Customs amendment to specified goods imported for display
The Dollar Business Bureau The Customs dept of India has issued a notification via No.58/2016-Customs dated 05/10/2016 regarding exemption to specified goods used for display or use at any specified event such as meetings, exhibitions, fairs or similar show or display. The earlier notification No.157/1990-Customs, dated 28/03/1990 had condition 1 which says, ‘the event specified in Schedule II is being held in public interest and is sponsored or approved by the Government of India or the India Trade Promotion Organisation”, which stands omitted in the present notification. Similarly condition 5 in the same notification which says, “in the event of failure to export the goods within the period specified in condition (4), the customs, duty levi-able on the goods as on the date of clearance ...
Unloading of imported goods and loading of export goods - 40/2016
Dated 16th March, 2016 | Copy of | Notification No.40/2016-Customs | In exercise of the powers conferred by clause (aa) of sub- section (1) of section 7 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs, hereby makes following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) number 12/97-CUSTOMS (N.T.), dated the 2nd April, 1997, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R.193(E), dated the 2nd April, 1997, namely:- In the said notification, in the Table, against serial number 15 relating to the State of Uttarakhand, in column (3) after item (i) and the corresponding entry relating thereto in column (4), the following item ...
Unloading of imported goods and loading of export goods -137/2015
Dated 7th December, 2015 | Copy of | Notification No.137/2015-Customs (N.T.) | In exercise of the powers conferred by clause (aa) of sub-section (1) of section 7 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs, hereby makes following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.12/97-CUSTOMS (N.T.), dated the 2nd April, 1997, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R.193(E), dated the 2nd April, 1997, namely:- In the said notification, in the Table, against serial number 5 relating to the State of Haryana, after item (vii) and the entries relating thereto, in columns (3) and (4), ...
Amended To Deepen The Tariff Concessions - Comprehensive Economic Co-operation Agreement
Dated 23rd November, 2015 | Copy of | Notification No.53/2015-Customs | 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. 10/2008-Customs, dated the 15th January, 2008, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 33(E), dated the 15th January, 2008, namely:- In the said notification, for the Table, the following Table shall be substituted, namely: - Table S. No. Tariff item of the First Schedule Description of goods Rate (1) (2) (3) (4) 1 14019010 All goods 0.00% 2 15180031 All goods 0.00% 3 15180039 All goods 0.00% 4 15180040 All ...
CBEC Exchange Rates w.e.f. November 19th, 2015
Dated November 19th, 2015 | Copy of | Notification No.112/2015-Customs (N.T.) | In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Central Board of Excise & Customs No.106/2015-CUSTOMS (N.T.), dated 5th November, 2015, except as respects things done or omitted to be done before such supersession, the Central Board of Excise & Customs hereby determines that the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II annexed hereto, into Indian currency or vice versa, shall, with effect from 20th November, 2015, be the rate mentioned against it in the corresponding entry ...
Domestic traders oppose 100% FDI in e-commerce
Himanshu Vatsa | The Dollar Business Though the government is yet to decide on allowing 100% Foreign Direct Investment (FDI) in e-commerce, domestic traders say the move will have adverse impact on small retailers and manufacturers within the country. The Ministry of Commerce will hold a meeting with online retailers and other trade bodies on July 10 to discuss various issues before taking a final decision on the matter. Earlier, the ministry held a consultation with stakeholders in May this year. The Confederation of All India Traders (CAIT) said that allowing 100% FDI in e-commerce will “kill the Indian trade” and give all control of retail business in to the hands international players. “We are going to oppose any such move. We ...
