Central Excise Duties and Service Tax Drawback (Amendment) Rules, 2015 is notified

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION 3, SUB-SECTION (i)]  GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE)   Notification No.  20 / 2015- Customs (N.T)   New Delhi, the 10th February, 2015   G.S.R. 81 (E). – In exercise of the powers conferred by section 75 of the Customs Act, 1962 (52 … Read more

Doubtful cases of Delay in Utilization of Advance Received for Exports, may be referred to Directorate of Enforcement for further investigation

RBI/2014-15/461A. P. (DIR Series) Circular No.74 February 09, 2015 To All Category-I Authorised Dealer Banks Madam / Sir, Delay in Utilization of Advance Received for Exports Attention of Authorised Dealer Category – I (AD Category – I) banks is invited to the sub-regulation (1) of Regulation 16 of the Foreign Exchange Management (Export of Goods … Read more

Minimum Export Price of edible oils in branded consumer packs of upto 5 Kgs is reduced to $900 per MT from $1100 per MT

(To be Published in the Gazette of India Extraordinary Part-II, Section – 3, Sub-Section (ii))  Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan         2.                  Effect of this notification: MEP on export of edible oils in branded consumer packs of upto 5 Kgs has been reduced to … Read more

Import of Shark fins is Prohibited

  Notification No. 111/(RE-2013)/2009-2014       Exim Code Item Description Existing Policy Revised Policy Shark fins Prohibited     [Issued from File No.01/89/180/118/AM-02/PC-2 (A)]  

New format for e-IEC certificate is published by DGFT

To be published in the Gazette of India Extraordinary Government of India Department of Commerce  Udyog Bhawan, New Delhi -110 011  New Delhi, dated the 10th February, 2015 Subject: New format for e-IEC- introduction of Appendix 18B -1 (Format of e-IEC) in Handbook of Procedure Vol. I (Appendices and Aayat Niryat Forms), 2009-2014. In exercise … Read more

Export of Shark fins of all species of Shark has been prohibited

(To be published in the Gazette of India Extraordinary Part-II, Section – 3, Sub-Section (ii))   Notification No 110 (RE – 2013)/2009-2014 New Delhi, Dated: 6 February, 2015   Fish and Crustaceans, Molluscs and other Aquatic Invertebrates Tariff Item HS Code Item Description Nature of Restriction 03057100 Shark fins  of  all species of shark Not permitted … Read more

Anti-dumping duty on all kinds of Synchronous Digital Hierarchy Transmission Equipment originating in or exported from China PR and Israel will remain in force up to 7th day of December, 2015

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]                                                    Government of India Ministry of Finance (Department of Revenue)  Notification  No. 01 /2015-Customs (ADD)  New Delhi, the 5th January, … Read more

Anti-dumping duty on “Melamine” originating in, or exported from, People’s Republic of China will remain in force up to 18th day of February, 2016

[TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THE GAZETTE OF INDIA, EXTRAORDINARY]  Government of India Ministry of Finance (Department of Revenue)  Notification No. 02/2015-Customs (ADD)  New Delhi, the 7th January, 2015               G.S.R.     (E). -Whereas, the designated authority vide notification No.15/17/2014-DGAD, dated the 9th December, 2014, published in the Gazette of … Read more

DGFT started complete online filing of IEC applications process, no more physical form and paper work

Directorate General of Foreign Trade has started operationalising online filing of Importer Exporter Code (IEC) applications, online processing and issue of e-IECs in digital format. Now new entrepreneurs/exporters/importers can apply online for issue of new IEC from the comfort of their home/IT Kiosk with no more visits to the Regional Authority`s office required, and upload … Read more

IEC application document check list and guidelines for processing of online IEC

Department of Commerce Directorate General ofForeign Trade UdyogBhavan,NewDelhi-110011   PolicyCircularNo.17(RE-2013)/2009-2014                                                                                                  dated the30thJanuary, 2015   To   Subject:Guidelines forprocessing of online IEC applications and IEC checklist In continuation of the guidelines for processing online IEC applications, issued vide Policy Circular No.15 dated the 31st December 2014, following further instructions and check list are laid down for processing of the IEC applications:   IECcapplicationccheck-list Nature of check   … Read more