Vol. XIII Issue no.55
Chennai, May 19 , 2012
Actual user only is eligible to import Areca Nut
New Delhi, May 16: The Director General of Foreign Trade has, vide Public Notice No. 112, stated that henceforth, import of Areca nut (i.e. Betel nut) as an input would be permitted only when it is by an actual user; or by anybody (including the actual user) if it is specifically mention
Tariff values of gold and silver and brass scrap modified
New Delhi, May 16: The Central Board of Excise and Customs revised the tariff values of gold, silver, brass scrap and poppy seeds, when imported into India, according to Notification No. 42/2012-Customs (NT) dated May 15, 2012. The revised tariff value of gold is $507 per 10 gms, o
Export of sugar: Conditions modified
New Delhi, May 15: The Director General of Foreign Trade has amended the export policy of sugar, contained at Sl.No.93 of the volume ITC (HS) Classification to state that for export of sugar, prior registration of quantity with DGFT is necessary, vide Notification No. 117 dated May 14, 2
ADD on Tyre Curing Presses continued: Description amended
New Delhi, May 15: The Ministry of Finance has issued Notification No. 26/2012-Customs (ADD) dated May 14, 2012 to substitute the words “Tyre Curing Presses except Six Day Light Curing Press for curing bi-cycle tyres” for items 1, 2 and 3 in its Notification No.1/2010-Cu
ADD on Chinese Dry Cell Batteries extended by one year
New Delhi, May 15: The Ministry of Finance has decided to continue imposition of anti-dumping duty on imports of Dry Cell Batteries, originating in or exported from PR of China for one more year, vide Notification No. 25/2012-Customs (ADD) dated May 14, 2012.
This decision is ba
Provisional ADD to be levied on PVC Flex Film produced by Haining Tianfu
New Delhi, May 15: The Designated Authority in the Ministry of Commerce has initiated a review on imports of PVC Flex Film from China and imported into India, at the request of M/s Haining Tianfu Wrap Knitting Co Ltd, People’s Republic of China ( Producer) and M/s Manna, Korea RP (
Concessional duty on import of sanitary towels from Singapore
New Delhi, May 15: The Ministry of Finance has exempted imported of Sanitary Towels (Pads) or napkins, when imported into India from the Republic of Singapore, customs duty as is in excess of 6.67%, vide Notification No.36/2012-Customs dated May 14, 2012. This item has been i
Exemption to goods imported from Singapore modified
New Delhi, May 15: The Ministry of Finance has issued three Notifications, all dated May 14, 2012, modifying the Tables annexed to these in respect of goods eligible for exemption when imported into India from Republic of Singapore.
Notification No.33/2012-Customs substitutes the Table
Rates of abatement under MRP-based assessment modified
New Delhi, May 14: The Ministry of Finance has amended the rates as percentage of retail sale price of goods falling under different Central Excise Tariff headings/sub-headings, vide Notification No. 26/2012-Central Excise (NT) dated May 10, 2012. These amendments are carried out i
More conditions stipulated for obtaining cotton RCs
New Delhi, May 10: The Directorate General of Foreign Trade has issued Trade Notice No.2 dated May 10, 2012, imposing additional points to further streamline the registration process for issue of cotton Registration Certificates (RCs).
According to this notice, any application/e-mail fo
'Tubular bags' included under Export product
New Delhi, May 10: The Director General of Foreign Trade has included ‘Tubular Bags’ as an export product under Textiles Products in the Handbook of Procedure (Vol.2) at Sl.No.J-375, eligible for import of 1.08 Kg of High Tenacity Polyester Filament Yarn for export of 1 Kg of
Container lines to levy peak season surchage on Asia-US route
Chennai, May 10: Shipping lines in the Asia-US route will impose a peak season surcharge of $600 per 40-foot container (FEU). This is to take effect from June 10.The member-lines in the Transpacific Stabilization Agreement (TSA) said the surcharge is intended to cover 'extraordinary' sea
Restoration of Service tax to 12% clarified
New Delhi, May 9: With the restoration of Service tax to 12%, the Central Board of Excise and Customs has come out with Circular No. 158/9/2012-ST dated May 8, 2012, clarifying the rate of tax applicable wherein invoices were raised before 1stApril 2012 and the payments shall be after 1s
General exemption notification under Customs further modified
New Delhi, May 9: The Ministry of Finance has issued Notification No. 31/2012-Customs dated May 8, 2012, further modifying the general exemption Notification No.12/2012-Customs issued on March 17, 2012. The latter notification, it will be recalled, superseded the 10-year standing general
Defence imports: Addl. Duty exemption not available for certain items
New Delhi, May 9: The Ministry of Finance has listed 7 items of import by Ministry of Defence which would not be eligible for exemption from the additional duty leviable thereon, vide Notification No.30/2012-Customs dated May 8, 2012. The goods are: (i) Hand held Metal detector (ii) Post
Onion Minimum Export Price Scrapped till July 2
New Delhi, May 9: The government on Tuesday notified its decision to free onion exports by scrapping the system of fixing the minimum export price (MEP) for undertaking overseas shipments till July 2. “The export of onions is allowed without any MEP up to July 2, 2012,” Direc
CBEC clarifies IPR on issue of parallel imports
New Delhi, May 8: On the issue of Enforcement of Intellectual Property Rights on imported goods, the Central Board of Excise and Customs has clarified that the prohibition of imported goods for the purpose of protecting intellectual property rights as specified under Notification No.51/2
More items added under India-China Border trade
New Delhi, May 8: Liberalising border trade with China, the Ministry of Commerce has added 5 new items of import and 7 new items of export under the Indo-China Border Trade, in addition to those specified in Public Notice No. 20 dated June 13, 2006 and PN No. 48 dated March 5, 2010.Accor
EOU units cannot supply marbles to DTA
New Delhi, May 8: The Director General of Foreign Trade has issued Notification No. 115 dated May 7, 2012 to state that supplies from EOU/EHTP/STP/BTP units to Domestic Tariff Area (DTA) shall not include for the purpose of fulfillment of positive NFE. The amendment has been carried out in par
