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News 19 January 2022

 

What's New...

 

DGFT Clarification on Steel Import Monitoring System (SIMS)

·   No SIMS for SEZ Cases

·   SIMS Registration Not Required Steel/Steel Item Exported from DTA to SEZ and then imported from SEZ to DTA

·   Re-import of Steel for Packaging Purposes not covered under SIMS

Both Basic and IGST Exempted on Goods Imported for AFC Women’s Asian Cup India 2022 by All India Football Federation

Re-export of ISO Containers Imported Temporarily for Combating the COVID Pandemic

Hamilton Steel Logistics Inc, Canada widened Area of Operation with USA Inclusion as PSIA

MeitY Invites Applications under the Chips to Start-up (C2S) Programme from Academia, R&D Organisations, Start-Ups and MSMEs

Financing, ‘Bold Decisions’ and Accountability on SDGs Heads Global Goals Business Forum Dialogue

 

18.01.2021

GST on Ocean Freight: Fresh GST Demands on Ocean Freight even as Issue is Pending in SC

·      Demand Notices for 5% on Reverse Charge sent out

India set to Achieve $650 billion Goods and Services Exports Target in 2021-22, Says Piyush Goyal

Apple Exports the only 6 percent of Imports, Chile leads in Imports: DGCI&S Data

Sugar Exports Jump nearly 4-fold to 17 lakh tons in Oct-Dec 21; Production up 6% till Jan 15: ISMA

Freight Train Shortage Blocks Rice Export Shipments

Charging Infrastructure for Electric Vehicles (EV) Promulgated by Ministry of Power

Samsung Considering another Texas Location for $17 Billion Chip Factory

Boat’s Parent Company, Leader in Hearables and Dixon Technologies Sign JV

Corrigendum to Initiation Notification on Glycine from China

·      Item Description corrected as Glycine from Ofloxacin and its intermediates

Carpet Council Starts Process to Elect UP

 

17.01.2021

Customs Look out Circulars at Airports are not Forever, Notes Delhi HC

14 Crores, Luxury Cars Found With Paramilitary (BSF) Officer in Haryana

TSMC Hits in Record 2021 Profit, 5 Nonometer Chips in Demand

·   Setting up New Plants in Japan and US

LIBOR at Sunset 2012, Frauds come to Light as Actors become Regulators

Libor, Long the Most Important Number in Finance, Dies at 52

 

 

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4th Edition Aug-Sept 2021

Author: Arun Goyal

ISBN: 978-81-86234-74-7

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Customs Manual

Mar 2021

Author: Arun Goyal

ISBN: 978-81-86234-75-4

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