Daily Index of Changes

Year 2017

DINDEX Code

Topics

Notification No./Date/Source

7465

Its Official Now, SBNs (Old 1000 and 500 Notes) are Banned from 1 Jan 2017

·     Ordinance Withdraws Government Guarantee on SBN from 1 Jan 2017

·     RBI Denied Legal Tender Status from 8 Nov 2016

·     SBN Holders Liable to Fine (of Higher) of 5 times the Value or Rs. 10K

ABS News Service/05.01.2017

7466

Three Month Grace Period for Surrendering SBNs for RIs who were Out of India

·     NRIs 6 Months

ABS News Service/05.01.2017

7467

One Time Facility of RI and NRI Travellers to Exchange SBNs Allowed

ABS News Service/05.01.2017

7469

Old Notes (Rs. 5000 per Week) Exchange Facility for Foreign Passport Holders Extended Till 31 Jan 2017

24-RBI/03.01.2017

7470

Furskins of Reptiles, Mink, Fox Shifted to Prohibited

·     Fur of Chinchilla also Prohibited

33-Ntfn/03.01.2017

7477

Online Clearance of Wild Life and CITES Items from 5 Jan 2017

01-CBEC/04.01.2017

7478

6% CVD on Articles of Jewellery Withdrawn

01-CE/05.01.2017

7479

Anti-dumping Duty on Jute Products from Bangladesh Notified

01-ADD/05.01.2017

7480

Phosphoric Acid Anti-Dumping Duty on Taiwan and Israel Dropped on Application of Gujarat Alkali

·     Domestic Industry Prospering with No Sign of Injury

DGAD Office Memorandum dated 2nd January 2017

7481

Adjudication by Investigation Agencies Restored Following Supreme Court Stay

CBEC Instruction dated 3rd January 2017

7482

Rupee Falls 15 Paise against Dollar to Rs. 68.80 w.e.f. 6 Jan 2017

01-Cus(NT)/05.01.2017

7483

Loksan Land Customs Station, Rangapani LCS

02-Cus(NT)/06.01.2017

7484

Export Credit of US$4.22mn to Burundi for Farm Mechanization Finance

25-RBI/05.01.2017

7485

Crude and Gas, Metals, Edible Oil, Cotton and Rubber Rise in December

·     Coal, Cocoa, Coffee, Tea, Fertilizers, Precious Metals, World Sugar, Timber Down

·     Woodpulp, Sorghum, Shrimp, Groundnuts Steady

World Bank Pink Sheet

7486

Corrections in SION Engineering Products

53-PN/09.01.2017

7487

Provisional Anti-dumping Duty of $849/MTs Imposed on Colour Coated Steel from China and EU

02-ADD/11.01.2017

7488

New Entry in Passenger Transport Vehicles in 8702 under HS 2017 Excise Duty

02-CE/11.01.2017

7489

Regularisation of Excise Duty not Paid on Tamarind Kernel Powder

01-CE(NT)/11.01.2017

7490

Procedure for Change in IEC Address – Jurisdiction of RA at New Address

54-PN/11.01.2017

7491

Dec Exports Up 5.72%

·     Gold Imports Crash by 55% over Nov, Smuggling Continues

·     Iron Ore, Engg Goods Export Rise as Steel Price Lookup

ABS News Service/16.01.2017

7492

Animal By-Products Exports, Govt Body Health Certificate Required in Addition to CAPEXIL for EU Exports

34-Ntfn/13.01.2017

7493

Cash Withdrawal Limit Enhanced

·     Rs. 1 Lakh per Week from Current Account

·     Rs. 10,000 per Day from ATM

RBI/2016-17/213 – DCM(Plg) No. 2559/10.27.00/2016-17 dated 16th January 2017

7494

CBEC Clarifications on All Industry Drawback Rate

02-CBEC/13.01.2017

7495

HS2017 Changes Incorporated in Duty Drawback Schedule

03-Cus(NT)/12.01.2017

7496

Export Credit of $0.17mn to Burundi for Integrated Food Processing Complex

26-RBI/12.01.2017

7497

Submission of Bill of Entry as Hardcopy of Evidence of Import Discontinued from 1 Dec 2016 Due to EDI IDPMS in Operation

27-RBI/12.01.2017

7498

DGFT Notifies ITC (HS) 2017

36-Ntfn/17.01.2017

7499

MEP on Areca Nuts Enhanced to Rs. 251/kg from Rs. 162/kg

35-Ntfn/17.01.2017

7500

Diamond Market Reels under Demonetisation Shock

·     De Beers Allows Buyers to Cherry Pick from Sights

ABS News Service/19.01.2017

7501

GST Reaches Agreement on Dual Control and Territorial Jurisdiction

ABS News Service/19.01.2017

7502

Communist China’s Xi Roots for Free Trade, Berates Trump for Protectionism

ABS News Service/19.01.2017

7503

Board Relaxes Labelling and Quality Standards for PoS Import to Promote Cashless Transactions

03-CBEC/16.01.2017

7504

Saccharin from China – Dumping Duty Extended Till 12 Jan 2018 in Review

03-ADD/19.01.2017

7505

Anti-dumping Duty on Nylon Filament Yarn from China, Taiwan and Others Extended Till 12 Jan 2018 – Pending Review

04-ADD/19.01.2017

7506

Rupee Falls 30 Paise against Dollar to Rs. 69.10 w.e.f. 20 Jan 2017; Euro Falls 95 Paise to Rs. 73.75

05-Cus(NT)/19.01.2017

7507

Telecomm Equipment Procedures for Software Export under EHTP/STP by Service Provider Streamlined

·     Sale to DTA at Depreciated Value Allowed

Ntfn 01/20.01.2017

7508

Safeguard Duty Rules Curtailed

·     Duty Concessions under Indo-Japan FTA Notified

·     Increase in Imports Injurious to Domestic Industry Condition to Trigger Measures

·     Progressive Reduction in Duty if Duration >1 year

07-Cus(NT)/24.01.2017

7509

DGAD Initiates Sunset Review Investigation on Building Material Textile (Geogrid) from China after Delhi High Court Intervention

·     Petition Filed by Techfab India Industries and Strata Geoststems India

Initiation Notification (Sunset Review)- F.No. 15/14/2016 -DGAD (Case No.SSR6/2017) dated 23 Jan 2017

7510

Insurance Services in Rural Areas now in Service Tax Net

01-ST/12.01.2017

7511

Aggregator not Liable to Pay Service Tax

02-ST/12.01.2017

7512

No Service Tax in Non Taxable Territory on High Seas upto Customs Station

03-ST/12.01.2017

7513

Service Tax Abatement for Tour Operator Services Rationalised

04-ST/12.01.2017

7514

Trump Withdraws from TPP, Bilateralism Back with a Vengeance

ABS News Service/27.01.2017

7515

New Leadership in US Trade in Trump Era

ABS News Service/27.01.2017

7516

Freight Moves in China-to-London Train in 15 Days

·     Sea Shipping Time Cut by 50%

·     Air Costs Halved

·     China is on Track to overcome the Freight Disadvantage

·     OBOR Planned 2013 comes True

ABS News Service/27.01.2017

7517

Bangladesh Workers Protest Over Low Wages

ABS News Service/27.01.2017

7518

TRIPS IP Rules Amended to Implement Doha Ministerial 2001 Decision

·     Generics at Reasonable Prices Export to Developing Countries Possible under Compulsory Licensing

ABS News Service/27.01.2017

7519

Disputes at WTO

·     Non Market Economies Status of China in WTO DSB

·     New Aluminium Case

·     Agri Subsidies

·     Indonesian Import Licensing Regimes Violating Trade Rules

·     Indonesia-EU Panel Report on Palm Oil Alcohol

·     Non Market Economies Status of China in WTO DSB

ABS News Service/27.01.2017

7520

60% Duty on Areca Nuts which Includes Betel Nuts Import from LDC Countries

·     Confusion on Classification of Betel Nuts under 0802 90 Removed

Ntfn 02/27.01.2017

7521

Sandalwood Handicraft Export Policy Liberalised

·     CITIES Condition Removed

37-Ntfn/27.01.2017

 

Budget 2017-2018

 

7522

Budget 2017-2018 Circular from TRU, Department of Revenue

TRU Letter/01.02.2017

7523

Finance Bill 2017-2018

Finance Bill 2017

7524

Seeks to further amend Notification No. 12/2012-Customs, dated the 17.3.2012 so as to carry out Budgetary changes. Details are contained in Joint Secretary (TRU – I) DO letter dated 31.1.2017.

06/2017-Cus, dt. 02-02-2017

7525

Seeks to reduce Basic Customs Duty from 10/7.5 % to 5% on all items of machinery required for (a) initial setting up of fuel cell based system for generation of power or for demonstration purposes and (b) for balance of systems operating on biogas or bio-methane or by-product hydrogen.

05/2017-Cus, dt. 02-02-2017

7526

Seeks to further amend 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.

04/2017-Cus, dt. 02-02-2017

7527

Seeks to further amend Notification No. 27/2011-Customs dated 1.3.2011.

03/2017-Cus, dt. 02-02-2017

7528

Seeks to amend Notification No. 16/2010-Central Excise dated 27.2.2010 so as to carry out Budgetary changes.

07/2017-CE, dt. 02-02-2017

7529

Seeks to amend Notification No. 12/2012-Central Excise dated 17.03.2012 so as to carry out Budgetary changes.

06/2017-CE, dt. 02-02-2017

7530

Seeks to prescribe 6% concessional excise/CV duty on all items of machinery required for (a) initial setting up of fuel cell based system for generation of power or for demonstration purposes and (b) for balance of systems operating on biogas or bio-methane or by-product hydrogen.

05/2017-CE, dt. 02-02-2017

7531

Seeks to further amend Notification No. 42/2008-Central Excise dated 1.7.2008 so as to carry out Budgetary changes.

04/2017-CE, dt. 02-02-2017

7532

Seeks to further amend Notification No. 6/2005-Central Excise dated 1.3.2005 so as to carry out Budgetary changes.

03/2017-CE, dt. 02-02-2017

7533

Seeks to further amend Central Excise Rules, 2002

05/2017-CE(NT) dt. 02-02-2017

7534

Seeks to further amend CENVAT Credit Rules, 2004

04/2017-CE(NT) dt. 02-02-2017

7535

Seeks to amend Notification No. 11/2010-Central Excise (N.T) dated 27.2.2010.

03/2017-CE(NT) dt. 02-02-2017

7536

Seeks to amend Notification No. 30/2008-Central Excise dated 1.7.2008.

02/2017-CE(NT) dt. 02-02-2017

7537

Seeks to amend 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.

07/2017-ST dt. 02-02-2017

7538

Polyester Staple Fibre from China, Indonesia, Malaysia and Thai in Dumping Investigation Net on Complaint of Indo Rama, Bombay Dyeing and Alok Industry

Anti-dumping Initiation Notification F.No.14/49/2016-DGAD dated 2nd February 2017

7539

Rupee Gains 70 Paise against Dollar to Rs. 68.40 w.e.f. 3 Feb 2017; Euro Falls 45 Paise to Rs. 74.20

09-Cus(NT)/02.02.2017

7540

Trade Protests – Choice of When to File Bill of Entry should be Left to Importer

ABS News Service/09.02.2017

7541

Bill of Entry Must be Filed within a Day of Inward Entry of Vessel or Cargo Arrival Report of Container in ICD

·     Duty to be Paid on Assessment Day

·     No Undue Enrichment for Excess Customs Duty Paid

D.O.F. No. 450/10/2017-CusIV dated 3rd Feb 2017

7542

Provisional Anti-dumping Duty on HR Flat Coils and Sheets Extended by Another Two Months, that is, till 8 April 2017

05-ADD/07.02.2017

7543

Anti-dumping Duty on CR Flat Products from China, Japan Plus Two Extended for Another Two Months, that is, till 16 April 2017

06-ADD/07.02.2017

7544

Amendments to Shopping List for Advance Authorisation Allowed thru “Nexus Certificate” of Chartered Engineer

·     Addition of Fresh Export Products in EPCG License also Allowed thru “Nexus Certificate” of Chartered Engineer

56-PN/06.02.2017

7545

RBI Prohibits Indian from Direct Investment in Non Cooperative Countries Identified by FATF

·     Investors must be Allowed to take their Non Risks in Third World Countries

28-RBI/25.01.2017

7546

NRIs can Access the Exchange Traded Currency Derivatives (ETCD) Market to Currency Hedge under FEMA

30-RBI/02.02.2017

7547

RBI Regional Officers to Compound FEMA Offences Delay in Filing Returns Cases

29-RBI/02.02.2017

7548

Methyl Ethyl Ketone from China, Japan, South Africa and Taiwan under Dumping Investigation on Complaint of Sole Producer Cetex Petrochem

·     Normal Value Constructed in the Absence of “Reliable” Information

Anti-dumping Initiation Notification F.No. 14/26/2016-DGAD dated 9th February 2017

7549

Order Must for Seizure of Improper Importation under Sec 110 of CA, 1962

·     SCN to be Issued even in Provisional Release under Sec 110A

CBEC Instruction No. 01 dated 8th February 2017

7550

Format of List Refund Payments

Service Tax Circular No. 203 dated 2nd February 2017

7551

Choice of HO/BO for Reward Scheme to be made once a Year

58-PN/10.02.2017

7552

Excise, Service Tax Collections Jump, Customs Muted

ABS News Service/15.02.2017

7553

India Bullish on TF in Services for Buenos Aires WTO Meet

·     WTO DG Azevedo on Visit to India to Lobby for Another Terms!

ABS News Service/15.02.2017

7554

SBN to be Treated as “Soiled Currency” in RBI Calculations

RBI/2016-17/226 – DCM(Plg) No. 3217/10.27.00/2016-17 dated 13th February 2017

7555

The Aggressor and Injured are the Same Persons in the PSF Anti-dumping Case

ABS News Service/17.02.2017

7556

Jan Export Growth to 4.3% again, Textiles, Engineering Hold Out

·     Imports Rise 10.7%, Demand Picks Up with Crude Leading

·     Japan Market Picks Up

ABS News Service/17.02.2017

7557

Four New Pre-shipment Agencies Notified – CWM, Global Multitrade, SMV International and Nectar Recognized

57-PN/10.02.2017

7558

Crude and Precious Metals, Urea, Edible Oil, Cotton and Rubber Rise in Jan

·     Coal, Natural Gas, Cocoa, Shrimp, Sawnwood Down

·     Woodpulp, Iron Ore, Potassium Chloride, Bananas Steady

World Bank Pink Sheet

7559

Rupee Gains 55 Paise against Dollar to Rs. 67.85 w.e.f. 17 Feb; Euro by Rs. 1.75 to Rs. 72.45

12-Cus(NT)/16.02.2017

7560

Tariff Value Up on Gold $12; Silver $27; Brass Scrap $92; Poppy Seeds $46

·     Down: Crude Palm Oil $8; RBD Palm Oil $32; Palmolein $39; Crude Soyabean Oil $32; Areca Nuts $19

11-Cus(NT)/15.02.2017

7561

Empowering the Principal Commissioner with the Powers of Chief Commissioner

10-Cus(NT)/08.02.2017

7562

All Imports and Exports at 19 Sea Ports and 17 Air Cargo Complexes to be Cleared 24x7

·     No MOT Charges at CFSs Attached Exclusively to 24x7 Seaports and Airport

04-CBEC/16.02.2017

7563

CR and HR Seamless Steel Tubes from China – Final Findings

·     Duty Confirms Provisional Duty Ranging from $961 to $1610 per MT Depending upon Specs

07-ADD/17.02.2017

7564

NOC Not Required from Defence Production for “Soft Skinned Vehicles” Exports

38-Ntfn/17.02.2017

7565

No Service Tax on Inward Transport of Transshipment of Goods

204-ST/16.02.2017

7566

Veneered Wooden Flooring from China, EU, Indonesia and Malaysia under Dumping Investigation on Complaint of Greenlam Inds

Anti-dumping Initiation Notification F.No.14134/2016-DGAD (Case No. — 01/08/2017) dated 17th February 2017

7567

DGAD Initiates Investigation on Monoisopropylamine from China on Complaint of Alkyl Amines

Anti-dumping Initiation Notification F.NO 14/46/2016-DGAD dated 15th February 2017

7568

Guangxi Qinzhou Capital China Filed for New Shipper Review on Phosphoric Acid Anti-dumping

Anti-dumping Initiation Notification No. 15/5/2016-DGAD(NSR 1/2017) dated 9th February 2017

7569

Procedure for Change in IEC Address – Jurisdiction of RA at New Address

59-PN/21.02.2017

7570

No Service Tax to be Paid for Services by Operators of Common Effluent Treatment Plant for the Period 1 July 2012 to 31 March 2015 under Sec 66B of FA, 1994

08-ST/20.02.2017

7571

Assessees Must Request for CAS-4 Certificate

·     Financial Year Ending on 31 March shall be Issued by 31 Dec

CBEC Instruction dated 16th February 2017

7572

Anti-dumping Duty on Indolinone for Circumventing DFS Anti-dumping Duty Recommended by DGAD with 2014 Retrospective Effect

DGAD Final Findings F.No. 14/22/2014-DGAD dated 15th February 2017

7573

Six Months Extension to CR Sheets Circumvention Case on Account of Court Stay

DGAD Notification F.No. 14/1/2014-DGAD dated 17th February 2017

7574

Authorised Labs Allowed to Export Diamonds for Testing

39-Ntfn/22.02.2017

7575

Actual User Condition Imposed on Duty Free Import of Gold where CENVAT in Availed

40-Ntfn/23.02.2017

7576

Exporters with AEO Certificate (Tier II and III) Exempted from Drawl of Samples for Grant of Drawback

05-CBEC/28.02.2017

7577

Classification of Articles of Paper and Printing

·     Railway, Bus Tickets, OMR Sheets, Application Forms, Paper Outer Strip Seals are Classified in 4911

·     Mark Sheets, Certificates and Railway Receipts are in 4907

·     Answer Books w/wt OMR, Passbooks Classified in HS 4820

1052-CBEC/23.02.2017

7578

Format for Declaration of e-BRC by Exporter

06-CBEC/28.02.2017

7579

No Service Tax to be Paid for Services by way of Admission to Museum for the Period 1 July 2012 to 31 March 2015 under Sec 66B of FA, 1994

09-ST/28.02.2017

7580

DGAD Notifies Corrigendum to Final Findings on Jute Products Anti-dumping Duty

Corrigendum Notification No. 14/19/2015-DGAD dated 9th February 2017

7581

Guidelines for Money Transfer Services Scheme (MTSS)

RBI/FED/2016-17/52 – FED Master Direction No. 01/2016-17 dated 22nd February 2017

7582

Regional Financial Institutions can Invest in Rupee Denominated Bonds as Investors

RBI Circular No. 31 dated 16th February 2017

7583

Mobile App for GST

CBEC Press Note dated 23rd February 2017

7584

Rupee Gains 20 Paise against Dollar to Rs. 67.65 w.e.f. 3 March; Euro by 90 Paise to Rs. 71.55

14-Cus(NT)/02.03.2017

7585

Authorised Labs Allowed to Export Diamonds for Testing – Customs Notification Amended

Ntfn 07/01.03.2017

7586

Zhejing Sanmei and Jiangsu Chemicals File for New Shipper Review on Tetrafluoroethane (R-134a) Anti-dumping

Anti-dumping Initiation Notification No.15/22/2O16-DGAD dated 27th February 2017

7587

Corrigendum to Notification No. 40/2015-2020 dated 23.02.2017

DGFT Corrigendum dated 2nd March 2016

7588

Infrastructure Lending Definition

RBI/2016-17/242 – DNBR.PD.CC.No.085/ 03.10.001/2016-17 dated 02.03.2017

7589

Export Credit of $29.95mn to Kenya for Financing Upgradation of Rift Valley Textiles Factory

RBI Circular No. 32 dated 2nd March 2017

7590

Export Credit of $15mn to Kenya for Development of SMEs

RBI Circular No. 33 dated 2nd March 2017

7591

$23.50mn Export Credit to Malawi for Construction of Water Supply System from Likhubula River to Blantyre

RBI Circular No. 34 dated 2nd March 2017

7592

$26mn to Senegal for Acquisition of Buses

RBI Circular No. 35 dated 2nd March 2017

7593

Export Credit of $78mn to Sierra Leone for Transmission Line and Substation Project

RBI Circular No. 36 dated 2nd March 2017

7594

Dept of Revenue Launches Public Consultation on Proposal to Amend Customs Valuation Rules, 2007

Draft Circular from CBEC

7595

Selfie Sticks with or without Bluetooth Classified in 96200000

CBEC Instruction No. 02 dated 6th March 2017

7596

DGAD Recommends Anti-dumping Duty of $23.78/MT to $300/MT on Linear Alkyl Benzene (LAB) from Iran, Qatar and China

DGAD Final Findings F.No. 14/20/2015-DGAD dated 6th March 2017

7597

Guidelines for Launching Prosecution to Punishable Offences under CA, 1962

·     Format for Investigation Report for Launching Prosecution (Annex I)

CBEC Circular No. 07 dated 6th March 2017

7598

Board Invites Suggestions on Duty Drawback under GST from Trade

CBEC Circular dated 23rd February 2017

7599

Customs Allows Export Goods Value upto Rs. 25k and Transactions in Forex thru Courier should be made Form Courier Shipping Bill CSB-V

Customs Notification No. 16 (Non Tariff) dated 3rd March 2017

7600

Gold Monetisation Scheme Transactions

RBI/2016-17/243 dated 6th March 2017

7601

New Trade Mark Rules 2017 Notified

ABS News Service/16.03.2017

7602

DGFT Notifies 357 Pages Consolidated MEIS Schedule Aligned with ITC(HS) 2017

61-PN/07.03.2017

7603

No MEIS Benefit to Flour, Meal and Power of Guar Seeds

60-PN/07.03.2017

7604

No Service Tax on Renting of Immovable Property to an Educational Institution

10-ST/08.03.2017

7605

Crude, Precious Metals, Ferrous and Non Ferrous Metals, Urea, Cotton and Rubber Rise in Feb

·     Coal, Natural Gas, Cocoa, Edible Oil; Rice Down

·     World Sugar, Woodpulp, Groundnuts, Shrimp Steady

World Bank Pink Sheet

7606

Trump Clamps Down on Migrant Movement, ‘Security Concerns’ Cited in Support

ABS News Service/16.03.2017

7607

Container Arrival Message with ICEGATE Compulsory

ABS News Service/16.03.2017

7608

India Loses GSP Benefits in Four Groups, Steel Included

ABS News Service/16.03.2017

7609

Indians Invest Dh20 bn in Dubai Property

ABS News Service/16.03.2017

7610

USFDA to Lift Import Ban on Sun-Ranbaxy Mohali Plant

ABS News Service/16.03.2017

7611

Saree Classified under Chapter 50, 52 and 54 of the CETA, 1985 Depending upon the Material of the Fabrics and not as Made-ups

1054-CBEC/15.03.2017

7612

Guangxi Quinzhou Capital Lose in New Shipper Review in Phosphoric Acid Case – Duty in 2013 Notification to Apply with Retrospective Effect

08-ADD/15.03.2017

7613

Tariff Value Falls on Gold $17; Silver $44; Brass Scrap $48; Crude Palm Oil $31; RBD Palm Oil $38; Palmolein $44

21-Cus(NT)/15.03.2017

7614

Rupee Gains Rs. 1.45 against Dollar to Rs. 66.20 w.e.f. 17 March

22-Cus(NT)/16.03.2017

7615

Exports Jump 17% to $24.5bn in Feb

·     Imports Rise 21.76%

PIB (MoC&I) Press Release dated 15th March 2017

7616

Master Circular on Show Cause Notice, Adjudication and Recovery

1053-CBEC/10.03.2017

7617

$92.18mn Export Credit to Tanzania for Rehabilitation and Improvement of Water Supply System

38-RBI/09.03.2017

7618

Export Credit of $750mn to Nepal for Financing Post-earthquake Reconstruction Project

37-RBI/09.03.2017

7619

Container Handling Crippled in Chennai Port as DRI, Customs Raid Imported Cargos for Fake Currencies

·     Kolkata, Delhi, Mumbai also Affected

·     Nothing Found but Movement Disrupted Affecting “Ease of Doing Business” even as the Instructions and Intelligence is said to Emanate from PMO

ABS News Service/ 23.03.2017

7620

Frozen Beef Stranded at China Sea After China Shuts Out Brazil

ABS News Service/ 23.03.2017

7621

July 1 Rollout Looks Real as Cabinet Clears GST Bills

ABS News Service/ 23.03.2017

7622

The ABC of the GST Registration Process

ABS News Service/ 23.03.2017

7623

Japan Drags India to WTO on Steel Safeguard Duties, India tries to Block

ABS News Service/ 23.03.2017

7624

Essential Solvent Dimethylacetamide from China and Turkey under Dumping Investigation on Complaint of Rashtriya Chemicals and Balaji Amines

·     Artificial Construction of Normal Value Allowed, but Proof of Non Market Conditions Required

DGAD Initiation Notification No. 14/41/2016-DGAD dated 17th March 2017

7625

DGAD Initiates Investigation on Phosphorus Pentoxide (P2O5) from China on Complaint of Sandhya Dyes & Chemicals

·     Normal Value Construction Allowed

DGAD Initiation Notification F.NO 14/47/2016-DGAD dated 17th March 2017

7626

DGAD Recommends Anti-dumping Duty on PTFE from Russia by $134.79/MT in Final Findings

·     Revision Follows Sept 2016 CESTAT Ruling to Determine NIP afresh on Complaint of Guj Fluoro

DGAD Final Findings F.No. 15/02/2015-DGAD dated 15th March 2017

7627

DGAD Recommends Anti-dumping Duty of $22.89 per Unit on China Origin Aluminium Radiators, Aluminium Radiator Sub-Assemblies and Core Including CKD or SKD in Final Findings

DGAD Final Findings F. No. 14/24/2015-DGAD dated 20th March 2017

7628

$55.59/MT of Anti-dumping Duty on Clear Float Glass 4mm to 12mm from Iran, DGAD Recommends its Final Findings

·     Pak, Saudi Arabia, UAE and China Already on Hit List

DGAD Final Findings No. 14/7/2015-DGAD dated 20th March 2017

7629

RoSL on Export of Made-up Articles under Ch. 63

08-CBEC/20.03.2017

7630

Board Instructions to Exporters to Provide Correct Bank Details Including IFSC Code for Smooth Disbursal of Duty Drawback and RoSL Amount

CBEC Instruction No. 03 dated 16th March 2017

7631

Imports and Exports from Democratic Peoples Rep Korea Tightened

41-Ntfn/21.03.2017

7632

Corrections in Ch.4 of FTP Provisions

42-Ntfn/21.03.2017

7633

Guidelines for Hedging Currency Transactions for Indian Subsidiaries of MNCs

41-RBI/21.03.2017

7634

Export Obligation Period for Inputs with Pre-import Condition under AA Specified

62-PN/24.03.2017

7635

Duty Cut to 10% from 30% on Sunflower Seeds for Extraction and Refining of Oil for a Period of Six Months

·     Exemption Effective from 1 April to 30 Sept 2017

Ntfn 09/23.03.2017

7636

Hazira (Surat) Seaport Added as Shipment Points in Export Promotion Notifications

Ntfn 08/23.03.2017

7637

Tur Dal Duty Hiked to 10% to Shore up Falling Prices

·     Wheat Duty Raised to 10%

Ntfn 10/28.03.2017

7638

Groundnut Oil, Sesame Oil, Soyabean Oil and Maize Oil Export Allowed

43-Ntfn/27.03.2017

7639

Anti-dumping Duty on Diclofenac Sodium (Indolinone) Scope Widened to Control Circumvention

09-ADD/24.03.2017

7640

Zhejiang Sanmei Chemical Lose in New Shipper Review in Tetrafluoroethane (R-134a) Case – Duty in 2016 Notification to Apply with Retrospective Effect

10-ADD/24.03.2017

7641

One More Year for Ports to get Radiation Monitors and Scanners to Check Metal Scrap

63-PN/27.03.2017

7642

Leggings (Knitted or Crocheted) Classified in Customs Tariff Heading 6115

CBEC Instruction No. 04 dated 21.03.2017

7643

E-Payment for Government Dues Deadline and Banking Hours Extended till Midnight of 31 March 2017

205-ST/27.03.2017

7644

Jaitley Introduces Taxation Laws (Amendment) Bill

ABS News Service/ 04.04.2017

7645

Vanaja N. Surna Appointed CBEC Chief for 15 Months, No Extension to Najeeb Shah

·     Ananya Ray and Ram Tirath Bye Passed

ABS News Service/ 04.04.2017

7646

CBEC Clarification on Legislative Changes to Section 46 and 47 of Customs Act 1962

·     Filing of Self Assessed Bill of Entry

12-CBEC/31.03.2017

24 to 28-Cus(NT)/ 31.03.2017

7647

Standard Operating Procedures (SOP)

·   Refund

·   Demand

·   Adjudication

·   Review & Appeal

11-CBEC/31.03.2017

7648

Indo-Japan CEPA Concessional Duty on 806 Items Slashed to 0.5 - 9%

Ntfn 11/31.03.2017

7649

Guidelines for Disposal of Confiscated Cigarettes of Foreign Origin under Labelling Rules

09-CBEC/29.03.2017

7650

Please be Careful in Examining Carpet Consignments for Exports, says DBK Officer

10-CBEC/30.03.2017

7651

Exchanges Facility for Foreign Passport Holders Restored to Status quo Ante

42-RBI/30.03.2017

7652

Thirteen Foreign Post Offices Notified for Customs Clearances for both Imports and Exports

·   System Revamped for E-Commerce Clearance

31-Cus(NT)/31.03.2017

7653

Tariff Value Rises on Gold $14; Silver $36; Palmolein $16

·     Down: Brass Scrap $29; Poppy Seeds $69; Crude Soya Bean Oil $21; Crude Palm Oil $6

23-Cus(NT)/31.03.2017

7654

Four GST Bills Introduced in Parliament

·     Countdown to “Most Disruptive Law” Begins

ABS News Service/ 04.04.2017

7655

Reviving and Accelerating India’s Exports: Policy Issues and Suggestions

·     New Prescriptions to Revitalise Ailing Exports

ABS News Service/ 04.04.2017

7656

Japan Gets WTO Panel for Fast Track Action in Steel Safeguard Case

·     India Attempts to Drag the Case Fails as 12 Others Join in as Third Parties

·     Early time Frame Accepted as Safeguard Action Expires in Mar 2018, Japan Fears Loss $220mn by Then

ABS News Service/ 06.04.2017

7657

Fishing Net from Bangladesh and China under Anti-dumping Investigation on Complaint of Indian Fishnet Manufacturers Association (IFMA)

Anti-dumping Initiation Notification F. No.14/44/2016-DGAD dated 31st March 2017

7658

DGAD Initiates Investigation on Glassware from China and Indonesia on Complaint of Shreno Ltd.

·     Opal Glassware Anti-dumping Duty Notification will Expire on 8 Aug 2017

DGAD Initiation Notification No. 14/45/2016 – DGAD dated 28th March 2017

7659

DGAD Initiates Investigation on Playing Cards from China on Complaint of Parksons Plus Two Domestic Companies

DGAD Initiation Notification No 14/43/2016- DGAD dated 30th March 2017

7660

Anti-dumping Duty on Jute Products from Bangladesh – Table Substituted as per Corrigendum Issued by DGAD

·     No Changes in Duty

11-ADD/03.04.2017

7661

ICD can Handle Clearance of Un-shredded Metal Scrap Provided the Scrap Passes thru any Designated Sea Ports

·     DGFT Backtracks on Metal Scrap from ICDs

19-TN/30.03.2017

7662

Rupee Gains 30 Paise against Dollar to Rs. 65.90 w.e.f. 7 April 2017

33-Cus(NT)/06.04.2017

7663

India on the Mat over MSP on Wheat Export Subsidy, Pulse Stocking

ABS News Service/ 06.04.2017

7664

Solar Energy Subsidies in US, India has Panel

ABS News Service/ 06.04.2017

7665

Raw Sugar TRQ of Five Lakh MTs at Nil Duty Notified, Measure Expires on 13 June 2017

·     DGFT Notifies Release of TRQ of Raw Sugar to Actual Users

·     Last Date for Application 24 April 2017

·     Only Nine Ports Permitted

Ntfn 12/05.04.2017
01-Ntfn/05.04.2017

7666

MEIS for Onions Extended by Three Months

64-PN/31.03.2017

7667

‘Authority’ for Advance Rulings Definition Amended

29-Cus(NT); 08-CE(NT); 12-ST(NT) dated 31.03.2017

7668

Limits for Investment by Foreign Portfolio Investors in Govt Securities Increased by Rs. 110bn

43-RBI/31.03.2017

7669

Energy, Metals, Urea, World Sugar and Rubber Crash in Mar

·     Rice, Groundnut oil, Barley, Bananas, Oranges, Beef Up

·     Groundnuts, Woodpulp, Logs, Plywood, Rock Phosphate, Potassium Chloride, Shrimp Steady

World Bank Pink Sheet

7670

Rs. 2700 crs Windfall to Target Plus Exporters as Cabinet gives Relief to 12 Year Dead Scheme

·     Where is Unjust Unrichment Concept Mr. Jaitley?

·     DGFT Sits on Non Refund of SAD on Reward Scheme Licences but Jaitley Rewards Target Plus (Instituted during his Years in Commerce Ministry during Vajpayee Rule)

PIB (Cabinet) Press Release dated 12th April 2017

7671

IGM Amendment Fee Hiked to 1000 Rupees

·     Minor Amendment Simplified but Major Changes only after Long Procedure

·     Complex and Large Consignments to be Affected, Discretion of Man on the Spot goes

14-CBEC/11.04.2017

7672

Customs Duty on Domestic Supplies to EOU at the Time of Debonding Sufficient, Refund of Deemed Export Benefit not Necessary

13-CBEC/10.04.2017

7673

Two Month Manufacture Period Now for Raw Sugar TRQ

Ntfn 13/13.04.2017

7674

DGFT Asks EPCs to Issue RCMC Online

·     RCMC Helpdesk to Discipline Errant EPCs Required

01-TN/07.04.2017

7675

$135.40 per MT Dumping Duty Imposed on Flexible Slabstock Polyol from Thailand

13-ADD/11.04.2017

7676

Anti-dumping Duty of $23.78/MT to $300.22/MT on Linear Alkyl Benzene from China, Iran and Qatar Notified

12-ADD/11.04.2017

7677

Anti-dumping Duty on HR Flat Coils, Sheets and Plates in DGAD Final Findings

·     China, Japan, Korea, Russia, Brazil and Indonesia in Hit List

DGAD Final Findings No. 14/9/2016-DGAD dated 10.04.2017

7678

Marginal Cut for Anti-dumping Duty on CR Flat Steel Products from China, Japan, Korea and Ukraine in DGAD Final Findings

DGAD Final Findings No. 14/12/2016-DGAD dated 10.04.2017

7679

Anti-dumping Duty of $2.83 to $8.71/kg on Amoxycillin from China in Final Findings of DGAD

DGAD Final Findings No. 14/5/2015-DGAD dated 03.04.2017

7680

DGAD Recommends Anti-dumping Duty on Elastomeric Filament Yarn from China ($0.48 to $3.44/kg); South Korea ($0.15 to 1.90/kg); Taiwan ($2.40/kg); Vietnam ($0.36 to $2.16/kg) to Suffer in Final Findings of DGAD

DGAD Final Findings No. 14/29/2015-DGAD dated 24.03.2017

7681

Aussie Crashes to Record Low of 0.74 cents as Turnbull Woos Modi

ABS News Service/ 14.04.2017

7682

GST Bills Passed by Both Houses, Rajya Sabha Drops Amendments

ABS News Service/ 14.04.2017

7683

Trump Readies for Action against China as Xi Visit Approaches

·     Compulsory Deposits to Check Importers of “Dumped” Goods on the Anvil

·     Other Measures under Crafting

ABS News Service/ 14.04.2017

7684

India Nears World No. 2 Spot as Steel Producer

ABS News Service/ 14.04.2017

7685

U.S. to Impose Steel Tariffs of up to 148 percent

ABS News Service/ 14.04.2017

7686

India, Cuba come Together on WTO E-Commerce Rules on Buenos Agenda

ABS News Service/ 14.04.2017

7687

Zone Wise Sugar Import Quota Prescribed

·     Three More Ports, i.e., Karaikal, Vizag and Gangavaram (AP) Included

02-Ntfn/13.04.2017

7688

US Sugar Quota Open, DGFT Exhorts Exporters to Avail Opportunity

02-TN/13.04.2017

7689

Exports Jump 27.59% in March, Imports Rise 45.25%

PIB (MoC&I) Press Release dated 13.04.2017

7690

Amritsar Commissionerate Jurisdiction Limited to Border Areas of Punjab and J&K

·     Ludhiana gets Balance Punjab and Himachal

38-Cus(NT)/13.04.2017

7691

Settlement Commission, New Form SC(C)-2 Prescribed under Sec 127B(5) of CA 1962

37-Cus(NT)/12.04.2017

7692

Settlement Commission, New Form SC(E)-2 Prescribed under Sec 32E(5) of CEA 1944

09-CE(NT)/12.04.2017

7693

Movement of Goods in GST under Official Surveillance

·     CBEC says e-way bill on GSTN for All Movements above Rs. 50K

·     30 mins for Checking Prescribed

ABS News Service/ 20.04.2017

7694

Trade Recovery Expected in 2017 and 2018, Amid Policy Uncertainty

WTO Press Release dated 12.04.2017

7695

Foreign Shipping Lines to Pay Service Tax in India on Freight Charges on India Bound Consignments

Circular No. 206/4/2017-Service Tax dated 13 April 2017

7696

Tariff Value Rises on Gold $8; Silver $6; Brass Scrap $5; Areca Nuts $88

·     Down: Poppy Seeds $69; Crude Palm Oil $22; Palmolein $16; Palm Oil $16-$19; Crude Soyabean Oil $14

39-Cus(NT)/13.04.2017

7697

Export Credit of $31.29mn to Nicaragua for Financing Transmission Lines and Substation Project

44-RBI/13.04.2017

7698

Rupee Gains 35 Paise against Dollar to Rs. 65.55 w.e.f. 21 April 2017

40-Cus(NT)/20.04.2017

7699

Gold Dore Import – Licence be Granted only Valid BIS Licence Holders of Refinery

04-TN/21.04.2017

7700

Zero Basic Duty for 27 Medicines for Supply under Patient Assistance Programmes

Ntfn 16/20.04.2017

7701

CVD Exemption Extended Jute Products from Nepal

Ntfn 15/20.04.2017

7702

Reimports by Returning Defence Units

·     Central Paramilitary Forces also gets Zero Duty Benefit

Ntfn 17/21.04.2017

7703

Ceiling on Export of Organic Pulses & Lentils Enhanced to 50k MTs from 10k MTs per Annum

·     Export Allowed only from Customs EDI Ports Subject to APEDA Registration

03-Ntfn/19.04.2017

7704

Clarification on Registered Exporter System Certification of Origin of Goods under EU Generalised System of Preferences (GSP)

·     List of Important URLs to REX Issued

03-TN/17.04.2017

7705

Ceramic Rollers from China under Anti-dumping Investigation on Complaint of Futura Ceramics

DGAD Initiation Notification No.14/47/2016-DGAD dated 19th April 2017

7706

DGAD Initiates Dumping Investigation on Acrylic Fibre from China, Belarus, Ukraine, EU and Peru on Complaint of Indian Acrylics and Pasupati Acrylon

·     Korea and Thailand Already in the Net

·     Notification on Japan and Belarus Expired in July 2015

DGFT Initiation Notification No. 14/50/2016-DGAD dated 19th April 2017

7707

Utilisation of Duty Credit Scrips for Payment of Customs Duties in Case of EO Default – Policy Corrected

04-Ntfn/21.04.2017

7708

Board’s Permission Required for Meetings with Representatives of Foreign Missions

CBEC Circular dated 19th April 2017

7709

Merit Based Assessment of Project Imports in Heading 9801 under Individual Heading also Allowed

·     Double Classification for Merit Based Duty at Lower of Two Rates Possible

15-CBEC/19.04.2017

7710

Duty Free Import of Consumables for Jewellery Allowed for Domestic Industry

Ntfn 14/18.04.2017

7711

SCOMET Policy Rationalised

·     DGFT to Issue Authorisation to Distinguish between Non-SCOMET and SCOMET Items

·     Revised Policy Running into 230 Pages Released

·     Decision within 30 Days of Application

·     SCOMET Records to be Maintained for Five Years

04-Ntfn and 05-Ntfn/ 24.04.2017

7712

DGAD Initiates Sunset Review on Viscose Filament Yarn from China on Complaint of Keroram Rayon and Indian Rayon with the Support of Century Textiles

DGAD Initiation Notification F. No. 15/16/2016-DGAD dated 24th April 2017

7713

Reward Rates for Services Export Extended to 31 March 2017

03-PN/21.04.2017

7714

Corrections in MEIS Product Descriptions

01-PN/13.04.2017

7715

Aspirin Word Included in Acetyl Salicylic Acid SION

02-PN/19.04.2017

7716

Heena Powder and Paste – Excise Duty not to be Levied for the Period between 1 Jan 2007 to 1 March 2013 under Sec 11C of CEA, 1944

11-CE(NT)/24.04.2017

7717

18% Standard GST Rate for Goods and Services on the Anvil

·     12% for Service Tax on Transport Sector without ITC

·     Small Exempted List at 0% and 5% GST

·     Luxury Goods at 28%

·     States Promise to Pass SGST Law by 31 May

ABS News Service/ 27.04.2017

7718

Rupee Bullish, Hits 62 but Steep Fall in Sight

ABS News Service/ 27.04.2017

7719

Paswan for Tur at 25% Duty

ABS News Service/ 27.04.2017

7720

Trump Slaps Anti Subsidy Duty on Canadian Softwood; can Canadian Dollar Slumps

ABS News Service/ 27.04.2017

7721

Solar Products Classification

ABS News Service/ 27.04.2017

7722

US Mulls Tax Holiday on Exports, Disallowance of Imports in Profit Calculation