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What's New...
Retaliatory Tariff Postponed on US Imports at Fourth
Time to 31 Jan 2019
Tariff Value of Palm Oil, Palmolein,
Gold and Silver, Brass Scrap, Areca Nuts and Poppy Seeds Notified
Sugar Mills Threatens with Action for Failing Quarterly
Export Target
Users Mukand, Kalyani Steels Plus Five Domestic Industries
Demand Review on Anti-dumping Duty on
Met Coke from Australia and China
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DGTR Initiates Mid Term Review (MTR) Investigation
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Major producers is in insolvency proceeding
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One of the supporters in the original anti-dumping
investigation, has been ordered to liquidate
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Domestic merchant producers are performing well
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Landed value of imports of subject goods in India
has witnessed a sharp increase year by year and the domestic industry cannot
suffer injury when imports are coming at such high price
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NIP calculated by the Applicants, the injury margin
is negative
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Domestic Produces are incapable to meet the demand
in India
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Huge increase in prices of domestic
producers
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Coking coal used for making subject goods in India
is imported from outside India
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Domestic industry is not suffering injury any longer
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No likelihood of recurrence of dumping and injury
Anti-dumping Duty Imposed on Zeolite 4A (Detergent
Grade) from China
NACIN to Conduct Customs Brokers Exams Online from Year
2019
Trade Restriction Increases Seven Fold after WTO
Weakens
Korean Won and Turkish Lira Recognised
for Customs Valuation Exchange Rate
New Drawback Rates Effective from 19 December 2018 –
CBIC Circular
Prohibited Items in
SCOMET List not Allowed for Exhibitions
Export Authorisation for Re-export or Return of SCOMET Items
IEC is to be
Issued Only in the Name of Firm and Not in the Name of the Partner or
Proprietor
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Details will be Verified against the ID of the
Partner/Proprietor
Lapsed ITC can be Claimed till 31 March 2019, Last Date
of 30 Sept Challenged
· Gujarat High Court Accepts Petition Challaning
GST Law to Restrict ITC Claimed upto Sept 2018 GSTR
3B
GST Regime has not Upped Tax in Real Estate, says Govt
· GST Rates same as previous Excise Regime
· No GST after Completion Certification
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ITC available to Builders in Pre-completion Cases, he
is to pass onto Buyer in Low Price
Export Credit of $500mn to Tanzania for Financing Water
Supply Schemes
Manual Filing for AEO T1 to Continue till End of Financial
Year 2018-19
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T1 and T2 Certification Validity Extended to Three
Years
Meadow Port (Andaman and Nicobar Islands) Notified for
Unloading Imported Goods and Loading Export Goods
GSTR 9, 9A and 9C Forms Uploading on Portal Shortly
· Last Date for Filing Extended to 31 March 2019
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Released on 15 Oct 2018
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BIG’s
Easy Reference
Customs Tariff
2018-19
42st
Budget Edition
October 2018
Author: Arun Goyal
ISBN: 978-81-86234-64-8
Rs. 1990
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Rupee Gains by Rs. 1.20 against Dollar
to Rs. 71.75 w.e.f. 7
Dec 2018
[Customs Notification No. 96 (Non Tariff) dated 6 December 2018]
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Schedule-I
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SNo.
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Foreign Currency
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Rate of exchange of one unit of foreign currency equivalent to
Indian rupees
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(1)
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(2)
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(3)
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(a)
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(b)
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(For Imported Goods)
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(For Export Goods)
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1.
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Australian Dollar
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52.35
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50.10
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2.
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Bahrain Dinar
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194.20
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182.15
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3.
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Canadian Dollar
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53.85
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52.00
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4.
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Chinese Yuan
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10.50
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10.15
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5.
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Danish Kroner
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10.95
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10.60
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6.
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EURO
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81.95
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78.95
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7.
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Hong Kong Dollar
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9.25
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8.90
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8.
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Kuwait Dinar
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240.90
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225.60
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9.
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New Zealand Dollar
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50.05
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47.65
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10.
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Norwegian Kroner
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8.45
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8.15
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11.
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Pound Sterling
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91.85
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88.60
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12.
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Qatari Riyal
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20.10
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18.85
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13.
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Saudi Arabian Riyal
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19.50
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18.30
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14.
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Singapore Dollar
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52.65
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50.85
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15.
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South African Rand
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5.
25
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4.95
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16.
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Swedish Kroner
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8.05
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7.75
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17.
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Swiss Franc
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72.45
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69.70
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18.
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UAE Dirham
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19.95
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18.70
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19.
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US Dollar
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71.75
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70.05
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Schedule-II
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SNo.
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Foreign Currency
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Rate of exchange of 100 units of foreign currency equivalent to
Indian rupees
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(1)
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(2)
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(3)
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(a)
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(b)
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(For Imported Goods)
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(For Export Goods)
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1.
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Japanese Yen
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64.05
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61.70
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[F.No.468/01/2018-Cus.V]
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