WORLD TRADE SCANNER

RoDT on EP to Replace MEIS on 1 Jan 2020

·   New Scheme to have Cap of 2% for WTO Compatibility Announced

·   DGFT Alok Chaturvedi says no loss to Exporters at Rs. 50k crs Budget to be Set Aside on Lines of MEIS under New Scheme

ABS News Service/ 14.09.2019

Exports down 6% in August as most major sectors falter

·   Sharper fall in imports narrows trade deficit to $13.45 billion

ABS News Service/ 14.09.2019

Negative growth in exports show worsening global economic conditions and pointing to further downward revision of global trade growth: Sharad Kumar Saraf, President, FIEO

ABS News Service/ 14.09.2019

Exports Crash by USD 1.5bn in Aug, Electronics and Iron Ore only Silver Lining

·   Imports of Cotton and Steel Shoot up as Gold Falls

MoC&I Press Release dated 13.09.2019

Goa GST Meet: ‘Rate Rationalisation’ to be Core of Discussion on Rate-Cut Proposals

ABS News Service/ 14.09.2019

As States Push for GST Compensation for 3 more years, No End to Cess Pain

ABS News Service/ 14.09.2019

Delhi Declaration, an Ambitious Statement of Global Action by each Country on how to Achieve Land Degradation Neutrality: Union Environment Minister

·   Calls for Synergy between All Three Rio Conventions

MoE&F Press Release dated 13 September 2019

Ravi Shankar Prasad to hold Round Table Discussions with Prominent CEOs of the Electronics Industry

PIB Press Release dated 13th September 2019

No Industrial Licence/Arms Licence Required for the Manufacture of any Parts or Accessories in Defence Sector

Press Note No. 2 (2019 Series) dated 12.09.2019

Compulsory Licensing of Cigars and Tobacco, Defence Equipments, Industrial Explosives and Hazardous Chemical - Withdrawal of Press Note No. 17 (1984 Series) Withdrawn

Press Note No. 3 (2019 Series) dated 12.09.2019

Scheme for Export Credit to be Announced Soon, says Piyush Goyal

·    ECGC procedures being made Exporter Friendly

·    Day-long board of trade meeting concludes

MoC&I Press Release dated 12.09.2019

Goyal Addresses Board of Trade Meeting

·    Right Time Now to Expand India’s Export Footprint Globally: Piyush Goyal

·    Every District to Transform Into an Export Hub: Commerce Minister

·    Leads Index 2019 Released: Gujarat Tops Logistics Index

ABS News Service/ 13.09.2019

DGGI and DRI Raid at 336 Different Locations Across the Country on 11 Sept

·    Biggest ever pan-India joint operation by Directorate General of GST Intelligence and Directorate General of Revenue Intelligence against fraudulently claiming refund of IGST by exporters

·    DGGI & DRI crackdown involves about 1200 officers

Ministry of Finance Press Release dated 12.09.2019

Marking Must on Package Even in a E-labelling Cases

Registration/CRS E&IT & Solar Goods dated 06.09.2019

India to Align Trade Remedy Rules with Global Best Practices

ABS News Service/ 12.09.2019

Joint Statement of 16th AEM-India Consultations

PIB Press Release dated 10.09.2019

US China Trade War Casts Shadow Over RCEP Meet in Bangkok

·    Joint Statement of 7th RCEP Ministerial Meeting Held in Bangkok

Ministry of Commerce & Industry Press Release dated 09.09.2019

Sixth India-China Strategic Economic Dialogue (SED) Concludes

·    New Working Group on Pharma Constituted

NITI Aayog Press Release dated 09.09.2019

Dispute Settlement

·   Chinese Taipei Initiates WTO Dispute Complaint against Indian Tech Tariffs

·   Thailand Appeals Second Compliance Panel Report regarding Thai Cigarette Import Measures

ABS News Service/ 10.09.2019

Commerce Minister to Meet Exporters on September 11 to Discuss Measures to Push Export

·    MEIS Case Decision at WTO Due this Month

ABS News Service/ 05.09.2019

India, Russia Agree to Step up Trade to $30 bn by 2025

ABS News Service/ 05.09.2019

China Initiates WTO Dispute against Additional US Duties on Chinese Imports

Jordan Launches Safeguard Investigation on Potato Chips

ABS News Service/ 05.09.2019

Govt Restores Duty-Free Replenishment Facility for Jewellery Exporters

ABS News Service/ 03.09.2019

India Takes Over COP Presidency from China for Next Two Years

·   India will Highlight its Leadership in Navigating the Land Management Agenda at Global Level

ABS News Service/ 03.09.2019

FIEO Immediate Past President Ganesh Kumar Gupta (1952-2019) is no more

FIEO/PUB/PR/38/19 dated 30th August 2019

CBIC Chairman PK Dash Elected to Director Post in WCO, to Join Post in Jan 2020

WCO

Cabinet Approves Proposal for Review of FDI Policy on Various Sectors

PIB Press Release dated 28 August 2019

Cabinet Approves Sugar Export Policy for Evacuation of Surplus Stocks During Sugar Season 2019-20

·      About 60 lakh tonnes Sugar to be Exported this Financial Year

PIB Press Release dated 28th August 2019

New E-commerce Norms Set to become Mandatory by Year-End

ABS News Service/ 29.08.2019

DG Azevêdo Tells G7 Leaders: WTO Reform is Opportunity to Tackle Inequalities

ABS News Service/27.08.2019

G7 Leaders’ Declaration - Biarritz, France, 26 August 2019

ABS News Service/27.08.2019

Amnesty with Discounts of 40% to 70% Offered for Past Cases of Service Tax and Excise

·   One Time Settlement to Close Legacy Disputes

·   Sabka Vishwas - Legacy Dispute Resolution Scheme notified ; to be operationalized from 1st September 2019

·   Government expects Scheme to be availed by large number of taxpayers for closing their pending disputes relating to legacy Service Tax and Central Excise cases

PIB Press Release/22.08.2019

Dr Ajay Kumar Appointed Defence Secretary

MoD Press Release dated 22.08.2019

WTO Reforms Must be Taken Up by All Member Countries, says Piyush Goyal

·   Commerce & Industry Minister Addresses the South-South and Triangular Cooperation

MoC&I Press Release dated 22.08.2019

More than 5000 Consignments for Printed Books Stuck at Foreign Post Office Bombay as Modi Govt Bans Imports through Postal Channel in Budget 2019

·   Books must be imported by Air in regular Consignments with High Freight Cost

·   5.5% Customs Duty must be Paid through Bill of Entry Filing at Port with Importer Exporter Code

·   Remittance for Invoice through regular Banking Channel and RBI Exchange Control Oversight

ABS News Service/22.08.2019

Attention: GST Taxpayers!
31st August, 2019 is the last date to file your Annual Return (GSTR-9, GSTR-9A & GSTR-9C).All GST Taxpayers are kindly requested to file their respective returns in time.

ABS News Service/22.08.2019

GST Mela for Annual Return-Daman Commissionerate

ABS News Service/22.08.2019

Adani to Buy 70% Stake in Krishnapatnam Port for over ₹5,500 crore

ABS News Service/21.08.2019

July Exports Stagnate at $26.33 bn, Official Gold Imports Crash

MoC&I Press Release/ 14.08.2019

DGGI (HQs) Arrests Two in Cases of Fraudulent IGST Refund Claims

MoE Press Release dated 16.08.2019

New Panels Established to Review US Solar Cell Duties, Indian Sugar Programmes

ABS News Service/19.08.2019

Revamped Trade Indicator Suggests further Weakening of Goods Trade into Third Quarter

ABS News Service/16.08.2019

US Appeals against WTO Ruling favouring India in Renewables Case

ABS News Service/16.08.2019

Pakistan Prohibits all Imports from India, Equates Indian Origin Goods with those of Israel

·    Rs 17930 cr worth of Goods in Annual Export and Import Trade Affected by Bans between the Two Neighbours in Last five Months

ABS News Service/ 10.08.2019

DGFT Asks Exporters to Check on its website if RCMC Data Uploaded by Export Promotion Council

DGFT Website

Korean Request for Retaliation with Suspension of Concessions on $350mn Goods against US in Dumping Dispute Referred to Arbitration

ABS News Service/ 10.08.2019

Piyush Goyal to Lead Delegation to Vladivostok to Explore Investment Opportunities in Russia’s Far East Region

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