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News 16 May 2022

 

What's New...

 

DGFT Clarifies that Wheat Exports will be allowed on case to Case Basis on Humanitarian Grounds

Ban on Wheat Exports is for Food Security and Ensuring Affordable Foodgrains

·      Rice substitute Wheat in PDS

Congress Slams Wheat Export Ban, says Move 'Anti-Farmer'

Govt Procurement of Shrivelled and Broken Grains Raised from 6% to 18% Allowed without any Value Cut

Wheat Procurement Season Extended, asks States/UTs and FCI to Continue Wheat Procurement till 31st May

Protests Triggered by Rising Food Prices Spread in Iran

Piyush Goyal Consults Industry Leaders as part of India’s FTA Negotiations with UK, EU and Canada

Webinar on 5G Use Cases in Manufacturing and Logistics Sectors on 25 May

 

14.05.2022

Wheat Exports Banned with Immediate Effect to Control Rising Prices

·         LCs Already issued by Buyers will be Honoured

·         Permits against Requests from Foreign Government may be Released

Onion Seeds Export Allowed with Permit

·         Onion Seeds Shifted to Restricted List from Prohibited List

Tariff Value of Crude and RBD Palm Oil, Palmolein, Crude Soyabean Oil, Brass Scrap; Gold and Silver; Poppy Seeds Release

Rupee Continues to Weaken, G-Sec Yields Move Up

·        INR Closes at 77.45 to the Dollar against the Previous Close of 77.4150

DoT Launches “GatiShakti Sanchar” Portal for Centralised Right of Way (RoW) to Lay Optical Fibre

·         Newly Launched “GatiShakti Sanchar” Portal will Streamline the process of Right of Way (RoW) Applications and permissions Across the Country

Auction of Spectrum in Frequency Bands Identified for IMT 5G

Japan-India ICT Joint Working Group Meeting Held on 13 May

WTO Members to Try Sort Out Thorny Issues in ‘Fisheries’ Negotiations before MC 12

 

13.05.2022

Merchandise Exports Cross $40 bn High in April

Merchandise Exports Cross USD 40 billion, Registering 30% growth over April, 2021

Impressive Beginning in Exports to further Add Enthusiasm, Aiming for much Higher Growth Trajectory during the Fiscal, says FIEO President

DRI seizes 15.93 kg foreign-origin gold worth Rs 8.38 crore smuggled via Indo-Myanmar border in Guwahati and Dimapur

Indonesia may Revoke Ban on Palm Oil Exports by Month-End

Biden may Visit India on East Asia Tour, Hosts ASEAN as White House

 

 

 

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Part I - Jumbo Notification, IGST+Prelim, Ch 1 to 71

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46th Budget Edition Feb 2022

Author: Arun Goyal

ISBN: 978-81-86234-77-8

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<More details>

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Customs Manual

Mar 2021

Author: Arun Goyal

ISBN: 978-81-86234-78-5

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Last Updated on 16-05-2022