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import Archives - All About Finance

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The minimum price for import of Areca Nuts is enhanced from existing Rs.110/- to Rs.162/- per Kilogram

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GOVERNMENT OF INDIA NOTIFICATION No. 10/2015-2020  New Delhi, the 8th June, 2015. The CIF value of Areca Nuts under the following Exim Codes of Chapter 8 of ITC (HS) 2012, Schedule 1 (Import Policy) is revised from the present ‘Rs.110/- and above per Kilogram’ to ‘Rs. 162/- and above per Kilogram’. The revised entries shall … Read more

RBI waived the requirement of submitting Form A-1

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RBI/2014-15/467A. P. (DIR Series) Circular No.76 February 12, 2015 To All Category-I Authorised Dealer Banks Madam / Sir, Foreign Exchange Management Act, 1999 – Import of Goods into India Attention of Authorised Dealer Category – I (AD Category – I) banks is invited to the A.P.(DIR Series) Circular No. 82 dated February 21, 2012 in terms of … Read more

Import of Shark fins is Prohibited

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  Notification No. 111/(RE-2013)/2009-2014       Exim Code Item Description Existing Policy Revised Policy Shark fins Prohibited     [Issued from File No.01/89/180/118/AM-02/PC-2 (A)]  

Allocation of quantity of Rough Marble and Travertine Blocks for import for Financial Year 2014-15 – DGFT Trade Notice

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Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi-110011.   Trade Notice No. 12/2014, dated 8th January 2015   To,   Members of Trade All Regional Authorities of DGFT All Custom Authorities   Subject:      Allocation of quantity of Rough Marble and Travertine Blocks for import … Read more

GSM mobile handsets with duplicate or fake IMEI & CDMA mobile handsets with duplicate or fake ESN/MEID are added to the list of Prohibited items for import

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To be published in the Gazette of India Extraordinary Part-II, Section -3, Sub Section (ii) Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan, New Delhi   Subject: Amendment in import policy conditions under ITC (HS) 4 digit code 8517. S.O. (E): In exercise of powers conferred by Section 3 of … Read more

The gap, between value of import and export, that is Trade deficit, has also increased during 1990-91 to 2013-14

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Foreign Trade  The foreign trade (export+import) has increased from 42 billion US $, in 1990-91 to 765 billion US$ in the year 2013-14 with an annual average growth rate of 13.42% and has increased 18 folds during the period.  The gap, between value of import and export, which is Trade deficit, has also increased during … Read more

Measures taken by the Government to promote exports by small and medium Pharmaceutical manufacturers

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For technology up-gradation to Micro and Small Enterprises in the pharma sector, Ministry of Micro, Small & Medium Enterprises (MSME) is running Credit Linked Capital Subsidy Scheme (CLCSS) under which Micro and Small Enterprises are entitled to take loan upto Rs. 1.00 crore with 15% subsidy.  Drugs for sale or for export are manufactured under … Read more

Anti-dumping duty on imports of cable ties, originating in or exported from People’s Republic of China and Chinese Taipei, for a period of five years

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TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THE GAZETTE OF INDIA, EXTRAORDINARY]                                                            GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE)   Notification No. 47/2014-Customs (ADD)   New Delhi, the 9th December, 2014                           G.S.R.       (E). – Whereas, the designated authority, vide  notification No. 15/20/2013-DGAD, dated the 17th October, 2013, published in the Gazette … Read more

Import policy of Worked monumental or building stone and articles thereof – DGFT Notification

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To be published in the Gazette of India Extraordinary Part II Section 3, Sub Section (II) Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan Notification No. 100 (RE-2013)/2009-2014 New Delhi, The 5th December, 2014 Subject : Import policy of Worked monumental or building stone (except slate) and articles thereof, other … Read more

Import Policy of Scheduled Chemicals – DGFT Notification

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(To be published in the Gazette of India Extraordinary Part-II, Section – 3, Sub-Section ii)  Notification No. 98 (RE – 2013)/2009-2014  New Delhi, Dated: 19 November, 2014  Subject:- Import Policy of Scheduled Chemicals. S.O. (E) In exercise of powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No. 22 of … Read more