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News –23 May 2019

 

 

 

What's New...

 

DGFT Discontinues Submission of Physical Copy of RCMCs from 1 July 2019

·     Services RCMC not Required if Goods RCMC Available

CBDT Issues Draft Notification for Amendment of Form No 10B of the Income Tax Rules, 1962

WTO Members Consider Sustainability of Palm Oil Trade and Production

 

21.05.2019

Entity Registration and Approval under New Sea Cargo Manifest and Transhipment Regulations (SCMTR), 2018 through ICEGATE WEB PORTAL

·     The Authorised Sea Carrier (ASC)/Authorised Sea Agent (ASA) shall submit an Arrival Manifest electronically, prior to departure from the last port of call to the Indian Port of call.

·     Submit Departure Manifest electronically before departure from the Indian Port of call

·     Registration/Application process to operate under New Sea Cargo Manifest and Transhipment Regulations (SCMTR),2018 is now open at ICEGATE Web Portal

·    Outreach sessions may be conducted for exporters availing the benefit of e-Seal

Procedure for Import Clearance of Gift Shipments Arriving at EICI Terminal of New Courier Terminal (NCT). New Delhi

Flash Electronics Files Lawsuit against Royal Enfield in the US for Patent Infringement

Relief for Importers as Gujarat HC Stays IGST Levy on Ocean Freight

WTO Quarterly Trade Growth Indicator Still at Nine-Year Low

 

18.05.2019

Digital Offset Printing Plates from China, Japan, Korea, Taiwan and Vietnam – Anti-dumping Investigation Initiated on Complaint of Technova Imaging System

·    PS Plates for Printing from China Notification 25-Add dated 09.06.2014 Expires in June

Imports and Exports from Democratic People’s Rep Korea – HS Codes for UNSC Resolutions 2270 and 2321 Notified

·    HS Codes for Sectoral Bans on Exports to DPRK Listed

 

17.05.2019

DGFT Issues Trade Notice for Rupee Payment from Sanction Countries in OFAC

·     e-BRC has been generated in INR and payment

·     MEIS Online E- Com module

·     OFAC Shipments

·     Shipments to OFAC countries

·     No physical/paper copy of the MEIS scrips will be issued for EDI ports

·    Shipping bills with Let Export date on or after 16.05.2019, usual late cut would be applied by the system and RAs shall not change it

DGFT Receives 57028 for 724 HS Codes Shipping Bills with HS Codes from Customs for MEIS Claims to Cover Cases of Missing HS Codes

Adjudication Orders Issued FTDOs to be Reviewed by JDGFT

Online Filing of Advance Authorisation and EPCG Applications Must Upload Supporting Documents

Rupee Falls by 70 paise against Dollar to Rs. 71.15 w.e.f. 17 May 2019

Tariff Value of Palm Oil, Palmolein, Gold and Silver, Brass Scrap, Areca Nuts and Poppy Seeds Notified

Online Submission of Performance Appraisal Reports

 

15.05.2019

India Blinks for Ninth Time, Extends Retaliatory Tariff on US Products till June 16

MEIS without eBRC Allowed from Countries like Burma, Iran under OFAC

·    Vostro Account Receipts with Rupee Payment also OK for MEIS Issue

Last Date for Maize (Feed Grade) under TRQ Extended till 31 May 2019

Examination for Confirmation of Enrollment of GST Practitioners to be Conducted by NACIN

·    Last Chance for Eam

Japan Initiates WTO Dispute Complaint against Indian Tech Tariffs

 

 

 

BIG’s Easy Reference
Customs Tariff 2018-19 Vol. I

IMPORTS with IGST

With Free

Supplement

(Covering Four Month Period Oct 2018 to Jan 2019)

42st Budget Edition

October 2018

Author: Arun Goyal

ISBN: 978-81-86234-64-8

Rs. 1990

 

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Released on 9 February 2019

SUPPLEMENT

(Covering the Four Month Period Oct 2018 to Jan 2019, including Interim Budget 2019)

Big’s Easy Reference Customs Tariff Vol. I

IMPORTS with IGST

42nd Edition

October 2018

Author: Arun Goyal

ISBN: 978-81-86234-64-8

Rs. 150

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BIG’s Easy Reference Customs Tariff Val. II

EXPORT of Goods and Services

2nd Edition

Author: Arun Goyal

ISBN: 978-81-86234-66-2

Rs. 1250

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Last Updated on 23-05-2019