Search Result for : Central Government

Dated 22nd December, 2017 | Copy of | CUSTOMS Circular No. 94/2017 | CUSTOMS NOTIFICATION In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.69/2011-Customs, dated the 29th July, 2011, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R.593(E), dated the 29th July, 2011, namely:-In the said notification, in S.No.746, for the entry in column (4), the entry “6.88”, shall be substituted.2. This notification shall ...

Dated 15th December, 2017 | Copy of | Finance Notification Sl.137 In exercise of powers conferred by Sub-Section 3 read with Clause (b), Sub-section (1) of Section 4 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Central Government hereby appoints Shri Injeti Srinivas, Secretary, Ministry of Corporate Affairs as Part Time Member of the Securities and Exchange Board of India (SEBI) vice Shri Tapan Ray, former Secretary, Ministry of Corporate Affairs with immediate effect and until further orders. Sd/(Praveen Garg) Jt. Secy. S.O.3720(E) F.No.2/23/2006-RE Issued by: Ministry of Finance (Department of Economic Affairs) (Financial Markets Division) New Delhi   Foot Note:- The Principal notification was published vide S.O.195(E) dated 9.3.1992 and amended vide notifications S.O.761(E) dated 7.10.1993, S.O.719(E) dated 17.10.1996, ...

Dated 14th December, 2017 | Copy of | Notification No.91/2017-Customs WHEREAS the Central Government on being satisfied that the import duty leviable on certain goods and parts thereof, falling under chapters 85, 90 and 94 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), should be increased and that circumstances exist which render it necessary to take immediate action. NOW, therefore, in exercise of the powers conferred by sub-section (1) of section 8A of the said Customs Tariff Act, the Central Government, hereby directs that the First Schedule to the said Customs Tariff Act, shall be amended in the following manner, namely:- In the First Schedule to the said Customs Tariff Act,- (a) in Section ...

The Dollar Business Bureau The Central government has allowed imports of 3 lakh metric tonnes of raw sugar at a concessional rate of 25% tariff duty. The sugar can be imported only through southern ports such as Tuticorin, Chennai in Tamilnadu, Karaikal in Puducherry, Mangalore in Karnataka, Kakinada, Vishakhapatnam and Gangavaram in Andhra Pradesh. According to the notification released by the DGFT No- 27/2015-2020 dated September 7, 2017, the validity of the tariff duty of 25% is for 60 days ie until the 1st week of November. The move to allow the imports of raw sugar by the government comes after sugar mills in Tamilnadu sought permission to import the commodity duty-free. Harvesting of sugar in the state has come down drastically due to ...

The Dollar Business Bureau The first meeting of the Japan-India Coordination Forum (JICF) for Development of North-Eastern Region was held at Delhi. This is a part of the Indo-Japan strategy to contain China’s marauding moves in the region. The JICF is being set up to focus on connectivity, road development, especially inter-State roads and major district roads, disaster management, food processing, organic farming, and tourism. The Secretary, Ministry of Development of North-Eastern Region (DoNER), Naveen Verma led the Indian side while the Japanese delegation was led by the Japanese Ambassador to India, Kenji Hiramatsu. Senior Officers of the Ministry of Home Affairs, External Affairs, Department of Economic Affairs, and line Ministries of Government of India including Road Transport & Highways, Agriculture, Power ...

The Dollar Business Bureau Upon receiving a proposal from the Telangana government for setting up Spice Park at Nizamabad, Telangana for turmeric, the Central Government has conveyed that the Spices Board would extend all technical support if land and funds for establishing the Spice Park is provided by the State. The Central Government has also approved the setting up of a Spice Development Agency (SDA) for Telangana with headquarters at Warangal for co-coordinating with the State / Central Agencies implementing programmes for research, production, marketing, quality improvement and export of spices, including chilli and turmeric. The Government implements several programmes for providing assistance to spice farmers, including Chilli and Turmeric farmers, which, on one hand aim at increasing production and ensuring remunerative prices ...

The Dollar Business Bureau The Ministry of Textiles issued a notification on August 1, as a transitional arrangement for the period July-September 2017, exporters of garments and made-ups can claim remission of state levies on rates there prior to the introduction of GST. Under the remission of state levies (RoSL) garments and exporters of made-ups are entitled to claim refunds of the levies paid, from the Central government. Post GST many exporters were demanding that the government retain RoSL under the duty drawback scheme which was announced by the Central Government in 2016 as part of the Rs.6000 crore package, announced by the textile ministry. In a notification on August 1 which reads, ‘In order to support exporters of garments and made-ups, the Government ...

The Dollar Business Bureau The government has levied a customs duty of 10% on the imports of static converter for cellular mobile phones such as USB cables. Until now, these goods were exempted from the purview of basic customs duty. The term 'static converter for cellular mobile phones' is used for phone charging cables that can be used for accessing and transferring handset data to a laptop, computer, tablet or TV. The Revenue Department, in a notification (no.67/2017-Customs, dated July 14, 2017), said, “The Central Government, on being satisfied that it is necessary in the public interest so to do, hereby amends that……exempt goods would include “static converters for automatic data processing machines and units thereof, and telecommunication apparatus, other than static converters ...