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Vol. XIII Issue no.55
Chennai, Jul 23 , 2017
Bar coding on Mono-carton to be effective from April 2015• ADD on Sodium Nitrite from EU imposed•Exports to Iran eligible for incentives• Rates of exchange notified effective August 8•Tariff values notified•ADD on PTA imposed
Bar coding on Mono-carton to be effective from April 2015
New Delhi, August 8:   The DGFT has issued Public Notice No. 68(RE-2013) dated August 6, 2014 to revise the effective date of affixing bar-codes on Mono-carton as Secondary Level Packaging has been deferred to 1st April, 2015.  There shall be no other change in Public Notice No.
Rates of exchange notified effective August 8
New Delhi, August 8:  The Central Board of Excise and Customs has issued Notification No. 57/2014-Customs (NT) dated August 7, 2014 to determine the rates of exchange of 19 foreign currencies into Indian rupee and vice versa in respect of imported goods and export goods respectively.  Th
Exports to Iran eligible for incentives
New Delhi, August 7:  The DGFT has amended para 2.40A of Foreign Trade Policy (2009-14) to state that export proceeds against exports to Iran realized in Indian rupees are permitted to avail exports benefits/ incentives under the Foreign Trade Policy, 2009-14, at par with export proceeds realiz
Tariff values notified
New Delhi. August 1:   The Ministry of Finance has issued Notification No. 55/2014-Customs (NT) dated July 31, 2014, giving the revised tariff values of palm group of oils, crude soyabean oil, brass scrap, areca nut, besides gold and silver, when imported into India. According to the noti
ADD on PTA imposed
New Delhi, July 29:   The Ministry of Finance  has levied anti-dumping duty (ADD) on  of ‘Purified Terephthalic Acid’ (PTA) including its variants - Medium Quality Terephthalic Acid (MTA) and Qualified Terephthalic Acid (QTA), originating in, or exported from the
CBEC revised tariff values
New Delhi, July 17:   The Central Board of Excise and Customs has issued Notification No. 52/2014-Customs (NT) dated July 15, 2015, to fix tariff values on import of palm group of oils, brass scrap, poppy seeds, besides precious metals ofd gold and silver. According to the notification, t
Steel Quality Control to be strictly followed in steel import
New Delhi, July 14L   The Central Board of Excise and Customs has asked the field formations to strictly follow the instructions contained in the Steel and Steel Products (Quality Control) Order, 2012 and import of any sub-standard CRGO sheets/strips in contravention of this should not be
SION for four export products reinstated
New Delhi, July 14:   The DGFT has issued Public Notice No. 66(RE-2013) dated July 11, 2014 to reinstate the export products mentioned in A1143, A1170, A3627 and K134 of the volume Standard Input Output Norms (SION), with minor modification in import items in respect of two of them. 
Service tax on common put service among all units clarified
New Delhi, July 13:   The Central Board of Excise and Customs has clarified the manner of distribution of common input service credit under rule 7(d) of the Cenvat Credit Rules, 2004, vide its Circular No. 178/3/2014-ST dated July 11, 2014.  An amendment was carried out vide Notifica
Applicability of Central Excise on sale of fertilisers
New Delhi, July 13:   The Central Board of Excise and Customs has clarified that in respect of fertilizers for which subsidy is provided by the Government, the excise duty will be chargeable on the MRP and not on the subsidy component provided by the Government. As per Circular No. 983/7/
Union Budget 2014-15
Customs & Central Excise Readers are requested to visit the website of Central Board of Excise and Customs (www.cbec.gov.in) to know in detail the various Budget Notifications (Tariff/Non-Tariff) in respect of Customs, Central Excise and Service Tax, announced in the General Budget on July 10,
Importers to file Return for April-June by July 15
New Delhi:  The quarterly return for the First Stage Dealer/ Second Stage Dealer/ Registered Importer for the period April-June, 2014 is required to be filed on or before 15th July 2014.  Importers who are registered with Central Excise for issuing cenvatable invoices can e-file their quar
ADD on steel and fibre glass tapes extended by a year
New Delhi, July 8:   The Ministry of Finance has decided to extend the imposition of anti-dumping duty on steel and fibre glass tapes and their parts and components, originating in or exported from the People’s Republic of China, and imported into India, upto and inclusive of May 14,
Alex Stewart of Australia delisted from list of PSIA
New Delhi, July 7:   The DGFT has issued Public Notice No. 64(RE-2013) dated July 4, 2014 to state that Alex Stewart International (Aust) Pty. Ltd, Australia has been removed from the list of Inspection and Certification Agencies appearing in Appendix-5 of Handbook of Procedures (Vol.1) (A
Export policy of sugar amended
New Delhi. July 7:   The DGFT has amended the export policy of sugar as contained in Chapter 17 of Schedule 2 of the ITC 9HS) volume, vide Notification No. 88(RE-2013) dated July 4, 2014. According to this notification, the quantity ceiling for export of organic sugar has been removed til
Import of ‘foie gras’ prohibited
New Delhi, July 4:   The DGFT has modified the import policy of ‘foie gras’ from ‘free’ to ‘prohibited’ list.  This amendment, vide Notification No. 87 (RE-2013) dated July 3, 2014, has been incorporated under Exim Code 0207 43 00 in Chapter 2 of Sc
Exchange rates announced
New Delhi, July 4:   The Central Board of Excise and Customs has issued Notification No. 49/2014-Customs (NT) dated July 3, 2014 to announced the periodical changes in the conversion of rates of exchange into Indian rupee and vice versa in respect of imported goods and export goods respect
MEP for onions revised
New Delhi, July 3:   The DGFT has revised the Minimum Export Price for export of onions of all varieties subject to US$ 500 per MT, vide Notification No. 86(RE-2013) dated July 2, 2014. Ministry of Commerce & Industry, Department of CommerceUdyog Bhawan, New DelhiNotification No 8
Notification No. 07/2014-Central Excise dated the 30th June, 2014
Ministry of Finance (Department of Revenue)Notification No. 07/2014-Central Excise dated the 30th June, 2014  G.S.R.       (E).- In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), read with s