC/04.10.2016
|
|
7259
|
Gold and Silver Jewellery and Articles
Export against Supply by Nominated Agencies – Production Time Cut to 90 days
from 120 days
|
Ntfn 56/03.10.2016
|
|
7260
|
Technitium-99m Moved to Radioactive
Chemical Elements (2844) from Life Saving Drugs List
|
Ntfn 55/03.10.2016
|
|
7261
|
No Clubbing of Gems and Jewellery Exports
from SEZ/EOU with DTA Export
|
37-PN/04.10.2016
|
|
7262
|
Bhutan Trade – Re-importation into India
should Take Place within Seven Years of Exports
|
Ntfn 57/03.10.2016
|
|
7263
|
No Service Tax on Transportation to
Students by Educational Institutions
|
45-ST/30.09.2016
|
|
7264
|
Tariff Value Rises on Brass Scrap
$51; Palmolein $18; Crude Soyabean
Oil $10
·
Down: Gold $2; Silver $1
|
123-Cus(NT)/30.09.2016
|
|
7265
|
Kalinganagar and Tumb ICD
Added as Shipment Points in Export Promotion Notifications
|
Ntfn 54/03.10.2016
|
|
7266
|
ATA
Carnet System Reformed
· Sponsorship
of the Govt or ITPO for Exhibitions and Meetings
not required, Only Carnet Guaranteed by FICCI Sufficient
·
FICCI Liability Restricted to 10%
Customs Duty, Importer Liable for Balance in the Events of Failure to
Re-export within Six Months of Import
|
Ntfn 58/05.10.2016
|
|
7267
|
Rupee Gains 25 Paise
against Dollar to Rs. 67.50 w.e.f.
7 Oct 2016
|
124-Cus(NT)/06.10.2016
|
|
7268
|
Anti-dumping on Narrow Woven Fabrics from
China Slashed in Review
·
Taiwan Out of Narrow Woven Fabrics
Anti-dumping Duty Net after Review
|
50-ADD/06.10.2016
|
|
7269
|
Toluene Di- Isocyanate- (TDI) from China,
Japan and Korea under Anti-dumping Investigation on Gujarat Narmada Valley
Fertilizers Complaint
|
Anti-dumping Initiation Notification
No.14/36/2016-DGAD dated 5th October 2016
|
|
7270
|
Ofloxacin from China under Anti-dumping
Investigation on Aarti Drugs Mumbai Complaint
|
Anti-dumping Initiation Notification No.
14/06/2016-DGAD dated 4th October 2016
|
|
7271
|
Import Data Processing and Monitoring System
(IDPMS) Online from 10 Oct 2016
·
IDPMS from Reporting and Monitoring of Import
Transactions
|
05-RBI/06.10.2016
|
|
7272
|
Radiation Inspection of MS Scrap only at
Entry Port in India from 1 April 2017
|
38-PN/06.10.2016
|
|
7273
|
Electronics Ministry to Adopt HS Frame for
GST
|
ABS News Service/13.10.2016
|
|
7274
|
Vehicles
are not Luxury, Hi GST only for Luxury Vehicles
·
Tax Electronic Vehicles in Merit Goods
|
ABS News Service/13.10.2016
|
|
7275
|
Metals and Grains Down in
September, Gold and Silver Fall
· Coal,
Edible Oil, Sugar, Rubber and Urea Rise
·
Crude, Groundnuts and Woodpulp,
Steady
|
World Bank Pink Sheet Oct 2016
|
|
7276
|
BTA Gains to India Elusive in Japan Trade
Deal
|
ABS News Service/13.10.2016
|
|
7277
|
Theresa Starts Off Brexit
|
ABS News Service/13.10.2016
|
|
7278
|
COP17 of CITIES Calls for Closure of
Domestic Ivory Markets
|
ABS News Service/13.10.2016
|
|
7279
|
Environmental Goods Agreement Goes Plurilateral
|
ABS News Service/13.10.2016
|
|
7280
|
EPCG Export Obligation Systemic Checking
Replaced by Random Checking at Customs End
|
CBEC Instruction dated 14th October
2016
|
|
7281
|
Sept Exports Up 4.62% to
$22.9bn, Imports Down by 3%
|
PIB (MoC&I)
Press Release dated 14th October 2016
|
|
7282
|
Tariff Value Falls on Palm Oil $52
to $63; Palmolein $74; Brass Scrap $27; Gold $18;
Silver $43
·
Up: Brass Scrap $18
|
126-Cus(NT)/14.10.2016
|
|
7283
|
Foreign Post Offices at Vijayawada, Leh and Hyderabad
|
125-Cus(NT)/13.10.2016
|
|
7284
|
Caustic Soda from Japan and Qatar under
Anti-dumping Investigation on Complaint of Alkali Association Plus DCW, GACL
and SIEL
|
Anti-dumping Initiation Notification No.
14/31/2015-DGAD dated 14th October 2016
|
|
7285
|
Solar Panel without Motor Classified under
HS 8541 (Active Components) with Motor at 8501 (Motors)
|
Jawaharlal Nehru Customs House Public Notice
No. 135 dated 29th September 2016
|
|
7286
|
Ceramic Tablewares
and Kitchenwares from China under Anti-dumping
Investigation on AIPMA Complaint
|
Anti-dumping Initiation Notification No.
14/05/2016-DGAD dated 13th October 2016
|
|
7287
|
Resorcinol from China and Japan under
Anti-dumping Investigation on Atul Ltd Complaint
|
Anti-dumping Initiation Notification No.
14/37/2016-DGAD dated 13th October 2016
|
|
7288
|
Sample Testing Shifted to JNPT Lab Instead
of New Customs House
|
Jawaharlal Nehru Customs House Standing Order No.
61 dated 17th October 2016
|
|
7289
|
Sulphonated Naphthalene Formaldehyde (SNF) from China
in Dumping Investigation Net on Complaint of Himadri
Plus Five
|
Anti-dumping Initiation Notification No.
14/15/2016-DGAD dated 13th October 2016
|
|
7290
|
Big 5 in BRICS Meet in Goa with South Asia
and Burma Heads, Pak Excluded
|
ABS News Service/20.10.2016
|
|
7291
|
GST Scanner
Four-tier GST Structure in 6% – 26%
Proposed
|
ABS News Service/20.10.2016
|
|
7292
|
AK
Bhalla Takes Over from Anup
Wadhawan
·
Another Change of Rider in DGFT Saddle
|
ABS News Service/20.10.2016
|
|
7293
|
Mandatory
Standards for Products and Services in Health, Food Sector on Anvil
·
Rs. 2/kg Wheat and Rs. 3/kg Rice will soon be available to all Beneficiaries
under Food Security Act
|
ABS News Service/20.10.2016
|
|
7294
|
Rupee Falls 5 Paise
against Dollar to Rs. 67.55 w.e.f.
21 Oct 2016
|
127-Cus(NT)/20.10.2016
|
|
7295
|
Kalinganagar and Tumb ICD
Included in Port of Registration for Export Promotion Scrips
|
39-PN/20.10.2016
|
|
7296
|
Banks Delegated Power to Approve Unpaid
ECB Repayment Schedule and Conversion to Equity
|
10-RBI/20.10.2016
|
|
7297
|
Textile Commissioner and Min of Textile
Email ids
|
47-CBEC/20.10.2016
|
|
7298
|
RBI Permits 100% FDI in other Financial
Services in Auto Route
|
08-RBI/20.10.2016
|
|
7299
|
Rupee Trade should not Exceed Rs. 15 Lakhs per Transaction under RDA System
|
09-RBI/20.10.2016
|
|
7300
|
Synopsis of Regulations for Receipts of
Payments for Export and Import According to Countries and Special Sectors
|
11-RBI/20.10.2016
|
|
7301
|
FPIs Trading in Government Securities
|
RBI/2016-17/86 - FMRD.DIRD.08/14.03.007/
2016-17 dated 20th October 2016
|
|
7302
|
Gilt Account Holders for Online Trading
|
RBI/2016-17/87 - FMRD.DIRD.07/14.03.007/
2016-17 dated 20th October 2016
|
|
7303
|
Sectoral Caps in Foreign Investments
|
06-RBI/20.10.2016
|
|
7304
|
No RBI Approval to Foreign Venture
Capital Investors in 10 Sectors
|
07-RBI/20.10.2016
|
|
7305
|
Government Moves into High Gear to Protect
Industry -Three Anti-dumping Findings Released to Suffer Stiff Duties Soon
|
Anti-dumping Final
Findings Notification No. 14/9/2015-DGAD dated 20th October 2016
Anti-dumping
Final Findings Notification No.
No.14/28/2016-DGAD dated 20th October 2016
Anti-dumping
Final Findings Notification No. No.
14/19/2015-DGAD dated 20th October 2016
|
|
7306
|
Radiation Inspection of Un-shredded Metallic
Waste and Scrap only at Entry Port in India from 1 April 2017
·
Corrections in Public Notice 38 dated
06.10.2016
|
40-PN/25.10.2016
|
|
7307
|
GST
Scanner
GSTN Moves Forward to Shortlist 88 Service
Providers to Interface with Network
|
ABS News
Service/27.10.2016
|
|
7308
|
Old VAT in New Bottles – Multiple-rate GST
Bad for India
|
ABS News
Service/27.10.2016
|
|
7309
|
New Revised DTAA between India and Korea
|
ABS News
Service/27.10.2016
|
|
7310
|
US Looks to Agro and Animal Products in
India
|
ABS News
Service/27.10.2016
|
|
7311
|
DGFT BRC Data, IEC Code and Forex
Realisation to be Shared with GSTN
· 19mn
e-BRCs available on DGFT Site
|
PIB (MoC&I)
Press Release dated 28th October 2016
|
|
7312
|
No Sale Condition Goods Imported under
Foreign Trade Policy 2009-14 can be Sold after 3 Years
|
49-CBEC/27.10.2016
|
|
7313
|
Radiation Check on Metal Scrap at Port of
Import from 1 April 2017
|
48-CBEC/26.10.2016
|
|
7314
|
New Drawback Rates Effective from 15 Nov 2016
Released
· Residuary
Rate Cut from 1.9% to 1.5%
· Rice
Drawback according to Pack Size
· Parts
Eligible for Drawback under Four Digit HS Classification
· Minimum
Value of Rs. 500 per Shipment Clause in Drawback
Rules Omitted
· Declaration
of Non Availment of Cenvat
Must for Drawback Disbursal
· No
Service Tax Refund where AIR Drawback Availed
·
Exporters at of 1.1% and 1.5%
Residual Rate to Furnish Data for Higher Drawback
|
50-CBEC/31.10.2016
131-Cus(NT)/31.10.2016
132-Cus(NT)/31.10.2016
|
|
7315
|
ECB Allowed to Recognised Startups, Maturity period more than Three Years, Amount
Limited to $3mn
|
13-RBI/27.10.2016
|
|
7316
|
Green Signal to Interest Rate Futures from
RBI
|
RBI/2016-17/104 –
FMRD.DIRD.10/14.03.01/2016-17 dated 28th October 2016
|
|
7317
|
Rupee Value under Indo-USSR Deferred
Payment Protocols Revised to Rs. 81.0297640 from 20
Oct 2016
|
12-RBI/27.10.2016
|
|
7318
|
Tariff Value Rises on Crude Palm
Oil $19; RBD Palm Oil $8; Palm Oil, Other $14; Crude Soyabean
Oil $8; Gold $4 and Silver $1
·
Down: Brass Scrap $57
|
133-Cus(NT)/31.10.2016
|
|
7319
|
AEO (T-2 and T-3) may be allowed
to pay fortnightly Customs Duty on Standard 17th and 2nd
of Each Month
· Discretion
to Allow Facility Lies with Customs Commissioner
·
Very Few Approved as AEOs Due to Cumbersome
Rules and Procedures
|
134 and
135-Cus(NT)/02.11.2016
|
|
7320
|
Wire Rods from China Slapped in $538/MT
Anti-dumping Duty
· Minmetals Gets Lower Duty of $499/MT
·
Both Alloy Steel and Carbon Steel Get the Same
Duty of $499/MT
|
51-ADD/02.11.2016
|
|
7321
|
Rupee Falls 5 Paise
against Dollar to Rs. 67.60 w.e.f.
4 Nov. 2016
|
136-Cus(NT)/03.11.2016
|
|
7322
|
DRI Claims Major Mandrax (23.5 MTs) Seizure in Udaipur with the help of
BSF
·
Western Rajasthan Emerging as Synthetic Drug
Capital
|
CBEC Press Note dated 2nd November
2016
|
|
7323
|
Food Products SION Tightened with Insertion
of Actual User Condition
·
DGFT Yet to Issue updated SION Book, No
release even in 2015-2020 FTP
|
41-PN/02.11.2016
|
|
7324
|
Delhi
High Court Swings to Support of Dolby Sound Patents
· 24
Courts Commissioners Raid Mobile Manufacturers across India to Seize Patent
Infringing Stocks and Records
·
Xiomi, Oppo, Gionee, Videocon, Optimus
Mobile factories under Attack
|
ABS News Service/04.11.2016
|
|
7325
|
GSTN
to Borrow Rs.800 crs for Infrastructure Cost
· Authority
to Charge Users for Cost Recovery, Tax Compliance Charge to be Borne by Tax
Payer
· Centre
and State Government as Beneficiaries of GST Not Prepared to Pay for
Collection Cost?
·
Gains will come to them from Profits with Rs. 10 crs Paltry Shareholding
|
ABS News Service/04.11.2016
|
|
7326
|
Finance Ministry Freezes 60% of
the Economy with Demonetization of 500 and 1000 Rupee Bank Notes
· New
RBI Governor Plays Fin Min Game
· Board
Passes Resolution to Impose Ban on Ground of Black Money Curb and Terrorist
Financing which are not in RBI Mandate
· Fin
Min Reneges on Resolution to Honor Promise and Support
Currency to Meet Bank Note Value on Demand
· Gross
Violation of Negotiable Instruments Act, 1881 on Promissory Notes with
Government itself Dishonouring its own Issue of Rs.
16 lakh crores in Circulation
· RBI
Liable under Promissory Estoppel Law as Cash with User Loses Volume Suddenly
·
New Procedures Onerous and Discretionary,
Nothing to do with Value of Currency which is fully Transferable Negotiable
Instrument
|
Ministry of Finance
Department of Economic Affairs
Notification dated 8 November 2016
|
|
7327
|
Telecom Ministry Starts Trend on Checks on
Manufacture Value Addition (VA) for Export Subsides
|
ABS News Service/10.11.2016
|
|
7328
|
GST
Scanner
Rates of Tax is GST Draft Law
|
ABS News Service/10.11.2016
|
|
7329
|
GST: More the Rates, More the Exemption
and More the Exceptions
|
ABS News Service/10.11.2016
|
|
7330
|
Coal, Crude, Metals, Sugar, Rubber and Urea
Rise in October
· Precious
Metals, Edible Oil, Food, Rice, Timber Down
·
Groundnuts, Woodpulp,
Rock Phosphate Steady
|
World Bank
|
|
7331
|
Filing of Combined Annual Return for
2015-16 Due on 30.11.2016 is not Required
|
1050-CBEC/08.11.2016
|
|
7332
|
Boric Acid Import SION Tightened with
Insertion of Actual User Condition
·
No Import under DFIA Scheme
|
42-PN/08.11.2016
|
|
7333
|
RBI Clarifications on Hedging in ECB
Framework
|
15-RBI/07.11.2016
|
|
7334
|
Online Info in B2C Also Liable to Service Tax
from 1 Dec 2016
· Downloading
of eBooks pdf File on Payment Liable to Service Tax
·
Service Provider Outside India Liable to Tax
|
202-ST/09.11.2016
46-ST/09.11.2016
47-ST/09.11.2016
48-ST/09.11.2016
49-ST/09.11.2016
|
|
7335
|
Revised Rates on Garments Exports under
ROSL (Rebate of State Levies) Scheme Applicable with Let Export Order Dates
from 15 Nov 2016
|
51-CBEC/09.11.2016
|
|
7336
|
Anti-dumping Duty on DASDA from China Raised to
$477/MT in Mid Term Review
|
52-ADD/09.11.2016
|
|
7337
|
Rupee Falls Re 1.20 against Dollar to Rs. 68.80 w.e.f. 18 Nov. 2016
|
138-Cus(NT)/17.11.2016
|
|
7338
|
Shredded Metallic Scrap too must have PSIC
for Customs Clearance
|
53-CBEC/18.11.2016
|
|
7339
|
Membership of
EPCES must for All SEZ Units
|
Ministry of Commerce
and Industry Notification [G.S.R. 771(E)] dated 5th August 2016
|
|
7340
|
Customs, Excise
and Service Tax Matters in SEZ as well as Audit
|
Ministry of Commerce
and Industry Notification [G.S.R. 772(E)] dated 5th August 2016
|
|
7341
|
Powers in SEZ
Shifted to Customs and Excise Administration from Development Commissioners
|
Ministry of Commerce
and Industry Notification [S.O. 2665(E), 2666(E), 2667(E)] dated 5th
August 2016
|
|
7342
|
SEZ Employees
Allowed to Work from Home
|
SEZ Instruction No. 85
dated 2nd August 2016
|
|
7343
|
Brand rate
Reimbursement in SEZ Cases
|
SEZ Instruction No. 86
dated 31st October 2016
|
|
7344
|
No Deviation from SEZ Act and
Rules for Partial De-notification in SEZs
·
Procedure and check List for Ministry Approval
in SEZ Cases
|
SEZ
Addendum dated 28th October 2016
|
|
7345
|
Foreign Exchange Management
(Insurance) Regulations, 2015
|
RBI Circular No. 18
dated 17th November 2016
|
|
7346
|
Investment by
Foreign Portfolio Investors (FPI) in Corporate Debt Securities
|
RBI Circular No. 19
dated 17th November 2016
|
|
7347
|
Verification of Brand Rate System
Dispensed, CA Certificate Sufficient in Normal Cases
|
54-CBEC/22.11.2016
|
|
7348
|
CBEC Clarification on Deferred Payment of
Customs Duty
|
52-CBEC/15.11.2016
|
|
7349
|
RBI says that Using Old 500 Notes in
“Unauthorised” Manner Illegal
|
RBI Press Release/22.11.2016
|
|
7350
|
RBI Liberalises Secondary Money Markets –
Rs.20,000 of Promissory Notes (Prepaid Payment Instruments) Allowed during
Demonetisation Period of 21 Nov to 30 Dec
|
RBI Press Release/22.11.2016
|
|
7351
|
Small Borrowers Allowed 60 more
Days to Pay Up
·
More Breaching space to NBFCs before Debts
Turn NPAs
|
RBI/2016-17/143 - DBR.No.BP.BC.37/ 21.04.048/ 2016-17
dated November 21, 2016
|
|
7352
|
Wedding Withdrawals upto 250K Allowed
·
Payments for Wedding Expenses to Only those
who do not have Bank Accounts!
|
RBI/2016-17/145 – DCM (Plg).No.1320/10.27.00/2016-17
dated November 21, 2016
|
|
7353
|
Bank Withdrawal Limits from RBI
·
Rs. 25K per Week for
Farmers
|
RBI/2016-17/146 - DCM (Plg)
No.1323/10.27.00/2016-17 dated November 21, 2016
|
|
7354
|
Bank Withdrawal Limits – Some Questions
and answers from RBI
|
ABS News Service/24.11.2016
|
|
7355
|
Majority of Participants have now
Implemented ITA Expansion Commitments
·
India Maintains that 4G Telecom Equipment Not
under ITA
|
ABS News Service/24.11.2016
|
|
7356
|
Trump on Trade
|
ABS News Service/24.11.2016
|
|
7357
|
RCEP Meets in Cebu, Philippines
|
ABS News Service/24.11.2016
|
|
7358
|
Azevêdo Throws Hat for Second Term as WTO Chief
|
ABS News Service/24.11.2016
|
|
7359
|
EU to Modify Anti-dumping Rules to Allow
Artificial Price for All Cases of “Distortive” Pricing for China and Other
Countries
|
ABS News Service/24.11.2016
|
|
7360
|
Lawrence Summers, Former US Treasury Secy and now Harvard Professor on Dishonour of Indian
Currency Note by Indian Government
|
ABS News Service/24.11.2016
|
|
7361
|
Yen May Falls to 110 and Rebounds to 100
on Trump Risks as Demand Rises
|
ABS News Service/24.11.2016
|
|
7362
|
GST Scanner
GST Rates Not Decided
·
Draft GST Bills to States for Comments without
Rate Schedule
|
ABS News Service/24.11.2016
|
|
7363
|
Hasmukh Bhai to Decide on Exemptions
|
ABS News Service/24.11.2016
|
|
7364
|
India Manages Veto Power at RCEP through
“Single Undertaking” Clause
|
ABS News Service/24.11.2016
|
|
7365
|
Safeguard Duty of 10%, 8%, 6% over Three Years
on Wide HR Carbon and Alloy Steel Sheets and Plates
· High
Price >$504/MT Not Covered
·
MIP to Expire on 4 Dec, Safeguard Measure
Substitutes
|
03-SG/23.11.2016
|
|
|
Demonetisation
|
|
|
7366
|
Former PM and FM Manmohan Singh
Hits Out at Demonetisation
·
Challenges Jaitley
to Name Any Country which Disallows Depositors from Withdrawing their Own
Money
|
Rajya Sabha Debate on
24.11.2016
|
|
7367
|
Rs. 1000 Note Demonetised
·
500 Note Remonetised for More Transactions
|
PIB (MoF) Press
Release dated 24th November 2016
|
|
7368
|
RBI Window for Note Exchange without
Account to Continue with 2000 Rupee Limit
|
RBI Press Release dated 25th November 2016
|
|
7369
|
RBI Vaults can be used for Note Storage
|
RBI/2016-17/153 DCM (Plg)
No.1383/10.27.00/2016-17 dated 24th November 2016
|
|
7370
|
Pensioners and Army to Get Priority in
Cash
|
RBI/2016-17/154 DCM (Plg)
No.1384/10.27.00/2016-17 dated 24th November 2016
|
|
7371
|
No More Note Exchange at Bank Counters
|
RBI/2016-17/155 DCM (Plg)
No.1391/10.27.00/2016-17 dated 24th November 2016
|
|
7372
|
Board Moves to “On Demand” Printing of
Customs Documents of Import and Export
· Transshipment Permit on Electronic Mode only
· Exchange
Control, Export Promotion Copy, Shipping Bill goes Direct to Bank and DGFT
· Physical
Copy of Bill of Entry for Banks not Required
·
Default Printout of TR 6/GAR7 along with
Assessed Bill of Entry Dispensed with
|
55-CBEC/23.11.2016
|
|
7373
|
Mate Receipt only for Bulk Cargo, not
Required for Containerised Cargo
|
56-CBEC/24.11.2016
|
|
7374
|
DGFT Opens New Office at Vijayawada from
Carve Out of Vizag Office
|
43-PN/11.11.2016
|
|
7375
|
Corrections in MEIS Schedule
|
44-PN/15.11.2016
|
|
7376
|
Revised Draft Model GST Law, Draft IGST
Law and Draft Compensation Law
|
CBEC Website
|
|
7377
|
Anti-dumping Duty on Met Coke from Australia
($16.29/MT) and China ($25.20/MT) Imposed
·
Final Findings Issued on 20.10.2016 – See
DINDEX Code 7305 for Details
|
53-ADD/25.11.2016
|
|
7378
|
Currency Chests to be Set Up at District
Levels
|
RBI/2016-17/160 DCM (Plg)
No.1430/10.27.00/2016-17 dated 27th November 2016
|
|
7379
|
Incremental CRR Rises to 100% to
Mop up Demonetisation Liquidity with Banks
·
Review on 9 Dec or Earlier
|
RBI Press Release dated 26th November
2016
|
|
7380
|
Notification to Publish Daily List
of Imports and Exports Rescinded
· “The
End” of Transparency in Trade Matters?
· Exclusive
Info Power now with Govt Agencies only
·
“Ease of Doing Business” Replaced with
“Disease of Doing Business (without Data)”
|
140-ST/25.11.2016
|
|
7381
|
Exclusive Jurisdiction to LTU Bangalore for
OLIDAR
|
50-ST/22.11.2016
|
|
7382
|
Surcharge Cess of 33% and 25%
Forced Deposits (for PM Gharib Kalyan)
to Launder Black Money
· Government
Enters into 50:50 Deal with “Black Money” SBNs Holders to Compete with Money
Launderers (They Launder for 80:20)
· 85%
Cost if Money Found by ITO
·
75% Cost if Money Declared to ITO only
|
ABS News Service/01.12.2016
|
|
7383
|
All Foreign Passport Holders now can Change Rs. 5000 per week till 15 Dec 2016
·
Earlier Facility Limited only to Travellers
|
20-RBI/25.11.2016
|
|
7384
|
No Withdrawal Limits on Currency Deposits
other than SBNs
|
RBI/2016-17/163 - DCM.No.1437/10.27.00/2016-17 dated 28th
November 2016
|
|
7385
|
PMJDY (Pradhan Mantri
Jan Dhan Yojana)
Withdrawal Limits Rs. 10,000 per Months
|
RBI/2016-17/165 DCM (Plg)
No. 1450/10.27.00/2016-17 dated 29 November 2016
|
|
7386
|
Rs. 8.45 Lakh Crores in SBNs
Deposited with Banks
·
Withdrawals only Rs.
2.16 Lakh Cores
|
RBI Press Release dated 28th November 2016
|
|
7387
|
Regional Offices of RBI to give Approval
for Local Currency Chests
|
RBI/2016-17/162 - DCM (Plg)
No.1438/10.27.00/2016-17 dated 28th November 2016
|
|
7388
|
SBNs of 500 and 1000 Rupee Notes are
“Soiled Currencies”, No Reckoning of these
|
RBI/2016-17/164 DCM (Plg)
No. 1459/10.27.00/2016-17 dated 29th November 2016
|
|
7389
|
Excise Exemption on Point of Sale (POS)
Devices for Four Months
·
Parts for Manufacture of POS Devices Exempted
for Four Months
|
35-CE/28.11.2016
|
|
7390
|
Anti-dumping Duty of $0.14 to 0.46 per kg
Imposed on Axle for Trailers from China
·
Final Findings Released without Provisional
Finding
|
54-ADD/29.11.2016
|
|
7391
|
Gold Coin Import Subject to CVD
·
Coin Manufacture without CENVAT Credit
Exempted from Excise
|
Ntfn 59/01.12.2016
36-CE/01.12.2016
|
|
7392
|
Draft Manifest (Vessels) and Conditions of
Transshipment, Transportation of Goods thru Foreign
Territory Regulations 2016 Placed in Public Domain for Comments
|
CBEC Website
|
|
7393
|
Confiscated Gold for Disposal thru Public
Sector Banks, MMTC and STC Allowed, SBI Monopoly Broken
|
57-CBEC/01.12.2016
|
|
7394
|
E-commerce Shipping Bill Format through
Courier Notified
|
142-Cus(NT)/29.11.2016
|
|
7395
|
RBI Asks Local Currency Chests to give
Notes to All Banks and not their own Branches
|
RBI/2016-17/169 - DCM (Plg)
No. 1508/10.27.00/2016-17 dated 2nd December 2016
|
|
7396
|
OIDAR Removed from
Telecomm Services Definition
Separate
OIDAR Rules Notified
|
51-ST/30.11.2016
|
|
7397
|
Indigenous Procurement Detail Included in
EOU Quarterly Return
|
45-PN/30.11.2016
|
|
7398
|
Rupee Falls 60 Paise
against Dollar to Rs. 69.40 w.e.f.
2 Dec 2016
|
145-Cus(NT)/01.12.2016
|
|
7399
|
Tariff Value Rises on Brass Scrap
$159; Palmolein $62; Palm Oil $25 to $53
·
Down: Gold $8; Silver $21
|
144-Cus(NT)/30.11.2016
|
|
7400
|
MIP Extended by Two Months till 4 Feb 2017
· 19
Flat Rolled Products of Steel Items Covered
·
List Cut to 19 from 66
|
31-Ntfn/03.12.2016
|
|
7401
|
Automated Courier Clearance from 5 Dec at
Bombay Airport for Select Couriers of Express Industry Council
|
58-CBEC/02.12.2016
|
|
7402
|
Courier Companies Allowed to Outsource
Operations
|
59-CBEC/02.12.2016
|
|
7403
|
Urjit Notes without Inset Letter in Rs. 50 Series Soon
·
Raghu Notes of Rs.
50 without Inset Letter and Raised Printing under Issue
|
RBI Press Release No. 2016-2017/1403 dated 4th
December 2016
|
|
7404
|
New 20 Rupee Urjit
Notes with Inset Letter
·
Rs. 20 Raghu Notes
Soon without Intaglio Printing
|
RBI Press Release No. 2016-2017/1402 dated 4th
December 2016
|
|
7405
|
35 Day Treasury Bills for Rs. 60k crores on Auction
|
RBI Press Release No. 2016-2017/1408 dated 5th
December 2016
|
|
7406
|
Banned Notes Deposited Reach 84.3%
of Official Issue
· Surrendered
Notes may Exceed Total Notes Issued (with 21 more Days left for Surrender)
· Little
“Black Money” Unearthed, A Case of Much Ado over Nothing?
·
Recycling of Notes Leaked from Bank Vaults
Alleged
|
ABS News Service/09.12.2016
|
|
7407
|
Reserve Bank Withdraws 100% Hike
in CRR, Issues 6 lakh crore MSS Security to Mop up Liquidity
· Bank
Rate (Reverse Repo Rate) to Continue at 6.25%
· Note
Ban Introduces Uncertainty in Economy
·
Subject: RBI Withdraws the Incremental CRR
|
RBI Press Release/07.12.2016
|
|
7408
|
Aadhaar-based Authentication for Card Present
Transactions Deployment
|
ABS News Service/09.12.2016
|
|
7409
|
Design Patents are Distinct from Utility
Patents, Says US Supreme Court in Samsung Case
|
ABS News Service/09.12.2016
|
|
7410
|
Wheat Duty Cut to Nil from 25%
·
10% Duty Entry Notified on 23 Sept 2016
Omitted
|
Ntfn 60/08.12.2016
|
|
7411
|
Coal, Metals, Edible Oil, Rubber and Urea
Rise in November
· Crude,
Natural Gas, Precious Metals, Rice, World Sugar, Timber Down
·
Woodpulp, Sorghum,
Soybean Meal Steady
|
World Bank Pink Sheet
|
|
7412
|
Issuance of Rs. 500
Bank Notes without Inset Letter, in the Mahatma Gandhi (New Series)
|
Press Release 2016-2017/1461 dated 8th
December 2016
|
|
7413
|
Activity at Banks during 10 November to 7
December 2016
|
Press Release 2016-2017/1460 dated 8th
December 2016
|
|
7414
|
GoI Supported LOC of USD35mn to Guinea for Construction and Up gradation
of Regional Hospitals
|
21-RBI/08.12.2016
|
|
7415
|
DG Safeguards Rejects Application for Duty on
Unwrought Aluminium
|
Safeguard Notification F.No.
22011/10/2016/Pt-VIII dated 13th December 2016
|
|
7416
|
DAGD Recommends Final Anti-dumping Duty on
CR and HR Seamless Steel Tubes from China – Provisional Duty Continued in
Final without Change
|
Anti-dumping Notification No. 14/2/2015-DGAD
dated 9th December 2016
|
|
7417
|
Exports Up 2.29 Percent in Nov; Imports at
10.44%
|
PIB (MoC&I)
Press Release dated 15th December 2016
|
|
7418
|
Seven New Pre-shipment Inspection Agencies
(PSIA) Notified
|
47-PN/15.12.2016
|
|
7419
|
RBI Releases Annual Report of the Banking
Ombudsman Scheme
|
RBI Press Release No. 1464/2016-2017 dated 9th
December 2016
|
|
7420
|
Rupee Gains 75 Paise
against Dollar to Rs. 68.65 from 16 Dec 2016; Euro
by Rs. 1.45 to Rs. 72.45
|
147-Cus(NT)/15.12.2016
|
|
7421
|
Tariff Value Rises on Crude Palm
Oil $16; Crude Soyabean Oil $42; Brass Scrap $41;
Silver $19
·
Down: Gold $8; Palmolein
$11; RBD Palm Oil $10; Areca Nuts $8
|
148-Cus(NT)/15.12.2016
|
|
7422
|
All Foreign Passport Holders can Change Rs. 5000 per Week till 31 Dec 2016
·
Old Notes Exchange Facility Extended to 31 Dec
from 15 Dec
|
22-RBI/16.12.2016
|
|
7423
|
RBI Notifies Pradhan Mantri
Garib Kalyan Deposit
Scheme (PMGKDS) 2016
|
RBI Press Release 2016-2017/1555 dated 16th
December 2016
|
|
7424
|
Guidelines to Pradhan Mantri
Garib Kalyan Deposit
Scheme, 2016
|
RBI/2016-17/188-IDMD.CDD.No.
1454/14.04.050/2016-17 dated 16th Dec 2016
|
|
7425
|
Electronic Payment Fee Cut to 0.5%
and below for Transactions upto Rs.
2000
·
Measure Temporary upto
31 March
|
RBI/2016-17/184 –
DPSS.CO.PD.No.1515/02.14.003/2016-17 dated 16th Dec 2016
|
|
7426
|
RBI Tightens KYC, PAN or Form 60 must for
All Accounts including NBFC
|
RBI/2016-17/183 – DPSS.CO.PD.No.1515/02.14.003/2016-17
dated 16th Dec 2016
|
|
7427
|
All SBNs (Old 500 and 1000 Notes)
Beyond 5K Deposited till 30 Dec to Face Questioning
·
Move to Pipe Deposits towards PM Garib Kalyan Scheme
|
RBI/2016-17/189 – DCM (Plg)
No. 1859/10.27.00/2016-17 dated 19th Dec 2016
|
|
7428
|
No Transaction Charge for IMPS, *99# and
UPI upto 1K for Three Months
|
RBI/2016-17/185 – DPSS
CO.PD.No.1516/02.12.004/2016-17 dated 16th Dec 2016
|
|
7429
|
Gold
Imports in Nov Up 23% Even as Prices Stagnate
· Volume
Inflow Estimated at 124 tonnes Compared to 99.62 tonnes in Previous Month
· Demonetisation
Demand to Convert Black Money Takes Over
·
Customs Bans Info on Consignment Wise Import
and Export to Shield Gold Trade on 25 Nov 2016? Daily Trade Return (DTR)
giving Port Wise Details of Import and Export Suddenly Discontinued
|
ABS News Service/21.12.2016
|
|
7430
|
Government
Withdraws Rs. 5000 Limit on SBN for KYC Compliant
Accounts
·
Move to Pipe Deposits towards PM Garib Kalyan Scheme
|
RBI/2016-17/191 – DCM (Plg)
No. 1911/ 10.27.00/2016-17 dated 21st Dec 2016
|
|
7431
|
China
Calls for Domestic Price based Investigation in Anti-dumping Investigation
· WTO
Complaint against EU, U.S.
·
Claims NME (Non Market Economy) Status should
go from 11 Dec 2016 when it Completed 15 Years of Transition Period Negative
Treatment at WTO following Commitments on Accession Obligation
|
ABS News Service/22.12.2016
|
|
7432
|
Indonesia’s Central Bank Revives Plan to
Cut Three Zeroes from Rupiah
|
ABS News Service/22.12.2016
|
|
7433
|
Indonesia Cigarettes Worth 10 crore
Seized by DRI in Delhi, Claims Labelling Did Not Cover 85% of Area
|
ABS News Service/22.12.2016
|
|
7434
|
November
Exports Fall Over Previous Month, Oil, Iron Ore and Steel Positive, RMG in Negative
Territory
·
Machinery Import Rise, Investment Picks Up
|
ABS News Service/22.12.2016
|
|
7435
|
HS Nomenclature 2017 Comes into Effect
from 1 Jan 2017
|
ABS News
Service/29.12.2016
|
|
7436
|
Anti-dumping Duty
of $28.86, Tata Chem ($20.35) per tonne on Soda Ash
Lifted in Review
· Gujarat
High Court Stays Implementation on 13 Dec
· Notification
34/2012 of 3 July 2012 and 08/2013 of 18 April 2013 Rescinded Subject to Guj HC Final Judgement
· Tata
Chem is both Exporter and Domestic Industry in Soda
Ash
· Kenya
Soda Ash is Pure in Virgin Conditions, Needs Little Purification, Manufacture
in India is Highly Power Intensive
· Glass
Manufacturers Get Relief from Anti-dumping Authority in Mid Term Review
·
Imports from Kenya and China to Shoot up, Tata
Chemicals to Gain as Exports from Kenya
|
55 &
56-ADD/21.12.2016
|
|
7437
|
Three
Months Extension to Anti-dumping Investigation of China Origin Aluminium
Radiator, Aluminium Radiator Sub-Assemblies and Core including CKD or SKD
·
Complainant Banco Products Baroda
|
TRU Office Memorandum
dated 22nd December 2016
|
|
7438
|
Zero Duty Exemption on Technitium-99m
Withdrawn
|
Ntfn 61/27.12.2016
|
|
7439
|
MEP on Potatoes Withdrawn
|
DGFT Notification No. 32 dated 27th
December 2016
|
|
7440
|
Mumbai Customs Issues List of 778 Pending
Drawback Claims
|
Mumbai Customs Public
Notice No. 186 dated 23rd December 2016
|
|
7441
|
60 Days Grace Period for Farmers whose
Crop Loan Due between 1 Nov and 31 Dec 2016
|
RBI/2016-17/194 - FIDD.No.FSD.BC. 19/05.04.02/2016-17 dated 26th
December 2016
|
|
7442
|
RBI Allows Purchase and Sale of Shares and
Debentures of Indian Company by a Person Resident Outside India
|
23-RBI/27.12.2016
|
|
7443
|
Export Warehousing Facility Extended to
Ahmedabad
|
1051-CBEC/15.12.2016
|
|
7444
|
Digital Mode of Payment while Making Financial
Transactions – Past Assessment
|
Service Tax
Circular F.No. 137/155/2012-Service Tax (Part-I)
dated 9th Dec 2016
Service Tax
Notification No. 52 dated 8th December 2016
Service Tax
Notification No. 53 dated 19th December 2016
|
|
|
Demonetisation
|
|
|
7445
|
Finally
a Presidential Ordinance to “Punish” the Holders of Official Currency to Jail
Term for those who Hold 1000 and 500 Rupee Notes after 31 Mar 2017
· Specified
Bank Notes Cessation of Liabilities Ordinance under Issue Soon
· Another
Ordinance to Disown Sovereign Liability on Demonetisation
·
Use SBN and Face after 31 Dec 5000 Rupee Fine
|
ABS News
Service/29.12.2016
|
|
|
GST Scanner
|
|
|
7446
|
Compensation
Bill on GST to Include VAT Issues to States on Demonetisation Assessees
· Rs.55,000
crores Thru Cess not enough Compensation, says Amit Mitra,
VAT Collections Down 30%-40%
·
IGST Jurisdiction on Battle Ground between
Centre and States
|
ABS News Service/29.12.2016
|
|
7447
|
Japan
Drags India to WTO on Steel MIP
· Alleges
Nullification of Concessional Duty on 29 Lines in Steel Chapter under
Bilateral FTA
·
India Substitutes MIP with Anti-Dumping and
Safeguards to Protect Domestic Industry
|
ABS News
Service/29.12.2016
|
|
7448
|
India May Cut Gold Duty to 6% from 10%
|
ABS News Service/29.12.2016
|
|
7449
|
Saudi
Move towards Taxes to Find State as Oil Crashes
· Expat
Fee, Subsidy Cuts to Balance Budget
|
ABS News Service/29.12.2016
|
|
7450
|
Trump Anti-China Policy – Will Xi Blink?
|
ABS News Service/29.12.2016
|
|
7451
|
Engineers, Doctors and MBAs with Average
Age of 28 Dominate the 186 Customs and Excise IRS Batch
|
ABS News Service/29.12.2016
|
|
7452
|
China Attracts $130bn in Non Finance Investment
|
ABS News Service/29.12.2016
|
|
|
New HS Codes 2017 Substituted in Schedule from 1 Jan 2017
|
|
|
7453
|
Seeks to amend notification No.
152/2009-Customs dated 31.12.2009 so as to provide deeper tariff concessions
in respect of specified goods imported from Korea RP under the India-Korea
Comprehensive Economic Partnership Agreement (CEPA) w.e.f.
01.01.2017 and to carry out editorial changes as a result of HS 2017 changes
|
66/2016-Cus,dt.
31-12-2016
|
|
7454
|
Seeks to amend notification No. 53/2011-Customs
dated 01st July, 2011 so as to provide deeper tariff concessions in respect
of specified goods imported from Malaysia under the India-Malaysia
Comprehensive Economic Cooperation Agreement (IMCECA) w.e.f.
01.01.2016 and to carry out editorial changes as a result of HS 2017 changes
|
65/2016-Cus,dt.
31-12-2016
|
|
7455
|
Seeks to further amend Notification No.
69/2011-Customs, dated 29th July, 2011 so as to provide a deepen the
concessional rate of basic customs duty in respect of tariff item 8408 20 20
[engines of a kind used for the propulsion of specified motor vehicles – of
cylinder capacity exceeding 250 cc] and 8708 40 00 [gear box and parts
thereof, of specified motor vehicles], w.e.f. 1st
of January, 2017, when imported under the India-Japan Comprehensive Economic
Partnership Agreement (IJCEPA) and to carry out editorial changes as a result
of HS 2017 changes
|
64/2016-Cus,dt.
31-12-2016
|
|
7456
|
Seeks to amend notification No.
46/2011-Customs dated 01.06.2011 so as to provide deeper tariff concessions
in respect of specified goods when imported from ASEAN under the India-ASEAN
Free Trade Agreement w.e.f. 01.01.2017 and to carry
out editorial changes as a result of HS 2017 changes
|
63/2016-Cus,dt.
31-12-2016
|
|
7457
|
Seeks to withdraw BCD exemption, available
to specified fabrics, of value equivalent to 1% of the FOB value of exports
in the preceding financial year, for manufacture of textile garments for
exports, subject to the specified conditions [S. No. 284A of Notification No.
12/2012-Customs dated 01.03.2012 refers].
|
62/2016-Cus,dt.
31-12-2016
|
|
7458
|
Seeks to Amend notification No.
69/2004-Customs dated 09.07.2004
|
68/2016-Cus,dt.
31-12-2016
|
|
7459
|
Seeks to Amend Various Customs
Notifications
|
67/2016-Cus,dt.
31-12-2016
|
|
7460
|
Seeks to Amend First Schedule to the
Customs Tariff Act, 1975
|
150/2016-Cus (NT), dt.
31-12-2016
|
|
7461
|
Seeks to Amend Various Excise
Notifications
|
37/2016-CE, dt. 31-12-2016
|
|
7462
|
Seeks to Amend notification No 49/2008-Central Excise (N.T.), dated
the 24th December, 2008
|
50/2016-CENT dt.
31-12-2016
|
|
7463
|
Seeks to Amend First Schedule to the Central Excise Tariff Act, 1985
|
49/2016-CENT dt.
31-12-2016
|
|
7464
|
Seeks to Amend Various Anti-dumping Customs Notifications
|
57/2016-Cus (ADD), dt.
31-12-2016
|
|
7468
|
Customs Declaration Form for Depositing
SBNs with RBI for Travelling NRIs/RIs
|
60-CBEC/31.12.2016
|
|
7471
|
Reward Scrips for Intransition
Period of 31.03.2015/ 01.04.2015
|
48-PN/29.12.2016
|
|
7472
|
MEIS for Onions Extended by Three Months
|
49-PN/30.12.2016
|
|
7473
|
National Marine Consultants Inc. USA
Notified as PSI Agency
|
50-PN/30.12.2016
|
|
7474
|
Registered Exporters System (REX) for the EU Generalised
System of Preferences (GSP) from 1 Jan 2017 Notified
·
Self Certification
for Rules of Origin under EU GSP
|
51-PN/30.12.2016
|
|
7475
|
DGFT Releases 8424 MT Sugar Quota for USA
|
52-PN/30.12.2016
|
|
7476
|
Tariff Value Falls on Gold $6;
Silver $35; Crude Soyabean Oil $20
·
Rise: Crude Palm Oil $13; RBD Palm Oil $11; Palmolein $4; Poppy Seeds $12
|
149-Cus(NT)/30.12.2016
|